HDFC Securities is a full-service broker based out of Mumbai. HDFC is one of the most popular financial service providers in the country and thus people have lot of faith and expectation from the firm at the same time.
This HDFC Securities Review will cover the services and products offered by the HDFC Securities and all other offerings of the firm.
The article will analyze and compare its brokerage charges and other charges and many such aspects which you need to know before you start investing with HDFC Securities.
|HDFC Securities Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs 750|
|Margin Required||75% Margin|
|Intraday Brokerage||0.05% or min Rs.25|
|Delivery Brokerage||0.50% or min Rs.25|
What do you know about HDFC Securities?
HDFC Securities was incorporated in the year 2000 by Dhiraj Relli in the city of Mumbai from where it now has spread its wings in all parts of the country.
The headquarters are still in Mumbai from where the firm operates and administers all the branches and other offices. This HDFC Securities Review is about the stockbroking service of the HDFC group which is a public organization.
|About HDFC Securities|
|Know few details about HDFC Securities|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of Company Located?||Mumbai, India|
|Who is the Founder of this Company?||Dhiraj Relli|
|When did the company started?||2000|
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What are the various Demat Account Opening Charges levied by HDFC Securities?
HDFC Securities Demat Account is registered with country’s both the depositories that are CDSL and NSD and you can open the Demat account with Rs. 0 only. The HDFC Securities Account Opening charges are nominal compared to other big stock broking houses.
They also charge the annual maintenance fees for both the Trading and Demat account. For the Demat account, the AMC is Rs. 750 per year while it is Rs. 0 for the Trading account. The annual maintenance charges are reasonable but other brokerage houses mostly charge no AMC on trading account.
The margin money which you need to keep in the trading account for trading is 75% Margin which is the minimum requirement by the firm. If you compare this amount, it is on the higher side and very big few houses ask to keep such margin money in the account.
|HDFC Securities Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with HDFC Securities|
|Which is the Depository Participant involved?||NSDL & CDSL|
|What are the Demat account opening charges?||Rs 0|
|How much is the Demat AMC?||Rs 750|
|What is the Trading AMC?||Rs 0|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||Yes|
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Does HDFC Securities provide any Offers to their Clients?
HDFC Securities Offers are not in abundance but the offers are really beneficial for the traders. If you are making a loss on a trade, then you need not pay brokerage with the last offer mentioned on the list above in the table.
The other two offers which you can see in the table above, one is for happy hours trading which means there are certain hours of the day when you get big discounts on brokerages and save a lot on it and make more profit from your trades due to reduced cost. The other one is for flexible brokerage plans that you will read in the later section.
|HDFC Securities Offers|
|Here are the various offers provided by HDFC Securities|
|Does the broker provide Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers Discount on Brokerage?||No|
|Does the broker offer Happy hour trading to their clients?||Yes|
|Is the broking house provides flexible brokerage plan?||Yes|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss Making Trades||Yes|
What are the Brokerage Charges levied by HDFC Securities on various Segments?
The HDFC Securities Brokerage Charges are comparably at par with the charges by the big brokerage houses in the industry. As you can see the charges in the above table, the charges are segregated amongst the segments of the asset.
Like for the options, it is Rs. 100 per lot and there is no different in the charges for the type of options you trade. This goes for the equity intraday and futures as well which are charges at 0.05% and the delivery trades are always charged at higher price in any brokerage house and here the price is 0.5% of the transaction you make and take as delivery.
HDFC Securities charges a minimum brokerage of Rs. 25 which is quite nominal and it is at par with the market average as well.
|HDFC Securities Brokerage Charges|
|Here you will find details of brokerage levied by HDFC Securities on all segments|
|What are the Equity Delivery Charges?||0.50% or min Rs.25|
|What are the Equity Intraday Charges?||0.05% or min Rs.25|
|How much brokerage charged for Commodity Trading?||0.02% for Intraday / 0.025% for positional|
|What is the brokerage on Equity Futures?||0.05% or min Rs.25|
|How much brokerage charged for Equity Options?||Rs 100 per lot or 1% of the premium (whichever is higher)|
|What is the brokerage on Currency Futures?||Rs 23 per contract|
|What is the brokerage on Currency Options?||Rs 20 per contract|
|How much is the Minimum Brokerage requires?||Rs.25|
|What is the Demat AMC?||Rs.750 per Annum|
|How much is the Trading AMC?||Rs.0 per annum|
|What is the Minimum Margin Required?||75% Margin|
Does HDFC Securities levy any other charges apart from Brokerage?
