Expressnews
Chennai, January 23, 2024
Kotak Securities launches Trade Free Pro plan for traders on its Kotak NEO and Kotak Stock Trader platforms. This feature-packed subscription-based plan offers Pay Later, also called Margin Trading Facility (MTF), at 9.75% pa. Users can trade 1000+ stocks and enhance their buying power to up to 4x.
Other highlights of the Pay Later feature are an unlimited holding period, the ability to use one’s shares and ETFs as collateral instead of cash to create positions and get MTF research recommendations.
Jaideep Hansraj, MD & CEO, Kotak Securities, said, “Listening to our clients’ needs has been pivotal in shaping our journey. Understanding the increasing demand for the Pay Later facility propelled us to introduce the Trade Free Pro plan. We are excited to offer the plan at an affordable interest rate of 9.75% per annum, aligning with our commitment to empower traders with what they seek. We are dedicated to continuously evolving our offerings to ensure that we remain the go-to brand for investors and traders in India.”
Ashish Nanda, President and Head – Digital Business, Kotak Securities, said, “Our clients’ needs are at the heart of our offerings at Kotak Securities. The introduction of the Trade Free Pro plan responds directly to the growing popularity of margin trading facility in the industry. With the launch of this plan at a low-interest rate of 9.75% per annum, we are fulfilling our commitment to our clients’ trading aspirations.”
Kotak Securities continuously innovates to offer unique plans to meet the unique trading requirements of its customers. The company understands that not every user can benefit from one plan and therefore offers the Trade Free Plan, Trade Free Youth Plan and Trade Free Pro Plan for its customers trading on the Kotak Neo Platform. Trade Free Plan was launched for traders with the key proposition of zero brokerage on all intraday trades, Trade Free Youth plan for those under 30 guaranteed zero brokerage across segments, and now Trade Free Pro is specifically for MTF users who would benefit from such competitive funding, which is one the lowest interest rates in the industry. For a funding of Rs.10,000 the interest comes to less than Rs. 3 per day (9.75% per annum).
Investors and traders further benefit from the free access to multiple services and features like trade APIs, NEST terminal, equity screeners, payoff analyser, daily short-term and long-term research recommendations and more.
Trade Free Pro is designed to empower investors and traders with its competitive pay-later interest rate and features with the added advantage of discount broking pricing. One can simply open a Trade Free Pro account with Kotak Securities at https://www.
