Dhan
Discount BrokerAccount opening₹0
AMC₹0
Intraday₹20 or 0.03% per executed order, whichever is lower
Broker Comparison
Dhan vs Kotak Neo
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-02
Kotak Neo
Bank BrokerAccount opening₹99 under Trade Free Youth plan
AMC₹0, For BSDA account with holding ₹4L
IntradayLower of ₹10 or 0.05% under Trade Free Youth
Dhan vs Kotak Neo: Quick comparison
Key charges and account features side by side.
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| Feature | Dhan | Kotak Neo |
|---|---|---|
| Broker type | Discount Broker | Bank Broker |
| Account opening Charges | ₹0 | ₹99 under Trade Free Youth plan |
| Annual maintenance Charges | ₹0 | ₹0, For BSDA account with holding ₹4L |
| Equity delivery | ₹0 brokerage | ₹0 (Free) under Trade Free Youth |
| Equity intraday | ₹20 or 0.03% per executed order, whichever is lower | Lower of ₹10 or 0.05% under Trade Free Youth |
| Futures | ₹20 per executed order | ₹10 per executed order under Trade Free Youth |
| Options | ₹20 per executed order | ₹10 per executed order under Trade Free Youth |
| Commodity | ₹20 per executed order | ₹0 (Completely Free) under Trade Free Youth |
| Currency | ₹20 or 0.03% per executed order, whichever is lower | ₹10 per executed order under Trade Free Youth |
| DP charges | ₹12.50 per ISIN + GST | ₹20 + GST |
| Auto Square Off | ₹20 per order plus GST | ₹50 + 18% GST |
| Call & trade | ₹50 per executed order plus 18% GST | ₹70 + 18% GST per executed order |
| Customer support | Official app/web help centre, ticket, email and/or phone support. | Official app/web help centre, ticket, email and/or phone support. |
| Active Users | Check official tariff | As of June 2026, Kotak Neo had approximately 1.4 million active clients. |
About Dhan
Founded in 2021, Dhan is a Mumbai-based, technology-driven stockbroking platform serving investors and traders across India. It is registered with SEBI as a stockbroker and is also associated with CDSL, NSE, BSE and MCX.
Dhan allows users to invest and trade in stocks, ETFs, futures, options and commodities. Its platform suite includes the Dhan App, Dhan Web, Options Trader App, TradingView integration and tv.dhan.co for advanced chart-based trading.
Dhan offers competitive brokerage, including zero brokerage on equity delivery and ₹20 or 0.03%, whichever is lower, on intraday trades. With zero account-opening and maintenance charges, user-friendly platforms and a 50% brokerage discount for women, Dhan is suitable for both beginners and active traders.
About Kotak Neo
Kotak Neo is a full-service stockbroking platform operated by Kotak Securities, which was incorporated in 1994. It is a subsidiary of Kotak Mahindra Bank and offers a convenient 3-in-1 account combining banking, trading, and Demat services.
The platform allows investors to trade and invest in equities, equity derivatives, commodities, currencies, mutual funds, and selected US stocks. It also provides research support, margin trading facilities, depository services, insurance products, and other investment solutions.
Kotak Securities has an extensive offline presence with more than 145 branches and around 1,000 franchise locations across over 310 Indian cities. Since Kotak Neo is primarily a digital-first platform, physical documentation and branch-level account support are generally handled through designated Kotak Securities branches.
Trading Platforms & Tools
- Dhan offers multiple trading platforms for different types of investors and traders. Its key platforms include the Dhan App, Dhan Web, Options Trader App, tv.dhan.co and direct trading through TradingView. These platforms provide advanced charts, option-chain analysis, trading indicators, watchlists and fast order execution.
Products Offered
- Dhan offers a wide range of investment and trading products, including equity stocks, ETFs, IPOs, mutual funds, futures, options, commodities and currency derivatives. These products are available through its mobile and web-based trading platforms for both investors and active traders.
Trading Platforms & Tools
- Kotak Neo offers a mobile app, web trading platform, and Trade API. Key tools include TradingView charts, basket orders, option-chain analytics, MTF, smart orders, GTT, and real-time portfolio tracking.
