Kotak Securities: Commodity Trading: Brokerage, Charges, Reviews: 2024

Kotak Securities is a Bank based Stock Broker. It is a subsidiary of Kotak Mahindra Bank. Kotak Securities was incorporated in 1994 as a Full-Service Broker. Now it has over 7.5 Lakh, active clients. It is a member of NSE (National Stock Exchange), BSE (Bombay Stock Exchange), CDSL (Central Depository Service Limited) and, NSDL (National Securities Depository Limited).

It offers many investment products like Equities, Commodities, Currency, IPOs, etc.

Kotak Account Charges:

The account opening charges in Kotak Securities are Zero. There is a Monthly Maintenance Fee of Rs 50 every month. This translates to Rs 600 annually. These were some of the charges that you have to bear at the time of account opening. Now let’s look at an important aspect, Brokerage. Kotak Securities also provides a 3 in 1 account where it provides a savings bank account (Kotak 811 account) along with a Demat and a Trading account. All integrated into one.

Brokerage:

Kotak Securities has recently launched a new plan known as the “Trade Free Plan”. Under this plan, every intraday trades, in Equity, Commodities, Currencies, and derivatives will have no brokerage. This means that if you do intraday trades using the Trade Free plan, you will pay ‘0’ Brokerage on commodities trading. If you want to carry forward your position or take leveraged trades where you get more margin. You will have to pay Rs 50 Per Order. This is an excellent brokerage plan but in order to activate the Derivatives segment, you will have to deposit an initial sum of Rs 50,000. Without the initial deposit of Rs 50,000, you won’t be able to trade in Commodities or Equity Futures & Options.

Kotak Securties Account:

To conclude, Kotak Securities is a good option for intraday traders as the brokerage is completely free. Even for positional and swing traders, the brokerage is low at Rs 20 per order. The only demand for trading in commodities is that you have to make an initial deposit of a minimum of Rs 50,000. So traders and investors can consider Kotak Securities while opening a Demat account.