Broker comparison
Kotak Neo (Kotak Securities) vs Arrow (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Kotak Neo (Kotak Securities) and Arrow from published official pricing and features — no affiliation with either broker.
- 3 – 1Cheaper on example trades (Kotak Neo (Kotak Securities) – Arrow)
- 6 – 4Published features (of 9)
| Metric | Kotak Neo (Kotak Securities) | Arrow |
|---|---|---|
| Delivery brokerage | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | ₹0 (free) |
| Intraday brokerage | ₹10 or 0.05% per order (whichever is lower) | ₹20 or 0.03% per order (whichever is lower) |
| F&O brokerage | ₹10 per order (flat) | ₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower) |
| AMC | Not Disclosed | ₹0 (individual accounts; ₹500/year for non-individual accounts) |
| Account opening | Free (online) | ₹0 (free) |
| Trading API | Kotak Neo Trade API — Free (per official page) | Arrow API — See official docs |
| Reported execution speed | ≈ 80 ms (median) | 95% < 2.9 ms · 99% < 4 msself-reported |
| Algo support | Yes - via Neo Trade API | API with Python & Go clients; in-house algo tools “Coming soon” per official site |
| Platforms | Kotak Neo app, Kotak Neo web, NEST terminal | Arrow mobile app (iOS/Android), Arrow web, Python & Go clients |
| Best for (published) | Kotak Bank customers wanting integrated broking with research. | Latency-sensitive and professional traders who prioritise order-execution speed. |
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) | Arrow | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹59.37 | ₹82.97 | Kotak Neo (Kotak Securities) (saves ₹23.6) |
| Delivery: ₹50,000 buy & sell | ₹379.58 | ₹131.78 | Arrow (saves ₹247.8) |
| 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) | Arrow |
|---|---|---|
| Free delivery | – | ✓ |
| Zero AMC | – | ✓ |
| Free API | ✓ | – |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | – |
| IPO | ✓ | – |
| Research desk | ✓ | – |
| Published speed | ✓ | ✓ |
What the published data shows
Arrow publishes free equity delivery; Kotak Neo (Kotak Securities) does not (per official pricing at review). Both publish execution-speed figures (Kotak Neo (Kotak Securities): ≈ 80 ms (median); Arrow: 95% < 2.9 ms · 99% < 4 ms) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Kotak Neo (Kotak Securities) full profile
- Arrow full profile
- Kotak Neo (Kotak Securities) brokerage calculator
- Arrow brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
Related comparisons
- Zerodha vs Kotak Neo (Kotak Securities)
- Zerodha vs Arrow
- Upstox vs Kotak Neo (Kotak Securities)
- Upstox vs Arrow
- Groww vs Kotak Neo (Kotak Securities)
- Groww vs Arrow
Frequently asked questions
Kotak Neo (Kotak Securities) vs Arrow: 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 Arrow as "₹0 (free)". 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 Arrow have a trading API?
Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), Arrow (Arrow API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Kotak Neo (Kotak Securities) or Arrow?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median); Arrow publishes 95% < 2.9 ms · 99% < 4 ms. 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 Arrow?
On our four example trades (intraday, delivery, options and futures), Kotak Neo (Kotak Securities) is cheaper on 3, Arrow 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/
- Arrow - official website - https://arrow.trade
- Arrow - official pricing - https://arrow.trade/pricing