Kotak Securities vs Geojit BNP Paribas – Point by Point comparison

The fee for opening a trading account using Kotak Securities is Rs 750 where as for Geojit Bnp Paribas it is Rs 800. Both the firms provide for Full Service Broker. The brokerage charges such as equity delivery charge, equity intraday charge and equity future charge for Kotak Securities are 0.49%, 0.05% and 0.05% respectively, whereas the same charges for Geojit Bnp Paribas are 0.30%, 0.03% and 0.03%. There are no commodity charges when one uses Geojit Bnp Paribas for trading but if one chooses Kotak Securities an additional charge of 0.07% will be added to the total cost. Geojit Bnp Paribas does not provide for a customer support through online live chat whereas Kotak Securities provides such feature and thus the customers can have their issues addressed in a more comprehensive manner.

Kotak Securities Geojit BNP Paribas
Basic Information Type of Broker Full Service Broker Full Service Broker
Exchanges BSE, NSE, MCX, MCX-SX & NCDEX BSE, NSE, MCX-SX
Fees for Opening Trading Account Rs. 750 Rs. 800
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 600 Rs. 350
Brokerage Charges Equity Delivery Charges 0.49% 0.30%
Equity Intraday Charges 0.05% 0.03%
Equity Future Charges 0.05% 0.03%
Equity Options Charges Rs. 100 Rs. 75 per lot
Currency Futures Charges NA Rs. 10 to Rs. 15 (vary as per contract)
Currency Options Charges NA Rs. 10 to Rs. 15 (vary as per contract)
Commodity Charges 0.07% NA
Minimum Brokerage Charges Rs. 21 per executed order Re. 0.01 per share or Rs. 20 per contract, whichever is higher
Transaction Charges Equity Delivery 0.10% 0.00%
Equity Intraday 0.025% on selling ledger 0.00%
Equity Futures 0.01% 0.00%
Equity Options 0.02% 0.055% on Premium
Currency Futures 0.01% 0.00%
Currency Options 0.02% 0.0473% on Premium
Commodity 0.00% NA
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform NA Flip Platinum
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt N Y
Bond/ NCD Y NA
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat Y N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results NA Y

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