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Rated 4/5 by Top Share Brokers Team
Zerodha Free Demat Account
With over 2 decades of experience, exceptionally great 24/7 customer services, and world-class research & advisory, HDFC Securities has topped the list of the best full-service brokers in India serving above 10 lakh customers. It is a one-stop shop for all your trading and investment requirements on the best trading platforms across web, mobile, and desktop terminal versions.
Launched 20 years back, HDFC Securities has positioned itself as the leading full-service broker in India with over 11 lakh active clients. It is a registered trading member of BSE, NSE, and MCX to facilitate online trading and investing in stocks, equity derivatives, commodities, currency, IPO, and mutual funds. It also allows investment in US stocks.
Indians and NRI customers can open an HDFC Securities trading & demat account online and integrate it with their HDFC Bank saving account (3-in-1 account) to allow feasible fund transfer. The broker only has a percentage-based brokerage model that charges a fixed percentage on the trade value. It means higher the value attracts high brokerage or vice-versa.
The full-service stockbroker provides multiple trading platforms to meet every trader’s and investor’s needs. It has a mobile trading app, ProTerminal desktop trading software, and a web platform. However, Digify is a dedicated mutual fund investment platform to invest in direct mutual funds.
It also has a dedicated research team who provides trading tips and recommendations through research calls and reports. It provides research and advisory services across equity, futures & options, currency derivatives, and mutual funds.
HDFC Securities provides 24/7 customer services through the customer care dealing desk, email, and Arya chat-bot. The broker has over 270 branches in 185 cities all over the country to serve offline branch customer support.
If we compare HDFC Securities Vs Zerodha - "India's largest broker", opening an account with HDFC Securities has several advantages such as an integrated 3-in-1 account opening services, Pro Terminal superfast desktop trading terminal for intraday traders, free access to comprehensive research across all asset classes, 24*7 customer care services, and strong offline branch network.
Read out a genuine HDFC Securities Review 2023 including brokerage charges, demat account opening process, margin, trading platforms, customer care number, and trading pros & cons.
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Brokerage and Commission Rated 3/5
HDFC Securities has a single volume-based brokerage structure that charges a fixed percentage of brokerage on trade placed across any segment. The broker charges a minimum brokerage fee of Rs. 25 per order subject to the maximum brokerage of 2.5% on trade value on equity intraday, delivery, and futures segment, however, the minimum brokerage on commodity futures is Rs. 20.
| 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) |
Here we are comparing HDFC Securities with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | HDFC Securities | 5paisa | Zerodha | Upstox | Paytm Money |
| Service Type | Full Service Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | .05 to .5% | Rs 20 | Rs 20 | Rs 20 | Rs 15 |
| Account Type | 3 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | 0.50% | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | 2.5% or Rs 15 whichever is lower |
| Equity Intraday | 0.05% | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower |
| Equity Futures | 0.05% | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.02% or Rs 15 whichever is lower |
| Equity Options | Higher of 0.1% of Premium or Rs 100 per lot | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 15 per order |
| Commodity | Rs. 20 per order, Options: Rs. 100 per lot | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | Rs 23 per lot | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | NA |
| Currency Options | Rs 20 per lot | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
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For complete brokerage charges and trading plans detail please visit HDFC Securities Brokerage Charges.
Please refer unique and accurate HDFC Securities Brokerage Calculator
The full-service stockbroker allows residents as well as NRI clients to trade across multiple ranges of financial products by opening an account with HDFC Securities. Check out the different types of accounts offered by HDFC Securities to its clients.
Being a part of a banking group, you can open a 3-in-1 account with HDFC Securities, an integrated Demat & Trading account along with an HDFC bank account. Automatic and hassle-free fund transfer from your bank account to HDFC Securities trading account is the unique feature of opening a 3-in-1 account. The all-in-1 investment account allows customers to trade-in equity, futures & options, commodity derivatives, currency derivatives, bonds, IPO, mutual funds, and ETF.
HDFC Securities facilitates NRI trading services, NRIs can open a 3-in-1 account (NRE or NRO Bank account + NRI Demat + NRI Trading A/c) with the broker. HDFC NRI Trading Account allows them to trade in stocks and equity futures & options segment. NRIs can also invest in IPO and mutual funds with NRI Trading & Demat account.
