Free Trading + Demat Account

Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2019


1.9% 443,461 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.

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 Ratings

Overall Rating Rated 2.6 stars 2.6/5
Fees Rated 2.5 stars 2.5/5
Brokerage Rated 2.4 stars 2.4/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.0 stars 3.0/5

Based on 135 Votes by Kotak Securities Customers

Do you trade with Kotak Securities? Rate Kotak Securities

Information about Kotak Securities account opening, Kotak Securities open account, Kotak Securities opening charges, Kotak Securities account opening charges, Kotak Securities account opening status, Kotak Securities amc charges, Kotak Securities account charges, Kotak Securities account closure


Kotak Securities's 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.

Read Kotak Securities Trading Software Review for info about Kotak Securities platform, Kotak Securities trading platform, Kotak Securities trading software, Kotak Securities trading demo, Kotak Securities Demo, Kotak Securities download, Kotak Securities software download, Kotak Securities software, Kotak Securities stop loss, Kotak Securities trading and Kotak Securities trading account.


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 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.


Kotak Securities Brokerage Charges 2019

  • 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:

Check out Kotak Securities Brokerage Charges, Fees, AMC, Transaction Charges. Get detail about Kotak Securities pricing, Kotak Securities brokerage calculater, Kotak Securities brokerage, Kotak Securities plans, Kotak Securities brokerage review, Kotak Securities brokerage plans, Kotak Securities fund transfer, Kotak Securities intraday brokerage, Kotak Securities charges, Kotak Securities charge list, Kotak Securities charges calculator, Kotak Securities prepaid brokerage plans, Kotak Securities yearly charges, Kotak Securities fees, Kotak Securities yearly maintenance charge, Kotak Securities option brokerage and Kotak Securities trading charges.


How to open account with Kotak Securities Ltd?

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.

Read Kotak Securities Account Opening Process Review to find information about Kotak Securities broker, Kotak Securities branches, Kotak Securities sub broker, Kotak Securities support, Kotak Securities customer care, Kotak Securities user reviews, Kotak Securities user manual, Kotak Securities website, Kotak Securities review and Kotak Securities toll free number

Contact Kotak Securities / Request Call Back

Name:Phone
EmailCity
State
Are you a day trader?

Kotak Securities Pros and Cons

Kotak Securities Advantages

  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 Disadvantages

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

Kotak Securities Exposure Margin

Kotak Securities leverage for intraday, delivery, options, currency and commodities. Read Kotak Securities exposure limit review.

SegmentExposure Margin
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

Kotak Securities Complaints received at BSE/NSE

Number of customer complained against Kotak Securities Ltd share broker. The Kotak Securities Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Kotak Securities Customer Complaints

Exchange Financial Year Number of Clients * Total Complaints **
BSE 2019-20 51,029 11
NSE 2019-20 443,461 32
BSE 2018-19 97,102 21
NSE 2018-19 435,201 178
BSE 2017-18 167,450 35
NSE 2017-18 368,638 200
BSE 2016-17 111,297 22
NSE 2016-17 273,895 123
BSE 2015-16 104,710 32
NSE 2015-16 246,945 140
BSE 2014-15 71,018 24
NSE 2014-15 268,459 151
BSE 2013-14 789,341 38
NSE 2013-14 223,280 188
BSE 2012-13 712,313 46
NSE 2012-13 674,160 197
BSE 2011-12 625,312 85
NSE 2011-12 617,855 163

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

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

Enquiry Form


290 Comments

Rajan
290. Rajan  Jul 29, 2019 21:28 Reply
I'm used & using Angel broking, Astha trade, zerotha, Karvy, Upstox,Kotak securities.
But, kotak app very worst app.
Very very high brokerage intraday charges. I'm not recommend.
Go and open simple trading app In your own research.
Low brokerage, customer service provider.
Sreenath
289. Sreenath  May 23, 2019 06:10 Reply
Its beokarage charge is very high as we noticed contrct note..Kindly look in to that changes to have customers more active...for small investors that may cost more when we are buying small number of orders with small amount.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
Sai
288. Sai  May 14, 2019 20:15 Reply
Brokerage is high...we need to maintain min. 1000rs .... annual maintenance fees is tooo high

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Below Average
RSN MURTHY
287. RSN MURTHY  Apr 24, 2019 21:37 Reply
KOTAK SECURITIES CHARGES ARE VERY HIGH THEY WILL EAT ALL YOUR MONEY AND FINALLY YOU WILL BE AT HUGE LOSS

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
investor
287.1. investor  May 9, 2019 16:01
18% heavy interest on outstanding.
Karumuri
286. Karumuri  Apr 17, 2019 21:48 Reply
I don't even recommend this kotak securities, they charge us money more than other dmat a/c   . and they don't tell us abt this charges before.first they will say all are free   and later they will charge money .uh happy with kotak securities . best to go with other a/c's

These are charges sent to my mail by kotak securities :
Dear Sneha Karumuri

Thank you for giving us an opportunity to assist you.

