HDFC Securities vs IIFL Securities Comparison: 2024

About HDFC Securities

HDFC Securities Ltd, a subsidiary of HDFC Bank. It basically means that you can get a 3-in-1 account service that combines HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account resulting in an amazing trading experience, and above that it also provides a free mutual fund account. It is one of the largest full-service brokers in India with more than 20 lakh customers, including both retail and institutional clients.

HDFC Securities : Overview

HDFC Securites, due to its large customer base, happens to be one of the leading depository participants with both CDSL and NSDL; more than 2.03 million demat accounts with a comprehensive network that has more than 3500 service branches. They have more than 270 branches across 185, catering investment needs of a gigantic diversified customer base including both retail and institutional investors.

HDFC Securities is a registered member of BSE, NSE, IRDA, PFRDA, AMFI,

About IIFL Securities

IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.

In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.

India Infoline Securities: Overview

IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the

HDFC Securities vs IIFL Securities Account Opening Charges: 2024

ChargeHDFC SecuritiesIIFL Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹999 ₹750
Trading Account AMC₹0₹0
Demat Account AMC₹750₹400 per year

HDFC Securities vs IIFL Securities Brokerage Charges and Plans : 2024

ChargeHDFC SecuritiesIIFL Securities
Plan NameBasicFlat Plan (FBP)
Equity Delivery0.50%0.50%
Equity Intraday0.05%0.05%
Equity Futures0.05%0.05%
Equity Options₹100 per lot or 1% of the premium (whichever is higher)1% of Premium or ₹100 per lot, whichever is high
Currency Futures₹23 per contract0.05%
Currency Options₹20 per contract1% of Premium or ₹100 per lot, whichever is high
Commodity Options0.02% for Intraday / 0.025% for positionalFutures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high
Mutual FundN/AN/A

HDFC Securities vs IIFL Securities Margin / Exposure: 2024

SegmentHDFC SecuritiesIIFL Securities
Equity Delivery2xUpto 3x
Equity IntradayUpto 20xUpto 20x
Equity FutureNilUpto 3x
Equity OptionsNilUpto 3x
Currency FutureNilUpto 2x
Currency OptionsNilUpto 2x
Commodity FutureNilUpto 3x
Commodity OptionsN/AN/A

HDFC Securities vs IIFL Securities Currency Charges and Plans: 2024

HDFC Securities charge ₹23 per contract for Currency Futures and ₹20 per contract for Currency Options whereas IIFL Securities Charges 0.05% for Currency futures and 1% of Premium or ₹100 per lot, whichever is high for Currency options.

HDFC Securities vs IIFL Securities Commodity Charges and Plans: 2024

HDFC Securities charge 0.02% for Intraday / 0.025% for positional for commodity and IIFL Securities charge Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high for commodity.
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