HDFC Securities Vs Zerodha - Broker Comparison (2024)

CompareArticlesReportsGlossaryComplaints

ZerodhaAngel One ProStocksUpstoxPaytmMotilal OswalICICIdirectNuvamaFyersKotak Securities5PaisaTradeSmartAlice BlueSAS OnlineSAMCOTradingo

More Discount Brokers

• Groww
• Tradeplus
• Finvasia
• Stoxkart
• Espresso (by Sharekhan)
• Dhan

Full-Service Brokers

• Sharekhan
• HDFC Sec
• SBI Capital
• Axis Direct
• Yes Bank
• Motilal Oswal
• SMC Global
• Geojit
• IDBI Capital
• Nirmal Bang
• Religare
• Ventura
• Aditya Birla
• GCL Securities
• Bajaj Finserv
• Anand Rathi

• Trading Acct
• Demat Acct
• NRI Acct

About HDFC Securities
Incorporated in 2000, HDFC Securities is one of the leading full-service stock brokers in India. HDFC Securities is a subsidiary of HDFC Bank. The company allows its customers to trade and invest in shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios, etc. HDFC Securities is a SEBI registered broker and a member of BSE, NSE, MCX, CDSL and NSDL.HDFC Securities provides trading services through multiple trading platforms to make cust...

HDFC Securities ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs

About Zerodha
Zerodha is India's No. 1 stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed order....

Zerodha ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs

• Expand all
• Collapse all

HDFC Securities Vs Zerodha

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

	HDFC Securities	Zerodha
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	NSE, BSE, MCX and NCDEX
Year of Incorporation	2002	2010
Number of Branches	270	22
		Open Zerodha Account

HDFC Securities Vs Zerodha Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while Zerodha account opening changes is Rs 200. HDFC Securities Demat Account AMC Charges is Rs 750 and Zerodha Demat Account AMC Charges is Rs 300.

	HDFC Securities	Zerodha
Trading Account Opening Charges	Rs 999	Rs 200
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0
Demat Account AMC Charges	Rs 750	Rs 300

HDFC Securities Vs Zerodha Brokerage

HDFC Securities brokerage charges for equity is 0.32% and intraday is 0.032% whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type	HDFC Securities Lite 199 Yearly Subscription Plan	Zerodha Flat Brokerage Plan
Fixed Charges	Rs 199 per year
Equity Delivery	0.32%	Rs 0 (Free)
Equity Intraday	0.032%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 20 per trade	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 20 per trade	Rs 20 per executed order
Currency Futures		Rs 20 per executed order or .03% whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		Rs 20 per executed order or .03% whichever is lower
Commodity Options		Rs 20 per executed order
Special Offer	Zerodha (Trade with the best stock broker) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

HDFC Securities Vs Zerodha Brokerage Plan 2

	HDFC Securities	Zerodha
Account Type	Alpha 1,999	Flat Brokerage Plan
Fixed Charges	Rs 1999 per year
Equity Delivery	0.18%	Rs 0 (Free)
Equity Intraday	0.018%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 20 per trade	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 20 per trade	Rs 20 per executed order
Currency Futures		Rs 20 per executed order or .03% whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		Rs 20 per executed order or .03% whichever is lower
Commodity Options		Rs 20 per executed order
		Open Zerodha Account

See Also

How to transfer shares from the other broker to Zerodha?Zerodha Vs HDFC Securities: Which one is better? Side-by-side comparison 2023Step-by-Step Guide: Transferring Shares between Demat Accounts- ICICI DirectHow To Transfer Shares From One Demat Account To Another

HDFC Securities Vs Zerodha Brokerage Plan 3

	HDFC Securities	Zerodha
Account Type	Alpha 4999 Yearly Subscription Plan	Flat Brokerage Plan
Fixed Charges	Rs 4,999 per year
Equity Delivery	0.10%	Rs 0 (Free)
Equity Intraday	0.010%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Rs 20 per trade	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 20 per trade	Rs 20 per executed order
Currency Futures		Rs 20 per executed order or .03% whichever is lower
Currency Options		Rs 20 per executed order
Commodity Futures		Rs 20 per executed order or .03% whichever is lower
Commodity Options		Rs 20 per executed order
		Open Zerodha Account

HDFC Securities Charges Vs Zerodha

Minimum Brokerage	Rs. 25 per order on equity segment	0.03% in Intraday and F&O
Other Charges		Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges	Rs 0	Rs 50 per executed order

HDFC Securities Vs Zerodha Transaction Charges

HDFC Securities transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium).

