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Kotak Securities Vs IIFL Securities (Compare Kotak Securities and IIFL Securities)

Kotak Securities Ltd Logo

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Portfolio Management services (PMS), research, margin trade funding, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a ... Know more about Kotak Securities Ltd

IIFL Securities Ltd Logo

About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd

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Kotak Securities Vs IIFL Securities

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

  Kotak Securities IIFL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Year of Incorporation 1994 1996
Number of Branches 153 900
Open Kotak Securities AccountOpen IIFL Securities Account

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Kotak Securities Vs IIFL Securities Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while IIFL Securities account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

  Kotak Securities IIFL Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 600 Rs 250 (Free for 1st year)

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Kotak Securities Vs IIFL Securities Brokerage

Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free whereas IIFL Securities brokerage charges for equity is Rs 20 per order and intraday is Rs 20 per order.

Account Type Kotak Securities Trade Free Plan IIFL Securities iServe
Fixed Charges NA
Equity Delivery 0.25% (Minimum Rs 20 per trade) Rs 20 per order
Equity Intraday Free Rs 20 per order
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per order
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per order
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per order
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per order
Commodity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per order
Special Offer
Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Kotak Securities Vs IIFL Securities Brokerage Plan 2

  Kotak Securities IIFL Securities
Account Type Dealer Assisted Plan iServe
Fixed Charges Rs 499 (One Time) NA
Equity Delivery 0.39% Rs 20 per order
Equity Intraday 0.039% Rs 20 per order
Equity Futures 0.039% Rs 20 per order
Equity Options Rs 39 per lot Rs 20 per order
Currency Futures Rs 9 per lot Rs 20 per order
Currency Options Rs 5 per lot Rs 20 per order
Commodity Futures 0.039% Rs 20 per order
Commodity Options Rs 39 per lot Rs 20 per order
Open Kotak Securities AccountOpen IIFL Securities Account

Kotak Securities Charges Vs IIFL Securities

Minimum Brokerage Rs 21 per executed order
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 50 per call Rs 50 per call

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Kotak Securities Vs IIFL Securities Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while IIFL Securities exchange transaction charges for options is Rs 5100 per Cr (0.051%) (on premium).

  Kotak Securities IIFL Securities
Equity Delivery NSE: 0.00325%, BSE: 0.00325% Rs 325 per Cr (0.00325%)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% Rs 325 per Cr (0.00325%)
Equity Futures NSE: 0.0019% Rs 210 per Cr (0.0021%)
Equity Options NSE: 0.05% on Premium Rs 5100 per Cr (0.051%) (on premium)
Currency Futures NSE: 0.0009%, BSE: 0.00022% Rs 210 per Cr (0.0021%)
Currency Options NSE: 0.035%, BSE: 0.001% Rs 5100 per Cr (0.051%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% Group A - Rs 280 per Cr (0.0028%)
Open Kotak Securities AccountOpen IIFL Securities Account

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Kotak Securities Vs IIFL Securities Leverage (Margin)

Kotak Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the IIFL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Kotak Securities IIFL Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Kotak Securities AccountOpen IIFL Securities Account

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Compare Kotak Securities and IIFL Securities Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

  Kotak Securities IIFL Securities
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time
Trading In SME Shares Allowed?
Referral Program
Other Features 3-in-1 account
Open Kotak Securities AccountOpen IIFL Securities Account

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Kotak Securities Vs IIFL Securities Review

Kotak Securities is rated 2.3 of 5 based on 184 customer reviews whereas IIFL Securities is rated 2.6 of 5 based on 128 customer reviews.

  Kotak Securities IIFL Securities
  184 Customer Reviews    Rate Kotak Securities 128 Customer Reviews    Rate IIFL Securities
Fees 2.4 2.8
Brokerage 2.3 2.6
Trading Platform 3.2 3.2
Customer Service 2.8 2.6
Research Capabilities 2.5 3.0
Overall Ratings Rated 2.3 stars Rated 2.6 stars
Broker Rating Kotak Securities is rated 2.3 of 5 based on 184 customer reviews IIFL Securities is rated 2.6 of 5 based on 128 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire IIFL Securities Enquire
Contact Broker Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

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Kotak Securities Vs IIFL Securities Investment Options

  Kotak Securities IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance

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Kotak Securities Vs IIFL Securities Order Type Offered

  Kotak Securities IIFL Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Open Kotak Securities AccountOpen IIFL Securities Account

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Kotak Securities Vs IIFL Securities Research Report

  Kotak Securities IIFL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Kotak Securities Vs IIFL Securities Suitable For Investor Type

  Kotak Securities IIFL Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Kotak Securities Vs IIFL Securities - Pros and Cons

  Kotak Securities IIFL Securities
Pros
  • Kotak Securities is a bank-based broker offering a 3-in-1 account.
  • Brokerage free intraday trading with online trading plans.
  • Zero brokerage across all segments for investors up to the age of 30 years.
  • Company is part of leading private bank (Kotak Mahindra Bank).
  • NEST trading platform is available for frequent traders.
  • Charges are lowest amoung bank-based brokers.
  1. Full-service broker offering quality research and recommendations.
  2. Flat Rs 20 per trade brokerage for Intraday & F&O.
  3. IIFL offers Equity SIP and Mutual Fund SIP.
  4. Margin funding is available.
  5. IIFL Securities is a publicly-traded company listed at BSE and NSE.
Cons
  • High Equity delivery brokerage charges.
  • High demat AMC changes (Rs 66 per month).
  • Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox.
  • A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
  • The customer has to pay a yearly plan subscription fee of Rs 499.
  • Very high brokerage in dealer-assisted brokerage plan.
  • Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.
  1. Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges.
  2. Equity delivery brokerage is charged at flat Rs 20 per trade.
  3. It doesn't offer Direct Mutual Funds.
  4. Call & trade changes are Rs 50 per call.
Reviews
Promo / Offers

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Free Account Opening
  • Brokerage-Free Intraday trading
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

IIFL Securities Special Offer

Flat Rs 20 Per Trade Brokerage + Free Account Opening

  • Flat Rs 20 per trade brokerage for delivery, intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

Open Kotak Securities AccountOpen IIFL Securities Account

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