Upstox
Discount BrokerAccount openingFree
AMC₹0 first year
Intraday₹20 or 0.1% per executed order, whichever is lower
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
KO
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
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
- Low and transparent brokerage
- Advanced trading tools and charts
- Wide range of investment products
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.
Broker Rating
Upstox
4.3/5
Kotak Neo
Rating not added
Read complete broker reviews
Frequently asked questions
Is Upstox good for beginners?
Yes, Upstox is suitable for beginners because it offers an easy-to-use app, online account opening, and access to multiple investment products.
Is Upstox Demat account opening free?
Yes, Upstox currently offers Demat account opening at ₹0.
What are the Upstox annual maintenance charges?
Upstox currently charges ₹0 AMC for the first year, after which non-BSDA users pay ₹300 + GST annually.
What is the brokerage charge in Upstox?
Upstox charges up to ₹20 per executed order, depending on the trading segment.
Does Upstox charge brokerage on equity delivery?
Yes, Upstox currently charges ₹20 per executed equity delivery order.
Can I invest in mutual funds through Upstox?
Yes, users can invest in mutual funds through Upstox with ₹0 charges on mutual fund transactions.
Can I apply for an IPO through Upstox?
Yes, Upstox users can apply for IPOs online, and Upstox currently charges ₹0 brokerage on IPO investments.
How long does it take to open an Upstox account?
An Upstox Demat account can generally be activated within 12–48 hours after successful document verification.
Does Upstox charge DP charges when selling shares?
Yes, Upstox currently charges ₹20 per scrip per day as DP charges when equity delivery shares are sold.
Can I trade in stocks, F&O, commodities and currencies with Upstox?
Yes, Upstox provides access to stocks, futures and options, commodities, and currency trading.
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.