Kotak Securities and Angel Broking are two big names in the stockbroking industry. Both of the brokers are full-service brokers, so how will you choose which one to pick! For this let’s dive into the detail of Kotak Securities vs Angel Broking.
This is the same question that is running in the mind of Priya and Shalini.
Priya and Shalini are sure that they want to open a Demat account with a full-service broker, but looking at the wide range of choices, they are struggling and are still unable to make a decision.
Priya is a beginner and Shalini has little experience of the stock market. So if you are also facing trouble making that decision, we will compare Kotak Securities (a full-service bank-based broker) and Angel Broking in great depth.
There are many factors on which you can consider before picking the right stock broker for yourself. Some of the factors that we will cover in this article are:
- Company Background
- Charges
- Demat Account
- Account Features
- Order types
- Margin
- Trading Platforms
- Customer Care
- Products and Services
- Investments Services
- Research and Advisory
Difference Between Kotak Securities and Angel Broking
At the onset of this comparison, Angel Broking Vs Kotak Securities, it is important to analyze the basics. Both the brokers are full-service brokers, so it is more difficult to pick one from the two.
Kotak Securities was established in 1994 which is much earlier than Angel Broking. But Angel Broking over the years has made it to the list of the most popular stockbrokers in the industry. To have a clear idea about the progress of both the brokers, let us look at some of the details like revenue and profit/loss.
Difference Between Kotak Securities and Angel Broking | ||
Kotak Securities | Angel Broking | |
Type of Company | Subsidiary of Kotak Mahindra Bank | Listed Company |
Profit/Loss | ₹535.05 cr | ₹86 cr |
Revenue | ₹1851.74 cr | ₹710 crores |
To have a clearer idea, let us look at some more details of the stockbrokers. Though Angel Broking lacks in profit and revenue in comparison to Kotak Securities, it still has worked well to be one of the top competitors of the stockbroking industry.
Company Background | ||
Broker | Kotak Securities | Angel Broking |
Type of Broker | Full-Service Broker | Full-Service Broker |
Headquarter | Mumbai, India | Mumbai, India |
Founder | Uday Kotak | Vinay Aggarwal |
Supported Exchanges | NSE, BSE, MCX, NCDEX | NSE, BSE, MCX, NCDEX |
Depository | NSDL & CDSL | NSDL & CDSL |
Launched In the Year | 1994 | 1987 |
Active Users | 4,37,822 | 4,12,809 |
Number of Branches | 1,539 | 120+ |
Also, both of them are registered with NSDL, CDSL, NCDEX, MCX. This makes it very easy for investors to trade in all kinds of segments without having the trouble to hustle between two stockbrokers for two different segments. Both of them are full-service brokers and prestigious ones. Angel Broking has also been growing it’s PAN India reach which is easily grabbing the attention of the investors.
It is also very important to look at the resolved complaints of the stockbrokers, so let us have a look at the performance of Angel Broking and Kotak Securities based on this.
Complaints Percentage | ||
Kotak Securities | Angel Broking | |
Number of Complaints Received | 225 | 141 |
Number of Complaints Resolved | 212 | 130 |
Percentage of Complaints Received | 0.04% | 0.05% |
Percentage of Complaints Resolved | 100% | 100% |
The number of complaints is lesser in Kotak Securities which gives it a very strong advantage. With the massive number of active clients and lesser number of complaints, it is definitely a hit. Although the resolved complaints percentage is 100 for both the stockbrokers.
Kotak Securities Vs Angel Broking Charges
When it comes to choosing a stockbroker, it is very essential that you consider the charges. An investor will always look for something that is affordable and gives a good value.
When looking at the charges information one must consider all kinds of fees associated with the account opening to trading and other hidden fees.
Let’s start a comparison of Kotak Securities vs Angel Broking by comparing their Demat account charges.
Kotak Securities Vs Angel Broking Demat Charges
The first thing that comes to mind is the opening price and also the AMC of the two stockbrokers. AMC is the account maintenance charge that is charged by the stockbrokers and can be charged monthly, quarterly, and also on an annual basis.
