--- title: "Algo Trading with Kotak Neo Β· MyAlgoMate" source: https://myalgomate.com/brokers/kotak-neo retrieved: 2026-11-15 publisher: MyAlgoMate (Myalgomate Technologies LLP, Rajkot, India) --- 1. [Home](https://myalgomate.com/) 2. [Brokers](https://myalgomate.com/brokers) 3. Kotak Neo // BROKER Β· KOTAK NEO # Algo trading with Kotak Neo Supported Connect your Kotak Neo account to MyAlgoMate and automate your execution β€” one-click orders, risk controls and fast exits, no coding required. πŸ’¬ Ask about Kotak Neo ## Does MyAlgoMate work with Kotak Neo? Yes. Your Kotak Neo account works with 7 MyAlgoMate products: [StockMock and AlgoTest strategy automation tool (Time Based Straddle Strangle)](https://myalgomate.com/products/stockmock-algotest-strategy), [TradeMate](https://myalgomate.com/products/trademate), [Copy Trading Software](https://myalgomate.com/products/copy-trading-software), [TradeBridge](https://myalgomate.com/products/tradebridge), [Cloud Server for Algo Trading](https://myalgomate.com/products/cloud-server-for-algo-trading), [RMS Tool](https://myalgomate.com/products/rms-tool) and [Virtual Trading Environment](https://myalgomate.com/products/virtual-trading-environment). In copy trading, a Kotak Neo account can be the master or a child β€” see [copy trading with Kotak Neo, step by step](https://myalgomate.com/copy-trading/kotak-neo). You connect it once with your own Kotak Neo API details. MyAlgoMate provides the technology only β€” the software places the orders you set up, and gives no tips or advice. Disclaimer **MyAlgoMate Technologies LLP has no partnership, agreement, or affiliation with any broker named on this website.** Broker names are shown for information only β€” to indicate which broker APIs MyAlgoMate is compatible with. All broker names and trademarks belong to their respective owners. // HOW WE CONNECT ## Connecting Kotak Neo MyAlgoMate connects to Kotak Neo through Kotak's official Neo Trade API. You create an application in the Neo Trade API dashboard, register TOTP on your Kotak Neo account, whitelist a static IP, and then enter your Consumer Key, Client ID, Password/MPIN and TOTP key into the broker login form in MyAlgoMate. // WHAT YOU CAN AUTOMATE ## Use Kotak Neo with Your Kotak Neo account works with all 7 of these MyAlgoMate products β€” plus custom automation of your own strategy. - [StockMock and AlgoTest strategy automation tool (Time Based Straddle Strangle)](https://myalgomate.com/products/stockmock-algotest-strategy) - [TradeMate](https://myalgomate.com/products/trademate) - [Copy Trading Software](https://myalgomate.com/products/copy-trading-software) β€” see [Kotak Neo copy trading](https://myalgomate.com/copy-trading/kotak-neo) (master or child, API and static IP) - [TradeBridge](https://myalgomate.com/products/tradebridge) - [Cloud Server for Algo Trading](https://myalgomate.com/products/cloud-server-for-algo-trading) - [RMS Tool](https://myalgomate.com/products/rms-tool) - [Virtual Trading Environment](https://myalgomate.com/products/virtual-trading-environment) - [Custom strategy automation](https://myalgomate.com/solutions/custom-strategy-automation) β€” your own logic, automated; you set the rules and stay in control. // SETUP ## Setting up Kotak Neo ### Step 1 β€” Create your application in the Neo Trade API dashboard > The Neo Trade [API](https://myalgomate.com/glossary#api) is free β€” Kotak charges no subscription for the Trade API, so there is nothing to buy before you start. You only need an active Kotak Neo trading account. - Open the Kotak Neo app and go to More β†’ Trade API. On the web you can reach the same place via Invest β†’ Trade API β†’ API Dashboard. - Choose Create New Application. Copy your Consumer Key β€” this identifies your application. (A Consumer Secret is also shown, but MyAlgoMate does not need it, so you can ignore it.) - Generate your API [access token](https://myalgomate.com/glossary#access-token) from the same dashboard. You can change the default validity to a longer period of your