Compare stock brokers
Prabhudas Lilladher vs. HDFC Securities
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Prabhudas Lilladher and HDFC Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Prabhudas Lilladher and HDFC Securities.
Overview
Prabhudas Lilladher is private company and HDFC Securities is public company. both are full service broker as well. Arun Sheth co-founded Prabhudas Lilladher in 1984. And HDFC Securities was founded in the year 2000 by Bharat Shat. Prabhudas Lilladher's headquarters are in Mumbai, Maharashtra and HDFC Securities's headquarters are in Mumbai, India.
Prabhudas Lilladher and HDFC Securities both are full service broker as well. Prabhudas Lilladher is registered in NA, while HDFC Securities is registered in BSE, NSE. The total branches of Prabhudas Lilladher are Nil and the HDFC Securities branches are 270.
| Overview | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, Maharashtra | Mumbai, India |
| Founders | Arun Sheth | Bharat Shat |
| Foundation Year | 1984 | 2000 |
| Supported Exchanges | NA | BSE, NSE |
| Total branches | Nil | 270 |
Prabhudas Lilladher and HDFC Securities Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Prabhudas Lilladher charging Rs.999 and HDFC Securities charging Rs.500.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Prabhudas Lilladher Demat account is Rs.650 and for the HDFC Securities Demat account is Rs.300 per Annum. The Trading AMC for Prabhudas Lilladher and HDFC Securities is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Prabhudas Lilladher and HDFC Securities is CDSL.
| Account Opening and Demat Charges | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.999 | Rs.500 |
| Demat AMC (Annual Maintenance Charges) | Rs.650 | Rs.300 per Annum |
| Trading AMC (Annual Maintenance Charges) | Zero | Rs.500 per annum |
| Margin Money | Rs.25,000 Minimum | Minimum Rs.25,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | NSDL & CDSL |
Prabhudas Lilladher and HDFC Securities Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Prabhudas Lilladher is 0.10%, while HDFC Securities charges you 0.50%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Prabhudas Lilladher is 0.01% and for HDFC Securities also, it is 0.05%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Prabhudas Lilladher charge 0.01% and HDFC Securities charge 0.05% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Prabhudas Lilladher charges Rs.20 per lot, and HDFC Securities charges Rs.100 per Lot or 1% of Premium (Takes higher Amount).
| Equity Brokerage Charges | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.10% | 0.50% |
| Equity Intraday Brokerage | 0.01% | 0.05% |
| Equity Futures Brokerage | 0.01% | 0.05% |
| Equity Options Brokerage | Rs.20 per lot | Rs.100 per Lot or 1% of Premium (Takes higher Amount) |
Prabhudas Lilladher and HDFC Securities Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Prabhudas Lilladher is 0.01% and for HDFC Securities is 0.05%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Prabhudas Lilladher charges Rs.10 per lot for currency options, whereas Prabhudas Lilladher charges Rs.100 per Lot or 1% of Premium (Takes higher Amount).
| Currency Brokerage Charges | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Currency Futures Brokerage | 0.01% | 0.05% |
| Currency Options Brokerage | Rs.10 per lot | Rs.100 per Lot or 1% of Premium (Takes higher Amount) |
Prabhudas Lilladher and HDFC Securities Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Prabhudas Lilladher charges NA for commodity trading, while HDFC Securities charges Na.
| Commodity Brokerage Charges | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Commodity Options Brokerage | NA | Na |
Prabhudas Lilladher and HDFC Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Prabhudas Lilladher levies a minimum brokerage fee of Percentage of Transacton, while HDFC Securities charges Rs.25 brokerage fee.
Transaction Brokerage Charges: Prabhudas Lilladher levies a transaction brokerage charge of 0.00330% of Total Turnover, while HDFC Securities charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Prabhudas Lilladher is 0.0002% of Total Turnover and for Prabhudas Lilladher is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Prabhudas Lilladher are 0.0126% of Total Turnover, while for HDFC Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Prabhudas Lilladher charges NA and HDFC Securities charges Rs 0.
| Other Brokerage Charges | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transacton | Rs.25 | Transaction Brokerage Charges | 0.00330% of Total Turnover | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 0 |
Prabhudas Lilladher and HDFC Securities Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Prabhudas Lilladher is up to Upto 2x and by HDFC Securities it is up to Upto 8x.
