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Kotak Securities Vs iTradeOnline Share Broker Comparison

The side-by-side comparison of Kotak Securities Ltd and iTradeOnline by Trustline stock brokers in India. The comparison below highlights the similarities and differences between Kotak Securities and iTradeOnline's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Kotak Securities and iTradeOnline.

  Kotak Securities Ltd iTradeOnline by Trustline
 
Kotak Securities Ltd Logo iTradeOnline by Trustline Logo
About the Broker 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 cu... Know more about Kotak Securities Ltd 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 ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type What is this parameter? Fixed Brokerage Plan Pay Per Trade
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Kotak Securities Ltd iTradeOnline by Trustline
Trading Account Opening Fees What is this parameter? ₹750 ₹0 (Free)
Trading Account AMC What is this parameter? ₹0 ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC What is this parameter? ₹600 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Kotak Securities Ltd iTradeOnline by Trustline
Account Type Fixed Brokerage Plan Pay Per Trade
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.49% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage What is this parameter? 0.049% (both side) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.049% (both side) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹300 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage What is this parameter? 0.070% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage What is this parameter?

Brokerage Plan 2

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

Other Charges

Minimum Brokerage Charges What is this parameter? ₹21 per executed order ₹0 (No Minimum Brokerage)
Other Brokerage Charges What is this parameter? SMS Alerts at ₹50 per month Physical contact notes: ₹20
Call & Trade Charges What is this parameter? ₹20 per call after first 20 free calls in a month ₹0 (Free)
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Taxes

  Kotak Securities Ltd iTradeOnline by Trustline
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Kotak Securities Ltd iTradeOnline by Trustline
Equity Delivery What is this parameter? NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday What is this parameter? NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures What is this parameter? NSE ₹190 per crore (0.0019%)
Equity Options What is this parameter? NSE ₹5000 per crore (0.05%)
Currency Futures What is this parameter? NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options What is this parameter? NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity What is this parameter? MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  Kotak Securities Ltd iTradeOnline by Trustline
Equity Delivery What is this parameter? 1x (no margin) 1x (100% Margin Required)
Equity Intraday What is this parameter? 50 times Up to 20x
Equity Futures What is this parameter? 12 to 15 times NSE: 2x
Equity Options What is this parameter? Selling: 200 times | Buying: 10 times NSE: 2x
Currency Futures What is this parameter? NA NSE: 2x
Currency Options What is this parameter? NA NSE: 2x
Commodity What is this parameter? NA MCX Futures: 8x
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Share Broker Features

  Kotak Securities Ltd iTradeOnline by Trustline
3 in 1 Account What is this parameter? Yes No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? No Yes
Margin Against Shares (Equity Cash) What is this parameter? Yes
Margin Against Shares (Equity F&O) What is this parameter? No
Trading Platform What is this parameter? 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 What is this parameter? Equity: 3:15 PM, Commodity: 11:15 PM
Other Features What is this parameter? 3-in-1 account
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Broker Ratings (Average User Rating)

  Kotak Securities Ltd iTradeOnline by Trustline
  133 Customer Reviews    Rate Kotak Securities 5 Customer Reviews    Rate iTradeOnline
Fees Ratings 2.5 4.0
Trading Brokerage Rating 2.4 4.6
Trading Platform Usability 3.4 4.0
Customer Service Ratings 3.0 4.0
Overall Ratings Rated 2.6 stars Rated 4.2 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 133 customer reviews iTradeOnline is Rated 4.2 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Ltd iTradeOnline by Trustline
Contact / Request Call Back
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Investment Options Available

  Kotak Securities Ltd iTradeOnline by Trustline
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? No Yes
Other Investment Options What is this parameter? Insurance, Wealth Management
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Customer Service Offered

  Kotak Securities Ltd iTradeOnline by Trustline
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? Yes No
Through Branches What is this parameter? Yes Yes
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Order Type

  Kotak Securities Ltd iTradeOnline by Trustline
Bracket Order What is this parameter? Yes
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter? Yes
Sell Today Buy Tomorrow (STBT) What is this parameter? No
After Market Order(AMO) What is this parameter? Yes
Good Till Cancelled (GTC) What is this parameter? Yes
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Research / Tips / Reports Published

  Kotak Securities Ltd iTradeOnline by Trustline
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  Kotak Securities Ltd iTradeOnline by Trustline
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Kotak Securities Ltd iTradeOnline by Trustline
Pros What is this parameter?
  • 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.

More Advantages...

  • 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.

More Advantages...

Cons What is this parameter?
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.

More Disadvantages...

  • 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.

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?

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.

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