Kotak Securities-vs-Upstox - 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 Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo...

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

Kotak Securities Vs Upstox

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 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

	Kotak Securities	Upstox
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX
Year of Incorporation	1994	2012
Number of Branches	153	4
	Open Kotak Securities Account	Open Upstox Account

Kotak Securities Vs Upstox Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Upstox Demat Account AMC Charges is Rs 150.

	Kotak Securities	Upstox
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 600	Rs 150

Kotak Securities Vs Upstox Brokerage

Kotak Securities brokerage charges for equity is 0.20% and intraday is Rs 10 per order or 0.05%, whichever is lower whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type	Kotak Securities Trade Free Plan	Upstox Default
Fixed Charges		NA
Equity Delivery	0.20%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 10 per order	Rs 20 per executed order
Currency Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 10 per order	Rs 20 per executed order
Commodity Futures	Rs 10 per order	Rs 20 per executed order or 0.05% 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: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Kotak Securities Vs Upstox Brokerage Plan 2

	Kotak Securities	Upstox
Account Type	Trade Free Youth	Default
Fixed Charges		NA
Equity Delivery	Rs 0	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 10 per order	Rs 20 per executed order
Currency Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 10 per order	Rs 20 per executed order
Commodity Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 10 per order	Rs 20 per executed order
	Open Kotak Securities Account	Open Upstox Account

Kotak Securities Vs Upstox Brokerage Plan 3

	Kotak Securities	Upstox
Account Type	Trade Free Pro	Default
Fixed Charges		NA
Equity Delivery	0.10%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Rs 10 per order or 0.05%, whichever is lower	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 10 per order	Rs 20 per executed order
Currency Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 10 per order	Rs 20 per executed order
Commodity Futures	Rs 10 per order	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 10 per order	Rs 20 per executed order
	Open Kotak Securities Account	Open Upstox Account

Kotak Securities Charges Vs Upstox

Minimum Brokerage		0.05%
Other Charges		Auto Square-off Charges: Rs 50
Call & Trade Charges	Rs 49 + GST per executed order	Rs 20 per trade
	Open Kotak Securities Account	Open Upstox Account

Kotak Securities Vs Upstox Leverage (Margin)

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

	Kotak Securities	Upstox
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 Upstox Account

Compare Kotak Securities and Upstox Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

	Kotak Securities	Upstox
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	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time		3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	3-in-1 account	Option strategy builder
	Open Kotak Securities Account	Open Upstox Account

Kotak Securities Vs Upstox Review

Kotak Securities is rated of 5 based on 200 customer reviews whereas Upstox is rated of 5 based on 149 customer reviews.

	Kotak Securities	Upstox
	200 Customer Reviews	149 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	Upstox is Rated 2.4 / 5 based on 149 customer reviews

Contact Broker / Request A Call Back

	Kotak Securities	Upstox
Contact Broker	Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now	Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

Kotak Securities Vs Upstox Investment Options

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

Kotak Securities Vs Upstox Order Type Offered

	Kotak Securities	Upstox
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 Upstox Account

Kotak Securities Vs Upstox Suitable For Investor Type

	Kotak Securities	Upstox
Casual Investor
Active Investor
Trader

Kotak Securities Vs Upstox - Pros and Cons

	Kotak Securities	Upstox
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.	Zero account opening fee. Zero brokerage for Mutual Fund investment. Flat Rs 20 per trade brokerage for all other segments including equity delivery. Offer direct mutual funds. One app for trading in equity, currency, and commodity. Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000. Margin Against Share is available Online IPO, FPO, Bonds, and NCD's are available. Good-Till-Triggered (GTT) orders are available.
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.	Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades. Doesn't offer unlimited trading plans. Doesn't offer margin funding for delivery trades. Doesn't offer stock tips or recommendations. Doesn't offer a 3-in-1 account. Doesn't offer 24/7 customer support. Doesn't offer API access for automated trading. Doesn't offer NRI Trading and Demat account. Doesn't offer BTST Doesn't offer digital gold. Call-and-trade fee is Rs 20 per executed order extra. Automatic settlement charges an additional Rs 50 per executed order. Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
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	Upstox Special Offer Exclusive offer by Upstox Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades. Pay Rs 0 commission for Mutual Funds. It is a limited-time offer. Open Instant Account and start trading the same day.
	Open Kotak Securities Account	Open Upstox Account

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