Zerodha vs HDFC Securities Charges: A Detailed Comparison of its Features, Charges and Trading Plateforms

zerodha_vs_hdfc_securities
zerodha_vs_hdfc_securities

Zerodha vs HDFC Securities: Attention stock traders! Are you wondering which stockbroker is right for you? Look no further than Zerodha and HDFC Securities, two of the most popular stockbrokers in India.

In this blog post, we will compare Zerodha and HDFC Securities in terms of their features, charges, and trading platforms, so you can make an informed decision about which broker is best for your needs.

what you can expect to learn in this blog post:

  • Brokerage charges: How much does each broker charge for equity delivery, equity intraday, F&O, and currency trading?
  • Trading platforms: Which broker offers the best trading platforms in terms of features, usability, and stability?
  • Customer service: Which broker offers better customer support?
  • Additional features: What other features and benefits does each broker offer?

Stay tuned for our detailed comparison of Zerodha and HDFC Securities!

Zerodha vs HDFC Securities: About

HDFC Securities

HDFC Securities is a leading full-service stock broker in India. It is a subsidiary of HDFC Bank and allows customers to trade and invest in a variety of financial instruments, including shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, and stock portfolios. HDFC Securities is a SEBI registered broker and a member of BSE, NSE, MCX, CDSL, and NSDL. It provides trading services through multiple trading platforms…….read more

Zerodha

Zerodha is India’s largest and most reputed discount broker. It offers flat fee brokerage services for investing in equity, currency, commodity, IPO, futures and options, bonds, government securities, and direct mutual funds. Zerodha charges no brokerage for equity delivery trades and direct mutual funds. For intraday and futures trades, it charges a flat fee of Rs. 20 or 0.03%, whichever is lower, per trade. For options trades, it charges a flat fee of Rs. 20 per executed order…….read more

Zerodha vs HDFC Securities: Overview

DetailsHDFC SecuritiesZerodha
Type of brokerFull serviceDiscount
Exchange membershipBSE, NSENSE, BSE, MCX, NCDEX
Founded in20022010
Founded byHDFC Bank Pvt. Ltd.Nithin Kamath and Nikhil Kamath
CEODhiraj RelliNithin Kamath
HeadquarterMumbai, IndiaBengaluru, India, at 153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru – 560078.
Users14.5 million active clients15 million+ (9.5 Active users)
Download on Playstore5M+10M+
Rating on Playstore⭐ 4.3 Out of ⭐ 5.0 (Based on 112K Votes) ⭐ 4.0 Out of ⭐ 5.0 (Based on 326K Votes)
Number of branches500+ branches across India75+ Branches
Websitewww.hdfcsec.comzerodha.com

Zerodha vs HDFC Securities: Features

FeatureHDFC SecuritiesZerodha
3 in 1 AccountYesNo
ChartingYesYes
Automated TradingNoYes
SMS AlertsYesNo
Online DemoYesYes
Online PortfolioYesNo
Margin Trading FundingNoNo
Margin Against Shares (Equity Cash)YesYes
Margin Against Shares (Equity F&O)NoYes
Trading PlatformProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, DigifyKite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time3:30 PM3:15 PM (Eq Cash), 3:25 PM (Eq F&O), 4:45 PM (Currency), 25 min before close (Commodities)
Trading In SME Shares Allowed?Yes
Referral ProgramYes
Other FeaturesE-Margin, ENCASH, Direct Mutual Funds, APIs for Algo TradingDirect Mutual Funds

Zerodha vs HDFC Securities Charges

Zerodha vs HDFC Securities: Account Opening and AMC Charges Comparison

ChargeHDFC SecuritiesZerodha
Trading Account Opening ChargeRs 999Rs 200
Trading Account AMC ChargeFreeFree
Demat Account Opening ChargeFreeFree
Demat Account AMC ChargeRs 750Rs 300

Best One: Zerodha has lower account opening and AMC charges than HDFC Securities.

