Fyers vs Kotak Securities Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
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
Fyers vs Kotak Securities Account Opening Charges: 2024
| Charge | Fyers | Kotak Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹600 per year |
Fyers vs Kotak Securities Brokerage Charges and Plans : 2024
| Charge | Fyers | Kotak Securities |
|---|---|---|
| Plan Name | Flat Fee Plan | Fixed Brokerage Plan |
| Equity Delivery | ₹0 | 0.49% |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | 0.049% (both side) |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | 0.049% (both side) |
| Equity Options | ₹20 per executed order | ₹300 per lot |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | N/A |
| Currency Options | ₹20 per executed order | N/A |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | Futures 0.070% |
| Mutual Fund | N/A | N/A |
Fyers vs Kotak Securities Margin / Exposure: 2024
| Segment | Fyers | Kotak Securities |
|---|---|---|
| Equity Delivery | 1x | N/A |
| Equity Intraday | Upto 5x | N/A |
| Equity Future | Upto 4x | N/A |
| Equity Options | Upto 5x | N/A |
| Currency Future | Upto 3x | N/A |
| Currency Options | Upto 3x | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | Upto 3x | N/A |