HDFC Securities: Commodity Trading: Brokerage, Charges, Reviews: 2024

The stockbroker does provide facilities to trade in the commodity segment of the stock market. It implies a 20 rupees brokerage charge on every trade executed in the segment.

HDFC Securities is a Stockbroker that offers users, traders, and investors to carry out trades in the stock market through the NSE and BSE. The segment you can trade-in is stock, shares, commodity, currency, IPO investments, futures and more. Commodity trading was incorporated into the stockbroker's itinerary back in January 2019.

Brokerage fees of Commodity Trading

Despite having a generally high brokerage fee on other trading types, the commodity trading fees are remarkably lower. Its capped at 20 rupees per trade (but still expensive when compared to other stock broker brokerage fees in the segment). The prices are tentative change later based on the demand and the account chosen to trade in the stock market.

Advantages of Commodity Trading with HDFC Securities

1. The stockbrokers offer commodity trading services from 9 in the morning to 11 in the night.
2. The overall commodity trading trades entirely on the margins, which is as low as 4%.
3. The tool provided by the stockbroker is compelling and advance in every possible way.
4. The brokerage fee of 20 rupees is capped for all types of trades executed in commodity trading. It includes direct trading, call and trade and even executing intraday shares the next day.

Disadvantages of Commodity Trading with HDFC Securities

1. Commodity trading can be availed for a brokerage fee of 20 rupees. It's still higher than what the competition offers.
2. As the segment has been incorporated into the stockbrokers offering recently, the research given around the field is not that trustworthy and could be neglected.

HDFC Securities Review

HDFC Securities are undoubtedly a great stockbroker offering explicit trading tools for traders and investors to have a unique experience in trading. However, the high brokerage fees can be a let-down for a few looking to opt for using the online broker's services.