Broker Comparison |
HDFC Securities(3.1) Open Account |
Zerodha(3.8) Open Account |
Groww(3.5) Open Account |
|---|---|---|---|
| Basic Details | |||
| Broker Type | |||
| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Account Opening | |||
| Account Opening | ₹0 | Free | ₹0 |
| Account Maintenance | |||
| Account Maintenance | ₹0 | ₹ 300 | ₹0 |
| Broker Ratings | |||
| Usability | |||
| Usability | (3.4) | (4) | (4) |
| Charged | |||
| Charged | (2.5) | (4) | (3) |
| Customer Service | |||
| Customer Service | (3.5) | (3.5) | (3.5) |
HDFC is a prominent group in India. HDFC Demat account provides a wide range of products to its customers. HDFC securities provide multiple platforms and advanced tools to its customers. They also provide research and tips to their customers which is useful for investors.
Click on “Open Demat Account”
Select online and a form will open
Fill in the mandatory details and submit the form
Within two working days, you'll receive a call from an HDFC representative to verify the details and you will be asked to send identity and address proofs through emails
Finally, You will receive a successful account of your registered mobile number.
Indeed, HDFC does provide a Demat account. It has more than 2 million Demat accounts and more than 3500 Demat centres network.
It provides two types of Demat account- Basic Services Demat Account and Normal Demat account.
Groww is a popular, SEBI registered investment adviser. All personal information entered on the platform is stored using 256-bit encryption. Also, all transactions are done through Asset management companies (AMCs) for mutual funds & Bombay Stock Exchange (BSE) for stocks, which means that at no stage does your money reach the company itself.
The Demat account and trading account opening charges with Groww are free. The annual maintenance charge is also free. Additionally, there is no margin money requirement.
Groww charges an Rs.20 per order or 0.05% whichever is low for Equity Delivery, Equity Intraday, Equity Futures, Equity Options. Commodity & Currency trading is presently not available with Groww.
Groww is a discount broker which is aimed at providing modern online-based financial solutions to its clients at a minimal cost.
Zerodha Kite is Zerodha’s online trading platform, which was built in 2015. It is a web-based, lightweight platform which can be used for trading on mobile, tablets as well as desktop browsers. The KITE platform facilitates trading in 11 languages. Kite mobile is currently available in the Android version & iOS on Google Play store. It has advanced technical analysis charting with more than 100 charting indicators and unlimited data for different stocks.
Zerodha provides a range of mobile apps for its customers based on different services. These include:
Zerodha Kite: Online trading platform for stock and commodity trading
Zerodha Coin: For mutual funds investments
Zerodha Varsity: Stock marketing lessons
Zerodha Sentinel: Market alerts and monitoring for stocks, futures and options on the cloud
Pulse by Zerodha: For latest market news and updates.
Zerodha is one of the leading and most popular stock brokers in India, with a massive client base created over years. Beginners often prefer trading with the cheapest brokers, and Zerodha, with a flat fee model at Rs 20, fits perfectly in this parameter. Additionally, Zerodha also provides online education apps, support portal, and discussion forums which prove to be of great assistance to beginner level investors. However, Zerodha being a discount broker does not assist with research, advisory or recommendations. This makes it a challenge for new investors who often find it difficult to make these decisions.
Overall, considering the many helpful services it offers, Zerodha can be considered as a good option for beginner level investors.
Select understands market trends and users' temperaments. That's why you can never go wrong with it.
Informed decision-making on your part is Select's utmost priority. That's why it works as a one-stop shop with multiple money-saving verticals for you. With credible data, technically advanced tools and independent reviews, Select eases the selection process in your major money matters.
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