Zerodha
India's largest stockbroker by client base
4.6/ 5
Best for: Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.
Compare Zerodha with others →Broker review
HDFC Securities review
Full-service InvestRight plus flat-₹20 Sky rail
4.0/ 5App: 4.1/5
- Since 2000
- Delivery ₹20 or 2.5% per order
- AMC ₹0 for 1st year (Sky)
Open an account with HDFC SecuritiesCompare HDFC Securities →SEBI-registered stockbroker | Member: NSE, BSE, MCX
Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test
Fees & pricing4.1
Trading platforms4.2
Customer support4.0
Research & education4.1
Ease of opening4.0
Overview
HDFC runs two rails: legacy full-service InvestRight with research and advisory, and the HDFC Sky discount app with flat ₹20-per-order pricing, free opening and US-stock investing.
Best for: HDFC Bank customers wanting a flat-₹20 app with an advisory upgrade path.
Pros & cons
What we like
- Sky: simple ₹20 flat F&O and delivery with free opening
- Research, baskets, MF, bonds and NPS under one roof
- US-stock investing plus Open API and algo tools
Watch out for
- InvestRight percentage slabs need tariff confirmation
- ₹20 minimum per order punishes tiny trades
- AMC and DP schedules split across Bank and Sky pages
Fees & charges
Account charges
- Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
- FREE (Sky)✓ Verified 14/9/2026
- Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
- ₹0 for 1st year (Sky)✓ Verified 14/9/2026
Equity
- Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
- ₹20 or 2.5% per order✓ Verified 14/9/2026
- IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
- ₹20 or 2.5% per order✓ Verified 14/9/2026
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- ₹20 per order✓ Verified 14/9/2026
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- ₹20 or 2.5% per order✓ Verified 14/9/2026
Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.
What you can invest in
- Stocks (delivery)
- ✓ Yes
- Intraday
- ✓ Yes
- Futures & options
- ✓ Yes
- Mutual funds
- ✓ Yes
- IPOUPI-based IPO applications
- ✓ Yes
- US stocksGlobal Investing: 10,000+ US stocks/ETFs
- ✓ Yes
- Trading APIOpen API + algo strategies
- ✓ Yes
Platforms & features
platforms
- Mobile app✓ · HDFC Sky app (Android + iOS)
investing
- IPO investing✓ · UPI-based IPO applications
- US stocks✓ · Global Investing: 10,000+ US stocks/ETFs
trading
- Trading API✓ · Open API + algo strategies
research
- Research & advisory✓ · Full-service research + baskets
support
- Customer support✓ · Bank + broker network
Support & company
Customer support
Bank + broker network
Company facts
- Founded
- 2000
- Regulation
- SEBI-registered stockbroker | Member: NSE, BSE, MCX
Sky is competitive for F&O; treat InvestRight costs as confirm-first until the tariff is parsed.
How to open a HDFC Securities account
Start your application
Open the HDFC Securities signup with your mobile number and email — it takes about 10 minutes.
Complete e-KYC
Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).
E-sign documents
Digitally sign the account-opening form and nomination details via Aadhaar e-sign.
Get your client ID
Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.
Alternatives to HDFC Securities
Groww
Beginner-friendly investing super-app
4.5/ 5
Best for: Beginners and mutual-fund investors who want one simple app for everything.
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Upstox
Low-cost broker with fast trading tools
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Best for: Mobile-first traders and developers who use trading APIs.
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.