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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 Portfolio Management services (PMS), research, margin trade funding, depository services and third-party products like insurance. The company also provides direct access to the US markets.
Kotak Securities is a ... 
About SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a...
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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.
| Kotak Securities | SBI Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE |
| Year of Incorporation | 1994 | 2001 |
| Number of Branches | 153 | 117 |
Kotak Securities trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 850. Kotak Securities Demat Account AMC Charges is Rs 600 and SBI Securities Demat Account AMC Charges is Rs 350.
| Kotak Securities | SBI Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 850 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 600 | Rs 350 |
Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.
| Account Type | Kotak Securities Trade Free Plan | SBI Securities eZ-trade |
|---|---|---|
| Fixed Charges | Rs 499 One Time | |
| Equity Delivery | 0.25% or Rs 20 whichever is higher | 0.50% |
| Equity Intraday | Free | 0.05% |
| Equity Futures | Delivery: Rs 20 per trade | Intraday: Free | 0.05% |
| Equity Options | Delivery: Rs 20 per trade | Intraday: Free | Rs 100 per lot |
| Currency Futures | Delivery: Rs 20 per trade | Intraday: Free | 0.03% |
| Currency Options | Delivery: Rs 20 per trade | Intraday: Free | Rs 30 per lot |
| Commodity Futures | Delivery: Rs 20 per trade | Intraday: Free | NA |
| Commodity Options | Delivery: Rs 20 per trade | Intraday: Free | NA |
| Special Offer | Zerodha (Trade with the best stock broker) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Zerodha (Trade with the best stock broker) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Kotak Securities | SBI Securities | |
|---|---|---|
| Account Type | Dealer Assisted Plan | eZ-trade |
| Fixed Charges | ||
| Equity Delivery | 0.39% | 0.50% |
| Equity Intraday | 0.039% | 0.05% |
| Equity Futures | 0.039% | 0.05% |
| Equity Options | Rs 39 per lot | Rs 100 per lot |
| Currency Futures | Rs 9 per lot | 0.03% |
| Currency Options | Rs 5 per lot | Rs 30 per lot |
| Commodity Futures | 0.039% | NA |
| Commodity Options | Rs 39 per lot | NA |
| Minimum Brokerage | Rs 21 per executed order | Rs 0.05 for Cash, Rs 0.01 Future |
| Other Charges | ||
| Call & Trade Charges | Rs 50 per call | Rs 10 per call (after 30 free calls a month) |
Kotak Securities transaction charges for options is NSE: 0.05% on Premium while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).
| Kotak Securities | SBI Securities | |
|---|---|---|
| Equity Delivery | NSE: 0.00325%, BSE: 0.00325% | NSE: 0.00386% | BSE: 0.00384% |
| Equity Intraday | NSE: 0.00325%, BSE: 0.00325% | NSE: 0.00386% | BSE: 0.00384% |
| Equity Futures | NSE: 0.0019% | NSE: 0.002206% (Rs 221/Crore) |
| Equity Options | NSE: 0.05% on Premium | NSE: 0.05515% (Rs 5515/Crore) |
| Currency Futures | NSE: 0.0009%, BSE: 0.00022% | 0.002206% |
| Currency Options | NSE: 0.035%, BSE: 0.001% | NSE: 0.05515% (Rs 5515/Crore) |
| Commodity | MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | |
Kotak Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SBI Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Kotak Securities | SBI Securities | |
|---|---|---|
| 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) |
The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.
| Kotak Securities | SBI Securities | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting | |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite | SBI Smart Express, SBI Smart Web, SBI Smart Mobile |
| Intraday Square-off Time | 2:45 PM | |
| Trading In SME Shares Allowed? | ||
| Referral Program | ||
| Other Features | 3-in-1 account | |
Kotak Securities is rated 2.4 of 5 based on 177 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 153 customer reviews.
| Kotak Securities | SBI Securities | |
|---|---|---|
177 Customer Reviews  |
153 Customer Reviews |
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| Broker Rating | Kotak Securities is rated 2.4 of 5 based on 177 customer reviews | SBI Securities is rated 2.5 of 5 based on 153 customer reviews |
| Kotak Securities Enquire | SBI Securities Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Kotak Securities | SBI Securities | |
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| Kotak Securities | SBI Securities | |
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| Bracket Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Good Till Cancelled (GTC) | |
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| Daily Market Report | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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