Broker comparison
ICICI Direct vs Kotak Neo (Kotak Securities) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of ICICI Direct and Kotak Neo (Kotak Securities) from published official pricing and features — no affiliation with either broker.
| Metric | ICICI Direct | Kotak Neo (Kotak Securities) |
|---|---|---|
| Delivery brokerage | Plan-based - see official brokerage page (flat ₹20 plans available) | Plan-based - see official pricing (Trade Free plans) |
| Intraday brokerage | Plan-based - flat ₹20 per order on current flat-fee plans | ₹20 per order or lower on current Trade Free plans - see official pricing |
| F&O brokerage | Plan-based - flat ₹20 per order on current flat-fee plans | Plan-based - see official pricing |
| AMC | ₹700 per year (₹300 for iVALUE subscribers) | See official pricing page |
| Account opening | ₹0 (free); 3-in-1 account with ICICI Bank | Free (online) |
| Trading API | Breeze API — See official Breeze API page | Kotak Neo Trade API — See official API page |
| Reported execution speed | Not Disclosed | ≈ 80 ms (median) |
| Algo support | Yes - via Breeze API | Yes - via Neo Trade API |
| Platforms | ICICI Direct web, ICICI Direct Markets app, Trade Racer | Kotak Neo app, Kotak Neo web, NEST terminal |
| Best for (published) | ICICI Bank customers who want research, advisory and one integrated account. | 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
Kotak Neo (Kotak Securities) publishes an execution-speed figure; ICICI Direct does not on verifiable sources.
Tools & profiles
- ICICI Direct full profile
- Kotak Neo (Kotak Securities) full profile
- ICICI Direct brokerage calculator
- Kotak Neo (Kotak Securities) brokerage calculator
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Frequently asked questions
ICICI Direct vs Kotak Neo (Kotak Securities): which has lower delivery brokerage?
At our last review, ICICI Direct published delivery brokerage as "Plan-based - see official brokerage page (flat ₹20 plans available)" 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 ICICI Direct or Kotak Neo (Kotak Securities) have a trading API?
Both have documented APIs at review time: ICICI Direct (Breeze API), Kotak Neo (Kotak Securities) (Kotak Neo Trade API). Compare pricing and rate limits on each broker's developer page.
Which is faster — ICICI Direct or Kotak Neo (Kotak Securities)?
Kotak Neo (Kotak Securities) publishes ≈ 80 ms (median). ICICI Direct has no verifiable execution-speed figure we could cite.
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
- ICICI Direct - official website - https://www.icicidirect.com
- ICICI Direct - official pricing - https://www.icicidirect.com/brokerage
- Kotak Neo (Kotak Securities) - official website - https://www.kotaksecurities.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotaksecurities.com/pricing/