Open a free mutual fund account at nil charges on the HDFC Digify platform. Digify is a 100% digital and commission-free mutual fund investment platform to invest across 30+ different fund houses.
If you only looking to invest in mutual funds, then you should open an HDFC mutual fund account without opening an HDFC Securities Demat & Trading Account. However, if you also want to invest in other asset classes, then consider opening an all-in-1 investment account.
HDFC Securities allows investment in the US stock market by having a global investment account. The broker allows free global account opening service at no minimum investment. You can invest as low as $1 in your favorite US companies like Amazon, Tesla, Microsoft, Netflix, etc., or invest in an expert-managed portfolio.
Customers can either go through the online or offline (branch-based) manual account opening procedure to open a trading cum demat account with HDFC Securities. However, the digital account opening process is completely paperless and time-savvy, simple, and instant as it hardly takes 10 minutes to finish the process.
Zerodha No#1 Broker in India
Trading Platforms Rated 4.5/5
HDFC Securities brings you revolutionary online trading platforms to trade with ease across the website, mobile trading app, and advanced desktop trading terminal. Let’s go through a quick review of each trading platform offered by the broker.
Trade conveniently on the go with the Next-gen HDFC Securities mobile trading app. The all-new Android and iPhone share trading app is full of powerful features like real-time charts, technical charting, intraday charting from 1 min to 1-month timeframe, multiple watchlists, enhanced visual user interface, latest market updates, investment ideas, quick IPO apply, and access to daily research calls.
HDFC Securities has a state-of-the-art ProTerminal desktop trading software for privileged traders and analysts. The high-speed performance, accuracy, and reliability of the trading terminal enable traders to take real-time decisions using advanced features like sentiment analysis, market analysis, predictive data analysis, global market trends, news analysis, and more.
It is not a free platform for clients as a subscription fee is charged per year. The ProTerminal platform is now also available in the mobile trading app version on the Google Play store.
HDFC Securities has a trading website for all users to trade seamlessly in shares, derivatives, commodity, and currency segments. The powerful web-based trading platform is compatible to work on all browsers; Chrome, Safari, and Firefox.
Do you want to invest in mutual funds? If yes, invest in a quick, hassle-free, and 100% digital mutual fund investment platform with HDFC Securities Digify. The Digify platform has both direct and regular mutual fund plans. You can start SIP or invest lumpsum money in your choice of the mutual fund scheme over 30+ AMCs at zero brokerage charges.
Smallcase is a basket investing platform to invest in a diversified portfolio for the long term. There are many themes or ideas available, among which, users can choose a theme based on their perception of the future. As every smallcase (basket of several stocks) is created by experts and backed by solid research helps you to diversify your investment and lowers concentration risk.
For detail review of mobile app and download please visit HDFC Securities Trading Platform Review.
Great 24/7 customer service is an attractive feature to choose HDFC full-service brokerage house. The broker got you covered across all the customer care channels including online and offline.
Customers can access online services over email, a centralized dealing desk, and online assistance through chat. It also has an online Arya Chat-bot tool that provides automatic instant response to all customer queries. Offline customer care assistance is being offered over 270 branches in 185 cities.
Rated 4/5 by 96 users
Wrapping it up, the HDFC Securities Review evident it is one of the best full-service brokerage houses. Despite high brokerage charges, multiple diversified trading & investing products, margin trading, best-in-class online trading platforms (mobile app and ProTerminal), instantly responsive customer services, and accurate & reliable research services justify HDFC Securities' pricing model.
Last updated on: 2023-05-08
HDFC Securities for Beginners, HDFC Securities Stock Recommendations
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
You have to follow offline process to change bank details/address/e-mail id with HDFC Securities.
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.
HDFC Securities Limited is one of the leading full-time brokers of India and is a subsidiary of HDFC Bank. The broker started its operations in April 2000, and in beginning, it was a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited. But in 2006, HDFC bank bought the stakes of HDFC Limited and in 2008, it acquired the remaining stake from Indocean eSecurities. For now, it is a fully-owned subsidiary of HDFC Bank.
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HDFC Securities
Very poor employee competence
False promises
No commitment from the top bosses
Overall total washout
Spoiling group image
No wonder dismal performance from quarter to quarter
Ratings:
Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor