Zerodha vs HDFC Securities – Point by Point Comparison

While juxtaposing Zerodha and HDFC Securities for online share trading, the first thing to take into consideration is that Zerodha is a discount broker, in contrast to HDFC Securities which is a 3 in 1 full service broker. An advantage of Zerodha is that it deals in companies listed in BSE, NSE, MCX-SX and MCX while HDFC Securities deals in companies listed in BSE and NSE only. Another benefit that Zerodha offers over HDFC Securities is that it charges Rs. 300 only for opening a trading account and Rs. 150 for a Demat account whereas the latter charges Rs. 999 for a trading account.

If we look at the brokerage, Zerodha charges 0.1% or Rs. 20 per executed order (whichever is lower) for all kinds of dealings while the charges of HDFC Securities greatly differ. For instance, it charges 0.50% for Equity Delivery and Equity Intraday and Rs. 100 for Equity Options. Moreover, the minimum brokerage charges of HDFC Securities are Rs. 25/trade while those of Zerodha are NIL.

Talking about the features, Zerodha lacks provisions for a 3-in-1 account, SMS alerts and online portfolio. If we have a closer look at the investment services granted by both the companies, we observe that HDFC Securities lacks services regarding commodity while Zerodha gets a thumbs-down with respect to its services regarding IPO (Initial Public Offers) and mutual funds.

Both the companies extend excellent customer support services through Email and phone, although both are short of a 24/7 customer support.

    Zerodha HDFC Securities
Basic Information Type of Broker Discount Broker 3-in-1 Full Service Broker
Exchanges BSE, NSE, MCX-SX, MCX BSE, NSE
Fees for Opening Trading Account Rs. 300 Rs. 999
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 150 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 750
Brokerage Charges Equity Delivery Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.50%
Equity Intraday Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.50%
Equity Future Charges 0.01% or Rs. 20 per executed order. Whichever is lower 0.05%
Equity Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 100
Currency Futures Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 23 per contract
Currency Options Charges 0.01% or Rs. 20 per executed order. Whichever is lower Rs. 23 per contract
Commodity Charges 0.01% or Rs. 20 per executed order. Whichever is lower NA
Minimum Brokerage Charges Nil Rs. 25 per trade
Transaction Charges Equity Delivery For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.10%
Equity Intraday For BSE: 0.00275%, for NSE: 0.00325% & for MCX-SX: 0.002% 0.025% on sale transations
Equity Futures For BSE: 0.0007%, for NSE: 0.0021% & for MCX-SX: 0.0014% 0.01% on sale transactions
Equity Options For BSE: 0.0027%, for NSE: 0.053% & for MCX-SX: 0.027% on premium 0.017% on Premium
Currency Futures For NSE: 0.00135% & for MCX-SX: 0.0013% 0.01% on sale transactions
Currency Options For NSE: 0.044% & for MCX-SX: 0.037% 0.017% on Premium
Commodity 0.0031% (Non-Agri) & 0.00175% (Agri) NA
Features 3-in-1 Account N Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform Zerodha Trader, Z5 &Zerodha PI Securities Trading and Securities Processing
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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