HDFC Securities vs Kotak Securities vs ICICI Direct

Broker Comparison

HDFC Securities

(3.1) Open Demat Account

Kotak Securities

(3.1) Open Demat Account

ICICI Direct

(3) Open Demat Account
Basic Details
Broker Type
Broker Type Full Service Broker Full Service Broker Full Service Broker
Account Opening
Account Opening Free Free Free
Account Maintenance
Account Maintenance Free ₹ 600 ₹ 700
Broker Ratings
Usability
Usability (3.4) (2.8) (3)
Charged
Charged (2.5) (3) (2.5)
Customer Service
Customer Service (3.5) (3.5) (3.5)

Frequently Asked Questions

Brokerage charge is the fee charged by the broker in exchange for the buy & selling securities or trade executed by the customers. These charges are payable by the investors on every transaction.

Kotak securities charges zero brokerage for intraday trades across Cash, Futures & Options, Currency & Commodity.

However, when it comes to the equity and commodity, the Kotak Securities brokerage charges start from 0.25% depending on the transaction value.

Click here to learn more in detail about the brokerage charges of Kotak Securities.

The cost of opening a demat account with Kotak Securities is free. However, there are other charges associated with having a demat account with Kotak Securities which include safety charges (custodian fee), annual maintenance charges, and transaction charges, depending upon the value of securities.

The 3-in-1 account of Kotak Securities includes a demat account and an online trading account with Kotak Securities and a bank account with the Kotak Mahindra Bank. You can open a 3-in-1 account with Kotak Securities by following the below steps:

  • Fill out their online application form and submit the required documents.

  • After filling out the form, call their toll free numbers 1800 222 299 / 18002099191 

  • Or, visit the nearest Kotak Securities branch office.

A retail trading and investment service, ICICI Direct, is a part of ICICI Securities, the largest retail stock broker firm in India. ICICI Direct offers 'online trading and investment' services to more than 20 lakhs customers. It offers services online as well as through a network of branches across India.

Opening a trading account with ICICI direct is free of cost irrespective of the plan you have chosen. However, the other charges like brokerage, maintenance, margin, other charges depend upon the product, segment and the plan you have chosen.

ICICI Direct provides a range of trading and investment options, thus giving new investors a platter to choose from. Also, the company offers free research and advisory services, which makes it easier for stock market beginners who need hand-holding, to start their investment journey and further provides them with a convenient trading experience.

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.