HDFC Securities: Currency Trading: Brokerage, Charges, Reviews: 2024
The stockbroker does provide options to trade in the currency segment of the stock market. It has a brokerage fee of about 20 rupees per contract and allows the trading features to be executed through several trading tools offered by HDFC Securities. All of them are free to use once you become a user of HDFC Securities.
HDFC Securities is an online stock broker that allows users to trade in the segments of equity, stocks, shares, currency, commodities, and more through the NSE, BSE, MCX, etc.; the stockbroker offers a 3-in-1 account there your Demat, trading, and saving accounts are linked together. Users can easily invest in the segment of IPO as well.
Brokerage fee charged for Currency Trading
The brokerage charged for currency trading through the stockbroker is 0.05% of the total trade executed. However, for currency options, it can vary based on the account or plan chosen for trading. There are multiple trading tools where users can choose their online website tool for trading and the software compatibility.
Advantages of Currency Trading with HDFC Securities
- Provides excellent trading tools for trading in the currency segment.
- There are easy ways to track your portfolio and investments.
- Live market data and tips for investment endeavours.
- Monitoring of stock and shares gets more comfortable, all thanks to its unique tracking features.
- Greater margin exposure and leverage of about 5-7 times.
Disadvantages of currency trading with HDFC Securities
- There is no availability of a brokerage calculator for adequate returns on investments.
- The provision of getting a tailor-made report on the stock market isn’t available.
- High brokerage charge with no minimum charge but a standard one.
HDFC Securities
The stockbroker does provide extensive investment opportunities to users looking to make suitable investments in the stock market segments. But the high brokerage fee and the unavailability of a brokerage calculator could be a deal-breaker for a few. What do you think? Feel free to discuss.