Broker comparison
Kotak Neo (Kotak Securities) vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Kotak Neo (Kotak Securities) and IIFL Securities from published official pricing and features — no affiliation with either broker.
- 3 – 0Cheaper on example trades (Kotak Neo (Kotak Securities) – IIFL Securities)
- 6 – 5Published features (of 9)
| Metric | Kotak Neo (Kotak Securities) | IIFL Securities |
|---|---|---|
| Delivery brokerage | 0.20% per order (Trade Free); 0.10% on Trade Free Pro (₹249/month) | 0.25% per order (Investor Plan - Online Plus, per official rate card) |
| Intraday brokerage | ₹10 or 0.05% per order (whichever is lower) | 0.025% per order (Investor Plan - Online Plus) |
| F&O brokerage | ₹10 per order (flat) | Futures 0.025% per order; options ₹25 per lot (Investor Plan - Online Plus) |
| AMC | Not Disclosed | Free first year, then ₹250 + GST per year |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | Kotak Neo Trade API — Free (per official page) | IIFL Securities API |
| Reported execution speed | ≈ 80 ms (median) | ≈ 95 ms (median) |
| Algo support | Yes - via Neo Trade API | Yes - via IIFL trading API |
| Platforms | Kotak Neo app, Kotak Neo web, NEST terminal | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | Kotak Bank customers wanting integrated broking with research. | Investors who want a full-service broker with in-house research and wide product coverage. |
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) | IIFL Securities | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹59.37 | ₹95.06 | Kotak Neo (Kotak Securities) (saves ₹35.69) |
| Delivery: ₹50,000 buy & sell | ₹379.58 | ₹441.53 | Kotak Neo (Kotak Securities) (saves ₹61.95) |
| Options: premium ₹100 × 75 | ₹42.83 | Not modelled | - |
| Futures: ₹24,000 × 75 | ₹1,043.55 | ₹2,083.06 | Kotak Neo (Kotak Securities) (saves ₹1,039.51) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Kotak Neo (Kotak Securities) | IIFL 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 (Kotak Neo (Kotak Securities): ≈ 80 ms (median); IIFL Securities: ≈ 95 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Kotak Neo (Kotak Securities) full profile
- IIFL Securities full profile
- Kotak Neo (Kotak Securities) brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Kotak Neo (Kotak Securities) vs IIFL Securities: 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 IIFL Securities as "0.25% per order (Investor Plan - Online Plus, per official rate card)". 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 IIFL Securities have a trading API?
Both have documented APIs at review time: Kotak Neo (Kotak Securities) (Kotak Neo Trade API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Kotak Neo (Kotak Securities) or IIFL Securities?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median); IIFL Securities publishes ≈ 95 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 IIFL Securities?
On our four example trades (intraday, delivery, options and futures), Kotak Neo (Kotak Securities) is cheaper on 3, IIFL Securities on 0, and 0 are tied, with the rest not modelled from published pricing. 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/
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges