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.
| Metric | Kotak Neo (Kotak Securities) | IIFL Securities |
|---|---|---|
| Delivery brokerage | Plan-based - see official pricing (Trade Free plans) | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | ₹20 per order or lower on current Trade Free plans - see official pricing | 0.05% per order on the standard plan - see official pricing |
| F&O brokerage | Plan-based - see official pricing | ₹20 per order (flat) |
| AMC | See official pricing page | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | Free (online) | Free (₹0 online) |
| Trading API | Kotak Neo Trade API — See official API page | IIFL Securities API — Free for IIFL customers (per official pages) |
| 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. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
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
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 "Plan-based - see official pricing (Trade Free plans)" and IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". 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.
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.kotaksecurities.com
- Kotak Neo (Kotak Securities) - official pricing - https://www.kotaksecurities.com/pricing/
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges