IDBI Capital vs Kotak Securities – Point by Point Comparison

IDBI Capital and Kotak Securities, both are full service brokers. IDBI Capital exchanges trade in BSE and NSE while Kotak Securities does trade in BSE, NSE, MCX, MCX-SX and NCDEX. As we all know that there is some amount or fee for opening a trading account. It’s Rs. 700 for IDBI Capital and Rs. 750 in Kotak Securities.

The “Annual Maintenance Charges of Trading Account” is NIL for both the companies. IDBI do not charge anything for opening a Demat Account and same is for Kotak Securities. To maintain these accounts, there is a maintenance charge. It is Rs. 350 for IDBI and Rs. 600 for Kotak Securities.

The “Equity Delivery Charges” is 0.50% and 0.49% for Kotak Securities. IDBI Capital charges a lot for Equity Options as compared to My Value Trade. It is Rs. 100 per lot while for Kotak Securities it’s Rs. 100.  The commodity charge is zero in IDBI while Kotak Securities charges 0.07%. Both the companies have trading platform which is Power Pro for IDBI and nothing in Kotak Securities. The “Currency Future” and “Currency Option” is not applicable in IDBI Capital while it is 0.01% and 0.02% for Kotak Securities. Both the companies allow mobile trading which is one of best feature.

    IDBI Capital Kotak Securities
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 700 Rs. 750
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 600
Brokerage Charges Equity Delivery Charges 0.50% 0.49%
Equity Intraday Charges 0.08% 0.05%
Equity Future Charges 0.08% 0.05%
Equity Options Charges Rs. 100 per lot Rs. 100
Currency Futures Charges NA NA
Currency Options Charges NA NA
Commodity Charges NA 0.07%
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 21 per executed order
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on selling ledger
Equity Futures 0.00% 0.01%
Equity Options 0.051% on Premium 0.02%
Currency Futures NA 0.01%
Currency Options NA 0.02%
Commodity NA 0.00%
Features 3-in-1 Account Y Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts NA Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Power Pro NA
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y N
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y NA

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