Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2020


18.32% 676,563 Clients

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 customers. They corporate members with the Bombay Stock Exchange and the National Stock Exchange. They are also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

Kotak securities offers three-in-one account which allows investor to open demat, trading as well as a bank account together with Kotak Mahindra Bank Limited. One can open those account independently or at the same time under one umbrella with a single application form. Using 3 in 1 account client won't have to manually transfer money to trading account from the bank f=.account. The required funds get credited automatically. So it's easy to manage. Once your;- account open you can trade in Equity, IPO, Mutual Fund, ETF, Tax free bonds, Currency Derivatives, Gold ETF etc.

Kotak Securities Open Account

  1. Fill online Contact Us form on Kotak Securities web site. Enter your name, phone number, email address, city and submit the form. Once the form submitted, one of Kotak securities representative will contact you.
  2. Download the forms from their website, fill in the required details,  and submit it to their registered office.

Kotak Securities Account Opening Form, Name Change Request Form, Kotak Securities Account Closing Form etc. are available on their website. One can fill the form as per their requirement and submit it to their registered office.

Kotak Securities Special 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.


Account Types

Kotak offers different account types according to users requirement:

  1. AutoInvest

    AutoInvest is a unique Online Trading Account which provide investment planning in Gold ETFs (Exchange Traded Funds), Equities and Mutual Funds to their customers. Gold ETFs are mutual fund schemes that will invest the money collected from their investors in standard gold bullion.

    Kotak's advisor gives the recommendation according to investor's risk capability and investment plans. Minimum investment of Rs 5000 required for AutoInvest account.

  2. Kotak Gateway

    Kotak Gateway account opens the gateway to a world of investing opportunities for beginners. Kotak Gateway user can trade anywhere, anytime using internet. Kotak also offers call and trade facility. Investor can also trade Currency Derivative using Kotal gateway account.

    Kotak Securities provide SMS alert, research report, free news and market updates to the account holders. Best feature of Kotak gateway is call and trade facility. Anybody can activate Kotak Gateway account with any amount between Rs 20,000 to 5, 00,000. This can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .023% for more then 25 crores.

  3. Kotak Privilege Circle

    Kotak Privilege Circle is the premium investment account offed by Kotak Securities. Along with Kotak Gateway account benefits Kotak provides independent market expertise and support through a dedicated relationship manager and a dedicated customer service desk which provides assistance in opening accounts, handling day-to-day problems, and more. They provides KEAT premium which is an exclusive online tool that lets you monitor what is happening in the market and view your gains and losses in real-time.

    One can activate Kotak Privilege Circle account with any amount more than Rs. 10,00,000 as margin, by way of cash or stock. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .03% for more then 25 crores.

  4. Kotak Freedom for Mutual Fund Investments.
  5. Kotak Super Saver, a Flat Brokerage and a Low Margin account.
  6. PMS (Portfolio Management Service), an account for people who need an expert to help to manage their investments.
  7. NRI Account, a online trading an investment account for NRI investors.
  8. Trinity Account [3-in-1 Account]

    Trinity Account is an integrated account that helps investors enjoy the benefits of a Online Trading Account, Bank Account, Demat Account on a single platform for your securities transaction. This account gives convenience of fund transfer and online trading.

    Kotak 3-in-1 Account


Kotak Securities Charges 2020

  • Trading Account Opening Charges (One Time): ₹750
  • Trading Annual maintenance charges (AMC): ₹0
  • Demat Account Opening Charges (One Time): ₹0
  • Demat Account Annual Maintenance Charges (AMC): ₹600 per annum

Trading Brokerages:

1. Fixed Brokerage Plan

Kotak Securities Fixed Brokerage plan is specifically created to the suit the needs of newbies or infrequent traders.

Trading Segment Brokerage Charges
Equity Cash Delivery0.49%
Equity Cash Intraday0.049%
Equity Futures (Both Sides)0.049%
Equity Options₹300 Per Lot
Minimum Brokerage4 paise for delivery and 3 paise for Intraday and Futures orders

2. Dynamic Brokerage Plan

Kotak Securities Dynamic Brokerage Plan is specifically created for those Customer who are frequent traders and looking for a good bargain on their brokerage rates.

