Anand Rathi vs HDFC Securities

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Anand Rathi
Anand Rathi
Full-Service Broker · since 1994
VS
HDFC Securities
Full-Service Broker · since 2000
HDFC Securities

Anand Rathi vs HDFC Securities — quick verdict

Choose Anand Rathi if

You want research and offline support

Powered by Trust. Driven by Research.

Choose HDFC Securities if

You want research and offline support

Invest Right. Invest Now.

Company overview

Anand Rathi is a full-service broker incorporated in 1994; HDFC Securities is a full-service broker incorporated in 2000.

ParameterAnand RathiHDFC Securities
Type of broker Full-Service Broker Full-Service Broker
Exchange membership NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX
Year of incorporation 1994 older 2000
Number of branches 1,200+ wider 200+
Active clients 6 Lakh+ ~14.6 Lakh larger

Charges & AMC

Account-opening and maintenance charges for Anand Rathi and HDFC Securities compared side by side.

ParameterAnand RathiHDFC Securities
Trading a/c opening ₹0 (Online) ₹999 + GST
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹450 + GST per year lower ₹750 per year*
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) lower ₹18.50 + GST per debit transaction

Brokerage charges

How Anand Rathi and HDFC Securities price each trading segment, per executed order.

ParameterAnand RathiHDFC Securities
Equity Delivery 0.30% 0.10%
Equity Intraday 0.03% 0.03%
Equity Futures 0.03% ₹20 per executed order or 0.03% (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O 0.03% ₹20 per executed order
Commodity F&O 0.03% ₹20 per executed order
Call & Trade ₹20 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Anand Rathi and HDFC Securities, per segment.

ParameterAnand RathiHDFC Securities
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Futures NSE: 0.00173% NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%)
Equity Options NSE: 0.03503% (on premium) NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%)
Currency Futures NSE: 0.00035% NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%)
Currency Options NSE: 0.03110% (on premium) NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%)
Commodity Futures MCX: 0.00210% MCX ₹260 per Cr (0.00260%)
Commodity Options MCX: 0.04180% (on premium) MCX ₹5,000 per Cr (0.05%)

Demat & DP charges

Depository (demat) charges for Anand Rathi and HDFC Securities — AMC, debit transactions, pledging and remat.

ParameterAnand RathiHDFC Securities
Demat Account Opening ₹0 ₹0 (Free)
Annual Maintenance Charges (AMC) ₹450 + GST per year ₹750 per year*
Debit Transaction Charges ₹15.93 per debit transaction (including GST) —
Pledge / Unpledge Charges ₹25 + GST per request —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil Nil
Transaction Charges (Sell) — ₹18.50 + GST per debit transaction
Pledge Creation / Invocation — ₹25 + GST per request
Remat — ₹25 per certificate + applicable charges

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Anand Rathi and HDFC Securities.

ParameterAnand RathiHDFC Securities
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin norms (Up to 5x)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across Anand Rathi and HDFC Securities.

ParameterAnand RathiHDFC Securities
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Intraday square-off 3:15 PM 3:15 PM
Other Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), PMS, AIF, Wealth Management 3-in-1 account, MTF, research reports, IPO investment, basket orders, option chain, mutual funds, ETFs and bonds.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Anand Rathi and HDFC Securities.

ParameterAnand RathiHDFC Securities
Trading platforms offered AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Number of platforms 3 4 more choice
Platforms (summary) AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Mobile / desktop apps Web, Mobile, Desktop Web + Mobile, Mobile, Desktop, Web

User ratings

User ratings for Anand Rathi and HDFC Securities across the key parameters.

Rated onAnand RathiHDFC Securities
Fees 4.1 4.3 better
Brokerage 4.2 4.4 better
Trading platform 4.5 4.7 better
Customer service 4.6 better 4.3
Research 4.8 better 4.5
Overall 4.4 4.4

Investment options

Which investment products Anand Rathi and HDFC Securities let you access.

ParameterAnand RathiHDFC Securities
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by Anand Rathi and HDFC Securities.

ParameterAnand RathiHDFC Securities
Bracket Order ✓ Yes better ✕ No
Cover Order ✓ Yes better ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✕ No ✓ Yes better

Safety & credibility

SEBI registration, financial strength and complaint record for Anand Rathi and HDFC Securities.

ParameterAnand RathiHDFC Securities
SEBI registration INZ000170832 INZ000186937
NSE member code 09280 06586
Year of incorporation 1994 longer track record 2000
Net worth ₹2,300+ Cr ₹3,300+ Crore stronger
Exchange memberships NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX
Latest complaint ratio 0.003% fewer complaints 0.175%

Complaints record

Exchange complaint data for Anand Rathi and HDFC Securities — the ratio matters more than the raw count.

ParameterAnand RathiHDFC Securities
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 6,48,217 15,39,103 larger base
Complaints filed 22 2,690
Complaint ratio 0.003% fewer complaints 0.175%

Pros & cons

The main advantages and drawbacks of each broker.

Anand Rathi

▲ Pros

  • ✓ Strong equity and commodity research with expert advisory.
  • ✓ Comprehensive wealth management and investment solutions.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, bonds, PMS, AIFs, and insurance.
  • ✓ Large nationwide branch and relationship manager network.
  • ✓ Advanced web, mobile, and desktop trading platforms.
  • ✓ Personalized investment recommendations for retail and HNI clients.

▼ Cons

  • ✕ Brokerage charges are generally higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Advanced wealth management services are primarily targeted at premium clients.
  • ✕ Call & Trade charges may apply.
  • ✕ Frequent traders may find discount brokers more economical.
HDFC Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with HDFC Bank.
  • ✓ Comprehensive research reports and expert recommendations.
  • ✓ Advanced web, mobile and desktop trading platforms.
  • ✓ Investment in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Strong brand reputation with nationwide presence.
  • ✓ Dedicated relationship manager for eligible customers.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Maintenance Charges apply for demat accounts.
  • ✕ Call & Trade service is chargeable.
  • ✕ Some advanced trading tools are available only to eligible customers.
  • ✕ Margin benefits depend on the applicable product and segment.
Open Anand Rathi Account Open HDFC Securities Account

Explore more comparisons

Compare Anand Rathi with

Anand Rathi vs Zerodha Anand Rathi vs Angel One Anand Rathi vs Upstox Anand Rathi vs Groww Anand Rathi vs ICICI Direct Anand Rathi vs Kotak Neo Anand Rathi vs SBI Securities Anand Rathi vs Motilal Oswal Anand Rathi vs Paytm Money Anand Rathi vs Mirae Asset Sharekhan Anand Rathi vs Axis Direct Anand Rathi vs 5paisa Anand Rathi vs Choice Broking Anand Rathi vs m.Stock Anand Rathi vs Sahi Anand Rathi vs FYERS Securities Anand Rathi vs SMC Global Anand Rathi vs Jainam Broking Limited

Compare HDFC Securities with

HDFC Securities vs Zerodha HDFC Securities vs Angel One HDFC Securities vs Upstox HDFC Securities vs Groww HDFC Securities vs ICICI Direct HDFC Securities vs Kotak Neo HDFC Securities vs SBI Securities HDFC Securities vs Motilal Oswal HDFC Securities vs Paytm Money HDFC Securities vs Mirae Asset Sharekhan HDFC Securities vs Axis Direct HDFC Securities vs 5paisa HDFC Securities vs Choice Broking HDFC Securities vs m.Stock HDFC Securities vs Sahi HDFC Securities vs FYERS Securities HDFC Securities vs SMC Global HDFC Securities vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.