Demat Account Charges | ||
Demat Charges | Kotak Securities | Angel Broking |
Account Opening charges | Free | Free |
Account maintenance Charges | ₹50/month | ₹20/month (from the second year) |
Dematerialization Charges | ₹ 150 per certificate + ₹ 50/request (courier charges) | ₹ 50/Certificate |
Rematerialization Charges | ₹10 for 100 securities (shares, bonds, mutual fund units, etc.; subject to a minimum of ₹15) | ₹ 50/Certificate and CDSL Charges |
Pledge Creation Charges | 0.05% of the value of securities (subject to a minimum of ₹30) | ₹ 20/ISIN |
Along with the initial cost, one must consider the brokerage fees as well. So, let’s compare the account opening fees of the broker. Since the AMC of Angel Broking is less than Kotak Securities, it can be a good option for those not willing to pay more AMC. But looking only at the account opening fees and AMC should not only be the parameter when choosing a stockbroker.
Kotak Securities Vs Angel Broking Brokerage Charges
To clear the confusion let us look at the Kotak Securities charges Vs Angel Broking charges, let us carefully look at the details of the brokerage fees given in the table below.
Brokerage Charges | ||
Segments | Kotak Securities Trade Free Plan | Angel Broking iTrade Plan |
Equity Delivery Brokerage | 0.25% of trade | FREE for lifetime |
Equity Intraday Brokerage | FREE | Flat Rs. 20 or 0.25% (whichever is lower) |
Equity Futures Brokerage | ₹20 per lot | Flat Rs. 20 or 0.25% (whichever is lower) |
Equity Options Brokerage | ₹20 per lot | Flat Rs. 20 or 0.25% (whichever is lower) |
Currency Futures Trading Brokerage | ₹20 per lot | Flat Rs. 20 or 0.25% (whichever is lower) |
Currency Options Trading Brokerage | ₹20 per lot | Flat Rs. 20 or 0.25% (whichever is lower) |
Commodity Futures Trading Brokerage | ₹20 per lot | Flat Rs. 20 or 0.25% (whichever is lower) |
So, in the case of Priya, she has to pay ₹20 as the flat brokerage, but in Shalini’s case, it is either ₹20 or 0.25% whichever is lower. So 0.25% of 7200 is ₹18. So she will pay ₹18. In this case, Shalini will give less brokerage and this can be beneficial.
To understand the brokerage better, let us take the example of Priya and Shalini. Suppose Priya is convinced to open an account with Kotak Securities and Shalini wants to open it with Angel Broking. Suppose they both bought the same number of stocks for the same price and the total turnover is ₹7200 and the trading is done in the equity futures segment.
So, what can we make out of this discussion? The charges of both the stockbrokers are almost the same. The major difference lies in the intraday and delivery brokerage.
In the Kotak Securities Trade Free plan, the intraday brokerage is zero. So if you are looking for a full-service, reliable, and affordable broker for intraday trading, Kotak Securities is the right choice.
If you are looking for delivery trading, then Angel Broking i-Trade plan gives you free delivery trades without any limit. So, depending on the type of trade that you want to majorly place, you can choose the broker.
Reap the benefits of trade at the lowest fees. To get started, open the Demat account for FREE!
Kotak Securities Vs Angel Broking DP Charges
There are some charges which are not mentioned on the contract notes but are still levied on the trades. These are the DP charges. The dp charges of both are brokers are given below.
DP Charges | ||
Kotak Securities | Angel Broking | |
DP Charges | ₹0.04% of the value of securities (subject to a minimum of ₹20) | ₹ 20/Debit Transaction |
The DP charges of Angel Broking are less when compared to Kotak Securities as they have a flat ₹20 fees.
Kotak Securities vs Angel Broking Account Features
Once you have opened the account, it is important that you have a look at the features as well so that you know exactly what you will be getting. The account features of both the stockbrokers are given below:
Account Features | ||
Features | Kotak Securities | Angel Broking |
SMS Alert | ✔ | ✔ |
Guest Demo | ✖ | ✖ |
Margin Funding | ✔ | ✔ |
Online Portfolio | ✔ | ✔ |
Referral Program | ✔ | ✔ |
There is an absence of guest demo in both the stockbrokers which does not really work in the favor. Apart from that, the facilities provided by both the stockbrokers are almost the same. So if like Priya and Shalini you are unable to make a decision till now, let us look at some more criteria.
Kotak Securities Vs Angel Broking Trading Platforms
When you start trading in the stock market, there are various trading platforms available that make your trading experience easier. It is important that the stockbroker you choose has some simplified trading platforms so that you can trade easily and make good money in the stock market.
