Broker comparison
Kotak Neo (Kotak Securities) vs Alice Blue (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Kotak Neo (Kotak Securities) and Alice Blue from published official pricing and features — no affiliation with either broker.
- 3 – 1Cheaper on example trades (Kotak Neo (Kotak Securities) – Alice Blue)
- 6 – 5Published features (of 9)
| Metric | Kotak Neo (Kotak Securities) | Alice Blue |
|---|---|---|
| Delivery brokerage | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | ₹20 or 2.5% per order (whichever is lower) |
| Intraday brokerage | ₹10 or 0.05% per order (whichever is lower) | ₹20 or 0.05% per order (whichever is lower) |
| F&O brokerage | ₹10 per order (flat) | ₹20 per order (options); ₹20 or 0.05% per order for futures (whichever is lower) |
| AMC | Not Disclosed | ₹0 (zero AMC) |
| Account opening | Free (online) | Free (online) |
| Trading API | Kotak Neo Trade API — Free (per official page) | ANT API — Free (per official page) |
| Reported execution speed | ≈ 80 ms (median) | Not Disclosed |
| Algo support | Yes - via Neo Trade API | Yes - free ANT API; partnerships with algo platforms |
| Platforms | Kotak Neo app, Kotak Neo web, NEST terminal | ANT Mobi, ANT Web |
| Best for (published) | Kotak Bank customers wanting integrated broking with research. | Price-sensitive algo traders exploring beyond the biggest names. |
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) | Alice Blue | 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 | Alice Blue (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) | Alice Blue |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | – | ✓ |
| Free API | ✓ | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | ✓ |
| Research desk | ✓ | – |
| Published speed | ✓ | – |
What the published data shows
Kotak Neo (Kotak Securities) publishes an execution-speed figure; Alice Blue does not on verifiable sources.
Tools & profiles
- Kotak Neo (Kotak Securities) full profile
- Alice Blue full profile
- Kotak Neo (Kotak Securities) brokerage calculator
- Alice Blue brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Kotak Neo (Kotak Securities) vs Alice Blue: 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 Alice Blue as "₹20 or 2.5% per order (whichever is lower)". 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 Alice Blue have a trading API?
Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), Alice Blue (ANT API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Kotak Neo (Kotak Securities) or Alice Blue?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median). Alice Blue has no verifiable execution-speed figure we could cite.
Is Kotak Neo (Kotak Securities) cheaper than Alice Blue?
On our four example trades (intraday, delivery, options and futures), Kotak Neo (Kotak Securities) is cheaper on 3, Alice Blue 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/
- Alice Blue - official website - https://aliceblueonline.com
- Alice Blue - official pricing - https://aliceblueonline.com/pricing/