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ICICI Direct Vs HDFC Securities
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs HDFC Securities comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs HDFC Securities Comparison
ICICI Direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
Similarly, HDFC Securities is the equity trading arm of HDFC Bank. This aspect makes both of these broking firms almost similar in their propositions, however, they do differ in different aspects which can play vital roles in a customer’s trading experience.
Full-service brokers such as ICICI Direct and HDFC Securities will help you, spoon feed you, hand hold you through the process, even if you need offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between ICICI Direct Vs HDFC Securities to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
We hope this article helps you to understand which of the two brokers is better for your needs.
ICICI Direct Vs HDFC Securities Details
 |  | |
| HDFC Securities Review | ICICI Direct Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2000 | 2000 |
| Number of branches across India | 250 | 154 |
| Exchanges | BSE, NSE | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹999 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹750 | ₹0 |
| Transaction Charges | HDFC Securities Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% or ₹25 whichever is higher | 0.55% |
| Intraday Delivery | 0.1% | 0.275% |
| Equity Futures | 0.05% or ₹25 whichever is higher | 0.03% to 0.05% |
| Equity Options | ₹100 per lot | ₹35 to ₹95 per lot |
| Currency Futures | ₹23 per contract | 0.03% to 0.05% |
| Currency Options | ₹20 per contract | ₹10 to ₹25 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | HDFC Securities Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 Times for Intraday & 2 Times for Delivery | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | NA for Intraday | Upto 4 times for intraday |
| Equity Options | NA for Intraday | NA |
| Currency Futures | NA for Intraday | NA |
| Currency Options | NA for Intraday | NA |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | ICICI Direct Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Blink | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| NSE Complaints Percentage | 0.01% | 0.01% |
| Complaints | ICICI Direct Complaints | |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers. If yes, would you like to share your experience(s) with ICICI Direct Vs HDFC Securities for the benefits of other readers? Please feel free to share in the comments below.
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