Kotak Securities Review 2024

Kotak Securities was established in 1994 as a full-service broker in India. It offers a 3-in-1 account facility that includes a bank, trading, and Demat account. Kotak Securities, one of the largest full-service brokers, allows its customers to invest in equities, commodities, currencies, and mutual funds.

This stock broker also provides portfolio management, search, margin trading funding, and many other financial services to ensure a seamless trading experience for its customers. Kotak Securities offers US market investment facilities through its stock trading platform. This leading stock broker in India has more than 153 branches and 1300 franchises across India.

Read this Kotak Securities review to know more about this full-service broker and its brokerage charges.

Why Use Kotak Securities for Stock Trading?

There are many USPs of Kotak Securities that make it stand out from its competitors. Below are some major ones you should know before opting for any stock broker in India.

• It has a physical presence in nearly 400 cities across India.
• It provides a 3-in-1 account facility to give a smooth trading experience.
• It offers many free technical and trading resources for its traders.
• The platform has flexible brokerage charges for each type of investor.
• It has over 25 years of market presence, which makes it a reliable stockbroker.

Kotak Securities Brokerage Charges

This full-service stock brokerage firm has four different plans: zero brokerage plan, trade free plan, trade free max plan, and dealer-assisted brokerage plan. The zero brokerage plan is available for investors below 30 years. After its subscription, the plan stays active for the next two years. After that, you will have to select a trade free plan to keep trading through its platform.

The trade-free and trade-free max both carry a similar brokerage structure. It is because there is zero brokerage charge on each intraday trade. These two plans charge Rs 20 per trade on F&O, commodities, and currencies. Although, there is Rs 20 or 0.25% brokerage fee on equity delivery. The difference between the two plans is that the trade-free max offers a margin trading facility at the interest rate of 8.75% per annum.

If we talk about the dealer assisted plan of Kotak Securities, it charges a slightly high brokerage charge but also provides some privileges to traders. This premium plan charges 0.39% brokerage on equity delivery and 0.039% on equity intraday, commodities futures, and equity futures. It charges Rs 39 per lot on equity options, Rs 9 per lot on currency futures, Rs 5 per lot on currency options, and Rs 39 per lot on commodities options.

It does not charge any trading and Demat account opening charges. But levy Rs 600 per annum Demat account maintenance charges and no charges for trading account maintenance.

Kotak Securities Trading Platforms

Kotak Securities has many promising stock trading platforms for its traders to give them the best in class stock trading experience. Below are some of the major stock trading tools and platforms available by this full-service broker.

Kotak Neo Web & App

Kotak Neo is a web and app-based trading platform developed using top-notch technology to make trading activities quick and efficient. It allows traders to trade in commodities, mutual funds, equities, and IPOs. There are many other investment options, like IPO, where investors can invest their money. It has advanced features like a customized wishlist, charting, and several technical indicators.

TradeSmart Terminal 

Its official terminal was designed by Kotak Securities to give competitive benefits to traders who use Kotak Securities for stock trading. It has powerful features like a watchlist, integrated market depth, technical data, and sentiment tracking features. This trading platform also helps investors with the latest analyst recommendations and live news to make powerful trading strategies to generate substantial profits.

Kotak Mobile App 

Kotak Securities’ mobile app is a very safe and secure application designed by its team for Android and iOS mobile users. It helps mobile users to trade efficiently and gather the latest market updates at their fingertips. You can set a watchlist, see real-time stock price movement, and add funds through UPI. The app is efficient and offers multiple orders to execute and profit from stock trading.

Web Based Platform

Kotak Securities has a web-based trading platform that allows registered traders to invest and trade in all segments. The website is quick, secure, and easy to navigate and execute trading activities. The website features multiple watchlists, real-time market tracking, order placement, and advanced search tools.

How to Open a Demat Account with Kotak Securities?

Here are some simple steps to open a Demat account with Kotak Securities.

• Visit the official website of Kotak Securities and click on Open Demat Account.
• Enter basic details like name, email, and mobile number to proceed.
• It will send an OTP to a registered mobile number, enter it and verify it.
• Add PAN Card Number, DOB, and other details in the next step.
• Provide personal details like the father’s name, marital status, and income details.
• Upload other documents like passport-size photos and signatures.
• Select an ideal brokerage plan based on your trading frequency and volume level.
• Check out the entered details and hit the submit button.
• Finally, verify Aadhaar OTP to complete the e-sing process.

With this final step, your account opening process is completed, and you can wait for your Demat account’s final approval and activation with this full-service broker in India.

Advantages of Kotak Securities

Below are some key benefits of using Kotak Securities’ stock trading services.

• It offers many investment options like equities, debt instruments, mutual funds, derivatives, and more.
• It shares real-time market insights, daily alerts, research reports, and stock suggestions.
• It allows NRI to avail of its stock trading services at a low cost.
• The trading platform provides call and email customer service to solve queries.
• It does not charge any brokerage on intraday trading.
• The platform provides zero brokerage services to investors below 30 years. 

Disadvantages of Kotak Securities

Here are some disadvantages of using Kotak Securities for stock trading. 

• The charges on call & trade depend on the frequency of trade.
• Online account opening facility is available for a limited number of banks.
• The delivery charges are pretty much higher than its competitors
• The offline account opening process can be time taking.

Conclusion

Kotak Securities is one of India’s most trusted full-service stock brokers and has many trading tools for its traders and investors to help them trade in the stock market efficiently and generate significant profit. The platform helps its investors with real-time market insights, advanced tools, research papers, and other resources. If you are looking for a full-service broker that charges a genuine brokerage fee, Kotak Securities can be an ideal option.