UP
Upstox
Discount BrokerAccount openingFree
AMC₹0 first year
Intraday₹20 or 0.1% per executed order, whichever is lower
Broker Comparison
Upstox vs HDFC Securities
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-02
HD
HDFC Securities
Bank BrokerAccount openingFree
AMC₹750 per year
Intraday0.05%
Upstox vs HDFC Securities: Quick comparison
Key charges and account features side by side.
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| Feature | Upstox | HDFC Securities |
|---|---|---|
| Broker type | Discount Broker | Bank Broker |
| Account opening | Free | Free |
| Annual maintenance | ₹0 first year | ₹750 per year |
| Equity delivery | ₹20 per executed order | 0.50% |
| Equity intraday | ₹20 or 0.1% per executed order, whichever is lower | 0.05% |
| Futures | ₹20 or 0.05% per executed order, whichever is lower | 0.05% |
| Options | ₹20 per executed order | ₹100 per lot |
| Commodity | ₹20 per executed order or 0.05% (whichever is lower) | 0.02% for Intraday / 0.025% for Carry Forward (or ₹20 minimum) |
| Currency | ₹20 per executed order or 0.05% (whichever is lower) | ₹20 flat per contract |
| DP charges | ₹20.0 + GST | ₹20 + GST |
| Auto Square Off | ₹50 + GST | ₹50 + GST per executed order |
| Call & trade | ₹75 + GST | ₹0 (Free) |
| 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 | Approximately 2.5 million active clients. | HDFC Securities has approximately 1.65 million active clients. |
About Upstox
Upstox is a technology-driven discount broker in India that offers online investing and trading services at competitive charges. Users can trade in equities, commodities, currencies, futures, and options through its mobile and web-based platforms.
The company is backed by prominent investors, including Ratan Tata and Kalaari Capital. Upstox focuses on providing a simple, fast, and accessible trading experience for both beginners and active traders.
Its trading platforms offer advanced charts, technical indicators, watchlists, order management tools, and portfolio tracking features. Users can access equity delivery, intraday trading, futures and options, commodities, and currency derivatives through a single Upstox account.
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.
Trading Platforms & Tools
- Upstox offers web and mobile trading platforms designed for investors and active traders. Its tools include advanced charts, technical indicators, multiple order types, customizable watchlists, price alerts, option chain analysis, portfolio tracking, and real-time market data. Users can trade in equities, futures and options, commodities, and currencies, as well as invest in mutual funds, IPOs, ETFs, and other financial products through a single account
Products Offered
- Upstox offers a wide range of investment and trading products, including equity delivery, intraday trading, futures and options, commodities, currencies, mutual funds, IPOs, ETFs, bonds, and government securities. Users can access and manage these products through a single Demat and trading account.
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.
Upstox pros and cons
Pros
- Advanced trading tools and charts
- Wide range of investment products
- Low and transparent brokerage
Cons
- Does not offer a 3-in-1 account.
- Does not offer unlimited monthly trading plans.
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.
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 Upstox a SEBI-registered stock broker?
Upstox operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
What are the brokerage charges at Upstox?
Upstox brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Does Upstox charge Demat AMC?
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
Which products are available on Upstox?
The products field on this page lists the major investment and trading segments available through Upstox. Availability and activation requirements may vary by user and segment.
Who should consider Upstox?
Upstox may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
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.