Brokerage Charges, Margin, Trading & Demat Account (2024)

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Brokerage Charges, Margin, Trading & Demat Account (2)

Full Service Broker Depository: CDSL & NSDL

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Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank Limited and one of the leading stockbrokers in India. It offers a wide range of trading and investment services, including Research and advisory services, Portfolio management services, Wealth management and more. Kotak Securities has an active client base of 11,34,719 as of January 2024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity

Commodity

Currency

Futures

Options

Brokerage Plans:
  • Trade Free Youth Plan
  • Trade Free Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 600

Plan Charges

₹ 499

Call & Trade Charges

₹ 49

Brokerage

Equity Delivery Brokerage

Zero

Equity Intraday Brokerage

Zero

Equity Futures Brokerage

Zero

Equity Options Brokerage

Zero

Currency Futures Brokerage

Zero

Currency Options Brokerage

Zero

Commodity Futures Brokerage

Zero

Commodity Options Brokerage

Zero

Margins

Equity Delivery Margin

5x

Equity Intraday Margin

5x

Equity Futures Margin

4x

Equity Options Margin

1x/5x

Currency Futures Margin

40x

Currency Options Margin

1x/40x

Commodity Futures Margin

8x

Commodity Options Margin

6x

Charges

Account Opening Charges

₹ 99

Account Maintenance Charges

₹ 600

Call & Trade Charges

₹ 70

Brokerage

Equity Delivery Brokerage

0.25%

Equity Intraday Brokerage

Zero

Equity Futures Brokerage

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

₹ 20

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

₹ 20

Commodity Options Brokerage

₹ 20

Margins

Equity Delivery Margin

5x

Equity Intraday Margin

5x

Equity Futures Margin

4x

Equity Options Margin

1x/5x

Currency Futures Margin

30x

Currency Options Margin

1x/40x

Commodity Futures Margin

8x

Commodity Options Margin

6x

✍ Kotak Securities Brokerage Calculator Charges Details

Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

KEAT Pro X Kotak Stock Trader Kotak Securities website Kotak Neo

Pros

Advantages and Strengths of this broker.

  1. Kotak Securities provides a wide range of investment options from equity to debt instruments, mutual funds, derivatives etc.
  2. Provides daily alerts, market pointers, research reports, stock recommendations, etc. to the customers.
  3. You can make international investments like investing in US stocks etc.
  4. NRIs can also open an account with Kotak Securities.
  5. Call and email support is available for solving the customer’s queries.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Call & Trade charges vary depending on the frequency of investing.
  2. In the online process, it supports accounts only with scheduled banks.
  3. The offline account opening process is time-consuming and cumbersome.
  4. It has comparatively higher equity delivery charges.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account

Free Trading Calls

Free Research Reports

SMS Alerts

Margin Funding

Margin Against Share

Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds

IPO Platform

Bonds & Debt

Exchange Traded Funds

Insurance

Finology Ratings & Reviews for Kotak Securities

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3)

Usability

(2.8)

Customer Service

(3.5)

Charges Review

  • Kotak Securities offers low brokerage charges for traders as intraday trading is free.
  • Equity delivery charges are higher as compared to others.
  • They have different brokerage plans & margin plans for which are chargeable.
  • They provide various tools and services such as portfolio analyzers, monitoring service, etc. with their premium plans.

Customer Service Review

  • Kotak Securities provides support over call & email.
  • As per customer reviews, the support is prompt.
  • Automated chat support is also available, and they offer an option to raise a ticket as well.
  • They have physical branches present in most of the cities.

Ease of Use Review

  • The trading platforms are user friendly and easy to navigate.
  • Kotak Securities provides free trading calls & research reports over mail and website.
  • Their software with terminal experience is quite advanced and user friendly.
  • They provide various tools and services such as portfolio analyzers, monitoring service, etc. for better decision making.

Account Opening Procedure Review

  • The online account opening process is easy for individual accounts.
  • The offline process is cumbersome and time consuming.
  • They support NRI accounts as well.
  • They offer numerous options within their plans which make the account opening process confusing.
  • Kotak Securities supports accounts from only a limited number of banks in the online process.

