Kotak Securities Review – Charges, Trading Platforms, Demat Account, Offers & more

Check out Kotak Securities Review here. Kotak Securities is a subsidiary of India’s leading private-sector bank Kotak Mahindra.

The brokerage house has performed well for the last 30 years regarding trading and investment. In addition, Kotak Securities reflect positive reviews with daily based 8 Lakh trades.

The Mumbai-based firm has a nationwide presence with 1500+ branches. Kotak Securities charges zero for account opening for under 30 youths. However, the charge is Rs.99 if you are above 30.

Why Trade or Invest with Kotak Securities?

Investing in Kotak securities is undoubtedly an intelligent choice for you, and there are several reasons to justify it –

• First, Kotak Mahindra Bank, the leading financial group, supports and funds the brokerage house. Thus, customers get confidence, and the company provides security with stability.
• Second, technical advancement is the key. Kotak Securities has a technical team of 150 professionals for daily trade.
• Thirdly, research-based support added value to traders. No matter whether you are a small or large investor, lowering your risk is their primary goal.
• Fourthly, the brokerage price is competitive enough. Moreover, the oldest brokerage house, Kotak Securities, offers a free account to those under 30 clients. In some segments, like F&O and stock delivery, they charge zero.

If you are under 30 years of age, you will get an advantage of Kotak securities brokerage fees.

Under the ‘Trade Free Youth’ plan, youth will get a free demat account. In addition, stock delivery and F&O fees are zero. However, investors above 30 must pay Rs.99 for a demat account.

They are considered under the ‘Trade Free Plan’ with a charge of 0.25% for stock delivery and Rs.20 per order execution of F&O. Though the intraday trading charge is zero for both plans.

Kotak Securities Calculator

Calculate Brokerage Charges of Kotak Securities.

How to Open Kotak Securities Demat Account?

Opening a Kotak Securities demat account is a simple process. First, visit the website or download the Play Store or Apple Store App.

Put your name and mobile number for OTP verification. After that, provide your personal details like your PAN card, AADHAR card, and bank details. In addition, provide the attached documents linked with Digilocker.

Upload the e-sign, complete the process, and get the confirmation via email. Moreover, NSDL and CDSL protect your account and personal details.

Furthermore, you can download the ‘Demat form’ from the website, fill it and submit it. The company personnel will contact you. Also, you can visit the nearest branch.

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Kotak Securities App and online trading platforms transfer your device to an online trading field. So, the trading platforms are available as follows—

• Mobile App in Android and Apple Store.
• A web page or desktop version is available for trading.
• Trading terminals help to manage risk.
• Kotak Trade API for personalized trading experience.
• KEAT Pro X is a downloadable trading software of Kotak — it offers real-time market data and advanced charting.

If you want to look at Kotak Securities reviews, you can check that the satisfaction is unlimited. Customers hardly raise complaints to regulators.

Kotak securities’ trading platforms of webpage, software, and Apps provide a wide range of support with tolls and unique features.

So, more than 10 lakh active clients enjoy a hassle-free trading experience with the help of some stunning features.

The App has 3.5 ratings in the marketplace with lakhs of downloads. Here are some details about various platforms.

Kotak Securities App

Kotak Securities Apps (known as Kotak Stock Trading or KST) of Apple and Android stores transform your tablet or mobile into a potential trade platform.

You can carry it anywhere; start trading everywhere. So, some potential features are as below—

• Access a pre-defined watchlist to make productive decision
• Get the latest derivative calls and fundamentals from the research team
• Smart search option, advance charts, and secure payments without a glitch
• Bird’s eye view of the market anytime, including live telecast
• Instant trade reports and charting tools.
• Fingerprint or Face login

Kotak Securities Web Trading Platform

Kodak securities desktop world is extraordinary with unique features. Moreover, the attractive dashboard has diversified products. You can check many stunning features below—

Control your equity, bonds, mutual funds, and currency with a single click

• Designed for better speed
• Adapted with desktop to mobile
• Get a more secure experience
• Advanced portfolio tracker a real-time positions

Kotak Securities Neo API

Whether you are a developer or just a trader, build your personalized trading platform with Kotak Neo API— yes, you need zero knowledge about tech to develop it.

In addition, the door is open for startups as well. Some unique advantages of the API body are—

• Experience 10 orders every second without hassle
• Live positions
• Market recommendations
• Real-time market data and tracking order
• Better facility for portfolio management
• Can customize watchlist ( Unlimited watchlist, Pre-set watchlist, Portfolio watchlist)

KEAT ProX

It is additional software to make your trading experience more intelligent and faster. You can download it from Kotak’s web link. The software has some benefits —

• Live streaming and analysis of data
• Customizable watchlist as per requirement
• High-speed operation
• Execute all financial products
• Order execution to P&L info under one tab

Kotak Securities Xtralite

If you are residing or making a tour in a remote area with poor internet access, Xtralite helps you to overcome the situation this way —

• Get minimum access to essential information to trade
• Work on slow internet
• Helpful in emergencies

Kotak Securities Fastlane

If you are fed up with a slow computer or laptop system — Fastlane helps you out.

