I have just opened the account with kotak and I can assure that they are no where near to provide a flat brokerage.
My account was opened on 27 August and they charged the flat rate of 499 for both August and Septmeber on 1 September.
Also buying share throgh there site is very difficult and they provode some concept of margin even when u have taken the delivery of share which is also very difficult to understand.
Also the User interface is really difficult to understand.
I was trading with ICICI before this and I think I will have to go back to that only again and there is no comparision between the two even though the brokerage is higher on ICICI side but now as they have slashed the brokerage in F&O and margin trading it is okay.
So please before opening the account make sure to discuss all these point and for someone who has done the trading in ICICI it is not easy to understand the kotak way of trading.
I have decided to cancel my account after my this month subscription gets over.
Hope this help other who are thinking of opening new account with them.
My account was opened on 27 August and they charged the flat rate of 499 for both August and Septmeber on 1 September.
Also buying share throgh there site is very difficult and they provode some concept of margin even when u have taken the delivery of share which is also very difficult to understand.
Also the User interface is really difficult to understand.
I was trading with ICICI before this and I think I will have to go back to that only again and there is no comparision between the two even though the brokerage is higher on ICICI side but now as they have slashed the brokerage in F&O and margin trading it is okay.
So please before opening the account make sure to discuss all these point and for someone who has done the trading in ICICI it is not easy to understand the kotak way of trading.
I have decided to cancel my account after my this month subscription gets over.
Hope this help other who are thinking of opening new account with them.