Products Offered
- Kotak Neo offers equities, IPOs, mutual funds, ETFs, bonds, commodities, currencies, futures and options, margin trading, insurance products, and access to selected US stocks.
Dhan pros and cons
Pros
- Zero brokerage on equity delivery trades.
- Advanced platforms for options and active traders.
- Zero account-opening and annual maintenance charges.
Cons
- No offline branch network for in-person support.
- Advanced tools may feel complex for beginners.
Kotak Neo pros and cons
Pros
- 3-in-1 bank, trading, and Demat account.
- Advanced trading platforms and tools.
- Wide range of investment products.
Cons
- Pricing plans may feel confusing.
- Some services carry extra charges.
Which broker should you choose?
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Broker Rating
Dhan
4.1/5
Kotak Neo
4.4/5
Read complete broker reviews
Frequently asked questions
Is Dhan a SEBI-registered stockbroker?
Yes. Dhan operates under Raise Securities Private Limited, which is registered with SEBI as a stockbroker. It is also a member of NSE, BSE and MCX and a depository participant with CDSL.
Is opening a Dhan Demat account free?
Yes. Dhan currently charges ₹0 for account opening and does not charge an annual maintenance or platform fee.
What are Dhan’s brokerage charges?
Dhan charges zero brokerage on equity delivery, ETFs, IPOs and mutual funds. Equity intraday and ETF intraday trades are charged at ₹20 or 0.03% per executed order, whichever is lower.
How much does Dhan charge for futures and options?
Dhan charges ₹20 per executed order for equity and commodity futures and options. Statutory taxes, exchange charges and other applicable fees are charged separately.
Which investment products are available on Dhan?
Dhan offers stocks, ETFs, futures, options, commodities, IPOs, mutual funds and the Securities Lending and Borrowing Mechanism, or SLBM.
Does Dhan provide a separate platform for options trading?
Yes. Options Trader by Dhan is a dedicated platform for F&O traders, offering real-time options data, strategy-building features and analytical tools.
Can I trade directly from TradingView with Dhan?
Yes. Dhan allows users to connect their account with TradingView and trade eligible stocks, futures and commodities directly through TradingView charts.
Is the Dhan Options Trader platform free?
Yes. Dhan states that all features available on its Options Trader platform are free for Dhan users.
What documents are required to open a Dhan account?
Users generally need PAN, Aadhaar-linked mobile details and bank information. Income proof may also be required to activate futures, options or commodity trading.
Is Dhan suitable for beginners?
Dhan can be used by beginners for stocks, ETFs, IPOs and mutual funds. However, some of its advanced charting, API and options-trading tools may require additional learning before use.
What is Kotak Neo?
Kotak Neo is an online investment and trading platform operated by Kotak Securities Limited.
Is Kotak Neo a SEBI-registered broker?
Yes, Kotak Securities Limited is a SEBI-registered stockbroker and depository participant.
What are the Kotak Neo account-opening charges?
Account opening is free under the standard Trade Free Plan. Charges may differ for other plans.
What is the brokerage charged by Kotak Neo?
Under the Trade Free Plan, equity intraday costs ₹10 or 0.05% per executed order, whichever is lower, while F&O trades cost ₹10 per executed order.
Does Kotak Neo offer zero brokerage?
Yes. Selected plans provide zero brokerage for the first 30 days and zero brokerage on Trade API orders. Terms depend on the chosen plan.
Does Kotak Neo offer a 3-in-1 account?
Yes, customers can combine a Kotak bank account with Kotak Securities trading and Demat accounts.
Which investment products are available on Kotak Neo?
Kotak Neo provides access to stocks, IPOs, mutual funds, ETFs, bonds, commodities, currencies, futures and options.
Does Kotak Neo have a mobile trading app?
Yes, the Kotak Neo app is available for mobile trading, portfolio tracking, research and order placement.
Does Kotak Neo provide an API for algo trading?
Yes, Kotak Neo offers Trade APIs for automated and algorithmic trading strategies.
What documents are required to open a Kotak Neo account?
Applicants generally need a PAN card, Aadhaar card, mobile number, email address, bank details and completed e-KYC verification.