HDFC Securities Review 2019

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

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HDFC Securities, a subsidiary of HDFC Bank Limited was incorporated in year 2000.The stock broking company provides brokerage services in the capital markets in India. It provides an online real-time platform to trade in equities, IPO's, mutual funds, futures and options and currency derivatives,national pension system, NRI offerings, insurance, and fixed deposits and bonds.The company also offers home loans, personal loans, auto loans, as well as loans against securities.

HDFC Securities is one of the largest broker in India, having 250 branches in 185 cities across the country and with over 20 lakh customers currently. HDFC Securities had established itself as a 'Preferred' trading platform for both NSE and BSE.

The firm has introduced an online relationship manager platform that offers information on investment options and portfolio tracking, along with real-time call or chat support.

3 in 1 account which is HDFC Bank Saving Account, HDFC Securities Demat Account and HDFC Securities Trading Account comes handy for safe, secure, seamless & convenient experience of trading.

HDFC Bank Demat Account is a well known DP in the country with over 1.7 million customers and a wide distribution of network of more than 2,400 Demat servicing branches.

Review Summary

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 products.


Benefits

  1. Integrated 3 in 1 account for seamless,secure and convenient trading.
  2. Next Generation Trading & Investments Platform for better, faster and simpler trading experience.
  3. Terminal based platform BLINK for placing stock orders at lightning fast speed.
  4. Facility to trade in Equities, IPO's, Mutual Funds, F&O and Currency derivatives.
  5. Add on services like relationship manager, tips & recommendations,technical research, training and education.
  6. Free Call and Trade

Considerations

  • 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.

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 No 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

As far as regular commission rates, HDFC Securities plan of .50% for equity delivery is average in the Industry when compared to its closest full service brokers with sharekhan offering .50%, Indiabulls securities at .30%, SBI Securities at .50%. and lower than ICICI securities .55%.

Intraday trade runs at .10% which is quite high as compared to Geojit,Ventura,Reliance charges .03%,.03%,.04% respectively and slightly lower from its competitors ICICIDirect (.28%) and equal to Sharekhan's(.10%)

For Equity Future, HDFC securities is charging .05% which is again falling in average range from its competitors where ICICI(.05 to .03% -Average),Sharekhan(.1% - higher), Reliance(.04% Lower), Geojit(0.03% Lower).

For Equity Options, HDFC securities is charging Rs 100 per lot which is falling in higher range bucket when we are doing comparison with full service brokers,its competitors where ICICI(Rs 95-35 Per lot),Sharekhan(Rs 100 Per lot or 2.5% whichever is higher) on higher level and Reliance Securities (40 Rs Per Lot) and Ventura(RS 50 Per Lot) on lower side in industry.

Currency Future and options - HDFC securities is offering second lowest in full service brokers with Rs 23 Per contract, where Geojit is offering between 10 to 15 Rs as lowest.

In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a HDFC savings bank account and HDFC Demat account.

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 10 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 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% 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 10 0.01% 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Rs 23 per lot 0.1% or 10 paisa Flat Fee Rs 10 0.01% 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 10 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?

With HDFC Securities, you can take a position for T+30 days under "e-Margin" facility. You can avail 3 times margin for specific scripts. This funding is maximum for T+30 days and after that your poition will be square off automatically or you need to convert to delivery. 18% PA interest charged on borrowed money via HDFC Securities. Only Equity scripts are allowed via eMargin fundng, F&O Order are not allowed. E-Margin can be taken with shares as collatera.Short Sell is not allowed under E-Margin facility.

HDFC Securities SPAN Margin Calculator

The SPAN Margin calculator available for free to calculate you margin upfront. This tool allow you to calculate comprehensive margin requirements for option writing/shorting or for multi-leg F&O strategies while trading equity, F&O, commodity and currency before doing a trade. This tool is available for both registered user and non registered users.

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

For Online Stock Trading with HDFC, investor needs to open 3 accounts...HDFC Bank Account, HDFC Trading Account and HDFC Demat Account.

Opening trading account with HDFC is easy. You could use one of the following options to open account with HDFC.

  • Visit hdfcsec.com and fill the "Open Trading A/C" form.
  • Call HDFC and tell them that you are interested in opening an account with them.

In both the cases HDFC representative contact you in a day or two and tell you about the procedure to open the account. They usually send somebody to your home to collect documents, signature and for demo if required.

Document Required to open account with HDFCsec
Any Indian resident/non resident individual NRI (except for the US NRIs) or an Indian Corporate can register with HDFCsec. Following documents are required to open accouunt with HDFCsec.

  1. One passport size photograph.
  2. Copy of PAN card.
  3. Identity proof - copy of passport or PAN card or voter ID or driving license or ration card.
  4. Address proof - copy of driving license or passport or ration card or voter card or telephone bill or electricity bill or bank statement.

Contact HDFC Securities

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Alternatives to HDFC Securities

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HDFC Securities Trading Platform and Tools

Trading Platforms Rated 4.5/5

    HDFC Securities launched a Next Generation Trading & Investments Platform which allows customers to complete transactions 40% faster. It comes with features like- Advanced Portfolio tracker, Research Assist Watchlist, Customized stock alerts.

    HDFC Securities facilitates you to trade using internet, tele-call, branches or through mobile trading apps (for Android, iPhone, iPad).

    Web Based Trading: Hdfcsec.com is the secure online trading portal of HDFC Securities.

    Terminal Based Trading: LITE INTERNET TRADING SITE (LITS) and BLINK are the terminal based trading app that can be download on your desktop. Key Features of BLINK are:

    • Fast Buy/Sell Order entry
    • You can monitor real time price movement.
    • Customized Trading platform to assist investment decision
    • Monitor transaction - Order Book, Trade Book, Net Position.
    • Short keys for functions like Buy, Sell, Order Book, etc.
    • Single Screen to place order in Equity and F&O

    Mobile based Trading: HDFC Securities offers downloadable Mobile Trading App for free on Android, i-Phone, i-Pad or Blackberry, and also Multilingual Mobile Trading App for Android phone. Customer can Trade in Equities & Derivatives, Get Stock Quotes, Create Multiple Personalized Market watch, Get Research Calls (Technical/ Fundamental), Place off-market orders, Track Market Movements and much more using the app.

    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 90 users

HDFC securities is well known with professional traders for its comprehensive online trading portal offerings. If you are looking for a broker that can provide you with regularly published stock research reports and buy/sell recommendations, quality customer service then HDFC Securities would be right fit for you. But if you are a trader looking for cheap brokerage,than you may think about moving to discount brokers for your trading needs.

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 2019-07-09


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HDFC Securities Ltd User Reviews

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
avatar
9. Debendra 10/18/2017 11:29:00 PM Reply
Is there any extra price, for placing cover order or bracket order?
avatar
8. lancelot 8/18/2017 10:30:57 PM Reply
Using slower outdated systems, too many clients handled by one representative, system hangups during needs, ego and adament behavier of representatives, their bosses, customer service representatives.

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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