Kotak Securities vs 5 Paisa Review 2024 | Which Is Better
Kotak Securities vs 5Paisa
Kotak Securities, founded in 1994, is a full-service broker, It offers trading on the BSE, NSE, MCX, NCDEX. It operates 154 branches across India. 5Paisa , founded in 2007,There are 4 of its branch in India is a discount broker. It supports trading on the NSE and BSE. It has one branch across India.
Kotak Securities
Kotak Securities Ltd, founded in 1994, is a full-service stock broker that provides a 3-in-1 account (Bank + Trading + Demat Account) to individual investors in India. It provides investing opportunities in stocks, derivatives (equities, commodities, and currencies), and mutual funds. It also provides services like Research SMS, margin trading, depository services, and third-party products such as insurance. The company also offers direct access to the US market.
Kotak Securities is a division of Kotak Mahindra bank. In India, It provides a full-service stock broker regular investors with a 3-in-1 account (bank, trading, and demat). It provides investments in stocks, derivatives (equities, commodities, and currencies), and mutual funds. It also provides services such as Research SMS, margin trading, depository services, and third-party products like insurance.
5Paisa
One of the top online stockbrokers in India is 5paisa.com, which provides consumers investors with affordable brokerage services. The founders of IIFL are the advocates of 5paisa Capital Ltd, a professionally managed and publicly traded firm. It has more than 1.2 million clients as of March 2021. At BSE, NSE, and MCX, 5paisa online trading is offered for currency, commodities, and stocks. Three subscription packages are available from 5Paisa: the Ultra Trader Pack, Power Investor Pack, and Regular Account Pack. These programmes provide you a number of advantages, such as flat fees that drop from Rs. 20 to Rs. 10 and zero account opening
fees.
| Kotak Securities | 5Paisa | |
| Establishment Year | 1994 | 1996 |
| Founder | Jaideep Hansraj | Nirmal Jain |
| Exchange of Membership | BSE, NSE, MCX, NCDEX | NSE , BSE |
| Broker Type | Full Service Broker | Discount Broker |
| Branches | 154 | 1 |
Kotak Securities vs 5Paisa Charges
| Charges | Kotak Securities | 5Paisa |
| Trade and Call Charge | Rs. 50 per Call | Rs 100 Per Call (any Number of Trades in a Call |
| Minimum Brokerage Charges | Rs 21 per executed order | Rs 20 per trade |
Kotak Securities vs 5Paisa Offers
| Offers | Kotak Securities | 5Paisa |
| Free AMC | ||
| Free Brokerage | , Limited | |
| Free Account Opening Charge | ||
| Flat Brokerage Charges | , Limited | |
| Free Brokerage Charges | ||
| Free Intraday Charges | ||
| Delivery Charges | ||
| Margin Funding and Pledging | ||
| Refferal Offers | 10% + Upto Rs.500 per Client | 12.5% + Rs.100 Referral Credit per Client |
| Zero brokerage for Loss Making Trade | icon name=”times” prefix=”fas”], Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Kotak Securities vs 5Paisa Product Provided
| Type | Kotak Securities | 5Paisa |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital Gold | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
Kotak Securities vs 5Paisa Advisory Services Provided
| Type | Kotak securities | 5Paisa |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | (Fine School) | |
| Demat and Trading Service | ||
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of Kotak Securities vs 5Paisa
Kotak Securities vs 5Paisa Demat And AMC Charges
Kotak Securities trading account opening fees are zero (free), But SBI Securities account opening fees are Rs 850. Kotak Securities Demat Account AMC Charges are Rs 600, . While 5Paisa has Rs.300 annual maintenance cost (AMC) for trading accounts Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service.
| Charges | Kotak Securities | 5Paisa |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs.300 |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Kotak Securities vs 5Paisa Brokerage Charges
Kotak Securities trading account opening fees are zero (free) , Kotak Securities Demat Account AMC Charges are Rs 600, Whereas 5Paisa Provide 2 Super Saving Packs ( Power investor Pack & Ultra Trader Pack ) For saving Our Brokerage Charges And Other Charges .The table below shows brokerage charges of both the platform. Below the table shows brokerage charges of both the platforms.
Kotak Securities vs 5Paisa Leverage (Margin)
The Kotak Securities margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, while the 5Paisa offers up to 20% of the trade value (5x leverage) for intraday cash transactions, . Below the table shows leverage margin of both platform.
| Leverage | Kotak Securities | 5Paisa |
| Equity Delivery | 100% of trade value of (1x leverage) | Up to 20% of Trade Value (5x leverage) |
| Equity Intraday | Up to 20% of trade value of (5x leverage) | 100% of Trade Value (1x Leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML Margin (Span + Exposure) (1x Leverage) |
Kotak Securities vs 5Paisa investment Option
- Kotak Securities : For investment Kotak offers option like : stock equity, currency, commodity, ipo, mutual fund.
