Independent comparison. No broker affiliation, sponsorship or referral fees. Rankings are computed only from published, verifiable data.

Broker comparison

Kotak Neo (Kotak Securities) vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared

Side-by-side comparison of Kotak Neo (Kotak Securities) and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 9 July 2026 · Independent

Kotak Neo (Kotak Securities) vs Shoonya (Finvasia) — published pricing and features (official sources at last review)
Metric Kotak Neo (Kotak Securities) Shoonya (Finvasia)
Delivery brokerage Plan-based - see official pricing (Trade Free plans) ₹0 (zero brokerage, per official site)
Intraday brokerage ₹20 per order or lower on current Trade Free plans - see official pricing ₹0 (zero brokerage, per official site)
F&O brokerage Plan-based - see official pricing ₹0 (zero brokerage, per official site)
AMC See official pricing page ₹0
Account opening Free (online) Free (online)
Trading API Kotak Neo Trade API — See official API page Shoonya API — Free (per official page)
Reported execution speed ≈ 80 ms (median) ≈ 140 ms (median)
Algo support Yes - via Neo Trade API Yes - free API
Platforms Kotak Neo app, Kotak Neo web, NEST terminal Shoonya app, Shoonya web, Shoonya desktop
Best for (published) Kotak Bank customers wanting integrated broking with research. High-frequency, cost-obsessed traders who accept a smaller platform.

Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.

What the published data shows

Shoonya (Finvasia) publishes free equity delivery; Kotak Neo (Kotak Securities) does not (per official pricing at review). Both publish execution-speed figures (Kotak Neo (Kotak Securities): ≈ 80 ms (median); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Kotak Neo (Kotak Securities) vs Shoonya (Finvasia): which has lower delivery brokerage?

At our last review, Kotak Neo (Kotak Securities) published delivery brokerage as "Plan-based - see official pricing (Trade Free plans)" and Shoonya (Finvasia) as "₹0 (zero brokerage, per official site)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Kotak Neo (Kotak Securities) or Shoonya (Finvasia) have a trading API?

Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Kotak Neo (Kotak Securities) or Shoonya (Finvasia)?

Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median); Shoonya (Finvasia) publishes ≈ 140 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Are these comparisons independent?

Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.

Sources

  1. Kotak Neo (Kotak Securities) - official website - https://www.kotaksecurities.com
  2. Kotak Neo (Kotak Securities) - official pricing - https://www.kotaksecurities.com/pricing/
  3. Shoonya (Finvasia) - official website - https://shoonya.com
  4. Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing