Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2020


5.77% 604,820 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.

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.


Kotak Securities Trading Software

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 2.5 stars 2.5/5
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 2.6 stars 2.6/5

Based on 152 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 2020-21 604,820 56
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
NSE 2015-16 246,945 140

* 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.


319 Comments

Pooja
319. Pooja  Jul 6, 2020 17:57 I Like It. | I Don't 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. | I Don't 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. | I Don't 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
Prasad Shetty
316. Prasad Shetty  Jun 25, 2020 10:31 I Like It. | I Don't Like It. | Report Abuse Reply
Guys, This is truly a SCAM. They got a worst trading platform which is slow as hell. There are nothing but running a scam platform.
I will share one of my infinite bad experience with Kotak Securities.
I usually trade Nifty options.
End of Tuesday i.e 16/06/2020 - I had 35,239 balance left in my account.
End of Wednesday i.e 17/06/2020 - I had 13,072 balance left (because I lost 21,821+other charges.)
Thursday morning i.e. 18/06/2020 - I should have started with a balance of 13,072.

Instead, I started with 35,239 (which is Tuesday's balance).
This allowed me to buy 10 lots of Nifty. Total premium was 32,321
This order went through because I had 35,239 in my account. I remember seeing 35,239 as margin available in the order receipt
So, the calculation is: 13,072(my actual balance) - 32,321(premium) - 75 - 22 = 19,346. This is very straightforward.
75 & 22 are other charges and STT.

Next day, when I received the text message stating -19,346. I went to see the ledger and realized I got fooled.
System did not update the right balance amount in my account and it did let me buy more than I could afford.
I was already so mad about Kotak Securities platform for several other issues I was facing and now this.
In my 4 years of trading career (mostly in USA) I have never faced such issues.

Your Customer support team keeps telling me it's because of the margin.
Even after all this detailed explanation. If you think its margin, I would like to challenge you.
I will deposit 30,000 so that I have around 10,700 left.
I will try to take a trade. If am not allowed to buy options, of premium worth of more than 10,700. Will you refund me the total amount?

This is really outrageous and frustrating. I would not pay unnecessary amount which am not responsible for.

Thanks for your patience.






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
Keerthi Kumar T
315. Keerthi Kumar T  Jun 23, 2020 10:11 I Like It. | I Don't Like It. | Report Abuse Reply
Even the customer service is also very bad even they don't have proper knowledge to explain

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
Vivek
314. Vivek  Jun 15, 2020 20:02 I Like It. | I Don't Like It. | Report Abuse Reply
While emphasis on compliance is high (& rightly so), overall responses to customer issues is very poor.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
Shankar Kumar
313. Shankar Kumar  Jun 11, 2020 07:39 I Like It. | I Don't Like It. | Report Abuse Reply
1.This is traditional broker, lack of some of valuable services like auto square off and bifurcation of intraday and delivery.
2.Brokerage is extremely high.
3.No Support from kotak team. Actually they have only account opening team.
This was my worse decision.
Rajat
312. Rajat  May 12, 2020 06:48 I Like It. | I Don't Like It. | Report Abuse Reply
Very very expensive to trade.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Below Average
Ravi Gupta
311. Ravi Gupta  May 9, 2020 15:22 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Brokerage is too much and employees try to avoid talk

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
Dhawal
310. Dhawal  Apr 23, 2020 20:30 I Like It. | I Don't Like It. | Report Abuse Reply
1) Is Kotak provide direct mutual fund option?
2) my seconds question is when I buy mutual fund in Demat account is there in charges of buying mutual fund of every time like if I do sip then is there any changes which I have to paid every time?
Akash
309. Akash  Dec 31, 2015 11:32 I Like It. | I Don't Like It. | Report Abuse Reply
Good Website.
Good Features.

Rates can be competitive.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Average
Overall Experience - Excellent
kotak securities
309.1. kotak securities  Dec 31, 2015 13:54 I Like It. | I Don't Like It. | Report Abuse
Hi Akash,

We are glad to have received your appreciation. Happy Trading!

Regards,
Team Kotak Securities
LNG GOSWAMI
308. LNG GOSWAMI  Apr 17, 2020 09:22 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Very poor service, no responsive app, server not available at crucial point of time, very high charges

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
LNG GOSWAMI
307. LNG GOSWAMI  Apr 16, 2020 09:54 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Very poor and pathetic server. Keeps on hanging. At crucial times it hangs. Suffered loss at many occasions because of your pathetic app

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
adity rana
306. adity rana  Mar 21, 2020 12:25 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Request to close a trading n demat account is reject after around 25 days. Only because these cheaters wants to deduct charges for demat for no reason.

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
Kotak Securities
306.1. Kotak Securities  Mar 21, 2020 14:45 I Like It. | I Don't Like It. | Report Abuse
Hi Adity,
We're sorry to hear about your experience. Please share your client code and registered contact number with us or write to us at ks.escalation@kotak.com. Our team will look into the same and connect with you to resolve it at the earliest.
K.Satish babu
305. K.Satish babu  Mar 19, 2020 14:01 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Very poor service. Your representatives never call. Looks like your company became too fat.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
ARINDAAM BANERJEE
304. ARINDAAM BANERJEE  Mar 11, 2020 22:39 I Like It. 1 | I Don't Like It. | Report Abuse Reply
The customer service of Kotak Securities is pathetic. I am roaming for last one month to change my name spelling in Demat Account but the behaviour of Kotak Securities staff of its Brabourne Road and Russel Street Branch in Kolkata is simply harrasing me. Though i have got updated name in my Pan Card, Aadhar Card and Passport. All my banks have done it within a day--But in case of Kotak Securities I am roaming for last one month. My suggestion to everbody--Please don't open a Demat Account in Kotak Securities. The Employees of this organisation will simply harras you.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
Rolwin R Rodrigues
303. Rolwin R Rodrigues  Mar 4, 2020 07:12 I Like It. | I Don't Like It. | Report Abuse Reply
NO COMMENTS


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
Kotak Securities
303.1. Kotak Securities  Mar 4, 2020 10:21 I Like It. | I Don't Like It. | Report Abuse
Hi Rolwin,
We're sorry to hear about your experience. Please share your client code and registered contact number with us or write to us at ks.escalation@kotak.com. Our team will look into the same and connect with you to resolve it at the earliest.
Suman Garg
302. Suman Garg  Jan 29, 2020 18:20 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Customer service is very poor they did not update the account even after one year. I visit their branch so many time.Most inefficient broker i have e

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
Y. Pavan
301. Y. Pavan  Jan 17, 2020 18:28 I Like It. | I Don't Like It. | Report Abuse Reply
1. Worest services, always stoploss jumps, it is operaters game, if stoploss is hit then it is very good trading flatform but always jumps...
2. number of hidden charges applied namely DP charges BG product charges and so on, per month I'm paying 350rs
3. Customer support very rash
4. I have Angil brokaring when compared with this very neet performance
Friends, you will not see worest services if u are moved into Kotak securities in Kotak Mahindra family...
Choose best one like hdfc securities or Angil brokaring or zerodha...

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
Jaganmohanachsryulu  v
300. Jaganmohanachsryulu v  Jan 11, 2020 22:02 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Dislike & unhappy.mobile app is worest and confused. Zerodha mobile app operate my 5years old boy .albertinsteen also can't operate kotak mobile app.no transparency.

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

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