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

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 ...

Kotak Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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...

IIFL Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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 Account	Open IIFL Securities Account

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)

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 Account	Open 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

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 Account	Open IIFL Securities Account

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 Account	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
Trading In SME Shares Allowed?
Referral Program
Other Features	3-in-1 account
	Open Kotak Securities Account	Open IIFL Securities Account

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	128 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

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.

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)
	Open Kotak Securities Account	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	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.	Full-service broker offering quality research and recommendations. 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	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.	Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges. Equity delivery brokerage is charged at flat Rs 20 per trade. It doesn't offer Direct Mutual Funds. 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 Account	Open IIFL Securities Account

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Compare Kotak Securities	Compare IIFL Securities
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