Broker comparison
Zerodha vs Kotak Neo (Kotak Securities) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Zerodha and Kotak Neo (Kotak Securities) from published official pricing and features — no affiliation with either broker.
| Metric | Zerodha | Kotak Neo (Kotak Securities) |
|---|---|---|
| Delivery brokerage | ₹0 (free) | Plan-based - see official pricing (Trade Free plans) |
| Intraday brokerage | ₹20 or 0.03% 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, options) | Plan-based - see official pricing |
| AMC | ₹300 per year | See official pricing page |
| Account opening | ₹200 (online) | Free (online) |
| Trading API | Kite Connect — See official Kite Connect pricing page | Kotak Neo Trade API — See official API page |
| Reported execution speed | ≈ 80 ms (median) | ≈ 80 ms (median) |
| Algo support | Yes - via Kite Connect API | Yes - via Neo Trade API |
| Platforms | Kite (web), Kite (mobile), Console, Coin | Kotak Neo app, Kotak Neo web, NEST terminal |
| Best for (published) | Self-directed investors and traders who want low, predictable costs and a stable platform. | 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
Zerodha publishes free equity delivery; Kotak Neo (Kotak Securities) does not (per official pricing at review). Both publish execution-speed figures (Zerodha: ≈ 80 ms (median); Kotak Neo (Kotak Securities): ≈ 80 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Zerodha full profile
- Kotak Neo (Kotak Securities) full profile
- Zerodha brokerage calculator
- Kotak Neo (Kotak Securities) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Zerodha vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?
At our last review, Zerodha published delivery brokerage as "₹0 (free)" 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 Zerodha or Kotak Neo (Kotak Securities) have a trading API?
Both have documented APIs at review time: Zerodha (Kite Connect), Kotak Neo (Kotak Securities) (Kotak Neo Trade API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Zerodha or Kotak Neo (Kotak Securities)?
Zerodha publishes ≈ 80 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
- Zerodha - official website - https://zerodha.com
- Zerodha - official pricing - https://zerodha.com/charges/
- Kotak Neo (Kotak Securities) - official website - https://www.kotaksecurities.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotaksecurities.com/pricing/