Broker comparison
Fyers vs Kotak Neo (Kotak Securities) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Fyers and Kotak Neo (Kotak Securities) from published official pricing and features — no affiliation with either broker.
| Metric | Fyers | Kotak Neo (Kotak Securities) |
|---|---|---|
| Delivery brokerage | ₹0 (free) | Plan-based - see official pricing (Trade Free plans) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | ₹20 per order or lower on current Trade Free plans - see official pricing |
| F&O brokerage | ₹20 per order (flat) | Plan-based - see official pricing |
| AMC | ₹0 (zero AMC) | See official pricing page |
| Account opening | Free (₹0 account opening) | Free (online) |
| Trading API | Fyers API — Free (per official API page) | Kotak Neo Trade API — See official API 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.
What the published data shows
Fyers publishes free equity delivery; Kotak Neo (Kotak Securities) does not (per official pricing at review). 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
- Fyers full profile
- Kotak Neo (Kotak Securities) full profile
- Fyers brokerage calculator
- Kotak Neo (Kotak Securities) brokerage calculator
- Lowest brokerage brokers in India
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Frequently asked questions
Fyers vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?
At our last review, Fyers published delivery brokerage as "₹0 (free)" and Kotak Neo (Kotak Securities) as "Plan-based - see official pricing (Trade Free plans)". 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.
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.kotaksecurities.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotaksecurities.com/pricing/