Comparison – ICICI Direct Vs Kotak Securities

ICICI Direct Kotak Securities
Year of Incorporation 2000 1994
Exchanges enabled NSE & BSE NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL & CDSL NSDL/CDSL
Brokerages
Equity Equity Intraday 0.05% & Delivery 0.25%- Negotiable 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.01/0.1 if brokerage paid upfront
Equity Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.05% – Reduces upto 0.01% if brokerage paid upfront
Equity Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.05% – Reduces upto 0.01% if brokerage paid upfront
Currency Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Commodity NA 0.05% – Reduces upto 0.01% if brokerage paid upfront
Account opening charges
Trading and Demat Rs 975 for 3 in 1 Account NA
Only Trading NA Rs 750
Commodity NA Rs 250
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 20 Days 5 Days
Margins & Leverage Provided
Equity Intraday upto 25 times & Delivery upto 5 times for interest Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum
Equity Futures Upto 4 times for intraday Upto 5 times Intraday
Equity Options Not for buying but upto 2 times for shorting Buying No Margin, Shorting upto 2 times for Intraday
Currency Futures NA Upto 2 times Intraday
Currency Options NA Buying No Margin, Shorting upto 2 times for Intraday
Commodity NA Upto 2 times Intraday
Serviceable
3 in 1 Account YES YES
Instant Fund withdrawal YES YES
Instant Fund Transfer YES YES
Relationship Managers YES YES