HDFC Securities Vs IIFL Securities NRI Account Comparison

The side-by-side comparison of HDFC Securities and IIFL Securities NRI Account. Compare HDFC Securities Vs IIFL Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL Securities and HDFC Securities NRI Account reviews.

Find out HDFC Securities Vs IIFL Securities which is better NRI Trading Account. See HDFC Securities Vs IIFL Securities which is best NRI Demat Account.

Our HDFC Securities Ltd comparison with IIFL Securities Ltd highlights the major differences between two brokers. Find the best between HDFC Securities and IIFL Securities NRI Account.

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HDFC Securities Vs IIFL Securities

  HDFC Securities IIFL Securities
 
HDFC Securities Ltd Logo IIFL Securities Ltd Logo
About the Broker HDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc... Know more about HDFC Securities Ltd IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
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HDFC Securities Vs IIFL Securities Charges

  HDFC Securities IIFL Securities
NRI Account Opening Fees ₹2500 ₹750
NRI Account AMC ₹0 ₹400 + GST
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹750 ₹400 per year
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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HDFC Securities Vs IIFL Securities NRI Account Brokerage Comparison

Brokerage Plan

  HDFC Securities IIFL Securities
Account Type NRI Account NRI Account
Equity Delivery 0.75% 0.50%
Equity Futures 0.025% (Both Buy & Sell)
Equity Options ₹100 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Minimum Brokerage: ₹25, PIS AMC: ₹1000
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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HDFC Securities Vs IIFL Securities NRI Account Taxes/Fees

  HDFC Securities IIFL Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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HDFC Securities Vs IIFL Securities NRI Account Exposure Margin

  HDFC Securities IIFL Securities
Equity Delivery
Equity Futures
Equity Options
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HDFC Securities and IIFL Securities NRI Account Feature Comparison

  HDFC Securities IIFL Securities
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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HDFC Securities Vs IIFL Securities NRI Account Review

  HDFC Securities IIFL Securities
  193 Customer Reviews    Rate HDFC Securities 112 Customer Reviews    Rate IIFL Securities
Fees 2.1 2.9
Brokerage 1.9 2.6
Trading Platform 2.9 3.3
Customer Service 2.5 2.8
Overall Rating Rated 2.2 stars Rated 2.7 stars
Broker Rating HDFC Securities is Rated 2.2 / 5 based on 193 customer reviews IIFL Securities is Rated 2.7 / 5 based on 112 customer reviews
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Contact Broker / Request A Call Back

  HDFC Securities IIFL Securities
Contact Broker
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HDFC Securities Vs IIFL Securities NRI Investment Options

  HDFC Securities IIFL Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Bonds, Equity F&O, ETFs
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HDFC Securities Vs IIFL Securities NRI Customer Service

  HDFC Securities IIFL Securities
Customer Care Number +91 2267 6061 61 +91 22 4007 1000
Customer Care Email cs@iifl.com
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HDFC Securities Vs IIFL Securities Order Type Offered for NRI Account

  HDFC Securities IIFL Securities
Bracket Order No
Cover Order No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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HDFC Securities Vs IIFL Securities - NRI Account Advantages and Disadvantages

  HDFC Securities IIFL Securities
Pros
  1. Offers 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat account.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  1. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
Conclusion

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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HDFC Securities Vs IIFL Securities - More Reviews

  HDFC Securities IIFL Securities
NRI Trading Review HDFC Securities NRI Account Review IIFL Securities NRI Account Review
Enquire HDFC Securities Enquire IIFL Securities
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