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Kotak Securities Vs ProStocks Share Broker Comparison

The side-by-side comparison of Kotak Securities Ltd and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between Kotak Securities and ProStocks'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 ProStocks.

  Kotak Securities Ltd ProStocks
 
Kotak Securities Ltd Logo ProStocks 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 ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited ... Know more about ProStocks
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE
Account Type Fixed Brokerage Plan Flat Fee Plan
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with ProStocks. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Kotak Securities Ltd ProStocks
Trading Account Opening Fees ₹750 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹600 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Kotak Securities Ltd ProStocks
Account Type Fixed Brokerage Plan Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage 0.49% ₹15
Equity Intraday Brokerage 0.049% (both side) ₹15
Equity Futures Brokerage 0.049% (both side) ₹15
Equity Options Brokerage ₹300 per lot ₹15
Currency Futures Trading Brokerage ₹15
Currency Options Trading Brokerage ₹15
Commodity Futures Trading Brokerage 0.070%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Kotak Securities Ltd ProStocks
Account Type Dynamic Brokerage Plan Monthly Unlimited Equity
Fixed Charges ₹899
Equity Delivery Brokerage 0.59% to 0.30% ₹0
Equity Intraday Brokerage 0.06% to 0.05% ₹0
Equity Futures Brokerage 0.07% to 0.05% ₹0
Equity Options Brokerage 2.5% to 1.8% ₹0
Currency Futures Trading Brokerage 0.04% or Rs 20 per lot
Currency Options Trading Brokerage Rs 20 to Rs 7.5 per lot
Commodity Futures Trading Brokerage
Commodity Options Trading Brokerage

Brokerage Plan 3

  Kotak Securities Ltd ProStocks
Account Type Fixed Brokerage Plan Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage 0.49%
Equity Intraday Brokerage 0.049% (both side)
Equity Futures Brokerage 0.049% (both side)
Equity Options Brokerage ₹300 per lot
Currency Futures Trading Brokerage ₹0
Currency Options Trading Brokerage ₹0
Commodity Futures Trading Brokerage 0.070%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹21 per executed order
Other Brokerage Charges SMS Alerts at ₹50 per month
Call & Trade Charges ₹20 per call after first 20 free calls in a month
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Taxes

  Kotak Securities Ltd ProStocks
Securities Transaction Tax (STT)
  • 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 Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 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 ProStocks
Equity Delivery 0.1% (Buy and Sell) NSE: 0.00325% | BSE: 0.00275%
Equity Intraday 0.025% (on Sell trade) NSE: 0.00325% | BSE: 0.00275%
Equity Futures 0.01% (on Sell trade) NSE: 0.0019% | BSE: 0.0005%
Equity Options 0.05% (on Sell trade premium) or 0.125% (on options) NSE: 0.050% | BSE: 0.0025%
Currency Futures NA NSE: 0.0011% | BSE: 0.0001%
Currency Options NA NSE: 0.040% | BSE: 0.0001%
Commodity 0.01% on sell side
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Exposure

  Kotak Securities Ltd ProStocks
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday 50 times 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures 12 to 15 times 1.5x
Equity Options Selling: 200 times | Buying: 10 times 1x (no margin)
Currency Futures NA 1.5x
Currency Options NA 1x (no margin)
Commodity NA NA
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Share Broker Features

  Kotak Securities Ltd ProStocks
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
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 ProStocks, NSE NOW
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM
Other Features 3-in-1 account
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Broker Ratings (Average User Rating)

  Kotak Securities Ltd ProStocks
  134 Customer Reviews    Rate Kotak Securities 24 Customer Reviews    Rate ProStocks
Fees Ratings 2.5 4.6
Trading Brokerage Rating 2.4 4.4
Trading Platform Usability 3.4 2.9
Customer Service Ratings 3.0 3.1
Overall Ratings Rated 2.6 stars Rated 3.3 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 134 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Ltd ProStocks
Contact / Request Call Back
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Investment Options Available

  Kotak Securities Ltd ProStocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options
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Customer Service Offered

  Kotak Securities Ltd ProStocks
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

  Kotak Securities Ltd ProStocks
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
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Research / Tips / Reports Published

  Kotak Securities Ltd ProStocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Kotak Securities Ltd ProStocks
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Kotak Securities Ltd ProStocks
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.

More Advantages...

  • Cheapest flat fee broker in India. Offers ₹899 unlimited equity and equity f&o trading and ₹15 per trade plan.
  • 2-in-1 Accounts offers seamless transactions between trading and demat account.
  • 5 Pricing plans to choose from offers flexibility to stock market investors and active trader. Its extremely easy to switch between the plans.
  • Lowest exchange transaction changes, guaranteed.
  • Life time free demat account with one time ₹1000 deposit. No account opening and no annual maintenance charges.
  • Lowest stamp duty for customer outside Maharashtra. Max stamp duty charged is ₹50 per day.
  • ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee.
  • Cheapest Call & Trade fee (₹10 per executed order) among all discount brokers. Other brokers charge minimum ₹20 per trade.
  • 24x7 customer service though Advance Interactive voice response(IVR).

More Advantages...

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

More Disadvantages...

More Disadvantages...

Reviews Useful articles about ProStocks:
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.

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for ₹899/month or choose ₹15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer ₹0 Demat AMC with one time ₹1000 refundable deposit.

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

Enquire about Kotak Securities Enquire about ProStocks
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