The side-by-side comparison of Kotak Neo and Firstock NRI Account. Compare Kotak Neo Vs Firstock NRI Account brokerage charges, exposure margin, demat account and AMC. Read Firstock and Kotak Neo NRI Account reviews.
Find out Kotak Neo Vs Firstock which is better NRI Trading Account. See Kotak Neo Vs Firstock which is best NRI Demat Account.
Our Kotak Neo comparison with Firstock Broking Private Limited highlights the major differences between two brokers. Find the best between Kotak Neo and Firstock NRI Account.
| Kotak Neo | Firstock | |
|---|---|---|
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| About the Broker | Kotak Neo is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak Neo NRI account (NRI 3-in-1 account) combine... | Firstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati... |
| Account Type | NRI Account | Equity (PIS) |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Special Offer: Free Equity Delivery| Flat ₹20 brokerage on Intraday & F&O| ₹0 Account Opening & AMC| Zero cost Direct Mutual Funds Investment. |
| Kotak Neo | Firstock | |
|---|---|---|
| NRI Account Opening Fees | ₹3750 | |
| NRI Account AMC | ₹0 | |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 600 | Rs 0 (Free) |
| PIS Account AMC | ₹1000 | |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open Kotak Neo Account | Open Firstock Account |
| Account Type | Kotak Neo NRI Account | Firstock Equity (PIS) |
|---|---|---|
| Equity Delivery | 1.00% | 0.5% or Rs 200 per order, whichever is lower |
| Equity Futures | 1.00% | Rs 100 per executed order |
| Equity Options | 1.00% | Rs 100 per executed order |
| Open Kotak Neo Account | Open Firstock Account |
| Contract Note Reporting Charges | ₹0 | |
| Other Brokerage Charges | Average Quarterly Balance: ₹10000 | Equity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower |
| TDS Charges on Long Term Gain (Holding > 365 Days) | 11.96% | 11.96% |
| TDS Charges on Short Term Gain (Holding <= 365 Days) | 17.94% | 17.94% |
| Kotak Neo | Firstock | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. |
| Kotak Neo Margin | Firstock Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage. | ||
| Kotak Neo | Firstock | |
|---|---|---|
| 3-in-1 Account |  |  |
| Automated Trading | | |
| Free Research And Tips | | |
| Other Features | ||
| Open Kotak Neo Account | Open Firstock Account |
| Kotak Neo Review | Firstock Review | |
|---|---|---|
202 Customer Reviews  | 1 Customer Reviews | |
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| Overall Rating | | |
| Broker Rating | Kotak Neo is Rated 2.4 / 5 based on 202 customer reviews | Firstock is Rated 3.0 / 5 based on 1 customer reviews |
| Open Kotak Neo Account | Open Firstock Account |
| Kotak Neo Enquire | Kotak Neo Enquire | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | Free Equity Delivery| Flat ₹20 brokerage on Intraday & F&O| ₹0 Account Opening & AMC| Zero cost Direct Mutual Funds Investment. |
| Kotak Neo | Firstock | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options |
| Kotak Neo | Firstock | |
|---|---|---|
| Customer Care Number | 022 6689 6000, 022 6652 9191 | |
| Customer Care Email | nricustomerservice@kotak.com | |
| Open Kotak Neo Account | Open Firstock Account |
| Kotak Neo | Firstock | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Kotak Neo | Firstock | |
|---|---|---|
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Conclusion | Kotak Neo is a full-service broker. It offers convenient stock trading and investment to NRIs through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Neo brokerage charges are on the higher side. Kotak Neo has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally. | |
| Promo / Offers | Kotak NeoSpecial OfferKotak Neo Trade Free Plan Open a 3-in-1 account and get:
Interested in opening a trading account? Open Instant Account Now | FirstockSpecial OfferFirstock — Smart & Affordable Trading Solution
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| Open Kotak Neo Account | Open Firstock Account |
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