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Kotak Securities Review

Kotak Securities Limited was founded in 1994 & currently considered as one of the largest stock broking house in India, headquartered in Mumbai. Kotak Securities is a full service broker with massive customer base ranging from 1-1.2 million. They are a stock broking arm of Kotak Mahindra Group having 1200+ branches & franchisees across 359 cities in India. Kotak Securites is a highly recognized member of Bombay Stock Exchange & National Stock Exchange delivering 5 lakh trades on daily basis. They are also a depository participant with National Securities Depository Limited (NDSL) and Central Depository Services Limited (CDSL).

Kotak Securities have been rewarded with many Awards in the near past, they have been voted as the “Broker of the Year” by The Asian Banker’s Financial Markets Business Achievement Awards 2014. In 2013, Awarded as Best Equity Broking House by D&B Equity Broking Awards. They have always been considered as a highly influential stock broking house within the Broking Sector.

ACCOUNT OPENING CHARGES:

Demat servicesCharges
Trading Account Opening ChargesRs 750
Trading Account Annual Maintenance ChargesNIL
Demat Account Opening ChargesNIL
Demat Account Annual Maintenance Charges₹50 permonth for Indian Residents, ₹75 per month for Non Resident Indians (NRIs)

BROKERAGE CHARGES:

BrokerageCharges
Delivery0.49%
Square off (Both Sides)0.05%
Futures (Both Sides)0.05%
OptionsRs 300 Per Lot
Minimum Brokerage4 paise for delivery and3 paise for Intraday and Futures orders

TRADING PLATFORMS:

Trading PlatformsFeatures
KOTAK SECURITIES XTRALITE1. Works with complete responsiveness across devicesbe it mobile, desktop, laptop or tab2. Order monitoring and placing order features3. Get market research reports to make sound trading andinvestment decisions.
KEAT PRO X1. Best of the research reports and market tips within the softwarethat help you in taking the right decision at the right time.2. Get access to market information with real-time stock movements,top gainers and losers, updates on various indices etc.3. Personalized watchlist feature that allows you to add up to100 scripts within a watch-list. Users can combine scripts acrossBSE, NSE and currency segments.
KOTAK SECURITIES FASTLANE1. Access to company reports and market research.2. A list of S&P CNX NIFTY scrips stream LIVE on it by default.
KOTAK SECURITIES STOCK TRADER1. Customized Watch-list creation2. Funds transfer3. Connected with LIVE TV (facilitated by Bloomberg TV)4. Multi-level security5. Get live market updates through integration with Times of India,Economic times or Money Control6. Trade rectification and cancellation allowed through the mobile app itself.7. Intraday charting functionality available.

PRO’S & CON’S:

AdvantagesDisadvantages
Wide Offline PresenceHigh Brokerage
High Performance Trading PlatformsAverage Customer Service
3 in 1 Demat Account

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