choice, so you don't have to generate it again often. ### Step 2 β€” Register TOTP and save your TOTP key > Kotak creates your API session from the access token plus a [TOTP](https://myalgomate.com/glossary#totp-2fa) code. MyAlgoMate signs in for you, so it needs the TOTP secret key itself rather than a 6-digit code you type in. - In the Kotak Neo portal, open the menu on the right-hand side and choose the TOTP (external 2FA) registration option β€” there is no separate link to visit. - Follow the prompts to register TOTP. When the QR code appears, save the secret key it contains β€” most authenticator apps show a β€œcan't scan the code?” or manual-entry option that reveals it. This secret key is the TOTP key MyAlgoMate needs. - Scan the QR code into your authenticator app (Google Authenticator, Microsoft Authenticator, Authy, etc.), which then generates a fresh 6-digit code every 30 seconds. ### Step 3 β€” Whitelist your static IP Kotak Neo requires a registered [static IP](https://myalgomate.com/glossary#static-ip) for API trading, in line with the [SEBI](https://myalgomate.com/glossary#sebi) retail algo-trading rules in force since 1 April 2026. Whitelisted IPs are managed from the same API Dashboard where you created your application. - In the API Dashboard, open the whitelisted-IP section and register your static IP. - Which IP to use: if you run MyAlgoMate on your own machine, use your ISP's static IP; if you run it on a [cloud machine](https://myalgomate.com/glossary#vps-cloud-server), use that cloud server's static IP. > No static IP or cloud machine yet? Our Cloud Server for Algo Trading is a cloud machine specialised for algo trading, and it comes with its own static IP you can whitelist. ### Step 4 β€” Enter the details in MyAlgoMate - Open the broker login form in MyAlgoMate and enter your Consumer Key, Client ID, Password/MPIN and TOTP key, then save. ## What you need to collect To connect Kotak Neo, the broker login form in MyAlgoMate needs four details: - **Consumer Key** β€” from the application you create in the Neo Trade [API](https://myalgomate.com/glossary#api) dashboard - **Client ID** β€” your Kotak Neo client id, the one you sign in with - **Password / MPIN** β€” your Kotak Neo account password or MPIN - **[TOTP](https://myalgomate.com/glossary#totp-2fa) key** β€” the secret key you saved when registering TOTP You do not need the Consumer Secret β€” although the dashboard shows one when you create the application, MyAlgoMate's Kotak Neo connection does not use it. One more thing is set on Kotak's side rather than entered here: you must whitelist a [static IP](https://myalgomate.com/glossary#static-ip) in the API Dashboard. ## The Neo Trade API is free Kotak does not charge a subscription for the Neo Trade API β€” it is free to use, so there is nothing to buy and nothing to renew. You only need an active Kotak Neo trading account. (Kotak's own brokerage charges for the trades you place are separate and depend on your plan.) Please check with Kotak for latest terms. ## Why TOTP is required Kotak builds your API session from your [access token](https://myalgomate.com/glossary#access-token) together with a TOTP code. Because MyAlgoMate signs in to your Kotak Neo account for you, it cannot type in a 6-digit code β€” so you register TOTP once and give MyAlgoMate the secret key behind it. Keep the authenticator app on your phone as well, so you can still sign in to Kotak Neo yourself. ## No Redirect URL needed If you have connected other brokers before, you may be looking for a Redirect URL or callback field. Kotak Neo's Trade API does not use one β€” the connection is made with your Consumer Key plus your login and TOTP, so there is nothing of that kind to configure here. ## Static IP β€” required by Kotak Neo **Important β€” static-IP changes are limited:** you can update your registered static IP only once in 7 days (once per week). To change it sooner, you must ask your broker to update it for you. Under the [SEBI](https://myalgomate.com/glossary#sebi) retail