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Kotak Neo | Algo Trading

Kotak Neo Broker Information​

:For any queries reach out to us!

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info

https://www.kotaksecurities.com/landing-page/neo-app/

Kotak Neo Web Trading Terminal​

https://neo.kotaksecurities.com/Login

Kotak Neo API Portal​

https://napi.kotaksecurities.com/devportal/apis

Kotak Neo Brokerage & Other Charges​

https://www.kotaksecurities.com/pricing

Kotak Neo Customer Support​

https://www.kotaksecurities.com/contact-us/

Kotak Neo API Charges​

Free

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What You’ll Need For Kotak Neo Algo Trading​

AlgoTest Account​

You need to have an AlgoTest account. If you don’t have an AlgoTest account, you can create it by clicking on this link.

Kotak Neo Account​

You need to have an active Demat account in Kotak. If you don’t have an account, create an account on Kotak. Make sure to activate F&O on your account.

Kotak Neo V2 (with TOTP) Setup

1. API Activation​

The first step to using Kotak Neo API with AlgoTest is to activate the Neo API. Follow the steps below to activate your API:

  1. Login to the Kotak Neo web terminal: https://neo.kotaksecurities.com/Login
  2. Once logged in, click on the More tab on the top menu bar.
  1. On the More page, click on the “TRADE API” menu item.
  1. On the Trade API page, click “Create your first application” to create a new API app.
  1. A new API app will be generated with the default name “Default Application”, along with a Token under it.
    • This Token will be required later during the Kotak account setup with AlgoTest.

Your API Activation step is complete. You can now move to TOTP Activation.

2. TOTP Activation​

  1. Go to Kotak TOTP Registration
  1. Enter your registered mobile number and click Proceed.
  1. Enter the 4-digit OTP received on your registered mobile number.
  2. Select your Client ID and click Continue.
  1. Select Register TOTP and click Continue.
  1. A QR Code will appear, scan it using the Google Authenticator app.
  2. Enter the TOTP generated by the app into the box below the QR code and click Continue.

If successful, you’ll see the message “TOTP registered successfully.”

3. MPIN Setup​

MPIN is required to generate the daily access token for using the API. Follow the steps below to create your account MPIN:

  1. Login to the Kotak Neo web terminal — https://neo.kotaksecurities.com/Login
  2. Click on your initials (top-right corner) → Account Details.
  1. Scroll to the bottom of the page, find the MPIN section, and set up your new MPIN.

4. AlgoTest Setup​

  1. Go to broker setup on AlgoTest.
  1. Add Kotak Neo in the search box.
  1. While setting up Kotak Neo, you will require Connection Name & Access Token.
  • Connection Name: It can be anything.
  • Access Token: We created this token in the first step of API activation.
  1. Go to all brokers page and locate your broker.
  1. Enter the details:
  • Client ID
  • Registered Phone number
  • TOTP
  • MPIN

And click on the login with Kotak.

Kotak Neo: An Overview​

Kotak Neo is a modern trading platform offered by Kotak Securities, designed to cater to the needs of both novice and experienced traders. It provides a seamless and efficient trading experience with access to multiple asset classes, including equities, derivatives, commodities, and currencies. Kotak Neo integrates advanced trading tools, real-time market data, and intuitive interfaces to ensure that users can make informed decisions and execute trades efficiently.

The platform is accessible via the Kotak Neo web login, desktop, and mobile applications, offering flexibility and convenience for traders. Additionally, Kotak Neo API allows developers to create custom trading solutions, making it a versatile choice for algorithmic trading.

What You Can Do with Kotak Neo​

  • Open and Manage Accounts: Open a Kotak Neo account easily and manage your trades, investments, and portfolios through the Kotak Neo web and mobile platforms.

  • Access Real-Time Data and Trading Tools: Use the advanced tools available on Kotak Neo to track market movements, analyze trends, and execute trades in real-time.

  • Utilize API for Automated Trading: Leverage the Kotak Neo API for algorithmic trading, integrating your strategies with the platform.

  • Calculate Brokerage and Charges: Use the Kotak Neo brokerage calculator and charges calculator to estimate trading costs and optimize your strategies.

Kotak Neo Charges​

Account Opening Charges​

  • Trading Account Opening Fee: ₹0 (Free)

  • Demat Account Opening Fee: ₹0 (Free)

Annual Maintenance Charges (AMC)​

  • Demat Account AMC: ₹50 per month

Brokerage Charges​

  • Equity Delivery: ₹20 per order

  • Equity Intraday: ₹20 per order

  • Futures & Options (F&O): ₹20 per order

  • Currency Trading: ₹20 per order

  • Commodity Trading: ₹20 per order

Other Charges​

  • Call and Trade Charges: ₹50 per call

  • DP Charges: ₹13.5 per debit transaction

  • API Charges: Free

FAQs for Kotak Neo​

  1. What is Kotak Neo used for?

Kotak Neo is used for trading in equities, derivatives, commodities, and currencies. It offers advanced trading tools, real-time data, and an intuitive interface to facilitate efficient trading.

  1. What are the charges for Kotak Neo?

Kotak Neo charges ₹20 per order for equity delivery, intraday, F&O, currency, and commodity trades. Additionally, there is a Demat AMC of ₹50 per month.

  1. Is Kotak Neo a good app?

Yes, Kotak Neo is a good app for traders looking for a user-friendly platform with advanced tools and real-time market data.

  1. How to switch back from Kotak Neo to Kotak Securities?

To switch back from Kotak Neo to Kotak Securities, contact customer care or your relationship manager for assistance with the transition.

  1. What is the customer care number of Kotak Neo?

The Kotak Neo customer care number is 18602662666.

  1. Is 18602662666 a toll-free number?

No, 18602662666 is not a toll-free number. It is a standard customer service line for Kotak Neo.

  1. What is Kotak Neo vs Kotak Securities?

Kotak Neo is a newer, technology-driven trading platform designed for retail investors, while Kotak Securities offers a broader range of services, including full-service brokerage and advisory.

  1. Is intraday free in Kotak Neo?

No, intraday trading in Kotak Neo is charged at ₹20 per order.

  1. How to login to Kotak Neo Web?

To log in to Kotak Neo Web, visit the official Kotak Neo website and use your credentials to access your trading account.

  1. What is the difference between Kotak Stock Trader and Kotak Neo?

Kotak Neo is a more advanced platform designed for active traders, offering enhanced tools and features compared to the Kotak Stock Trader app, which is more suited for basic trading needs.

  1. How to get the API key for Kotak Neo?

To get the Kotak Neo API key, you need to register for API access on the Kotak Neo platform and follow the steps outlined in the Kotak Neo API documentation.

  1. What is the minimum balance in Kotak Neo account?

Kotak Neo does not require a minimum balance to maintain the account, but margin requirements must be met for trading.

  1. Does Kotak Neo have zero brokerage?

No, Kotak Neo charges ₹20 per order for all trades, including equity delivery and intraday.

  1. What is the AMC charge in Kotak Neo per month?

The AMC (Annual Maintenance Charge) for a Kotak Neo Demat account is ₹50 per month.

  1. What is Kotak Neo Trade API?

The Kotak Neo Trade API allows developers to integrate their trading algorithms and strategies with the Kotak Neo platform, enabling automated trading.