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
Supported Exchnages	BSE, NSE, MCX, NCDEX	NSE, BSE, MCX
Account Type	Fixed Brokerage Plan	Investor Plan (Online Plus)
Year of Incorporation	1994	1996
Number of Branches	1209	900
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Kotak Securities Vs IIFL Securities Charges & AMC

Kotak Securities trading account opening charges is ₹750 while IIFL Securities account opening changes is ₹250 (Currently waived off). Kotak Securities Demat Account AMC Charges is ₹600 and IIFL Securities Demat Account AMC Charges is ₹250 (Free for first year).

	Kotak Securities	IIFL Securities
Trading Account Opening Charges	₹750	₹250 (Currently waived off)
Trading Account AMC Charges	₹0	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account AMC Charges	₹600	₹250 (Free for first 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 0.25% and intraday is 0.025%.

	Kotak Securities	IIFL Securities
Account Type	Fixed Brokerage Plan	Investor Plan (Online Plus)
Fixed Charges		NA
Equity Delivery Brokerage	0.49%	0.25%
Equity Intraday Brokerage	0.049% (both side)	0.025%
Equity Futures Brokerage	0.049% (both side)	0.025%
Equity Options Brokerage	₹300 per lot	₹25 per lot
Currency Futures Trading Brokerage		0.025% or ₹20 per lot
Currency Options Trading Brokerage		₹8 per lot
Commodity Futures Trading Brokerage	0.070%	0.025%
Commodity Options Trading Brokerage		Gold ₹125 | Silver ₹80 | Crude Oil ₹80
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: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Kotak Securities Vs IIFL Securities Brokerage Plan 2

	Kotak Securities	IIFL Securities
Account Type	Dynamic Brokerage Plan	Premium Plan (Dedicated RM)
Fixed Charges		NA
Equity Delivery Brokerage	0.59% to 0.30%	0.50%
Equity Intraday Brokerage	0.06% to 0.05%	0.05%
Equity Futures Brokerage	0.07% to 0.05%	0.05%
Equity Options Brokerage	2.5% to 1.8%	₹50 per lot
Currency Futures Trading Brokerage	0.04% or ₹20 per lot	0.05% or ₹20 per lot
Currency Options Trading Brokerage	₹20 to ₹7.5 per lot	₹10 per lot
Commodity Futures Trading Brokerage		0.05%
Commodity Options Trading Brokerage		Gold ₹150 | Silver ₹100 | Crude Oil ₹100
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Kotak Securities Vs IIFL Securities Brokerage Plan 3

	Kotak Securities	IIFL Securities
Account Type	Fixed Brokerage Plan	Super Trader Plan (Pro Traders)
Fixed Charges		₹999
Equity Delivery Brokerage	0.49%	0.10%
Equity Intraday Brokerage	0.049% (both side)	0.01%
Equity Futures Brokerage	0.049% (both side)	0.01%
Equity Options Brokerage	₹300 per lot	flat ₹10 per lot
Currency Futures Trading Brokerage		0.015% or ₹15 per lot
Currency Options Trading Brokerage		flat ₹5 per lot
Commodity Futures Trading Brokerage	0.070%	0.015%
Commodity Options Trading Brokerage		Gold ₹80 | Silver ₹50 | Crude Oil ₹50
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Kotak Securities Charges Vs IIFL Securities

Minimum Brokerage Charges	₹21 per executed order	₹0.05 per share (₹25 Min)
Other Brokerage Charges	SMS Alerts at ₹50 per month	Advisory SMS - ₹50 per month
Call & Trade Charges	₹20 per call after first 20 free calls in a month	₹50 per call

Kotak Securities Vs IIFL Securities Transaction Charges

Kotak Securities transaction charges for options is 0.05% (on Sell trade premium) or 0.125% (on options) while IIFL Securities exchange transaction charges for options is ₹5100 per Cr (0.051%) (on premium).

	Kotak Securities	IIFL Securities
Equity Delivery	0.1% (Buy and Sell)	₹325 per Cr (0.00325%)
Equity Intraday	0.025% (on Sell trade)	₹325 per Cr (0.00325%)
Equity Futures	0.01% (on Sell trade)	₹210 per Cr (0.0021%)
Equity Options	0.05% (on Sell trade premium) or 0.125% (on options)	₹5100 per Cr (0.051%) (on premium)
Currency Futures	NA	₹210 per Cr (0.0021%)
Currency Options	NA	₹5100 per Cr (0.051%) (on premium)
Commodity	0.01% on sell side	Group A - ₹280 per Cr (0.0028%)
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Kotak Securities Vs IIFL Securities Leverage (Margin)

Kotak Securities provides the margin of 50 times for intraday trades whereas the IIFL Securities margin for intraday cash is Upto 20x.

	Kotak Securities	IIFL Securities
Equity Delivery	1x (no margin)	Upto 3x (18% Annual Interest)
Equity Intraday	50 times	Upto 20x
Equity Futures	12 to 15 times	Upto 3x
Equity Options	Selling: 200 times | Buying: 10 times	3x for shorting
Currency Futures	NA	Upto 2x
Currency Options	NA	2x for shorting
Commodity Futures	NA	Upto 3x
Commodity Options		Upto 3x
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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
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Kotak Securities Vs IIFL Securities Review

Kotak Securities is rated 2.5 of 5 based on 161 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 112 customer reviews.

	Kotak Securities	IIFL Securities
	161 Customer Reviews	112 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Kotak Securities is rated 2.5 of 5 based on 161 customer reviews	IIFL Securities is rated 2.7 of 5 based on 112 customer reviews

Kotak Securities Vs IIFL Securities Investment Options

	Kotak Securities	IIFL Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (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)
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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.	4000+ branches in 900+ cities make them your neighborhood broker. Being a full service broker, they offer wide range of financial products and services. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund. India Infoline Ltd 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'.	SMS alerts at additional ₹249 per month Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL. India Infoline doesn't provide 3-in-1 account.
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.	Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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