FYERS Securities vs Kotak Neo

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
Kotak Neo
Full-Service Broker · since 1994
Kotak Neo

FYERS Securities vs Kotak Neo — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose Kotak Neo if

You want research and offline support

One of India's oldest stock broking companies, offering full-fledged investment services across asset classes through a single-login platform.

Company overview

FYERS Securities is a discount broker incorporated in 2015; Kotak Neo is a full-service broker incorporated in 1994.

ParameterFYERS SecuritiesKotak Neo
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2015 1994 older
Number of branches 98+ 1,500+ Branches & Customer Touchpoints wider
Active clients 10 Lakh+ 15+ Lakh (Approx.) larger

Charges & AMC

Account-opening and maintenance charges for FYERS Securities and Kotak Neo compared side by side.

ParameterFYERS SecuritiesKotak Neo
Trading a/c opening ₹0 ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹0 As per applicable tariff plan
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹13.5 + GST per debit

Brokerage charges

How FYERS Securities and Kotak Neo price each trading segment, per executed order.

ParameterFYERS SecuritiesKotak Neo
Equity Delivery ₹0 (Free) ₹0 (Free)
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.03% (lower)
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.03% (lower)
Equity Options ₹20 per executed order ₹20/order
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.03% (lower)
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 or 0.03% (lower)
Call & Trade ₹50 per executed order +₹50/order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by FYERS Securities and Kotak Neo, per segment.

ParameterFYERS SecuritiesKotak Neo
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Crore (0.00297%) | BSE ₹297 per Crore (0.00297%)
Equity Futures NSE: 0.00173% NSE ₹173 per Crore (0.00173%) | BSE ₹173 per Crore (0.00173%)
Equity Options NSE: 0.03503% (on premium) NSE ₹3,503 per Crore of premium (0.03503%) | BSE ₹3,250 per Crore of premium (0.0325%)
Currency Futures NSE: 0.00035% NSE ₹35 per Crore (0.00035%) | BSE ₹35 per Crore (0.00035%)
Currency Options NSE: 0.03110% (on premium) NSE ₹3,100 per Crore of premium (0.0311%) | BSE ₹1,000 per Crore of premium (0.01%)
Commodity Futures MCX: 0.00210% MCX ₹260 per Crore (0.00260%)
Commodity Options MCX: 0.04180% (on premium) MCX ₹5,000 per Crore of premium (0.05%)

Demat & DP charges

Depository (demat) charges for FYERS Securities and Kotak Neo — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesKotak Neo
Demat Account Opening ₹0 —
Annual Maintenance Charges (AMC) ₹0 —
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions —
Pledge / Unpledge Charges ₹12.5 + GST per ISIN —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil —
Demat Opening — ₹0
Transaction Charges — ₹13.5 + GST
AMC — ₹300 + GST
Pledge — ₹30 + GST
Remat — ₹150 + GST
Nil — Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by FYERS Securities and Kotak Neo.

ParameterFYERS SecuritiesKotak Neo
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin norms (Up to 5x (eligible stocks))
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across FYERS Securities and Kotak Neo.

ParameterFYERS SecuritiesKotak Neo
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) Advanced charting, basket orders, option chain, Trading API, research reports, Smart Orders, eMargin, MTF, IPO and mutual fund investments.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by FYERS Securities and Kotak Neo.

ParameterFYERS SecuritiesKotak Neo
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API
Number of platforms 3 4 more choice
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One Kotak Neo Web, Kotak Neo App, Kotak Stock Trader (Nest), Kotak Neo API
Mobile / desktop apps Web, Mobile, Desktop Web, Android & iOS, Desktop, API

User ratings

User ratings for FYERS Securities and Kotak Neo across the key parameters.

Rated onFYERS SecuritiesKotak Neo
Fees 4.9 better 4.4
Brokerage 4.9 better 4.5
Trading platform 4.9 better 4.7
Customer service 4.4 better 4.3
Research 4.2 4.4 better
Overall 4.7 better 4.4

Investment options

Which investment products FYERS Securities and Kotak Neo let you access.

ParameterFYERS SecuritiesKotak Neo
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by FYERS Securities and Kotak Neo.

ParameterFYERS SecuritiesKotak Neo
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

SEBI registration, financial strength and complaint record for FYERS Securities and Kotak Neo.

ParameterFYERS SecuritiesKotak Neo
SEBI registration INZ000166137 INZ000200137
NSE member code 12768 08081
Year of incorporation 2015 1994 longer track record
Net worth ₹1,348+ Cr ₹5,000+ Crore (Approx.) stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002% fewer complaints 0.034%

Complaints record

Exchange complaint data for FYERS Securities and Kotak Neo — the ratio matters more than the raw count.

ParameterFYERS SecuritiesKotak Neo
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 10,87,436 15,40,000+ larger base
Complaints filed — 520
Complaint ratio 0.002% fewer complaints 0.034%

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
Kotak Neo

▲ Pros

  • ✓ Trusted full-service broker backed by Kotak Mahindra Bank.
  • ✓ Low brokerage plans for active traders.
  • ✓ Advanced Kotak Neo web and mobile trading platforms.
  • ✓ Investment in Stocks, IPOs, Mutual Funds, ETFs and Bonds from one account.
  • ✓ Research reports, market insights and investment recommendations.
  • ✓ API support for algo trading.
  • ✓ Easy online account opening with Aadhaar-based eKYC.
  • ✓ Multiple order types with advanced charting tools.

▼ Cons

  • ✕ Demat AMC may apply depending on the selected plan.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin Trading Facility (MTF) is available only for eligible stocks.
  • ✕ Some advanced features are available only under specific plans.
  • ✕ Research and advisory offerings may vary across customer plans.
Open FYERS Securities Account Open Kotak Neo Account

Explore more comparisons

Compare FYERS Securities with

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Compare Kotak Neo with

Kotak Neo vs Zerodha Kotak Neo vs Angel One Kotak Neo vs Upstox Kotak Neo vs Groww Kotak Neo vs ICICI Direct Kotak Neo vs HDFC Securities Kotak Neo vs SBI Securities Kotak Neo vs Motilal Oswal Kotak Neo vs Paytm Money Kotak Neo vs Mirae Asset Sharekhan Kotak Neo vs Axis Direct Kotak Neo vs 5paisa Kotak Neo vs Choice Broking Kotak Neo vs m.Stock Kotak Neo vs Sahi Kotak Neo vs SMC Global Kotak Neo vs Anand Rathi Kotak Neo vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.