HDFC Securities Review

Rated 4/5 by Top Share Brokers Team
HDFC Securities Ltd Review

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Incorporated in 2000, HDFC Securities Ltd, a subsidiary of leading private sector HDFC Bank is a Mumbai-based full-service stockbroker. Being a registered member of BSE, NSE, IRDA, PFRDA, AMFI, and MCX, the product basket of the broker is huge including equity, derivatives, fixed deposits, mutual funds, insurance, IPOs, bonds, currency derivatives, NCDs, ETF, and NPS. Trading and investing can be done across different products via multiple trading platforms such as mobile app, web, telephonic and offline means through branches. It further offers various loans such as home loans, personal loans, auto loans, education loan and loans against security. Being a full-service broker, HDFC Sec also has a research team that provides extensive and unbiased research that assists clients to make informed investment decisions. Here, you can check the complete HDFC Securities review about its products & services, brokerage, account types, trading platforms, and others.

As the parent company of the broker offers banking services, therefore, you can avail of the 3-in-1 account facility that integrates; HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account that offers you seamless trading experience. It is one of the leading depository participants with both the CDSL and NSDL with above 2.03 million demat accounts with a widespread distribution network of 3500+ demat service branches.

The broker has 270+ branches in 185 cities across the country from where it caters to various investment needs of diversified customer base including both retail and institutional investors. With the continuously growing effort, HDFC Securities Ltd has won many awards such as India’s Most Attractive Brands Award, India’s Most Ethical Company, Winner of Digital Excellence in insurance and financial services, Digital Industry Awards and others.

Review Summary

One of the largest full-service brokers in India with a client base of above 20 lakh customers, including both retail and institutional clients. It offers a 3-in-1 account integrating HDFC Securities demat account, HDFC Securities trading account, and HDFC bank account and also provides a free mutual fund account.


Benefits

  • Huge product portfolio: It is a one-stop destination to trade & investment across multiple asset classes such as equity, currency, commodity derivative, F&O, mutual funds, IPO, insurance, NPS, NCDs, bonds, fixed deposits, and others.
  • 3-in-1 account: The facility brings together your HDFC bank account, HDFC Securities Demat account, and HDFC Securities trading account.
  • Widespread network: It is one of the largest brokers with 270+ branches in 185 cities across the country.
  • Robust trading platforms: It offers the real-time online trading platform, you can trade & invest using any online platform such as a mobile app or web trading terminal.
  • Free call n trade: Its centralized dealing desk offers a one-stop solution for all your trading and investment requirements with free call & trade services.
  • World-class research: Its research team offers extensive unbiased research on the market and stock fundamentals & technical.
  • Loans: You can get different kinds of loans such as home loans, auto loans, personal loans, education loan and loans against securities.
  • Hassle-free online investment in mutual funds with HDFC Digify.
  • HDFC Sec provides free trading & investment ideas which users can use to benefit themselves.
  • Enjoy voice-enabled services with Arya to trade & invest in equity and mutual funds.
  • It also offers NRI trading & investment services.

Considerations

  • To avail of a 3-in-1 facility with HDFC Sec, you must have HDFC bank saving account.
  • SMS facility with SMS Insta is a paid trading facility.
  • Trading terminal BLINK is also a chargeable service.
  • High account opening fees.

Special Offer

Get HDFC Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.

Simply leave your contact information with us and HDFC Securities representatives will contact you.

Request call back from HDFC Securities

HDFC Securities Investment Options Compare

Here we are comparing HDFC Securities with its 5 close competitors on investment options.

Broker HDFC Securities Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking Yes No No No No
Insurance Yes Yes Yes No No

HDFC Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

HDFC Securities Account Opening Charges

      »»  Trading Account Opening Charges: Rs 999
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 750 PA (Waived for 1st year)

HDFC Securities Brokerage

  • Equity Delivery

    HDFC Sec equity delivery brokerage charge of 0.50% is in line with the industry because direct competitors like Sharekhan, SBI Securities, Motilal Oswal, and Kotak Securities are also charging the same brokerage, but ICICI Direct brokerage charges are slightly higher at 0.55%. Thus, it can be evident that HDFC Securities charges competitive brokerage.

  • Intraday delivery

    The broking house offers intraday trading at 0.05%% brokerage equal to Sharekhan and Motilal Oswal charges and SBI cap but considerably greater Geojit (0.03%), Venture (0.03%) and Reliance (0.04%). However, one of the top brokers, ICICI Direct charges a very high brokerage of 0.275%. Based on key figures, it’s clear that HDFC Sec intraday delivery charges are comparatively high.

