Broker comparison
Kotak Neo (Kotak Securities) vs 5paisa (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Kotak Neo (Kotak Securities) and 5paisa from published official pricing and features — no affiliation with either broker.
- 3 – 1Cheaper on example trades (Kotak Neo (Kotak Securities) – 5paisa)
- 6 – 4Published features (of 9)
| Metric | Kotak Neo (Kotak Securities) | 5paisa |
|---|---|---|
| Delivery brokerage | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | ₹20 per order (flat) |
| Intraday brokerage | ₹10 or 0.05% per order (whichever is lower) | ₹20 per order (flat) |
| F&O brokerage | ₹10 per order (flat) | ₹20 per order (flat) |
| AMC | Not Disclosed | ₹25 per month + GST (per official pricing; BSDA conditions apply) |
| Account opening | Free (online) | Free (online) |
| Trading API | Kotak Neo Trade API — Free (per official page) | 5paisa Xstream API — Free (per official page) |
| Reported execution speed | ≈ 80 ms (median) | ≈ 85 ms (median) |
| Algo support | Yes - via Neo Trade API | Yes - via Xstream API |
| Platforms | Kotak Neo app, Kotak Neo web, NEST terminal | 5paisa app, 5paisa web, FnO 360 |
| Best for (published) | Kotak Bank customers wanting integrated broking with research. | Cost-conscious traders comfortable with a subscription add-on model. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
Cost face-off: what real trades cost
| Trade | Kotak Neo (Kotak Securities) | 5paisa | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹59.37 | ₹82.97 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Delivery: ₹50,000 buy & sell | ₹379.58 | ₹178.98 | 5paisa (saves ₹200.6) |
| Options: premium ₹100 × 75 | ₹42.83 | ₹66.43 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Futures: ₹24,000 × 75 | ₹1,043.55 | ₹1,067.15 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Kotak Neo (Kotak Securities) | 5paisa |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | – | – |
| Free API | ✓ | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | – |
| Research desk | ✓ | – |
| Published speed | ✓ | ✓ |
What the published data shows
Both publish execution-speed figures (Kotak Neo (Kotak Securities): ≈ 80 ms (median); 5paisa: ≈ 85 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Kotak Neo (Kotak Securities) full profile
- 5paisa full profile
- Kotak Neo (Kotak Securities) brokerage calculator
- 5paisa brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Kotak Neo (Kotak Securities) vs 5paisa: which has lower delivery brokerage?
At our last review, Kotak Neo (Kotak Securities) published delivery brokerage as "0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)" and 5paisa as "₹20 per order (flat)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Kotak Neo (Kotak Securities) or 5paisa have a trading API?
Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), 5paisa (5paisa Xstream API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Kotak Neo (Kotak Securities) or 5paisa?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median); 5paisa publishes ≈ 85 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Is Kotak Neo (Kotak Securities) cheaper than 5paisa?
On our four example trades (intraday, delivery, options and futures), Kotak Neo (Kotak Securities) is cheaper on 3, 5paisa on 1, and 0 are tied. Statutory charges are identical, so any difference comes from brokerage.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Kotak Neo (Kotak Securities) - official website - https://www.kotakneo.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotakneo.com/pricing/
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing