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Upstox Vs Kotak Securities – Broker Comparison | Find Best Broker

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Upstox Vs Kotak Securities – Comparison

Here we compared Upstox vs Kotak Securities based on all segment-wise details knowing which is necessary for every investor.  In this comparative study, we highlighted the pros and cons of both the broker for the information of investors.

Upstox (formerly known as RKSV Securities) is a renowned discount broker that started its journey in 2009 based on Mumbai.

This discount broker is famed for its variety of trading terminal offerings and a wide range of products and services. They don’t charge any brokerage for equity delivery. 

On the other side, Kotak Securities is also a full-service broker organization. Listed under BSE, NSE, MCX-SX, MCX & NCDEX, it is also a premier brand in the stockbroking industry.

Incorporated in 1994 it has a global presence with 1329 branches in 360 cities with millions of customers.

Features: 

Upstox

  1. Zero brokerage fee on equity delivery trading
  2. Flat fee-based brokerage fee structure.
  3. Trading Account AMC is free of cost.
  4. Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 
  5. Margin Money not required. 
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Kotak Securities:

  1. 3-in-1 account facility available.
  2. Don’t have a commodity trading facility.
  3. The dedicated research platform covers 166 stocks.
  4. NRI & Marginal trading available,
  5. A minimum brokerage charge is applicable.
Upstox Vs Kotak Securities
Upstox Vs Kotak Securities

Upstox Vs Kotak Securities Overview: 

Comparing Upstox vs Kotak Securities based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

OverviewKotak SecuritiesUpstox
Organization TypePublicPrivate
Broker CategoryFull-Service BrokerDiscount Broker
Head OfficeMumbai, IndiaMumbai, India
Founded byUday Raj KotakRaghu Kumar,
Ravi Kumar &
Shrinivas Vishvanath
Commencement Year19942009

Upstox Vs Kotak Securities Customer Ratings: 

Comparing Upstox vs Kotak Securities based on Customer Ratings we get this information.

Here we can see that regarding experience, product-service, trading platform & research work, Kotak Securities is leading but in the remaining segment such as brokerage charges Upstox is winning the race.

Customer RatingsKotak SecuritiesUpstox
On Experience7.0 out of 105.3 out of 10
On Products & Services8.6 out of 106.5 out of 10
On Brokerage Charges & Fees6.5 out of 109.5 out of 10
On Stock Research & Advisory9.0 out of 103.0 out of 10
On Trading Platforms8.9 out of 106.5 out of 10
On Overall Ratings8.0 out of 106.2 out of 10
On Star Ratings★★★★★★★★☆☆

Comparison on AMC & AOC: 

Here we have compared Upstox vs Kotak Securities based on account opening charge & account maintenance charge. Here we can see from the below contrast that Upstox offers free AMC on the trading account along with zero margin money criteria. Whereas, Kotak Securities provides free account opening only. 

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Demat ServicesKotak SecuritiesUpstox
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesZeroRs.150
Demat AMC ChargesFree or Rs.300 per AnnumRs.150 per Annum
Trading AMC Charges500Free
Margin MoneyMinimum Rs.25,000Zero
Offline to OnlineNoNo

Upstox Vs Kotak Securities Brokerage Charge: 

Contrasting Upstox vs Kotak Securities based on Brokerage Charge we get the below details. Here we can see that Kotak Securities offers a percentage based brokerage charge structure.

While Upstox has a very economical flat fee-based brokerage charge. Both Upstox & Kotak Securities charge a minimum brokerage on executed orders.

Brokerage Charge & FeesKotak Securities BrokerageUpstox Brokerage
Equity Delivery Trading0.49%Zero
Equity Intraday Trading0.049%Rs.20
Commodity Options TradingNARs.20
Equity Futures Trading0.049%Rs.20
Equity Options TradingRs.100 per LotRs.20 per lot
Currency Futures Trading0.049%Rs.20
Currency Options TradingRs.70 per LotRs.20 per lot
Minimum BrokerageRs.21 per TradeRs.20
Demat AMC ChargesFree or Rs.300 per AnnumRs.150 per annum
Trading AMC ChargesRs.500 per AnnumFree
Margin MoneyMinimum Rs.25,000Zero

Comparison of Other Charges: 

In terms of Administrative transactional charge, we here compared Upstox vs Kotak Securities as below. We can see that both the broker share a similar charge structure other than the transaction charge criteria. The charge of Kotak Securities in the transaction charge part is greater than Upstox. 

Other ChargesKotak SecuritiesUpstox
Transaction Charges0.00320% of Total Turnover0.00275% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison of Offers & Discount: 

Contrasting Upstox vs Kotak Securities we get the below comparison on offers. We here can see that in terms of offers Kotak Securities is a step ahead of Upstox for offering more offers.

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OffersKotak SecuritiesUpstox
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for Loss Making Trades

Comparison on Services Offered: 

Assessing Upstox vs Kotak Securities based on their service offering we derived the below comparison. These different services help you in trading and investments.

ServicesKotak SecuritiesUpstox
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 12xMaximum 20x

Upstox Vs Kotak Securities Research & Advisory: 

Contrasting Upstox vs Kotak Securities based on their research & advisory offering we received the below comparison. Here we can see in the below table that Kotak Securities offers different advisory supports, where Upstox doesn’t provide any.

Research & AdvisoryKotak SecuritiesUpstox
Fundamental Reports
Research Reports
Company Reports
Annual Reports
Company Stock Review
Free Stock Tips
IPO Reports
Top Picks
Daily Market Review
Monthly Reports
Weekly Reports
Offline Advisory
Relationship Manager

Upstox Vs Kotak Securities Margin/ Exposure/ Leverage 

Considering Upstox vs Kotak Securities based on product-wise leverage we get the below details. 

Exposure / LeverageKotak Securities Margin Upstox Margin
Equity DeliveryMaximum 10xMaximum 5x
Equity IntradayMaximum 20xMaximum 20x
Equity FuturesMaximum 10xMaximum 7x
Equity OptionsMaximum 20xMaximum 8x
Currency FuturesMaximum 10xMaximum 5x
Currency OptionsMaximum 15xMaximum 6x
CommoditiesMaximum 10xMaximum 7x

Comparison on Products Offered: 

Assessing Upstox vs Kotak Securities based on their product offering we derived the below comparison.

We can see in this below comparison that Kotak Securities offered to trade in Mutual funds, forex, banking, insurance & SIP which Upstox doesn’t. Both Upstox & Kotak Securities don’t offer to trade in commodities. 

ProductsKotak SecuritiesUpstox
Equity Trading
Commodity TradingNo
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Upstox Vs Kotak Securities Trading Platform: 

Because of the trading terminal offering of Upstox vs  Kotak Securities, we compared them as below.  

Trading PlatformsKotak SecuritiesUpstox
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Comparison on Customer Support: 

Comparing customer assistance, we here have compared Upstox vs Kotak Securities as below. We can see from the below chart that Upstox doesn’t provide dedicated dealers, offline trading, 24X7 support, toll-free number, and chat facility. While Kotak Securities doesn’t facilitate chat support. 

Customer SupportKotak SecuritiesUpstox
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number1800 222 299022 – 6130 9999
Email Support
Chat Support
Toll-Free Number1800 222 299
Branches160Zero
Kotak Free Demat account
Upstox Vs Kotak Securities – Kotak Free Demat account

Comparison on Complaint Handled: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Upstox vs Kotak Securities based on their customer complaint handling in the below table. 

Complaints (Current Year)Kotak SecuritiesUpstox
Lodged in BSE185185
Resolved in BSE182126
Lodged in NSE226175
Resolved in NSE214139

Conclusion: 

Finally, we can conclude that Kotak Securities (full-service broker) has a huge offering for its customers just like its market reputation. But Upstox (discount broker) offers lower charges to its customers.

Still, it should be kept in mind that individual investors should opt the broker Upstox and Kotak Securities as per his need only.

Upstox demat account
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