Reviews of Stock Brokers

Kotak Securities

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Kotak Securities, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Kotak Securities founded in 1994 by Uday Raj Kotak is a Public company headquartered in Mumbai, India India. As a Full Service Broker, Kotak Securities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Kotak Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewKotak Securities
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterMumbai, India
FoundersUday Raj Kotak
Foundation Year1994
Supported ExchangesBSE, NSE, MCX, NCDEX
Total branches1209

Kotak Securities Account opening charges

To begin trading with Kotak Securities, you need to open a trading account and a Demat account. Kotak Securities charges Zero for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free or Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesKotak Securities
Trading Account Opening ChargesZero
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Rs.500 per Annum
Margin MoneyMinimum Rs.25,000
Offline to Online ChargesNot applicable
DepositoryNSDL & CDSL

Kotak Securities Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Kotak Securities brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesKotak Securities
Equity Delivery Brokerage0.49%
Equity Intraday Brokerage0.49%
Equity Futures Brokerage0.49%
Equity Options BrokerageRs.100 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesKotak Securities
Currency Futures Brokerage0.049%
Currency Options BrokerageRs.70 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesKotak Securities
Commodity Options BrokerageNA

Kotak Securities Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesKotak Securities
Minimum Brokerage ChargesRs.21 per Trade
Transaction Brokerage Charges0.00320% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 20 per call after first 20 free calls in a month

Kotak Securities Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Kotak Securities:

Equity LeverageKotak Securities
Equity DeliveryUpto 10x
Equity IntradayUpto 20x
Equity FuturesUpto 10x
Equity OptionsUpto 20x

Kotak Securities Currency Leverage

Currency LeverageKotak Securities
Currency FuturesUpto 10x
Currency OptionsUpto 15x

Kotak Securities Commodity Leverage

Equity LeverageKotak Securities
CommodityUpto 10x

Kotak Securities Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersKotak Securities
Free Stock Trading AccountNo
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursYes
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesYes

Kotak Securities Features

FeaturesKotak Securities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 12x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Kotak Securities Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesKotak Securities
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Kotak Securities Trading Platforms

The Kotak Securities trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Kotak Securities Trading Platforms

Desktop Trading PlatformsKotak Securities
Desktop BrowserYes

Kotak Securities Mobile App

The Kotak Securities mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppKotak Securities
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Kotak Securities Web Trading

For web-based trading, Kotak Securities offers a powerful trading website known as Kotak Securities trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Kotak Securities Trade Terminal

Kotak Securities offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Kotak Securities Customer Support

Customer SupportKotak Securities
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportYes
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches160

Kotak Securities Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Kotak Securities.

BSE ComplaintsKotak Securities
BSE Complaints185
BSE Resolved Complaints182
Percentage of resolved BSE complaints98.38 %
NSE Complaints226
NSE Resolved Complaints214
Percentage of resolved NSE complaints94.69 %
BSE/NSE Complaint vs. Resolved Percentage96.53 %


In conclusion, Kotak Securities offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Kotak Securities can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.