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Kotak Securities Vs Upstox (Compare Kotak Securities and Upstox)

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 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 ... Know more about Kotak Securities Ltd

Upstox Logo

About Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Kotak Securities Vs Upstox

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 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Kotak Securities Upstox
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Year of Incorporation 1994 2012
Number of Branches 153 4
Open Kotak Securities AccountOpen Upstox Account

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Kotak Securities Vs Upstox Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 249. Kotak Securities Demat Account AMC Charges is Rs 600 and Upstox Demat Account AMC Charges is Rs 150.

  Kotak Securities Upstox
Trading Account Opening Charges Rs 0 (Free) Rs 249
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 600 Rs 150

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Kotak Securities Vs Upstox Brokerage

Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Kotak Securities Trade Free Plan Upstox Default
Fixed Charges NA
Equity Delivery 0.25% (Minimum Rs 20 per trade) Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Free Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or 0.05% whichever is lower
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or 0.05% whichever is lower
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Special Offer
Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now
Special Offer: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Kotak Securities Vs Upstox Brokerage Plan 2

  Kotak Securities Upstox
Account Type Dealer Assisted Plan Default
Fixed Charges Rs 499 (One Time) NA
Equity Delivery 0.39% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.039% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.039% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 39 per lot Rs 20 per executed order
Currency Futures Rs 9 per lot Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 5 per lot Rs 20 per executed order
Commodity Futures 0.039% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 39 per lot Rs 20 per executed order
Open Kotak Securities AccountOpen Upstox Account

Kotak Securities Charges Vs Upstox

Minimum Brokerage Rs 21 per executed order 0.05%
Other Charges Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 50 per call Rs 20 per trade

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Kotak Securities Vs Upstox Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Kotak Securities Upstox
Equity Delivery NSE: 0.00325%, BSE: 0.00325% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE: 0.0019% NSE Rs 200 per Cr (0.002%)
Equity Options NSE: 0.05% on Premium NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures NSE: 0.0009%, BSE: 0.00022% NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options NSE: 0.035%, BSE: 0.001% NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% Group A - Rs 290 per Cr (0.0029%)
Open Kotak Securities AccountOpen Upstox Account

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Kotak Securities Vs Upstox Leverage (Margin)

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

  Kotak Securities Upstox
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 Upstox Account

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Compare Kotak Securities and Upstox Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Kotak Securities Upstox
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No Yes
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 3:00 PM
Trading In SME Shares Allowed?
Referral Program Yes
Other Features 3-in-1 account Option strategy builder
Open Kotak Securities AccountOpen Upstox Account

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Kotak Securities Vs Upstox Review

Kotak Securities is rated 2.3 of 5 based on 184 customer reviews whereas Upstox is rated 2.4 of 5 based on 135 customer reviews.

  Kotak Securities Upstox
  184 Customer Reviews    Rate Kotak Securities 135 Customer Reviews    Rate Upstox
Fees 2.4 3.4
Brokerage 2.3 3.4
Trading Platform 3.2 2.6
Customer Service 2.8 2.3
Research Capabilities 2.5 2.2
Overall Ratings Rated 2.3 stars Rated 2.4 stars
Broker Rating Kotak Securities is rated 2.3 of 5 based on 184 customer reviews Upstox is rated 2.4 of 5 based on 135 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Upstox Enquire
Contact Broker Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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Kotak Securities Vs Upstox Investment Options

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

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Kotak Securities Vs Upstox Order Type Offered

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

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Kotak Securities Vs Upstox Research Report

  Kotak Securities Upstox
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 Upstox Suitable For Investor Type

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

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Kotak Securities Vs Upstox - Pros and Cons

  Kotak Securities Upstox
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.
  • Zero account opening fee.
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments including equity delivery.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
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.
  • Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage free equity delivery trades.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
Reviews
Promo / Offers

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Free Account Opening
  • Brokerage-Free Intraday trading
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

Upstox Special Offer

Exclusive offer by Upstox

  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open Kotak Securities AccountOpen Upstox Account

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