Is Kotak Securities Good?

Are you planning to open a Kotak Demat account, but are confused is Kotak Securities good? Fret not! In this article, we will look at all the aspects which make Kotak Securities a good pick to start your trading journey. 

Kotak Securities is one of the best banks for demat account as it has stayed focused on delivering the best to its clients and aiming high to provide the best user experience. 

Kotak Demat Account Benefits 

When you think of trading in the stock market, it is important that you have a Demat account. The question in this discussion remains, is Kotak Demat account good? 

Kotak Securities gives you an option of 2 types of accounts, you can choose either one of them based on your requirements. 

1. Kotak Trinity Account 

Kotak Securities offers a 3-in-1 account which consists of a Demat account, a trading account, and a Kotak Mahindra bank account. You don’t have to juggle between three different accounts, so that comes as a plus point. 

The hustle of transferring the funds is also eased with a Kotak trinity account. The opening process of the Kotak Securities account is very simple and you can easily do it online. 

The Kotak Securities account opening and the annual maintenance charges are ₹50 per month.  

2. Kotak 2 in 1 Trading Account 

There is also an option to open a 2-in1 account, which is a mix of a Demat and a trading account. 

You can link the saving account of some other bank to it so that the process of transferring funds becomes easy and convenient. The funds are transferred in T+2 days very conveniently. 

Is Kotak Securities Good for Trading? 

If you are wondering is Kotak Securities good for trading, then let us have a look at the services that it brings for its customers.  

Let us consider three factors which include, the brokerage plans provided by the broker, the trading platforms, and the customer service. 

1. Kotak Securities Brokerage

When choosing a stockbroker, traders and investors usually consider the brokerage fees as one of the most important parameters. 

So, is Kotak Securities good for trading? To know this it is important to understand how does Kotak Securities charges brokerage. 

2. Kotak Trade Free Plan

Kotak Securities has a trade-free plan which is a perfect deal for intraday traders. 

It’s free and the brokerage on intraday trades is zero. The brokerage charges on delivery (equity and commodity) are 0.25% and on all the other F&O, it is ₹20 on every executed order. 

The opening process is simple and absolutely free! 

Thus there is no charge imposed by the broker to start trading, plus the broker comes up with the FREE intraday trading brokerage plan thus benefiting the active traders. 

3. Kotak Securities App

Another important aspect is the trading platform. 

Kotak Securities offers three different trading apps that help you to trade using different devices. 

For mobile trading, the broker offers Kotak Stock Trader, while for desktop or laptop you are provided with the desktop app, Kotak Keat Pro X, and trader terminal Kotak Trade Smart. 

Let’s have a quick glance at their features. 

4. Kotak Stock Trader

Mobile apps are always easy and convenient if you want to trade seamlessly and from anywhere. 

You can easily download the Kotak Stock trader app, from either the PlayStore(for android users) and AppStore (for iOS users). 

It has multiple features like customizable watchlists, timely updates, and also some suggestions from the broker.

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5. Kotak Trade Smart

Kotak Securities also gives you a trading terminal that is very convenient and a perfect deal for people who love multitasking.

The trading terminal is easy to access and you can easily get it from the Kotak Securities website. All the features are on a single screen that makes it even more convenient. 

The Kotak trade smart terminal also has some added services like Trade smart derivatives, TradeSmart Insights, and TradeSmart Trends.  

6. KEAT Pro X

If you are used to using big screens, then KEAT Pro X is perfect for you. It is provided to all the Kotak Securities clients and can be easily downloaded on both windows, and MAC.

It is fast and very convenient to use. It also gives you complete control of your portfolio. 

Apart from the great trading platforms, there are other features of the Kotak Securities as well that make it safer and great. 

This includes their great customer care services as well. 

7. Kotak Securities Customer Care 

Last but not least is the customer support services. Although the broker is full-service and has multiple branches thus offering offline support services to its customers. 

But apart from this, the online customer support channel includes a WhatsApp chat feature, wherein you can chat easily and get all your answers. 

There is a toll-free number and an email as well which makes the work although more convenient. 

Why Kotak Securities? 

Not just the great services that it provides, but it also has some more laurels to its name. Serving a customer base of almost 17 lakhs, it has almost 8 lakh trades every day.

In addition to this, it also has a lot of awards in its bucket. Some of these awards are. 

• Kotak Securities bagged the best broker award by Finance Asia Country Awards for the year 2019.
• It also won a Gold Award at ACEF for its successful use of technology and great email marketing.
•  At the same time, it bagged a silver award at ACEF for its data-driven marketing and great use of technology. 
• The title award “Early adopter of Analytics” is also a feather in its cap. It was for putting analytics to use in client management. The award was presented at the Machine Learning Conference in 2018. 

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Conclusion 

To sum it up, it is fair to say that Kotak Securities has come a long way in all aspects. 

With its great trading platforms and brokerage plans, it is affordable and also a great pick especially if you are an intraday trader. But still, to grab a better understanding it is good to compare its services with other full-service stockbrokers. So check the complete review on Kotak Securities vs Angel Broking and make a wise decision before starting your investment journey. 

 If you are convinced by now, open your Kotak Securities Demat account today and enjoy the benefits. 

For assistance in account opening, fill in the basic details in the form below and get your Demat account opened for FREE!

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