Looking for Low Brokerage, High Margin & Free Tips?
Reliance Money Vs Kotak Securities
| | Broker Comparison, Trading | No Comments
Reliance Money Vs Kotak Securities comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Reliance Money Vs Kotak Securities 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.
On a similar front, Reliance Money is the trading arm of Reliance Capital. It was founded in the year 2006 and currently has a customer base of 7 lakh with presence in over 1700 branches.
This aspect makes both of these broking firms almost similar in their propositions, however, they do differ in different aspects which can play vital roles in a customer’s trading experience.
To make things easy for you, we have listed out the comparison between Reliance Money Vs Kotak Securities to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Other Features
Reliance Money Vs Kotak Securities 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.
 |  | |
| Reliance Securities Review | Kotak Securities Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2006 | 1994 |
| Number of branches across India | 1700 | 1209 |
| Exchanges | NSE, BSE, & MCX-SX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹950 | INR 750 |
| Trading Account Annual Maintenance Charges | ₹0 | INR 0 |
| Demat Account Opening Charges | ₹0 | INR 0 |
| Demat Account Annual Maintenance Charges | ₹400 | INR 600 |
| Transaction Charges | Reliance Securities Transaction Charges | Kotak Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% to 0.08% | 0.49% |
| Intraday Delivery | 0.05% to 0.005% | 0.049% |
| Equity Futures | 0.05% to 0.005% | 0.049% |
| Equity Options | ₹7 to ₹10 per lot | INR 300 per lot |
| Currency Futures | 0.04% | 0.04% |
| Currency Options | ₹40 per lot | INR 20 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | Reliance Securities Brokerage Calculator | Kotak Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum |
| Equity Futures | Upto 3 times for Intraday | Upto 5 times Intraday |
| Equity Options | No Leverage | Buying No Margin, Shorting upto 2 times for Intraday |
| Currency Futures | No Leverage | Upto 2 times Intraday |
| Currency Options | No Leverage | Buying No Margin, Shorting upto 2 times for Intraday |
| Commodities | NA | Upto 2 times Intraday |
| 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 | | |
| 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) | InstaExpress | KEAT Pro X, Kotak Stock Trader, Fastlane, Xtralite |
| Total BSE+NSE Complaints | 69 | 172 |
| 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.
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 stock brokers. If yes, would you like to share your experience(s) with Reliance Money Vs Kotak Securities for the benefits of other readers? Please feel free to share in the comments below.
In case you are looking to open a Demat account, get started by entering basic details below:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Reliance Money Vs Kotak Securities
Overall Rating
