HD
HDFC Securities
Bank BrokerAccount openingFree
AMC₹750 per year
Intraday0.05%
Broker Comparison
HDFC Securities vs SBI Securities
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
SB
SBI Securities
Bank BrokerAccount opening₹0
AMC₹750
Intraday0.05% per trade.
HDFC Securities vs SBI Securities: Quick comparison
Key charges and account features side by side.
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| Feature | HDFC Securities | SBI Securities |
|---|---|---|
| Broker type | Bank Broker | Bank Broker |
| Account opening | Free | ₹0 |
| Annual maintenance | ₹750 per year | ₹750 |
| Equity delivery | 0.50% | 0.50% per trade. |
| Equity intraday | 0.05% | 0.05% per trade. |
| Futures | 0.05% | 0.05% per trade. |
| Options | ₹100 per lot | ₹100 per lot. |
| Commodity | 0.02% for Intraday / 0.025% for Carry Forward (or ₹20 minimum) | 0.05% of turnover |
| Currency | ₹20 flat per contract | 0.03% of total turnover value |
| DP charges | ₹20 + GST | 0.01% of the trade value (Minimum ₹21, Maximum ₹300) per debit transaction |
| Auto Square Off | ₹50 + GST per executed order | ₹49 per executed order |
| Call & trade | ₹0 (Free) | ₹49 per executed order |
| Customer support | Official app/web help centre, ticket, email and/or phone support. | Official app/web help centre, ticket, email and/or phone support. |
| Active Users | HDFC Securities has approximately 1.65 million active clients. | NSE Active Clients: ~11.17 Lakh (1.11 million) active users |
About HDFC Securities
HDFC Securities, incorporated in 2000, is a leading full-service stockbroker backed by HDFC Bank. It is a SEBI-registered intermediary and a member of major exchanges, including NSE, BSE, MSEI and MCX, while offering depository services through CDSL and NSDL.
The company allows customers to invest and trade in equity, derivatives, mutual funds, IPOs, ETFs, bonds, commodities, currencies and other financial products. Customers can access these services through HDFC Securities’ online platforms, mobile applications and assisted investment services.
HDFC Securities also offers a convenient 3-in-1 account that links an HDFC Bank savings account with a trading and Demat account. This enables automatic fund transfers and provides customers with a seamless way to manage their banking, investments and securities from an integrated account. Brokerage charges vary depending on the chosen plan, trading segment and applicable offer.
About SBI Securities
SBI Securities Limited is the stockbroking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Limited. Founded in 2006, it operates as a full-service stock broker offering retail and institutional equity broking, derivatives trading, depository services, and third-party financial products.
Its online trading platform allows resident Indians and NRIs to invest in equities, derivatives, mutual funds, ETFs, IPOs, and NCDs. The company also offers access to selected lending products, including home loans, car loans, and loans against securities.
SBI Securities is registered with SEBI and acts as a Depository Participant with both NSDL and CDSL. It also provides online trading services for NRIs, although availability and account features may vary depending on the investor’s country of residence and applicable regulations.
Trading Platforms & Tools
- HDFC Securities offers the InvestRight mobile app and Trader’s Web platform for investing and trading in equities, derivatives, mutual funds, IPOs, ETFs and other financial products. These platforms include real-time market data, watchlists, portfolio tracking, advanced charts and research insights.
- HDFC SKY is its digital discount-broking platform, available through a mobile app and web platform. It provides TradingView-powered charts, technical indicators, multiple order types, portfolio tracking, watchlists, research reports and multi-asset trading facilities.
- Experienced traders and market researchers can use ProTerminal for advanced market analysis, real-time information, research tools and derivative strategies. HDFC Securities also provides assisted trading services for customers who prefer placing orders through its dealing desk.
Products Offered
- HDFC Securities offers equities, futures and options, commodities, currencies, mutual funds, ETFs and IPOs. It also provides bonds, government securities, fixed deposits, insurance and NPS investment options.
Trading Platforms & Tools
- SBI Securities offers web and mobile trading platforms for investing in equities, derivatives, mutual funds, ETFs, IPOs, NCDs, and other products. Its platforms include features such as watchlists, live market data, portfolio tracking, research reports, online order placement, and account management, along with call-and-trade and offline support services.
Products Offered
- SBI Securities offers a wide range of products, including equities, derivatives, mutual funds, ETFs, IPOs, NCDs, bonds, corporate fixed deposits, 3-in-1 account and depository services. It also provides selected lending products such as home loans, car loans, and loans against securities.
