Interactive Brokers vs Kotak Securities Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

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

Interactive Brokers vs Kotak Securities Account Opening Charges: 2024

ChargeInteractive BrokersKotak Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹750
Trading Account AMC₹0₹0
Demat Account AMC₹0 ₹600 per year

Interactive Brokers vs Kotak Securities Brokerage Charges and Plans : 2024

ChargeInteractive BrokersKotak Securities
Plan NameN/AFixed Brokerage Plan
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order0.49%
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order0.049% (both side)
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order0.049% (both side)
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order₹300 per lot
Currency FuturesMinimum ₹6 and Upto ₹20 per executed orderN/A
Currency OptionsMinimum ₹6 and Upto ₹20 per executed orderN/A
Commodity OptionsN/AFutures 0.070%
Mutual FundN/AN/A

Interactive Brokers vs Kotak Securities Margin / Exposure: 2024

SegmentInteractive BrokersKotak Securities
Equity DeliveryN/AN/A
Equity IntradayN/AN/A
Equity FutureN/AN/A
Equity OptionsN/AN/A
Currency FutureN/AN/A
Currency OptionsN/AN/A
Commodity FutureN/AN/A
Commodity OptionsN/AN/A
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