HDFC Securities Vs MDirect

Here we present 1 on 1 comparison of HDFC Securities Ltd vs MDirect share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared HDFC Securities vs MDirect's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare HDFC Securities Ltd vs MDirect - Broker type and exchange supported
  HDFC Securities Ltd Logo
HDFC Securities Ltd
MDirect Logo
MDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE BSE,NSE,MCX,NCDEX,MSEI
Broker Overview Runner up in the "Best e-brokerage House" category by Outlook Money, HDFC Securities offers both retail and institutional brokering with 250 branches and more than 1.5 million customers. HDFC securities also serves as a distributor of financial produ... Know more about HDFC Securities Ltd MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price.
Broker Enquiry Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare HDFC Securities Ltd vs MDirect - Trading and Demat Account Charges
  HDFC Securities Ltd MDirect
Trading Account Opening Fees What is this parameter? Rs 999(Trading+Demat) Rs 500
Trading AMC What is this parameter? Adjusted in Brokerage Nil
Demat Account Opening Fees What is this parameter? NIL Rs 200
Demat AMC What is this parameter? Rs 750(free for 1st year) RS 400/p.a - Waived for 1st year
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare HDFC Securities Ltd vs MDirect - Plan Options
  HDFC Securities Ltd MDirect
Monthly Plans What is this parameter? No No
Yearly Plans What is this parameter? No No
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Contact Broker / Request A Call Back

  HDFC Securities Ltd MDirect
Contact / Request Call Back
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Brokerage Charges

Compare HDFC Securities Ltd vs MDirect - Brokerage Charges
  HDFC Securities Ltd MDirect
Plan Name What is this parameter? Online Trading Rs 18 Per Trader Plan
Plan Description What is this parameter? HDFC Securities have % base brokerage plan, where Minimum brokerage is fix @Rs25 Per Order. They are second best in Currency derivatives plan. Equity Intraday & Option prices are on higher range and Equity Delivery & Future trading is on average brokerage level with compare to other full service brokers. Flat Rs 18 Per Trader Plan.
Equity Delivery What is this parameter? 0.50% Rs 18 per executed order
Equity Intraday What is this parameter? 0.05% Rs 18 or 0.01 % whichever is lower
Equity Futures What is this parameter? 0.05% Rs 18 per executed order
Equity Options What is this parameter? Rs.100 OR .1% Whichever is higher Rs 18 per executed order
Currency Futures What is this parameter? 0.05% Rs 18 per executed order
Currency Options What is this parameter? Rs.100 OR .1% Whichever is higher Rs 18 per executed order
Commodity Trading What is this parameter? NA Rs 18 per executed order
Minimum Brokerage What is this parameter? Rs 25
Brokerage Calculator Brokerage Calculator for hdfc-securities Brokerage Calculator for mdirect
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Share Broker's Transaction/Turnover Charges

Compare HDFC Securities Ltd vs MDirect - Transaction/Turnover Charges
  HDFC Securities Ltd MDirect
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Futures What is this parameter? Rs 190 Per Cr Rs 350 Per Cr
Equity Options What is this parameter? Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures What is this parameter? Rs 110 Per Cr Rs 215 Per Cr
Currency Options What is this parameter? Rs 4000 Per Cr Rs 7000 Per Cr
Commodity What is this parameter?
Brokerage Charges Complete Brokerage Plans for hdfc-securities Complete Brokerage Plans for mdirect
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Trading Features

Compare HDFC Securities Ltd vs MDirect - Trading Feature and platform
  HDFC Securities Ltd MDirect
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? No No
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No No
Intraday Square-off Time What is this parameter? 3:15 pm 3:15 pm
NRI Trading What is this parameter? Yes No
Other Features What is this parameter?
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Trading Platform

Compare HDFC Securities Ltd vs MDirect - Trading Platform
  HDFC Securities Ltd MDirect
Desktop Trading Platform What is this parameter? Blink Nest Plus
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? No Yes
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? https://trade.hdfcsec.com/ Mdirect Nest Plus
Mobile Site What is this parameter? Yes Yes
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? HDFC securities MobileTrading Mdirect
Android Mobile App What is this parameter? Yes Yes
iPhone Mobile App (IOS) What is this parameter? No Yes
Android Tablet App What is this parameter? Yes Yes
iPad App (IOS) What is this parameter? No Yes
Detail Detail on Trading Platforms for hdfc-securities Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare HDFC Securities Ltd vs MDirect - Rating
  HDFC Securities Ltd MDirect
  87 Customer Reviews    Rate HDFC Securities Customer Reviews    Rate MDirect
Fees Ratings 2.4
Trading Brokerage Rating 2.2
Trading Platform Usability 3.0
Customer Service Ratings 2.9
Overall Ratings Rated 2.5 stars
Broker Rating HDFC Securities is Rated 2.5 / 5 based on 87 customer reviews
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Investment Services