HDFC Securities pros and cons
Pros
- Offers a convenient 3-in-1 bank, trading and Demat account.
- Provides a wide range of investment and trading products.
- Backed by HDFC Bank with strong research and customer support.
Cons
- Brokerage charges can be higher than discount brokers.
- Some advanced trading tools may feel complex for beginners.
SBI Securities pros and cons
Pros
- Maximum Safety: Backed fully by State Bank of India, offering high reliability for large long-term portfolios.
- 3-in-1 Integration: Links SBI bank, demat, and trading accounts for instant, seamless fund transfers.
- Physical Branch Network: Provides extensive offline customer support through pan-India bank branches and investment desks.
Cons
- High Standard Fees: Charges up to 0.50% for equity delivery, making it expensive compared to discount brokers.
- Costly Operational Charges: Imposes a high minimum DP fee of ₹21 per scrip alongside steep auto square-off penalties.
Which broker should you choose?
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Read complete broker reviews
Frequently asked questions
Is HDFC Securities a trusted stockbroker?
Yes. HDFC Securities is a SEBI-registered full-service stockbroker backed by HDFC Bank and has operated for more than 20 years.
Does HDFC Securities offer a 3-in-1 account?
Yes. Its 3-in-1 account connects an HDFC Bank savings account with a Demat and trading account for convenient fund transfers and investments.
What products can I invest in through HDFC Securities?
Customers can invest in equities, futures and options, mutual funds, IPOs, bonds, ETFs, commodities, currencies and other financial products.
What is the difference between HDFC Securities and HDFC SKY?
HDFC Securities is a full-service brokerage platform offering research and assisted services, while HDFC SKY is its digital discount-broking platform with flat-fee pricing.
What brokerage does HDFC SKY charge?
HDFC SKY generally charges ₹20 per order or the applicable percentage-based limit, whichever is lower. Charges vary by trading segment and order type.
Is HDFC SKY account opening free?
Yes. HDFC SKY currently offers zero account-opening charges through a completely digital application process.
Does HDFC SKY charge Demat AMC?
Demat AMC is waived for the first year. After that, the published charge is ₹20 per month.
Which documents are required to open an account?
Applicants generally need a PAN card, identity and address proof, bank details and an Aadhaar-linked mobile number for online KYC.
Can I invest in mutual funds without a trading account?
Yes. HDFC Securities’ Digify platform allows eligible investors to invest in mutual funds without opening a Demat or trading account.
Can an existing HDFC Securities customer switch to HDFC SKY?
Yes, but the existing HDFC Securities account may need to be closed before switching. The account must have no open positions, pending orders, negative balance or remaining securities.
What are the charges to open a Demat and Trading Account?
Online digital account opening is ₹0 (Free), though physical application routes may attract minor documentation or stamp fees
Does SBI Securities offer a 3-in-1 integrated account?
Yes, it links your SBI Savings Bank Account, Demat Account, and Trading Account for instant, paperless fund transfers.
What are the document requirements to open an account?
Resident Indians require a PAN Card, Aadhaar Card (linked to a mobile number for OTP), a canceled cheque/bank proof, and a live photo via e-KYC.
What is the standard brokerage under the basic eZ-Trade plan?
The standard plan charges a percentage fee of 0.50% for Equity Delivery and 0.05% for Equity Intraday trading
What is the SBI Securities ProZero plan?
The SBI Securities ProZero Plan is a discount tier providing lifetime ₹0 brokerage on Intraday trading across Equity and F&O segments.
How much does carrying forward a Futures or Options position cost?
Under flat-fee models like ProZero, overnight positional F&O trades are priced at a flat ₹20 per executed order.
How does the E-Margin / Margin Trading Facility (MTF) work here?
The SBI Securities E-Margin Facility provides up to 4x buying leverage on over 700 selected stocks. You pay a 25% upfront margin, and SBI funds the remaining 75%
What is the interest rate charged on E-Margin (MTF) allocations?
SBI Securities charges 0% interest for the first 23 trading days. From the 24th trading day onward, interest applies at 0.04% per day (~14.6% annually)
Is SBI Securities a full-service stock broker?
Yes, SBI Securities is a full-service stock broker offering equity trading, derivatives, mutual funds, IPOs, ETFs, NCDs, depository services, research support, and other investment products.
Can NRIs open an account with SBI Securities?
Yes, SBI Securities provides trading and investment services to NRIs. However, available products and account features may vary according to the investor’s country of residence and regulatory requirements.