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.

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
Review	HDFC Securities Review	IIFL 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

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:

Point By Point Comparison of IIFL with other Brokers:

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