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Kotak Securities Vs Upstox Share Broker Comparison

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

  Kotak Securities Ltd Upstox
 
Kotak Securities Ltd Logo Upstox 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 Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type Fixed Brokerage Plan Upstox Basic
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 Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Kotak Securities Ltd Upstox
Trading Account Opening Fees ₹750 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹600 ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Kotak Securities Ltd Upstox
Account Type Fixed Brokerage Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.49% ₹0
Equity Intraday Brokerage 0.049% (both side) ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.049% (both side) ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹300 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.070% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 2

  Kotak Securities Ltd Upstox
Account Type Dynamic Brokerage Plan Upstox Priority
Fixed Charges ₹0
Equity Delivery Brokerage 0.59% to 0.30% ₹0
Equity Intraday Brokerage 0.06% to 0.05% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.07% to 0.05% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage 2.5% to 1.8% ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage 0.04% or Rs 20 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage Rs 20 to Rs 7.5 per lot ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹21 per executed order ₹0
Other Brokerage Charges SMS Alerts at ₹50 per month
Call & Trade Charges ₹20 per call after first 20 free calls in a month ₹20 per trade
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Taxes

  Kotak Securities Ltd Upstox
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 Upstox
Equity Delivery 0.1% (Buy and Sell) NSE ₹325 | BSE ₹275
Equity Intraday 0.025% (on Sell trade) NSE ₹325 | BSE ₹275
Equity Futures 0.01% (on Sell trade) NSE ₹210
Equity Options 0.05% (on Sell trade premium) or 0.125% (on options) NSE ₹5500
Currency Futures NA ₹150
Currency Options NA ₹6000
Commodity 0.01% on sell side MCX ₹260/Cr
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Exposure

  Kotak Securities Ltd Upstox
Equity Delivery 1x (no margin) 2.5x
Equity Intraday 50 times Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures 12 to 15 times Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Selling: 200 times | Buying: 10 times Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options NA Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity NA Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Kotak Securities Ltd Upstox
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 Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 PM
Other Features 3-in-1 account Option strategy builder
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Broker Ratings (Average User Rating)

  Kotak Securities Ltd Upstox
  134 Customer Reviews    Rate Kotak Securities 49 Customer Reviews    Rate Upstox
Fees Ratings 2.5 3.8
Trading Brokerage Rating 2.4 3.6
Trading Platform Usability 3.4 2.9
Customer Service Ratings 3.0 2.5
Overall Ratings Rated 2.6 stars Rated 2.6 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 134 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

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

  Kotak Securities Ltd Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
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 Upstox
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

  Kotak Securities Ltd Upstox
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

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

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Pros, Cons and Other Review Comments

  Kotak Securities Ltd Upstox
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...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

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...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
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.

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback
Enquire about Kotak Securities Enquire about Upstox
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