HDFC Securities Vs iTradeOnline (Compare HDFC Securities and iTradeOnline)

HDFC Securities Vs iTradeOnline

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	HDFC Securities	iTradeOnline
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2002
Number of Branches	270
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HDFC Securities Vs iTradeOnline Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while iTradeOnline account opening changes is Rs 0 (Free). HDFC Securities Demat Account AMC Charges is Rs 750 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

	HDFC Securities	iTradeOnline
Trading Account Opening Charges	Rs 999	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Rs 750	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

HDFC Securities Vs iTradeOnline Brokerage

HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

	HDFC Securities	iTradeOnline
Account Type	Online Trading	Pay Per Trade
Fixed Charges	NA	Rs 0
Equity Delivery	0.50%	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	0.05%	Rs 20 per executed order or .01% whichever is lower
Equity Futures	0.05%	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 100 per lot or 1% of the premium (whichever is higher)	Rs 20 per executed order or .01% whichever is lower
Currency Futures	Rs 23 per contract	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 20 per contract	Rs 20 per executed order or .01% whichever is lower
Commodity Futures	0.02% for Intraday / 0.025% for positional	Rs 20 per executed order or .01% whichever is lower
Commodity Options	0.02% for Intraday / 0.025% for positional
Special Offer	Special Offer: Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.	Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

HDFC Securities Charges Vs iTradeOnline

Minimum Brokerage	Rs 25 plus taxes	Rs 0 (No Minimum Brokerage)
Other Charges		Physical contact notes: Rs 20
Call & Trade Charges	Rs 0	Rs 0 (Free)

HDFC Securities Vs iTradeOnline Transaction Charges

HDFC Securities transaction charges for options is 0.050% (on premium) while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	HDFC Securities	iTradeOnline
Equity Delivery	0.00325%	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday	0.00325%	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures	.00190%	NSE Rs 190 per crore (0.0019%)
Equity Options	0.050% (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	0.00110%	NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options	0.040% (on premium)	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity	NA	MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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HDFC Securities Vs iTradeOnline Leverage (Margin)

HDFC Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the iTradeOnline margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	HDFC Securities	iTradeOnline
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare HDFC Securities and iTradeOnline Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

	HDFC Securities	iTradeOnline
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time	3:30 PM	Equity: 3:15 PM, Commodity: 11:15 PM
Other Features	E-Margin, ENCASH,
Referral Program
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HDFC Securities Vs iTradeOnline Review

HDFC Securities is rated 2.2 of 5 based on 206 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	HDFC Securities	iTradeOnline
	206 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	HDFC Securities is rated 2.2 of 5 based on 206 customer reviews	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

HDFC Securities Vs iTradeOnline Investment Options

	HDFC Securities	iTradeOnline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading	Insurance, Wealth Management

HDFC Securities Vs iTradeOnline Order Type Offered

	HDFC Securities	iTradeOnline
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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HDFC Securities Vs iTradeOnline Research Report

	HDFC Securities	iTradeOnline
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

HDFC Securities Vs iTradeOnline Suitable For Investor Type

	HDFC Securities	iTradeOnline
Casual Investor
Active Investor
Trader

HDFC Securities Vs iTradeOnline - Pros and Cons

	HDFC Securities	iTradeOnline
Pros	The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.
Cons	In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank. Very high brokerage charges Charge minimum brokerage of Rs 25	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers	HDFC 3-in-1 Account HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: Rs 750 demat account AMC is waived when you open your 3-in-1 account. Interested in opening a trading account? Request Callback from a stock broker.	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.
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