Kotak Securities a firm run by the renowned Kotak Group of Companies has made the life of investors easier with their innovative investment technologies and products which will be discussed in this Kotak Securities Review.
Apart from these, the article below will also contain details about the margin or the exposure offered by the firm, brokerage charges, and other charges.
The review is a comprehensive review of the firm where you will find all the necessary details which you were looking for.
| Kotak Securities Highlights | |
| Broker Type | Full Service Broker |
| Demat Account AMC | Rs 600 |
| Margin Required | 75% Margin |
| Intraday Brokerage | 0.049% |
| Delivery Brokerage | 0.49% |
| Exposure | Upto 5x |
What do you know about Kotak Securities?
Kotak Securities is a stockbroker from Mumbai with branches across the country. The firm was incorporated in the year 1994 by Jaideep Hansraj.
This full-service broker has a variety of investment and financial services and it is a brand in the financial industry after years of hard work and dedicated services to the customers. This Kotak Securities Review will take you through the different aspects and offerings of this public limited firm.
| About Kotak Securities | |
| Know a few details about Kotak Securities | |
| Which type of Company is it? – Public / Private | Public |
| Which type of Broker is it? – Full Service / Discount | Full Service Broker |
| Where is the registered office of the Company Located? | Mumbai, India |
| Who is the Founder of this Company? | Jaideep Hansraj |
| When did the company start? | 1994 |
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What are the various Demat Account Opening Charges levied by Kotak Securities?
Kotak Securities Demat Account is one of the most popular Demat accounts at present amongst investors and traders. The charges for Kotak Securities Account Opening are zero, that is you can open it for free to maintain it with Rs.0 per year only.
Though the charges related to the Demat account are Rs 600 and AMC are nominal, the charges for Trading account AMC is Rs.0 which is high as compared to the other stockbroker’s charges for their trading accounts.
The margin you are required to keep in the trading account in order to make transactions and trade is 75% Margin and this is the initial margin. You need to adjust the same according to the volume of your transactions. There is no dematerialization option available with the Kotak Securities Demat account.
| Kotak Securities Demat Account Opening Fees | |
| Check out the various fees charged for Opening a Demat Account with Kotak Securities | |
| Which is the Depository Participant involved? | NSDL & CDSL |
| What are the Demat account opening charges? | Zero |
| How much is the Demat AMC? | Rs 600 |
| What is the Trading AMC? | Rs 0 |
| What is the initial Margin amount required? | 75% Margin |
| Is dematerialization available? | No |
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Does Kotak Securities provide any Offers to their Clients?
The Kotak Securities Offers include a free Demat account which is already mentioned above. Apart from these the offers are –
- You get happy trading hours when the brokerages are super low
- There are a variety of brokerage plans and you can opt for the one which is most suitable for your pockets
- If your trades are going down south, that is you are making losses, you do not need to pay any brokerage on such trades. This is one of the greatest benefits that a trader can get as the loss-making trades are already affecting your pocket, paying brokerage on them is nothing but a double burden, which is waived off with this offer from Kotak.
| Kotak Securities Offers | |
| Here are the various offers provided by Kotak Securities | |
| Does the broker provide Free Demat A/C offer? | Yes |
| Does the broker provide Free Trading A/C offer? | No |
| Is this broker offers a Discount on Brokerage? | No |
| Does the broker offer Happy hour trading to their clients? | Yes |
| Is the broking house provides a flexible brokerage plan? | Yes |
| Does the broker offer 1 month of Free brokerage? | No |
| Are the Holiday offers provided by the broker? | No |
| Are there any referral offers shared by the broker? | No |
| Zero Brokerage for Loss-Making Trades | Yes |
What are the Brokerage Charges levied by Kotak Securities on various Segments?
The Kotak Securities Brokerage Charges are at par with the brokerage houses of similar stature. The charges are as given above in the table where you can find the charges for the delivery trades to be around 0.49% of the whole transaction and the remaining charges are 0.049%.
These charges are though high as compared to the medium and small brokerage houses but justifiable according to the size and brand of Kotak. The charges for trading options are also at par.
The thing which is unique here is the minimum brokerage of Rs. 21 per trade, so this amount you have to pay whenever you make any transaction even if the actual brokerage according to the given percentages are low if calculated.
| Kotak Securities Brokerage Charges | |
| Here you will find details of brokerage levied by Kotak Securities on all segments | |
| What are the Equity Delivery Charges? | 0.49% |
| What are the Equity Intraday Charges? | 0.049% |
| How much brokerage charged for Commodity Trading? | NA |
| What is the brokerage on Equity Futures? | 0.049% |
| How much brokerage charged for Equity Options? | Rs.100 per Lot |
| What is the brokerage on Currency Futures? | 0.049% |
| What is the brokerage on Currency Options? | Rs.70 per Lot |
| How much is the Minimum Brokerage required? | Rs.21 per Trade |
| What is the Demat AMC? | Rs 600 |
| How much is the Trading AMC? | Rs.0 per Annum |
| What is the Minimum Margin Required? | 75% Margin |
Do Kotak Securities levy any other charges apart from Brokerage?