HDFC Securities Charges towards the statutory and mandatory fees are similar to any other brokerage house of its level. As the statutory charges are always the same because they are decided and mandated by the government and SEBI.
In the list above, the only charge which varies from one broker to another is the transaction charges which is 0.00325% which is also completely at par with the prevailing average transaction charge in the market.
|HDFC Securities Charges|
|Get deep understanding of all other charges levied by HDFC Securities|
|How much is the Transaction Charges levied?||0.00325% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|What are the SEBI Turnover charges?||0.00005% (Rs. 5/Crore)|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by HDFC Securities?
HDFC Securities Exposure is varied and it goes up to 5 times for the intraday segment. Though the HDFC Securities Margin trading leverage is not that high as other big brokers in the market, it can be termed as average as there are many others in the industry who provides next to nil exposure.
|HDFC Securities Exposure or Leverage|
|Here you will find the exposure or limit provided by HDFC Securities|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
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How To Open HDFC Securities Demat & Trading Account?
It is very easy to Open HDFC Securities Demat Account. if you are wondering how to Open HDFC Securities Trading Account and the Demat account then follow the steps below while reading the article carefully –
- You do not need to go anywhere else and search for opening Demat with HDFC Securities. Here in this article only, you will find that there is a button right here which needs to be clicked.
- You will land on a webpage which is like a form that needs to be filled. Fill the form with the required details and make sure the details are correct.
- Once you submit the form, you will be redirected to a page where you will get to upload the documents for verification. This step is crucial, you need to scan the documents they ask for on the website, and then upload the same documents at the right tabs and click on submit.
- Things need to be done from your side are done now, you have to wait for the call from HDFC Securities associates and they will guide you about the further process.
- The account opening takes a few hours only after your documents and details are verified.
The list of documents you would require are –
- Bank Account Statement or Cheque
What are the various Trading Platforms provided by HDFC Securities?
The HDFC Securities Trading Platforms are designed with the thought of delivering the best possible service to the clients. The trading platforms are loaded with features that every trade would need. The firm provides three different platforms and they are –
HDFC Securities Trading Terminal: HDFC Securities Blink Trade
The terminal software offered by HDFC Securities is known as BLINK which is one of the fastest terminals for trading at present offered by any brokerage house. It has intriguing features and tools to make your trading experience really meaningful and fruitful.
HDFC Securities Web-based Platform: HDFC Securities Trade
The web-based trading platform of HDFC Securities is known as HDFC Securities TRADE. It is a highly optimal application which can run on any device connected to the internet – whether it is mobile, laptop or desktop and even tablets. The software is super fast and responsive to the core.
HDFC Securities Mobile Trading App
If you want to trade in your regional or local language, HDFC Securities App has 11 Indian regional languages for you to choose from. You have to just install it on your smartphone and it is compatible with all the phones available in the Indian market. Then just change the language setting to the language you want from the list.
|HDFC Securities Trading Platforms|
|Here you will find all the important trading platforms available with HDFC Securities|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platform?||Yes|
|Do they have Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in HDFC Securities Trading Applications?
Here are the details about the three different platforms for trading offered by HDFC Securities –
HDFC Securities Trading Terminal – HDFC Securities Blink Trade Features
- You can observe all the market movements in real-time. it is essential for making the right move in the market
- View your net positions on the terminal, order book and trade book and monitor all the transactions of yours
- With a single user interface, you can place all kind of orders in different segments whether it is equity or options or even futures.
- You can place your orders really fast using the short-cut keys on the terminal for buy, sell, and other features and activities
The terminal software we are talking about here – BLINK by HDFC Securities is really a boon for the day traders and other traders as well but it is not free software. There is a price tag attached to it which is Rs.3999 for a year and if you take 6 months subscription then you have to pay Rs.2999.
There are many stockbrokers who charge for the terminal and trading software, so this is not something unique however the price is a bit high which makes trading a little more expensive.
HDFC Securities Web Trading Platform – HDFC Securities Trade Features
- If you want to customize your trading platform according to your need then the most suitable platform for you is this HDFC Securities TRADE. It offers various personalization options to make your platform for trading as per your requirement
- There are an abundance of charts and indicators for technical analysis of the markets and the stocks
- The platform is loaded with research reports, market tips and recommendations and news updates about the economy and market
- Watch-list are completely customizable
HDFC Securities Mobile Trading App Features
- Charts and other technical analysis tools with real-time data
- With the mobile app also you can check all research reports and news, and recommendations
- You can trade across segments that too with just a click – trade equities, derivatives, and other products available with HDFC Securities from your mobile screen
- Can be used both on iOS and Android.
|HDFC Securities Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software’s providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Do this software’s provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms has Multi Account Management solution?||Yes|
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What are the various Products provided by HDFC Securities?
