The side-by-side comparison of Kotak Neo and Fyers NRI Account. Compare Kotak Neo Vs Fyers NRI Account brokerage charges, exposure margin, demat account and AMC. Read Fyers and Kotak Neo NRI Account reviews.
Find out Kotak Neo Vs Fyers which is better NRI Trading Account. See Kotak Neo Vs Fyers which is best NRI Demat Account.
Our Kotak Neo comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between Kotak Neo and Fyers NRI Account.
| Kotak Neo | Fyers | |
|---|---|---|
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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... | Fyers is an online stock broker in India. Fyers offers regulated stock broking platforms that operate under SEBI and Stock Exchanges regulations and guidelines.
It offers a 2-in-1 account combining trading and demat accounts with trading in Equity d... |
| Account Type | NRI Account | NRI Account |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Special Offer: ₹0 account opening and ₹0 Demat AMC| Trade at ₹20/order across segments| ₹0 brokerage on Direct Mutual Funds Investments |
| Kotak Neo | Fyers | |
|---|---|---|
| NRI Account Opening Fees | ₹3750 | Free |
| NRI Account AMC | ₹0 | Free |
| NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 0 (Free) |
| NRI Demat Account AMC | Rs 600 | Rs 0 (Free AMC for Lifetime) |
| PIS Account AMC | ₹1000 | NA |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open Kotak Neo Account | Open Fyers Account |
| Account Type | Kotak Neo NRI Account | Fyers NRI Account |
|---|---|---|
| Equity Delivery | 1.00% | ₹50 and 0.5% for other services |
| Equity Futures | 1.00% | ₹50 per traded order |
| Equity Options | 1.00% | ₹50 per traded order |
| Open Kotak Neo Account | Open Fyers Account |
| Contract Note Reporting Charges | ₹0 | NA |
| Other Brokerage Charges | Average Quarterly Balance: ₹10000 | |
| 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 | Fyers | |
|---|---|---|
| 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 | Fyers 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 | Fyers | |
|---|---|---|
| 3-in-1 Account |  |  |
| Automated Trading | | |
| Free Research And Tips | | |
| Other Features | ||
| Open Kotak Neo Account | Open Fyers Account |
| Kotak Neo Review | Fyers Review | |
|---|---|---|
202 Customer Reviews  | 39 Customer Reviews | |
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| Overall Rating | |  |
| Broker Rating | Kotak Neo is Rated 2.4 / 5 based on 202 customer reviews | Fyers is Rated 2.9 / 5 based on 39 customer reviews |
| Open Kotak Neo Account | Open Fyers Account |
| Kotak Neo Enquire | Kotak Neo Enquire | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | ₹0 account opening and ₹0 Demat AMC| Trade at ₹20/order across segments| ₹0 brokerage on Direct Mutual Funds Investments |
| Kotak Neo | Fyers | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options |
| Kotak Neo | Fyers | |
|---|---|---|
| Customer Care Number | 022 6689 6000, 022 6652 9191 | 080-45699999 |
| Customer Care Email | nricustomerservice@kotak.com | support@fyers.in |
| Open Kotak Neo Account | Open Fyers Account |
| Kotak Neo | Fyers | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Kotak Neo | Fyers | |
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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. | Fyers is a good option for NRIs who want to invest in the stock market and mutual funds in India. It has a Zero account opening and AMC charges. It offers a convenient way to invest with low brokerage charges. Fyers NRI account opening contact number - 080-45699999 and Fyers NRI account opening email ID - support@fyers.in. |
| 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 | FyersSpecial OfferFYERS Trade Smart. Pay Less
This is a limited-time offer. Open FREE Fyers Trading Account online and start trading today. |
| Open Kotak Neo Account | Open Fyers Account |
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