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

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KOTAK SECURITIES

Kotak Securities vs SBI 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 vs Kotak 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 SecuritiesSBI Securities
Broker TypeFull Service BrokerFull Service Broker
Year of Incorporation19942006
Exchange of MembershipBSE, NSE, MCX,
NCDEX
NSE and BSE
FounderJaideep HansrajArun Mehta
Company TypePrivatePublic

KOTAK SECURITIES VS SBI SECURITIES CHARGES

ChargesKotak SecuritiesSBI Securities
Trade and Call ChargesRs. 50 per CallRs 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

PlatformKotak SecuritiesSBI Securities
Android AppKotak Securities AppSBI Securities App
Algo Trading PlatformNANA
Foreign Stocks Trading PlatformNANA
Mutual Fund Trading Platform
Basket Trading Platform
Trading Terminal
Digital Gold Investment Trading PlatformNANA
Bond Investment Trading PlatformNAAvailable

KOTAK SECURITIES VS SBI SECURITIES OFFERS

OffersKotak SecuritiesSBI 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 Offers10% + 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

TypeKotak SecuritiesSBI 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

TypeKotak SecuritiesSBI 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.

FeaturesKotak SecuritiesSBI 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 Time3:00 PM2:45 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.

TypeKotak SecuritiesSBI Securities
Demat Account Opening
Charge
Rs 0 ( free )Rs 850
Demat Account AMC
Charge
Rs 600750 (Free for 1st
Year)
Trading Account Opening
Charge
Rs 0 ( free )Rs 850
Trading Account AMC
Charge
Rs 0Rs 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.

BrokerageKotak SecuritiesSBI Securities
Brokerage PlanTrade Free planStandard plan
Equity Delivery0.25% or Rs.20
(whichever is
higher)
0.50% of
Transaction
Value
Equity IntradayFree0.075% of
Transaction
Value
Equity OptionRs.20 per TradeRs.50 to Rs.100
per lot
Equity FutureRs.20 per Trade0.05% of
Transaction
Value
Currency OptionRs.20 per TradeRs.20 to Rs.30
per lot
Currency FutureRs.20 per Trade0.05% of
Transaction
Value
Commodity OptionRs.20 per TradeRs.50 to Rs.100
per lot
Commodity FutureRs.20 per Trade0.05% 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

LEVERAGEKotak SecuritiesSBI Securities
Equity Delivery100% of trade value of
(1x leverage)
100% of trade value of
(1x leverage)
Equity IntradayUp 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 SecuritiesSBI 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 SecuritiesSBI 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.

REVIEWKotak SecuritiesSBI Securities
Customers service⭐⭐⭐⭐⭐⭐
Fees⭐⭐⭐⭐⭐
Brokerage⭐⭐⭐⭐
Trade and call charge⭐⭐⭐⭐⭐
Research capabilities⭐⭐⭐⭐
Overall ratings⭐⭐⭐⭐⭐⭐

COMPLAINTS OF KOTAK SECURITIES VS SBI SECURITIES

COMPLAINTSKotak SecuritiesSBI Securities
Total Complaints
Lodged
435180
Total Complaints
Resolved
365161
% of total Complaints
Resolved
83.60 %180.50 %
Non Actionable
Complaints
2112
% 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.

TypeKotak SecuritiesSBI Securities
Equity Intraday0.00335% (NSE)
& 0.00375%
(BSE)
0.00335% (NSE) &
0.00375% (BSE)
Equity Delivery0.00335% (NSE)
& 0.00375%
(BSE)
0.00335% (NSE)
& 0.00375%
(BSE)
Equity Option0.0505% (on
premium)
0.053% (on
premium)
Equity Future0.002% (NSE &
BSE)
0.002% (NSE &
BSE)
Currency Option0.037% (NSE) &
0.001% (BSE)
0.037% (NSE) &
0.001% (BSE)
Currency Future0.0009% (NSE) &
0.00022% (BSE)
0.0009% (NSE) &
0.00022% (BSE)
Commodity Option0.05% (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.

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