As per our telephonic conversation we wish to inform you that the brokerage structure for your account is as follows:

A) BROKERAGE:

1) Cash Segment:-

Brokerage calculation for cash segment is Quantity*Price per share*brokerage %, where rate of brokerage is as follows

Delivery: 0.3% of transaction value or Minimum 0.03 Paisa per share or Rs. 21 on both the sides (whichever is higher)

Intraday: 0.03 % of transaction value or Minimum 0.03 Paisa per share or Rs. 21 on both the sides (whichever is higher)

However, at any point of time the amount will not exceed the exchange prescribed limit which is as under:

The maximum brokerage chargeable by a Trading Member in relation to trades effected in the securities admitted to dealings on the Capital Market segment of the Exchange shall be 2.5 % of the contract price exclusive of statutory levies.

It is hereby clarified that where the sale / purchase value of a share is Rs.10/- or less, a maximum brokerage of 25 paisa per share may be collected. (Applicable to cash segment only)

Further, Brokerage will be applicable as per your brokerage slab.

Further, the brokerage generated can be checked in the contract notes as well as in the ledger.

www.kotaksecurities.com > Login to trade > My Investment > Transactions History > Contract notes

www.kotaksecurities.com > Login to trade > Reports > Simplified Ledger > my ledger

www.kotaksecurities.com > Login to trade > My Investment > Transactions History > Ledger

Below is the mention path were you can view the example of brokerage calculation:

www.kotaksecurities.com > Login to trade > Customer Service > FAQs

B) STT AND OTHER CHARGES:

Also, whenever, the transactions (Buy/Sell) are done in your account, the brokerage is applicable along with GST, Securities Transaction Tax and Other charges for the same.

Further , GST is charged at the rate of 18% of brokerage on Transaction charges. (from 1st July 2017 GST will be charged at 18%)

Securities Transaction Tax (STT) on the securities market transactions is as under:

STT @ 0.1% on all delivery (purchase and sale) trades in cash market.
STT @ 0.025% on sell leg of all non-delivery trades in the cash market (Equity Shares and units of Equity Oriented Funds)
STT @ 0.001% on sell leg of delivery trades in Equity Oriented Funds.
STT @ 0.01% on sell trades in the futures contracts
STT @ 0.05% on sell trades in the options contracts
STT @ 0.125% on buy trades in the options contracts when the option is exercised -- GST, STT and other statutory charges are as per current rate.

Below is the rate of other charges:

Other Charges - Cash segment - 0.0236%
Other Charges - Equity Derivative segment(Futures) - 0.004897%
Other Charges - Equity Derivative segment(Options) - 0.062717%

Note: Stamp charges for Options is charging on Strike & premium Turnover.

We would like to clarify that other charges represents a consolidated charge towards providing various value-added services such as Trade Confirmation SMS, Electronic account access, Portfolio Tracker, access to research reports, market news SMS and towards defraying Member's Statutory/Regulatory liability for the client's trades.


The BSDA account holder will be levied AMC as per regulatory norms i.e. for stock valuations upto Rs.50,000/- NIL AMC and for valuations from Rs.50,001 to Rs. 2,00,000/- yearly AMC of Rs.100/-, plus applicable taxes.

Also, the Depository Bill includes charges under various other account head such as Dematerialization, Rematerialization, Market Transactions (Sell), Off Market Transaction (Sell), Account Maintenance Charges, Pledge Charges, Invocation Of Pledge, Borrowing Of Securities, Custody Charges and Charges for Client master change intimation.

The Debit Transaction Charges for customers with Basic Services Demat Accounts (BSDA) If he Sells or Transfer any stocks from K-sec Demat account than Charges Applicable for shares outgoing would be Rs.44.50 + Rs.4.50 (NSDL Charges) or 0.06% + Rs.4.50 (NSDL Charges) whichever is higher.

Note : * + 18 % GST

Thirdly, For any delay in payment of outstanding dues in the account, interest @ 23 % p.a(gst 18%) is charged on the debit balance.

The same is calculated on daily basis as below:

Amount of Debit * Interest Rate applicable * No. of days / 365

For Example: If you hold a debit of Rs. 50,000 in your account for 3 days and the Rate of interest is 23 %, the interest amount will be calculated as below:

(50,000 * 23 %) * (3/365) = 94.5205

You can refer the schedule of charges for your account through below online path:

www.kotaksecurities.com > Login to trade > Customer service > Schedule of charges.

