Kotak Securities NEO

Arvind, a regular client of Kotak Securities who has been happily involved in the trading activities with the stockbroker for quite some time now wants to try his hands at this new trading platform Kotak Securities NEO. 

For the last few days, he has been hearing a lot about it and as a result, he is quite intrigued but the only problem coming his way is that he doesn’t have all the correct information. 

Let’s help Arvind and others like him in knowing more about this trading platform provided by Kotak securities. 

Kotak Securities has a few trading platforms of its own and one of those is Kotak securities NEO which offers multiple features in one place. The smartphone app has been built to make your trading faster, more precise and more beneficial with a number of advanced tools and features.

The NEO trading platform has been launched in its Beta version and it offers free intraday trading charges for traders. So without any further detail, let’s learn about this platform in detail.

Kotak Securities NEO App

Kotak Securities NEO offers multiple features that are vital in your journey to reach the destination of becoming a successful trader. Following are some of the important features that Kotak securities NEO provides. 

Additionally, this smartphone app caters to the needs of everyone differently and thus, has features that are exclusively made for traders and investors. 

Exclusive Features

• Multiple Watchlists: With NEO, you can create multiple watchlists and track your desired stocks by keeping an eye on them. 
• Switch Accounts: Now you can use multiple accounts in just one app. Yes, Kotak securities NEO gives you that feature too. 
• Real-time Charts: With real-time charts, you can get absolutely quick and precise information about the stocks. 
• Easy and free funds transfer: With the options of Net banking and UPI, you can transfer your funds in one click. There is no charge for depositing money through UPI.
• Reports & Statements: You can get a report and statement over your capital gain, contract notes, and investment valuation on your registered email address. 
• Related News: This section covers all the latest news around your favorite stocks and keeps you updated with everything. 
• Set Price Limit: With this feature, you can decide the amount at which you want to buy a particular share. 
• GTD, GTC, and AMO orders: With the normal market orders, you can also place Good till date, Good till canceled and Aftermarket orders to execute your trades better. 

For Investors

• Market Movers: You can get a snapshot of the top gainers and top losers in the market. 
• Investment Ideas: This feature enables you to access the research and advisory provided by a trusted team of Kotak securities. 
• Portfolio Diversification: Investors can invest in IPO or other investment products using just one app and diversify their portfolios.
• Real-time Portfolio Updates: With the help of this feature, investors can track the price movement of the stocks.

For Traders

• Real-Time Order Updates: The traders can get real-time updates on their trading positions.
• P/L Filter: This helps the traders filter their open trading positions
• Advanced Charts: With the help of advanced charts, you as a trader can get quick and precise information about the stocks.
• One-click Exit Order: To make the whole trading experience more convenient, now you can square off all your open trading positions in just one click. 
• Option Chain: With the help of this feature, the traders can check all the available option contracts for a specific security. 

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Kotak Securities NEO Review

The Kotak securities NEO app is available for download on both Google Play Store and App Store. On the Play store, it has been downloaded more than 10,000 times already with a 4.5-star rating. 

On the other hand, iOS users seem to love it a bit more as it has received 4-star ratings on the app store. 

 

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Kotak Securities NEO Login 

The first step to using the trading platform is a successful registration process for which you need to open Kotak Demat Account, followed by the login process. 

The existing customer can register themselves on the Kotak securities NEO using your Kotak securities registered mobile number and PAN card number. 

After the successful registration in Kotak securities NEO, you can use your OTP or M-Pin or fingerprint or face ID to unlock the biometric login feature. 

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Kotak Securities NEO Terms & Conditions

Kotak securities NEO is basically aimed at offline traders who don’t use any other trading platform. However, the traders who are already on other Kotak securities trading platforms can easily migrate to NEO by placing a migration request through a phone call to their customer support team. 

It is worth mentioning that once you migrate to NEO, you won’t be able to access other trading platforms and you will get totally new credentials. You will still be able to access your account on the official website of Kotak Securities though.  

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Conclusion

With the Kotak NEO app, Kotak securities aim at making trading easier for its existing customers with so many tools and features. 

The zero brokerage charges in Intraday trading under Kotak trade free plan is already a big incentive and with the addition of tools and features like Multiple watchlists, investment ideas, real-time charts, and a variety of orders, the app seems to be a really tempting option to use while trading. 

However, the app still is in its early days which can be seen from the less number of downloads coupled with the average reviews but with the brand name and the variety of utilities, it surely has the potential to grow bigger in the upcoming days. 

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