Here is a point by point comparison of Kotak Securities Vs Upstox. Kotak Securities was founded in 1994 as a subsidiary of Kotak Mahindra Bank and today it has a customer base of 11.95 lakh customers. It has presence across 359 cities in India with 1200+ branches. RKSV (or Upstox) is a discount broker launched by 3 co-founders in 2012. Today, RKSV does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
Everything about discount brokers such as Upstox is Online, be it – customer service, trading, account opening etc. Full service brokers such as Kotak Securities, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Kotak Securities and Upstox to help you find which of the two suits your needs better. The comparison is made on various aspects such as:
Account Opening Charges
Exposure or Leverages
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Kotak Securities or Upstox for the benefits of other readers. Please feel free to share in the comments below.
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