For any further assistance you may call us on our customer service numbers mentioned below: 1860 266 9191
Or you may write us back at service.securities@kotak.com
We trust that your query has been addressed satisfactorily.


Regards,
Monisha Naidu
Kotak Securities Customer Care



Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
GAURAV SINGH
285. GAURAV SINGH  Mar 16, 2019 12:17 Reply
I HAVE ACCOUNAT IN KOTAKE SECUIRTY
I HAVE VERY BAD EXPERIENCE WITH KOTAK SECUIRTY
HIS RM REALLY VER BAD THEY NEVER HEL THE CUSTOMER
WHEN THE CUSOMER FACE THE LOSS THEY SAY SORRY IN A VERRY SIMPLE WAY
IF YOU ARE THINKING THAT IAM TOLD A LIE THE I AM SHARE A NO
THE NO IS 011244135512 NAME IS RAKESH SHARMA FROM GURGOAN.

THIS RM IS VERY CHEATED PERSON HE ALWAYS SHOW HIS PROFIT AND NOTHING ELSE
AND HIS CUSTOMER SERVICE IS VERY POOR ALSO I HAVE 1 YEAR EXPERIENCE WITH KOTAK AND OVER ALL EXPERIENCE I NEVER PREFER THIS BANK
SWASTIKKA IS VERRY GODD AND 5 PAISA IS ALSO GOOD
BUT NEVER OPEN IN THIS FERM

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Ramachandran
284. Ramachandran  Mar 14, 2019 16:45 Reply

****If you wish worst experience, mental harassment, monetary losses you can go with kotak securities...(TATABAD Branch- Coimbatore). Staff does not take responsibility, also dumb peoples are working in Help services without having any knowledge about the product and services, misguide to customer.

Kotak Group, If you dont care about your customers after they join no one is going to trust you, why you make false promises?
subrahmanya chari P
283. subrahmanya chari P  Mar 12, 2019 11:35 Reply
Trading charges for delivery is very high small investers can't use this . For example if a I want to but some stocks for 1000 RS I need to pay 21 RS as brokerage which will come around 2.1% buy and sell will take approx 4.2%, Small investors it is will be very high charges I feel

Regards
Subbu

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Below Average
Dinesh
282. Dinesh  Mar 9, 2019 22:44 Reply
Same day pay out not possible (T+1)
R Santhi
281. R Santhi  Feb 8, 2019 21:29 Reply
Kotak securities have looted my money for god sake don't open account with kotak
Dmat ac JP6D0
R Santhi

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Vindhya
280. Vindhya  Jan 29, 2019 20:43 Reply
Kotak securities don't follow its debator

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Kuldeep Rajput
279. Kuldeep Rajput  Jan 20, 2019 19:11 Reply
Overall nice experience...

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Kishore
278. Kishore  Oct 1, 2018 15:14 Reply
Service very poor.statements not sending.illegal deductions.a/c locks when market is good.tips are not accurate.trading desk no not lifting.personal no refused by executives.shares selling without permission of client.I asked to open free trading but your executive opened chargiable ac and deducted 1176 rs.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
rakesh sharma
277. rakesh sharma  Oct 15, 2018 17:33 Reply
They providing wrong information and commitment to client. Also dumb peoples are working in HELP services, without having any knowledge about the product and services, misguide to customers... :( bullshit!!!!

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Vinit Kumar Golechha
276. Vinit Kumar Golechha  Oct 13, 2018 15:40 Reply
None of the charges were explained while opening account
Staff does not take responsibility
Cost is trading is extremely high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
SAURABH SAIGAL
275. SAURABH SAIGAL  Sep 23, 2018 07:35 Reply
THEY TRADE IN TOUR ACCOUNT THEMSELVES WITHOUT INFORMING YOU AND OTHER AND STATUARY CHARGES ARE EXORBITANT. DO NOT OPEN A/C WITH THEM

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
MANISH SAXENA
274. MANISH SAXENA  Aug 25, 2018 15:20 Reply
Recently I opened an account with Kotak Securities on dated 24/07/2018 and realised within 15 days that I opted worst broker. And till date I trade around 6 crores, Following are my experience til date,

* This is my first time to trade in equity market before this I don't know about share trading, I was only investing in mutual funds and FD's, But Kotak Security People told me that you will minimum earn 12% of your amount in a month with our guidance, we will give you full-fledged services like, 1. Teach you for trading 2. Full time CRM provide to you for trade, 3. Daily Guideline for Investment and trade by CRM. till date they people visited 3 to 4 times at my place to save their job for their mistakes and made heavy losses.