The other charges levied by Kotak are the SEBI and government mandatory charges. The Kotak Securities Charge for a transaction is 0.00320% of the total transaction amount which is at par with the market average for this segment.
The other charges like SEBI turnover charges or the GST or the STT are the same for every broker of this stature and these are mandatory charges which you cannot skip.
| Kotak Securities Charges | |
| Get a deep understanding of all other charges levied by Kotak Securities | |
| How much are the Transaction Charges levied? | 0.00320% of Total Turnover |
| What are the STT charges? | Equity Delivery: 0.1% on both Buy and Sell Equity Intraday: 0.025% on the Sell Side *Equity Futures: 0.01% on Sell Side Equity Options: 0.05% on Sell Side(on Premium) Commodity Futures: 0.01% on sell side (Non-Agri) Commodity Options: 0.05% on sell side Currency F&O: No STT On Exercise transaction: 0.125% Right to entitlement: 0.05% on sell side |
| What are the SEBI Turnover charges? | 0.00005% (₹5/Crore) |
| How much is the Stamp Duty levied? | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| How are the GST charged? | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
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What is the Limit or Exposure offered by Kotak Securities?
Kotak Securities Margin requirement is 75% Margin and the company provides Kotak Securities Exposure of 1 time as the minimum for the equity delivery segment, equity futures, currency futures, and commodity segment.
The highest leverage provided by the firm is in the intraday section which is 5 times of the margin you have in your trading account and also for the equity options segment. This level of exposure is provided by very few brokerage houses in the country.
| Kotak Securities Exposure or Leverage | |
| Here you will find the exposure or limit provided by Kotak Securities | |
| How much is the limit on Equity Delivery? | 1x |
| What is the limit on Equity Intraday? | Upto 5x |
| How much is the limit on Equity Futures? | 1x |
| What is the limit on Equity Options? | 1x |
| What is the exposure on Currency Futures? | 1x |
| How much is the leverage on Currency Options? | 1x |
| What is the limit on Commodity Trading? | 1x |
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How to Open Kotak Securities Demat & Trading Account?
If you want to Open Kotak Securities Demat Account then you have to –
- Click on the button you find right on this page for opening a Demat account with Kotak. Click on that.
- You will be redirected to a page where you have to enter all your details regarding your personal details, occupation, and others.
- Upload the documents they have mentioned in the form and submit the application.
- If the above steps are done successfully, you will receive a call from the Kotak Securities executives and they will help you with the rest of the procedure.
- The account opening takes around a few hours but within the same day, you will get the login credentials for your account.
To Open Kotak Securities Trading Account, you need not do anything further as the trading and Demat account is created together as this is a 2-in-1 account.
What are the various Trading Platforms provided by Kotak Securities?
The Kotak Securities Trading Platforms are available on every device you use today be it your smartphone or the desktop or laptop and it is even available on online browsers. Here in this section, we will discuss the Kotak Securities Mobile App, Kotak Securities Trading Terminal, and the web-based platform.
Kotak Stock Trader (KST) – Kotak Securities Mobile Trading App
This is the mobile application offered by Kotak Securities. This you can use anywhere for your trades and track your portfolio and do all other things that you would have done on the trading terminal if you were in front of it. So, this is your on-the-go trading application, ready to be used anywhere and anytime.
Kotak Securities KEAT ProX – Kotak Securities Trading Terminal
KEAT ProX is a web-based trading terminal offered by Kotak Securities. This platform has ample trading tools and analytical tools and techniques that will make your trading jerk-free.
Kotak Securities Website – Kotak Securities Web-based Trading Platform
Kotak Securities website is the online platform for trading offered by the firm. You can just log in and start trading. You need an internet connection and once you log in you can use all the features and services offered by the broker using this platform.
Another platform offered by Kotak Securities is Xtralite which is designed for users who are having slow internet connection.
| Kotak Securities Trading Platforms | |
| Here you will find all the important trading platforms available with Kotak Securities | |
| Do they have Trading Terminals for Windows? | Yes |
| Do they have Trading Terminals for Mac? | Yes |
| Are they providing a Web Trading Platforms? | Yes |
| Do they have a Mobile Web Platform? | Yes |
| Does this broker provide Mobile Trading App for Android? | Yes |
| Does this broker provide Mobile Trading App for iOS? | Yes |
| Are they having Mobile App for Windows OS? | No |
| Do they have Mobile Trading App for Other OS? | No |
What are the features available in Kotak Securities Trading Applications?