algo-trading rules in force since 1 April 2026, API trading requires a registered static IP. Kotak Neo lets you manage your whitelisted IPs from the API Dashboard, alongside your application and access token. Use your ISP's static IP if you run MyAlgoMate on your own machine, or your [cloud machine](https://myalgomate.com/glossary#vps-cloud-server) 's static IP if you run it on a server. If you don't have a static IP, our Cloud Server for Algo Trading is a cloud machine built for algo trading and includes a static IP of your own that you can whitelist. ## Keep your credentials private Your password/MPIN and TOTP key are the keys to your own trading account β€” never share them with anyone. MyAlgoMate provides the automation technology; you set the rules and stay in control of your own trades. // FAQ ## Kotak Neo β€” questions ### Do I need to pay for the Kotak Neo Trade API? No. Kotak's Neo Trade API is free of cost β€” there are no subscription charges for using it. You only need an active Kotak Neo trading account. Kotak's own brokerage charges for the trades you place are separate and depend on your plan. ### What Kotak Neo details does MyAlgoMate need? Four: your Consumer Key from the application you create in the Neo Trade API dashboard, your Client ID, your Password or MPIN, and your TOTP key. You enter all four in the broker login form in MyAlgoMate. You do not need the Consumer Secret. Separately, you must whitelist a static IP in the API Dashboard on Kotak's side. ### Do I need the Consumer Secret for Kotak Neo? No. The Neo Trade API dashboard shows a Consumer Secret when you create your application, but MyAlgoMate's Kotak Neo connection does not use it β€” you only need the Consumer Key. Keep the secret private all the same. ### Where do I create my Kotak Neo API application? In the Kotak Neo app, go to More β†’ Trade API and choose Create New Application; on the web the same place is Invest β†’ Trade API β†’ API Dashboard. Your Consumer Key is shown there, and you generate your API access token and register TOTP from the same area. ### Where do I register TOTP for Kotak Neo? You no longer need a separate link β€” open the menu on the right-hand side of the Kotak Neo portal and choose the TOTP (external 2FA) registration option. Register TOTP, then save the secret key behind the QR code (use the manual-entry option if the key isn't shown) β€” that key is what you enter in MyAlgoMate. ### Why do I need TOTP for Kotak Neo? Kotak creates your API session from your access token together with a TOTP code. MyAlgoMate signs in for you and cannot type in a 6-digit code, so you register TOTP once and enter its secret key in MyAlgoMate. Keep the authenticator app on your phone as well, so you can still sign in to Kotak Neo yourself. ### Does Kotak Neo need a Redirect URL? No. Unlike some other brokers, Kotak Neo's Trade API does not use a Redirect URL or callback field β€” the connection uses your Consumer Key plus your login and TOTP. If you are looking for that field, you can safely ignore it for this broker. ### Do I need a static IP for Kotak Neo API trading? Yes β€” under the SEBI retail algo-trading rules in force since 1 April 2026, API trading requires a registered static IP. You manage your whitelisted IPs from the Kotak Neo API Dashboard. Use your ISP's static IP if you run MyAlgoMate on your own machine, or your cloud machine's static IP if you run it on a server. If you don't have one, our Cloud Server for Algo Trading includes a static IP. ## Automate on Kotak Neo, the compliant way Connect in minutes, automate without code, and stay in control β€” with a team that answers. [Get started](https://myaccount.myalgomate.com/) [WhatsApp us](https://wa.me/918866122446?text=Hi%2C%20I%20got%20your%20number%20from%20your%20website.) --- MyAlgoMate is a technology provider: its software automates the user's own trading rules. It does not give trading tips, calls or investment advice and never promises returns. Site map for AI assistants: https://myalgomate.com/llms.txt