FxPro's websiteKotak Securities in India — review, licence and costs
Score (3 of 6 axes scored)
shown, not ranked: only 40% of the weight has data, need 55%
- Safety20%100
- Track record10%no data
- Platforms10%0
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Kotak Securities Ltd
- Founded
- 1994
- Currencies
- INR.
- Swap-free account
- no
Licence check
The broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Kotak Securities Ltd
- Local standing
- SEBI-regulated domestic full-service/discount broker (bank-backed).
- Licence as the register states it
- SEBI-registered stock broker, Portfolio Manager and Research Analyst; NSE/BSE/MCX/NCDEX member; CDSL/NSDL DP. Exact reg no not verified at review.
- Leverage for this entity
- Intraday per SEBI peak-margin rules; MTF on delivery. Exact multiples not verified at review.
- The firm behind it
- Kotak Securities est. 1994; broking arm of Kotak Mahindra Bank; rebranded app to Kotak Neo.
- What we hold against it
- Large bank-backed broker; fee structure revised Nov 2024 (intraday now charged). No major SEBI action verified.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday per SEBI peak-margin rules; MTF on delivery. Exact multiples not verified at review.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic full-service/discount broker (bank-backed).
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, Trade Free Plan, Trade Free Max, Trade Free Youth, Advantage/dealer-assisted plans. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Kotak Securities sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking (Kotak and other banks).
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- Kotak Neo app
- Kotak Neo web
- KEAT ProX terminal
- Fastlane
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 04.10.2026 | 3.9 | 22 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the India regulator in its own register
- Safety 100 of 100, its strongest of 3 scored axes
- 4 platforms: Kotak Neo app, Kotak Neo web, KEAT ProX terminal, Fastlane
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 0 of 100, its weakest of 3 scored axes
- Not scored on reviews, round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 10IN
- Min deposit, USD
- 100 groupIN
- Rank in this country
- #21
- Round turn, USD
- 9IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #44
- Round turn, USD
- 6IN
- Rank in this country
- #49
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Kotak Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 0 |
FAQ
- Does Kotak Securities accept residents of India?
- Yes. SEBI-regulated domestic full-service/discount broker (bank-backed). Onboarding entity: Kotak Securities Ltd
- Is Kotak Securities licensed to serve clients in India?
- SEBI-registered stock broker, Portfolio Manager and Research Analyst; NSE/BSE/MCX/NCDEX member; CDSL/NSDL DP. Exact reg no not verified at review. Checked on 09.07.2026.
- Which trading platforms does Kotak Securities support?
- Kotak Neo app, Kotak Neo web, KEAT ProX terminal, Fastlane. Instruments: Equity delivery/intraday, F&O, currency, commodity, mutual funds, IPO, bonds.
- How can I withdraw money from Kotak Securities in India?
- UPI, net-banking (Kotak and other banks).
- What account types does Kotak Securities offer?
- Demat+Trading; Trade Free Plan, Trade Free Max, Trade Free Youth, Advantage/dealer-assisted plans.
- Does Kotak Securities offer a swap-free (Islamic) account?
- No. Kotak Securities publishes no swap-free (Islamic) account for India.