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 Prostocks
ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited Equity and Derivatives Trading at Rs 899 per month or unlimited Currency Derivatives for Rs 499 per month. They are the cheapest broker in unlimited t...
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 2016, Prostocks is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.
| Kotak Neo | Prostocks | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE |
| Year of Incorporation | 1994 | 2016 |
| Number of Branches | 153 | 1 |
| Open Kotak Neo Account | Open Prostocks Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while Prostocks account opening changes is Rs 0 (Free). Kotak Neo Demat Account AMC Charges is Rs 600 and Prostocks Demat Account AMC Charges is Rs 0 (Lifetime Zero AMC).
| Kotak Neo | Prostocks | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 0 (Lifetime Zero AMC) |
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 Prostocks brokerage charges for equity is Rs 0 (Free) and Intraday is Rs 15 per executed order.
| Account Type | Kotak Neo Trade Free Plan | Prostocks Flat Rate Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% (free for the first 30 days) | Rs 0 (Free) |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 15 per executed order |
| Equity Futures | Rs 10 per order | Rs 15 per executed order |
| Equity Options | Rs 10 per order | Rs 15 per executed order |
| Currency Futures | Rs 10 per order | Rs 15 per executed order |
| Currency Options | Rs 10 per order | Rs 15 per executed order |
| Commodity Futures | Rs 10 per order | NA |
| Commodity Options | Rs 10 per order | NA |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Special Offer: ₹0 Equity Delivery Brokerage| Flat ₹15/Order (Intraday & F&O)| Unlimited Monthly Trading at ₹899/month (Equity & F&O), ₹499/month (Currency) |
| Kotak Neo | Prostocks | |
|---|---|---|
| Account Type | Trade Free Youth | Unlimited Equity Trading Plan |
| Fixed Charges | Rs 899 | |
| Equity Delivery | Rs 0 | Rs 0 |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 0 |
| Equity Futures | Rs 10 per order | Rs 0 |
| Equity Options | Rs 10 per order | Rs 0 |
| Currency Futures | Rs 10 per order | NA |
| Currency Options | Rs 10 per order | NA |
| Commodity Futures | Rs 10 per order | NA |
| Commodity Options | Rs 10 per order | NA |
| Open Kotak Neo Account | Open Prostocks Account |
| Kotak Neo | Prostocks | |
|---|---|---|
| Account Type | Trade Free Pro | Unlimited Currency Trading Plan |
| Fixed Charges | Rs 249 | Rs 499 |
| Equity Delivery | 0.10% (free for the first 30 days) | NA |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | NA |
| Equity Futures | Rs 10 per order | NA |
| Equity Options | Rs 10 per order | NA |
| Currency Futures | Rs 10 per order | Rs 0 |
| Currency Options | Rs 10 per order | Rs 0 |
| Commodity Futures | Rs 10 per order | NA |
| Commodity Options | Rs 10 per order | NA |
| Open Kotak Neo Account | Open Prostocks Account |
| Minimum Brokerage | Rs 0 | |
| Other Charges | ||
| Call & Trade Charges | Rs 49 + GST per executed order | Rs 0 (Free) |
| Open Kotak Neo Account | Open Prostocks Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Prostocks margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | Prostocks | |
|---|---|---|
| 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 Prostocks Account |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. Prostocks offers ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API trading software.
| Kotak Neo | Prostocks | |
|---|---|---|
| 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 | ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API |
| Intraday Square-off Time | 3:20 P.M | Equity 3:15 PM | Curr: 4:45 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | |
| Open Kotak Neo Account | Open Prostocks Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas Prostocks is rated of 5 based on 43 customer reviews.
| Kotak Neo | Prostocks | |
|---|---|---|
202 Customer Reviews  | 43 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 | Prostocks is Rated 3.3 / 5 based on 43 customer reviews |
| Kotak Neo | Prostocks | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | ₹0 Equity Delivery Brokerage| Flat ₹15/Order (Intraday & F&O)| Unlimited Monthly Trading at ₹899/month (Equity & F&O), ₹499/month (Currency) |
| Kotak Neo | Prostocks | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | Prostocks | |
|---|---|---|
| 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 Prostocks Account |
| Kotak Neo | Prostocks | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | Prostocks | |
|---|---|---|
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| Reviews | ProStocks is among the most popular stock broker in India for unlimited monthly trading plans. ProStocks offer unlimited trading of Rs 899 per month in the Equity segment (delivery, intraday, and F&O segments). For frequent traders, this is the lowest cost broker in the market. ProStocks offer an excellent online trading platform. It includes the mobile app, website, and installable trading terminal. Their customer service is much better than top stock brokers like Zerodha, Upstox, and Groww. You could always reach out to ProStocks on the phone in just a few seconds. | |
| 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 | Prostocks Special OfferTrade More. Pay Less with ProStocks
This is a limited-time offer. Open FREE Instant Demat Account and start trading today. |
| Open Kotak Neo Account | Open Prostocks Account |
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