Kotak Securities Review
A premium bank-backed broker that has successfully pivoted to offer discount-style pricing.
Bank-Backed
Open Account
Background
Introduced the 'Trade Free Plan' and 'Trade Free Youth' to compete with discount upstarts.
Who Should Choose Kotak Securities?
Traders seeking the reliability of a bank with the low costs of intraday trading.
Charges Breakdown
| Account Opening | Free (Trade Free Plan Rs 99) |
|---|---|
| Equity Delivery | Rs 0 (for youth) or 0.25% |
| Intraday | Rs 0 |
| F&O | Rs 20 per order |
| Commodity | Rs 20 per order |
| AMC (Annual) | Rs 600 / year |
| Other Charges | Varies by plan |
Trading Platforms
- Web Platform: Modern, fast, browser-based trading platform with TradingView charts.
- Mobile App: Highly rated mobile app available on iOS and Android with biometric login.
- Desktop Terminal: Installable desktop terminal for high-frequency traders.
Key Features
Margin Facility
Research Tools
API Access
Advanced Charts
Pros
- ✅ Zero intraday brokerage on all segments
- ✅ Highly reliable bank-backed infrastructure
- ✅ Deep research reports
Cons
- ❌ Delivery brokerage is still percentage-based on standard plans
- ❌ App can be resource heavy
The Final Verdict
8.7out of 10
Who Should Avoid: Traditional investors not eligible for youth plans wanting free delivery.