Compare HDFC Securities Ltd vs MDirect - Investment Options
  HDFC Securities Ltd MDirect
Equity Cash and F&O What is this parameter? Yes Yes
Currency Deravitives What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Online IPO Application What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
ETF What is this parameter? Yes Yes
Banking What is this parameter? Yes No
Insurance What is this parameter? Yes No
Forex What is this parameter? No No
SIP Investment What is this parameter? Yes No
Other Investment Options What is this parameter? Insurance NA
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Customer Service Offered

Compare HDFC Securities Ltd vs MDirect - Customer Service Offerance
  HDFC Securities Ltd MDirect
24/7 Customer Service What is this parameter? No Yes
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? Yes Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No Yes
Through Branches What is this parameter? Yes No
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Tips/Research/Reports Published

Compare HDFC Securities Ltd vs MDirect - Research, Tips Reports
  HDFC Securities Ltd MDirect
Research Mutual Funds What is this parameter? Yes No
Research Equity Reports What is this parameter? Yes Yes
Research ETF What is this parameter? Yes No
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Demat Account

Compare HDFC Securities Ltd vs MDirect - Demat Account
  HDFC Securities Ltd MDirect
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) For Non BSDA Individual a/c :- Rs.750/- p.a For BSDA Individual a/c :-Nil charges in case holding value 0 to 50,000/- Rs 100/- p.a in case holding value between 50,001 to 2,00,000/- Rs 750/- per annum in case holding value more than 2,00,000/- For Corporate a/c:- Rs.1,500/- p.a
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Stamp duty -Nil
Transaction Charges on Debit (Per ISIN) a)0.04% of the value of txn subj to min Rs.20/-per txn done by EASIEST.For BSDA a/c-It is 0.06%, Min Rs. 40/- b)0.04% of the value of txn subj to Min Rs.25/-per txn done by HDFC secu.For BSDA a/c-It is 0.06%, Min Rs 45/- c)0.04% of the value of txn subj to Min Rs.40/-per txn undertaken by Manual txn.For BSDA a/c-It is 0.06%,Min Rs. 60/- d)For Debt txn 0.04% of the value of txn subj to Min Rs.40/-& Max Rs 5,000/-per txn.For BSDA a/c-It is 0.06%, Min Rs. 60/-& Max Rs 5,000/- (e) If instruction is submitted on the date of execution then 0.25% of the value of txn subj to Min Rs. 25/-per txn
Demat Rs. 5/- per certificate + Rs.35/- per Dematerialisation request submitted
Remat Rs. 30/-per request + CDSL actuals
Pledge Creation NIL
Pledge Creation Confirmation (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06%, of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank
Pledge Closure NIL
Pledge Closure Confirmation (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank
Pledge Invocation (a) 0.04% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked to other than HDFC Bank. For BSDA a/c- 0.06% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked to other than HDFC Bank (b) 0.02% of the value of the txn subject to min of Rs. 40/- per txn, if the pledge is marked in favour of HDFC Bank. For BSDA a/c- 0.04% of the value of the txn subject to min of Rs. 60/- per txn, if the pledge is marked in favour of HDFC Bank (delivery / receipt)
Failed Instruction Charges NIL
Other Charges (a)Mailing charges for non-periodic statements & other communication, Rs. 35/- for inland & Rs. 500/- for foreign address. (b) Rs. 250/- for restoring services if account is suspended for non payment of charges (c) Reissuance of Delivery Instruction Booklet(DIB) - Rs 75/- per Booklet d )Settlement Charges:Rs.250/- p.m for CM Principle account & Unified Settlement account & Rs 500/- p.m for CM Settlement account.

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Special Offers,Advantages,Disadvantages

Compare HDFC Securities Ltd vs MDirect - Special Offers and Promotion
  HDFC Securities Ltd MDirect
Likes
  • Unique integrated 3 in 1 account.
  • ENCASH Service where u get sell script amount on same day.
  • Training and education.
  • Portfolio tracker and live market watch.
  • Offers NRI account.

More Advantages...

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

More Advantages...

Dislikes
  • Doesn't offer trading in commodity.
  • Having a saving account with HDFC is must.
  • Minimum brokerage charges.
  • Desktop Terminal "BLINK" is paid service.
  • Paid SMS research call.

More Disadvantages...

  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

More Disadvantages...

Special Offers/Promo
Enquire about HDFC Securities Enquire about MDirect

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



Sub brokers by name

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