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HomeStock BrokerKotak Neo vs Upstox

Kotak Neo vs Upstox

Side-by-side view of features, pricing context, and platform fit.

Kotak Neo

Kotak Neo

Active Clients: 13,68,501

Established in 1994, Kotak Securities Ltd is a comprehensive stock broker providing a 3-in-1 account (Bank + Trading + Demat Account) to individual investors in India. The company facilitates investment in equities, d...

Upstox

Upstox

Active Clients: 20,36,413

Upstox is a technologically advanced low-cost brokerage firm in India, offering trading services in equities, commodities, currency, futures, and options via web and mobile platforms. Upstox has received investment fr...

Side-by-Side Compare Table

CategoryKotak SecuritiesUpstox
Basic Details
  • •Broker Type: Full-service broker
  • •Founded: 1994
  • •Broker Type: Discount broker
  • •Founded: Legacy RKSV/Upstox retail broking entity
Charges & AMC
  • •Account structure options: 3-in-1 and 2-in-1
  • •Plan fee and AMC depend on selected brokerage plan
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
Brokerage
  • •Trade Free plan highlights: Rs 10/order for intraday and F&O in key contexts
  • •Delivery brokerage varies by plan (including free delivery in youth plan context)
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • •Plan subscription or switching fee may apply.
  • •Interest on margin facility and collateral use depends on plan terms.
  • •Call and Trade: Rs 20 per executed order
  • •Instant money transfer fee and physical statement fees may apply
Leverage (Margin)
  • •MTF offerings with daily/annualized interest rates are part of plan matrix.
  • •Leverage and collateral funding conditions are plan specific.
  • •Margin/leverage is segment specific and governed by exchange/risk policies.
  • •Delivery generally follows full margin and intraday can provide lower upfront margins.
Features
  • •Strong bank-backed ecosystem (Kotak Mahindra group).
  • •3-in-1 account convenience.
  • •Digital-first execution with mobile/web stack.
  • •Strong derivatives support and low brokerage positioning.
Trading Platforms
  • •Kotak Neo web platform
  • •Kotak Neo mobile app
  • •Upstox Pro web platform
  • •Upstox mobile app
Reviews & Ratings
  • •Positioned as reliable full-service choice with multi-plan flexibility.
  • •In this extracted section, no single consolidated numeric rating is shown.
  • •Commonly viewed as low-cost, trader-friendly platform.
  • •In this extract, no final single consolidated numeric rating table is shown.
Investment Options
  • •Equities
  • •Derivatives (equity, commodity, currency)
  • •Equity
  • •F&O
Order Types Offered
  • •Standard market and limit orders
  • •Intraday and carry-forward order flows
  • •Standard market and limit orders
  • •Delivery/intraday/F&O execution flows
Suitable For (Investor Type)
  • •Users wanting bank-linked 3-in-1 experience.
  • •Investors/traders who prefer plan choice and branch-backed assistance.
  • •Cost-sensitive active traders.
  • •App-first users who want strong F&O workflow.
Pros and Cons
  • •Pros:
  • •Trusted bank-backed brand and wide network.
  • •Pros:
  • •Competitive low-cost brokerage model.

Detailed Comparison

Basic Details

Kotak SecuritiesUpstox
  • •Broker Type: Full-service broker
  • •Founded: 1994
  • •SEBI Registration: INZ000200137
  • •NSE Member Code: 08081
  • •Net Worth: Rs 8375.27 Cr
  • •Broker Type: Discount broker
  • •Founded: Legacy RKSV/Upstox retail broking entity
  • •SEBI Registration: INZ000315837
  • •NSE Member Code: 13942
  • •Net Worth: Rs 839.83 Cr

Charges & AMC

Kotak SecuritiesUpstox
  • •Account structure options: 3-in-1 and 2-in-1
  • •Plan fee and AMC depend on selected brokerage plan
  • •Youth/Pro/Trade Free plan variants include different AMC and pricing rules
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • •App/web platform model with low-cost pricing

