Kotak Securities vs SBI Securities Review 2025 | Which One is Better
|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.
SBI SECURITIES

SBI Securities Ltd (SSL) is the State Bank Group’s stock broking arm and a 100%
subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. The company,
founded in 2006, provides Institutional Equity, Retail Equity, Derivatives, Broking, Depository
services, and Third Party Distribution products. They also offer online trading services for
investors and traders.
Also SBI Smart is the company’s premier trading platform. The portal enables both resident
and non-resident Indians (NRIs) to invest online in equity, derivatives, mutual funds, ETFs,
IPOs, and NCDs. It also provides financing products such as home loans, car loans, and
loans against securities (LAS). SSL is registered with the Securities Exchange Board of India
and is a Depository Participant with NSDL and CDSL.
Kotak Securities, founded in 1994, is a full-service broker. It offers trading on the BSE, NSE,
MCX, and NCDEX. It operates 153 branches across India. SBI Securities, founded in 2001,
is a full-service broker. It offers trading on the BSE and NSE. It operates 117 branches
across India.
Kotak Securities | SBI Securities | |
Broker Type | Full Service Broker | Full Service Broker |
Year of Incorporation | 1994 | 2006 |
Exchange of Membership | BSE, NSE, MCX, NCDEX | NSE and BSE |
Founder | Jaideep Hansraj | Arun Mehta |
Company Type | Private | Public |
KOTAK SECURITIES VS SBI SECURITIES CHARGES
Charges | Kotak Securities | SBI Securities |
Trade and Call Charges | Rs. 50 per Call | Rs 10 per call (after 30 free calls a month |
Minimum Brokerage Charges | Rs 21 per executed order | Rs 0.05 for Cash, Rs 0.01 Future |
KOTAK SECURITIES VS SBI SECURITIES TRADING PLATFORM
Platform | Kotak Securities | SBI Securities |
Android App | Kotak Securities App | SBI Securities App |
Algo Trading Platform | NA | NA |
Foreign Stocks Trading Platform | NA | NA |
Mutual Fund Trading Platform | ||
Basket Trading Platform | ||
Trading Terminal | ||
Digital Gold Investment Trading Platform | NA | NA |
Bond Investment Trading Platform | NA | Available |
KOTAK SECURITIES VS SBI SECURITIES OFFERS
Offers | Kotak Securities | SBI Securities |
Free AMC | ||
Free Brokerage | , Limited | |
Free Account Opening | ||
Flat Brokerage | , Limited | |
Flexible Brokerage | ||
Free Delivery Trading | ||
Free Intraday Trading | ||
Margin Funding and Pledging | ||
Free F&O Charge | ||
Refferal Offers | 10% + Upto Rs.500 per Client | Upto Rs.700 per Client |
Zero Brokerage for Loss Making Trade | , Limited | , Limited |
Brokerage Cashback | ||
Free Trading Calls | ||
Free Research Report | ||
KOTAK SECURITIES VS SBI SECURITIES PRODUCT PROVIDED
Type | Kotak Securities | SBI Securities |
Equity Delivery | ||
Equity Intraday | ||
Equity Option | ||
Equity Future | ||
Currency Option | ||
Currency Future | ||
Commodity Options | ||
Commodity Futures | ||
Mutual Funds | ||
Foreign Stocks | ||
Banking | ||
Insurance | ||
Digital Gold | ||
Govt./ Corporate Bonds | ||
KOTAK SECURITIES VS SBI SECURITIES ADVISORY SERVICES
Type | Kotak Securities | SBI Securities |
IPO Service | ||
Weekly and Monthly Review | ||
Daily Stock Picks and Stock Tips | ||
PMS or PCG | ||
Trading Institution | , Investor Sarathi | |
Demat and Trading Service | ||
Intraday Service | ||
NRI Service | ||
Share Pledging | ||
3 in 1 Account | ||
Company and Annual report | ||
Stock Recommendation and Research Report | ||
Robo Advisory | ||
FEATURES OF KOTAK SECURITIES VS SBI SECURITIES
The trading platforms offered by Kotak Securities include Website, KEAT ProX Trading
Terminal, Kotak Stock Trader (Mobile App), Fastlane . While SBI Securities offers SBI Smart
Express, SBI Smart Web, SBI Smart Mobile trading software.
Features | Kotak Securities | SBI Securities |
Charts | ||
Automated Trading | ||
3 in 1 Account | ||
SMS Alerts | ||
Margin Against Shares (Equity Cash ) | ||
Margin Against Shares ( F&O ) | ||
Online Platform | ||
Online Demo | ||
Intraday Square Off Time | 3:00 PM | 2:45 PM |
Global Indices | ||
Real Time Update | ||
Stock Tips | ||
Multi Profile Management | ||
Online MF Buy | ||
Interactive Charts | ||
Customised Recommendation | ||
Margin Trading Funding | ||
KOTAK VS SBI SECURITIES DEMAT / TRADING ACCOUNT 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 SBI Securities Demat Account AMC Charges are Rs 750 (free for the first year). Below the table shows Charges of both the platform.