The various trading platforms provided by Kotak Securities and Angel Broking as given below.
Trading Platforms | ||
Trading Platform | Kotak Securities | Angel Broking |
Web-based | Kotak KEAT Pro X | Trade Angel Brokin |
Mobile App | Kotak Stock Trader | Angel Broking App |
Terminal | Kotak Trade Smart | Angel SpeedPro |
Now, to sum it up let us look at the given table.
So both the brokers offer you the website, app, and desktop app trading platforms. So which one to use? Going by the credibility and time in the market, Kotak Securities was the one introducing online trading for the first time.
It has also bagged some awards for its tremendous performance in this field.
When you talk about the growth, then Angel Broking has shown an impressive curve over the years. So it is safe to say that both the stockbrokers are a great catch when it comes to trading platforms.
To offer better support to the statement let’s look at the ratings and the features offered by the trading app of Kotak Securities and Angel Broking.
Mobile Trading App Features | ||
Features | Kotak Securities | Angel Broking |
Reviews and Ratings | ||
Number of Indicators | 20 | 100 |
Number of Charts | 4 | 7 |
Order type | Stop loss, Bracket Order, Cover Order, GTD, IOC, AMO | Stop loss, Bracket Order, Cover Order, AMO, IOC |
Also, Angel Broking offers a brief report of the Fundamentals of the particular stock that further helps you in picking stocks for the long-term investment.Apart from the better user interface, Angel Broking offers many more options of charts and indicators that make it easier for the trader to do in-depth technical analysis of stocks.
So without any second thought, keeping all other parameters aside, you can gain a better experience of trading using the renowned and the known stockbroker of the industry Angel Broking.
Kotak Securities Vs Angel Broking Algo Trading Platform
Algo trading is the new trend in the stock market. If interested in algo trading, then you should have a complete look at the algo trading platforms of both the stockbrokers.
Kotak Securities does not offer you an Algo trading platform. So, if you are someone who is looking for algo trading, then Kotak Securities is not an ideal choice for you.
On the other hand, Angel Broking gives you the benefit of algo trading. But how is the platform like? Let us understand the use and benefits of the algo trading platform of Angel Broking.
Angel Broking Smart API is the algo trading platform that gives you a chance to practice algo trading efficiently. The features of Smart API are,
- It gives you a wide range of free APIs which are best suited for retail investors.
- You can work on your trading product using this and make it worthy to trade.
Currently, Angel Broking is partnered with 24 different algo trading platforms including Kuants, Algorcrab, Square-off, Algo FNO, Alogji, Quant Tower and lots more.
Algo Trading Platform | ||
Kotak Securities | Angel Broking | |
No. of Platform | 0 | 24 |
If you are someone who is looking to try algorithmic trading, have a startup related to the stock market, and have an audience focusing on investment ideas, then this is the best option for you.
Kotak Securities Vs Angel Broking Margin
Margin can be an important point for some traders before deciding on the stockbroker. The margin is very similar to a loan. There are various stockbrokers that give different margins on the trades and also according to the scrips.
Recently there are a lot of changes made in the margin, because of the SEBI circular. Let us have a look at the margin provided by Kotak Securities and Angel Broking.
Margin Trading Trading Segments Kotak Securities Angel Broking Equity Delivery 1x Up to 2-3 X Equity Intraday Up to 10x Up to 20-30X Equity Futures 1x Up to 2-3X Equity Options Up to 2x on Selling Up to 2-3X Commodity Futures 1x Up to 2-3X Commodity Options Up to 2x on Selling Up to 2-3X Currency Futures 1x Up to 2-3X Currency Options Up to 2x on Selling Up to 2-3X
Suppose you want to buy the shares of ABC company. You have ₹10,000 in your trading account. The current market price of the share is ₹100. And later the price became ₹150. So let us now see how having different demat accounts can impact your margin on intraday trading. Going by the given data, Kotak Securities gives a higher margin. But how will it benefit you? Let us understand this with the help of an example.
Kotak Securities-margin is 10X.
So, now the amount will be ₹1,00,000. So now you will be able to sell these shares at ₹1,50,000, giving you a profit of ₹50,000.
