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


Kotak Securities
Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh customers. They corporate members with the Bombay Stock Exchange and the National Stock Exchange. They are also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). Kotak securitie... Know more about Kotak Securities Ltd


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 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
Open an Online Trading Account with Kotak Securities.Open an Online Trading Account with IIFL Securities.
Enquire Kotak SecuritiesOpen IIFL Securities Account
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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)
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Kotak Securities Vs IIFL Securities Brokerage Charges & Plans

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 SecuritiesOpen 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
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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%)
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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 SecuritiesOpen 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 No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No 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
Other Features 3-in-1 account
Referral Program
Enquire Kotak SecuritiesOpen IIFL Securities Account
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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    Rate Kotak Securities 118 Customer Reviews    Rate IIFL Securities
Fees 2.4 2.8
Brokerage 2.3 2.6
Trading Platform 3.3 3.2
Customer Service 2.8 2.7
Research Capabilities 2.6 3.3
Overall Ratings Rated 2.4 stars Rated 2.7 stars
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
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Contact Broker / Request A Call Back

  Kotak Securities Enquire IIFL Securities Enquire
Contact Broker 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.
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.
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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 No 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
Enquire Kotak SecuritiesOpen 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
  • 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.
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. 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 SecuritiesOpen IIFL Securities Account

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