Zerodha vs HDFC Securities Review 2025 | Which One Is Better
|Zerodha vs HDFC Securities
Discount Broker Angel One was founded in 1987. It provides trading on the The National Commodity and Derivatives Exchange (NCDEX) ,Multi Commodity Exchange (MCX), NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 900 of its branches in India. Zerodha , founded in 2010, is a discount broker. It provides trading on the The National Commodity and Derivatives Exchange (NCDEX) ,Multi Commodity Exchange (MCX), NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 22 of its branches in India
Zerodha

Zerodha Review: Right now, Zerodha is the top stock broker. They are thought to be the most transparentstock broker, have a cheap brokerage fee, and provide a great online trading platform. Theybecome the fintech firm in India with the quickest growth rate through constant innovationand improvement. These are Zerodha’s main advantages. For its clients, it has developed avariety of trading software. These include the online and mobile trading platform ZerodhaKite, the mutual fund investment platform Coin, the investor education programme Varsity,the trading Q&A, and numerous other resources. In addition, Zerodha provides the followingplatforms: GoldenPi (bond trading), Sensibull (options trading), Streak (algo & strategyplatform), Small case (thematic investment platform), and Ditto (insurance).
HDFC Securities

HDFC Securities, one of India’s top full-service stock brokers, was founded in 2000. One of HDFC Bank’s subsidiaries is HDFC Securities. The firm facilitates trading and investing in stocks, bonds, futures, options, buybacks, mutual funds, initial public offerings (IPOs), commodities, currency derivatives, stock portfolios, and more for its clientele. A registered broker with SEBI, HDFC Securities is also affiliated with the BSE,
NSE, MCX, CDSL, and NSDL.
HDFC Securities serves more than 1,800,000 + clients in a variety of industries and offers
more than 30 Also its provides service through Over 270 branches of the organisation which
are located throughout India. The lowest broking fees are charged by HDFC Securities,
which costs Rs 20 per transaction for trading in derivatives and 0.10% per deal for equity
delivery. A 3-in-1 account that combines a savings bank, trading, and a Demat account is
provided by HDFC Securities.
Zerodha | HDFC Securities | |
Establishment Year | 2010 | 2000 |
Founder | Nithin and Nikhil Kamath | Dhiraj Relli |
Exchange of Membership | MCX, NCDEX and BSE ,NSE. | BSE & NSE. |
Broker Type | Discount Broker | Full Service Broker |
Branches | 22 | 270 |
Zerodha vs HDFC Securities Charges
Charges | Zerodha | HDFC Securities |
Trade and Call Charge | Additional Rs 20 per executed order | Additional Rs 20 per executed order |
Minimum Brokerage Charges | 0.03% or Rs.20 Whichever Is Lower | Rs. 25 Per Order on Equity Segment |
Other Charges | Physical contact : Rs 20, Trade SMS Alerts: Rs 1 per SMS | NA |
Zerodha vs HDFC Securities Offers
Offers | Zerodha | HDFC Securities |
Free AMC | ||
Free Brokerage | ||
Free Account Opening Charge | ||
Flat Brokerage Charges | , Limited | |
Flexible Brokerage Charges | ||
Free Intraday Charges | [ | |
Delivery Charges | ||
Margin Funding and Pledging | ||
Refferal Offers | 300 Points Per Share | Rs. 200 Per Client |
Zero brokerage for Loss Making Trade | ||
Brokerage Cashback | ||
Free Trading Calls | ||