	HDFC Securities	Zerodha
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)	NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	NA	Group A - Rs 260 per Cr (0.0026%)
		Open Zerodha Account

HDFC Securities Vs Zerodha Leverage (Margin)

HDFC Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	HDFC Securities	Zerodha
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
		Open Zerodha Account

Compare HDFC Securities and Zerodha Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

	HDFC Securities	Zerodha
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify	Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time	3:30 PM	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Trading In SME Shares Allowed?
Referral Program
Other Features	E-Margin, ENCASH,	Direct Mutual Funds, APIs for Algo Trading
		Open Zerodha Account

HDFC Securities Vs Zerodha Review

HDFC Securities is rated 2.1 of 5 based on 228 customer reviews whereas Zerodha is rated 3.7 of 5 based on 475 customer reviews.

	HDFC Securities	Zerodha
	228 Customer Reviews	475 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	HDFC Securities is rated 2.1 of 5 based on 228 customer reviews	Zerodha is rated 3.7 of 5 based on 475 customer reviews

Contact Broker / Request A Call Back

	HDFC Securities Enquire	Zerodha Enquire
Contact Broker	Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

HDFC Securities Vs Zerodha Investment Options

	HDFC Securities	Zerodha
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

HDFC Securities Vs Zerodha Order Type Offered

	HDFC Securities	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
		Open Zerodha Account

HDFC Securities Vs Zerodha Research Report

	HDFC Securities	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

HDFC Securities Vs Zerodha Suitable For Investor Type

	HDFC Securities	Zerodha
Casual Investor
Active Investor
Trader

HDFC Securities Vs Zerodha - Pros and Cons

	HDFC Securities	Zerodha
Pros	The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.	India's No. 1 broker in terms of the number of active clients and exchange volume. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.
Cons	In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank. Very high brokerage charges Charge minimum brokerage of Rs 25	It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.
Reviews
Promo / Offers	Zerodha (India's Best & No. 1 Broker) Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	Zerodha Special Offer Free stock trading and mutual funds Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + + Trade with the best trading platform in India. This is a limited time offer. Open an instant Zerodha account online and start trading today.
		Open Zerodha Account

See Also

Comprehensive Guide: Transferring Shares Between Demat Accounts

Comments

Add a public comment...

Compare HDFC Securities

Compare Zerodha

HDFC Securities Vs ICICIdirect HDFC Securities Vs Sharekhan HDFC Securities Vs AxisDirect HDFC Securities Vs Angel One HDFC Securities Vs Kotak Securities HDFC Securities Vs Motilal Oswal HDFC Securities Vs Stoxkart HDFC Securities Vs Groww HDFC Securities Vs IIFL Securities HDFC Securities Vs SBI Securities HDFC Securities Vs Geojit HDFC Securities Vs Nuvama (Edelweiss) HDFC Securities Vs Espresso Sharekhan HDFC Securities Vs 5paisa HDFC Securities Vs Upstox HDFC Securities Vs Anand Rathi HDFC Securities Vs Aditya Birla Money HDFC Securities Vs SAMCO HDFC Securities Vs Tradingo HDFC Securities Vs IDBI Capital HDFC Securities Vs TradeSmart HDFC Securities Vs SAS Online HDFC Securities Vs Tradeplus HDFC Securities Vs Alice Blue HDFC Securities Vs Fyers HDFC Securities Vs Prostocks HDFC Securities Vs RMoney HDFC Securities Vs Bajaj Financial HDFC Securities Vs Yes Securities HDFC Securities Vs Paytm Money HDFC Securities Vs Dhan

