Upstox vs Kotak Securities Comparison: 2024

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

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

Upstox vs Kotak Securities Account Opening Charges: 2024

ChargeUpstoxKotak Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹249₹750
Trading Account AMC₹0₹0
Demat Account AMC₹300 per year (paid monthly)₹600 per year

Upstox vs Kotak Securities Brokerage Charges and Plans : 2024

ChargeUpstoxKotak Securities
Plan NameBasicFixed Brokerage Plan
Equity Delivery₹0 (FREE)0.49%
Equity Intraday₹20 per trade or 0.05% (whichever is lower)0.049% (both side)
Equity Futures₹20 per trade or 0.05% (whichever is lower)0.049% (both side)
Equity Options₹20 per trade or 0.05% (whichever is lower)₹300 per lot
Currency Futures₹20 per trade or 0.05% (whichever is lower)N/A
Currency Options₹20 per trade or 0.05% (whichever is lower)N/A
Commodity Options₹20 per trade or 0.05% (whichever is lower)Futures 0.070%
Mutual FundN/AN/A

Upstox vs Kotak Securities Margin / Exposure: 2024

SegmentUpstoxKotak Securities
Equity Delivery1x (no margin)N/A
Equity IntradayBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27xN/A
Equity FutureBasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6xN/A
Equity OptionsBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3xN/A
Currency FutureBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5xN/A
Currency OptionsBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5xN/A
Commodity FutureBasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4xN/A
Commodity OptionsN/AN/A

Upstox vs Kotak Securities Commodity Charges and Plans: 2024

Upstox charge ₹20 per trade or 0.05% (whichever is lower) for commodity and Kotak Securities charge Futures 0.070% for commodity.
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