Angel Broking vs Kotak Securities Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
About Kotak Securities
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
Angel Broking vs Kotak Securities Account Opening Charges: 2024
| Charge | Angel Broking | Kotak Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹600 per year |
Angel Broking vs Kotak Securities Brokerage Charges and Plans : 2024
| Charge | Angel Broking | Kotak Securities |
|---|---|---|
| Plan Name | iTrade Prime | Fixed Brokerage Plan |
| Equity Delivery | ₹0 | 0.49% |
| Equity Intraday | Flat ₹20 per executed order | 0.049% (both side) |
| Equity Futures | Flat ₹20 per executed order | 0.049% (both side) |
| Equity Options | Flat ₹20 per executed order | ₹300 per lot |
| Currency Futures | Flat ₹20 per executed order | N/A |
| Currency Options | Flat ₹20 per executed order | N/A |
| Commodity Options | Flat ₹20 per executed order | Futures 0.070% |
| Mutual Fund | N/A | N/A |
Angel Broking vs Kotak Securities Margin / Exposure: 2024
| Segment | Angel Broking | Kotak Securities |
|---|---|---|
| Equity Delivery | Upto 3x | N/A |
| Equity Intraday | Upto 10x | N/A |
| Equity Future | Upto 4x | N/A |
| Equity Options | 3x for shorting | N/A |
| Currency Future | Upto 2x | N/A |
| Currency Options | Upto 5x for shorting | N/A |
| Commodity Future | 3x | N/A |
| Commodity Options | N/A | N/A |