Hey there, friends! Do you know about Kotak Securities and one of their offer Trade Free Pro Plan? You may already have heard of their Trade Free Plan and Trade Free Youth Plan, but here is the thing. Here is the Pro Plan that will leave your mind completely blown!
Traders especially need software that can help them fully maximize all the resources that they invest. However, as on every fantastic thing, it is necessary to put some efforts and spend some money. For your ease of understanding, let me formally clarify this whole concept.
Kotak Securities Trade Free Pro Plan
The Kotak Securities Trade Free Pro Plan is a subscription-based plan created specifically for active traders who want to increase their savings and trading efficiency. This plan provides free broking on intraday transactions in equity, futures, and options, as well as other perks such as reasonable margin trade funding and transparent pricing. With features geared for serious traders, it provides a smooth trading experience with no hidden expenses and competitive rates, making it a popular choice for both experienced and new investors.
Why Choose AngelOne for Cost-Effective Trading?
If you’re seeking for a seamless and cost-effective trading experience similar to Kotak’s Trade Free Pro Plan, AngelOne may be the ideal choice for you. AngelOne offers affordable broking costs, powerful margin funding alternatives, and an easy-to-use interface for every trader. Open an account with Angel One– Click here
Account Opening and Subscription Charges
Now, the very first issue that need to be discussed is the charges related to account opening. Guess what? As for the account opening plan, you do not have to concern any payments to open an account since its Zero! Amazing, right?
Now let comes for the subscription part. Unlike the Trade Free and Trade Free Youth Plans you couldn’t simply pay yearly or only one time for the Trade Free Pro Plan which requires a monthly subscription fee of 249+ GST. Surprisingly, this fee is actually required on a monthly basis. But do not worry because what you get in return is just immeasurable!
Brokerage Charges
Trade Type | Brokerage Charges |
All Intraday Trades | Rs. 10 per order |
Stock Delivery | 0.10% |
All carry forward F&O Trades | Rs. 10 per order |
Intraday Trades:
All the trades carried out within the same day are normally Rs. 10 per order of brokerage charges. This includes equity futures and options.
Delivery Trades:
In case you are holding stocks for more than one day, you will be charged 0.10% of the trade amount.
Carry Forward Trades:
Futures and options beyond days have a small cost of Rs. 10 per confirmed trades in the order book.
This makes the plan ideal for intra-day traders, although fair to delivery and carry-forward traders as well.
Hidden Charges? Nope!
Many individuals believe that such plans have hidden charges, but that is not the case. Kotak Securities is really transparent. For example, if your account balance becomes negative (known as “Debit Balance”), you will be charged only a small interest cost. This is standard for all brokers. The rate is 0.049% every day (or around 18% annually). So, it’s not hidden; it’s openly mentioned!
The Special Feature: Margin Trade Funding
Now, let us talk about the true star of the show. The Trade Free Pro Plan provides Margin Trade Funding at an extremely low annual interest rate of 9.75%. That’s nearly half the rate offered by other brokers (often approximately 18% each year). This is a game changer for traders with limited money who require additional funding to support their bets. It’s a significant advantage that can help you trade more efficiently and effectively.
Optional Charges
This plan also has optional services, for instance, sending of stock the company’s recommended stock list through the SMS. Basic information includes stock tips which are free on their website while the SMS service is slightly charged. If you are a person who prefers getting customized recommendations to be sent to your mobile straight, then this option might not be bad.
Why Should You Use Trade Free Pro Plan?
Here are some reasons why this plan might be perfect for you:
Free stock delivery:
No brokerage for any stock delivery are allowed, that is, you stand to save money in the process.
Affordable Margin Trade Funding:
Paying as low as 9.75% per year for funding it cheaper than most of the brokers you can find on the market.
Transparency:
There are no hidden charges … everything is mentioned down black and white.
Best for Low-Capital Traders:
If you are beginning with a small set up, then this plan provides you with the assistance and equipment you require.
Things to keep in mind
While the plan is wonderful, there are a few things to remember:
- The monthly subscription rate may feel pricier than annual subscriptions, but it provides a lot of value.
- Delivery and carry-forward trades are taxed, so plan appropriately.
- To prevent penalties, make sure your account balance does not fall negative.
Summary of Charges
Charge Type | Amount |
Account Opening | Free |
Subscription Fee | Rs. 249/month + GST |
Intraday Brokerage | Rs. 10 per order |
Delivery Brokerage | 0.10% per trade |
Carry Forward Trades | Rs. 10 per executed order |
Debit Balance Interest | 0.049% per day |
Margin Trade Funding Rate | 9.75% per year |
Call & trade charges | Rs. 49 + GST per executed order |
AngelOne: A Smart Alternative for Active Traders
Looking for a cost-effective trading platform like Kotak Securities Trade Free Pro Plan? AngelOne offers competitive brokerage fees, including ₹20 per order for intraday and free for delivery trades for first 30 days. Open an account with Angel One– Click here `
Conclusion
The Kotak Securities Trade Free Pro Plan is a fantastic option for busy traders, particularly those who indulge in intraday trading. This plan includes competitive broking fees and a smooth trading experience with modern tools and assistance.
However, before committing to this strategy, you should consider your trading style, frequency, and unique needs to verify it matches with your objectives. The Trade Free Pro Plan, when properly evaluated, has the potential to be a game changer for clever, cost-conscious traders.
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