Reviews of Stock Brokers

HDFC Securities

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of HDFC Securities, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


HDFC Securities founded in 2000 by Bharat Shat is a Public company headquartered in Mumbai, India India. As a Full Service Broker, HDFC Securities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that HDFC Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewHDFC Securities
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterMumbai, India
FoundersBharat Shat
Foundation Year2000
Supported ExchangesBSE, NSE
Total branches270

HDFC Securities Account opening charges

To begin trading with HDFC Securities, you need to open a trading account and a Demat account. HDFC Securities charges Rs.500 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesHDFC Securities
Trading Account Opening ChargesRs.500
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Rs.500 per annum
Margin MoneyMinimum Rs.25,000
Offline to Online ChargesYes
DepositoryNSDL & CDSL

HDFC Securities Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. HDFC Securities brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesHDFC Securities
Equity Delivery Brokerage0.50%
Equity Intraday Brokerage0.05%
Equity Futures Brokerage0.05%
Equity Options BrokerageRs.100 per Lot or 1% of Premium (Takes higher Amount)

Currency Brokerage Charges

Currency Brokerage ChargesHDFC Securities
Currency Futures Brokerage0.05%
Currency Options BrokerageRs.100 per Lot or 1% of Premium (Takes higher Amount)

Commodity Brokerage Charges

Commodity Brokerage ChargesHDFC Securities
Commodity Options BrokerageNa

HDFC Securities Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesHDFC Securities
Minimum Brokerage ChargesRs.25
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 0

HDFC Securities Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by HDFC Securities:

Equity LeverageHDFC Securities
Equity DeliveryUpto 8x
Equity IntradayUpto 14x
Equity FuturesUpto 7x
Equity OptionsUpto 8x

HDFC Securities Currency Leverage

Currency LeverageHDFC Securities
Currency FuturesUpto 7x
Currency OptionsUpto 5x

HDFC Securities Commodity Leverage

Equity LeverageHDFC Securities
CommodityUpto 6x

HDFC Securities Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersHDFC Securities
Free Stock Trading AccountNo
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursYes
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesYes

HDFC Securities Features

FeaturesHDFC Securities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingNo
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 14x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

HDFC Securities Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesHDFC Securities
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsNo
IPO ReportsYes
Top PicksNo
Daily Market ReviewNo
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

HDFC Securities Trading Platforms

The HDFC Securities trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

HDFC Securities Trading Platforms

Desktop Trading PlatformsHDFC Securities
Desktop BrowserYes

HDFC Securities Mobile App

The HDFC Securities mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppHDFC Securities
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

HDFC Securities Web Trading

For web-based trading, HDFC Securities offers a powerful trading website known as HDFC Securities trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

HDFC Securities Trade Terminal

HDFC Securities offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

HDFC Securities Customer Support

Customer SupportHDFC Securities
Relationship ManagerYes
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches156

HDFC Securities Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by HDFC Securities.

BSE ComplaintsHDFC Securities
BSE Complaints194
BSE Resolved Complaints189
Percentage of resolved BSE complaints97.42 %
NSE Complaints226
NSE Resolved Complaints215
Percentage of resolved NSE complaints95.13 %
BSE/NSE Complaint vs. Resolved Percentage96.28 %


In conclusion, HDFC Securities offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, HDFC Securities can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.