Kotak Securities-vs-Prostocks - 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...

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

About Prostocks
ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer <mark>unlimited Equity and Derivatives Trading at Rs 899 per month</mark> or unlimited Currency Derivatives for Rs 499 per month. They are the cheapest broker in unlimited trading plans. Average share trader save between 60% to 99% on brokerage through this pl...

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

Kotak Securities Vs Prostocks

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 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	Kotak Securities	Prostocks
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE
Year of Incorporation	1994	2016
Number of Branches	153	1
	Open Kotak Securities Account	Open Prostocks Account

Kotak Securities Vs Prostocks Charges & AMC

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

	Kotak Securities	Prostocks
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 600	Rs 0 (Lifetime Zero AMC)

Kotak Securities Vs Prostocks Brokerage

Kotak Securities brokerage charges for equity is 0.20% and intraday is Rs 10 per order or 0.05%, whichever is lower whereas Prostocks brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per executed order.

Account Type	Kotak Securities Trade Free Plan	Prostocks Flat Rate Plan
Fixed Charges		NA
Equity Delivery	0.20%	Rs 0 (Free)
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	Rs 15 per executed order
Equity Futures	Rs 10 per order	Rs 15 per executed order
Equity Options	Rs 10 per order	Rs 15 per executed order
Currency Futures	Rs 10 per order	Rs 15 per executed order
Currency Options	Rs 10 per order	Rs 15 per executed order
Commodity Futures	Rs 10 per order	NA
Commodity Options	Rs 10 per order	NA
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: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

Kotak Securities Vs Prostocks Brokerage Plan 2

	Kotak Securities	Prostocks
Account Type	Trade Free Youth	Unlimited Equity Trading Plan
Fixed Charges		Rs 899
Equity Delivery	Rs 0	Rs 0
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	Rs 0
Equity Futures	Rs 10 per order	Rs 0
Equity Options	Rs 10 per order	Rs 0
Currency Futures	Rs 10 per order	NA
Currency Options	Rs 10 per order	NA
Commodity Futures	Rs 10 per order	NA
Commodity Options	Rs 10 per order	NA
	Open Kotak Securities Account	Open Prostocks Account

Kotak Securities Vs Prostocks Brokerage Plan 3

	Kotak Securities	Prostocks
Account Type	Trade Free Pro	Unlimited Currency Trading Plan
Fixed Charges		Rs 499
Equity Delivery	0.10%	NA
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	NA
Equity Futures	Rs 10 per order	NA
Equity Options	Rs 10 per order	NA
Currency Futures	Rs 10 per order	Rs 0
Currency Options	Rs 10 per order	Rs 0
Commodity Futures	Rs 10 per order	NA
Commodity Options	Rs 10 per order	NA
	Open Kotak Securities Account	Open Prostocks Account

Kotak Securities Charges Vs Prostocks

Minimum Brokerage		Rs 0
Other Charges
Call & Trade Charges	Rs 49 + GST per executed order	Rs 0 (Free)
	Open Kotak Securities Account	Open Prostocks Account

Kotak Securities Vs Prostocks Leverage (Margin)

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

	Kotak Securities	Prostocks
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 Prostocks Account

Compare Kotak Securities and Prostocks Features

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

	Kotak Securities	Prostocks
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	ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API
Intraday Square-off Time		Equity 3:15 PM \| Curr: 4:45 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	3-in-1 account
	Open Kotak Securities Account	Open Prostocks Account

Kotak Securities Vs Prostocks Review

Kotak Securities is rated of 5 based on 200 customer reviews whereas Prostocks is rated of 5 based on 42 customer reviews.

	Kotak Securities	Prostocks
	200 Customer Reviews	42 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	Prostocks is Rated 3.2 / 5 based on 42 customer reviews

Contact Broker / Request A Call Back

	Kotak Securities	Prostocks
Contact Broker	Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now	Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.

Kotak Securities Vs Prostocks Investment Options

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

Kotak Securities Vs Prostocks Order Type Offered

	Kotak Securities	Prostocks
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 Prostocks Account

Kotak Securities Vs Prostocks Suitable For Investor Type

	Kotak Securities	Prostocks
Casual Investor
Active Investor
Trader

Kotak Securities Vs Prostocks - Pros and Cons

	Kotak Securities	Prostocks
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.	Cheapest flat fee broker in India. Offers Rs 899 unlimited equity and equity f&o trading and Rs 15 per trade plan. Cover Order (CO) is available in unlimited monthly plan. Bracket order is coming soon. Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account. 2-in-1 Accounts offers seamless transactions between trading and demat account. 2 Pricing plans to choose from. Lowest exchange transaction changes, guaranteed. Life time free demat account with one time Rs 1000 deposit. No account opening and no annual maintenance charges. ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee. Cheapest Call & Trade fee (Rs 10 per executed order) among all discount brokers. Other brokers charge minimum Rs 20 per trade. 24x7 customer service though Advance Interactive voice response(IVR).
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.
Reviews		ProStocks is among the most popular stock broker in India for unlimited monthly trading plans. ProStocks offer unlimited trading of Rs 899 per month in the Equity segment (delivery, intraday, and F&O segments). For frequent traders, this is the lowest cost broker in the market. ProStocks offer an excellent online trading platform. It includes the mobile app, website, and installable trading terminal. Their customer service is much better than top stock brokers like Zerodha, Upstox, and Groww. You could always reach out to ProStocks on the phone in just a few seconds. The Top 10 Reasons to Trade with ProStocks
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	Prostocks Special Offer Unlimited Monthly Trading @ Rs 899 Monthly unlimited trading plan @ Rs 899. Or Rs 0 Eq Delivery Brokerage and Flat Rs 15 per trade for Intraday & F&O + Lifetime Free AMC Demat Account + API for algo trading. This is a limited-time offer. Open FREE Instant Demat Account and start trading today.
	Open Kotak Securities Account	Open Prostocks Account

Compare Kotak Securities	Compare Prostocks
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