About Kotak Neo
Incorporated in 1994, Kotak Neo is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides d... 
About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. FYERS word is an acronym for 'Focus Your Energy & Reform the Self', representing the core values of the company.
The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and ...
Incorporated in 1994, Kotak Neo is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.
| Kotak Neo | Fyers | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 1994 | 2015 |
| Number of Branches | 153 | 2 |
| Open Kotak Neo Account | Open Fyers Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Kotak Neo Demat Account AMC Charges is Rs 600 and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).
| Kotak Neo | Fyers | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free AMC for Lifetime) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 0 (Free AMC for Lifetime) |
Kotak Neo Brokerage Charges for equity is 0.20% (free for the first 30 days) and intraday is Rs 10 per order or 0.05%, whichever is lower whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and Intraday is 0.03% or Rs 20, whichever is lower.
| Account Type | Kotak Neo Trade Free Plan | Fyers Flat Fee Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% (free for the first 30 days) | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.03% or Rs 20, whichever is lower |
| Equity Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| 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 | |
|---|---|---|
| Account Type | Trade Free Youth | Flat Fee Brokerage Plan |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.03% or Rs 20, whichever is lower |
| Equity Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Open Kotak Neo Account | Open Fyers Account |
| Kotak Neo | Fyers | |
|---|---|---|
| Account Type | Trade Free Pro | Flat Fee Brokerage Plan |
| Fixed Charges | Rs 249 | NA |
| Equity Delivery | 0.10% (free for the first 30 days) | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | 0.03% or Rs 20, whichever is lower |
| Equity Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Open Kotak Neo Account | Open Fyers Account |
| Minimum Brokerage | Intra-day: 0.03% or Rs 20, whichever is lower | |
| Other Charges | Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) | |
| Call & Trade Charges | Rs 49 + GST per executed order | Rs 50 per trade |
| Open Kotak Neo Account | Open Fyers Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | Fyers | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Kotak Neo Account | Open Fyers Account |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.
| Kotak Neo | Fyers | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal | Fyers App, Fyers Web, Fyers Next |
| Intraday Square-off Time | 3:20 P.M | 3:15 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program |  | |
| Other Features | 3-in-1 account | API Trading, Algo Trading and Insta Options is available, which is designed for options traders. |
| Open Kotak Neo Account | Open Fyers Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas Fyers is rated of 5 based on 39 customer reviews.
| Kotak Neo | Fyers | |
|---|---|---|
202 Customer Reviews  | 39 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  | |
| Customer Service |  |  |
| Research Capabilities |  | |
| 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 |
| Kotak Neo | Fyers | |
|---|---|---|
| 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 | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | Fyers | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Kotak Neo Account | Open Fyers Account |
| Kotak Neo | Fyers | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | Fyers | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | ||
| Promo / Offers | Kotak Neo Special OfferKotak Neo Trade Free Plan Open a 3-in-1 account and get:
Interested in opening a trading account? Open Instant Account Now | Fyers Special 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 |
Expand all
Open Kotak Neo Account