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 Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one ...
Kotak Securities USP
What makes Kotak Securities different from the competition?
Very very high brokerage for retail investors with the 21/- minimum brokerage of one executed order.
If you invest 1000/-, buy brokarage sell brokarage and DP account ITS SEVEN VERY VERY HIGH).
Then how can you earn profit. If you want to invest 1lack rupees in stock market you won''t invest on only one stock on one day so brokerage is very very high.
Even though you got 10% profit you need to pay 7% brokerage so waste of using it.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Below Average Website Usability - Above Average Customer Service - Excellent Overall Experience - Very Poor
THE WORST COMPANY . I EVER VISITED . THEY ARE TOTALLY FRAUD . KAHENGE KUCH KARENGE KUCH . I BET AAP JO BHI MARJIN INHE DOGE YAKEENAN YE PEE JAYENGE . DACOIT HAI SALE . CHOR
Hi sir I m really very with the services of kotak, however the look of your online trading portal is really very bad.it look like a student of 10th standard has designed it. At least look some other site what website at least you can learn from them. Please improve it if you really wanna customer to be with you.
I am going to close my 1 year old account with Kotak, they are charging 4 times more brokerage on small scrips below 10rs. Its better to open account with discount brokers.
130. Pink Moni Bordoloi|| Link|October 3, 2014 5:46:23 PMReply
hi, i want to know about a 3 in 1 trading accont plz guide
I wanted to open an Trading account. So choose to go with Kotak and now I am repenting for this decision. I was told that my account will be activated in 8 days and I paid full money.. today is 40th day.. DP account is opened but they are HARASSING me for activating my trading account.. Pathetic Brokerage firm.. PLS DONT GO WITH KOTAK .. I am seriously planning to shift...
TOO Much High Brokerages.... Just Too MUCH.. 2.5% Brokerages applied to my tradings.
I traded IRB Infra share INTRADAY at around 255 and brokerages were around 6.40 Rs. WORST BROKERAGES EVER. THEY TOLD THat brokerages for INTRADAY is 0.049 %, But calculating Intraday brokerages with comparing 2.5 percent and 21 Rs and Delivery Brokerages. WORST...
I''m trading in Kotak Securities for more than 2 years. I didn''t have any problem initially, but, whenever I''m going for some customer support I''m seriously disappointed. I recently opted to change my offline account to an online account. I have given all the necessary papers there is no proper response from them whenever I''m trying to contact. They actually told the processing time would be 2 days, but, its been 15 days since i submitted the forms. I''m seriously disappointed with their service. If no proper action is taken in the next few days, i have no other option than quitting Kotak Securities.
I thought to open my account in Kotak securities as their on paper brokerages are very less for intra day trading....But after seeing all of these comments I am not opening the account...Thanks for all for posting and letting know others the actual situation...
very very poor i want to rate -5/5 lot of hidden charges, very bad service very high brokerage. you can''t make profit with kotak they never tell truth always fake commitments continue balance deducting when ask for charges they will tell you for this for that this mention there you can check it go with link uuffufff so i don''t it i opened a a/c with RKSV now i happy with RKSV i applied for closed my kotak a/c but kotak is not closing it..i lost of money so please don''t go with Kotak
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Very Poor Customer Service - Very Poor Overall Experience - Very Poor
I hv open my a/c before 2 month And now my balance is only rs 3015.47 /- Left in my trading a/ c After selling my whole holding As i am a student I am shock to c this.. . Lots of hidden charge.... So dear....never open in this
My experience with kotak securities is worst i never suggest any one for kotak. Whatever they say they never follow. Even i got mail from there side that they will remove maximum brokerage concept from my account then also they are charging as the same, no meaning of there words, Now i am going to close the account.
Bahut hi bakwas Company hai AC opening ke waqt sirf brokerage batate hai phir welcome letter mai kai faltu charges invocation of pledge 0.4% minimum 30/-pledge charges0.5% minimum 30/-AMC to 600/-debit transaction 0.4% hai minum 27 rupe to katenge hi baqi rema dema certificate woh bhi kat ta rahega pehle bolenge trinity mai saving ac zero balance hai par wahan bhi katenge amc JHHHOTA BANK !!! aur kitne aur kaise charges katenge agar aap C.A. hai tab bhi nahi samajh payenge !!! mat khulwana doston !!! please ...
AMC is high compared to other brokers. hidden charges are more.unable to understand the charges.for small amount traders it is not at beneficial.i would not recommend this. iam planning to shift to inida bulls.
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Average Customer Service - Very Poor Overall Experience - below average
Can you please define how you are calculating your intraday brokerage charges. Like if i BUY 100 share @ 56 and SELL 100 share @57, then how you calculate brokerages. Note:I am existing customer of Kotak Securites
118.1. venkateshwara|| Link|October 28, 2014 1:25:25 AM
Hai Anill Sharma, your Total Turnover is 11,300 and your intraday brokerage of 0.5% will be (11,300 *0.5/100 = 56.50 )
I have account with Kotak securities. I am not frequent trader, so their customer care called me and told me that if I do not trade atleast once in 3 months my account will be blocked. They did not tell that to me during account opening IT WAS REALLY DISSAPOINTING
Demat to Bank transfer fund takes 1 day, no square off option, Hidden brokerages very high. No option for choosing Intraday/Delivery. Actual brokerages are much higher than stated above.
Ratings:
Brokerage - Very Poor Account Maintenance Fees - Very Poor Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
If you invest 1000/-, buy brokarage sell brokarage and DP account ITS SEVEN VERY VERY HIGH).
Then how can you earn profit.
If you want to invest 1lack rupees in stock market you won''t invest on only one stock on one day so brokerage is very very high.
Even though you got 10% profit you need to pay 7% brokerage so waste of using it.
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Very Poor