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Kotak Securities Vs Upstox
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Kotak Securities Vs Upstox 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.
Kotak Securities Vs Upstox Comparison
Here is a point by point comparison of Kotak Securities Vs Upstox. 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. Upstox is a discount broker launched by 3 co-founders in 2012. Today, RKSV does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
Everything about discount brokers such as Upstox is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as Kotak Securities, on the other hand, 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 Upstox 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 Upstox 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.
 |  | |
| Upstox Review | ||
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 2012 | 1994 |
| Number of branches across India | 3 | 1209 |
| Exchanges | NSE, BSE, MCX and MCX – SX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹150 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹150 | ₹600 |
| Transaction Charges | Upstox Transaction Charges | Kotak Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹0 | 0.49% |
| Intraday Delivery | ₹20 per executed order | 0.049% |
| Equity Futures | ₹20 per executed order | 0.049% |
| Equity Options | ₹20 per executed order | ₹300 per lot |
| Currency Futures | ₹20 per executed order | 0.04% |
| Currency Options | ₹20 per executed order | ₹20 per lot |
| Commodity | ₹20 per executed order | NA |
| Brokerage Calculator | Upstox Brokerage Calculator | Kotak Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 times Intraday | Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of ₹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 | Upto 3 times for Intraday | 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) | NEST, Upstox, Upstox Pro | KEAT Pro X, Kotak Stock Trader, Fastlane, Xtralite |
| Total BSE+NSE Complaints %age | 0.12% | 0.04% |
| 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 or Upstox for the benefits of other readers? Please feel free to share in the comments below.
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Broker Name
Kotak Securities Vs Upstox
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