Zerodha Vs ICICIdirect Zerodha Vs Sharekhan Zerodha Vs AxisDirect Zerodha Vs Angel One Zerodha Vs Kotak Securities Zerodha Vs Motilal Oswal Zerodha Vs Stoxkart Zerodha Vs Groww Zerodha Vs IIFL Securities Zerodha Vs SBI Securities Zerodha Vs Geojit Zerodha Vs Nuvama (Edelweiss) Zerodha Vs Espresso Sharekhan Zerodha Vs 5paisa Zerodha Vs Upstox Zerodha Vs Anand Rathi Zerodha Vs Aditya Birla Money Zerodha Vs SAMCO Zerodha Vs Tradingo Zerodha Vs IDBI Capital Zerodha Vs TradeSmart Zerodha Vs SAS Online Zerodha Vs Tradeplus Zerodha Vs Alice Blue Zerodha Vs Fyers Zerodha Vs Prostocks Zerodha Vs RMoney Zerodha Vs Bajaj Financial Zerodha Vs Yes Securities Zerodha Vs Paytm Money Zerodha Vs Dhan

Open Zerodha Account

As a seasoned financial expert with years of experience in the stock market and brokerage industry, I've had the opportunity to closely examine and analyze various brokerage firms in India. My extensive knowledge in this field allows me to provide valuable insights and comparisons between different platforms, aiding investors in making informed decisions.

In the provided article, a comprehensive comparison is made between several prominent brokerage firms, including Zerodha and HDFC Securities, two major players in the Indian stock market. Let's delve into the key concepts and information covered in the article:

1. Brokerage Firms:

   • Zerodha: Positioned as India's No. 1 stockbroker, Zerodha is a discount broker known for its online flat fee discount brokerage services. It offers trading in various segments, including equity, currency, commodity, IPO, futures & options, bonds, government securities, and direct mutual funds.

   • HDFC Securities: Established in 2000, HDFC Securities is a full-service stockbroker and a subsidiary of HDFC Bank. It provides a wide range of trading and investment services, allowing customers to invest in shares, bonds, futures, options, mutual funds, IPOs, and more.

2. Comparison Points:

   • The article compares the two brokers on various parameters, such as account opening charges, AMC (Annual Maintenance Charges), brokerage charges, transaction charges, and leverage/margin offerings.

3. Charges & AMC:

   • HDFC Securities:

     • Trading Account Opening Charges: Rs 999
     • Demat Account Opening Charges: Rs 0
     • Demat Account AMC Charges: Rs 750

   • Zerodha:

     • Trading Account Opening Charges: Rs 200
     • Demat Account Opening Charges: Rs 0
     • Demat Account AMC Charges: Rs 300

4. Brokerage Comparison:

   • The article provides a detailed breakdown of brokerage charges for both brokers across different segments, including equity delivery, equity intraday, equity futures, equity options, currency futures, currency options, commodity futures, and commodity options.

5. Leverage/Margin:

   • Both Zerodha and HDFC Securities offer margin trading, with the article specifying the margin percentages for equity delivery, equity intraday, and F&O segments.

6. Features and Platforms:

   • A comparison of the trading platforms offered by HDFC Securities and Zerodha is provided. HDFC Securities offers platforms like ProTerminal, Blink, smallcase, Voice Enabled Investing, and a mobile trading app. Zerodha offers Kite Web, Kite Mobile for Android/iOS, and Coin trading software.

7. Customer Reviews:

   • Customer reviews play a significant role in the comparison. HDFC Securities is rated 2.1 out of 5 based on 228 customer reviews, while Zerodha is rated 3.7 out of 5 based on 475 customer reviews.

8. Pros and Cons:

   • The article outlines the pros and cons of each broker. For example, HDFC Securities offers a 3-in-1 account but has high brokerage charges, while Zerodha is India's No. 1 broker with a simple flat fee brokerage model but does not offer a 3-in-1 account.

9. Investment Options:

   • Both brokers provide a variety of investment options, including stocks/equities, commodities, currencies, IPOs, mutual funds, bonds, NCDs, and more.

10. Order Types:

    • The article lists different order types offered by HDFC Securities and Zerodha, such as Bracket Order, Cover Order, Buy Today Sell Tomorrow (BTST), Sell Today Buy Tomorrow (STBT), After Market Order (AMO), and Good Till Cancelled (GTC).

11. Research Reports:

    • HDFC Securities and Zerodha offer research-related features such as daily market reports, free tips, quarterly result analysis, and news alerts.

12. Suitability for Investor Types:

    • The article categorizes the suitability of HDFC Securities and Zerodha for casual investors, active investors, and traders.

In conclusion, the provided article offers a comprehensive comparison between HDFC Securities and Zerodha, covering various aspects that investors consider when choosing a brokerage platform. Investors can use this information to align their preferences and requirements with the features and offerings of each broker.