HDFC Securities vs Fyers – Point by Point Comparison

HDFC Securities, promoted by HDFC Bank, is among the largest few brokers in India in terms of number of clients. Whereas Fyers is a new age discount broker that offer excellent platform with various decision making tools and that too with low brokerage of 0.01% and 0.1%. Even they have imposed a capping on brokerage per trade at Rs.100.

    HDFC Securities FYERS
Basic Information Type of Broker 3-in-1 Full Service Broker Discount Broker
  Exchanges BSE, NSE NSE
  Fees for Opening Trading Account Rs. 999 NIL
  Annual Maintenance Charges of Trading Account Nil NIL
  Fees for Opening Demat Account Nil NIL
  Annual Maintenance Charges of Demat Account Rs. 750 Rs 400
Brokerage Charges Equity Delivery Charges 0.50% 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges 0.50% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges 0.05% 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 100 Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges Rs. 23 per contract 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 23 per contract Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges NA NA
  Minimum Brokerage Charges Rs. 25 per trade NA
Transaction Charges Equity Delivery 0.10% As Applicable
  Equity Intraday 0.025% on sale transations As Applicable
  Equity Futures 0.01% on sale transactions As Applicable
  Equity Options 0.017% on Premium As Applicable
  Currency Futures 0.01% on sale transactions As Applicable
  Currency Options 0.017% on Premium As Applicable
  Commodity NA As Applicable
Features 3-in-1 Account Y N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts Y N
  Online Demo Y Y
  Online Portfolio Y Y
  Trading Platform Securities Trading and Securities Processing Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity N N
  Currency Y Y
  IPO (Initial Public Offers) Y Y
  Mutual Funds Y Y
  Debt Y N
  Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
  Email Y Y
  Phone Y Y
  Online Live Chat Y N
  Branch Support Y N
Reports Daily  Market Report Y N
  Quarterly Analysis of Results Y N

 

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