Looking for Low Brokerage, High Margin & Free Tips?
Kotak Securities Vs 5Paisa
| | Broker Comparison, Trading | No Comments
Kotak Securities Vs 5Paisa is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Kotak Securities Vs 5Paisa so that you get a 360-degree view about which broker to go ahead with.
Kotak Securities Vs 5Paisa Comparison
Kotak Securities was founded in 1994 as a subsidiary of Kotak Mahindra Bank and today it has a customer base of 11.95 lakh customers. It has a presence across 359 cities in India with 1200+ branches.
5Paisa is a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across Equity, Currency, Insurance and Mutual Funds.
Everything about discount brokers such as 5Paisa is Online, be it – customer service, trading, account opening and so on. Full-service brokers as Kotak Securities will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Kotak Securities and 5Paisa to help you find which of the two suits your needs better.
The comparison is made on various aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Kotak Securities Vs 5Paisa Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
 |  | |
| 5Paisa Review | Kotak Securities Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2015 | 1994 |
| Number of branches across India | 2 | 1209 |
| Exchanges | BSE, NSE, MCX-SX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹250 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹600 |
| Transaction Charges | 5Paisa Transaction Charges | Kotak Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹10 per executed order | 0.49% |
| Intraday Delivery | ₹10 per executed order | 0.049% |
| Equity Futures | ₹10 per executed order | 0.049% |
| Equity Options | ₹10 per executed order | ₹300 per lot |
| Currency Futures | ₹10 per executed order | 0.04% |
| Currency Options | ₹10 per executed order | ₹20 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | 5Paisa Brokerage Calculator | Kotak Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 15 times for Intraday & Upto 4 times for Delivery | Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of ₹75/Lakh/day or @24%/annum |
| Equity Futures | Upto 2 times for Intraday | Upto 5 times Intraday |
| Equity Options | Upto 2 times for Intraday | Buying No Margin, Shorting upto 2 times for Intraday |
| Currency Futures | Upto 2 times for Intraday | Upto 2 times Intraday |
| Currency Options | Upto 2 times for Intraday | Buying No Margin, Shorting upto 2 times for Intraday |
| Commodities | NA | Upto 2 times Intraday |
| Margin | 5Paisa Margin | |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | 5Paisa Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | 5Paisa Trade Station, 5Paisa Trader Terminal, 5Paisa Mobile App | KEAT Pro X, Kotak Stock Trader, Fastlane, Xtralite |
| Complaint Percentage of Active Clients | 0.06% | 0.01% |
| OVERALL RATING |  | |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Kotak Securities Vs 5Paisa for the benefits of other readers? Please feel free to share in the comments below.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Kotak Securities Vs 5Paisa
Overall Rating
