Kotak Securities: Trading & Demat Account, Reviews, Charges: 2024

Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.

With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.

Kotak Securities: An Overview of the Stock Broker

Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well over 11.95 lakh customers.

They offer trading facilities with the National Stock Exchange and the Bombay Stock Exchange. Furthermore, they are depositary participants of Central Depository Services (CDSL) and the National Securities Depository Services (NSDL). Adding to this, they were the first to come out with a mobile application that provided stock trading services right from your smartphone and get SMS alerts for any transaction made through the recipient's account.

For all such efforts and paving the way of technological innovation, the broker has been felicitated with several prestigious awards such as best broker – 2018 by Triple A Asset Country Awards "Best advisors south Asia category," "Early adopter of analytics" by machine learning conference in 2018 and several other recognitions.

As a full-service broker, there is a wide range of investments and trading that users can choose from. These options include mutual funds, IPO, currency derivatives, portfolio management, share/stock trading, share lending services, depository services, and much more.

Kotak Securities: Key Highlights

3-in-1 Demat account that helps in seamless transactions without any delay.24/7 customer care support that can be reached easily either through online chat, mail, or call. All your investment desires can be fulfilled through one platform. The broker has many investment options that would entice any trader/investor to choose the platform.

There are several trading platforms offered by the broker, with each focused on different areas. There are a desktop application, a mobile application, and a website as well. Kotak Securities offers a unique website/application just for traders/investors with a slower internet connection.

Types of accounts offered by Kotak Securities

1. Kotak Gateway

It's a gateway to multiple features and services that the broker has to offer. The particular account offers multiple trading services and technological features with different brokerage charges for each trade executed.

2. Auto Invest

Reminiscent from its name, the account is opened by the user looking to invest in mutual funds, ETF's and equities at a specific date of every month. The minimum investment required to open such an account is 5000 rupees.

3. Kotak Freedom

The account is provided to users looking to make mutual funds' investments offered by the broker or other brokers.

4. 3-in-1 account

In this type of account, users get a Demat account, savings account, and trading account. These are interlinked with one another, making all trades, investments, and withdrawals a seamless process without any delay. Traders/investors can trade in IPO, Equity, currency derivatives, tax-free bonds, mutual funds, and much more.

5. Kotak Super Saver

The account provides users with a fixed brokerage fee. Often is a flat fee on orders executed. It typically comprises of a low margin account.

6. PMS

Portfolio management services are an integral step in maintaining records of your investment. For the same, the broker offers an account where an expert would help manage it to keep everything in order.

7. Kotak Privilege circle

Such an account is for the elite and veterans looking to open up trading accounts with Kotak Securities. Through such an account, users get to reap all the top shelf benefits offered by the broker. In addition to the same, they get dedicated customer services, KEAT premium, which is a tool that helps in giving a detailed orientation of your gains and losses made in any given period and much more.

8. NRI Account

For NRI's to open a trading account in the country and invest/trade in the stock market.

Brokerage Plans Offered

1. Dynamic Brokerage Plan

These brokerage deals are suitable for those who make frequent trades and get some subsidized brokerage fees from the nominal rates.

2. Fixed Brokerage Plan

The brokerage plans involves a fixed rates irrespective of the trade being carried out. These are suited more towards traders/newbies entering the trading game.

3. Free Intraday Trading

Acting like an annual subscription plan, traders can pay a one-time fee of 999 rupees and avail of an exhaustive array of trading services. There is no brokerage charged on anything. It's a perfect solution for those that have multiple trades being made in a day.

Trading Platforms Offered by the Broker

1. Mobile Stock Trading

There are dedicated mobile applications designed & developed by Kotak themselves, which offer services such as trading, portfolio manager, intraday chart viewing, and much more.

2. Website Based Trading

Quite a popular trading website that the traders and investors using Kotak Securities can execute their trades and interact with the stock market. Also, another version called "Xtralite" offers services to users with slow internet connections.

3. Trading Terminals

There two trading applications that Kotak securities offer for executing trades. These are KEAT Pro X and FASTLANE. Each comprises of a similar core performance; however, the interface and user experience is quite different.

Kotak Securities: Review

Kotak Securities is a broker that has been in the game of offering trading services for decades. It has the workforce, technological implementations, and much more to make it exceptionally stable and secure. Do take your time before you get into the full services broker as there are some cons related to the brokerage fee and the limited trading options it has to offer. Overall the broker is truly packed with multiple features that will not disappoint.