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They announced zero brokerage for intraday training
- Traditionally a full-service broker, Kotak Securities entered the discount brokerage model in November 2020 with its Trade FREE Plan. Here, they announced zero brokerage for intraday training across segments, a first of its kind plan in India. It is also known as Free Intraday Trading (FIT) plan.
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Does Kotak offer zero brokerage for intraday training?
Does Kotak Securities offer free intraday training in India?
Does Kotak Securities offer brokerage?
What is Kotak Securities trade free plan?
Trade Free Plan is a simplified brokerage plan offered by Kotak Securities. Here's what you get with this plan: Free Intraday Trades; You can enjoy zero brokerage for intraday trades across all segments - Equity (Cash), Equity Derivatives (F&O), Currency and Commodity. Equity Delivery Trades
Nov 19, 2020 · Kotak Securities on Thursday announced the launch of a new set of trading plans with zero brokerage for intraday training across segments, a first of its kind plan in India. Kotak is offering zero brokerage on intraday trades and Rs. 20 per order for all other future & options (F&O) trades including equity, commodity and currency.
Kotak Securities offers new-age online trading plans. Investors under the age of 30 can enjoy the benefits of the Trade Free Youth Plan, which offers ZERO brokerage on all intraday trades. Meanwhile, investors above the age of 30 enjoy ZERO brokerage on all trades via the Trade Free Plan.
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- Trade Free Youth plan is designed for young traders and investors under 30 years of age. The plan offers ZERO brokerage across all segments on all...
- We at Kotak Securities understand how you feel about investing, your fears, and willingness to take risks. As a result, we've developed a brokerage...
- To Activate this plan, you have to pay a subscription fee of Rs.499 p.a.(Incl. of Gst) We have ensured that you have to pay no brokerage charges bu...
- We have specifically crafted this plan for our clients below the age of 30, after understanding their investment philosophy, saving patterns and ri...
- Unfortunately no. This plan does not apply to any of the below listed individuals (barring the age criteria): Kotak Securities employees, NRIs, Non...
- Yes. The plan is valid for a period of 2 years with an annual subscription fee of Rs.499 (incl. of gst) post which you will be shifted to the Trade...
- Where as the brokerage charge on trades is zero, if you place an order through a dealer, yes, you will have to incur a charge of Rs. 49 per traded...
- Securities Loan & Borrowing Mechanism (SLBM) stands for Securities Lending & Borrowing Mechanism, and YES, you will be charged a very low lending a...
- No. Even if you turn 30 the day after you subscribe, you will be locked into this plan for the next two years.
- If you already hold an account with Kotak Securities, you can login to the below platforms and subscribe to the Trade Free Youth Plan. Website (www...
- Quick Kotak Securities Trade Free Plan Review
- About Kotak Securities Limited
- Kotak Securities Trade Free Plan Review
- Brokerage and Other Charges of Kotak Securities Trade Free Plan
- Trading Platforms by Kotak Securities
- Pros and Cons of Kotak Securities Trade Free Plan
- Closing Thoughts
Before we start the detailed review, let us give you a quick review of the Kotak Securities Trade FREE Plan highlighting the Key Features for the reader. Kotak Securities Limited (KSL) is a part of Kotak Mahindra Bank Ltd.In its TRADE FREE PLAN, KSL is offering zero brokerage on intraday trades and Rs. 20 per order for all other future & options (F...
Kotak Securities Limited (KSL) is a part of Kotak Group with a legacy of over +20 Million Customers. Looking into the parent Kotak Group, they offer a wide range of financial services in the fields of commercial banking, stockbroking, mutual funds, life & general insurance, and investment banking. Kotak Group caters to the diverse financial needs o...
After the entrance of the discount brokers in the stockbroking industry, the traditional full-service brokers started getting a lot of competition from the new disruptors like Zerodhaand Upstox. They started offering cheaper brokerage charges with technically advanced technology platforms which attracted a lot of customers. To fight back with the d...
Brokerage Charges of Kotak Securities Trade FREE Plan
1. FREE : Intraday Trades — All Segments: Zero brokerage for intraday trades across Cash, Futures & Options, Currency & Commodity 2. Rs 20 Per Order: All other F&O, MIS & Super Multiple (Cover Order) — Flat fee of Rs 20 per executed order 3. 0.25% of Transaction: Equity & Commodity Delivery — Equity & Commodity Delivery at just 0.25% of transaction value. This brokerage is subject to a minimum brokerage of Rs 20 per executed order.
Account Opening Charges and AMC
1. Account Opening Charges: NIL (Rs 499 Waived Off) 2. Annual Maintenence Charges: Rs 50 per month
Is Intraday Trading actually FREE under the Trade FREE Plan?
In the Trade FREE Plan, No brokerage is charged for intraday trades for which you provide at least the exchange-prescribed margins. However, in order to adhere to statutory requirements, a nominal brokerage of only 1 paisa per scrip/underlying is charged. Further, the catch is that higher exposure intraday trades using Super Multiple will incur a flat brokerage of Rs 20 per executed order.
Kotal Securities limited offers multiple trading platforms so that the customers can choose the one that suits their requirements the best. Here are the trading platforms offered by Kotak Securities: 1. Kotak Stock Trader: It is a is a widely used mobile trading app for trading in the Indian stock market. The app allows you to trade Equities, Futur...
Pros of Kotak Securities Trade FREE Plan
Here are a few of the top advantages of Kotak Securities Trade FREE Plan: 1. Zero Brokerage on Intraday Trading 2. Flat brokerage of Rs 20/per order of F&O Trades 3. Use of Stocks as Margin (Instead of Cash Margin) 4. Full Broker Services at Discount brokerage rate offering a wide range of investment options and research reports. 5. Multiple trading platforms to fulfill almost all customer requirements. 6. In-depth market Market Research Reports
Cons of Kotak Securities Trade FREE Plan
Here are a few of the top disadvantages of Kotak Securities Trade FREE Plan: 1. Higher Brokerage Charge on Delivery trades compared to discount brokers 2. Higher AMC compared to other leading brokers
Kotak Securities is a brand of the leading private bank in India “Kotak Mahindra Bank”. The Trade FREE Plan is an added benefit for the traders and investors who want to open their demat account with a reputed bank along with enjoying lower brokerage charges. Moreover, Kotak Securities stockbroking, being a full-service broker also offers add-ons l...
Kotak trade free plan charges no brokerage for intraday trading, but it charges 0.25% brokerage for delivery trading for the equity and the commodity section.
With our Trade Free Pro plan, enjoy low interest on MTF, 0.1% or Rs. 20 Stock Delivery, and zero brokerage on intraday trades. Elevate your buying power by getting leverage upto 4x on select stocks.
Apr 17, 2021 · Kotak Securities now offers brokerage free intraday trading to their clients under the new Trade Free Brokerage Plan. If you hold a trading account with Kotak Securities, you can now do intraday trading without paying any brokerage fees.