🌟 Kotak Securities Customer Reviews

Why Choose Kotak Securities? Know Everything about Kotak Securities here.

Verdict

Being an extended arm of Kotak Mahindra Bank operating as its subsidiary, Kotak Securitiesenjoys a reputation and trust among traders and investors. Itcomes with a dedicated relationship manager for their customers to enhance customer support services.Further, if you don’t want to engage in stock market trading actively, then you can use additional services offered by themsuch as Portfolio Management Services.

If you are a trader, the broker provides you with

  • Separate research section for issuing calls on intra-day and short-term trading,

  • A separate section for Derivative market updates on their website which includes put-call ratio, most active contracts traded, calls & puts having the highest premium etc.,

  • Get the benefit of zero brokerage across all the segments in intraday positions,

  • Trading platforms are easy to navigate and user-friendly,

  • Avail of benefit from various trading tools to make informed trading decisions.

If you are an investor, the broker providesyou with

  • ‘Knowledge Bank’ that provides information relevant to both beginners and traders,

  • A single platform for investing in multiple assets like SGBs, derivatives, equities, debt instruments etc.,

  • Get recommendations on stocks and mutual funds,

  • Get free research reports,

  • No transaction charges for mutual fund investments.

Trading Tools

Kotak Securities comes with some of the most exciting and useful trading tools to ensure that userstrade seamlessly. The following are some trading tools and their features:

KEAT Pro X

KEAT Pro X is a free installable web-based platform with auser-friendly interface for traders. It is compatible with low-speed internet as well and works on both desktops and laptops. An active trader can use this for order placing at multiple exchanges by using shortcut keys. It also provides stock recommendations by experts and comes with charting tools, technical indicators, and historical data which help the traders in better decision-making. The followingare the features of KEAT ProX:

  • It is simple, free, and high-speed that allows live tracking of markets and investments on a real-time basis,

  • Obtain stock recommendations from expert research analyst,

  • Benefit from charting tools for past and future projected performance,

  • Create your personalized watchlist to track the stocks. In each watchlist, you can add up to 100 stocks.

Kotak Stock Trader

Kotak Stock Trader is a mobile trading app that even Guest Users (who don't have an account in Kotak Securities) can download. Customers can monitor the markets and get live quotes with chart tracking. It provides margin details, available fund details & limits, notifications, and alerts setting, and also, pledging of shares can be done with the help of this application. The followingare the features it provides:

  • You can seamlessly place orders for equity, and derivatives through the platform,

  • Login using the face ID or fingerprint that acts as a great security feature,

  • Basket order feature to invest in multiple stocks and contracts in one go.

Kotak Securities website

This is the foremost and primary trading platform of Kotak Securities. Login to the website to trade as well as access a gamut of other trading services provided by it.

  • It allows trading across multiple exchanges from a single platform including NSE, BSE, MCX, etc.,

  • Get access to daily trading and investment ideas from the website,

  • Get access to information about the market with the course on the e-learn market available on the website,

  • You can easily switch platforms for different investments like bonds, ETFs, mutual funds, etc.

Kotak Neo

Kotak Neo is a brand-new trading platform by Kotak Securities. Its mobile app is available on both iOS and Android. Customers can access it on laptops/PCs via its official website. Itaims to make investment and trading seamless by employing the best technology and customer-centric prowess. Brimming with potential, Kotak Securities is consistently incorporating more services in this app to create a holistic financial ecosystem. Some of its features are:

  • Zero Brokerage on Intraday Trades,

  • Stock Recommendations curated by Kotak’s Research Team,

  • UI/UX focusing on minimalism and utility,

  • Option to create a customized watchlist,

  • Advanced Charts for Trading andLive News,

  • Options for Commodity Trading.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00335% -NSE
0.00375% -BSE

