ICICIdirect-vs-Kotak Securities

About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include Equity, Derivatives, IPO, Mutual Funds, Fixed Deposits, Bonds, and Commodity trading at BSE and NSE. The company also offers NCD, wealth products, Home Loans, Insurance, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes the ICICI Bank Account, ICICI Trading Account, and...

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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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ICICIdirect Vs Kotak Securities

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India.

	ICICIdirect	Kotak Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX, NCDEX
Year of Incorporation	2000	1994
Number of Branches	154	153
		Open Kotak Securities Account

ICICIdirect Vs Kotak Securities Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Kotak Securities account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Kotak Securities Demat Account AMC Charges is Rs 600.

	ICICIdirect	Kotak Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	For Individual account: Rs. 700 p.a.	Rs 600

ICICIdirect Vs Kotak Securities Brokerage

ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% whereas Kotak Securities brokerage charges for equity is 0.20% and intraday is Rs 10 per order or 0.05%, whichever is lower.

Account Type	ICICIdirect ICICI Direct Moneysaver Plan	Kotak Securities Trade Free Plan
Fixed Charges	NA
Equity Delivery	0.29%	0.20%
Equity Intraday	0.029%	Rs 10 per order or 0.05%, whichever is lower
Equity Futures	0.029%	Rs 10 per order
Equity Options	Rs 49 per lot	Rs 10 per order
Currency Futures	Rs 20 per order	Rs 10 per order
Currency Options	Rs 20 per order	Rs 10 per order
Commodity Futures	Rs 20 per order	Rs 10 per order
Commodity Options	Rs 20 per order	Rs 10 per order
Special Offer	Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	Special Offer: Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now

ICICIdirect Vs Kotak Securities Brokerage Plan 2

	ICICIdirect	Kotak Securities
Account Type	Prime Plan - 299	Trade Free Youth
Fixed Charges	Rs 299 yearly
Equity Delivery	0.25%	Rs 0
Equity Intraday	0.025%	Rs 10 per order or 0.05%, whichever is lower
Equity Futures	0.025%	Rs 10 per order
Equity Options	Rs 49 per lot	Rs 10 per order
Currency Futures	Rs 20 per order	Rs 10 per order
Currency Options	Rs 20 per order	Rs 10 per order
Commodity Futures	Rs 20 per lot	Rs 10 per order
Commodity Options	Rs 20 per lot	Rs 10 per order
		Open Kotak Securities Account

ICICIdirect Vs Kotak Securities Brokerage Plan 3

	ICICIdirect	Kotak Securities
Account Type	Prime Plan - 9999	Trade Free Pro
Fixed Charges	Rs 9999 one time
Equity Delivery	0.07%	0.10%
Equity Intraday	0.007%	Rs 10 per order or 0.05%, whichever is lower
Equity Futures	0.007%	Rs 10 per order
Equity Options	Rs 9 per lot	Rs 10 per order
Currency Futures	Rs 20 per order	Rs 10 per order
Currency Options	Rs 20 per order	Rs 10 per order
Commodity Futures	Rs 20 per lot	Rs 10 per order
Commodity Options	Rs 20 per lot	Rs 10 per order
		Open Kotak Securities Account

ICICIdirect Charges Vs Kotak Securities

Minimum Brokerage	No minimum brokerage (Moneysaver Plan)
Other Charges	Daily MTF Interest Rates: 0.049% \| Yearly Margin Trading Interest: 17.99%
Call & Trade Charges	Rs 50 per trade	Rs 49 + GST per executed order
		Open Kotak Securities Account

ICICIdirect Vs Kotak Securities Leverage (Margin)

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

	ICICIdirect	Kotak Securities
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

Compare ICICIdirect and Kotak Securities Features

The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Kotak Securities offers Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite trading software.

	ICICIdirect	Kotak Securities
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICI Direct.com (website), ICICI Direct Mobile App	Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite
Intraday Square-off Time	3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Daily, monthly and yearly free research recommendations, 100% limit in shares as margin	3-in-1 account
		Open Kotak Securities Account

ICICIdirect Vs Kotak Securities Review

ICICIdirect is rated of 5 based on 484 customer reviews whereas Kotak Securities is rated of 5 based on 200 customer reviews.

	ICICIdirect	Kotak Securities
	484 Customer Reviews	200 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews	Kotak Securities is Rated 2.4 / 5 based on 200 customer reviews

Contact Broker / Request A Call Back

	ICICIdirect	Kotak Securities
Contact Broker	Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now

ICICIdirect Vs Kotak Securities Investment Options

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

ICICIdirect Vs Kotak Securities Order Type Offered

	ICICIdirect	Kotak Securities
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

ICICIdirect Vs Kotak Securities Suitable For Investor Type

	ICICIdirect	Kotak Securities
Casual Investor
Active Investor
Trader

ICICIdirect Vs Kotak Securities - Pros and Cons

	ICICIdirect	Kotak Securities
Pros	Offers 3-in-1 account which makes seamlessand instant fund transfers between bank and trading account. Wide range of investment options available under one portal. Enables curation of watchlist and has 4.8 (App Store) rated mobile app. GTC (good till cancellation) and off-market hours order placement facility is very useful.	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.
Cons	Demat Account is mandatory.	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.
Reviews
Promo / Offers	Zerodha (India's Best & No. 1 Broker) Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	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
		Open Kotak Securities Account

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ICICIdirect Vs Kotak Securities (Compare ICICIdirect and Kotak Securities)