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 Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.
Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.
Upstox tra...
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 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.
| Kotak Neo | Upstox | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 1994 | 2012 |
| Number of Branches | 153 | |
| Open Kotak Neo Account | Open Upstox Account |
Kotak Neo trading account opening charges is Rs 0 (Free) while Upstox account opening changes is Rs 0 (Free). Kotak Neo Demat Account AMC Charges is Rs 600 and Upstox Demat Account AMC Charges is Rs 300 (Free for 1st Year).
| Kotak Neo | Upstox | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 300 (Free for 1st Year) |
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 Upstox brokerage charges for equity is Rs 20 per executed order and Intraday is Rs 20 per executed order or 0.1% whichever islower.
| Account Type | Kotak Neo Trade Free Plan | Upstox Default |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% (free for the first 30 days) | Rs 20 per executed order |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per executed order or 0.1% whichever islower |
| Equity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% 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: Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds |
| Kotak Neo | Upstox | |
|---|---|---|
| Account Type | Trade Free Youth | Default |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 | Rs 20 per executed order |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per executed order or 0.1% whichever islower |
| Equity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Open Kotak Neo Account | Open Upstox Account |
| Kotak Neo | Upstox | |
|---|---|---|
| Account Type | Trade Free Pro | Default |
| Fixed Charges | Rs 249 | NA |
| Equity Delivery | 0.10% (free for the first 30 days) | Rs 20 per executed order |
| Equity Intraday | Rs 10 per order or 0.05%, whichever is lower | Rs 20 per executed order or 0.1% whichever islower |
| Equity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Options | Rs 10 per order | Rs 20 per executed order |
| Currency Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Currency Options | Rs 10 per order | Rs 20 per executed order |
| Commodity Futures | Rs 10 per order | Rs 20 per executed order or 0.05% whichever is lower |
| Commodity Options | Rs 10 per order | Rs 20 per executed order |
| Open Kotak Neo Account | Open Upstox Account |
| Minimum Brokerage | 0.05% | |
| Other Charges | Auto Square-off Charges: Rs 75 | |
| Call & Trade Charges | Rs 49 + GST per executed order | Rs 75 per trade |
| Open Kotak Neo Account | Open Upstox Account |
Kotak Neo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday trading is up to 20% of the trade value (4x leverage) based on the stock.
| Kotak Neo | Upstox | |
|---|---|---|
| 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 Upstox Account |
The trading platforms offered Kotak Neo include Kotak Neo Trading App, Kotak Neo Web, Nest Trading Terminal. Upstox offers Upstox Pro Mobile App, Upstox Pro Web trading software.
| Kotak Neo | Upstox | |
|---|---|---|
| 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 | Upstox Pro Mobile App, Upstox Pro Web |
| Intraday Square-off Time | 3:20 P.M | 3:00 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | 3-in-1 account | Option strategy builder, Chart360 |
| Open Kotak Neo Account | Open Upstox Account |
Kotak Neo is rated of 5 based on 202 customer reviews whereas Upstox is rated of 5 based on 150 customer reviews.
| Kotak Neo | Upstox | |
|---|---|---|
202 Customer Reviews  | 150 Customer Reviews | |
| Fees |  |  |
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| Trading Platform |  |  |
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| Research Capabilities |  |  |
| Overall Rating | | |
| Broker Rating | Kotak Neo is Rated 2.4 / 5 based on 202 customer reviews | Upstox is Rated 2.4 / 5 based on 150 customer reviews |
| Kotak Neo | Upstox | |
|---|---|---|
| Contact Broker | Trade smarter with Kotak Neo low-cost plans. | Flat Brokerage: ₹20/order for Intraday, Delivery and F&O| ₹0 Account Opening charges| Zero Commissions on Mutual Funds |
| Kotak Neo | Upstox | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Kotak Neo | Upstox | |
|---|---|---|
| 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 Upstox Account |
| Kotak Neo | Upstox | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Kotak Neo | Upstox | |
|---|---|---|
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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 | Upstox Special OfferTrade Smarter With Upstox
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| Open Kotak Neo Account | Open Upstox Account |
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