Bajaj Broking and HDFC Securities are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Bajaj Broking is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, Maharashtra, while HDFC Securities is listed as a Private Discount Broker , established in 2000 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Bajaj Broking or HDFC Securities is a better fit for your investment style, platform preference, and budget.
Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Freedom Pack, Professional Pack, Signature Pack brokerage structure.
HDFC Securities is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Dhiraj Relli. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Starter Pack – Lite 199.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Bajaj Broking vs HDFC Securities — A Comprehensive Company Overview
| Company Overview | Bajaj Broking | HDFC Securities |
|---|---|---|
| Company Type | Public | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Pune, Maharashtra | Mumbai |
| Founder | Jamnalal Bajaj | Dhiraj Relli |
| Establishment Year | 2010 | 2000 |
| Brokerage Plan | Freedom Pack, Professional Pack, Signature Pack | Starter Pack – Lite 199 |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Broking and HDFC Securities.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while HDFC Securities charges 0.32% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while HDFC Securities charges 0.032% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while HDFC Securities charges Rs.20 per Trade.
Equity options: This charge applies to equity option contracts. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while HDFC Securities charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while HDFC Securities charges 0.025% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20) while HDFC Securities charges Rs.20 per Lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Broking charges N/A ; HDFC Securities charges 0.025% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Broking charges N/A ; HDFC Securities charges Rs.25 per Lot.
Bajaj Broking vs HDFC Securities — Detailed Brokerage Comparison
| Brokerage | Bajaj Broking | HDFC Securities |
|---|---|---|
| Brokerage Plan | Freedom Pack, Professional Pack, Signature Pack | Starter Pack – Lite 199 |
| Subscription Charges | Freedom: free for 1st year, then ₹431 per year | Professional: ₹2,500 per year | Zero |
| Equity Delivery | Starting ₹10 per order (Freedom Pack ₹20) | 0.32% of Transaction Value |
| Equity Intraday | Starting ₹10 per order (Freedom Pack ₹20) | 0.032% of Transaction Value |
| Equity Future | Starting ₹10 per order (Freedom Pack ₹20) | Rs.20 per Trade |
| Equity Option | Starting ₹10 per order (Freedom Pack ₹20) | Rs.20 per Trade |
| Commodity Future | Starting ₹10 per order (Freedom Pack ₹20) | 0.025% of Transaction Value |
| Commodity Option | Starting ₹10 per order (Freedom Pack ₹20) | Rs.20 per Lot |
| Currency Future | N/A | 0.025% of Transaction Value |
| Currency Option | N/A | Rs.25 per Lot |
Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. HDFC Securities provides mobile app access, web trading and desktop terminal access for its users.
Android app: Bajaj Broking and HDFC Securities both list an Android trading app.
iOS app: Bajaj Broking and HDFC Securities both list an iOS trading app.
Web trading platform: Bajaj Broking and HDFC Securities both list a web trading platform.
Desktop trading terminal: Bajaj Broking and HDFC Securities both list a desktop trading terminal.
Algo trading: Bajaj Broking lists algo trading support, while HDFC Securities does not currently mention it.
Basket trading: HDFC Securities lists basket trading, while Bajaj Broking does not currently mention it.
Foreign stocks platform: HDFC Securities lists foreign stocks access, while Bajaj Broking does not currently mention it.
Mutual fund platform: Bajaj Broking and HDFC Securities both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Bajaj Broking and HDFC Securities both list a bonds investment platform.
Bajaj Broking vs HDFC Securities — Complete Comparison of Trading Platforms
| Trading Platform | Bajaj Broking | HDFC Securities |
|---|---|---|
| Android App | Yes | HDFC Securities Android App Link |
| iOS App | Yes | HDFC Securities iOS App Link |
| Web Trading Platform | Yes | HDFC Securities Web Trading Link |
| Trading Terminal | Yes | Available |
| Algo Trading Platform | Yes | NA |
| Foreign Stocks Platform | N/A | Available |
| Basket Trading Platform | N/A | Available |
| Mutual Fund Platform | Yes | Available |
| Digital Gold Platform | N/A | NA |
| Bonds Platform | Yes | Available |
Bajaj Broking highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while HDFC Securities promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Bajaj Broking and HDFC Securities offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Broking and HDFC Securities offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Bajaj Broking and HDFC Securities offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Bajaj Broking and HDFC Securities offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Bajaj Broking and HDFC Securities offer this feature.
Global indices: Real-time data on leading global stock market indices. HDFC Securities offers this; Bajaj Broking does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Bajaj Broking offers this; HDFC Securities does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Broking and HDFC Securities offer this feature.
Live market: Live updates on market movements and trends. Both Bajaj Broking and HDFC Securities offer this feature.
Secure platform: A secure trading environment with next-generation security controls. HDFC Securities offers this; Bajaj Broking does not currently highlight it.
Bajaj Broking vs HDFC Securities — Comprehensive Comparison of Trading Features
| Trading Feature | Bajaj Broking | HDFC Securities |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | Yes | Yes |
| Global Indices | N/A | Yes |
| Customised Recommendations | N/A | No |
| Stock Tips | Yes | No |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | N/A | No |
| Robust & Secure Platform | N/A | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Broking and HDFC Securities.
Free account opening: Bajaj Broking lists free account opening, while HDFC Securities does not currently mention it.
Free AMC: Bajaj Broking lists free Demat AMC, while HDFC Securities does not currently mention it.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Broking and HDFC Securities both list flat brokerage pricing.
Flexible brokerage plans: Bajaj Broking and HDFC Securities both list flexible brokerage plans.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: HDFC Securities lists free research reports, while Bajaj Broking does not currently mention it.
Free trading calls: Bajaj Broking and HDFC Securities both list free trading calls.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: HDFC Securities offers Rs.200 per Client for referrals; Bajaj Broking does not currently list a referral offer.
Bajaj Broking vs HDFC Securities — Comparison of Latest Offers
| Offer | Bajaj Broking | HDFC Securities |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Yes | No |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes, Limited |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | N/A | No |
| Free Delivery Trading | N/A | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | N/A | Yes |
| Free Trading Calls | Yes | Yes |
| Referral Offers | N/A | Rs.200 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | N/A | No |
| Zero Brokerage for Loss-Making Trades | N/A | No |
Product availability determines whether a broker can support your preferred markets. Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds, while HDFC Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, mutual funds, corporate bonds, bonds, currency futures, currency options, foreign stocks, banking services, insurance and government bonds.
Bajaj Broking vs HDFC Securities — Complete Comparison of Products
| Product | Bajaj Broking | HDFC Securities |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | Yes | Yes |
| Commodity Future | Yes | Yes |
| Currency Option | N/A | Yes |
| Currency Future | N/A | Yes |
| Foreign Stocks | N/A | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | Yes |
| Insurance | No | Yes |
| Corporate Bonds | Yes | Yes |
| Government Bonds | N/A | Yes |
| Digital Gold | N/A | No |
Demat services: Bajaj Broking and HDFC Securities both list Demat services.
Trading services: Bajaj Broking and HDFC Securities both list trading services.
Intraday services: Bajaj Broking and HDFC Securities both list intraday trading services.
F&O services: Bajaj Broking and HDFC Securities both list F&O services.
IPO services: Bajaj Broking and HDFC Securities both list IPO services.
3-in-1 account: HDFC Securities lists 3-in-1 account support, while Bajaj Broking does not currently mention it.
Stock research: Bajaj Broking and HDFC Securities both list stock research.
Stock recommendations: HDFC Securities lists stock recommendations, while Bajaj Broking does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Bajaj Broking and HDFC Securities both list share pledging.
PMS or PCG: Bajaj Broking and HDFC Securities both list PMS or PCG support.
NRI services: Bajaj Broking and HDFC Securities both list NRI services.
Bajaj Broking provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while HDFC Securities offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.
Bajaj Broking vs HDFC Securities — In-Depth Comparison of Services
| Service | Bajaj Broking | HDFC Securities |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | Yes |
| Stock Research | Yes | Yes |
| Stock Recommendations | N/A | Yes |
| Trading Education | N/A | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | Yes |
| NRI Services | Yes | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Broking and HDFC Securities.
Bajaj Broking and HDFC Securities — Detailed Comparison of Advisory Services
| Advisory | Bajaj Broking | HDFC Securities |
|---|---|---|
| Fundamental Reports | N/A | Yes |
| Research Reports | Yes | Yes |
| Company Reports | N/A | Yes |
| Annual Reports | N/A | Yes |
| IPO Reports | N/A | Yes |
| Technical Reports | N/A | Yes |
| Stock Tips | Yes | Yes |
| Daily Top Stock Picks | N/A | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Review | N/A | Yes |
| Weekly Review | N/A | Yes |
| Relationship Manager | N/A | No |
| Robo Advisory | N/A | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Broking and HDFC Securities across different segments.