1. Agent visited me for account opening process said that they will open my Premium account as I have lot of Saving and current accounts in Kotak Bank and give me a dedicated Relationship Manager to handle my account and guide me how to trade in market and also he will trade on behalf of me and provide K3 account with kotak, so you can directly transfer amount immediately both. and you will earn minimum 12% per month on your parked amount assured by CRM at my home and convince me to trade in share market.

2. We start trading and I told them that I will prefer work on only delivery base but CRM told me that he has 10 years of experience and will manage all the thing don't worry, we will trade in Intraday and futures also.. and after start trading I realise that the Brokage charges are too high that was .49 paisa each side for delivery and .049 paisa for Intraday.

For example (DELIVERY) If you Buy a Share of Reliance in 1116.85 than Net realisation cost for you is min.Rs.1133.14 approx.
so, if total expense on share is 16.29 paise in that KOTAK Commission amount is Rs. 11.02 Excluding tax ( Rs. 13.00 Incl.tax ). Result if you sell your share in Rs.16.29 higher of purchase price ; KOTAK EARN RS. 11.02 and YOU EARN RS. 00.00.
(INTRADAY) Buy Price 1116.85 and sell price 1118.85 ( Rs.2 high) than KOTAK EARN RS. 1.09 and YOU EARN RS. 00.00.
** Extremely High Charges with Worst Service ( I lost Very Heavy Amount due to trust on kotak people and CRM). ( Screen shot attached)

3. I am using Mac & IOS. Download Keatprox in mac and Trade smart in Ipad and Iphone, the problem is system hang in mac and frequently logout in all mac & ios. so lot of time when you going to square off or Purchase the system will hang or log out. result incurred looses. I REPORTED TO MY CRM AS WELL KSEC OFFICER AT MY HOME THEY TOLD ME THAT ( THEY ARE HELPLESS IN THIS ISSUE IT'S FOR SECURITY PURPOSE AND ALL TRADING PORTALS ARE SAME SO NO MEANING TO MAKE COMPLAINT).
** KSEC Only concerned with their profit not concerned customer looses... Worst Portal... worst policy... only worst kotak can do...

4. Heavy Charges, Wrong Trading by CRM, Wrong Commitment, Hidden Charges like intrest, share transfer charges etc extra, wrong trade advice by CRM, only concerned for turn over to make there own and company commission .Just for sake of brokerage they are executing large volume of trade.
*** If you wish Worst Experience, Mental harassment, Monetary losses. you can go with KOTAK SECURITIES...

5. From my K3 trinity kotak account they transfer amount without my permission unnecessarily, already surplus amount in my demat account and when I call to KSEC people they replied that its system error we will make reversal, One more incident yesterday happened at evening at 7;28 pm.
*** Kotak Bank is also involve this, today I call Bank manager and reported issue and now I will close my all kotak accounts... Please stop Making Fraud with customer..
*** YOUR CUSTOMER CARE NUMBER IS NOT WORKING : 1860-266-2666..
LOTS OF ISSUE I AM THINKING TO SUE KOTAK...( Also thinking to involve media )

Kotak GROUP, If you don''t care about your customer after they join no one is going to trust you. Why you make false promises? Why Make Fraud in the way of system error?
Please stop making fool to the people, I am writing this here after failed to get response from any other medium KSEC people not giving phone number and email id's.
Highly disappointed with Kotak Securities as will Kotak Bank.

Manish Saxena
Nityanand Pai
274.1. Nityanand Pai  Sep 7, 2018 17:43
I endorse your sentiments. I too have similar experience.
Sajid Bagwan
273. Sajid Bagwan  Aug 27, 2018 01:11 Reply
Also charged for announced free intraday trading. Provide intraday tips usually after 11 am. Brokage charges for intraday goes to near about 60 pause par share which is very high.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
bhupendra s shah
272. bhupendra s shah  Aug 22, 2018 14:46 Reply
they do not directly debit my linked bank account when i purchase shares.hdfc securities are
follwing this practise.so i do not have to pay penalty if i forget to pay for share purchase.
this is the biggest drawbak.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
Anoop
271. Anoop  Aug 2, 2018 18:35 Reply
Very poor customer services, 9:15_9:30, 3:15_3:30 server down issues. Unnecessary deductions.who all are using Kotak securities plz vigilant.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Raman
271.1. Raman  Aug 22, 2018 07:08
File a complaint with SEBI on SCORES forum, search for SCORES SEBI on Google or visit www.scores.com enter your details and file complaint.

Enquire Kotak Securities Trading Account

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