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HDFC Securities review

Let's take a look at the pros and cons of trading with one of India's oldest stockbrokers.

HDFC Securities is one of the biggest trading platforms in India and offers customers quick and fairly competitive ways to trade.

Account management can all be enjoyed from your computer or mobile phone. Alternatively, get your investment needs met by visiting one of 250 or so HDFC branches across the country.

Read on to find out what you need to know about HDFC Securities.

About HDFC Securities

HDFC Securities Ltd is a stockbroker and distribution arm of HDFC bank, a major provider of banking services to both corporate and individual customers across India.

When it comes to trading, HDFC Securities counts over two million demat accounts – the mandatory way to hold shares and securities in an electronic format – and is backed by a distribution network of more than 3,500 demat centres nationwide.

Is HDFC Securities trustworthy?

Having an account with HDFC Securities can offer a safe and worry-free to make and track your investments. This shouldn’t come as a surprise given that HDFC Bank was one of the first companies to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. Today, HDFC remains a name you can trust when it comes to security measures for its customers.

Note: Investing and trading itself always carries risks which you should be aware of, so read up before you start investing. Do your research and compare a range of brokers in India before signing up with any trading platform.

What markets can I trade with HDFC Securities?

With HDFC Securities, you can invest in a range of trading options including:

  • Derivatives
  • Mutual Funds
  • Equities
  • IPOs
  • Fixed Deposits

HDFC Securities highlights

Here are the notable account features worth highlighting:

  • Three-in-one account. With HDFC Bank, you’ll get a three-in-one account which includes a bank account and a free demat account – both linked to your online trading account with a unique login ID and password, giving you the peace of mind you’ll want.
  • Fast, hassle-free trading. Take advantage of customised stock alerts, an advanced portfolio tracker, research reports and lots more.
  • Security features. You are able to track any potentially unauthorised transactions in your demat account via your mobile. Get real-time alerts on your phone for debit and other key transactions.
  • Customer service. HDFC Securities offers separate contact numbers for trading and customer care teams. Its demat account services team are available between 8:30am to 5:30pm from Monday to Saturday (however, the service isn’t available on the second or fourth Saturday of the month).

What are HDFC Securities’ fees?

Trading fees are fees linked with buying and selling financial products. These fees often include commissions, spreads, and currency conversion fees. Upon opening an account with HDFC, you’ll have to pay a one-off fee of ₹999. An equity delivery brokerage fee of 0.50% is just one example of the charges you’ll face – the full pricing list can e viewed on HDFC’s website.

It’s a good idea to get in touch with HDFC Securities customer support team to understand how much you could end up paying depending on your account type and how you intend to trade.

Pros and cons

Pros

  • Seamless trading experiences – choose between online, phone, in-branch or via an app
  • There’s a first-year annual fee waiver of ₹750 for your demat account
  • Mobile transaction alerts offer an added layer of security

Cons

  • Expensive brokerage fees
  • To trade, you must open a savings or current account with HDFC Bank

How do I open an HDFC Securities account?

It’s easy to create an HDFC Securities account. Simply apply online by clicking the ‘Go to site’ button at the top of this page. During HDFC’s sign up process you can expect to:

  • Supply your full name
  • Enter your email address and phone number
  • Create a username and password
  • Supply proof of ID
  • Give your Permanent Account Number (PAN)

To become a registered user of HDFC securities, you will have to first open a savings or current account and demat account with HDFC Bank. Existing customers can just open their trading account and proceed with the registration.

You’ll typically need to show proof of income for trading in derivatives.

Eligibility requirements

As a minimum, the eligibility requirements will include:

  • You must be an Indian resident, or a non-resident individual (not based in the US).
  • Indian corporates can also register to trade with HDFC.

Bottom line

HDFC Securities offers a wide range of trading options to suit different needs and could offer a seamless way of investing in the stock market and mutual funds. However, before you choose a trading account you should consider your purpose for investing and individual preferences, clarifying any questions you may have with a provider and comparing a number of share trading options.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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