HDFC Securities is a full-service broking arm of HDFC Bank. The brokerage has almost 20 years of industry presence. It offers retail and institutional broking services.
HDFC Securities trading/ investing asset class include
- Derivatives (Equity, Currency & Commodity)
- Mutual funds
- IPO/ FPO including SME IPO
- NCD / Bonds
- ETFs – Gold and Index
- DIY SIP in Equities
The other value-added products that you can benefit from are; – Loan products, Insurance, NPS, Investment Advisory, and Portfolio management services.
HDFC Securities has been rated AAA by Crisil and A1+ by ICRA (highest rating) and is backed by a team of finance professionals.
The brokerage services are available for clients through calls, emails, and 250-plus branches.
HDFC Securities Brokerage Charges
HDFC Securities offers two brokerage plans with different brokerage charges to its customers.
#1. HDFC Securities Standard Brokerage Plan
HDFC Securities has a percentage-based brokerage charge.
|Equity Delivery Trades||0.50% (for both buy and sell orders) or a minimum of Rs. 25, or a Maximum of 2.5% on transaction value (both buy and sell)|
|Equity Intraday Trades||0.05% (for both buy and sell orders) or a minimum of Rs. 25, or a Maximum of 2.5% on transaction value (both buy and sell)|
|Equity Futures||0.025% or a minimum of Rs. 25, or a Maximum of 2.5% on transaction value (both buy and sell)|
|Equity Options||Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)|
|Currency Futures||The brokerage of Rs. 12 per contract on each side|
|Currency Options||The brokerage of Rs. 10 per contract on each side|
|Commodity Futures||0.020% or minimum Rs.20 per order|
|Commodity Options||Rs.100 per lot|
|Call & Trade||Free|
#2. HDFC Securities Value Plans
HDFC Securities Value Plans is a great option for both new and seasoned traders and investors that offers as low as 0.10% Equity Delivery trading and Rs 20 per order for Derivatives trading.
HDFC Securities Value plans are of two types –
- One is valid for a period of 360 days and auto-renewed at the end of the tenure.
- The second value plan comes with lifetime validity for the same brokerage charges.
- Value Plan with a validity of 360 days
|Options (per order)||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Futures (per order)||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20||Rs 20|
|Zero Brokerage on ETF||No||No||No||No||No||Yes||No||Yes|
- Brokerage Value Plan – Lifetime Validity
|Value Plan Name||Value 30||Value 25||Value 20||Value 15|
|Value Plan Charges||10000/-||25000/-||50000/-||1,00,000/-|
|Free Equity Delivery Volume||40,00,000/-||150,00,000/-||4,00,00,000/-||12,00,00,000/-|
|Free Equity Delivery Volume Validity||360 days||360 days||360 days||360 days|
|Options (per order)||Rs 20||Rs 20||Rs 20||Rs 20|
|Futures (per order)||Rs 20||Rs 20||Rs 20||Rs 20|
Value plans are only applicable to resident customers not available for NRIs.
HDFC Securities Annual Charges
HDFC Securities offers a 3-in-1, 2-in-1, and 1-in-1 account for traders and investors.
Depending on the type of account, it may take between two to five working days to operationalize the account.
|Particulars||Account Opening days|
|3-in-1 (Savings + Demat + Trading)||5 days|
|2-in-1 (Savings + Trading)||4 days|
|2-in-1 (Demat + Trading)||3 days|
|1-in-1 (only Trading)||2 days|
All savings/ current accounts and Demat accounts are opened with HDFC Bank. Whereas, the trading account is opened with HDFC Securities.
There are no account opening charges. But, HDFC Securities levy a charge of Rs. 1999 for using their trading software “Pro Terminal”.
The access charge for trading platforms is only for a period of one year.
