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HDFC Securities Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 8-Aug-2022
HDFC Securities Ltd Review
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  • HDFC Securities Review 2022 - Quick Summary

    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.


    Rated 4 stars

    HDFC Securities Top Highlight for 2022

    • All in one broker offering all types of trading & investing products.
    • Open an instant 3-in-1 account (Demat + Trading + HDFC Bank A/c) at no paperwork.
    • Free Demat Account at zero charges.
    • Free Digify mutual fund investment platform.
    • Advanced share market trading app to trade at your convenience.
    • Powerful ProTerminal platform for Traders with real-time analysis.
    • World-class research and advisory across all asset classes.
    • 24/7 customer support service.
    • 270+ branches across the country to provide offline services.

    About HDFC Securities

    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 2022 including brokerage charges, demat account opening process, margin, trading platforms, customer care number, and trading pros & cons.

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    • Free Delivery Trading
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    HDFC Securities Brokerage Plan, Fees and Charges

    Rated 3 stars 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.

    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 Plan 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 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
    Rating
    Rated 4 stars
    Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

    Other Charges

    • Call & Trade Charges: Free
    • RMS Auto Square Off Charges: Free
    • Hidden Charges: Yes

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

    Please refer unique and accurate HDFC Securities Brokerage Calculator


    Type of Account offered by HDFC Securities

    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.

    HDFC Securities 3-in-1 Account [Demat + Trading + Bank A/c]

      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 NRI 3-in-1 account

      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.

    HDFC Securities Mutual Fund 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 Global 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.


    How to open HDFC Securities Account online?

    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.

    Steps to open HDFC Securities Demat Account online;

    1. Head to HDFC Securities website.
    2. On the top menu bar, click on the “Open Trading Account”. Zerodha No#1 Broker, Sign Up Now!
    3. Enter your mobile number and enter the OTP to verify it.
    4. Now, enter your email address and again verify with OTP.
    5. Verify PAN Card details by entering PAN number, and Date of birth (DOB).
    6. Confirm your identity on your PAN number to proceed.
    7. Now, verify bank account details by entering either IFSC or bank name, and location.
    8. Complete KYC KRA verification by submitting required documents.
    9. Finish the e-sign process using aadhaar details.
    10. The process is done and after details verification, you will get the login credentials on your registered email address.
  • Free Demat Account
  • 100% Free Delivery Trade
  • Online Account Opening
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    HDFC Securities Mobile App and Trading Platforms

    Rated 4.5 stars 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.

    HDFC Securities Mobile App

      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 ProTerminal

      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 Web Trading Platform

      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.

    HDFC Securities Digify

      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.

    HDFC Securities Smallcase

      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.


    HDFC Securities Trading Pros

    • Invest across all types of asset classes on BSE, NSE, and MCX.
    • Free web and mobile app-based trading platforms.
    • Ultra-speed and feature-rich ProTerminal platform.
    • Brokerage-free mutual fund investment.
    • Voice-enabled investing with Arya Intelligent Chatbot.
    • Advanced portfolio tracking.
    • Quick payout upto Rs. 5 Lac with Encash facility.
    • Free call & trade
    • Apply for IPOs online in just 3 clicks.
    • Start StockSIP.
    • Invest in shares of US-based companies.
    • Smallcase, a thematic investing platform.
    • Get access to HDFC research for
    • Place advance orders like bracket order, cover order, and Good Till Date (GTD) order.
    • Margin trading facility.

    HDFC Securities Trading Cons

    • Minimum brokerage fee of Rs. 25 per trade, subject to a maximum 2.5% ceiling on trade value.
    • High brokerage charges.
    • High Demat maintenance charges.
    • ProTerminal is a paid platform that charges a subscription fee every year.

    HDFC Securities Customer Care info

    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.


    Final thought about HDFC Securities

    Rated 4 stars 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.

    Request call back from Zerodha

    Last updated on: 2022-08-08

    HDFC Securities FAQs

    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.

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

     

    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.

     

    Compare HDFC Securities

    Find out how HDFC Securities stacks up against other brokers
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    HDFC Securities Ltd User Reviews

    avatar
    23. NIKHIL GALA May 19 2022 04:38:04 AM Reply
    NICE

    Ratings:

    Brokerage - Average
    Account Maintenance Fees - Average
    Website Usability - Excellent
    Customer Service - Above Average
    Overall Experience - Excellent
    avatar
    22. ARUL PA Sep 24 2021 01:05:19 AM Reply
    high broerage, zero support

    Ratings:

    Brokerage - Very Poor
    Account Maintenance Fees - Very Poor
    Website Usability - Average
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    21. Namit Sinha Aug 16 2021 04:24:25 AM Reply
    The amount of brokerage is too high and the platform is very poor compared to its competitors. And here and there you will have issues where the amount is not credited back to account even after many days and you have to call them to get it back.

    Ratings:

    Brokerage - Very Poor
    Account Maintenance Fees - Above Average
    Website Usability - Very Poor
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    20. Multan Singh Sep 04 2020 02:52:43 AM Reply
    I dislike its services, hidden charges, no response on query, approximately 33% they grab from client which is very huge

    Ratings:

    Brokerage - Very Poor
    Account Maintenance Fees - Very Poor
    Website Usability - Below Average
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    19. chandrakant g patel Feb 22 2020 07:10:07 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 Feb 20 2020 03:32:44 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 Aug 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 May 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 Dec 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 Dec 12 2018 08:26:40 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