Kotak Securities-vs-Fyers - Broker Comparison

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one o...

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About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. FYERS word is an acronym for 'Focus Your Energy & Reform the Self', representing the core values of the company. The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in India. ...

Fyers Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe?API Review FAQs

Kotak Securities Vs Fyers

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	Kotak Securities	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX
Year of Incorporation	1994	2015
Number of Branches	153	2
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	Kotak Securities	Fyers
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free AMC for Lifetime)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 600	Rs 0 (Free AMC for Lifetime)

Kotak Securities Vs Fyers Brokerage

Kotak Securities brokerage charges for equity is 0.20% and intraday is Rs 10 per order or 0.05%, whichever is lower whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower.

Account Type	Kotak Securities Trade Free Plan	Fyers Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.20%	0.03% or Rs 20, whichever is lower
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	0.03% or Rs 20, whichever is lower
Equity Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Equity Options	Rs 10 per order	Rs 20 per executed order
Currency Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Currency Options	Rs 10 per order	Rs 20 per executed order
Commodity Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 10 per order	Rs 20 per executed order
Special Offer	Special Offer: Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Kotak Securities Vs Fyers Brokerage Plan 2

	Kotak Securities	Fyers
Account Type	Trade Free Youth	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	Rs 0	0.03% or Rs 20, whichever is lower
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	0.03% or Rs 20, whichever is lower
Equity Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Equity Options	Rs 10 per order	Rs 20 per executed order
Currency Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Currency Options	Rs 10 per order	Rs 20 per executed order
Commodity Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 10 per order	Rs 20 per executed order
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Brokerage Plan 3

	Kotak Securities	Fyers
Account Type	Trade Free Pro	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.10%	0.03% or Rs 20, whichever is lower
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	0.03% or Rs 20, whichever is lower
Equity Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Equity Options	Rs 10 per order	Rs 20 per executed order
Currency Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Currency Options	Rs 10 per order	Rs 20 per executed order
Commodity Futures	Rs 10 per order	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 10 per order	Rs 20 per executed order
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Charges Vs Fyers

Minimum Brokerage		Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges		Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery)
Call & Trade Charges	Rs 49 + GST per executed order	Rs 50 per trade
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Leverage (Margin)

Kotak Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Kotak Securities	Fyers
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open Kotak Securities Account	Open Fyers Account

Compare Kotak Securities and Fyers Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	Kotak Securities	Fyers
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time		3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	3-in-1 account	API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Review

Kotak Securities is rated of 5 based on 200 customer reviews whereas Fyers is rated of 5 based on 37 customer reviews.

	Kotak Securities	Fyers
	200 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Kotak Securities is Rated 2.4 / 5 based on 200 customer reviews	Fyers is Rated 2.9 / 5 based on 37 customer reviews

Contact Broker / Request A Call Back

	Kotak Securities	Fyers
Contact Broker	Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now	Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Kotak Securities Vs Fyers Investment Options

	Kotak Securities	Fyers
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

Kotak Securities Vs Fyers Order Type Offered

	Kotak Securities	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Suitable For Investor Type

	Kotak Securities	Fyers
Casual Investor
Active Investor
Trader

Kotak Securities Vs Fyers - Pros and Cons

	Kotak Securities	Fyers
Pros	Kotak Securities is a bank-based broker offering a 3-in-1 account. Brokerage free intraday trading with online trading plans. Zero brokerage across all segments for investors up to the age of 30 years. Company is part of leading private bank (Kotak Mahindra Bank). NEST trading platform is available for frequent traders. Charges are lowest amoung bank-based brokers.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	High Equity delivery brokerage charges. High demat AMC changes. Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox. A widely advertised Zero Stock Delivery Brokerage Plan is available only to investors up to the age of 30 years. The account switching fees for existing clients is Rs 499. Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.	Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews
Promo / Offers	Kotak Securities Special 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 Interested in opening a trading account? Open Instant Account Now	Fyers Special Offer Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
	Open Kotak Securities Account	Open Fyers Account

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