0.00335% -NSE
0.00375% -BSE

0.002% -NSE

0.0505% -NSE

Demat Transaction Charges

0.04% of the value of
securities (subject to
minimum of Rs.20)

-

-

-

STT

0.1% (both sides)

0.025%- sell side

0.0125% -Sell-side

0.0625% -Sell-side

SEBI Charges

Rs 10 per crore

Rs 10 per croreRs 10 per croreRs 10 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% - MCX; 0.006%
- NCDEX
0.05% for MCX; 0 for NCDEX

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

CTT

0.01% -Sell side

0.05% -Sell-side

SEBI Charges

₹ 10per crore (for non agri commodities)

₹ 10 per crore(for non agri commodities)

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.00095% -NSE
0.00022% -BSE

0.037% -NSE
0.001% -BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

Rs 10 per crore

Rs 10 per crore

🙋‍♂️ Read Kotak Securities FAQ

Kotak Securities Complaints & Stats

Company name:

Kotak Securities Limited

Contact:

77389 88888

Active Users:

11,34,719

Kotak Securities Customer Reviews

Overall Rating

4

Based on 6 reviews

Rating Summary

5

66%

4

0%

3

16%

2

0%

1

16%

Review Analytics

Platform 1 votes

Charges 1 votes

Transparency 0 votes

Features 2 votes

Customer Support 1 votes

Brokerage Charges, Margin, Trading & Demat Account (3)

a j

(5)

Posted on 13 Jul 2022

Kotak Securities is the current best broker in market. With their fast and excellent trading platform, I can trade seamlessly and they also don't charge any brokerage as I am under 30 years of age.I highly recommend kotak securities if you are planning to start your trading journey.

Brokerage Charges, Margin, Trading & Demat Account (4)

narottam bag

(5)

Posted on 27 Jan 2022

Good but improve technology

Brokerage Charges, Margin, Trading & Demat Account (5)

k. ritika

(5)

Posted on 23 Apr 2021

Great experience

Brokerage Charges, Margin, Trading & Demat Account (6)

farid khan

(3)

Posted on 30 Dec 2020

1. Online Trinity facility activation not available in 3in1 account.2. Delivery zero brokerage not available

Brokerage Charges, Margin, Trading & Demat Account (7)

jitendrabhai

(5)

Posted on 22 Dec 2020

good

Brokerage Charges, Margin, Trading & Demat Account (8)

ashutosh wadhwani

(1)

Posted on 21 Dec 2020

I have an account with Kotak but since I was inactive for sometime, they have made my account dormant, which is understandable. But When I tried making it active, they asked me Documents, which I gave them by email. Then they asked me to come to the branch, which i think is not fair. If I can open an account at home why cant I make a dormant account active from home. Anyways I went to the branch did the formatlities but my account did not become active, this was before lock down. I opened account in Zerodha in the lockdown and started trading there. After the lockdown last month I tried call center and got same response to go to branch, but when I went to the branch in Marol they asked me to go Worli which is 30 Kms from my home. According to me this not justified, I have certain shares in this demat otherwise I would not have bothered making my account active.I tried mail, call center and Kotak's Insta page also but issues dont get solved. Kotak team if you are reading do think that I am trying to tarnish your image this is a genuine feedback and I have screenshots and mails to prove.

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Brokerage Charges, Margin, Trading & Demat Account (2024)

FAQs

What is the brokerage charge in trading account? ›

Usually, in India, the brokerage fee ranges between 0.01% to 0.5% of the total value of the transaction. For instance, if the amount of share is worth ₹10,000, and the brokerage fee is 0.1%, then the total fee charged would be Rs. 10.

What are the charges for margin trading? ›

Let's say you want to buy shares worth Rs 500 using MTF. You will need to pay Rs 100 (20% of Rs 500) as the required amount to hold the stocks worth Rs 500. The broker will then cover the remaining Rs 400 (80% of Rs 500).

What are the charges for a Demat account? ›

300 to 800, depending on the DP and the value of your transactions. There are cases in which the Demat account charges for annual maintenance can be waived off. The SEBI defines a type of Demat account known as Basic Services Demat Account (BSDA) which is recommended for small investors.

