Table of Contents
Flattrade vs. Kotak Securities: Brokerage Comparison
Flattrade vs. Kotak Securities: Account Opening and AMC Charges
Flattrade vs. Kotak Securities: Brokerage Charges and Plans
Flattrade vs. Kotak Securities: Margin (Exposure) Offerings
In the dynamic world of trading and investing, selecting the right brokerage firm is a crucial decision. With a plethora of options available, it is essential to compare and contrast the features offered by different brokerages to make an informed choice.
With a rich history dating back to 1994, Kotak Securities is a prominent full-service broker. Established in 2004, Flattrade has also made a name for itself as a pioneer in the discount brokerage space. Here is a detailed comparison between two well-known brokerage firms in India, Flattrade and Kotak Securities. Explore their key features, services, and benefits to make an educated decision in choosing the right broker for your needs.
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Flattrade vs. Kotak Securities: Brokerage Comparison
Flattrade and Kotak Securities are two popular names in the trading industry, offering a range of services to cater to different trading needs.
- Brokerage: Flattrade offers a unique advantage with its zero brokerage fees, while Kotak Securities charges ₹20 per order.
- Broker Type: Flattrade is a discount broker, focusing on cost-effective trading, while Kotak Securities operates as a full-service broker, offering a wide array of services.
- Exchanges: Both brokers provide access to major exchanges, with Kotak Securities having a slight edge by including NCDEX.
- Branches: Kotak Securities boasts an extensive branch network, making it a convenient option for in-person assistance.
- Trading Experience: Flattrade’s single margin facility provides simplicity, while Kotak Securities offers a comprehensive trading experience with research and advisory services.
Go through our post on FlatTrade Review 2023 – Services, Charges, Pros, Cons and More or keep reading our Flattrade and Kotak Securities comparison article.
Flattrade vs. Kotak Securities: Account Opening and AMC Charges
When it comes to Flattrade and Kotak Securities account opening and annual maintenance charges, both offer attractive options.
Flattrade:
- Trading Account Opening Charge: ₹200 + GST
- Demat Account Opening Charge: ₹0 (Free)
- Demat Account AMC: ₹0 (Free)
- Trading Account AMC: ₹0 (Free)
Kotak Securities:
- Trading Account Opening Charge: ₹0 (Free)
- Demat Account Opening Charge: ₹0 (Free)
- Demat Account AMC: ₹500/Yearly
- Trading Account AMC: ₹0 (Free)
Flattrade charges a nominal trading account opening fee but provides free demat account opening and AMC. On the other hand, Kotak Securities offers free trading and demat account opening but does have an annual maintenance charge for the demat account.
Flattrade vs. Kotak Securities: Brokerage Charges and Plans
Flattrade and Kotak Securities offer diverse brokerage plans to suit different trading preferences. Take a closer look at their brokerage charges for various trading segments:
Equity Delivery:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: 0.25% | Trade Free Max: 0.25% of transaction value | Dealer Assisted Plan: 0.39%
Equity Intraday:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: Intraday Trades: ₹0/| Trade Free Max: Intraday₹0/| Dealer Assisted Plan: ₹39/Lot
Equity Options:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: Intraday Trades: ₹0/| Trade Free Max: Intraday₹0/Carry Forward₹20/Order | Dealer Assisted Plan: ₹39/Lot
Currency Options:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: Intraday Trades: ₹0/Carry Forward: ₹20/Order | Trade Free Max: Intraday₹0/Carry Forward₹20/Order | Dealer Assisted Plan: ₹5/Lot
Commodity Futures:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: Intraday Trades: ₹0/Carry Forward: ₹20/Order | Trade Free Max: Intraday₹0/Carry Forward₹20/Order | Dealer Assisted Plan: 0.039%
Currency Futures:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: Intraday Trades: ₹0/Carry Forward: ₹20/Order | Trade Free Max: Intraday₹0/Carry Forward₹20/Order | Dealer Assisted Plan: ₹9/Lot
Commodity Options:
- Flattrade: ₹0 (Free)
- Kotak Securities Trade Free Youth: ₹0/| Trade Free Plan: Intraday Trades: ₹0/| Trade Free Max: Intraday₹0/Carry Forward₹20/Order | Dealer Assisted Plan: ₹39/Lot
Fixed Charges:
- Flattrade: ₹0 (Free)
- Kotak Securities: ₹20/Order
Other Charges:
Both Flattrade and Kotak Securities have additional charges related to specific trading activities:
RMS Square Off Charge:
- Flattrade: ₹50 + GST | Equity Options & Currency Options: ₹20 + GST
- Kotak Securities: ₹0 (Free)
API Charges:
- Flattrade: ₹0 (Free)
- Kotak Securities: ₹0 (Free)
Call & Trade Charges:
- Flattrade: ₹50 + GST | Equity Options & Currency Options: ₹20 + GST
- Kotak Securities: ₹20/Call (Free for first 20 calls) From the 21st call, you pay ₹15/Call
Minimum Brokerage:
- Flattrade: ₹0 (Free)
- Kotak Securities: ₹20/Order or ₹39/Lot
Transaction Charges:
Both Flattrade and Kotak Securities have varying transaction charges for different trading segments:
Currency Options:
- Flattrade: NSE: 0.035% | BSE: 0.001%
- Kotak Securities: NSE: 0.00095% | BSE: 0.00022%
Equity Futures:
- Flattrade: 0.0020%
- Kotak Securities: NSE: 0.002%
Equity Intraday:
- Flattrade: NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE: 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50)
- Kotak Securities: 0.025% (On Sell Trade)
Equity Options:
- Flattrade: 0.053% (on premium)
- Kotak Securities: NSE: 0.053% on Premium
Commodity:
- Flattrade: 0.0026% | 0.0013% (FAR MONTH CONTRACT) | Commodity option: 0.05%
- Kotak Securities: MCX FUTURE (for Agri & Non Agri): 0.0026% | NCDEX: 0.0055% || MCX OPTION: MCX 0.05% | NCDEX: ₹0
Currency Futures:
- Flattrade: NSE: 0.0009% | BSE: 0.00022%
- Kotak Securities: NSE: 0.00095% | BSE: 0.00022%
Equity Delivery:
- Flattrade: NSE: 0.00345% (FOR NIFTY 50, NIFTY NEXT 50); BSE: 0.003% | NSE: 0.00275% (OTHER THAN NIFTY 50 & NIFTY NEXT 50)
- Kotak Securities: NSE: 0.00345% | BSE: 0.00345%
Take a break from reading on Flattrade and Kotak Securities Comparison, and go through our post on Kotak Securities Trade Free Youth Plan – Brokerage Charges, Margin Charges etc.
Flattrade vs. Kotak Securities: Margin (Exposure) Offerings
Both Flattrade and Kotak Securities offer margin trading facilities across different trading segments. Here is a breakdown of their margin offerings:
Equity Options
- Flattrade: 1x (100% of NRML margin – Span + Exposure)
- Kotak Securities: 1x (100% of NRML margin – Span + Exposure)
Equity Intraday
- Flattrade: 5x (Up to 20% of trade value)
- Kotak Securities: 5x (Up to 20% of trade value)
Currency Options
- Flattrade: 1x (100% of NRML margin – Span + Exposure)
- Kotak Securities: 1x (100% of NRML margin – Span + Exposure)
Commodity Options
- Flattrade: 1x (100% of NRML margin – Span + Exposure)
- Kotak Securities: 1x (100% of NRML margin – Span + Exposure)
Commodity Futures
- Flattrade: 1x (100% of NRML margin – Span + Exposure)
- Kotak Securities: 1x (100% of NRML margin – Span + Exposure)
Equity Delivery
- Flattrade: 1x (100% of trade value)
- Kotak Securities: 1x (100% of trade value)
Currency Futures
- Flattrade: 1x (100% of NRML margin – Span + Exposure)
- Kotak Securities: 1x (100% of NRML margin – Span + Exposure)
Equity Futures
- Flattrade: 1x (100% of NRML margin – Span + Exposure)
- Kotak Securities: 1x (100% of NRML margin – Span + Exposure)
Both Flattrade and Kotak Securities offer comparable margin offerings across different trading segments, with both brokerages providing 1x Leverage for most categories. This ensures a level playing field for traders who might be considering either of these brokers.
However, there is a notable distinction in the equity intraday segment, where both Flattrade and Kotak Securities offer up to 5x leverage, allowing traders to utilize up to 20% of their trade value as margin.
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Conclusion
If you are looking for a cost-effective solution with no brokerage charges, Flattrade might be the perfect fit. On the other hand, if you value personalized guidance, research insights, and a broader range of services, Kotak Securities could be the ideal choice. The choice between Flattrade and Kotak Securities ultimately depends on your trading style, preferences, and requirements.
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