Below are the details of the charges for opening an account:
|Trading Account Opening charges||Rs. 0|
|Demat Account Opening charges||Rs. 0|
|Trading Annual Maintenance charges||Rs. 0|
|Demat Annual Maintenance charges||Free for the first year|
Rs. 750 (from 2nd Year onwards)
You can also go through our list of best demat and trading accounts in India for further analysis of best brokers in India.
HDFC Securities Trading Platforms
#1. HDFC Securities Trade (mPowered) – Web-based Trading Platform
HDFC Securities website is a web/browser-based trading platform that can be accessed on any device including desktop, laptop, or mobile.
HDFC Securities web trading allows you to
- Highly customized trading platform with personalized trading experience.
- Advanced interactive charts for technical analysis.
- Real-time market data, exchange announcements, and company-specific information.
- Watch your personalized watch lists.
- Free research reports and market tips.
#2. HDFC Securities Mobile Trading App
HDFC Securities App is a mobile-based trading app for seamless trading using your smartphone. The app is compatible with iOS and Android smartphones.
HDFC Securities App let you:
- Track live market data
- Place trades in just a few clicks
- Access all interactive demos
- Track all your investments & portfolio
- Apply in IPO in just 3 clicks
#3. HDFC Securities ProTerminal
HDFC Pro Terminal is a Web 2.0 and Ajax-based technology. The technology saves you from software downloads and provides fast trading on the web.
The Pro Terminal comes at a subscription fee of Rs 1999 for a period of 1 year. The subscription fee is not refundable.
Pro Terminal is loaded with ingenious tools like Advanced Portfolio Tracker, Watchlists, Stock Screeners, News & Sentiment Analysis, and RADAR tool.
The RADAR Tools help you:
- Track trends and momentum with up to 18 indicators for both Bearish and Bullish events
- Offers 15, 30 and 60-minute time frames settings to track market activity
- Enables multitasking by enabling quick analysis and trade execution from a single screen
HDFC Securities ProTerminal Mobile App
The ProTerminal platform is now available as the mobile trading app for Google Android and Apple iPhone users. HDFC customers can access the ProTerminal platform by paying the subscription fee, then downloading and utilizing it anywhere.
#4. HDFC Securities BLINK – Desktop Trading Platform
HDFC Securities BLINK is a terminal/browser-based trading application that offers high-speed trading in the equity and F&O segments. You need to download and install the software for usage. BLINK is only available for Indian residents.
Unique features of HDFC Securities BLINK are –
- High-speed buy/sell order.
- Single Screen to place orders in Equity and Derivatives.
- Monitor real-time price movement.
- Customized trading platform to assist investment decisions.
- View and monitor your Order Book, Trade Book, and Net Position.
You need to pay a subscription fee to access the BLINK trading software. The subscription fee for HDFC Securities BLINK trading software is –
|Blink for 6 months||Rs 2999|
|Blink for 1 year||Rs 3999|
Browser requirement for BLINK : (1366 x 768 screen resolution in) Internet Explorer 10, Mozilla Firefox 21, Apple Safari 5, Mac Safari 5, Google Chrome 26, Opera 15 onwards.
Read our list of the best technical analysis software in India to know about other technical analysis software available in the market.
HDFC Securities Margins
HDFC Securities provides margins for trading in stocks and derivatives (futures & options) segments.
However, the details of the margins offered segment-wise are not provided on the website.
HDFC Securities is not transparent in disclosing margin details.
|Particulars||Information on the HDFC Securities website|
|Intraday Trades||Margin required 30% – 60% (depending on the scrip) of the order value.|
|Margin requirement for a derivatives contract||Margins in the derivatives segment vary from contract to contract and are decided by the exchange on a daily basis.|
The exact margins for a particular intraday trade can be known from the “Know Your Margin” screen after login on the trading platform.
HDFC Securities Account Opening Process
You can open your trading and Demat account through both online and offline modes.
#1. Online Account Opening Process
- Visit the HDFC Securities website or download the mobile app.
- Enter your mobile number & verify with OTP.