Free Research Report | ||
Zerodha vs HDFC Securities Product Provided
Type | Zerodha | HDFC Securities |
Equity Delivery | ||
Equity Intraday | ||
Equity Option | ||
Equity Future | ||
Currency Option | ||
Currency Future | ||
Commodity Options | ||
Commodity Future | ||
Mutual Funds | ||
Foreign stocks | ||
Banking | ||
Insurance | ||
Digital Gold | ||
Govt. Bonds | ||
Corporate Bonds | ||
Zerodha vs HDFC Securities Advisory Services Provided
Type | Zerodha | HDFC Securities |
IPO Service | ||
Weekly and Monthly Review | ||
Daily Stock Picks and Stock Tips | ||
PMS or PCG | ||
Trading Institution | Yes, Zerodha Varsity | |
Demat and Trading Service | ||
Intraday Service | ||
Share Pledging | ||
NRI Service | ||
3 In 1 Account | ||
Company and Annual Report | ||
Stock Recommendation and Research report | ||
Features Of Zerodha vs HDFC Securities
Features | Zerodha | HDFC Securities |
Chart | ||
Automated Trading | ||
3 in 1 Account | ||
Sms Alerts | ||
Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Online Portfolio | “] | |
Online Demo | ||
Intraday Square-Off Time | Currency: 4:45PM |Commodities: 25min before close and Eq Cash:3:15 PM | Eq ,,F&O : 3:25 PM | 3:50 PM |
Global Indices | ||
Real Time Update | ||
Stock Tips | ||
Multi Profile Management | ||
Interactive Charts | ||
Customised Recommendation | ||
Online MF Buy | ||
Zerodha vs HDFC Securities Demat And AMC Charges
Zerodha trading account opening charges is Rs 0 . Zerodha Demat Account AMC Charges is Rs 300 . . The opening Charge for an HDFC Securities account requires Rs 999. The AMC charges Rs 750 for HDFC Securities Demat Accounts. Below the table shows Demat account charges of both the platform.
Charges | Zerodha | HDFC Securities |
Demat Account Opening Charges | Rs.0 (Free) | Rs 199 |
Demat Account AMC Charges | Rs 300 | Rs. 750 |
Trading Account Opening Charges | Rs. 0 (Free) | Rs. 900 |
Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Zerodha vs HDFC Securities Brokerage Charges
Zerodha costs Rs 20 per completed transaction or 0.02%, whichever is lesser. Both platforms provide cheap brokerage fees, but Zerodha clear pricing structure may appeal to traders seeking Invest in Equity Delivery and Direct Mutual Funds without paying any broking fees. Intra-day and F&O trades are charged a flat rate of Rs 20.Belw the table shows brokerage charges of both the platforms.
Brokerage Charges | Zerodha | HDFC Securities |
Brokerage Plan | NA | Starter Pack – Lite 199 |
Equity Delivery | Rs 0 (Free) | 0.32% of Transaction Value |
Equity Intraday | Rs 20 per executed order or 0.02% whichever is lesser | 0.032% of Transaction Value |
Equity Option | Rs.20 per Trade | Rs. 20 per Trade |
Equity Future | Rs 20 per executed plan/ order or .03% whichever is lesser | Rs.20 per Trade |
Currency Option | Rs.20 per Trade | Rs.25 per Lot |
Currency Future | Rs 20 per executed plan/order or .03% whichever is lesser | 0.025% of Transaction Value |
Commodity Option | Rs.20 per Trade | Rs.20 per Lot |
Commodity Future | Rs 20 per executed plan/ order or .03% whichever is lesser | 0.025% of Transaction Value |
Zerodha vs HDFC Securities Leverage (Margin)
Zerodha offers up to 20% of the trade value (5x leverage) for intraday cash transactions, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock. whereas HDFC Securities’ margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows leverage margin of both platform.
