Kotak Securities Vs Zerodha

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Kotak Securities Vs Zerodha 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 Zerodha 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. As a full-service stockbroker, it has a presence in 359 cities in India with 1200+ branches.

Zerodha, on the other hand, is one of the leading discount brokers in India which has been recently founded in 2010. It is one of the very few stockbrokers that provides reasonable values across trading platforms, customer education and low brokerage. The broker is based out of Bangalore.

On one hand, Zerodha allows trading at much cheaper overall brokerage while on the other Kotak Securities provides research reports, intra day tips, stock recommendations with complete customer service to its clients. So which one to choose? Tough?

It can become very difficult to decide between a discount broker and a full-service broker since they offer different propositions. However, if you are able to see how one type of broker is different from the other on a side to side level, making a choice can be relatively simpler.

Thus, to make things easy for you, we have listed out the comparison between Kotak Securities Vs Zerodha 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 Zerodha Details

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.

This is how both these stockbrokers stack up against each other:



	Zerodha Review	Kotak Securities Review
OVERVIEW
Incorporated In the Year	2010	1994
Number of branches across India	11	1209
Exchanges	BSE, NSE, MCX, MCX-SX	BSE, NSE
ACCOUNT CHARGES
Trading Account Opening Charges	₹200 (₹300 if you want Zerodha to courier account opening forms)	₹750
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹100	₹0
Demat Account Annual Maintenance Charges	₹300	₹600
Transaction Charges	Zerodha Transaction Charges	Kotak Securities Transaction Charges
BROKERAGE
Equity Delivery	₹0	0.49%
Intraday Delivery	0.01% or ₹20 per trade whichever is lower	0.049%
Equity Futures	0.01% or ₹20 per trade whichever is lower	0.049%
Equity Options	0.01% or ₹20 per trade whichever is lower	₹300 per lot
Currency Futures	0.01% or ₹20 per trade whichever is lower	0.04%
Currency Options	0.01% or ₹20 per trade whichever is lower	₹20 per lot
Commodity	0.01% or ₹20 per trade whichever is lower	NA
Calculate Brokerage	Zerodha Brokerage Calculator	Kotak Securities Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 5 times for Intraday	Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum
Equity Futures	Upto 5 times to 20 times for Intraday	Upto 5 times Intraday
Equity Options	Upto 5 times to 20 times for Intraday	Buying No Margin, Shorting upto 2 times for Intraday
Currency Futures	Upto 5 times for Intraday	Upto 2 times Intraday
Currency Options	Upto 5 times for Intraday	Buying No Margin, Shorting upto 2 times for Intraday
Commodities	Upto 5 times for Intraday	Upto 2 times Intraday
Margin	Zerodha Margin
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
Customer Care	Zerodha Customer Care	Kotak Securities 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)	Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader	KEAT Pro X, Kotak Stock Trader, Fastlane, Xtralite
Complaint Percentage of Active Clients	0.02%	0.02%
OVERALL RATING
	Get a Call Back	Get a Callback

*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.

Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.

Make sure you understand this difference and then take a call. 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 Kotak Securities Vs Zerodha for the benefits of other readers?

Please feel free to share in the comments below.

Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.