Trading Segment Brokerage Charges
Equity Cash Delivery0.59% to 0.30% (For trading amount of '< 1 lakh' to '> 50 lakhs')
Equity Cash Intraday0.06% to 0.05% both sides (For trading amount of '< 25 lakhs' to '> 25 lakhs')
Equity Futures Intraday0.07% to 0.05% both sides (For trading amount of '< 2 crores' to '> 2 crores')
Equity Futures Settlement0.09% to 0.073% both sides (For trading amount of '< 2 crores' to '> 2 crores')
Equity Options Intraday2.5% to 1.8% both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Equity Options Settlement2.5% to 2.3% both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Options Minimum (Settlement)₹300 to ₹180 both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Currency Futures0.04% or ₹20 per lot, whichever is higher to 0.015% or ₹7.5 per lot, whichever is higher (For monthly volume of '< 3 Cr' to '> 30 Cr')
Currency Options ₹20 per lot to ₹7.5 per lot (For monthly volume of '< 3 Cr' to '> 30 Cr')

3. Free Intraday Trading (FIT) (₹999 Plan or Unlimited Trading Plan)

Kotak Securities Free Intraday Trading (FIT) offers free unlimited intra-day equity trading across segments like Equity Cash, Equity Futures & Equity Options for a yearly fee of ₹999. This unlimited trading plan is available for Equity Intraday Trades only. Note that Equity Delivery, Currency and Commodity trading are not covered in this plan.

₹999 Plan Key Facts:

  • Free trading is only available in Equity (Cash and F&O) Intraday segment.
  • Customers still have to pay regular brokerage for Equity Delivery, Commodity, and Currency trading. Note that Kotak Securities regular brokerage is extremely high in comparison to discount brokers like Zerodha or ProStocks.
  • This price plan only available for online trading. Call & Trade or using trading desk or trade though dealers are not an option in this plan.
  • The price of this plan is ₹999 per year paid up front.
  • Customers will have to provide margins as per the agreement with Kotak Securities. Unlike most brokers, Kotak doesn't provide high margins.
  • FIT cannot be used by ODIN Diet clients. The mobile trading app, TradeSmart terminal, and website based trading are available under this plan.
  • In case you rollover your position beyond the day, the trade gets converted into a delivery trade, in which case, the brokerage will be charged. This could cost a trader lot money.

Kotak Securities Minimum Brokerage:

  • Cash Delivery: 4 paise per share, OR ₹21 per executed order, whichever is higher
  • Intraday: 4 paise per share, OR ₹21 per executed order, whichever is higher
  • Equity Futures: 4 paise per share subject to ceiling of 2.5% of contract value

Kotak Securities Demat Account Charges:

Sr Account Head Rate Minimum Payable
1 Dematerialisation ₹50 per request and ₹3 per certificate -
2 Rematerialisation ₹10 for 100 shares ₹15
3 Debit Transactions - On Market and Off Market 0.04% of the value of securities (Plus NSDL charges as applicable) ₹27 (Plus NSDL charges as applicable)
4 Account Maintenance Charges
  • Resident Indian
  • NRI
  • ₹50 per month
  • ₹75 per month
--
5 Pledge Charges 0.05% of the value of securities ₹30
6 Invocation of Pledge 0.04% of the value of securities ₹30
7 Charge for Client Master change intimation ₹25

Useful Articles:

Visit Kotak Securities Brokerage Charges Review for more detail.

Special Offer: Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.

Kotak Securities Online Account Opening

There are 3 simple ways to open an account with Kotak Sec:

  • Call at one of the below number and ask to open an account with them.
    Toll Free No.: 1800-222-299, 1800-209-9191
  • Visit one of their nearest branches.
  • Fill online account application form on Kotak Securities website.


Kotak Securities Trading Software (Kotak Securities Trading Platforms)

Kotak Securities offers multiple trading platforms to suite investor's requirement. Following are the trading platforms available by Kotak Sec:

  1. Website Based Trading - A stock treading website which can be accessed though any popular Web Browser. This is the most convenient and popular way to invest with Kotak Securities. Kotak also offers a light weight trading website 'Xtralite', which can be used by investors with slow speed internet.
  2. Trading Terminals (KEATProX and FASTLANE) - Kotak offers two different trading terminal based application which are very popular among stock traders. KEATProX is an exe based installable desktop application providing fastest trading experience. FASTLANE is a Java applet based application which gives you a trading terminal kind of experience without any installation on your computer. FASTLANE gives KEATProX like features and the benefits of website based trading as it can be access from anywhere though web browser.
  3. Mobile Stock Trading - Kotak offers high speed mobile based application to trade in Stock Market. Through this mobile app, a customer can Execute Trades, Monitor Portfolio, View Streaming Quotes and Intraday Charts.
  4. Branch Advisory and Call & Trade - Kotak also offers trading facility though its 1400+ branches and though call centers using call & trade facility.