• No need to install or download
• Get all essential supports and information to run tradings
• Thus, regular updates, multiple channels, and a strong customer support base are the major reasons for the brokerage firm to get stunning customer reviews.

Kotak Securities, the winner of the best broker by Finance Asia Country Awards in 2019, has diversified financial products.

Moreover, Kotak Securities offers all pockets like Trinity accounts, NRI accounts, 3 in 1 account, and Private Client Groups.

• It offers Mutual Funds, F&O, ETF, Equity, and sovereign gold bonds.
• Trade-free youth has free account opening and intraday trade– it needs 1 yr subscription of Rs.299.
• Trade-free plan charges Rs.99 for account opening and Rs.20 for completion of each order.

Kotak Securities SWOT Analysis

Check out the SWOT Analysis on Kotak Securities here. If you are looking to invest or trade with Kotak Securities, then you must check this analysis.

Strength

• The parent company is India’s leading banking service provider
• Strong offline presence — 1500 brunches
• Powerful tech support — team of 150 experts
• Cash-rich company with other strong financials
• Diversified product portfolio and essential stock recommendations

Weakness

• Limited global presence
• A brokerage fee is higher than some rivals
• Volatile market and high operating cost

Opportunities

• India’s expanding capital markets
• Technological Adoption
• It could expand the business to investment banking and wealth management

Threat

• Highly competitive market with multiple new players
• Regulatory body’s changing norms
• Less innovation

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Kotak has the robust support of the research team to boost the traders’ confidence.

If you go through the Kotak Securities trading account, you’ll get massive support of research and recommendations but automated tools and professional experts.

Automated Tools/API: Traders get equity research report online and via email — automated tools, equity scanners, neo trader API, and market charts assist traders.

Market Insights: They provide Forex insights with depth research & currency derivatives-related reports.

Recommendations and Updates: You will get daily reports of trading recommendations. Moreover, the reports include buy or sell recommendations directly.

Kotak securities margin is fixed by the plan you choose. As we discussed, under 30 traders have more free opportunities.

However, the rest of the investors also have lucrative opportunities due to the lower margin of the house.

• Zero brokerage charges for all intraday trades.
• 028% interest for daily based MTF transactions.
• 20 is deducted for the successful completion of currency trading and F&O trading.
• A 0.25% transaction charge is applicable for each equity delivery.
• For orders made by dealers or the internal authorities of Kotak, an additional charge of Rs.89 is applicable.

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Kotak Securities customer care has a channel to support traders. The client-based business supports email, chat, social media, and calls.

Moreover, you can visit the branch for the best face-to-face experience. Relationship managers across 1,500 branches are waiting for you.

If you want to talk, dial 1800 209 9191, or you can write an email to kscustomer.communications@kotak.com.

They also have WhatsApp chat support at 77389 88888; say ‘Hi’ to start a conversation.

Being an established and reputed financial house, Kotak has less than a fraction of complaints in SEBI, NSE, and BSE.

However, Kotak Securities also encourages filing complaints if it remain unsolved by the broking house.

In the BSE market, only 25 traders file complaints out of 2,43,331 clients in FY23; the exchange bodies solve 23. So, the accuracy level is more than 99%.

The company has the same reputation in NSE in the same financial year. Only 605 complaints were registered there out of a solid client base of 9,23,785; the exchange body solved 549.

Kotak Securities Charges

Understanding the charges of Kotak Securities is essential to make a prudent investment decision.

If you are under 30 as an investor, you have comprehensive free services from the firm. The brokerage house always wants to encourage youths to invest.

Take a look at various prices, including the free offers—

• Kotak Securities Account Opening Charge is free under 30, but after that, the charge is Rs.99
• Intraday trading is free. However, the Trade Free Max plan charges Rs.20 for the execution of each order.
• There is no AMC of net holding value Rs.10,000. But above Rs.10,000, a fee of Rs.65 applies to up to 10 monthly debit transactions.
• The pledge charge is 0.05% of the value of securities.
• For Invocations of Pledge, the charge is 0.04% of the value of securities.
• 20 is applicable Forward F&O of clients above 30. However, it’s free for those under 30.

It is good to observe the fee structure carefully. However, the company is popular for its ethical practices.

So, Kotak Securities has no hidden charges to manipulate traders with a distorted fee structure.

