Yes bhai, we are all aware of Finvasia, but it is hard to trust such new companies with your margin money, but for Kotak, we donot need to have same level of worries, that's why I am interested to see such an offer from Kotak Group.
I have read their page, they have mentioned that "FIT is only applicable for self-generated orders i.e. where the buy and sell leg orders are placed on the Kotak Securities platform by the customer directly. So it is for discretionary traders only and cannot be used by Algo Traders by using some API etc.
If someone has any practical experience with Kotak Securities, then please let us know.
Thanks and Regards