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 SBI Securities
SBI Securities Ltd is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SBI Securities is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
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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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.
| Kotak Neo | SBI Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE |
| Year of Incorporation | 1994 | 2001 |
| Number of Branches | 153 | 117 |
| Open Kotak Neo Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 0. Kotak Neo Demat Account AMC Charges is Rs 600 and SBI Securities Demat Account AMC Charges is Rs 0.
| Kotak Neo | SBI Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 600 | Rs 0 |
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 SBI Securities brokerage charges for equity is 0.50% and Intraday is Rs 20 per order.
| Account Type | Kotak Neo Trade Free Plan | SBI Securities Suvidha |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.20% (free for the first 30 days) | 0.50% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per order |
| Equity Futures | Rs 10 per order | 0.05% |
| Equity Options | Rs 10 per order | Rs 50 per lot (sell and buy side) |
| Currency Futures | Rs 10 per order | Rs 20 per lot |
| Currency Options | Rs 10 per order | Rs 20 per lot |
| Commodity Futures | Rs 10 per order | 0.05% |
| Commodity Options | Rs 10 per order | Rs 50 (sell and buy side) |
| Special Offer | Special Offer: Trade smarter with Kotak Neo low-cost plans. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Kotak Neo | SBI Securities | |
|---|---|---|
| Account Type | Trade Free Youth | Suvidha |
| Fixed Charges | ||
| Equity Delivery | Rs 0 | 0.50% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per order |
| Equity Futures | Rs 10 per order | 0.05% |
| Equity Options | Rs 10 per order | Rs 50 per lot (sell and buy side) |
| Currency Futures | Rs 10 per order | Rs 20 per lot |
| Currency Options | Rs 10 per order | Rs 20 per lot |
| Commodity Futures | Rs 10 per order | 0.05% |
| Commodity Options | Rs 10 per order | Rs 50 (sell and buy side) |
| Open Kotak Neo Account |
| Kotak Neo | SBI Securities | |
|---|---|---|
| Account Type | Trade Free Pro | Suvidha |
| Fixed Charges | Rs 249 | |
| Equity Delivery | 0.10% (free for the first 30 days) | 0.50% |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per order |
| Equity Futures | Rs 10 per order | 0.05% |
| Equity Options | Rs 10 per order | Rs 50 per lot (sell and buy side) |
| Currency Futures | Rs 10 per order | Rs 20 per lot |
| Currency Options | Rs 10 per order | Rs 20 per lot |
| Commodity Futures | Rs 10 per order | 0.05% |
| Commodity Options | Rs 10 per order | Rs 50 (sell and buy side) |
| Open Kotak Neo Account |
| Minimum Brokerage | Rs 0.05 for Cash, Rs 0.01 Future | |
| Other Charges | ||
| Call & Trade Charges | Rs 49 + GST per executed order | Free |
| Open Kotak Neo Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SBI Securities margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | SBI Securities | |
|---|---|---|
| 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 |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. SBI Securities offers SBI Smart Web, SBI Smart Mobile trading software.
| Kotak Neo | SBI Securities | |
|---|---|---|
| 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 | SBI Smart Web, SBI Smart Mobile |
| Intraday Square-off Time | 3:20 P.M | 2:45 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | |
| Open Kotak Neo Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas SBI Securities is rated of 5 based on 165 customer reviews.
| Kotak Neo | SBI Securities | |
|---|---|---|
202 Customer Reviews  | 165 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 | SBI Securities is Rated 2.5 / 5 based on 165 customer reviews |
| Kotak Neo | SBI Securities | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Kotak Neo | SBI Securities | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | SBI Securities | |
|---|---|---|
| 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 |
| Kotak Neo | SBI Securities | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | SBI Securities | |
|---|---|---|
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| 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 | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
| Open Kotak Neo Account |
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