When it comes to choosing the right stockbroker, many remain concerned about its reliability and safety. So if you are looking forward to opening HDFC Demat Account, then let’s provide you the detail of is HDFC Securities good?
Is HDFC Securities Good for Trading?
Most stockbrokers offer a 2-in-1 service these days but since HDFC Securities is a bank-based stockbroker, it provides 3-in-1 services, i.e, demat account, trading account, and bank savings account.
The steps to open an account with HDFC are also very simple. All you have to do is put your personal, KYC, and bank details online, complete a video verification process and e-sign your documents.
On validation of the details, your account gets activated offering you the following offerings:
- Personal Relationship Manager
- Research and advisory
- Option to apply for IPOs
- 4 Times margin trading facility
Now when it comes to the question of whether the stockbroker is a good service provider or not, then it becomes important to look at the charges as well.
How Much HDFC Securities Charges?
Here is the complete information of the fees and charges associated with the account opening and trading with the broker.
| HDFC Securities Charges | |
| Demat Account Opening | Free |
| AMC Charges | ₹750 |
| Brokerage Charges | Equity Delivery: 0.50% or ₹25 whichever is higher |
| Equity Intraday: 0.05% or ₹25 whichever is higher | |
| Equity Futures: 0.05% or ₹25 whichever is higher | |
| Equity Options: 1% of premium or ₹100 per lot (whichever is higher) | |
| Currency Futures: ₹23 per contract | |
| Currency Options: ₹20 per contract |
Is HDFC Securities App Safe?
The broker gives you its own mobile trading app that you can download from both Google Play Store and the App Store. It comes with advanced features such as Interactive demos, notification features, and Intraday real-time charting.
| HDFC Securities App Review | |
| App Name | HDFC Securities Mobile App |
| Downloads | 1,000,000+ |
| Rating |  |
The latest update of the app provides you with some additional features like:
- Smart Order Routing (SOR) allows you to buy stocks at the best price.
- Allows you to apply for derivatives/MF privileges in one go.
You can also trade using the web terminal provided by the broker.
Summing up, when it comes to the reliability HDFC provides some really attractive features that ease your way of trading and except for Equity Delivery, the trading charges are on the lower side too.
We hope we gave you an overview of HDFC securities. Based on these parameters, you can decide for yourself whether to open an account with the broker or not.
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