Kotak Neo Review 2026
One of India's oldest stock broking companies, offering full-fledged investment services across asset classes through a single-login platform.
About Kotak Neo
Kotak Neo is the digital trading platform of Kotak Securities Limited, one of India's leading full-service stockbroking firms and a subsidiary of Kotak Mahindra Bank. The platform enables trading and investing in equities, derivatives, commodities, currencies, mutual funds, IPOs, ETFs and bonds through a single account. Kotak Neo combines competitive brokerage plans with advanced charting, real-time market data, multiple order types, research reports and seamless integration with Kotak's financial ecosystem, making it suitable for both long-term investors and active traders.
| Broker type | Full-Service Broker |
|---|---|
| SEBI Registration | INZ000200137 |
| NSE Member code | 08081 |
| Net worth | ₹5,000+ Crore (Approx.) |
| Year of incorporation | 1994 |
| Exchange membership | NSE · BSE · MCX |
| Account opening charge | ₹0 (Online) |
| Demat AMC | As per applicable tariff plan |
Kotak Neo brokerage charges
| Segment | Brokerage |
|---|---|
| Equity Delivery | ₹0 (Free) |
| Equity Intraday | ₹20 or 0.03% (lower) |
| Equity Futures | ₹20 or 0.03% (lower) |
| Equity Options | ₹20/order |
| Currency F&O | ₹20 or 0.03% (lower) |
| Commodity F&O | ₹20 or 0.03% (lower) |
Kotak Neo trading platforms
Kotak Neo Web Web
Browser-based trading platform with advanced charts, option chain, watchlists, basket orders and real-time market data.
Kotak Neo App Android & iOS
Mobile trading application for stocks, F&O, commodities, currencies, IPOs, mutual funds and ETFs.
Kotak Stock Trader (Nest) Desktop
Desktop trading terminal designed for active traders with advanced order execution and market analysis tools.
Kotak Neo API API
Trading APIs for developers and algorithmic traders to build automated trading solutions.
Kotak Neo pros & cons
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.
Kotak Neo margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | As per SEBI peak margin norms | Up to 5x (eligible stocks) |
| F&O (Eq/Curr/Comm) | SPAN + Exposure Margin | 1x |
Kotak Neo ratings & reviews
How to open a Kotak Neo account
Sign up on Kotak Neo using your mobile number and email ID.
Complete KYC with PAN, Aadhaar and bank account details.
Upload the required documents online.
Complete Aadhaar-based eSign verification.
Your trading and demat account is activated after successful verification.
Kotak Neo complaints (exchange data)
Complaints filed against Kotak Neo at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025-26 | 15,40,000+ | 520 | 0.034% |
| NSE | 2024-25 | 14,75,000+ | 610 | 0.041% |
| NSE | 2023-24 | 13,90,000+ | 645 | 0.046% |
| NSE | 2022-23 | 12,80,000+ | 598 | 0.047% |
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