Kotak Securities Review- Options Trading, Brokerage and Platform

Published on Monday, October 8, 2018 by Chittorgarh.com Team | Modified on Monday, July 18, 2022

Kotak Securities Review-Pros & Cons

Pros	Cons
Part of an established brand in the financial services industry.	The brokerage is higher when compared to discount brokers.
Good trading platforms on desktop, web, and mobile
Offers 3-in-1 account
Single platform to invest in stocks, F&O, IPOs, Mutual Funds etc.
Robust research and portfolio management service.
Offline presence across the country with 1281 branches

Kotak Securities Review 2019- About the company

Incorporated in 1994, Kotak Securities Limited is a full-time service broker. The company is a subsidiary of Kotak Mahindra Bank, a reputed name in the banking industry.

Kotak Securities offers broking services in Stocks, Mutual Funds, Equity, and Currency Derivatives as well as investment services in IPOs, Mutual Funds, Bonds etc. It also offers commodity trading services through a separate entity 'Kotak Commodities'. In addition, it also offers portfolio and research services.

As on 31st March 2019, Kotak securities has-

Rs 153 crore of Assets Under Management (AUM)
13.59 Lakh customer accounts
Over 5 Lakh trades per day
1281 branches and offices in 377 cities across India

The company is a corporate member with the BSE, NSE and a depository participant with NSDL and CDSL.

Kotak securities have won many awards and recognition for its broking and research services. Some of the major awards are-

Broker of the Year in 2014 at The Asian Banker's Financial Markets Business Achievement Awards
Overall best Equity Broking House in 2013 by BSE IPF - D&B Equity Broking Awards
Depository Participant of the year in 2013 by BSE IPF - D&B Equity Broking Awards
Fastest growing Equity Broking House in 2012 by BSE IPF - D&B Equity Broking Awards
The Best Equity House in 2012 by FinanceAsia
Best Broker in India for 2012, 2010 & 2009 by FinanceAsia

Kotak Securities Trading Platforms

Kotak Securities offers traders with multiple ways to trade through its desktop, mobile and web platforms.

Website- The company's website - www.kotaksecurities.com offers traders full trading services. The site can be accessed by any browser and is packed with good features for reliable and fast trading.

Xtralite- Specially designed for traders who have slow internet connectivity or access the website on mobile phones, Xtralite offers most of the features available in the website at a good speed.

KEAT Pro X- It is an installable trading platform that traders can download on their personal computers and trade from there. The platform offers all the trading tools and features to trade, analyze and manage your trading portfolio.

FastLane- It is a light Java-based applet which works as an alternative KEAT Pro X

in situations when you cannot run the platform for some reasons.

StockTrader- It is a mobile trading app available on iOS, Android, BlackBerry, Symbian, Bada and Java platforms. The app allows traders to trade, track the markets and manage their portfolio from anywhere, anytime.

In addition to the above platforms, you can also trade using Call & Trade services offered by Kotak. The facility allows you to trade in stocks, derivatives, IPOs and mutual funds over the phone.

Kotak Securities Account Types

Trinity account - A 3-in-1 account with savings, demat and an online trading account.
2-in-1 account - A trading and a demat account rolled into one account.
Demat account
Equity trading account
Linked account - It is similar to 3-in-1 trading account that links your existing savings and a demat account of a partner bank with a Kotak trading account.

Kotak Securities Options Brokerage Charges

Trading Account Opening fees = Rs 750

Trading Account maintenance charges = Nil

Demat Account opening fees = Nil

Demat account maintenance charges = Rs 50 per month for resident Indians, Rs 75 per month for NRIs.

Kotak Securities Brokerage Fee

Kotak offers 3 brokerage plans. The brokerage fees are charged as per the plan choosen by the trader. The 3 plans are-

Kotak Fixed Brokerage Plan
Kotak Dynamic Brokerage Plan
Kotak Advanced Brokerage Plan

The brokerage charges for various plans are as follows-

Kotak Fixed Brokerage Plan

Rs 300 Per Lot for Equity Options

Kotak Dynamic Brokerage Plan

Equity Options

Brokerage charges for various plans

Monthly Premium Volume	Intraday Brokerage	Settlement brokerages	Minimum Brokerage Per Lot (Intraday)
Upto 4 lakh	2.5%	2.5%	Rs 300
4-11 lakh	2.25%	2.5%	Rs 240
>11 lakh	1.8%	2.3%	Rs 180

Currency Options

Monthly Volume Slab ( In Crs)	(Volume-Wise Slab & Brokerage for Future & Options) applicable to both sides
0-3	Rs 20 Per lot
3-8	Rs 18 Per lot
8-15	Rs 15 Per lot
15-30	Rs 10 Per lot
>30	Rs 7.5 Per lot

Kotak Advanced Brokerage Plan

Particulars	PLAN A	PLAN B	PLAN C	PLAN D
Advance Fees	Rs 5000	Rs 10,000	Rs 50,000	Rs 2,00,000
+ GST	( As applicable)	( As applicable)	( As applicable)	( As applicable)
Validity	12 Months	12 Months	12 Months	12 Months
BROKERAGE DETAILS
Options'	Rs 225 per lot	Rs 225 per lot	Rs 150 per lot	Rs 150 per lot
Currency Options (Each Leg)	Rs 12	Rs 10	Rs 8	Rs 8

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2 Comments

2. Mohammed Hussain

| Link|April 30, 2023 10:25:56 AMReply

Very high brokerage

1. Kishore bhat

| Link|July 28, 2020 9:53:54 AMReply

Worst broker you can imagine you will repent opening an account with Kotak
1)Highest AMC and format charges.They will further charge you for every small service
2) Pathetic customer service.They will practically tire you out so much that you will not ask for any more Service.
3)No regard for any escalation.More you escalate poorer the service
4) Poor application
5)Very little support for banks which are linked. They will charge you if you want to change bank and also provide maximum impediment even to change
6) Overall you feel trapped after joining only option is to sell your holdings and close the account after paying them exorbitant closing charges

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