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.
Disruptive zero-brokerage trading powered by banking giant Kotak Mahindra
Pioneer of discount broking with India's benchmark Kite trading platform
| Feature / Metric | Kotak Neo | Zerodha |
|---|---|---|
| Category | zero brokerage | discount |
| Active NSE Clients | 15+ Lakhs (Rank #5) | 76+ Lakhs (Rank #2) |
| Account Opening Fee | ₹0 (Trade Free Youth) / ₹299 (Trade Free Plan) | ₹200 (Equity & F&O) |
| Annual Maintenance Charges (AMC) | ₹0 for 1st Year, then ₹300/year (₹0 for Youth under 30) | ₹300/year + 18% GST (Billed ₹75/quarter) |
| Equity Delivery Brokerage | ₹0 (Trade Free Plan) / 0.25% (Standard) | ₹0 (Free Lifetime) |
| Equity Intraday Brokerage | ₹0 (Zero Brokerage for Intraday across all segments) | ₹20 or 0.03% (whichever is lower) per order |
| Equity Options Brokerage | ₹0 (Trade Free Youth) / ₹20 per order (Trade Free Plan) | ₹20 flat per executed order |
| CDSL DP Charges (Per Sell Debit) | ₹13.50 + GST per debit transaction | ₹13.50 + GST per debit per ISIN (CDSL) |
| Margin Trading (MTF) Interest Rate | 9.75% to 12.5% p.a. (One of India's cheapest MTF financing rates) | 10.5% p.a. (0.028% per day via Margin Trading Facility) |
| Developer / Algorithmic API | Free (Kotak Neo APIs with TradeAPI) | ₹2,000/month (Kite Connect API) + ₹2,000 for Historical Data |
| TradingView Chart Integration | ✓ Included | ✓ Included |
| NSE Complaint Ratio | 0.02% | 0.02% |
Traders under 30 seeking ₹0 brokerage, high-volume intraday equity traders, and MTF leverage seekers.
Serious long-term investors, swing traders, and active traders demanding a clean, stable UI.
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
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