Brokerage

Kotak SecuritiesUpstox
  • •Trade Free plan highlights: Rs 10/order for intraday and F&O in key contexts
  • •Delivery brokerage varies by plan (including free delivery in youth plan context)
  • •Carry-forward and MTF charges vary by plan chosen
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • •Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • •Equity Options: Flat Rs 20 per order
  • •Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables

Other Charges

Kotak SecuritiesUpstox
  • •Plan subscription or switching fee may apply.
  • •Interest on margin facility and collateral use depends on plan terms.
  • •Statutory charges are additional.
  • •Call and Trade: Rs 20 per executed order
  • •Instant money transfer fee and physical statement fees may apply
  • •DP sell charges and statutory charges are additional

Leverage (Margin)

Kotak SecuritiesUpstox
  • •MTF offerings with daily/annualized interest rates are part of plan matrix.
  • •Leverage and collateral funding conditions are plan specific.
  • •Margin/leverage is segment specific and governed by exchange/risk policies.
  • •Delivery generally follows full margin and intraday can provide lower upfront margins.

Features

Kotak SecuritiesUpstox
  • •Strong bank-backed ecosystem (Kotak Mahindra group).
  • •3-in-1 account convenience.
  • •Large branch and franchise footprint.
  • •API trading ecosystem via Neo Trade API.
  • •Digital-first execution with mobile/web stack.
  • •Strong derivatives support and low brokerage positioning.
  • •Direct mutual fund access with zero commission.

Trading Platforms

Kotak SecuritiesUpstox
  • •Kotak Neo web platform
  • •Kotak Neo mobile app
  • •Neo Trade API integrations
  • •Nest desktop terminal
  • •Upstox Pro web platform
  • •Upstox mobile app

Reviews & Ratings

Kotak SecuritiesUpstox
  • •Positioned as reliable full-service choice with multi-plan flexibility.
  • •In this extracted section, no single consolidated numeric rating is shown.
  • •Commonly viewed as low-cost, trader-friendly platform.
  • •In this extract, no final single consolidated numeric rating table is shown.

Investment Options

Kotak SecuritiesUpstox
  • •Equities
  • •Derivatives (equity, commodity, currency)
  • •Mutual funds, IPO, ETFs, bonds, ESOP, insurance products
  • •NRI support via dedicated account type
  • •Equity
  • •F&O
  • •Commodity
  • •Currency
  • •Mutual funds

Order Types Offered

Kotak SecuritiesUpstox
  • •Standard market and limit orders
  • •Intraday and carry-forward order flows
  • •API-based strategy execution through partner integrations
  • •Standard market and limit orders
  • •Delivery/intraday/F&O execution flows
  • •Call-and-trade assisted execution

Suitable For (Investor Type)

Kotak SecuritiesUpstox
  • •Users wanting bank-linked 3-in-1 experience.
  • •Investors/traders who prefer plan choice and branch-backed assistance.
  • •Traders interested in API integrations and multi-platform access.
  • •Cost-sensitive active traders.
  • •App-first users who want strong F&O workflow.
  • •Investors needing discount pricing across major segments.

Pros and Cons

Kotak SecuritiesUpstox
  • •Pros:
  • •Trusted bank-backed brand and wide network.
  • •Flexible plan structure for different profiles.
  • •Strong platform suite including API and desktop tools.
  • •Cons:
  • •Pricing and plan details can be complex to compare quickly.
  • •Some benefits are plan-conditional and require fee/subscription decisions.
  • •Pros:
  • •Competitive low-cost brokerage model.
  • •Broad segment coverage across equity, derivatives, commodity, and currency.
  • •Free account opening and strong digital onboarding.
  • •Cons:
  • •Assisted services add extra charges.
  • •Some advanced full-service advisory expectations may not be met.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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