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Kotak Securities Vs Firstock NRI Account Comparison

Kotak Securities Vs Firstock

The side-by-side comparison of Kotak Securities and Firstock NRI Account. Compare Kotak Securities Vs Firstock NRI Account brokerage charges, exposure margin, demat account and AMC. Read Firstock and Kotak Securities NRI Account reviews.

Find out Kotak Securities Vs Firstock which is better NRI Trading Account. See Kotak Securities Vs Firstock which is best NRI Demat Account.

Our Kotak Securities Ltd comparison with Firstock Broking Private Limited highlights the major differences between two brokers. Find the best between Kotak Securities and Firstock NRI Account.

 Kotak SecuritiesFirstock
 
Kotak Securities ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Firstock ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 Kotak Securities LogoFirstock Logo
About the BrokerKotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 ac...Know more about Kotak Securities LtdFirstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeNRI AccountEquity (PIS)
Special Offer
Special Offer:

Trade smarter with Kotak Securities low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)

Open Instant Account Now

Special Offer:

Free Equity Delivery| Flat ₹20 brokerage on Intraday & F&O| ₹0 Account Opening & AMC| Zero cost Direct Mutual Funds Investment.

Open Firstock Demat account (FREE)

Kotak Securities Vs Firstock Charges

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 Kotak SecuritiesFirstock
NRI Account Opening Fees₹3750
NRI Account AMC₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 600Rs 0 (Free)
PIS Account AMC₹1000
RBI approval for PIS (One time)₹500 + GST₹500 + GST
Open Kotak Securities AccountOpen Firstock Account

Kotak Securities Vs Firstock NRI Account Brokerage Comparison

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Account TypeKotak Securities NRI AccountFirstock Equity (PIS)
Equity Delivery1.00%0.5% or Rs 200 per order, whichever is lower
Equity Futures1.00%Rs 100 per executed order
Equity Options1.00%Rs 100 per executed order
Open Kotak Securities AccountOpen Firstock Account

Other Charges

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Contract Note Reporting Charges₹0
Other Brokerage ChargesAverage Quarterly Balance: ₹10000Equity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
TDS Charges on Long Term Gain (Holding > 365 Days)11.96%11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days)17.94%17.94%

Kotak Securities Vs Firstock NRI Account Taxes/Fees

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 Kotak SecuritiesFirstock
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% on delivery based turnover and 0.002% on non-delivery based turnover.0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

Kotak Securities Vs Firstock NRI Account Margin

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 Kotak Securities MarginFirstock Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

Kotak Securities and Firstock NRI Account Features

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 Kotak SecuritiesFirstock
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesNo
Other Features
Open Kotak Securities AccountOpen Firstock Account

Kotak Securities Vs Firstock NRI Account Review

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 Kotak Securities ReviewFirstock Review
 202 Customer Reviews    Rate Kotak Securities1 Customer Reviews    Rate Firstock
FeesRated 2.4 starsRated 3.0 stars
BrokerageRated 2.3 starsRated 3.0 stars
Trading PlatformRated 3.2 starsRated 3.0 stars
Customer ServiceRated 2.8 starsRated 3.0 stars
Overall RatingRated 2.4 starsRated 3.0 stars
Broker RatingKotak Securities is Rated 2.4 / 5 based on 202 customer reviewsFirstock is Rated 3.0 / 5 based on 1 customer reviews
Open Kotak Securities AccountOpen Firstock Account

Contact Broker / Request A Call Back

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 Kotak Securities EnquireKotak Securities Enquire
Contact Broker

Trade smarter with Kotak Securities low-cost plans.
₹10 per order – Intraday
₹10 per order – Futures & Options
₹0 Brokerage on Delivery Trades (Youth Plan*)

Open Instant Account Now

Free Equity Delivery| Flat ₹20 brokerage on Intraday & F&O| ₹0 Account Opening & AMC| Zero cost Direct Mutual Funds Investment.

Open Firstock Demat account (FREE)

Kotak Securities Vs Firstock NRI Investment Options

*
 Kotak SecuritiesFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment Options

Kotak Securities Vs Firstock NRI Customer Service

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 Kotak SecuritiesFirstock
Customer Care Number022 6689 6000, 022 6652 9191
Customer Care Emailnricustomerservice@kotak.com
Open Kotak Securities AccountOpen Firstock Account

Kotak Securities Vs Firstock Order Type Offered for NRI Account

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 Kotak SecuritiesFirstock
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

Kotak Securities Vs Firstock - NRI Account Advantages and Disadvantages

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 Kotak SecuritiesFirstock
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

Cons
  1. The brokerage charges are higher in comparison to discount stock broker like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
Conclusion

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRIs through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

Promo / Offers

Kotak SecuritiesSpecial Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage – Rs 10 Intraday trades (Equity and F&O)
  • Flat Rs 10 per trade brokerage in F&O
  • Zero API charges with zero brokerage on API-routed trades
  • Margin Trading Facility (MTF) with interest starting from 0.041% per day

Interested in opening a trading account? Open Instant Account Now

FirstockSpecial Offer

Firstock — Smart & Affordable Trading Solution

  • ₹0 Brokerage on Equity Delivery
  • ₹0 Account Opening & no maintenance charges
  • ₹0 Pledge Charges & Payment Fees
  • ₹0 Charges on Direct Mutual Funds
  • ₹20 per order for Intraday & F&O
  • Advanced trading tools like Strategy Builder with Payoff Charts, Basket Orders, and Stock Screeners.

Open a Free Demat Account

Open Kotak Securities AccountOpen Firstock Account

Compare Kotak Securities and Firstock with other NRI Brokers

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Side-by-Side Comparison of Broker

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