Zerodha vs HDFC Securities: Brokerage Charges Comparison

TypeHDFC SecuritiesZerodha
Equity Delivery0.32%Free
Equity Intraday0.032% or Rs 20, whichever is lowerRs 20 per executed order or .03%, whichever is lower
Equity FuturesRs 20 per tradeRs 20 per executed order or .03%, whichever is lower
Equity OptionsRs 20 per tradeRs 20 per executed order
Currency FuturesRs 20 per executed order or .03%, whichever is lowerRs 20 per executed order or .03%, whichever is lower
Currency OptionsRs 20 per executed orderRs 20 per executed order
Commodity FuturesRs 20 per executed order or .03%, whichever is lowerRs 20 per executed order or .03%, whichever is lower
Commodity OptionsRs 20 per executed orderRs 20 per executed order

Best One: Zerodha has lower brokerage charges than HDFC Securities for all types of trades. However, HDFC Securities offers a Lite 199 Yearly Subscription Plan that can be cost-effective for traders who have a low volume of trades.

Overall, Zerodha is the better choice for most traders due to its lower brokerage charges.

Zerodha vs HDFC Securities: Brokerage Charges Plan-2

Account TypeHDFC Securities Alpha 1,999 Yearly Subscription PlanZerodha Flat Brokerage Plan
Fixed ChargesRs 1999 per yearRs 0
Equity Delivery0.18%Free
Equity Intraday0.018%Rs 20 per executed order or 0.03%, whichever is lower
Equity FuturesRs 20 per tradeRs 20 per executed order or 0.03%, whichever is lower
Equity OptionsRs 20 per tradeRs 20 per executed order
Currency FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Currency OptionsRs 20 per executed orderRs 20 per executed order
Commodity FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Commodity OptionsRs 20 per executed orderRs 20 per executed order

Best one: Zerodha has lower brokerage charges than HDFC Securities Alpha 1,999 Yearly Subscription Plan for all types of trades, except for equity delivery trades where HDFC Securities has a slight edge. However, HDFC Securities charges an annual fixed fee of Rs 1999, while Zerodha has no annual fixed fee.

Overall, Zerodha is the better choice for most traders due to its lower brokerage charges and lack of annual fixed fee.

Zerodha vs HDFC Securities: Brokerage Plan-3

Account TypeHDFC Securities Alpha 4999 Yearly Subscription PlanZerodha Flat Brokerage Plan
Fixed ChargesRs 4,999 per yearRs 0
Equity Delivery0.10%Free
Equity Intraday0.010%Rs 20 per executed order or 0.03%, whichever is lower
Equity FuturesRs 20 per tradeRs 20 per executed order or 0.03%, whichever is lower
Equity OptionsRs 20 per tradeRs 20 per executed order
Currency FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Currency OptionsRs 20 per executed orderRs 20 per executed order
Commodity FuturesRs 20 per executed order or 0.03%, whichever is lowerRs 20 per executed order or 0.03%, whichever is lower
Commodity OptionsRs 20 per executed orderRs 20 per executed order

Better One: Zerodha has lower brokerage charges than HDFC Securities Alpha 4999 Yearly Subscription Plan for all types of trades, except for equity delivery trades where HDFC Securities has a slight edge. However, HDFC Securities charges an annual fixed fee of Rs 4,999, while Zerodha has no annual fixed fee.

Overall, Zerodha is the better choice for most traders due to its lower brokerage charges and lack of annual fixed fee.

Additionally, Zerodha’s Flat Brokerage Plan is very simple and easy to understand. There are no hidden charges or conditions.

Zerodha vs HDFC Securities: Transaction Charges Comparison

TransactionHDFC SecuritiesZerodha
Equity Delivery0.00325%NSE 0.00325%, BSE 0.00375% (each side)
Equity Intraday0.00325%NSE 0.00325%, BSE 0.00375% (sell side)
Equity Futures0.00190%NSE 0.00190%
Equity Options0.050% (on premium)NSE 0.0625% (on premium)
Currency Futures0.00110%NSE 0.00090%, BSE 0.00025%
Currency Options0.040% (on premium)NSE 0.035%, BSE 0.001% (on premium)
CommodityGroup A – 0.0026%N/A

Result: Zerodha has lower transaction charges than HDFC Securities for all types of transactions, except for equity delivery and equity intraday transactions where HDFC Securities has a slight edge on the NSE. However, HDFC Securities has higher transaction charges than Zerodha on the BSE for equity delivery and equity intraday transactions.

