Based on hard data only. No outside rating with enough reviews was available.
Who licenses Kotak Securities (Kotak Neo).
Licences as Kotak Securities (Kotak Neo) lists them. A tick means we found the entity on the regulator's own register.
| Regulator | Tier | Entity | Licence no. | On register |
|---|---|---|---|---|
| SEBI | TIER 1 | Kotak Securities Limited | INZ000200137 | Not yet checked |
| NSE | TIER 1 | Kotak Securities Limited | 08081 | Not yet checked |
| BSE | TIER 1 | Kotak Securities Limited | 673 | Not yet checked |
| MCX | TIER 1 | Kotak Securities Limited | 56285 | Not yet checked |
Published brokerage.
| Account | Spread | Commission | Cost / lot |
|---|---|---|---|
| Currency F&O Trade Free plan: flat ₹10 per executed order | — | — | — |
| Commodity (MCX) Trade Free plan: flat ₹10 per executed order | — | — | — |
| Equity F&O Trade Free plan: ₹0 for first 30 days, thereafter ₹10 per executed order | — | — | — |
Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.
The fine print.
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- accounts: www.kotakneo.com/pricing/trade-free-plan/
- segments: www.kotakneo.com/pricing/trade-free-plan/
- regulators: www.kotakneo.com/pricing/
- min deposit usd: www.kotakneo.com/pricing/
- inactivity fee note: www.kotakneo.com/pricing/
- withdrawal fee note: www.kotakneo.com/pricing/
Research notes: max_leverage null: exchange-traded derivatives; SEBI/exchange SPAN+exposure margins apply, no broker-set leverage. Not CFDs; currency F&O limited to INR pairs + exchange cross pairs. Commodity & currency ₹10/order stated 'by maintaining at least the exchange-prescribed margins'; unclear if 30-day ₹0 waiver applies. Also MSE 1024, NCDEX 1262. Trustpilot page unreachable; payment methods unconfirmed.
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