 

Visit Kotak Securities Trading Software Review for more detail.

Contact Kotak Securities / Request Call Back

Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.

Name:Phone
EmailCity
State
Are you a day trader?

Kotak Securities Pros and Cons


Kotak Securities Pros (Advantages)

The following are the advantages of Kotak Securities. You must read Kotak Securities advantages and disadvantages before opening an account with Kotak Securities. Kotak Securities pros and cons help you find if it suits your investment needs.

  1. Kotak Securities website provides wide range of investment options. This includes investment in equity, IPO's, Bonds, FD's, ETF's, Mutual Funds, Currency Derivatives etc.
  2. Along with the online trading facility, customer gets access to 1400+ branches for help on investment and issue resolution.
  3. Kotak Securities provide daily SMS alerts, market pointers, periodical research reports, stock recommendations etc. to help the customers.
  4. Online Chat facility is available to support customer.
  5. Kotak security offers easy integration of trading account with Citibank, HDFC Bank, UTI Bank and Kotak Mahindra Bank.

Kotak Securities Cons (Disadvantages)

The following are the cons of Kotak Securities. Check the list of Kotak Securities drawbacks.

  1. Kotak Securities is a Full Services Broker. The brokerage charged by them is higher than the Discount Brokers.

Kotak Securities Ltd Enquiry Form

Kotak Securities Margin / Exposure

Kotak Securities leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery1x (no margin)
Equity Intraday50 times
Equity Future12 to 15 times
Equity OptionsSelling: 200 times | Buying: 10 times
Currency FutureNA
Currency OptionsNA
Commodity FutureNA
Commodity Options

Visit Kotak Securities Margin Review for more detail.


Kotak Securities Ratings

Overall Rating Rated 2.5 stars 2.5/5
Fees Rated 2.4 stars 2.4/5
Brokerage Rated 2.3 stars 2.3/5
Usability Rated 3.3 stars 3.3/5
Customer Service Rated 2.9 stars 2.9/5
Research Capabilities Rated 2.7 stars 2.7/5

Based on 160 Votes by Kotak Securities Customers

Do you trade with Kotak Securities? Rate Kotak Securities


Kotak Securities Complaint

The number of Kotak Securities customer complaint received by the exchanges. The Kotak Securities consumer complaint report helps understanding the Kotak Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 676,563 165
BSE 2020-21 141,971 5
NSE 2019-20 571,806 151
BSE 2019-20 141,565 21
NSE 2018-19 435,201 178
BSE 2018-19 97,102 21
NSE 2017-18 368,638 200
BSE 2017-18 167,450 35
NSE 2016-17 273,895 123
BSE 2016-17 111,297 22

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Kotak Securities Complaints at BSE, NSE and MCX for detail report.


336 Comments

Haresh Kumar Shukla
336. Haresh Kumar Shukla  Oct 22, 2020 17:00 I Like It. | Report Abuse Reply
Third class BROKERAGE house. login issues are not solved in 10 days. Every time new person comes and asks for PAN, ADDRESS ETC.
BUT RESULTS. TIRED OF THIS BOOLSHIT COMPANY.
B
335. B  Oct 6, 2020 14:59 I Like It. | Report Abuse Reply
The most horrible service ever. They have no understanding of how even a few days affects their customer because hello it's the market ?? Very unprofessional approach . Horrible horrible ! Really bad service . I think I'll run out of space to say bad stuff about their service. DO NOT OPEN AN ACCOUNT HERE EVER!!

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Prakash Khushalani
334. Prakash Khushalani  Oct 5, 2020 13:05 I Like It. | Report Abuse Reply
One of the worst brokerage firms in India. Charges very high brokerage & one of the worst customer care support. Do not open account over here.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
TS
333. TS  Sep 21, 2020 13:36 I Like It. | Report Abuse Reply
Very high other and hidden charges. You may end up paying more brokerage than you will earn in the trade.

Ratings: NEVER GO FOR KOTAK SEC. IF YOU HAVE THEN SWITCH TO PAYTM MONEY GROWW OR KUVERA

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
ganesh
332. ganesh  Sep 20, 2020 17:37 I Like It. | Report Abuse Reply
Hidden charges are very high. In my transaction statement lot of charges which was not reasonable.
I'm getting profit in stocks but getting loss in their too much charges


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Very Poor
d
331. d  Sep 16, 2020 21:27 I Like It. | Report Abuse Reply
satisfactory services by kotak securities.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Rahul
330. Rahul  Sep 14, 2020 22:50 I Like It. | Report Abuse Reply
Very high other and hidden charges. You may end up paying more brokerage than you will earn in the trade.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Sushant Gupta
329. Sushant Gupta  Sep 7, 2020 21:32 I Like It. | Report Abuse Reply
I am having a trading account no ETP Z0.On 26 th August 2020 i transferred Rs 30000/ only from my saving account in Kotak Mahindra Bank to trading account as i wanted cash in my ledger as i intended to purchase shares.But somehow i changed my plan and did not purchased any shares.I just now checked my ledger and i was shocked to see the amount is not there in my ledger . Kindly look into the matter urgently.Never believed such mistake can occur in Kotak Securities.
An early reply would be highly appreciated.Thanks.
Mayuresh
328. Mayuresh  Sep 1, 2020 18:20 I Like It. | Report Abuse Reply
Kotak is tooo costly... in comparison to zerodha 5 paise etc.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Very Poor
vs shanavas
327. vs shanavas  Aug 28, 2020 14:50 I Like It. | Report Abuse Reply
they are just frauds in disguises. don't fall for it.
vs shanavas
326. vs shanavas  Aug 28, 2020 14:47 I Like It. | Report Abuse Reply
average trading platform, very poor customer care, don't feel they are honest and professional.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
rajiv kumar
325. rajiv kumar  Aug 27, 2020 19:28 I Like It. | Report Abuse Reply
they have hidden charges like "other charges" which it charges both in contract notes and in ledger.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Rajiv Kumar
324. Rajiv Kumar  Aug 24, 2020 10:34 I Like It. | Report Abuse Reply
Kotak Securities has many hidden and illegal charges. As per their website including its example of trading, it do not mention 'other charges'. But they charge 0.04% other charges as per their contract note/schedule of charges. This is in addition to brokerage, GST, STT etc. Over and above they deducted 'other charges' in every trade from my fund with them as reflected in ledger. Customer service/explanation is befooling to say the least.
Trinity a/c is name sake since no pay out seemlessly as claimed by it.
Mriganka Das
323. Mriganka Das  Aug 4, 2020 18:45 I Like It. | Report Abuse Reply
Intraday and Delivery Charge very High brokerage 21/-
Other Broker very low Charge Intraday and Delivery also
So take necessary action and limited charges

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
Disha Shah
322. Disha Shah  Aug 3, 2020 17:43 I Like It. | Report Abuse Reply
Intraday minimum brokerage 21/- ist not use full
Not supposed coustmer service
I changed jainam Shar

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
jasbir   singh
321. jasbir singh  Jul 22, 2020 08:45 I Like It. | Report Abuse Reply
aap delivery ka 15 paise intraday ka 0.15 paisa keh kar 32 rupees dono side ke laga diye maine sobha ke 10 share buy kiye the and 10 sell kiye the and brokerage lag gay 32 rupee aise to bilkul dhokha hua hai

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Average
Overall Experience - Very Poor
Mathura Prasad
320. Mathura Prasad  Jul 21, 2020 16:13 I Like It. | Report Abuse Reply
Its very convenient to trade through kotak securities, but brokerage is very high in comparison to so many other companies which are offering very nominal rather negligible brokerage. I generally deal in options , for which brokerage charged by Kotak securities is very high and thus my margin is reduced to minimum.Thanks

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Average
Pooja
319. Pooja  Jul 6, 2020 17:57 I Like It. | Report Abuse Reply
High brokerage charges

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Average
ALKESH RABADIYA
318. ALKESH RABADIYA  Jul 4, 2020 09:45 I Like It. | Report Abuse Reply
CUSTOMER SERVICE IS VERY VERY BAD BECAUSE MY PROBLEM 12 DAY BUT NOT SOLUTION NOW AND RESPOND, AND DEMAT ACCOUNT APPLICATION IS BAD BECAUSE TRADING AFTER 5 DAY APPLICATION WORKING AND NOT PROPER MENTION THE YOUR BALANCE AVAILABLE AND PROFIT LOSS.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Uma Kant Bajpai
317. Uma Kant Bajpai  Jun 25, 2020 14:22 I Like It. | Report Abuse Reply
Intraday brokerage excess charged e g rs 4.33 on 1 share of value rs 174/-

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Below Average

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