Kotak Securities Vs iTradeOnline (Compare Kotak Securities and iTradeOnline)

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
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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

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)

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
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	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	7 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	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

Kotak Securities Vs iTradeOnline Investment Options

	Kotak Securities	iTradeOnline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Insurance, Wealth Management

Kotak Securities Vs iTradeOnline Order Type Offered

	Kotak Securities	iTradeOnline
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 iTradeOnline Research Report

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

Kotak Securities Vs iTradeOnline Suitable For Investor Type

	Kotak Securities	iTradeOnline
Casual Investor
Active Investor
Trader

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.
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