Angel Broking- 20X-30X
So, now the amount now becomes ₹2,00,000- ₹3,00,000. Let us take the example of ₹2,00,000. So now you can sell all the shares for ₹3,00,000, getting a profit of ₹1,00000.
Going by this, we can say that you get a higher margin in Angel Broking so there are chances of higher profits when compared to Kotak Securities. This is how the margin of the brokers will affect your profit.
So you can look at the margins of both the stockbrokers and decide which one is the best for your trading journey.
Reap the maximum benefits of trade with margin trading. Open a Demat account now for FREE and get started!
Kotak Securities vs Angel Broking Products and Services
Apart from the basic services, there are some additional services given by the stockbrokers as well. What are these and does your broker of choice gives you an opportunity to benefit from it?
Let us discover this together.
Products and Services | ||
Kotak Securities | Angel Broking | |
Call and Trade | ✔ | ✔ |
NRI Services | ✔ | ✔ |
Multiple Brokerage Plan | ✖ | ✖ |
Refer and Earn | ✔ | ✔ |
But here it becomes important to consider the charges imposed by the broker to provide this service. As we can see that both the broker offers the call and trade service that helps you in placing the trades using a simple call is a very beneficial feature when for whatever reason you are unable to place your trade online.
On one hand, Kotak Securities offers the first 20 calls for free, and charges is ₹20/call later Angel Broking charges ₹20 for every call and trade option without any option for free service.
Kotak Securities Vs Angel Broking Research and Advisory
As a beginner, all the people involved in the stock market actively look for research and advice.
Being full-service stockbrokers, both Kotak Securities and Angel Broking provide all the research and advice. The timely news updates are an added feature.
Research and Advisory | ||
Kotak Securities | Angel Broking | |
Daily Market Report | ✔ | ✔ |
Free Tips | ✔ | ✔ |
News Alert | ✔ | ✔ |
Fundamental Reports | ✔ | ✔ |
Company Reports | ✔ | ✔ |
IPO Reports | ✔ | ✔ |
Offline Advisory | ✔ | ✔ |
So, if you are a beginner, opening an account with a full-service broker is the best deal for you because it will guide you to the best profits. It is, therefore, the best option for Priya as she is completely new to the stock market.
Kotak Securities Vs Angel Broking Customer Support
Have you ever faced issues and were unable to resolve them? This is the time when most investors and traders rely on customer support.
It is very essential that the stockbroker has the right customer support and one that is easily accessible. It is very important to solve your queries.
So now let us have a look at Kotak Securities customer care and Angel broking Customer care services.
Customer Support Service | ||
Kotak Securities | Angel Broking | |
Online Support | ✔ | ✔ |
Email Support | ✔ | ✔ |
Chat Support | ✔ | ✔ |
Toll-Free Number | ✔ | ✔ |
On analyzing the customer care support services, Angel Broking is much active and offers a better response comparatively. Although both the brokers offer decent customer support portals, many times customers complain about the unresponsive behavior of Kotak Securities.
Conclusion
The two big names in the stockbroking industry definitely can make it difficult for anyone to pick one, let alone Priya and Shalini. The first thing that you should consider is the type of segment and format you want to take.
If you are looking to solely focus on intraday trading, then Kotak Securities is the best bet for you.
You can trade unlimited times without bothering to pay any brokerage. But just in case, you are entering the stock market with the purpose of investing your money for the long term, Angel Broking does not charge any brokerage.
A Digital Blogger has tried to give it reviews and ratings so that it becomes easier for you to make a decision.
Reviews and Ratings | ||
Kotak Securities | Angel Broking | |
Brand Equity | ||
Brokerage | ||
Trading Platforms | ||
Customer Service | ||
Research | ||
Mobile Trading |
The advanced trading app, with lots of features, is what makes Angel Broking different from other stockbrokers like Kotak Securities. Other than this, if you are a beginner like Priya, then going with Angel Broking can give you a better trade experience.
When it comes to complaints and customer care, Kotak Securities has a better performance and even though Kotak Securities has been evolving continuously, it still lacks when it comes to trading platforms.
So by the end of this comparison, Priya was sure that she wants to open an account with Angel Broking as being a beginner she only wants to invest for long terms. It suits all her needs perfectly.
So we hope that just like Priya, you were also able to pick the right stockbroker according to your needs. Happy trading!
Compare and choose the best stock broker to initiate your trading journey. Open a Free Demat Account now!