Broker comparison
Upstox vs Kotak Neo (Kotak Securities) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Upstox and Kotak Neo (Kotak Securities) from published official pricing and features — no affiliation with either broker.
| Metric | Upstox | Kotak Neo (Kotak Securities) |
|---|---|---|
| Delivery brokerage | ₹20 or 2.5% per order (whichever is lower) | Plan-based - see official pricing (Trade Free plans) |
| Intraday brokerage | ₹20 or 0.05% per order (whichever is lower) | ₹20 per order or lower on current Trade Free plans - see official pricing |
| F&O brokerage | ₹20 per order (flat) | Plan-based - see official pricing |
| AMC | ₹0 first year, then ₹300 + GST per year | See official pricing page |
| Account opening | Free (online) | Free (online) |
| Trading API | Upstox API — Free (per official developer page) | Kotak Neo Trade API — See official API page |
| Reported execution speed | ≈ 135 ms (median) | ≈ 80 ms (median) |
| Algo support | Yes - via Upstox API | Yes - via Neo Trade API |
| Platforms | Upstox app, Upstox web (Pro) | Kotak Neo app, Kotak Neo web, NEST terminal |
| Best for (published) | Intraday and options traders who prioritise app speed and a free API. | Kotak Bank customers wanting integrated broking with research. |
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
Both publish execution-speed figures (Upstox: ≈ 135 ms (median); Kotak Neo (Kotak Securities): ≈ 80 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Upstox full profile
- Kotak Neo (Kotak Securities) full profile
- Upstox brokerage calculator
- Kotak Neo (Kotak Securities) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Upstox vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?
At our last review, Upstox published delivery brokerage as "₹20 or 2.5% per order (whichever is lower)" and Kotak Neo (Kotak Securities) as "Plan-based - see official pricing (Trade Free plans)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Upstox or Kotak Neo (Kotak Securities) have a trading API?
Both have documented APIs at review time: Upstox (Upstox API), Kotak Neo (Kotak Securities) (Kotak Neo Trade API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Upstox or Kotak Neo (Kotak Securities)?
Upstox publishes ≈ 135 ms (median); Kotak Neo (Kotak Securities) publishes ≈ 80 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
- Upstox - official website - https://upstox.com
- Upstox - official pricing - https://upstox.com/brokerage-charges/
- Kotak Neo (Kotak Securities) - official website - https://www.kotaksecurities.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotaksecurities.com/pricing/