Last Updated - 2018-12-04
Rated 4/5 based on 8 customer reviews
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.
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.
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|Service Type||Full Service Broker||Discount Broker||Full Service Broker||Full Service Broker||Discount Broker|
|Brokerage||.05 to .5%||Rs 20||0.05 to .55%||0.1 to 0.5%||Rs 15|
|Account Type||3 in 1||2 in 1||3 in 1||2 in 1||2 in 1|
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.
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|Brokerage Plan||Online Trading Plan (Percentage Based)|
|Equity Delivery||0.5% or 50 paisa|
|Equity Intraday||0.05% or 5 paisa|
|Equity Futures||0.05% or 5 paisa|
|Equity Options||0.1% of Premium or Rs 100 per lot whichever is high|
|Currency Futures||Rs 23 per lot|
|Currency Options||Rs 20 per lot|
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.
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
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.
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.
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:
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 Mobile App.
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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 choose HDFC Securities or any other broker, leave your contact information with us and we will guide you.