Comparison –  Kotak Securities Vs Axis Direct

Kotak Securities Axis Direct
Year of Incorporation 1994 2006
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE & BSE
Demat (NSDL/CDSL) NSDL/CDSL NSDL
Brokerages
Equity 0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.01/0.1 if brokerage paid upfront 0.05% for Intraday, 0.5% of Delivery
Equity Futures 0.05% – Reduces upto 0.01% if brokerage paid upfront 0.05% of Turnover
Equity Options Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront Rs 100/lot
Currency Futures 0.05% – Reduces upto 0.01% if brokerage paid upfront 0.05% of Turnover
Currency Options Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront Rs 100/lot
Commodity 0.05% – Reduces upto 0.01% if brokerage paid upfront NA
Account opening charges
Trading and Demat NA Rs 900
Only Trading Rs 750
Commodity Rs 250
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web
Charting 5 Days 5 days on Web based
Margins & Leverage Provided
Equity Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum Upto 10 times for Intraday, 0 for Delivery
Equity Futures Upto 5 times Intraday No Leverage
Equity Options Buying No Margin, Shorting upto 2 times for Intraday No Leverage
Currency Futures Upto 2 times Intraday No Leverage
Currency Options Buying No Margin, Shorting upto 2 times for Intraday No Leverage
Commodity Upto 2 times Intraday NA
Serviceable
3 in 1 Account YES YES
Instant Fund withdrawal YES YES
Instant Fund Transfer YES YES
Relationship Managers YES YES