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Kotak Securities Vs Prostocks (Compare Kotak Securities and Prostocks)

Kotak Securities Ltd Logo

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one ... Know more about Kotak Securities Ltd

Prostocks Logo

About Prostocks
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 Equity and Derivatives Trading at Rs 899 per month or unlimited Currency Derivatives for Rs 499 per month. They are the cheapest broker in unlimited trading plans. Average share trader save between 60% to 99% on brokerage through this pl... Know more about Prostocks

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Kotak Securities Vs Prostocks

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

  Kotak Securities Prostocks
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE
Year of Incorporation 1994 2016
Number of Branches 153 1
Open Kotak Securities AccountOpen Prostocks Account

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Kotak Securities Vs Prostocks Charges & AMC

Kotak Securities trading account opening charges is Rs 99 while Prostocks account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).

  Kotak Securities Prostocks
Trading Account Opening Charges Rs 99 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 600 Rs 0 (Lifetime Zero AMC)

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Kotak Securities Vs Prostocks Brokerage

Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per executed order.

Account Type Kotak Securities Trade Free Plan Prostocks Flat Rate Plan
Fixed Charges NA
Equity Delivery 0.25% (Minimum Rs 20 per trade) Rs 0 (Free)
Equity Intraday Free Rs 15 per executed order
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 15 per executed order
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 15 per executed order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free Rs 15 per executed order
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 15 per executed order
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free NA
Commodity Options Delivery: Rs 20 per trade | Intraday: Free NA
Special Offer
Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now
Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

Kotak Securities Vs Prostocks Brokerage Plan 2

  Kotak Securities Prostocks
Account Type Dealer Assisted Plan Unlimited Equity Trading Plan
Fixed Charges Rs 499 (One Time) Rs 899
Equity Delivery 0.39% Rs 0
Equity Intraday 0.039% Rs 0
Equity Futures 0.039% Rs 0
Equity Options Rs 39 per lot Rs 0
Currency Futures Rs 9 per lot NA
Currency Options Rs 5 per lot NA
Commodity Futures 0.039% NA
Commodity Options Rs 39 per lot NA
Open Kotak Securities AccountOpen Prostocks Account

Kotak Securities Vs Prostocks Brokerage Plan 3

  Kotak Securities Prostocks
Account Type Trade Free Plan Unlimited Currency Trading Plan
Fixed Charges Rs 499
Equity Delivery 0.25% (Minimum Rs 20 per trade) NA
Equity Intraday Free NA
Equity Futures Delivery: Rs 20 per trade | Intraday: Free NA
Equity Options Delivery: Rs 20 per trade | Intraday: Free NA
Currency Futures Delivery: Rs 20 per trade | Intraday: Free Rs 0
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 0
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free NA
Commodity Options Delivery: Rs 20 per trade | Intraday: Free NA
Open Kotak Securities AccountOpen Prostocks Account

Kotak Securities Charges Vs Prostocks

Minimum Brokerage Rs 21 per executed order Rs 0
Other Charges
Call & Trade Charges Rs 50 per call Rs 0 (Free)

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Kotak Securities Vs Prostocks Transaction Charges

Kotak Securities transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Prostocks exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  Kotak Securities Prostocks
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 200 per Cr (0.002%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) NSE Rs 5050 per Cr (0.0505%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 3700 per Cr (0.037%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | Commodity Options: MCX : 0.05% & 0 for NCDEX
Open Kotak Securities AccountOpen Prostocks Account

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Kotak Securities Vs Prostocks Leverage (Margin)

Kotak Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Prostocks margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Kotak Securities Prostocks
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Kotak Securities AccountOpen Prostocks Account

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Compare Kotak Securities and Prostocks Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Prostocks offers ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API trading software.

  Kotak Securities Prostocks
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
Intraday Square-off Time Equity 3:15 PM | Curr: 4:45 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features 3-in-1 account
Open Kotak Securities AccountOpen Prostocks Account

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Kotak Securities Vs Prostocks Review

Kotak Securities is rated 2.4 of 5 based on 197 customer reviews whereas Prostocks is rated 3.3 of 5 based on 41 customer reviews.

  Kotak Securities Prostocks
  197 Customer Reviews    Rate Kotak Securities 41 Customer Reviews    Rate Prostocks
Fees 2.4 4.6
Brokerage 2.3 4.2
Trading Platform 3.2 2.9
Customer Service 2.8 3.2
Research Capabilities 2.7 2.0
Overall Ratings Rated 2.4 stars Rated 3.3 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 197 customer reviews Prostocks is rated 3.3 of 5 based on 41 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Prostocks Enquire
Contact Broker Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

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Kotak Securities Vs Prostocks Investment Options

  Kotak Securities Prostocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options

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Kotak Securities Vs Prostocks Order Type Offered

  Kotak Securities Prostocks
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Open Kotak Securities AccountOpen Prostocks Account

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Kotak Securities Vs Prostocks Research Report

  Kotak Securities Prostocks
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Kotak Securities Vs Prostocks Suitable For Investor Type

  Kotak Securities Prostocks
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes

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Kotak Securities Vs Prostocks - Pros and Cons

  Kotak Securities Prostocks
Pros
  • Kotak Securities is a bank-based broker offering a 3-in-1 account.
  • Brokerage free intraday trading with online trading plans.
  • Zero brokerage across all segments for investors up to the age of 30 years.
  • Company is part of leading private bank (Kotak Mahindra Bank).
  • NEST trading platform is available for frequent traders.
  • Charges are lowest amoung bank-based brokers.
  • Cheapest flat fee broker in India. Offers Rs 899 unlimited equity and equity f&o trading and Rs 15 per trade plan.
  • Cover Order (CO) is available in unlimited monthly plan. Bracket order is coming soon.
  • Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account.
  • 2-in-1 Accounts offers seamless transactions between trading and demat account.
  • 2 Pricing plans to choose from.
  • Lowest exchange transaction changes, guaranteed.
  • Life time free demat account with one time Rs 1000 deposit. No account opening and no annual maintenance charges.
  • ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee.
  • Cheapest Call & Trade fee (Rs 10 per executed order) among all discount brokers. Other brokers charge minimum Rs 20 per trade.
  • 24x7 customer service though Advance Interactive voice response(IVR).
Cons
  • High Equity delivery brokerage charges.
  • High demat AMC changes (Rs 66 per month).
  • Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox.
  • A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
  • The customer has to pay a yearly plan subscription fee of Rs 499.
  • Very high brokerage in dealer-assisted brokerage plan.
  • Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.
Reviews

ProStocks is among the most popular stock broker in India for unlimited monthly trading plans. ProStocks offer unlimited trading of Rs 899 per month in the Equity segment (delivery, intraday, and F&O segments). For frequent traders, this is the lowest cost broker in the market.

ProStocks offer an excellent online trading platform. It includes the mobile app, website, and installable trading terminal. Their customer service is much better than top stock brokers like Zerodha, Upstox, and Groww. You could always reach out to ProStocks on the phone in just a few seconds.

The Top 10 Reasons to Trade with ProStocks

Promo / Offers

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage-Free Intraday trades (Equity and F&O).
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

Prostocks Special Offer

Unlimited Monthly Trading @ Rs 899

  • Monthly unlimited trading plan @ Rs 899.
  • Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O +
  • Lifetime Free AMC Demat Account +
  • API for algo trading.

This is a limited-time offer. Open FREE Instant Demat Account and start trading today.

Open Kotak Securities AccountOpen Prostocks Account

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