  • Equity futures

    HDFC Securities broker charges 0.05% on equity futures that are equivalent to SBI Cap (0.05%), ICICI Direct (0.03%-0.05%), Motilal Oswal (0.05%) but substantially lower than Sharekhan’s offering at 0.10% brokerage. Thus, it can be said that HDFC Securities charges are in line with the industry average.

  • Equity options

    HDFC Securities charges Rs. 100 each lot equivalent to SBI Cap but twice to that of Sharekhan and Ventura with charges of Rs. 50 per lot. Other competitors like ICICI Direct and Reliance Securities charges comparatively low brokerage at Rs. 95 – Rs. 35/lot and Rs. 40 per lot. Thus, HDFC Sec equity options brokerage charges look very high.

  • Currency futures

    HDFC Currency futures charges are Rs. 23/per contract and currency options charges is Rs. 20 per contract looks highly competitive to SBI Cap (Rs. 30/lot), ICICI Direct (Rs. 25 – Rs.10/lot), Motilal (Rs. 20) and Sharekhan (Rs. 30/lot).

  • Commodity Derivatives

    HDFC Securities Ltd offers commodity derivatives trading at Rs. 20/per order which is equivalent to one of the best commodity brokers, Zerodha charging at Rs. 20 each executed order.

Benefits

  • Competitive brokerage charges in equity delivery, equity futures, currency futures, and commodity trading segment.
  • Moving fund from your trading account to saving account and vice-versa is just on single click.

Considerations

  • Brokerage charges in intraday delivery charges and equity options segment are very high.

Other Charges

  • HDFC Securities charge Minimum Brokerage per order as Rs 25/- or ceiling of 2.5% on transaction value.

For complete brokerage charges and trading plans detail please visit HDFC Securities Brokerage Charges.

HDFC Securities with closest competitors

Here we are comparing HDFC Securities with its 5 close competitors, who are currently market leader in brokerage industry.

Broker HDFC Securities Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .05 to .5% 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options 0.1% of Premium or Rs 100 per lot whichever is high 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Rs. 20 per order 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Rs 23 per lot 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 20 per lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate HDFC Securities Brokerage Calculator


HDFC Securities Ltd Margin Details

HDFC Securities margin/exposures/leverage for MIS orders

  1. HDFC Securities exposure for intraday trading - HDFC Securities offers up to 3 times exposure or leverage for stocks on which F&O trading is allowed. Margins are provided only for intraday trading.
  2. HDFC Securities exposure for trading in equity and indux futures - HDFC Securities offers up to 3 times.
  3. HDFC Securities margin for Options - No Margin for Options Buy and Sell.
  4. HDFC Securities exposure for currency futures - HDFC Securities offers 60% of NRML margin.

HDFC Securities margin/exposures/leverage for CO/BO orders

  1. HDFC Securities exposure for CO in Equity - HDFC Securities offers up to 10 times exposure or leverage for stocks on which F&O trading is allowed. Margins are provided only for Intraday trading.
  2. HDFC Securities exposure for CO for Futures - Extra margin compare to NRML and MIS order

HDFC Securities Exposures for CNC or NRML orders

  1. HDFC Securities don't offer any margin for CNC(Cash & Carry) orders.
  2. HDFC Securities margin for the F&O overnight position - as per exchange stipulated margins

What type of Margin Funding provided by HDFC Securities?

HDFC Securities provide margin trading for T+275 days under the “E-margin” facility. The broker provides a 4x margin and allows you to buy stocks today and pay up to T+275 days. Earlier 31st December 2019, the margin was available for T+180 days but from 1st January 2020, the broker has revised the duration with 275 days. Thus, now customers can avail of extra buying power with an extended margin period. The margin is available only on the equity scrip. On the outstanding amount, a nominal delayed interest charge of 0.05% each day, until your position is settled will be levied.

HDFC Securities SPAN Margin Calculator

The SPAN Margin calculator is a useful tool for registered as well as non-registered users to calculate margin requirement for option writing or shorting, multi-leg F&O strategies, trade in equities, commodities, and currency.