Kotak Securities Trading App – Kotak Stock Trader (KST) Features
- You can enter Stop Loss orders, trigger prices can be set and all these you can do using your mobile application. Basically, you can trade as you want just using your mobile application.
- The application offers real-time data and updates, so track your portfolio and accordingly place your orders
- On the mobile screen, you get all the stock prices of both BSE and NSE and also you can add other exchanges to check their stock prices
- Create your watch-list and customize it according to your preferences
- Transfer money for the transactions you made and it is fast and safe using the KST application.
The Kotak Securities Trading Terminal – KEAT ProX
- You get up-to-date information about your account whether it is a Demat account or a Trading account.
- You get all the stock recommendations from the research and analyst team at Kotak on this platform. You get the details of stocks, company reports, and any other research services via this platform.
- Live streaming and Watch-list feature are available on this platform as the basic utilities of platform. You can add and remove the stocks you want to track or not anytime as per your requirement.
- There are a variety of charting tools and analytical tools on this platform that you can use for gauging and tracking your investments. You can do a self-analysis of the stocks before investing by using these tools.
- It is a high-speed terminal software that helps intraday trader place orders at the price they want. It is appropriate for the volatile and quickly changing market.
Kotak Securities Web Trading Platform – Website and Xtralite
- You can use it on a desktop as well as on a mobile browser even with a slow internet connection (Xtralite).
- You get all the quotes and live to stream off the stock prices
- Place orders in all the segments
- Monitoring your portfolio is super easy with this trading platform and you can place orders with a single click whenever you feel necessary
- You can get full access to the research services and tools and reports from this platform
- Transactions of funds are smooth and safe at the same time over this platform
| Kotak Securities Trading Application Features | |
| Here you will find various features available in Trading Platforms provided by Kotak Securities | |
| Are these platforms capable of Real-time Updates? | Yes |
| Do these Applications provide Portfolio Details? | Yes |
| Is this software providing Online MF Buy? | Yes |
| Do these platforms have News Flash? | Yes |
| Are these platforms providing Research Reports? | Yes |
| Are these platforms Easy to Install & use? | Yes |
| Do these Apps have Global Indices? | Yes |
| Are these platforms having Stock Tips? | Yes |
| Does this software provide Personalized Advisory? | Yes |
| Are these platforms capable of Interactive charting? | Yes |
| Do these Apps provide Live Markets data? | Yes |
| Do they provide SMS Alerts? | Yes |
| Are they providing Email Alerts? | Yes |
| Do these platforms have a Multi-Account Management solution? | Yes |
Get detailed features of another Share Broker
What are the various Products provided by Kotak Securities?
The Kotak Securities Products are varied and they offer almost everything that you can trade in the stock market. As you can see in the above table, they offer equities to currencies and even banking and forex facilities as well.
As we all know that Kotak is having its banking division as well, so it offers a three-in-one account as well where the trading, Demat, and bank account are created together. The firm also offers mutual funds and SIP investments as you may know.
So, this is a one-stop shop for all your financial and investment-related needs.
| Kotak Securities Products | |
| Here are the various products provided by it | |
| Does the broker allow Equity Trading? | Yes |
| Does the broker allow Commodity Trading? | No |
| Do they have Currency Trading products available? | Yes |
| Do they provide Options trading? | Yes |
| Are the clients allowed to trade in Futures? | Yes |
| Do they have Mutual Funds as a product? | Yes |
| Does the broker allow Forex trading? | Yes |
| Does the broker have Banking products? | Yes |
| Is SIP allowed by the broker? | Yes |
| Do they have Insurance as a Product? | Yes |
What are the various Services offered by Kotak Securities?
The Kotak Securities Services range is wide and you can find almost all the services under one roof. You get the Demat, trading, and banking facilities.
You get the intraday trading opportunity as well as getting to invest in IPOs and they also offer recommendations for the stocks under their research and analysis wing. Moreover, they are also offering Portfolio Management Services.
| Kotak Securities Services | |
| Check out the various services provided by it | |
| Does the broking house provide Demat Services? | Yes |
| Does the broking house provide Trading Services? | Yes |
| Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? | Yes |
| Do they provide Intraday Services? | Yes |
| Are they offering IPO Services to the client? | Yes |
| Do they have Stock Recommendations available? | Yes |
| Are they providing tools for Robo Advisory? | No |
| Does the broker provide PMS? | Yes |
| Do they have Trading Institution available? | No |
| What is the Trading Exposure this broker provides? | Upto 5x |
Does Kotak Securities provide Research & Advisory to their clients?
