Kotak Securities launches Trade Free Pro Plan for equity traders with pay later plan at 9.75 pa interest

Kotak Securities' platform offers free access to services like trade APIs, NEST Terminal, equity screeners, payoff analyser, daily short term and long term research recommendations.

Kotak Securities launched a Trade Free Pro plan for its traders using the Kotak Neo and Kotak Stock Trader platforms. The plan is offered on a subscription basis and offers a Pay Later option also known as Margin Trading Facility (MTF) at 9.75 percent per annum.

The pay later feature also provides an unlimited holding period, the ability for users to use their shares and ETFs as collateral instead of cash for their positions and get MTF research recommendations.

Kotak’s Neo platform also offers Trade Free plan, Trade Free Youth plan apart from the Trade Free Pro plan. The Trade Free plan offers traders zero brokerage for all intraday trades. Trade Free Youth plan offers zero brokerage across segments for traders under 30 years of age.

In the Trade Free pro plan, the interest for Rs 10,000 comes to less than Rs 3 per day as per the 9.75 percent per annum plan. The platform also offers free access to services like trade APIs, NEST Terminal, equity screeners, payoff analyser, daily short-term and long-term research recommendations.

Jaideep Hansraj, MD and CEO for Kotak Securities said, “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 percent per annum, aligning with our commitment to empower traders with what they seek.”