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Kotak Securities Vs Zerodha (Compare Kotak Securities and Zerodha)

Kotak Securities Ltd Logo

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

Zerodha Logo

About Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Zerodh... Know more about Zerodha

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Kotak Securities Vs Zerodha

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 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

  Kotak Securities Zerodha
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE, BSE, MCX and NCDEX
Year of Incorporation 1994 2010
Number of Branches 153 22
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Kotak Securities Vs Zerodha Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. Kotak Securities Demat Account AMC Charges is Rs 600 and Zerodha Demat Account AMC Charges is Rs 300.

  Kotak Securities Zerodha
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 600 Rs 300

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Kotak Securities Vs Zerodha Brokerage

Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type Kotak Securities Trade Free Plan Zerodha Flat Brokerage Plan
Fixed Charges
Equity Delivery 0.25% or Rs 20 whichever is higher Rs 0 (Free)
Equity Intraday Free Rs 20 per executed order or .03% whichever is lower
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or .03% 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 .03% whichever is lower
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or .03% whichever is lower
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or .03% whichever is lower
Commodity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or .03% whichever is lower
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.

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 online with Zerodha and start trading today.

Kotak Securities Vs Zerodha Brokerage Plan 2

  Kotak Securities Zerodha
Account Type Dealer Assisted Plan Flat Brokerage Plan
Fixed Charges Rs 499 (One Time)
Equity Delivery 0.39% Rs 0 (Free)
Equity Intraday 0.039% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.039% Rs 20 per executed order or .03% 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 .03% whichever is lower
Currency Options Rs 5 per lot Rs 20 per executed order or .03% whichever is lower
Commodity Futures 0.039% Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 39 per lot Rs 20 per executed order or .03% whichever is lower
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Kotak Securities Charges Vs Zerodha

Minimum Brokerage Rs 21 per executed order 0.03% in Intraday and F&O
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Rs 50 per call Rs 50 per executed order

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Kotak Securities Vs Zerodha Transaction Charges

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

  Kotak Securities Zerodha
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 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE: 0.035%, BSE: 0.001% NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% Group A - Rs 260 per Cr (0.0026%)
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Kotak Securities Vs Zerodha Leverage (Margin)

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

  Kotak Securities Zerodha
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)
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Compare Kotak Securities and Zerodha Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

  Kotak Securities Zerodha
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 Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features 3-in-1 account Direct Mutual Funds, APIs for Algo Trading
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Kotak Securities Vs Zerodha Review

Kotak Securities is rated 2.4 of 5 based on 182 customer reviews whereas Zerodha is rated 3.7 of 5 based on 463 customer reviews.

  Kotak Securities Zerodha
  182 Customer Reviews    Rate Kotak Securities 463 Customer Reviews    Rate Zerodha
Fees 2.3 3.7
Brokerage 2.3 4.2
Trading Platform 3.2 3.6
Customer Service 2.8 3.4
Research Capabilities 2.4 2.9
Overall Ratings Rated 2.4 stars Rated 3.7 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 182 customer reviews Zerodha is rated 3.7 of 5 based on 463 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Zerodha 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 online with Zerodha and start trading today.

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Kotak Securities Vs Zerodha Investment Options

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

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Kotak Securities Vs Zerodha Order Type Offered

  Kotak Securities Zerodha
Bracket Order Yes No
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
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Kotak Securities Vs Zerodha Research Report

  Kotak Securities Zerodha
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 Zerodha Suitable For Investor Type

  Kotak Securities Zerodha
Casual Investor Yes Yes
Active Investor Yes Yes
Trader Yes

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Kotak Securities Vs Zerodha - Pros and Cons

  Kotak Securities Zerodha
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.
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is 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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
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Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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Zerodha Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

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