Kotak Securities Research includes all kinds of tips and recommendations for investors and you get a variety of reports from the firm and analyses on them. The Kotak Securities Advisory services include offline advisory services and you can also get a Relationship manager if you opt for the same.
The Kotak Securities Tips are made after a thorough analysis of the market and the stocks by prudent financial analysts so that you get the best opportunities in the market.
| Kotak Securities Research, Advisory & Stock Tips | |
| Here are the various research activities are done by it | |
| Does the broker share Fundamental Reports? | Yes |
| Does the broker share Research Reports? | Yes |
| Do they provide Company Reports to their clients? | Yes |
| Are they analyzing the Annual Reports of Companies? | Yes |
| Do they share Company Stock Reviews? | No |
| Are they sharing Free Stock Tips with their clients? | Yes |
| Do they analyze & share IPO Reports? | Yes |
| Does the broking company provide Top Picks? | No |
| Are they sharing Daily Market Review? | Yes |
| Do they have Monthly Reports? | Yes |
| Does the broker provide Weekly Reports? | Yes |
| Are they having Offline Advisory? | Yes |
| Do they provide Relationship Managers to clients? | Yes |
What are the Customer Care details of Kotak Securities?
Kotak Securities is well known for its exceptional customer care services. The Kotak Securities Customer Care is available for you all around the clock and you can reach them at any point in time via call or email and on chat support from the trading terminals.
For calling you have to dial the number given in the table above which is toll-free. They offer quick problem-solving and take care of your issues seriously.
| Kotak Securities Customer Support | |
| Let’s have a better understanding of Customer Care Service | |
| Are they providing Dedicated dealers to their clients? | Yes |
| Do they allow Offline Trading? | Yes |
| Do they have facilities for Online Trading? | Yes |
| Are they providing 24*7 Support? | Yes |
| Does this broker provide Email Support? | No |
| Is this broker having Chat Support? | 1800 222 299 |
| How many Branches the stock broker has? | 160 |
Are there any Complaints filed against Kotak Securities by their clients?
The Kotak Securities Complaints for the last year were 185 on the BSE and 226 on the NSE out of which 182 and 214 were resolved respectively from the two exchanges. The complaints are resolved whenever they are made and as quickly as possible so that the clients do not face any issues and have to incur losses.
| Kotak Securities Complaints | |
| Here you will know about the Complaints lodged against it | |
| What is the total number of Complaints Lodged in BSE? | 185 |
| How many of these complaints have been Resolved in BSE? | 182 |
| What is the total number of Complaints Lodged in NSE? | 226 |
| How many of these complaints have been Resolved in NSE? | 214 |
What are the Advantages / Benefits of Kotak Securities Trading Account?
The benefits of trading with Kotak Securities Trading Account are –
- You get all the products and services from this full-service broker that is possible in this investment arena.
- You are getting a free Demat account and the annual maintenance is also very nominal
- You are getting banking services along with the Demat and trading services and a 3-in-1 account.
- The exposure level is high up to 5 times on the intraday and equity options segment and the other segments have quite high leverage
- The brokerage charges are average and at par with the market.
- They have a wide range of trading terminals that are efficient and advanced for making your trading life easier.
What are the Kotak Securities Review & Ratings as per their Customer?
Kotak Securities Rating as given above suggests the firm is liked by most of the investors and the trades. The rating of 9 for the trading terminals and 8.6 for the overall turnover and transaction and 8.9 for experience with the firm is incredible.
The Kotak Securities Review by the customer shows that this is a firm that you can invest with and have no worries about other things as you get all the facilities under one roof.
| Kotak Securities Ratings & Reviews | |
| We are looking at Companies’ Ratings on various parameters | |
| Stock Market Research & Broking Advisory | 7.0/10 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. | 8.6/10 |
| Types of Products & Services the Brand provides | 6.5/10 |
| Performance Mobile App, Trading Terminal & Web Trading Platform | 9.0/10 |
| Experience in the Broking Business | 8.9/10 |
| Total Avg. Rating of Broking House | 8.0/10 |
| Star Rating given to Stock Broker | ★★★★★ |
| Number of People Contributed to These Ratings | 865 |
Kotak Securities Conclusion
Kotak Securities with all the above attributes is one of the most viable stock brokerage houses to trade with. According to our Kotak Securities Review, we have found this firm to have all the products and services and provide a great experience to the customers in all the ways possible through their dedicated services.
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