Detailed side-by-side comparison of brokerage rates, account maintenance fees, trading platforms, and user ratings to help you choose the winner for your trading style.
Engineered for super traders & F&O scalpers with direct TradingView webhook execution
Disruptive zero-brokerage trading powered by banking giant Kotak Mahindra
| Feature / Metric | Dhan | Kotak Neo |
|---|---|---|
| Category | discount | zero brokerage |
| Active NSE Clients | 12+ Lakhs (Rank #6) | 15+ Lakhs (Rank #5) |
| Account Opening Fee | ₹0 (100% Free Digital Onboarding) | ₹0 (Trade Free Youth) / ₹299 (Trade Free Plan) |
| Annual Maintenance Charges (AMC) | ₹0 (Lifetime Free Demat AMC) | ₹0 for 1st Year, then ₹300/year (₹0 for Youth under 30) |
| Equity Delivery Brokerage | ₹0 (Free Lifetime) | ₹0 (Trade Free Plan) / 0.25% (Standard) |
| Equity Intraday Brokerage | ₹20 or 0.03% (whichever is lower) per order | ₹0 (Zero Brokerage for Intraday across all segments) |
| Equity Options Brokerage | ₹20 flat per executed order | ₹0 (Trade Free Youth) / ₹20 per order (Trade Free Plan) |
| CDSL DP Charges (Per Sell Debit) | ₹12.50 + GST per debit transaction (Lowest in industry) | ₹13.50 + GST per debit transaction |
| Margin Trading (MTF) Interest Rate | 11.99% p.a. (Margin Trading Facility / Pay Later) | 9.75% to 12.5% p.a. (One of India's cheapest MTF financing rates) |
| Developer / Algorithmic API | Free (DhanHQ Superfast Trading APIs) | Free (Kotak Neo APIs with TradeAPI) |
| TradingView Chart Integration | ✓ Included | ✓ Included |
| NSE Complaint Ratio | 0.01% | 0.02% |
Option buyers/sellers, intraday scalpers, Pine Script webhook automated traders, and chartists.
Traders under 30 seeking ₹0 brokerage, high-volume intraday equity traders, and MTF leverage seekers.
Simulate trades with live STT, SEBI, GST, Stamp Duty, and DP charges across top Indian stock brokers.
Zero Brokerage on Equity Delivery + Free Access to Coin & Varsity
Which one do you use as your primary broker? Share your real experience on Dalal Street.