Kotak Securities Vs iTradeOnline (Compare Kotak Securities and iTradeOnline)


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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Kotak Securities Vs iTradeOnline

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 , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Kotak Securities iTradeOnline
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Year of Incorporation 1994
Number of Branches 1209
Open an Online Trading Account with Kotak Securities.Open an Online Trading Account with iTradeOnline.
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Kotak Securities Vs iTradeOnline Charges & AMC

Kotak Securities trading account opening charges is Rs 750 while iTradeOnline account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

  Kotak Securities iTradeOnline
Trading Account Opening Charges Rs 750 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 600 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
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Kotak Securities Vs iTradeOnline Brokerage Charges & Plans

Kotak Securities Vs iTradeOnline Brokerage

Kotak Securities brokerage charges for equity is 0.49% and intraday is 0.049% (both side) whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

  Kotak Securities iTradeOnline
Account Type Fixed Brokerage Plan Pay Per Trade
Fixed Charges Rs 0
Equity Delivery 0.49% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.049% (both side) Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.049% (both side) Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 300 per lot Rs 20 per executed order or .01% whichever is lower
Currency Futures Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 per executed order or .01% whichever is lower
Commodity Futures 0.070% Rs 20 per executed order or .01% whichever is lower
Commodity Options
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: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Kotak Securities Vs iTradeOnline Brokerage Plan 2

  Kotak Securities iTradeOnline
Account Type Dynamic Brokerage Plan Pay Per Trade
Fixed Charges Rs 0
Equity Delivery 0.59% to 0.30% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.06% to 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.07% to 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Options 2.5% to 1.8% Rs 20 per executed order or .01% whichever is lower
Currency Futures 0.04% or Rs 20 per lot Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 20 to Rs 7.5 per lot Rs 20 per executed order or .01% whichever is lower
Commodity Futures Rs 20 per executed order or .01% whichever is lower
Commodity Options
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Kotak Securities Charges Vs iTradeOnline

Minimum Brokerage Rs 21 per executed order Rs 0 (No Minimum Brokerage)
Other Charges SMS Alerts at Rs 50 per month Physical contact notes: Rs 20
Call & Trade Charges Rs 20 per call after first 20 free calls in a month Rs 0 (Free)
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Kotak Securities Vs iTradeOnline Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Kotak Securities iTradeOnline
Equity Delivery NSE: 0.00325%, BSE: 0.00325% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures NSE: 0.0019% NSE Rs 190 per crore (0.0019%)
Equity Options NSE: 0.05% on Premium NSE Rs 5000 per crore (0.05%)
Currency Futures NSE: 0.0009%, BSE: 0.00022% NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options NSE: 0.035%, BSE: 0.001% NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Kotak Securities Vs iTradeOnline 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 iTradeOnline 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 iTradeOnline
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)
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Compare Kotak Securities and iTradeOnline Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  Kotak Securities iTradeOnline
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
Margin Against Shares (Equity F&O) No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM
Other Features 3-in-1 account
Referral Program
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Kotak Securities Vs iTradeOnline Review

Kotak Securities is rated 2.4 of 5 based on 170 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Kotak Securities iTradeOnline
  170 Customer Reviews    Rate Kotak Securities 7 Customer Reviews    Rate iTradeOnline
Fees 2.4 3.9
Brokerage 2.3 4.1
Trading Platform 3.3 3.9
Customer Service 2.8 3.7
Research Capabilities 2.6 1.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 170 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Enquire iTradeOnline 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.
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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Kotak Securities Vs iTradeOnline Investment Options

  Kotak Securities iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No Yes
Other Investment Options Insurance, Wealth Management
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Kotak Securities Vs iTradeOnline Order Type Offered

  Kotak Securities iTradeOnline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
Enquire Kotak SecuritiesEnquire iTradeOnline
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Kotak Securities Vs iTradeOnline Research Report

  Kotak Securities iTradeOnline
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 iTradeOnline Suitable For Investor Type

  Kotak Securities iTradeOnline
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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Kotak Securities Vs iTradeOnline - Pros and Cons

  Kotak Securities iTradeOnline
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.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
Cons
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire Kotak SecuritiesEnquire iTradeOnline

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