Leverage | Zerodha | HDFC Securities |
Equity Delivery | Trade value at 100% (1x leverage) | 100% of trade value (1x leverage) |
Equity Intraday | 20% maximum of trade value (5x/ times leverage) | Up to 20% of trade value (5x leverage) |
F&O (Currency, Equity, Commodity) | Span + Exposure = 100% of NRML margin (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Zerodha vs HDFC Securities Pros And Cons
Pros:
Zerodha | HDFC Securities |
1)The brokerage fee is Rs 20 per trade inintraday and F&O. 2)Equity delivery trades with brokerage fees. 3)Free trading advice and research reports. 4) Securities are provided for collateral andthere is a margin trading facility. 5)Don’t impose fees on NEFT or moneytransfers. (Some charge about Rs. 10 each 6)RM/local subbroker services availableeven at bargain brokerages. 7)Ability to contact RM in case of problems(Other well-known brokers). 8) Charges just Rs 20 for intraday square-offand call and trade (others charge Rs 50). Others do not provide free stock and mutualfund advice or ideas . | 1)It offers the simplest method formaking stock market and otherfinancial instrument investments. 2) The greatest option available toIndian retail investors is the 3-in-1account, which consists of an HDFCBank Account, an HDFC SecuritiesTrading Account, and an HDFCSecurities Demat Account. |
Cons:
Zerodha | HDFC Securities |
1)It doesn’t offer research,recommendations, or stocksuggestions. 2 Each order incurs anadditional Rs 50 for Call &Trade. 3)There is also a 3-in-1account not available. Thereare no monthly unlimitedtrading subscriptionsavailable. 4)AMC Free Demataccounts are not providedby it. No margin financing. 5)An additional Rs 50 is paidfor each order for autosquare off. | 1)Together with opening a tradingaccount with HDFC Securities Ltd,you will also need to open a DP(depository participant) account withHDFC Bank and a savings bankaccount with a minimum quarterlyamount of Rs 5000. 2) It Charges minimum brokerage ofRs 25 also very high brokeragecharges. |
Complaints Of Zerodha vs HDFC Securities
Data from 2024 reveals that Zerodha had more customer complaints than HDFC Securities when comparing the two companies. Zerodha received 339 complaints and resolved 307 whereas HDFC Securities received 130 complaints and resolved 105. This shows that HDFC Securities performs better in terms of customer service than Zerodha . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
Complaints | Zerodha | HDFC Securities |
Total Complaints Lodged | 339 | 130 |
Total Complaints Resolved | 307 | 105 |
% Of Total Complaints Resolved | 90.56% | 80.50% |
Non Actionable Complaints | 20 | 8 |
% Of Non Actionable Complaints | 5.90% | 6.30% |
Zerodha vs HDFC Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
Transaction Charges | Zerodha | HDFC Securities |
Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) | 0.00350% (NSE) & 0.00375% (BSE) |
Equity Intraday | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) | 0.00350% (NSE) & 0.00375% (BSE) |
Equity Option | NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) | 0.053% (on premium) |
Equity Future | 0.0019% (NSE & BSE) | 0.0019% (NSE & BSE). |
Currency Option | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) | 0.035% (NSE) & 0.001% (BSE) |
Currency Future | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | 0.0009% (NSE) & 0.00022% (BSE) |
Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
Commodity Future | Group A – Rs 260 per Cr (0.0026%) | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
Review Comparison Of Zerodha vs HDFC Securities By Customer
Zerodha is rated 8 of 10 , whereas HDFC Securities is rated 6.5 of 10
Rating | Zerodha | HDFC Securities |
Brokerage | 8/10 | 6/10 |
Customers Service | 7.5/10 | 7/10 |
Fees | 8.5/10 | 6.5/10 |
Trading Platform | 7.5/10 | 7/10 |
Research | 7.5/10 | 6.510 |
Broker Rating | 7.5/10 | 7/10 |
Overall Rating | 8.5/10 | 7/10 |
Conclusion: Zerodha is well-known for providing both novice and seasoned traders with a wealth of research tools, individualised advising services, and a robust offline presence. Conversely.HDFC Securities are India’s major broking houses, providing comprehensive trading and investment services. HDFC Securities provides affordable broking rates, a dynamic trading platform, and robust research help. HDFC Securities is a better option for cost-conscious traders looking for efficient services. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
Zerodha: (080 4718 1888) or (080 4718 1999) .
HDFC Securities : +91 2239019400
Client can contact this number for clearing your doubt.
Zerodha Support Email: support@zerodha.com
Support Email HDFC Securities : infodp@hdfcbank.com
Client can contact on this email for clearing your doubt.