Overall, Zerodha is the better choice for most traders due to its lower transaction charges.

Zerodha vs HDFC Securities: Margin Comparison

SegmentHDFC SecuritiesZerodha
Equity Delivery100% (1x)100% (1x)
Equity IntradayUp to 20% (5x)Up to 20% (5x)
F&O (Equity, Currency, Commodity)100% of NRML margin (Span + Exposure) (1x)100% of NRML margin (Span + Exposure) (1x)

Result: HDFC Securities and Zerodha offer the same leverage for all segments. Both brokers offer up to 5x leverage for equity intraday trading and 1x leverage for equity delivery and F&O trading.

Zerodha vs HDFC Securities: Demat Account Charges

ChargeHDFC SecuritiesZerodha
Dematerialisation Charges₹5 per certificate + ₹35 per Dematerialisation request submitted₹150 per certificate (+ ₹100 Courier charges)
Rematerialisation Charges₹30 per request + CDSL actuals₹150 per certificate + CDSL charges + ₹100 Courier charges
Transaction Charges (Credit or Buy)0.04% of the value of txn subj to min Rs 20 per txn done by EASIEST. For BSDA a/c it’s 0.06%, Min Rs 400.04% of the value of txn subj to Min Rs 25 per txn
Transaction Charges (Debit or Sell)0.04% of the value of txn subj to Min Rs 20 per txn done by EASIEST. For BSDA a/c it’s 0.06%, Min Rs 450.04% of the value of txn subj to Min Rs 25 per txn
Pledge Creation ChargesNil₹30 per request + GST
Pledge Creation Confirmation ChargesIf the pledge is marked in favour of HDFC Bank: 0.02% of the value of the txn subject to min of Rs 40 per txn, 0.04% of the value of the txn subject to min of Rs 60 per txn for BSDA a/c₹0
Pledge Invocation ChargesIf the pledge is marked to other than HDFC Bank: 0.04% of the value of the txn subject to min of Rs 40 per txn, 0.06%, of the value of the txn subject to min of Rs 60 per txn for BSDA a/c₹20
Failed Instruction ChargesNil₹50 per ISIN

Zerodha vs HDFC Securities: Other Charges

ChargeHDFC SecuritiesZerodha
Mailing charges for non-periodic statements & other communicationRs 35 for inland & Rs 500 for foreign address₹50 (+Courier charges at actual)
For restoring services if account is suspended for non payment of chargesRs 250N/A
Reissuance of Delivery Instruction Booklet (DIB)Rs 75 per BookletN/A
Settlement ChargesRs 250 pm for CM Principle account & Unified Settlement account & Rs 500 p.m for CM Settlement accountN/A
Cheque Bounce₹350N/A

Zerodha vs HDFC Securities: Investment Options

Investment OptionHDFC SecuritiesZerodha
Stock/EquityYesYes
CommodityYesYes
CurrencyYesYes
IPOYesYes
Mutual FundsYesYes
Bond/NCDYesNo
DebtYesNo
Other Investment OptionsInsurance, FD, NCD, Bond, NPS, Loan, NRI Trading

Order Type Offered: Zerodha vs HDFC Securities

Order TypeHDFC SecuritiesZerodha
Bracket OrderYesNo
Cover OrderYesYes
Buy Today Sell Tomorrow (BTST)YesNo
Sell Today Buy Tomorrow (STBT)NoNo
After Market Order (AMO)NoYes
Good Till Cancelled (GTC)YesYes

Research Report: Zerodha vs HDFC Securities

Research ReportHDFC SecuritiesZerodha
Daily Market ReportYesNo
Free TipsYesNo
Quarterly Result AnalysisYesNo
News AlertsYesNo