Type | Kotak Securities | SBI Securities |
Demat Account Opening Charge | Rs 0 ( free ) | Rs 850 |
Demat Account AMC Charge | Rs 600 | 750 (Free for 1st Year) |
Trading Account Opening Charge | Rs 0 ( free ) | Rs 850 |
Trading Account AMC Charge | Rs 0 | Rs 850 |
KOTAK SECURITIES VS SBI SECURITIES BROKERAGE CHARGES
Kotak Securities provides a set broking plan, with equities delivery trades at 0.25%, intraday and futures at 0.025, and options at ₹20 per lot. Prepaid plans are available for major merchants, which further reduces costs. SBI Securities offers equity delivery trades at 0.50%, intraday at 0.05%, futures at 0.05%, and options priced at ₹100 per lot. Kotak is typically more cost-effective for options trading and high-volume traders, but SBI may be more expensive for frequent traders. Both platforms impose additional fees such as STT, GST, and transaction fees.
Brokerage | Kotak Securities | SBI Securities |
Brokerage Plan | Trade Free plan | Standard plan |
Equity Delivery | 0.25% or Rs.20 (whichever is higher) | 0.50% of Transaction Value |
Equity Intraday | Free | 0.075% of Transaction Value |
Equity Option | Rs.20 per Trade | Rs.50 to Rs.100 per lot |
Equity Future | Rs.20 per Trade | 0.05% of Transaction Value |
Currency Option | Rs.20 per Trade | Rs.20 to Rs.30 per lot |
Currency Future | Rs.20 per Trade | 0.05% of Transaction Value |
Commodity Option | Rs.20 per Trade | Rs.50 to Rs.100 per lot |
Commodity Future | Rs.20 per Trade | 0.05% of Transaction Value |
KOTAK SECURITIES VS SBI SECURITIES 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 SBI Securities margin for intraday cash is likewise
up to 20% of the trade value (5x leverage). Below the table shows some of its margin
leverage
LEVERAGE | Kotak Securities | SBI Securities |
Equity Delivery | 100% of trade value of (1x leverage) | 100% of trade value of (1x leverage) |
Equity Intraday | Up to 20% of trade value of (5x leverage) | Up to 20% of trade value of (5x 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 SBI SECURITIES PROS AND CONS
Pros:
Kotak Securities | SBI Securities |
1)Online trading strategies allow for brokerage-free intraday trading. 2) Investors under the age of 30 receive no broking fees across all sectors. 3) The company is part of a renowned private bank (Kotak Mahindra Bank. 4) The NEST trading platform is provided to frequent traders. 5) Kotak Securities is a bank-based broker that provides a three-in-one account. Online trading strategies allow for brokerage-free intraday trading. | 1)It Offer a 3-in-1 account for easy transactions. 2) A wide variety of investing opportunities. Free research reports are accessible. 3) Full-service broker that provides services both online and through branches. |
Cons:
Kotak Securities | SBI Securities |
1)Kotak Securities’ website and mobile app are not as good as new-age brokers like Zerodha and Upstox. 2) High equity delivery broking fees. 3) High AMC changes (Rs 66 each month). 4) The margin-funding facility causes misunderstanding among investors, who end up paying large interest costs unwittingly. 5) The customer is required to pay a yearly plan membership charge of Rs 499. Broking is extremely high in the dealer-assisted broking scheme. | 1)Full-service broker that provides services both online and through branches. 2) Offer a 3-in-1 account for easy transactions. 3) A wide variety of investing opportunities. Free research reports are available. |
KOTAK SECURITIES VS SBI SECURITIES REVIEW
Kotak Securities is rated 2.4 of 5 based on + 200 customer reviews whereas SBI Securities
is rated 2.5 of 5 based on 190 + customer The table shows some of its review.
REVIEW | Kotak Securities | SBI Securities |
Customers service | ⭐⭐⭐ | ⭐⭐⭐ |
Fees | ⭐⭐ | ⭐⭐⭐ |
Brokerage | ⭐⭐ | ⭐⭐ |
Trade and call charge | ⭐⭐⭐ | ⭐⭐ |
Research capabilities | ⭐⭐ | ⭐⭐ |
Overall ratings | ⭐⭐⭐ | ⭐⭐⭐ |
COMPLAINTS OF KOTAK SECURITIES VS SBI SECURITIES
COMPLAINTS | Kotak Securities | SBI Securities |
Total Complaints Lodged | 435 | 180 |
Total Complaints Resolved | 365 | 161 |
% of total Complaints Resolved | 83.60 % | 180.50 % |
Non Actionable Complaints | 21 | 12 |
% of non actionable Complaints | 5 % | 6.03 % |
KOTAK SECURITIES VS SBI SECURITIES TRANSACTION 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.
Type | Kotak Securities | SBI Securities |
Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | 0.00335% (NSE) & 0.00375% (BSE) |
Equity Delivery | 0.00335% (NSE) & 0.00375% (BSE) | 0.00335% (NSE) & 0.00375% (BSE) |
Equity Option | 0.0505% (on premium) | 0.053% (on premium) |
Equity Future | 0.002% (NSE & BSE) | 0.002% (NSE & BSE) |
Currency Option | 0.037% (NSE) & 0.001% (BSE) | 0.037% (NSE) & 0.001% (BSE) |
Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | 0.0009% (NSE) & 0.00022% (BSE) |
Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
Conclusion: Kotak Securities and SBI Securities both 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. SBI Securities, supported by the State Bank of
India, offers dependable services at cheap broking fees and high customer confidence.
While its platform is not as advanced as Kotak’s, it provides full banking and trading
integration. Choosing between them is based on the importance of sophisticated features
versus cost-efficiency and trust.
Customer Care Number/Email
Kotak Securities: 1800-209-9191
SBI Securities:- 022-42273373
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
SBI Securities Support Email :- helpdesk@sbicapsec.co
Client can contact on this email for clearing your doubt.