The HDFC Securities Products range is huge and that you can understand from the table given above. It has every product on its list except the commodities. You can trade mutual funds, invest in them and also in SIP apart from the regular stock market products like equities, currencies, futures, and options.
Since HDFC has its own banking and forex division, you get all these services as well. This also reminds us of that the account you get with HDFC Securities is a 3-in-1 account including bank account with the Demat and trading account.
|HDFC Securities Products|
|Here are the various products provided by it|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||No|
|Do they have Currency Trading product available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as product?||Yes|
|Does the broker allow Forex trading?||Yes|
|Does the broker have Banking products?||Yes|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||Yes|
What are the various Services offered by HDFC Securities?
The array of HDFC Securities Services may give you a ‘whoa’ feeling as it has the regular brokerage services like Demat and trading at its place but it also has Portfolio management services, IPO services, and many such services which you would like to avail for your investment.
|HDFC Securities Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||Yes|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does HDFC Securities provide Research & Advisory to their clients?
HDFC Securities Research and HDFC Securities Advisory department are filled with prudent and efficient professionals. Their HDFC Securities Tips are on the point and hardly turns out to be wrong.
They provide vast range of services in this department and there are plenty of reports and analysis that they provide to the clients. Starting from the fundamental reports to the company reports, annual reports, stock recommendations, monthly reports, and many others are provided by the firm.
The Advisory team is always available to help and they have offline advisory services and Relationship manager’s services as well.
|HDFC Securities Research, Advisory & Stock Tips|
|Here are the various research activities done by it|
|Does the broker shares Fundamental Reports?||Yes|
|Does the broker shares Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analysing Annual Reports of Companies?||Yes|
|Do they share Company Stock Review?||Yes|
|Are they sharing Free Stock Tips to their clients?||No|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||No|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of HDFC Securities?
HDFC Securities Customer Care offers support via chat and call. You can chat with them using the terminal software and other platforms, there you will find the chat option. You can tell them any query of yours and you can also call on the given number above for registering any complaints.
There are more than 150 branches of HDFC Securities which you can visit for any kind of issue or query and the customer care executives are exceptional at taking care of your needs.
|HDFC Securities Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated Dealer to their clients?||Yes|
|Do they allow Offline Trading?||No|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||1800 425 4332|
|How many Branches the stock broker has?||156|
Are there any Complaints filed against HDFC Securities by their clients?
There are around two hundreds of HDFC Securities Complaints on both the exchanges as extracted from the last year’s data. However, if you compare the number of resolved issues to the number of complaints made, you will find more or less all the complaints had been addressed and solved.
|HDFC Securities Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||194|
|How many of these complaints have been Resolved in BSE?||189|
|What is the total number of Complaints Lodged in NSE?||226|
|How many of these complaints have been Resolved in NSE?||215|
What Are The Advantages / Benefits Of HDFC Securities Trading Account?
The benefit of trading with HDFC Securities Trading Account are as follows –
- You get ample of products and services to deal into.
- They have a huge experience in the field that makes them aware of the investor’s need and requirements
- They charge nominal account opening fees and also Annual maintenance charges is low for the Demat account
- Reasonable brokerage charges
- Margin trading facility is there with average exposure
- Exceptional trading platforms with advanced technologies and features for every device
What are the HDFC Securities Review & Ratings as per their Customer?
HDFC Securities Rating suggests that it has exceptional research and advisory services which are liked by most of the clients. The HDFC Securities Review also suggest that their brokerage and other charges are affordable.
However, the investors are not that happy with the products and services they offer and it can be bettered probably and that goes for the trading platforms as well. Overall the firm is a good one to start your trading career and business with.
|HDFC Securities Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||8.0/10|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||8.0/10|
|Types of Products & Services the Brand provides||5.0/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||6.2/10|
|Experience in the Broking Business||7.0/10|
|Total Avg. Rating of Broking House||6.8/10|
|Star Rating of given to Stock Broker||★★★★☆|
|Number of People Contributed to these Ratings||139|
HDFC Securities Conclusion
For the new traders, HDFC Securities can be really a great brokerage house because of their research and advisory services. As per the HDFC Securities Review and ratings by clients, they need to better some of their aspects otherwise it is a great place to trade.
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