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HDFC Securities Vs Interactive Brokers
| | Broker Comparison, Trading | No Comments
HDFC Securities Vs Interactive Brokers 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:
HDFC Securities Vs Interactive Brokers Comparison
Here is a point by point comparison of HDFC Securities Vs Interactive Brokers.
HDFC Securities is the equity trading arm of HDFC Bank. It was founded in the year 2000 as a joint venture between HDFC Limited, HDFC Bank Limited and IndOcean E-Securities Holding limited.
Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as HDFC Securities, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an 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 HDFC Securities Vs Interactive Brokers 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
HDFC Securities Vs Interactive Brokers Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preference but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| HDFC Securities Review | Interactive Brokers Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2000 | 1977 |
| Number of branches across India | 250 | 1 |
| Exchanges | BSE, NSE | NSE, BSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | INR 999 | ₹0 |
| Trading Account Annual Maintenance Charges | INR 0 | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) |
| Demat Account Opening Charges | INR 0 | ₹0 |
| Demat Account Annual Maintenance Charges | INR 750 | ₹0 |
| Transaction Charges | HDFC Securities Transaction Charges | Interactive Brokers Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% or INR 25 whichever is higher | ₹6 to ₹20 per executed trade |
| Intraday Delivery | 0.1% | ₹6 to ₹20 per executed trade |
| Equity Futures | 0.05% or INR 25 whichever is higher | ₹6 to ₹20 per executed trade |
| Equity Options | INR 100 per lot | ₹6 to ₹20 per executed trade |
| Currency Futures | INR 23 per contract | ₹6 to ₹20 per executed trade |
| Currency Options | INR 20 per contract | ₹6 to ₹20 per executed trade |
| Commodity | NA | NA |
| Calculate Brokerage | HDFC Securities Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 Times for Intraday & 2 Times for Delivery | 4 times for intraday, 2 times for delivery |
| Equity Futures | NA for Intraday | Upto 3 times Intraday |
| Equity Options | NA for Intraday | Buying No Leverage, Shorting Upto 3 times |
| Currency Futures | NA for Intraday | Upto 2 times Intraday |
| Currency Options | NA for Intraday | Buying No Leverage, Shorting Upto 2 times |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| 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 | IB Trader Workstation, IB TWS, IB WebTrader |
| Complaint Percentage of Active Clients | 0.01% | 0.04% |
| 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 HDFC Securities Vs Interactive Brokers for the benefits of other readers?
Please feel free to share in the comments below.
Finally, if you would like to get started with stock market trading or investments in general with a trading and demat account, let us assist you in taking the next steps forward:
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HDFC Securities Vs Interactive Brokers
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