To calculate your margin up front please refer our dynamic span margin calculator - HDFC Securities SPAN Margin Calculator


Open Trading and Demat Account with HDFC Securities Ltd

An Indian resident as well as NRI (except US and Canada based NRIs) can open an account with HDFC sec. If you want to trade with HDFC securities then you must have 3 accounts; HDFC Securities Trading Account, HDFC Securities Demat Account and HDFC Bank account. The type of accounts offered by the broker are listed below:

  • HDFC Securities Demat Account

    Being a registered CDSL and NSDL DP, it offers HDFC Securities Demat account to keep securities in dematerialized or electronic format. It does not charge any demat account opening fee means one can open a free demat account with HDFC Securities but HDFC demat AMC charges worth Rs. 750 needs to be paid from the second year onwards.

  • HDFC Securities Trading Account

    HDFC trading account allows you to trade in multiple assets such as equity, currency, commodity, F&O and other asset classes. The broker doesn’t charge any trading account AMC but account opening fee worth Rs. 999 needs to be paid.

  • HDFC Securities Mutual Fund Account

    Being a registered mutual fund distributor, HDFC Sec facilitates you to invest in mutual funds. You can open free mutual fund account with HDFC Securities on Digify and invest in a plethora of schemes via different modes whether SIP, lumpsum, STP or SWP. It also has MF return calculator, SIP calculator and SIP Reckoner that helps you to select the right fund.

  • HDFC NRI Account

    NRI (except US and Canada based NRIs) can open trading account with HDFC Securities. The broker provides 3-in-1 account opening facilities to NRI wherein they can open NRI trading account, NRI demat account, and NRI bank account.

  • HDFC Commodity Account

    HDFC Securities is a registered member of commodity exchange, MCX. The broker offers you commodity account to trade in commodities. The facility is available across multiple trading platforms including web-based trading platform, mobile application, and others.

  • To check the complete review of HDFC Securities products & services, Click here

Contact HDFC Securities

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Email   State 
City    NRI Form ⇒

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HDFC Securities Trading Platform and Tools

Trading Platforms Rated 4.5/5

    HDFC Securities offers multiple trading platforms such as telephone, branches, web-based, trading terminal, and mobile app.

    1. Web-based trading

      www.hdfcsec.com is the secure web-based online trading platform of HDFC securities. The browser-based portal can be accessed anywhere using a desktop, mobile or laptop. You can enjoy multiple features such as market watch lists, advanced interactive charts, research reports, news, market tips, and others.

    2. HDFC Securities Mobile Trading

      HDFC Securities mobile app is one of the best trading application that facilitates you to trade & invest across equity and derivatives. The app comes with a number of tools and features such as real-time market data, ease of trade, portfolio tracking & monitoring, live market news, daily research calls, timely notifications etc. You can download the HDFC Securities app on an android device via Google play store and iPhone via the app store.

    3. Digify

      Digify is a hassle-free online mutual fund investment platform by HDFC Securities Ltd. To invest in mutual funds with Digify, you don’t need to have demat and trading account with HDFC sec. You can open Digify account at zero account opening charges. HDFC has tie-up with 30+ leading asset management companies and offers you various investment options such as SIP, lumpsum or one-time investment, STP or SWP.

    4. BLINK (HDFC Securities trading terminal)

      HDFC Securities BLINK is a desktop-based trading terminal that offers you multiple features i.e. customized trading platform, real-time monitoring, the single user interface to place equity and F&O orders, advanced charting, real-time market quotes, buy and sell shortcuts and others. Although undoubtedly, it offers you an immense range of services however, the biggest downfall is unlike competitors that offer free terminal, BLINK is a chargeable and paid platform.

    5. HDFC Securities ProTerminal

      It is a platform for researchers, analysts and traders to examine historical and present market trends that will help you to project future trends or direction. The platform presents ready available information or real-time information that clients can use to make informed trading & investment decisions. Settlement analysis, predictive data analysis, market analysis, news analysis, and global market trends are the key features of ProTerminal. However, the key disadvantage is you have to pay a subscription fee to get access to ProTerminal.

    Benefits

    • Easy to use and extremely convenient trading platforms.
    • Comprehensive market data with complete information.
    • It facilitates users to examine the prevailing market trends and make sound investment decisions.
    • Latest market information, exchange announcements, and stock results.
    • Real-time 360o market coverage
    • Advanced features such as powerful charting, portfolio tracker, watchlist, stock alert, research, trading tips etc.
    • Clients can also anticipate the market direction with the enrich data available on ProTerminal.

