HDFC Securities Vs IIFL : Side By Side Comparison

In this page, I am providing side by side comparison of IIFL (India Infoline) Vs HDFC Securities.

HDFC Securities is a brokerage arm of HDFC bank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.

Whereas IIFL is a full service broker and provides many services to its clients. Both of these brokers offer research and recommendation to their customers.

But still there are lot of differences between these two brokers.

 

hdfc-securities-vs-iifl-1

I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.

However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.

Here is the comparison of IIFL Vs HDFC Securities:

Parameters

HDFC Securities

IIFL

hdfc-securities-logo
IIFL Logo
Review
Type of Broker
Full Service Broker
Full Service Broker
Incorporation Year
2000
1995
Supported Exchanges
NSE & BSE
NSE, BSE, MCX-SX , MCX and NCD-EX

Account Related Charges

Trading Account Opening Fees
Rs 990
Rs 750
Trading Account AMC
Rs 0
Rs 0
Demat Account Opening Fees
Rs 0
Rs 555
Demat Account AMC
Rs 750
Rs 300

Brokerage Charges

Equity Delivery Brokerage
0.5%
0.5%
Equity Intraday Brokerage
0.1%
0.05%
Equity Futures Brokerage
0.05%
0.05%
Equity Options Brokerage
Rs 100/lot
Rs 100/lot or 1% of premium which ever is higher
Currency Futures Trading Brokerage
Rs 23 per contract
0.05%
Currency Options Trading Brokerage
Rs 20 per contract
Rs 100/lot or 1% of premium which ever is higher
Commodity Trading Brokerage
NA
0.03%
Minimum Brokerage Charges
Rs 25 per trade
5 paisa per share
Monthly Unlimited Plans
Brokerage Calculator
HDFC Securities Calculator
IIFL Brokerage Calculator

Transaction Charges

Equity Delivery
0.0031%
0.0035%
Equity Intraday
0.0031%
0.0035%
Equity Futures
0.00180%
0.0021%
Equity Options
0.050% (On Premium)
0.051% (On Premium)
Currency Futures
0.00120%
0.0021%
Currency Options
0.050% (On Premium)
0.051% (On Premium)
Commodity
NA
0.028%

Exposure

Equity
Upto 20 times Intraday and 2 times Delivery
Upto 20 times Intraday and 3 times for Delivery
Equity Futures
No Leverage for Intraday
3 times for Intraday
Equity Options
No Leverage for Intraday
Buying No leverage and Shorting upto 3 times
Currency Futures
No Leverage for Intraday
2 times for Intraday
Currency Options
No Leverage for Intraday
Buying No leverage and Shorting upto 2 times
Commodities
NA
Upto 2 times intraday

Features

3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
SMS Alerts
Margin Funding
Trading Platform
HDFC Securities BLINK
Trader Terminal (TT), Market App, Trader web

Investment Services

Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds

Customer Service Channels

24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers

Research Reports/Tips/Recommendations

Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory

Promotional Offers

  • NIL
  • Zero Account Opening Charges
  • Zero AMC for First Year
open-account
open-account

And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.

Point By Point Comparison of HDFC Securities with other Brokers:

HDFC Securities in comparison with other Stock Brokers

Point By Point Comparison of IIFL with other Brokers:

IIFL in comparison with other Stock Brokers

This article compared the selected brokers. Click here to compare any two stock brokers in India side by side.

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