Kotak Neo vs 5paisa
Charges and features for options traders, side by side. Published rates checked Mon, 2 Nov, 2026.
| Feature | Kotak Neo | 5paisa |
|---|---|---|
| Options brokerage | ₹10 per order (carry-forward) | ₹20 per order |
| Equity delivery | ₹0 for 30 days, then 0.20% (Trade Free plan) | ₹20 per order |
| Account opening | ₹0 (Trade Free plan) | ₹0 |
| Demat AMC | ₹0 for BSDA accounts (conditions apply) | ₹25 + GST a month (conditions apply) |
| Platforms | Kotak Neo app and web | 5paisa app and web |
| Options tools | Option chain | Option chain |
| NSE active clients | Not listed | Not listed |
Kotak Neo
Bank-backed broker with the lowest flat F&O brokerage of this list.
- ₹10 per F&O order
- Linked to a large bank
- Percentage-based delivery brokerage after 30 days
- Plan conditions to read carefully
5paisa
One of the early discount brokers, with flat ₹20 pricing across segments.
- Flat pricing across segments
- Zero brokerage in the first 30 days
- Monthly AMC adds up over a year
- Delivery trades cost ₹20 each
Want to see what your own trading would cost at each broker? Use the brokerage calculator.
Frequently asked questions
Is Kotak Neo or 5paisa cheaper for options trading?
Kotak Neo charges less per options order (₹10 per order (carry-forward)). At 100 orders a month the brokerage difference is ₹1,000. Statutory charges such as STT are the same at both.
Are Kotak Neo and 5paisa regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE. Client money and securities are covered by the exchanges' rules on segregation.
Can I have accounts with both Kotak Neo and 5paisa?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.