Comparison –  Reliance Securities Vs Kotak Securities

Reliance Securities Kotak Securities
Year of Incorporation 2006 1994
Exchanges enabled NSE, BSE, & MCX-SX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL, CDSL NSDL/CDSL
Brokerages
Equity Equity: Upfront Brokerage: 0.04%/0.4% to 0.01%/0.1% for Intraday/Delivery
0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.01/0.1 if brokerage paid upfront
Equity Futures Upfront Brokerage: 0.04% to 0.01% of Turnover 0.05% – Reduces upto 0.01% if brokerage paid upfront
Equity Options Upfront Brokerage: Rs 70/lot to Rs 10/lot Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures Upfront Brokerage: 0.04% to 0.01% of Turnover 0.05% – Reduces upto 0.01% if brokerage paid upfront
Currency Options Upfront Brokerage: Rs 70/lot to Rs 10/lot 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 950 NA
Only Trading NA Rs 750
Commodity NA Rs 250
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 22 Days on NEST 5 Days
Margins & Leverage Provided
Equity Upto 10 Times Intraday, Upto 3 times Delivery @ 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 3 times Intraday Upto 5 times Intraday
Equity Options No Leverage Buying No Margin, Shorting upto 2 times for Intraday
Currency Futures No Leverage Upto 2 times Intraday
Currency Options No Leverage Buying No Margin, Shorting upto 2 times for Intraday
Commodity NA Upto 2 times Intraday
Serviceable
3 in 1 Account NO YES
Instant Fund withdrawal NO YES
Instant Fund Transfer YES YES
Relationship Managers NO YES