Oh no! Kotak Securities has done something shocking! If you’re trading with them, your wallet might be crying soon. Let me tell you what’s happening and why this could change everything for traders.
The Big Change
Kotak Securities used to have these awesome zero brokerage plans:
- Trade Free Youth Plan
- Trade Free Pro Plan
- Trade Free Plan
These plans were amazing because there was no brokerage fee for intraday trades. Whether you traded in equity, options, or futures, it was all free! Sounds perfect, right? But guess what? Not anymore!
Now, Kotak Securities has started charging ₹10 per executed order, even on those zero brokerage plans. It doesn’t matter if you’re trading stocks, options, or futures. You’ll now have to pay up.
Why Did This Happen?
The reason is actually a big rule change. In May 2024, SEBI (the people who make the rules for trading in India) decided that exchanges can’t give brokers discounts based on how much they trade. This means brokers like Kotak Securities can’t keep their costs low anymore. And so, they’ve started charging their customers instead.
What’s the Solution?
This news might feel like a bummer, but don’t worry. There’s still a way to trade smart and save money.
Angel One has flat brokerage fees of just ₹20 per executed order, no matter how much you trade. Plus, they offer tools like advanced order types and even free stock tips to help you grow your money.
So, why settle for brokers that keep changing their rules. Click here to check out Angel One https://tinyurl.com/29sj4kaq
The Final Word
Zero brokerage plans sound great, but they don’t always last. Kotak Securities’ recent move shows us how quickly things can change.
Choose wisely, trade smart, and keep your wallet happy!
End of Zero Brokerage
Kotak Securities