Kotak Security 999rs/year Unlimited Intraday Trading

superman

Well-Known Member
#1
Hello TJ members,

Kotak Security recently launched a "Free Intraday Brokerage" plan. We need to pay 999rs per year and we wont be charged for intraday cash and equity derivatives ! So far it looks a good deal,

https://www.kotaksecurities.com/landing-page/freeintradaytrading/index.html

But there are many questions in my mind . I sent them a mail asking for below clarifications but got a template answer :(

Hope someone who has activated this plan or already have account with Kotak Security can answer these :

a) Do I need to have account in Kotak to open an account. Can we link other bank accounts ?
b) What about the MIS auto square off orders , When it will be squared off and will there be any costs to it ?
c) Do you provide pledging / margin facility and any charges for that ?
d) Can I link existing demat or new demat has to be opened with kotak ?
e) Is desktop and mobile software free of cost for FIT users ?
f) What about the fund pay-in and pay-out , any costs for that ?
g) Can we pledge Liquid / Arbitrage mutual funds and get margin ?
h) what are the typical margins required for NIFTY and BANKNIFTY for intraday short option or futures ?
i) Do you support Bracket order (BO) and Cover Order (CO) in your platform ?

Here is the attached FAQ i got from customer care. Still many questions unanswered ,, Guess need to call them up but I doubt if customer care executives know the answer for all
 

Attachments

Last edited:

maneverfix

Well-Known Member
#4
This super multiple order things looks fishy, what is definition of super multiple order? aside to that Options at Rs.100/- are too costly Screen Shot 2018-05-11 at 9.12.27 PM.png
Screen Shot 2018-05-11 at 9.12.27 PM.png
 

headstrong007

----- Full-Time ----- Day-Trader
#8
There is no brokerage calculator, which usually means a lot of hidden charge in the name of transaction charge or clearing member charge. Beware of them unless there is clear charge list mentioned like discount brokers.
 
#9
There is no brokerage calculator, which usually means a lot of hidden charge in the name of transaction charge or clearing member charge. Beware of them unless there is clear charge list mentioned like discount brokers.
yes absolutely.... u can see wealth calculator, retirement, and what not....... but not able to find brokerage/ margin calculators......
 

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?