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Kotak Securities Logo

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... Know more about Kotak Securities

Dhan Logo

About Dhan
Incorporated in 2021, Dhan is a Mumbai-based financial services company operating primarily in India. In today's fast-paced world, every second or third person is looking for effective investment options to create wealth, and Dhan is committed to providing these options. Dhan is registered with SEBI as a stockbroker. In addition, Dhan is also registered with CDSL as well as NSE, BSE and MCX stock exchanges. Dhan offers a variety of products including Stocks, ETFs, Options, Futures and Commoditi... Know more about Dhan

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Kotak Securities Vs Dhan

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 2021, Dhan is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

 Kotak SecuritiesDhan
Type of BrokerFull Service BrokerDiscount Broker
Exchnage MembershipBSE, NSE, MCX, NCDEXBSE, NSE, MCX
Year of Incorporation19942021
Number of Branches1531
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Kotak Securities Vs Dhan Charges & AMC

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

 Kotak SecuritiesDhan
Trading Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Trading Account AMC ChargesRs 0₹0 (Free)
Demat Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Demat Account AMC ChargesRs 600₹0 (Lifetime Zero AMC)

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Kotak Securities Vs Dhan Brokerage

Kotak Securities brokerage charges for equity is 0.20% and intraday is Rs 10 per order or 0.05%, whichever is lower whereas Dhan brokerage charges for equity is Rs. 0 and intraday is Rs 20 or 0.03% of trade value, whichever is lower.

Account TypeKotak Securities Trade Free PlanDhan Flat Rate Plan
Fixed ChargesRs 0 or Nill
Equity Delivery0.20%Rs. 0
Equity IntradayRs 10 per order or 0.05%, whichever is lowerRs 20 or 0.03% of trade value, whichever is lower
Equity FuturesRs 10 per orderRs 20 or 0.03% of trade value, whichever is lower
Equity OptionsRs 10 per orderRs 20 per executed order
Currency FuturesRs 10 per orderRs 20 per executed order or 0.03% of trade value
Currency OptionsRs 10 per orderRs 20 per executed order
Commodity FuturesRs 10 per orderRs 20 or 0.03% of trade value, whichever is lower
Commodity OptionsRs 10 per orderRs 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

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.

Kotak Securities Vs Dhan Brokerage Plan 2

 Kotak SecuritiesDhan
Account TypeTrade Free YouthFlat Rate Plan
Fixed ChargesRs 0 or Nill
Equity DeliveryRs 0Rs. 0
Equity IntradayRs 10 per order or 0.05%, whichever is lowerRs 20 or 0.03% of trade value, whichever is lower
Equity FuturesRs 10 per orderRs 20 or 0.03% of trade value, whichever is lower
Equity OptionsRs 10 per orderRs 20 per executed order
Currency FuturesRs 10 per orderRs 20 per executed order or 0.03% of trade value
Currency OptionsRs 10 per orderRs 20 per executed order
Commodity FuturesRs 10 per orderRs 20 or 0.03% of trade value, whichever is lower
Commodity OptionsRs 10 per orderRs 20 per executed order
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Kotak Securities Vs Dhan Brokerage Plan 3

 Kotak SecuritiesDhan
Account TypeTrade Free ProFlat Rate Plan
Fixed ChargesRs 0 or Nill
Equity Delivery0.10%Rs. 0
Equity IntradayRs 10 per order or 0.05%, whichever is lowerRs 20 or 0.03% of trade value, whichever is lower
Equity FuturesRs 10 per orderRs 20 or 0.03% of trade value, whichever is lower
Equity OptionsRs 10 per orderRs 20 per executed order
Currency FuturesRs 10 per orderRs 20 per executed order or 0.03% of trade value
Currency OptionsRs 10 per orderRs 20 per executed order
Commodity FuturesRs 10 per orderRs 20 or 0.03% of trade value, whichever is lower
Commodity OptionsRs 10 per orderRs 20 per executed order
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Kotak Securities Charges Vs Dhan

Minimum BrokerageRs 20
Other Charges
Call & Trade ChargesRs 49 + GST per executed orderRs 50 per order
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Kotak Securities Vs Dhan Leverage (Margin)

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

 Kotak SecuritiesDhan
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp 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)
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Compare Kotak Securities and Dhan Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Dhan offers Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API trading software.

 Kotak SecuritiesDhan
3 in 1 AccountYesYes
Automated TradingYesYes
Margin Trading FundingYesYes
Margin Against Shares (Equity Cash)YesYes
Margin Against Shares (Equity F&O)NoYes
Trading PlatformWebsite, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, XtraliteDhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API
Intraday Square-off Time3:20 PM
Trading In SME Shares Allowed?NoYes
Referral ProgramNoYes
Other Features3-in-1 accountAPIs for Algo Trading, smallcases on Dhan
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Kotak Securities Vs Dhan Review

Kotak Securities is rated of 5 based on 200 customer reviews whereas Dhan is rated of 5 based on 29 customer reviews.

 Kotak SecuritiesDhan
 200 Customer Reviews    Rate Kotak Securities29 Customer Reviews    Rate Dhan
FeesRated 2.4 starsRated 4.1 stars
BrokerageRated 2.3 starsRated 3.3 stars
Trading PlatformRated 3.2 starsRated 3.5 stars
Customer ServiceRated 2.8 starsRated 2.4 stars
Research CapabilitiesRated 2.7 starsRated 2.8 stars
Overall RatingRated 2.4 starsRated 3.1 stars
Broker RatingKotak Securities is Rated 2.4 / 5 based on 200 customer reviewsDhan is Rated 3.1 / 5 based on 29 customer reviews

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Contact Broker / Request A Call Back

 Kotak SecuritiesDhan
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 (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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Kotak Securities Vs Dhan Investment Options

 Kotak SecuritiesDhan
Stock / EquityYesYes
CommodityYesYes
IPOYesYes
Mutual FundsYesYes
Bond / NCDYesYes
DebtYesNo

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Kotak Securities Vs Dhan Order Type Offered

 Kotak SecuritiesDhan
Bracket OrderYesYes
Cover OrderYesYes
Buy Today Sell Tomorrow (BTST)YesNo
Sell Today Buy Tomorrow (STBT)NoNo
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes
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Kotak Securities Vs Dhan Suitable For Investor Type

 Kotak SecuritiesDhan
Casual InvestorYesNo
Active InvestorYesYes
TraderNoYes

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Kotak Securities Vs Dhan - Pros and Cons

 Kotak SecuritiesDhan
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.
  • Safe, reliable, and technologically first online broker.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free account opening.
  • AMC free demat account.
  • Free equity delivery trades.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offers 3-in-1 account for ICICI bank users.
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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 20 per order.
  • It does not offer monthly unlimited trading plans.
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

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.

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