Equity Intraday: Leverage for equity intraday by Prabhudas Lilladher is up to Upto 5x and by HDFC Securities it is up to Upto 14x.
Equity Futures: Leverage for Equity Futures by Prabhudas Lilladher is up to Upto 2x and by HDFC Securities it is up to Upto 7x.
Equity Options: Leverage for Equity Options by Prabhudas Lilladher is up to Upto 5x and by HDFC Securities also, it is up to Upto 8x.
| Equity Leverage | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 8x | Equity Intraday | Upto 5x | Upto 14x | Equity Futures | Upto 2x | Upto 7x | Equity Options | Upto 5x | Upto 8x |
Prabhudas Lilladher and HDFC Securities Currency Leverage
The currency futures leverage provided by Prabhudas Lilladher is up to Upto 2x, while for HDFC Securities it is up to Upto 7x.
The currency options leverage provided by Prabhudas Lilladher is up to Upto 3x, while for HDFC Securities it is up to Upto 5x.
| Currency Leverage | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Currency Futures | Upto 2x | Upto 7x | Currency Options | Upto 3x | Upto 5x |
Prabhudas Lilladher and HDFC Securities Commodity Leverage
The commodity leverage provided by Prabhudas Lilladher is up to Upto 2x, while for HDFC Securities it is up to Upto 6x.
| Commodity Leverage | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Commodity | Upto 2x | Upto 6x |
Prabhudas Lilladher and HDFC Securities Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | No | No | Happy Hours | No | Yes | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | Yes |
Prabhudas Lilladher and HDFC Securities Features
Equity Trading: Prabhudas Lilladher and HDFC Securities brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Prabhudas Lilladher and HDFC Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Prabhudas Lilladher and HDFC Securities broker is that you can also invest in IPOs. Prabhudas Lilladher also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Prabhudas Lilladher offers trading exposure of up to Upto 5x, while HDFC Securities gives up to Upto 14x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Prabhudas Lilladher and HDFC Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Prabhudas Lilladher and HDFC Securities also allow you to trade in forex trading.
| Features | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | No | No | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | Yes | No | PMS (Portfolio Management Services) | Yes | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 14x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | Yes | Insurance | Yes | Yes |
Prabhudas Lilladher and HDFC Securities Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Prabhudas Lilladher and HDFC Securities offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | Yes | Yes |
| Free Stock Tips | Yes | No |
| IPO Reports | No | Yes |
| Top Picks | Yes | No |
| Daily Market Review | No | No |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Prabhudas Lilladher and HDFC Securities Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Prabhudas Lilladher and HDFC Securities offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Prabhudas Lilladher and HDFC Securities Mobile Trading Platforms
Prabhudas Lilladher and HDFC Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Prabhudas Lilladher and HDFC Securities Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Prabhudas Lilladher and HDFC Securities give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 35 | 156 |
Prabhudas Lilladher and HDFC Securities Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Prabhudas Lilladher and HDFC Securities registered and resolved complaints.
For Prabhudas Lilladher, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For HDFC Securities, the Percentage of resolved BSE complaints is 97.42 % and the Percentage of resolved NSE complaints is 95.13 %.
We can say that Prabhudas Lilladher is better than HDFC Securities in case of resolving customer complaints.
| BSE Complaints | Prabhudas Lilladher | HDFC Securities |
|---|---|---|
| BSE Complaints | 3 | 194 |
| BSE Resolved Complaints | 3 | 189 |
| Percentage of resolved BSE complaints | 100.00 % | 97.42 % |
| NSE Complaints | 5 | 226 |
| NSE Resolved Complaints | 5 | 215 |
| Percentage of resolved NSE complaints | 100.00 % | 95.13 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 96.28 % |
Frequently Asked Questions
Is Prabhudas Lilladher better than HDFC Securities?
Prabhudas Lilladher and HDFC Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is HDFC Securities better than Prabhudas Lilladher?
HDFC Securities and Prabhudas Lilladher are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Prabhudas Lilladher and HDFC Securities?
Prabhudas Lilladher and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Prabhudas Lilladher and HDFC Securities?
To figure out which of the two stockbrokers, Prabhudas Lilladher and HDFC Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Prabhudas Lilladher with other stock brokers
Visit the following pages to see a detailed comparision report of Prabhudas Lilladher with other brokerage firms.
Compare HDFC Securities with other stock brokers
Visit the following pages to see a detailed comparision report of HDFC Securities with other brokerage firms.