Zerodha vs HDFC Securities: Best For

Investor TypeHDFC SecuritiesZerodha
Casual InvestorYesYes
Active InvestorYes
TraderYes

Zerodha vs HDFC Securities: Trading Plateforms

FeatureHDFC SecuritiesZerodha
Web platformYesYes
Android mobile appYesYes
Desktop WindowsYesYes
Desktop MacNoYes
iPad appNoYes
Virtual tradingNoNo
iPhone mobile appNoYes

Best One: Zerodha offers more trading platforms than HDFC Securities, including a Mac desktop app, an iPad app, and an iPhone mobile app.

Additionally, Zerodha offers virtual trading, which is a great way for new traders to practice trading without risking real money.

Zerodha vs HDFC Securities: Customer Support

FeatureZerodhaHDFC Securities
Relationship managerNoYes
Offline tradingNoNo
Online tradingYesYes
24/7 supportYesNo
Email supportYesYes
Chat supportYesNo
Toll-free numberNoNo
Support branches0156

Best One: HDFC Securities offers a wider range of customer support features than Zerodha, including a relationship manager, offline trading, and support branches. However, Zerodha offers 24/7 support and chat support, which HDFC Securities does not.

Overall, Zerodha offers more convenient and accessible customer support features than HDFC Securities.

Zerodha vs HDFC Securities: Regulatory

Both Zerodha and HDFC Securities are regulated by the Securities and Exchange Board of India (SEBI), the national securities market regulator of India. They are also members of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

ZerodhaHDFC Securities
MembershipsSEBI, NSE, BSE, MCXSEBI, BSE, NSE, MCX
OthersNCDEX (National Commodity and Derivatives Exchange)

Both Zerodha and HDFC Securities are also members of the Investor Protection Fund (IPF), which is a fund set up by the SEBI to protect investors in case a broker defaults on its obligations.

Regulatory Compliance

Both Zerodha and HDFC Securities have a good track record of regulatory compliance. In the past, Zerodha has been fined by SEBI for minor violations, such as failing to maintain adequate records and failing to provide certain information to its clients. However, there have been no major regulatory violations against HDFC Securities.

Overall, both Zerodha and HDFC Securities are well-regulated stockbrokers with a good track record of compliance.

Zerodha vs HDFC Securities:Pros and Cons

HDFC Securities Pros

  • 3-in-1 account with HDFC Bank
  • India’s No. 1 broker in terms of active clients and exchange volume
  • Safe, reliable, and technologically advanced
  • Simple flat fee brokerage services across segments and exchanges
  • Free equity delivery trades
  • Excellent trading platforms (Kite)
  • Direct Mutual Fund Investment
  • Good Till Triggered (GTT) orders
  • NRI Trading account

HDFC Securities Pros

  • Must also open a savings bank account and DP account with HDFC Bank
  • Very high brokerage charges
  • Charges minimum brokerage of Rs 25
  • Does not provide stock tips, research, and recommendations
  • Call & Trade and Auto Square off charged extra
  • Does not offer a 3-in-1 account, monthly unlimited trading plans, AMC Free Demat account, or margin funding

Zerodha Pros

  • Free equity delivery trades
  • Flat Rs 20 per trade brokerage for all other segments
  • Excellent trading platforms (Kite)
  • Direct Mutual Fund Investment
  • Good Till Triggered (GTT) orders
  • NRI Trading account

Zerodha Cons

  • Does not offer a 3-in-1 account
  • Does not offer monthly unlimited trading plans
  • Does not offer an AMC Free Demat account
  • No margin funding

Final Words about Zerodha vs HDFC Securities

Both are Good. But, Zerodha is a better choice than HDFC Securities for most traders due to its lower brokerage charges, more comprehensive set of trading platforms, and more convenient and accessible customer support features.

FAQs

Zerodha is generally considered a better choice than HDFC SEC for most traders. Zerodha offers lower brokerage charges, a more comprehensive set of trading platforms, and more convenient and accessible customer support features.

Yes, you can switch from HDFC Securities to Zerodha.

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