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

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 1209 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	1209	900
	Enquire Kotak Securities	Open IIFL Securities Account

Kotak Securities Vs IIFL Securities Charges & AMC

Kotak Securities trading account opening charges is Rs 750 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 750	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 600	Rs 250 (Free for 1st year)

Kotak Securities Vs IIFL Securities Brokerage

Kotak Securities brokerage charges for equity is 0.49% and intraday is 0.049% (both side) whereas IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order.

	Kotak Securities	IIFL Securities
Account Type	Fixed Brokerage Plan	iServe
Fixed Charges		NA
Equity Delivery	0.49%	Rs 0 (Free)
Equity Intraday	0.049% (both side)	Rs 20 per order
Equity Futures	0.049% (both side)	Rs 20 per order
Equity Options	Rs 300 per lot	Rs 20 per order
Currency Futures		Rs 20 per order
Currency Options		Rs 20 per order
Commodity Futures	0.070%	Rs 20 per order
Commodity Options		Rs 20 per order
Special Offer	Special Offer: Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.	Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for 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	Dynamic Brokerage Plan	iServe
Fixed Charges		NA
Equity Delivery	0.59% to 0.30%	Rs 0 (Free)
Equity Intraday	0.06% to 0.05%	Rs 20 per order
Equity Futures	0.07% to 0.05%	Rs 20 per order
Equity Options	2.5% to 1.8%	Rs 20 per order
Currency Futures	0.04% or Rs 20 per lot	Rs 20 per order
Currency Options	Rs 20 to Rs 7.5 per lot	Rs 20 per order
Commodity Futures		Rs 20 per order
Commodity Options		Rs 20 per order
	Enquire Kotak Securities	Open IIFL Securities Account

Kotak Securities Charges Vs IIFL Securities

Minimum Brokerage	Rs 21 per executed order
Other Charges	SMS Alerts at Rs 50 per month	Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 20 per call after first 20 free calls in a month	Rs 50 per call

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%)
	Enquire Kotak Securities	Open IIFL Securities Account

Kotak Securities Vs IIFL Securities Leverage (Margin)

Kotak Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the IIFL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Kotak Securities	IIFL Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
	Enquire Kotak Securities	Open IIFL Securities Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
Other Features	3-in-1 account
Referral Program
	Enquire Kotak Securities	Open IIFL Securities Account

Kotak Securities Vs IIFL Securities Review

Kotak Securities is rated 2.4 of 5 based on 170 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 118 customer reviews.

	Kotak Securities	IIFL Securities
	170 Customer Reviews	118 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Kotak Securities is rated 2.4 of 5 based on 170 customer reviews	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews

Kotak Securities Vs IIFL Securities Investment Options

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

Kotak Securities Vs IIFL Securities Order Type Offered

	Kotak Securities	IIFL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire Kotak Securities	Open IIFL Securities Account

Kotak Securities Vs IIFL Securities Research Report

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

Kotak Securities Vs IIFL Securities Suitable For Investor Type

	Kotak Securities	IIFL Securities
Casual Investor
Active Investor
Trader

Kotak Securities Vs IIFL Securities - Pros and Cons

	Kotak Securities	IIFL Securities
Pros	Offers 3-in-1 Account (trinity account). Kotak Security is a full services broker offering wide range of investment options and research reports. Kotak Securities has extended network of 1400+ branches across India. It offers 3-in-1 account, the combination of broker account, bank account and a demat account. All these accounts are linked together and work seamlessly to make stock market investment very easy especially for beginners in stock market. Kotak offers 5 different trading platforms to fulfill almost all customer requirements.	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities is a publicly-traded company listed at BSE and NSE.
Cons	The brokerage changed by them of higher than the discount brokers. Commodity trading is available through another company 'Kotak Commodity Services Ltd'.
Reviews
Promo / Offers	Kotak 3-in-1 Account Kotak Mahendra Bank offers trinity account, a 3-in-1 account which is a combination of saving bank, trading and demat account. It offers convenient investment in Equity, Derivatives, Mutual Funds, IPO and ETF. Looking for an online trading account? Request Callback from a stock broker.	Free Equity Delivery Trading + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for 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.
	Enquire Kotak Securities	Open IIFL Securities Account