    Considerations

    • Trading platforms such as BLINK and ProTerminal are paid platforms.

    For detail review of mobile app and download please visit HDFC Securities Trading Platform Review.

HDFC Securities Trading Platform Compare

Here we are comparing HDFC Securities with its 5 close competitors on Trading Platform.

Broker HDFC Securities Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) No Yes Yes Yes No
iPad App No Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about HDFC Securities

Rated 4/5 by 92 users

Summing up the review, it can be strongly evident that HDFC Securities Ltd is a full-service broker offering trading & investment in equity, F&O, currency, commodity, ETF, mutual fund, insurance, NCDs, NPS, fixed deposits and others. Thus, users can invest in multiple asset classes with HDFC Securities. On most of the fronts, HDFC Securities brokerage charges look highly competitive and as per industry average. Talking about its trading platforms, likewise, others, although it offers all kinds of platforms like a mobile app, trading terminal, web-based trading platform, and others but the biggest setback for clients is trading terminal BLINK and ProTerminal are paid platforms so not for everyone.

If you like what you have read and want to open an trading and demat account with HDFC Securities, leave your contact information with us and we will guide you.

Last updated on 2020-05-27


HDFC Securities FAQs

  1. 1. How to connect with HDFC Securities customer care?

    You can connect with HDFC Securities customer care number at 39019400 prefix with the local code. You can also connect with the customer service representative through e-mail at [email protected] or [email protected]

    To get the state-wise list of HDFC securities customer care number, Click here

    Discuss this question

  2. 2. How to change Bank details/address/email id with HDFC Securities?

    You have to follow offline process to change bank details/address/e-mail id with HDFC Securities.

    • Visit HDFC Securities website.
    • Download the relevant account modification form.
    • Fill it and submit the form along with the required document to the broker.

    Discuss this question

  3. 3. Does HDFC Securities offer free call n trade facilities?

    Yes, HDFC Securities offers free call n trade services to clients. In this facility, clients can call HDFC Sec centralized dealing desk and speak to customer service representatives to place buy or sell orders in equity, commodity, F&O, and other segment.

    Discuss this question

Compare 3 Brokers

Compare HDFC Securities

Find out how HDFC Securities stacks up against other brokers

HDFC Securities Ltd User Reviews

avatar
19. chandrakant g patel 2/22/2020 7:10:07 AM Reply
brokerage charges

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Average
avatar
18. ram 2/20/2020 3:32:44 AM Reply
VERY WORST CUSTOMER SERVICE, THEY WILL CHARGE SOME HIDDEN CHARGES ALSO.IF WE CONTACT THEM THEY WILL SAY THESE ARE NOT RELATED TO DEMAT ACCOUNT, THEY ARE RELATED TO BANK. WHEN WE CONTACT BANK THEY ARE SAYING ITS RELATED TO DEMAT. I WOULD SAY THEY ARE CHEATING CUSTOMERS

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
17. punith 8/16/2019 11:26:54 AM Reply
opaque system
poor tools
very high brokerage

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Average
Overall Experience - Below Average
avatar
16. ACHOWDHURY 5/15/2019 11:53:23 AM Reply
Strongly feel that there are frauds happening in HDFC Securities with public money !

In 2017 when Nifty was 9800 then HDFC Prudence Fund NAV was 31.95
In 2019 when Nifty is 11200 then the same fund which is switched to HDFC Balance advantage Fund, NAV is 27.30 !!!


How is this possible unless there is some fraud !!!
avatar
15. Prashant Devara 12/16/2018 12:51:27 PM Reply
Brokerage Charges is too much and hidden charges also

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
14. venkat 12/12/2018 8:26:40 PM Reply
greedy people, the software doesnt perform, not fast enough, still they want to be paid for it. very bad

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
13. Manoj 11/19/2018 3:05:36 PM Reply
If I buy 1 share for 100rs and i sold 101rs, I earn 1 rupee profit. In this case how much u charged brokerage fee and taxes?
avatar
12. Farhan 5/9/2018 7:07:40 PM Reply
It is a worst ever brokrage firm. You will not have support after opening account. Dealing with HDFC security is like a hell. personally I will not recommonded anyone.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
11. Prem 4/20/2018 4:39:42 PM Reply
Poor and pathetic services, never go for it

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
10. Tejender singh 1/28/2018 7:24:35 PM Reply
Poor and pathetic services, never go for it

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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