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Zerodha Vs HDFC Securities
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Zerodha Vs HDFC Securities comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Zerodha Vs HDFC Securities Comparison
Here is a point by point comparison of Zerodha Vs HDFC Securities.
HDFC Securities began its operations, as a full-service stockbroker, in the year 2000 and today it seems to enjoy well-reputed brand name in the stockbroking industry.
At the same time, Zerodha entered the broking industry recently in the year 2010 but by using the concept of discount broking, has definitely come a long way in a short span of time. Choosing between a discount broker vs a full-service broker comes down to your own preferences and trading frequency.
To make things easy for you, we have listed out the comparison between Zerodha 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.
Zerodha Vs HDFC Securities Details
Generally, the above-mentioned aspects are good enough to make a decision based on your preferences 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.
This is how both these stockbrokers stack up against each other:
 |  | |
| HDFC Securities Review | Zerodha Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2000 | 2010 |
| Number of branches across India | 250 | 11 |
| Exchanges | BSE, NSE | BSE, NSE, MCX, MCX-SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹999 | ₹200 (₹300 if you want Zerodha to courier account opening forms) |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹100 |
| Demat Account Annual Maintenance Charges | ₹750 | ₹300 |
| Transaction Charges | HDFC Securities Transaction Charges | Zerodha Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% or ₹25 whichever is higher | ₹0 |
| Intraday Delivery | 0.1% | 0.01% or ₹20 per trade whichever is lower |
| Equity Futures | 0.05% or ₹25 whichever is higher | 0.01% or ₹20 per trade whichever is lower |
| Equity Options | ₹100 per lot | 0.01% or ₹20 per trade whichever is lower |
| Currency Futures | ₹23 per contract | 0.01% or ₹20 per trade whichever is lower |
| Currency Options | ₹20 per contract | 0.01% or ₹20 per trade whichever is lower |
| Commodity | NA | 0.01% or ₹20 per trade whichever is lower |
| Calculate Brokerage | HDFC Securities Brokerage Calculator | Zerodha Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 Times for Intraday & 2 Times for Delivery | Upto 5 times for Intraday |
| Equity Futures | NA for Intraday | Upto 5 times to 20 times for Intraday |
| Equity Options | NA for Intraday | Upto 5 times to 20 times for Intraday |
| Currency Futures | NA for Intraday | Upto 5 times for Intraday |
| Currency Options | NA for Intraday | Upto 5 times for Intraday |
| Commodities | NA | Upto 5 times for Intraday |
| Margin | Zerodha Margin | |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | HDFC Securities Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | HDFC Securities Customer Care | Zerodha 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) | HDFC Securities Blink, HDFC Securities Mobile App | Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader |
| Complaint Percentage of Active Clients | 0.01% | 0.02% |
| 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.
Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.
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 Zerodha Vs HDFC Securities for the benefits of other readers? Please feel free to share in the comments below.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.
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Zerodha Vs HDFC Securities
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