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Kotak Securities Vs ICICI Direct
| | Broker Comparison, Trading | 1 Comment
Kotak Securities Vs ICICI Direct comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
Kotak Securities Vs ICICI Direct Comparison
ICICI direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers,
ICICI Direct is the biggest retail full-service stock broker company in India. Kotak Securities, in a similar manner, founded in 1994 as a subsidiary of Kotak Mahindra Bank, today has a customer base of 11.95 lakh customers. It has a presence across 359 cities in India with 1200+ branches.
Full-service brokers such as ICICI Direct, on the other hand, will help you, spoon feed you, hand hold 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 Vs ICICI Direct 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
- Trading Platforms
- Other Features
Kotak Securities Vs ICICI Direct Details
We hope this article helps you to understand which of the two brokers is better for your needs. Here is Kotak Securities Vs ICICI Direct:
 |  | |
| ICICI Direct Review | Kotak Securities Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2000 | 1994 |
| Number of branches across India | 154 | 1209 |
| Exchanges | BSE, NSE | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹700 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹600 |
| Transaction Charges | ICICI Direct Transaction Charges | Kotak Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.55% | 0.49% |
| Intraday Delivery | 0.275% | 0.049% |
| Equity Futures | 0.03% to 0.05% | 0.049% |
| Equity Options | INR 35 to INR 95 per lot | INR 300 per lot |
| Currency Futures | 0.03% to 0.05% | 0.04% |
| Currency Options | INR 10 to INR 25 per lot | INR 20 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | ICICI Direct Brokerage Calculator | Kotak Securities Brokerage Calculator |
| : | ||
| Equity | Intraday upto 25 times & Delivery upto 5 times | Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum |
| Equity Futures | Upto 4 times for intraday | Upto 5 times Intraday |
| Equity Options | Upto 4 times for intraday | Buying No Margin, Shorting upto 2 times for Intraday |
| Currency Futures | Upto 4 times for intraday | Upto 2 times Intraday |
| Currency Options | Upto 4 times for intraday | 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 | | |
| Research | ICICI Direct Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct 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) | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App | KEAT Pro X, Kotak Stock Trader, Fastlane, Xtralite |
| NSE Complaints Percentage* | 0.01% | 0.02% |
| Complaints | ICICI Direct Complaints | |
| 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 stockbrokers. If yes, would you like to share your experience(s) with Kotak Securities Vs ICICI Direct for the benefits of other readers?
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A Digital Blogger
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Kotak Securities Vs ICICI Direct
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One Comment
Nice comparasion. Thanks