Zerodha Vs HDFC Securities – Compare Best Discount & Full Service Broker

Zerodha Vs HDFC Securities – Comparison:

Comparing Zerodha vs HDFC Securities in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

Whereas, HDFC Securities is an awarded stockbroker of India having a presence across 2300 sub-brokers, 61 branches & numerous happy customers throughout India.

Notable Features: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
Related Post:   Omnesys NEST Vs. ODIN: The Comparison Of Two Great Trading Applications In India

HDFC Securities

  1. It doesn’t have a 3-in -1 account.
  2. Margin Trading facility available.
  3. Multiple brokerage plan options are available.
  4. They provide support to the customer on research reports and advice. 
  5. Mobile trading facility not available for NSE trading. 
Zerodha Vs HDFC Securities
Zerodha Vs HDFC Securities

Zerodha Vs HDFC Securities Overview 

Comparing Zerodha vs HDFC Securities based on overall customer service we derived the below-mentioned details.

Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

OverviewZerodhaHDFC Securities
Organization TypePrivatePublic
Broker CategoryDiscount BrokerFull-Service Broker
Head OfficeBangalore, IndiaMumbai, India
Founded ByNithin KamathBharat Shat
Commencement Year20102000

Zerodha Vs HDFC Securities Customer Ratings:

Comparing Zerodha vs HDFC Securities based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, HDFC Securities is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Customer RatingsZerodhaHDFC Securities
On Experience5.7 out of 108.0 out of 10
On Products & Services8.5 out of 108.0 out of 10
On Brokerage Charges & Fees9.5 out of 105.0 out of 10
On Stock Research & Advisory4.0 out of 106.2 out of 10
On Trading Platforms9.0 out of 107.0 out of 10
On Overall Ratings7.4 out of 106.8 out of 10
On Star Ratings★★★★★★★★★☆

Zerodha Vs HDFC Securities AOC & AMC: 

Here we have compared Zerodha vs HDFC Securities based on account opening charge & account maintenance charge.

Related Post:   Zerodha Vs SBI CAP Securities – Comparison

Here we can see from the below contrast that Zerodha offers free AMC on the trading account. Also, Zerodha provides zero margin money criteria which are chargeable in the case of HDFC Securities.

Demat ServicesZerodhaHDFC Securities
Depository ParticipantCDSLNSDL & CDSL
Charges for Account Opening Rs.300Rs.500
AMC of DematRs.300 per AnnumRs.300 per Annum
AMC of TradingFree500
Marginal MoneyZeroMinimum Rs.25,000
Offline to OnlineNoYes

Zerodha Vs HDFC Securities Brokerage Charge:

Contrasting Zerodha vs HDFC Securities based on Brokerage Charge we get the below details. Here we can see that HDFC Securities offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge.

HDFC Securities charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Brokerage Charge & FeesZerodha BrokerageHDFC Securities Brokerage
Equity Delivery TradingZero0.50%
Equity Intraday TradingRs.200.05%
Commodity Options TradingRs.20Na
Equity Futures TradingRs.200.05%
Equity Options TradingRs.20 per LotRs.100 per Lot or 1% of Premium
(Takes higher Amount)
Currency Futures TradingRs.200.05%
Currency Options TradingRs.20 per LotRs.100 per Lot or 1% of Premium
(Takes higher Amount)
Minimum BrokerageZeroRs.25
Demat AMC ChargesRs.300 per AnnumRs.300 per Annum
Trading AMC ChargesFreeRs.500 per annum
Margin MoneyZeroMinimum Rs.25,000

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs HDFC Securities as below. We can see that both the broker share a similar charge structure. 

Related Post:   5Paisa Vs Anand Rathi: In Depth Analytical Comparison
Other ChargesZerodhaHDFC Securities
Transaction Charges0.00325% of Total Turnover0.00325% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Comparison on Offers: 

Contrasting Zerodha vs HDFC Securities we get the below comparison on offers. We here can see that in terms of offers HDFC Securities is a step ahead of Zerodha for offering more offers.

OffersZerodhaHDFC Securities
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for Loss Making Trades

Comparison on Services Offered: 

Assessing Zerodha vs HDFC Securities based on their service offering we derived the below comparison:

ServicesZerodhaHDFC Securities
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 14x

Zerodha Vs HDFC Securities Research & Advisory: 

Contrasting Zerodha vs HDFC Securities based on their research & advisory offering we received the below comparison.

Here we can see in the below table that HDFC Securities offers different advisory supports, where Zerodha doesn’t provide any.

Research & AdvisoryZerodhaHDFC Securities
Fundamental Reports Services
Research Reports Services
Company Reports Services
Annual Reports Services
Company Stock Review Services
Free Stock Tips Services
IPO Reports Services
Top Picks Services
Daily Market Review Services
Monthly Reports Services
Weekly Reports Services
Offline Advisory Services
Relationship Manager Services

Zerodha Vs HDFC Securities Margin/ Exposure/ Leverage

Considering Zerodha vs HDFC Securities based on product-wise leverage we get the below details. These margin rates always influence your trading revenue and also, the trading experience.

Exposure / MarginZerodha MarginHDFC Securities Margin
Equity DeliveryMaximum 20xMaximum 8x
Equity IntradayMaximum 28xMaximum 14x
Equity FuturesMaximum 15xMaximum 7x
Equity OptionsMaximum 8xMaximum 8x
Currency FuturesMaximum 12xMaximum 7x
Currency OptionsMaximum 8xMaximum 5x
CommoditiesMaximum 17xMaximum 6x

Comparison of Products: 

Comparing Zerodha vs HDFC Securities based on their product offering we derived the below comparison.

We can see in this below comparison that HDFC Securities offered to trade in Mutual funds, forex, banking, insurance  & SIP which Zerodha doesn’t. Conversely, Zerodha facilitates commodity trading which is not ensured by HDFC Securities. 

ProductsZerodhaHDFC Securities
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs HDFC Securities Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  HDFC Securities, we compared them as below:

Trading PlatformsZerodha Trading
Platforms
HDFC Securities
Trading Platforms
Desktop Platform – Windows
Desktop Platform – Mac
Desktop Browser Platform
Mobile Site Platform
Android App Platform
iOS App Platform
Windows App Platform
Other Mobile OS Platform
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

Zerodha Vs HDFC Securities Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs HDFC Securities as below.

We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While HDFC Securities doesn’t facilitate 24×7 support, offline trading & chat support. 

Customer SupportZerodhaHDFC Securities
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number080-404020201800 425 4332
Email Support
Chat Support
Toll-Free Number1800 425 4332
BranchesZero156
Zerodha Vs HDFC Securities - Open HDFC Securities Demat Account

Zerodha Vs HDFC Securities – Open HDFC Securities Demat Account

Comparison of Grievances: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs HDFC Securities based on their customer complaint handling in the below table. 

Complaints (Current Year)ZerodhaHDFC Securities
Lodged in BSE120194
Resolved in BSE117189
Lodged in NSE89226
Resolved in NSE85215

Zerodha Call Back Request

Conclusion:

Finally, we can conclude that HDFC Securities (full-service broker) has a huge offering for its customers just like its market reputation. But Zerodha (discount broker) offers lower charges to its customers.

Still, it should be kept in mind that individual investors should opt the broker between Zerodha and HDFC Securities as per his need only.