In the realm of financial strategies, Kotak Securities has rolled out the avant-garde Trade Free Pro plan, tailor-made for traders engaging with the Kotak NEO and Kotak Stock Trader platforms. This all-encompassing subscription blueprint not only encompasses the Pay Later feature but also delves into the intricacies of Margin Trading Facility (MTF) with a yearly interest rate set at 9.75%. Brace yourselves as we unravel the layers of this revolutionary plan, granting traders access to a plethora of over 1000 stocks while potentially quadrupling their buying capacity.
Let’s delve into the Pay Later feature, a cornerstone of the Trade Free Pro plan. This distinctive facet boasts an unbridled holding period, providing traders with unparalleled flexibility. Adding to its allure is the option to leverage shares and Exchange-Traded Funds (ETFs) as collateral, a departure from the conventional use of cash for establishing positions. Dive into the realm of Margin Trading Facility (MTF) research recommendations, an invaluable resource accessible to subscribers of this pioneering plan.
Jaideep Hansraj, the astute MD & CEO of Kotak Securities, shares insights into the genesis of the Trade Free Pro plan. He reflects, “Our journey has been a testament to listening keenly to the needs of our clients. Recognizing the burgeoning demand for the Pay Later facility, we unveiled the Trade Free Pro plan. The allure lies not just in its cutting-edge features but also in the attractive interest rate of 9.75% per annum. This resonates with our commitment to empower traders by providing them with precisely what they seek. Our dedication to constant evolution ensures that Kotak Securities remains the go-to brand for investors and traders in India.”
Ashish Nanda, the sagacious President and Head of Digital Business at Kotak Securities, echoes this sentiment, stating, “At Kotak Securities, the heartbeat of our offerings is the discerning needs of our clients. The introduction of the Trade Free Pro plan directly addresses the surging popularity of margin trading facilities in the industry. By launching this plan with a remarkably low interest rate of 9.75% per annum, we are not only meeting but surpassing our commitment to our clients’ trading aspirations.”
Recognizing the diverse needs of traders, Kotak Securities has crafted a trio of plans on the Kotak NEO Platform – the Trade Free plan, Trade Free Youth plan, and the star of the show, the Trade Free Pro plan.
The Trade Free plan takes center stage with its primary feature – zero brokerage on all intraday trades. Ideal for traders seeking cost-effective options, this plan ushers in a new era of financial efficiency.
For the young and dynamic traders under 30, the Trade Free Youth plan offers a guarantee of zero brokerage across various segments. It’s a game-changer, empowering the next generation of traders with unparalleled cost savings. Trade Free Pro Plan: Empowering Margin Trading Facility Users
At the heart of our discussion is the Trade Free Pro plan, designed explicitly for users engaging with Margin Trading Facility (MTF). Offering a competitive funding option at one of the industry’s lowest interest rates (9.75% per annum), this plan caters to MTF users, ensuring a funding amount of Rs10,000 incurs less than ₹3 per day in interest.
Beyond the financial intricacies, investors and traders subscribing to these plans unlock a treasure trove of additional advantages. These perks include complimentary access to an array of services and features, such as trade APIs, the NEST terminal, equity screeners, payoff analyzers, daily short-term and long-term research recommendations, and a myriad of other invaluable resources.
In conclusion, Kotak Securities has not just introduced plans; they have woven a tapestry of financial solutions tailored to diverse needs. The Trade Free Pro plan stands as a testament to innovation, providing traders with the tools they need to navigate the complexities of the market. As the financial landscape evolves, Kotak Securities remains at the forefront, paving the way for a new era in trading.
