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 | SBI Securities |
|---|---|---|
| Broker type | Bank Broker | Bank Broker |
| Account opening | ₹99 under Trade Free Youth plan | ₹0 |
| Annual maintenance | ₹0, For BSDA account with holding ₹4L | ₹750 |
| Equity delivery | ₹0 (Free) under Trade Free Youth | 0.50% per trade. |
| Equity intraday | Lower of ₹10 or 0.05% under Trade Free Youth | 0.05% per trade. |
| Futures | ₹10 per executed order under Trade Free Youth | 0.05% per trade. |
| Options | ₹10 per executed order under Trade Free Youth | ₹100 per lot. |
| Commodity | ₹0 (Completely Free) under Trade Free Youth | 0.05% of turnover |
| Currency | ₹10 per executed order under Trade Free Youth | 0.03% of total turnover value |
| DP charges | ₹20 + GST | 0.01% of the trade value (Minimum ₹21, Maximum ₹300) per debit transaction |
| Auto Square Off | ₹50 + 18% GST | ₹49 per executed order |
| Call & trade | ₹70 + 18% GST per executed order | ₹49 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: ~11.17 Lakh (1.11 million) active users |
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.
SBI Securities Limited is the stockbroking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Limited. Founded in 2006, it operates as a full-service stock broker offering retail and institutional equity broking, derivatives trading, depository services, and third-party financial products.
Its online trading platform allows resident Indians and NRIs to invest in equities, derivatives, mutual funds, ETFs, IPOs, and NCDs. The company also offers access to selected lending products, including home loans, car loans, and loans against securities.
SBI Securities is registered with SEBI and acts as a Depository Participant with both NSDL and CDSL. It also provides online trading services for NRIs, although availability and account features may vary depending on the investor’s country of residence and applicable regulations.
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.
Online digital account opening is ₹0 (Free), though physical application routes may attract minor documentation or stamp fees
Yes, it links your SBI Savings Bank Account, Demat Account, and Trading Account for instant, paperless fund transfers.
Resident Indians require a PAN Card, Aadhaar Card (linked to a mobile number for OTP), a canceled cheque/bank proof, and a live photo via e-KYC.
The standard plan charges a percentage fee of 0.50% for Equity Delivery and 0.05% for Equity Intraday trading
The SBI Securities ProZero Plan is a discount tier providing lifetime ₹0 brokerage on Intraday trading across Equity and F&O segments.
Under flat-fee models like ProZero, overnight positional F&O trades are priced at a flat ₹20 per executed order.
The SBI Securities E-Margin Facility provides up to 4x buying leverage on over 700 selected stocks. You pay a 25% upfront margin, and SBI funds the remaining 75%
SBI Securities charges 0% interest for the first 23 trading days. From the 24th trading day onward, interest applies at 0.04% per day (~14.6% annually)
Yes, SBI Securities is a full-service stock broker offering equity trading, derivatives, mutual funds, IPOs, ETFs, NCDs, depository services, research support, and other investment products.
Yes, SBI Securities provides trading and investment services to NRIs. However, available products and account features may vary according to the investor’s country of residence and regulatory requirements.
