[Resolved] Kotak Securities — Cheating by charging minimum brokerage per trade

shamsatish

from Bengaluru, Karnataka

Nov 24, 2016

Address: Mysore, Karnataka, 570009

I am very old customer of Kotak Securities right from the day when it opened branch in our city. Since I was making investment in small lots. I found their account suitable and I was being charged with flat brokerage. Now I am being humiliated by the company by suddenly changing brokerage as minimum brokerage per trade at Rs 21/- irrespective of quantum. I was made to invest in small lots and my 90% of holdings are small lots only. Now after 12 years they have suddenly started charging minimum brokerage and not even given sufficient time to liquidate small holdings. This is nothing but cheating and unfair trade practice. They are also not furnishing details sought by me

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Dec 26, 2016

Complaint marked as Resolved

Kotak Securities customer support has been notified about the posted complaint.

Verified Support

Nov 25, 2016

Kotak Securities Customer Care's response Concern: Kotak Securities — Cheating by charging minimum brokerage per trade

We request you to kindly send an email to ks.[protected]@kotak.com, in order to assist with your referred concern.

Regards,
Team Kotak Securities

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Comments

abhineet1998

from Muzaffarpur, Bihar

Dec 1, 2016

why are you not trying cheap broker.. i am trading with a broker they never charge anything except Rs 9/trade brokrage. There is no any hidden charges. I[censored] like to trade with broker then text me i will give you detail about this broker and service. it is better to trade with cheap broker bcz a lot of profit paid by a trader as brokrage. Trade online with yyour convenience, they never trade without consent. Simply save and trade as well. Mail me contact detail ([protected]@gmail.com) if any problem. Good thing is that for limited time ac opening is free also.. ac will be activated within 48 hrs after reciving the form.