Zerodha
India's largest stockbroker by client base
4.6/ 5
Best for: Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.
Compare Zerodha with others →Broker review
Kotak Securities review
Kotak's Neo plans: flat ₹10 F&O with bank trust
4.1/ 5App: 4.2/5
- Since 1994
- Delivery ₹0 first 30 days, then 0.20%
- AMC ₹0 (BSDA holdings up to ₹4L)
Open an account with Kotak SecuritiesCompare Kotak Securities →SEBI-registered stockbroker | Member: NSE, BSE, MCX
Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test
Fees & pricing4.2
Trading platforms4.3
Customer support4.0
Research & education4.0
Ease of opening4.4
Overview
Kotak Securities' Kotak Neo offering is a mobile-first, flat-priced menu — Trade Free, Youth and Pro plans — with unusually transparent pricing: a 30-day zero window, then ₹10 caps on intraday and F&O.
Best for: Kotak-linked active traders wanting flat ₹10 orders with bank backing.
Pros & cons
What we like
- Clean ₹10 flat intraday/F&O with 0.05% cap protection
- Free account opening plus ₹0 brokerage on API orders
- Pro adds 9.69% MTF for margin traders
Watch out for
- 0.20% delivery (0.10% Pro) costs more than ₹0-delivery rivals
- First-30-days-free framing overstates long-run cost
- DP and AMC schedules need tariff-sheet confirmation
Fees & charges
Account charges
- Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
- ₹0 (free)✓ Verified 14/9/2026
- Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
- ₹0 (BSDA holdings up to ₹4L)✓ Verified 14/9/2026
Equity
- Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
- ₹0 first 30 days, then 0.20%✓ Verified 14/9/2026
- IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
- ₹0 first 30 days, then ₹10 or 0.05%✓ Verified 14/9/2026
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- ₹0 first 30 days, then ₹10 per order✓ Verified 14/9/2026
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- ₹0 first 30 days, then ₹10 per order✓ Verified 14/9/2026
Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.
What you can invest in
- Stocks (delivery)
- ✓ Yes
- Intraday
- ✓ Yes
- Futures & options
- ✓ Yes
- Mutual funds
- ✓ Yes
- IPOUPI-based IPO applications
- ✓ Yes
- US stocks
- —
- Trading APIZero brokerage on API orders
- ✓ Yes
Platforms & features
platforms
- Mobile app✓ · Kotak Neo app (Android + iOS)
- Web platform✓ · kotakneo.com
investing
- IPO investing✓ · UPI-based IPO applications
trading
- Trading API✓ · Zero brokerage on API orders
research
- Research & advisory✓ · Research insights + dealer assist
support
- Customer support✓ · In-app support + dealers
Support & company
Customer support
In-app support + dealers
Company facts
- Founded
- 1994
- Regulation
- SEBI-registered stockbroker | Member: NSE, BSE, MCX
The clearest bank-broker price menu: great for traders, mediocre for delivery investors.
How to open a Kotak Securities account
Start your application
Open the Kotak Securities signup with your mobile number and email — it takes about 10 minutes.
Complete e-KYC
Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).
E-sign documents
Digitally sign the account-opening form and nomination details via Aadhaar e-sign.
Get your client ID
Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.
Alternatives to Kotak Securities
Groww
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4.5/ 5
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Upstox
Low-cost broker with fast trading tools
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Best for: Mobile-first traders and developers who use trading APIs.
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.