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Kotak Securities Review – Conclusion

Kotak Securities’ 30-year track record and commitment to delivering quality services make them attractive to investors.

With a strong track record of financial service, Kotak Security is an established brokerage house in the country.

Moreover, robust technology-based innovation and flawless service make the firm a strong brand name.

The firm’s strong financial standings, a wide range of financial products, and ethical business practices make it a reliable choice for millions of customers.

Furthermore, the brokerage firm strictly obeys regulators’ guidelines and has secured investors’ money for almost three decades.

While maximum customers express satisfaction while providing Kotak Securities review, a few reviews mention occasional delays or challenges.

FAQs on Kotak Securities

Here are various FAQs related to Kotak Securities Review.

Is Kotak Securities a Safe Broker?

Yes, it is Safe. Kotak Security is backed and supported by India’s leading private-sector bank Kotak Mahindra.

The firm has been serving customers since 1994. Moreover, it has a rigid physical presence with 1500+ branches nationwide.

Is Kotak Securities Good for Beginners?

Yes, beginners can start with some product videos of the brokerage firm. They can also check other constructive instructions of the advisor of the security firm.

How many active clients does Kotak Securities have?

Kotak securities have 10 Lakh active clients with daily-based 8 Lakh transactions. The firm has served 33 Lakh traders since its inception.

Who is the Founder of Kotak Securities?

Uday Kotak started the parent company in 1994. Mr. Jaideep Hansraj is the current CEO and MD.

During the early days, Kotak Capital Management Finance (KCMF) operates the brokerage firm.

Does Kotak Securities provide Free Delivery Trading?

Some brokerage firms provide customer awareness. So, they provide free delivery trading.

As it is not very clear from the available information you can visit a branch or call the company personnel for a coherent answer.

What are Intraday Trading Charges in Kotak Securities?

Intraday trading is free in Kotak securities. It is free for both plans, ‘Trade free youth’ and ‘Trade free plan.’ Trade Free Max’ comes with a plan of Rs.20 after the completion of each order.

What are Kotak Securities F&O Charges?

Under the Trade Free Youth plan, forward F&O is free, but if investors are above 30 and join the Trade Free plan, they have to pay Rs.20 for each order.

Do Kotak Securities charge for Commodity Trading?

For commodity Futures & Options delivery, the charge is 0.25%. Kotak charges zero brokerage for F&O intraday transactions.

Does Kotak Securities charge for Currency Trading?

If you choose Trade Free Plan, currency trading is FREE. Moreover, you can trade unlimited currency contracts free of cost.

Does Kotak Securities provide research?

Yes, Kotak Securities provide research-based reports, stock recommendations, and tricks to support traders.

They provide depth analysis of microeconomic functions, derivatives trading, and many more.

How to contact Kotak Securities Customer Care?

Kotak Securities has a strong customer support team for instant solutions. Traders can dial 1800 209 9191.

In addition, traders can chat on WhatsApp number 77389 88888, or they can email kscustomer.communications@kotak.com.

How much is AMC in Kotak Securities?

There is NO AMC of holding value Rs.10,000. If you cross the value, Rs.65 is applicable for up to 10 debit transactions every month and Rs.35/month for more than 30 transactions.

However, Rs.50/month applies to 11 to 30 debit transactions.

For BSDA account holders, AMC is zero for up to Rs.50,000. After that, AMC Rs.100 per year up to Rs.2,00,000.

What are Account Opening Fees in Kotak Securities?

Demat account is FREE for traders under 30 but after the age limit Rs.99 under Trade Free Plan.

What are Pledge Creation Charges in Kotak Securities?

The pledge creation of the firm is 0.05% of the value of securities, minimum payable amount is Rs.30.

How much are Pledge Invocation Fees in Kotak Securities?

The pledge invocation fee is 0.04% of the value of securities. The minimum payable amount is Rs.30.

Does Kotak Securities levy any Interest on Margin Trade Funding?

For the margin trade facility, the interest rate is 0.028%. There is no brokerage fee across all sections.

What are DP Charges in Kotak Securities?

DP is applicable on the whole transaction of the demat account. It has no relation with brokerage fees. You can contact the customer care for more details.

However, the firm launched zero AMC-DP charges plan in 2021.

Does Kotak Securities levy any Account Closure Fees?

NO, investors are not charged for account closing. Go to Account Closure Trading and fill it out appropriately.

What are Account Reactivation fees in Kotak Securities?

Kotak charges Rs.500 for account reactivation. However, traders can avoid this fee if the account has a history of high-value transactions of shares.

What are Call & Trade Charges in Kotak Securities?

The call and trade facility is free for the first 20 calls; after that, an amount of Rs.20 is applicable for each call. Contact their Call & Trade desk for details.