Broker comparison

Fyers vs Kotak Neo (Kotak Securities) (2026): Brokerage, API, AMC & Execution Compared

Q: Fyers vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹20 or 0.3% per order (whichever is lower)" and Kotak Neo (Kotak Securities) as "0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Fyers or Kotak Neo (Kotak Securities) have a trading API?

Both have documented APIs at review time: Fyers (Fyers API), Kotak Neo (Kotak Securities) (Kotak Neo Trade API). Compare pricing and rate limits on each broker's developer page.

Q: Which is faster — Fyers or Kotak Neo (Kotak Securities)?

Fyers publishes p99 < 7 ms (processing, self-reported); Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Q: Is Fyers cheaper than Kotak Neo (Kotak Securities)?

On our four example trades (intraday, delivery, options and futures), Fyers is cheaper on 1, Kotak Neo (Kotak Securities) on 3, and 0 are tied. Statutory charges are identical, so any difference comes from brokerage.

Q: 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.

Side-by-side comparison of Fyers and Kotak Neo (Kotak Securities) from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 14 November 2026 · Independent

1 – 3Cheaper on example trades (Fyers – Kotak Neo (Kotak Securities))
6 – 6Published features (of 9)

Fyers vs Kotak Neo (Kotak Securities) — published pricing and features (official sources at last review)
Metric	Fyers	Kotak Neo (Kotak Securities)
Delivery brokerage	₹20 or 0.3% per order (whichever is lower)	0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	₹10 or 0.05% per order (whichever is lower)
F&O brokerage	₹20 per order (options); ₹20 or 0.03% per order for futures (whichever is lower)	₹10 per order (flat)
AMC	₹0 (zero AMC)	Not Disclosed
Account opening	Free (₹0 account opening)	Free (online)
Trading API	Fyers API — Free (per official API page)	Kotak Neo Trade API — Free (per official page)
Reported execution speed	p99 < 7 ms (processing, self-reported)self-reported	≈ 80 ms (median)
Algo support	Yes - free API; TradingView-based platform	Yes - via Neo Trade API
Platforms	Fyers app, Fyers Web, TradingView charts	Kotak Neo app, Kotak Neo web, NEST terminal
Best for (published)	Chart-driven and algorithmic traders who live in TradingView.	Kotak Bank customers wanting integrated broking with research.

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

Total charges per round trip, brokerage + all statutory charges (NSE)
Trade	Fyers	Kotak Neo (Kotak Securities)	Cheaper
Intraday: ₹1 lakh buy & sell	₹82.97	₹59.37	Kotak Neo (Kotak Securities) (saves ₹23.6)
Delivery: ₹50,000 buy & sell	₹178.98	₹379.58	Fyers (saves ₹200.6)
Options: premium ₹100 × 75	₹66.43	₹42.83	Kotak Neo (Kotak Securities) (saves ₹23.6)
Futures: ₹24,000 × 75	₹1,067.15	₹1,043.55	Kotak Neo (Kotak Securities) (saves ₹23.6)

Illustrative quantities. Try your own trade in the compare-all brokerage calculator.

Feature check

Feature	Fyers	Kotak Neo (Kotak Securities)
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 (Fyers: p99 < 7 ms (processing, self-reported); Kotak Neo (Kotak Securities): ≈ 80 ms (median)) — methodologies differ; see each profile before comparing on speed alone.

Tools & profiles

Related comparisons

Frequently asked questions

Fyers vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹20 or 0.3% per order (whichever is lower)" and Kotak Neo (Kotak Securities) as "0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Fyers or Kotak Neo (Kotak Securities) have a trading API?

Both have documented APIs at review time: Fyers (Fyers API), Kotak Neo (Kotak Securities) (Kotak Neo Trade API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Fyers or Kotak Neo (Kotak Securities)?

Fyers publishes p99 < 7 ms (processing, self-reported); Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.

Is Fyers cheaper than Kotak Neo (Kotak Securities)?

On our four example trades (intraday, delivery, options and futures), Fyers is cheaper on 1, Kotak Neo (Kotak Securities) on 3, 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

Fyers - official website - https://fyers.in
Fyers - official pricing - https://fyers.in/pricing/
Kotak Neo (Kotak Securities) - official website - https://www.kotakneo.com
Kotak Neo (Kotak Securities) - official pricing - https://www.kotakneo.com/pricing/