- 5Paisa : For investment 5Paisa offers: stock equity, currency, commodity, ipo, mutual fund it offer,s investment in Bond/NCD and debt type .
Kotak Securities vs 5Paisa Pros And Cons
Pros:
| Kotak Securities | 5Paisa |
| 1)Online trading strategiesallow for brokerage-freeintraday trading. 2) Investors under the age of 30receive no broking fees acrossall sectors. 3) The company is part of arenowned private bank (KotakMahindra Bank. 4) The NEST trading platform isprovided to frequent traders. 5) Kotak Securities is abank-based broker thatprovides a three-in-one account. Online tradingstrategies allow forbrokerage-free intraday trading. | 1)Trading terminals and the 5paisa smartphone app are examples of free trading software. 2)Direct mutual funds withoutbrokerage fees. 3) Brokerage with a flat fee. Only pay Rs. 20 for each completedorder. Concerns regarding thetrade’s size are over |
Cons:
| Kotak Securities | 5Paisa |
| 1)Kotak Securities’ website andmobile app are not as good asnew-age brokers like Zerodhaand Upstox. 2) High equity delivery broking fees. 3) High AMC changes (Rs 66 each month). 4) The margin-funding facilitycauses misunderstandingamong investors, who end uppaying large interest costsunwittingly. 5) The customer is required topay a yearly plan membershipcharge of Rs 499. Broking isextremely high in thedealer-assisted brokingscheme. | 1)In addition to the commission,Call & Trade costs Rs 100 eachcall. In a single call, any number of deals may be made. 2)Research and advisory isavailable at extra cost. 3)Exchange turnover fees arehigher than those of otherwell-known bargain stock brokers. 4)NRI Trading and Demat Accountis not available. |
Complaints Of Kotak Securities vs 5Paisa
The table below shows Total Complaints Lodged, Resolved and their percentage.
| Complaints | Kotak Securities | 5Paisa |
| Total Complaints Lodged | 435 | 289 |
| Total Complaints Resolved | 365 | 145 |
| % Of Total Complaints Resolved | 83.60 % | 80.40% |
| Non Actionable Complaints | 21 | 35 |
| % Of Non Actionable Complaints | 5 % | 16% |
Kotak Securities vs 5Paisa Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
| Transaction Charges | Kotak Securities | 5Paisa |
| Equity Delivery | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) |
| Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 325 per Cr(0.00325%) | BSE Rs 375per Cr (0.00375%) (Sell Side) |
| Equity Option | 0.0505% (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium). |
| Equity Future | 0.002% (NSE & BSE) | NSE Rs 3500 per Cr(0.035%) | BSE Rs 100per Cr (0.001%) (onpremium). |
| Currency Option | 0.037% (NSE) & 0.001% (BSE) | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | Group A – Rs 290 per Cr(0.0029%) |
| Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
| Commodity Future | NA | Group A – Rs 290 per Cr (0.0029%) |
Review Comparison Of Kotak Securities vs 5Paisa By Customer
CICI direct is rated 7 of 10 , whereas Angel One is rated 7 of 10
| Rating | Kotak Securites | 5Paisa |
| Brokerage | 8.5/10 | 6.5/10 |
| Customers Service | 6.5/10 | 6/10 |
| Fees | 7.5/10 | 5/10 |
| Trading Platform | 6.5/10 | 7.5/10 |
| Research | 6.5/10 | 7.5/10 |
| Broker Rating | 7/10 | 7.5/10 |
| Overall Rating | 7/10 | 7/10 |
Conclusion: Kotak Securities provide strong trading platforms with distinct advantages. Kotak Securities is well-known for its advanced trading tools, research papers, and customer care. Its mobile app is both easy to use and full of features. However, broking fees tend to be greater 5Paisa offers sophisticated trading tools, affordable brokerage costs, and a feature-rich software ideal for aggressive traders 5Paisa sophisticated choices and cheaper prices give it a minor advantage. In the end, 5Paisa is a better for seasoned traders looking for extensive tools and reduced prices . Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
Kotak Securities: 1800-209-9191
5 Paisa:- +918976689766
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
5Paisa Email:-Email ID:- support@5paisa.com
Client can contact on this email for clearing your doubt.
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