Do brokers charge for margin? ›

Investors can borrow up to 50% of the value of equities in a margin account held at a stock brokerage and will pay interest charges for the privilege of doing so. Interest charges vary by broker but are typically a function of prevailing interest rates and the loan term.

How do I avoid brokerage fees? ›

Reduction of Brokerage Fees to Zero

Investors can reduce account maintenance fees by comparing brokers, their provided services, and their fees. Buying no-load mutual funds or fee-free investments can help avoid per-trade fees.

Why am I being charged a brokerage fee? ›

Brokerage fees are any commissions or fees that your broker charges you. Also called broker fees, they are generally charged if you buy or sell shares and other investments, or complete any negotiations or delivery orders. Some brokerages also charge fees for consultations.

What are the risks of margin trading? ›

The biggest risk from buying on margin is that you can lose much more money than you initially invested. A decline of 50 percent or more from stocks that were half-funded using borrowed funds, equates to a loss of 100 percent or more in your portfolio, plus interest and commissions.

Which broker is best for margin trading? ›

Highest Margin Brokers In Options Trading
BrokerMargin
UPSTOX/RKSVUp to 4x times
ZerodhaUp to 2.5x times
SAS onlineUp to 20x times
5PaisaUp to 2x times
6 more rows
Jun 13, 2024

What is an example of margin trading? ›

If an authorised broker sets 20% as the margin requirement, you will pay 20% of Rs 50,000, and the balance amount will be lent to you by the broker. 20% of Rs 50,000 is Rs 10,000, and the broker will lend you the remaining Rs 40,000 and charge interest on the margin amount.

Which is the lowest brokerage charge for a demat account? ›

Lowest Brokerage Charges for Online Trading in India
Low Brokerage Trading AccountTrading Account Opening ChargesBrokerage Fees in NSE Equities
Wisdom CapitalFree0.01%*
Zerodha₹ 200₹ 20/trade or 0.01% whichever is lower
Upstox₹ 200₹ 20/trade or 0.01% whichever is lower
SAMCOZero₹ 20/trade or 0.01% whichever is lower

Which brokerage is best for trading? ›

  • Paytm Money. Paytm Money is a relatively new entrant in the broking space, offering a simplified and user-friendly trading platform that caters to beginners and tech-savvy investors. ...
  • Zerodha. ...
  • Aditya Birla Capital. ...
  • Upstox. ...
  • ICICIdirect. ...
  • HDFC Securities. ...
  • Kotak Securities.

Which broker has the lowest brokerage? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

What is the margin trading charge? ›

What are the interest charges involved under E-Margin (MTF)? The interest charge is as low as 0.04% per day, applied after the 23rd trading day. These charges vary for all users based on the brokerage plan they have selected.

Does margin trading have fees? ›

Margin fees are charged based on the total value of the amount that is extended as margin to effect the margin trade.

How do brokerages make money on margin? ›

In a margin account, your broker may lend your shares to short sellers or hedge funds without notifying you. The broker does this to earn additional interest on the lended shares.

What is a brokerage account fee? ›

Brokerage fees are charges that come from full-service brokers or discount or online brokerages for their financial activities to grow and maintain your account. Regardless if you're an active or passive investor, you should be aware of broker account expenses.

How do you calculate brokerage in trading? ›

The brokerage is computed based on the total cost of the shares at the chosen percentage. Consequently, the brokerage formula is as follows. Intraday brokerage = market price of one share * the number of shares * 0.05%. Delivery brokerage = market price of one share * the number of shares * 0.50%.

Who has to pay brokerage fees? ›

In India, real estate agents usually ask the seller and the buyer to pay 1-2% of the deal value as their commission, also known as the real estate brokerage fee.

Do you have to pay for a brokerage account? ›

Many brokerage firms allow you to open an account with no upfront deposit. However, you will need to fund the account before you buy investments. You can move money from your checking or savings account or another brokerage account.

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