ICICI Direct vs Kotak Securities Comparison: 2024

About ICICI Direct

ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.

ICICI Direct: Overview

The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.

The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for

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

ICICI Direct vs Kotak Securities Account Opening Charges: 2024

ChargeICICI DirectKotak Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹975 (One-time)₹750
Trading Account AMC₹0₹0
Demat Account AMC₹700 per year₹600 per year

ICICI Direct vs Kotak Securities Brokerage Charges and Plans : 2024

ChargeICICI DirectKotak Securities
Plan NameI-Secure PlanFixed Brokerage Plan
Equity Delivery0.55%0.49%
Equity Intraday0.275% 0.049% (both side)
Equity Futures0.050%0.049% (both side)
Equity Options₹95 per lot and Option (Intraday) ₹50 per lot₹300 per lot
Currency Futures0.050% and Currency Futures(Intraday) ₹50N/A
Currency Options₹25 per lot and Currency Options (Intraday) ₹10 per lotN/A
Commodity OptionsN/AFutures 0.070%
Mutual FundN/AN/A

ICICI Direct vs Kotak Securities Margin / Exposure: 2024

SegmentICICI DirectKotak Securities
Equity Delivery5xN/A
Equity IntradayUpto 25xN/A
Equity Future4xN/A
Equity Options2x for shortingN/A
Currency FutureN/AN/A
Currency OptionsN/AN/A
Commodity FutureN/AN/A
Commodity OptionsN/AN/A
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