Kotak Securities launches Trade Free Pro plan for equity traders with ‘Pay Later’ at 9.75%; check features here
Kotak Securities introduced the Trade Free Pro plan designed for traders using its Kotak NEO and Kotak Stock Trader platforms. This comprehensive subscription plan includes the Pay Later feature, also known as Margin Trading Facility (MTF), with an annual interest rate of 9.75%.
Traders can access over 1000 stocks and potentially increase their buying capacity by up to four times. Additional notable aspects of the Pay Later feature include an unrestricted holding period, the option to utilise shares and ETFs as collateral instead of cash for establishing positions, and access to Margin Trading Facility (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 facilities 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." Recognising that a one-size-fits-all approach may not be suitable for every user, the company has unveiled the Trade Free plan, Trade Free Youth plan,
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