- Fill in your personal details and add your bank details.
- Select the trading plan.
- Complete video in-person verification.
- Upload copies of KYC documents.
- Complete the Aadhar-based E-sign process.
It takes 2-3 working days to open the account.
#2. Offline Account Opening Process
- Visit the nearest HDFC branch to open a Demat & Trading account.
- Fill up the 2-in-1 Demat & trading account opening form.
- Provide personal and bank details.
- Provide KYC documents including self-attested copies.
- The broker verifies the submitted application after the account gets opened.
Your account takes 3-5 business days to complete the process.
Benefits of HDFC Securities Demat and Trading Account
- Flexibility to open 3-in-1, 2-in-1, and 1-in-1 accounts.
- You have the option to Invest in US Markets.
- The benefit of Voice-Enabled Investing.
- You can “Stock SIP” or “DIY SIP”.
Cons of HDFC Securities Demat & Trading Account
- High brokerage charges.
- Rs. 1999 for using the trading platform “Pro Terminal”.
- BLINK is a paid trading platform that charges a subscription fee every year.
HDFC Securities Unique Offerings
#1. Invest in US Stock Markets
HDFC Securities in association with Stockal and DriveWealth help you invest in US markets. You can invest in shares of global companies like Apple, Dell, Microsoft, Tesla, Google, and more.
Stockal is a partnered platform and DriveWealth is the brokerage and clearing partner, holding custody of your brokerage account.
The account is opened on GlobalInvesting.in, powered by Stockal. DriveWealth is regulated by FINRA and SEC, financial market regulators of the USA.
Currently, you can invest up to USD 250,000 every year in foreign stocks from India. This amount can change, subject to RBI guidelines.
The account can be opened online by filling a form and uploading documents. The approval process may take up to 2 days.
#2. Voice-Enabled Investing, Arya
To help traders, HDFC Securities provides voice-enabled investing through virtual assistant ‘Arya’.
Arya is an AI-bot that helps you invest through simple voice commands over Google Assistant, Google Home and Amazon Alexa-powered devices.
Using Arya, you can do:
By ordering the latest stock recommendations from HDFC Securities with an option to invest in it.
Mutual Fund investment
Take the help of Arya to invest in a mutual fund scheme using your existing account.
If you do not have a trading account with HDFC Securities then, Arya would send you a link to the Digify platform, where you can register and start investing.
In order to use Arya (Voice-enabled investing) you need to:
- First, invoke Google Home / Assistant / Amazon Alexa on your device.
- Wake word “Talk to HDFC securities”.
#3. DIYSIP or Stock SIP
“Stock SIP” or “DIY SIP” is a service that helps you invest in stocks and ETFs in a systematic manner. You can use your existing trading account to register for DIY SIP.
Here you need to indicate the amount/ quantity-based investment that you are going to make for a fixed tenure. The tenure can be 24, 36, 48, or 60 months long.
Apart from that you also need to mention the stock purchase period frequency. The periodic purchase can be daily, weekly, fortnightly, or monthly.
DIYSIP is best for long-term investors. Where you need not time the market and make a regular purchase over time.
Through DIY SIP you have the option to pick 10 stocks/ETFs from the preselected list of;
- 50 Stocks
- Benchmark Gold BeES, HDFC Gold, and MOSt Gold ETFs
- Nifty BeES and Bank BeES Index ETF
- 6 other scrips of your choice
The DIY SIP service comes with a one-time non-refundable sign-up charge of Rs. 249.
Conclusion (Final Review)
HDFC Securities trading and Demat account is a good option if you already have an HDFC savings account and you want to manage all your finances under the HDFC umbrella. You prefer low-volume trade and do not mind paying money for services.
The stockbroker helps you invest in US markets, and has voice-enabled investing, and even Stock SIP services.
However, every service and product is costly at HDFC Securities. You need to pay a high brokerage charge and also a fee to access the trading platform.