Kotak Securities vs Upstox 2024 Review | Which Is Better
Kotak Securities vs Upstox
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. Upstox , founded in 2009, is a discount broker. It supports trading on the NSE, BSE , MCX And NCDEX. It has 4 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.
upstox
The Upstox trading platform provides trading, analysis, charting, and avariety of other advanced trading capabilities. This platform makes it simple to placeorders using mobile devices and online browsers. Upstox’s trading platform is basedon Omnisys NEST OMS (Order Management System) and RMS (Risk ManagementSystem). Upstox Pro allows you to trade equity F&O, equity intraday, commodities,and currency derivatives. Upstox Pro is the premium version of Upstox fortraders.Investors such as GVK Davix, Kalaari Capital, and Ratan Tata supportUpstox. UPSTOX established in 2009 ( then known as RKSV)..
Kotak Securities vs Upstox Charges
| Charges | Kotak Securities | Upstox |
| Trade and Call Charge | Rs. 50 per Call | (₹50 + 18% GST) per order. |
| Minimum Brokerage Charges | Rs 21 per executed order | Rs 20 |
Kotak Securities vs Upstox Offers
Kotak Securities vs Upstox Product Provided
| Type | Kotak Securities | Upstox |
| 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 Upstox Advisory Services Provided
Features Of Kotak Securities vs Upstox
Kotak Securities vs Upstox 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 Upstox has Rs.0 annual maintenance cost (AMC) for trading accounts, butcharges a ₹0 yearly fee for DEMAT accounts. Many investors favour itbecause of its competitive cost, user-friendly layout, and excellent customer service.
| Charges | Kotak Securities | Upstox |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 0 (Free) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Kotak Securities vs Upstox Brokerage Charges
Kotak Securities trading account opening fees are zero (free) , Kotak Securities Demat Account AMC Charges are Rs 600, whereas Upstox costs Rs 20 per completed transaction or 0.2.5%, whichever is lesser. Below the table shows brokerage charges of both the platforms.
Kotak Securities vs Upstox 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 Upstox offers up to 20% of the trade value (5x leverage) for intraday cash
transactions, .The table below shows the leverage margin of both platform ( 2024).
Kotak Securities vs Upstox investment Option
- Kotak Securities : For investment Kotak offers option like : stock equity, currency, commodity, ipo, mutual fund.
- Upstox : For investment Upstox offers option like : stock equity, currency, commodity, mutual fund.
Kotak Securities vs Dhan Pros And Cons
Pros:
| Kotak Securities | Upstox |
| 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)Brokerage for all other areas,including equities delivery, is flat at Rs20 per deal. 2)Provide mutual funds directly. Asingle software for commodities,currency, and stock trading. 3)There is no account opening cost.Investment in mutual funds requiresno brokerage. 4)For slabs of Rs 40,000, the MarginTrading Facility (MTF) is offered at aninterest rate of Rs 20 per day. 5)There is a Margin Against Share.Bonds, NCDs, FPOs, and IPOs mayall be done online. 6)Orders that are Good-Till-Triggered(GTT) are accessible. 7)Minimal brokerage charges:Upstox helps traders save moneyon transaction costs by providingcompetitive brokerage prices. |
Cons:
| Kotak Securities | Upstox |
| 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)Doesn’t give trading strategies thatare infinite and does not providemoney for margin on deliverytransactions. 2)Does not provide recommendationsor stock suggestions. 3)The brokerage cost for equitydelivery is Rs 20 per deal. Equitydelivery trades are offeredbrokerage-free by other brokers, suchas Zerodha. doesn’t give tradingstrategies that are infinite. 4)Not providing a three-in-oneaccount. lacks round-the-clock clientservice. 5)Does not provide Demat and NRITrading accounts and does notprovide BTST not providing digitalgold ,call-and-trade charge of Rs 20 isadded to each executed order. |
Complaints Of Kotak Securities vs Upstox
Data from 2024 reveals that Kotak Securities had more customer complaints than Upstox when
comparing the two companies. In particular, Kotak Securities received 435 complaints and resolved
335 whereas Usptox received 289 complaints and resolved 257. This shows that Upstox performs better in terms of customer service than Kotak Securitites. as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
Kotak Securities vs Upstox 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.
Review Comparison Of Kotak Securities vs Upstox By Customer
CICI direct is rated 3.3 of 5 , whereas Angel One is rated 3.4 of 5
| Rating | Kotak Securites | Usptox |
| Brokerage | 7.5/10 | 7/10 |
| Customers Service | 6.5/10 | 6/10 |
| Fees | 7.5/10 | 7/10 |
| Trading Platform | 7/10 | 8/10 |
| Research | 8/10 | 6/10 |
| Broker Rating | 7/10 | 7.5/10 |
| Overall Rating | 7/10 | 7.5/10 |
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.Upstox is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Kite platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Upstox offers affordable costs and cutting-edge technology,. 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
Upstox : 022-41792999
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
Upstox Support Email:- support@upstox.com
Client can contact on this email for clearing your doubt.
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