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.
Pioneer of discount broking with India's benchmark Kite trading platform
Disruptive zero-brokerage trading powered by banking giant Kotak Mahindra
| Feature / Metric | Zerodha | Kotak Neo |
|---|---|---|
| Category | discount | zero brokerage |
| Active NSE Clients | 76+ Lakhs (Rank #2) | 15+ Lakhs (Rank #5) |
| Account Opening Fee | ₹200 (Equity & F&O) | ₹0 (Trade Free Youth) / ₹299 (Trade Free Plan) |
| Annual Maintenance Charges (AMC) | ₹300/year + 18% GST (Billed ₹75/quarter) | ₹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) | ₹13.50 + GST per debit per ISIN (CDSL) | ₹13.50 + GST per debit transaction |
| Margin Trading (MTF) Interest Rate | 10.5% p.a. (0.028% per day via Margin Trading Facility) | 9.75% to 12.5% p.a. (One of India's cheapest MTF financing rates) |
| Developer / Algorithmic API | ₹2,000/month (Kite Connect API) + ₹2,000 for Historical Data | Free (Kotak Neo APIs with TradeAPI) |
| TradingView Chart Integration | ✓ Included | ✓ Included |
| NSE Complaint Ratio | 0.02% | 0.02% |
Serious long-term investors, swing traders, and active traders demanding a clean, stable UI.
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
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