Broker Comparison

Upstox vs Kotak Neo

Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.

Data verified: 2026-08-02

Upstox

Discount Broker

Account openingFree

AMC₹0 first year

Intraday₹20 or 0.1% per executed order, whichever is lower

View Upstox Review

Kotak Neo

Bank Broker

Account 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

View Kotak Neo Review

Upstox vs Kotak Neo: Quick comparison

Key charges and account features side by side.

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Feature	Upstox	Kotak Neo
Broker type	Discount Broker	Bank Broker
Account opening	Free	₹99 under Trade Free Youth plan
Annual maintenance	₹0 first year	₹0, For BSDA account with holding ₹4L
Equity delivery	₹20 per executed order	₹0 (Free) under Trade Free Youth
Equity intraday	₹20 or 0.1% per executed order, whichever is lower	Lower of ₹10 or 0.05% under Trade Free Youth
Futures	₹20 or 0.05% per executed order, whichever is lower	₹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 or 0.05% (whichever is lower)	₹0 (Completely Free) under Trade Free Youth
Currency	₹20 per executed order or 0.05% (whichever is lower)	₹10 per executed order under Trade Free Youth
DP charges	₹20.0 + GST	₹20 + GST
Auto Square Off	₹50 + GST	₹50 + 18% GST
Call & trade	₹75 + 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	Approximately 2.5 million active clients.	As of June 2026, Kotak Neo had approximately 1.4 million active clients.

About Upstox

Upstox is a technology-driven discount broker in India that offers online investing and trading services at competitive charges. Users can trade in equities, commodities, currencies, futures, and options through its mobile and web-based platforms.

The company is backed by prominent investors, including Ratan Tata and Kalaari Capital. Upstox focuses on providing a simple, fast, and accessible trading experience for both beginners and active traders.

Its trading platforms offer advanced charts, technical indicators, watchlists, order management tools, and portfolio tracking features. Users can access equity delivery, intraday trading, futures and options, commodities, and currency derivatives through a single Upstox account.

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

Upstox offers web and mobile trading platforms designed for investors and active traders. Its tools include advanced charts, technical indicators, multiple order types, customizable watchlists, price alerts, option chain analysis, portfolio tracking, and real-time market data. Users can trade in equities, futures and options, commodities, and currencies, as well as invest in mutual funds, IPOs, ETFs, and other financial products through a single account

Products Offered

Upstox offers a wide range of investment and trading products, including equity delivery, intraday trading, futures and options, commodities, currencies, mutual funds, IPOs, ETFs, bonds, and government securities. Users can access and manage these products through a single Demat and trading account.

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.

Upstox pros and cons

Pros

Advanced trading tools and charts
Wide range of investment products
Low and transparent brokerage

Cons

Does not offer a 3-in-1 account.
Does not offer unlimited monthly trading plans.

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.

Read complete broker reviews

Upstox Review Kotak Neo Review

Frequently asked questions

Is Upstox a SEBI-registered stock broker?

Upstox operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.

What are the brokerage charges at Upstox?

Upstox brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.

Does Upstox charge Demat AMC?

Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.

Which products are available on Upstox?

The products field on this page lists the major investment and trading segments available through Upstox. Availability and activation requirements may vary by user and segment.

Who should consider Upstox?

Upstox may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.

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.