Broker Comparison
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
Key charges and account features side by side.
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| Feature | Kotak Neo | Motilal Oswal |
|---|---|---|
| Broker type | Bank Broker | Full-Service Broker |
| Account opening | ₹99 under Trade Free Youth plan | ₹0 (Free to open) |
| Annual maintenance | ₹0, For BSDA account with holding ₹4L | ₹199 per year (Free for 1st year) |
| Equity delivery | ₹0 (Free) under Trade Free Youth | 0.20% of trade volume |
| Equity intraday | Lower of ₹10 or 0.05% under Trade Free Youth | 0.02% of trade volume |
| Futures | ₹10 per executed order under Trade Free Youth | 0.02% of trade volume |
| Options | ₹10 per executed order under Trade Free Youth | ₹20 per lot |
| Commodity | ₹0 (Completely Free) under Trade Free Youth | 0.02% or ₹20 per lot |
| Currency | ₹10 per executed order under Trade Free Youth | 0.02% for Futures / ₹20 per lot for Options |
| DP charges | ₹20 + GST | ₹20 or 0.025% of the transaction value per scrip (whichever is higher) |
| Auto Square Off | ₹50 + 18% GST | ₹50 per executed order. |
| Call & trade | ₹70 + 18% GST per executed order | ₹50 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 | As of June 2026, Kotak Neo had approximately 1.4 million active clients. | NSE Active Clients: ~8.99 Lakh |
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.
Motilal Oswal Financial Services Limited (MOFSL) is a Mumbai-based financial services company founded in 1987 by Motilal Oswal and Raamdeo Agrawal. It has grown from a stockbroking firm into a diversified financial institution listed on the BSE and NSE.
The company offers stockbroking, wealth management, institutional broking, mutual funds, portfolio management services, investment banking, and home finance. It serves retail investors, high-net-worth individuals, and institutional clients across India.
Motilal Oswal is known for its research-driven investment services and its “Buy Right, Sit Tight” philosophy, which focuses on long-term value investing. It provides services through an extensive branch network and digital trading platforms.
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.
Kotak Neo is an online investment and trading platform operated by Kotak Securities Limited.
Yes, Kotak Securities Limited is a SEBI-registered stockbroker and depository participant.
Account opening is free under the standard Trade Free Plan. Charges may differ for other plans.
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.
Yes. Selected plans provide zero brokerage for the first 30 days and zero brokerage on Trade API orders. Terms depend on the chosen plan.
Yes, customers can combine a Kotak bank account with Kotak Securities trading and Demat accounts.
Kotak Neo provides access to stocks, IPOs, mutual funds, ETFs, bonds, commodities, currencies, futures and options.
Yes, the Kotak Neo app is available for mobile trading, portfolio tracking, research and order placement.
Yes, Kotak Neo offers Trade APIs for automated and algorithmic trading strategies.
Applicants generally need a PAN card, Aadhaar card, mobile number, email address, bank details and completed e-KYC verification.
Yes, Motilal Oswal is an established full-service financial services company known for stockbroking, investment products and research-based recommendations.
Yes, Motilal Oswal Financial Services Limited is a SEBI-registered intermediary and provides regulated broking and investment services in India.
Yes, Motilal Oswal currently offers Demat and trading account opening at ₹0, with no minimum amount required to open an account.
Motilal Oswal currently advertises ₹0 AMC and administrative charges for the first year. Charges after the introductory period may depend on the selected account or pricing plan.
Motilal Oswal’s main trading and investment platform is called RIISE. It is available as a mobile app and web-based trading platform.
Investors can access equities, futures and options, commodities, mutual funds, IPOs, bonds, US stocks, insurance and ready-made investment portfolios through its platforms.
Yes, the RIISE app provides free TradingView charts, market data and trading tools for technical analysis and order placement.
Yes, Motilal Oswal supports intraday, futures and options trading through the RIISE app and web platform.
Yes, eligible investors can access US stocks through the international investing section available in the RIISE app.
Motilal Oswal can be suitable for beginners who need research reports, investment recommendations, educational resources and access to professional advisory services. However, users should compare its brokerage and account-related charges before opening an account.
