FYERS Securities vs HDFC Securities

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

FYERS Securities
FYERS Securities
Discount Broker · since 2015
VS
HDFC Securities
Full-Service Broker · since 2000
HDFC Securities

FYERS Securities vs HDFC Securities — quick verdict

Choose FYERS Securities if

You want low-cost, self-directed trading

Built for Those Who Are Born to Trade.

Choose HDFC Securities if

You want research and offline support

Invest Right. Invest Now.

Company overview

FYERS Securities is a discount broker incorporated in 2015; HDFC Securities is a full-service broker incorporated in 2000.

ParameterFYERS SecuritiesHDFC Securities
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2015 2000 older
Number of branches 98+ 200+ wider
Active clients 10 Lakh+ ~14.6 Lakh larger

Charges & AMC

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

ParameterFYERS SecuritiesHDFC Securities
Trading a/c opening ₹0 ₹999 + GST
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹0 lower ₹750 per year*
DP charges (per ISIN, sell) ₹12.5 + GST per ISIN on sell transactions lower ₹18.50 + GST per debit transaction

Brokerage charges

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

ParameterFYERS SecuritiesHDFC Securities
Equity Delivery ₹0 (Free) 0.10%
Equity Intraday ₹20 or 0.03% per executed order (whichever is lower) 0.03%
Equity Futures ₹20 or 0.03% per executed order (whichever is lower) ₹20 per executed order or 0.03% (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 per executed order
Commodity F&O ₹20 or 0.03% per executed order (whichever is lower) ₹20 per executed order
Call & Trade ₹50 per executed order ₹20 per executed order

Transaction charges (exchange turnover)

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

ParameterFYERS SecuritiesHDFC 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 FYERS Securities and HDFC Securities — AMC, debit transactions, pledging and remat.

ParameterFYERS SecuritiesHDFC Securities
Demat Account Opening ₹0 ₹0 (Free)
Annual Maintenance Charges (AMC) ₹0 ₹750 per year*
Debit Transaction Charges ₹12.5 + GST per ISIN on sell transactions —
Pledge / Unpledge Charges ₹12.5 + GST per ISIN —
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 FYERS Securities and HDFC Securities.

ParameterFYERS SecuritiesHDFC 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 FYERS Securities and HDFC Securities.

ParameterFYERS SecuritiesHDFC Securities
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms FYERS Web, FYERS Mobile App, FYERS One HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Intraday square-off 3:15 PM 3:15 PM
Other TradingView Charts, Free Trading API, Algo Trading, Option Chain, Basket Orders, Market Scanner, Advanced Charting, Price Alerts, eDIS, Margin Trading Facility (MTF) 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 FYERS Securities and HDFC Securities.

ParameterFYERS SecuritiesHDFC Securities
Trading platforms offered FYERS Web, FYERS Mobile App, FYERS One HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Number of platforms 3 4 more choice
Platforms (summary) FYERS Web, FYERS Mobile App, FYERS One HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Mobile / desktop apps Web, Mobile, Desktop Web + Mobile, Mobile, Desktop, Web

User ratings

User ratings for FYERS Securities and HDFC Securities across the key parameters.

Rated onFYERS SecuritiesHDFC Securities
Fees 4.9 better 4.3
Brokerage 4.9 better 4.4
Trading platform 4.9 better 4.7
Customer service 4.4 better 4.3
Research 4.2 4.5 better
Overall 4.7 better 4.4

Investment options

Which investment products FYERS Securities and HDFC Securities let you access.

ParameterFYERS SecuritiesHDFC 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 FYERS Securities and HDFC Securities.

ParameterFYERS SecuritiesHDFC Securities
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes ✓ Yes

Safety & credibility

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

ParameterFYERS SecuritiesHDFC Securities
SEBI registration INZ000166137 INZ000186937
NSE member code 12768 06586
Year of incorporation 2015 2000 longer track record
Net worth ₹1,348+ Cr ₹3,300+ Crore stronger
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.002% fewer complaints 0.175%

Complaints record

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

ParameterFYERS SecuritiesHDFC Securities
Latest financial year 2025–26 2025-26
Exchange NSE NSE
Active clients 10,87,436 15,39,103 larger base
Complaints filed — 2,690
Complaint ratio 0.002% fewer complaints 0.175%

Pros & cons

The main advantages and drawbacks of each broker.

FYERS Securities

▲ Pros

  • ✓ Zero brokerage on Equity Delivery.
  • ✓ TradingView-powered advanced charting.
  • ✓ Free API access for algorithmic trading.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, and ETFs.
  • ✓ Fully digital and paperless account opening.
  • ✓ Powerful web and mobile trading platforms with advanced order types.

▼ Cons

  • ✕ No physical branch network comparable to full-service brokers.
  • ✕ Research and advisory services are limited.
  • ✕ Call & Trade service is chargeable.
  • ✕ Margin availability depends on SEBI peak margin regulations.
  • ✕ Beginners may find the advanced trading interface slightly complex.
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.
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Explore more comparisons

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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 SMC Global HDFC Securities vs Anand Rathi 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.