HDFC securities, subsidiary of the renowned HDFC bank, was launched 17 years back in April HDFC securities due to its banking services from the parent brand offers a 3-in-1 account that includes your banking, demat and trading services.
This feature is only available with stock broking companies that options the leverage of a banking services parent company. The advantage of having a 3-in-1 account is that you get a seem-less trading securities since your bank account is directly integrated to your trading account which helps in instant money transfer. The full service stock broker provides online trading applications at Web, desktop and mobile platforms. Good part about these trading platform is that all of these softwares are developed and maintained in-house by the bank based broker.
This browser based application can be accessed from anywhere through your desktop, laptop or mobile with an internet connection. And since it is a responsive application, the user experience across devices says intact and optimal. The application can be accessed from here. Blink is a terminal based trading application and is known for its high speed trading edge as compared to rest of the trading platforms.
Some of the other prominent features of the trading software are:. The only concerning area with BLINK is that it comes with a subscription price and is not for free. The mobile trading app comes in English and 11 Indian regional languages. Some of the top features of the mobile app are:. Here are the details on the stats of this mobile app from Google Play Store:.
HDFC Securities is a full service stock broker and regularly provides tips and recommendations to its clients through research calls and reports on a regular basis. These communications are generally done through:. As far as quality of research is concerned, the trading calls and tips at intraday level is around average in nature while the fundamental research is pretty thorough.
So, depending on your trading behavior, you may choose to follow the research offered by the broker. Nonetheless, the best way is to make sure you perform hdfc analysis in one form or other on your options as well. The bank based stock broker provides the following communication channels to its clients as shown:. Although the quality of resolution is better than average but HDFC is known for trading responses to its clients, be it any form of communication.
Thus, if you are looking to open a trading account with the bank, then you must consider this particular aspect while making this decision. HDFC is one of the premium stock brokers of the country, with high account opening, maintenance and brokerage charges. The brokerage charges vary from different aspects. At a general level, these are the brokerage charges:. To know complete details about brokerage charges, click HERE. If you are looking to use some exposure on top of your trading account balance, then this full service stock broker offers you the following margin values:.
Users are advised to use the concept of exposure very cautiously and unless you understand its intricacies or implications, its advised not to be used.
It can be risky and may even eat up your trading capital as well. Post this call, You need to provide few documents to start your account opening process. The documents required trading as follows:. Here is the membership information of the broker with different exhanges and intermediate parties:.
HDFC Securities, being a bank based full service stock broker, provides its clients with a 3 in 1 demat account. Using such an account, you dont need to perform fund transfers manually. Hdfc said that, prominent disocunt stock brokers of the country are reasonably trustable to an extent and are very much part of the regulations set up by SEBI. Its your choice at the end of the day. As a beginner, yes the bank based full service stock brokers bring a options of trust but SEBI regulates each stock broker in a very precise way.
Thus, HDFC Securities is a good stock broker but certainly one of the most expensive ones too. Users are advised to use their own discretion in stock broker selection.
You can also check out this Free Stock broker selection service. To close trading trading account, you are required to follow few basic steps.
The stock broker cannot levy any charges to close your demat account. To know the complete process, you can check out this detailed step by step guide for closing Demat account.
If you are looking for some low cost stock brokers, you can check out this detailed review on the Demat and trading charges for different stock brokers in India.
Although it depends on factors such as Initial deposit, overall turnover and your negotiation skillsthe general brokerage charges for intraday trading at HDFC are 0. I already have a Demat account with HDFC Securities, Can I have more than 1 Demat Accounts? Yes, you can have any number of demat accounts as you want. There is no legal limitation or capping on the number of a demat accounts one can have.
Thus, although you may choose to have multiple demat accounts but you will be required to pay multiple AMCs as well. Can I open my Demat account with HDFC Securities and Trading account with some other broker? Yes, you may choose to do that. However, you will be required to intrgrate your Demat account with securities trading account so that whatever stocks you are buying from the market, get stored in the demat account as well.
Although HDFC is a renowned full service stock broker, but when it comes to their research quality both at fundamental and technical level, the overall quality is average. You are advised to perform your own analysis as well to back the tips provided by the broker. Your email address will not be published.
Which are the Best Stock Market Books for Beginners? ICICI Direct Mobile App Review — Stock Trading Platforms in India. Nest Trader Review — Trading Platforms in India. Choice Broking Review — Stock Brokers in India. HDFC Securities Review December 12, Broker ReviewFull Service BrokersTrading 2 Comments. Pros Trustable Brand Decent Customer Service 3 in 1 Demat Account.
Cons High Brokerage Average Trading Platforms. Contact HDFC Securities Now. Get a Call Hdfc from HDFC Securities Name.
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