Bajaj Broking and HDFC Securities — Comprehensive Comparison of Trading Exposure
| Exposure | Bajaj Broking | HDFC Securities |
|---|---|---|
| Equity Delivery | 1x (MTF up to 3.5x in selected stocks) | 1x |
| Equity Intraday | Up to 5x | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x (no additional margin) | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x (no additional margin) | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | N/A | 1x |
HDFC Securities lists a sub-broker program, while Bajaj Broking does not currently mention it. HDFC Securities lists a partner program, while Bajaj Broking does not currently mention it. HDFC Securities lists a referral program, while Bajaj Broking does not currently mention it.
Bajaj Broking vs HDFC Securities — Comparative Analysis of Programs
| Program | Bajaj Broking | HDFC Securities |
|---|---|---|
| Sub-Broker Program | N/A | Yes, Limited |
| Partner Program | N/A | Yes |
| Referral Program | N/A | Yes |
Bajaj Broking provides support through trading desk support, call support, email support and website support. HDFC Securities provides support through trading desk support, dedicated dealer assistance, call support, website support and Facebook support. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches. HDFC Securities operates Available branches.
Bajaj Broking and HDFC Securities — Comprehensive Comparison of Customer Support
| Support Channel | Bajaj Broking | HDFC Securities |
|---|---|---|
| Trading Support | Yes | Available, Free |
| Dedicated Dealer | N/A | Available, Free |
| Call Support | Yes (1800-833-8888) | 022-39019400 |
| Email Support | Yes ([email protected]) | NA |
| WhatsApp Support | N/A | NA |
| Website Support | Yes (https://www.bajajbroking.in/knowledge-center) | Website Link |
| Facebook Support | — | Facebook Support Link |
| Twitter / X Support | — | Twitter Support Link |
| Telegram Support | — | Telegram Support Link |
| Branches / Offices | Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Broking carries an overall rating of 3.6 / 5, while HDFC Securities carries an overall rating of 9.50 / 10.
Bajaj Broking vs HDFC Securities — Ratings Comparison
| Rating Parameter | Bajaj Broking | HDFC Securities |
|---|---|---|
| Overall Rating | 3.6 / 5 | 9.50 / 10 |
| Customer Support | 3.5 / 5 | 9.46 / 10 |
| Technology | 3.5 / 5 | 9.61 / 10 |
| Charges | 3.5 / 5 | 9.53 / 10 |
| Products & Services | 4.0 / 5 | 9.44 / 10 |
| Experience | N/A | 9.42 / 10 |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Bajaj Broking & HDFC Securities — Comparison of Customer Complaints
| Complaint Metric | Bajaj Broking | HDFC Securities |
|---|---|---|
| Total Complaints Lodged | 34 (NSE, FY 2026-27, against 65,587 active clients) | 129 |
| Total Complaints Resolved | N/A | 104 |
| % of Resolved Complaints | N/A | 80.62% |
| Non-Actionable Complaints | N/A | 8 |
| % of Non-Actionable Complaints | N/A | 6.20% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Broking and HDFC Securities.
Bajaj Broking vs HDFC Securities — Detailed Comparison of Transaction Charges
| Transaction Charges | Bajaj Broking | HDFC Securities |
|---|---|---|
| Equity Delivery | NSE 0.00345% | BSE varies by scrip group | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE 0.00345% | BSE varies by scrip group | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Future | NSE 0.002% | BSE Nil or 0.05% of traded value | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 |
| Equity Option | NSE 0.053% on premium | BSE Nil or 0.05% of traded value | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) |
| Commodity Future | N/A | |
| Commodity Option | N/A | |
| Currency Future | N/A | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) |
| Currency Option | N/A | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Bajaj Broking & HDFC Securities — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Bajaj Broking | HDFC Securities |
|---|---|---|
| Pledge Creation Charges | ₹40 + GST | |
| Pledge Invocation Charges | ₹50 + GST per ISIN | |
| Margin Trading Interest | 14.99% p.a. (Freedom) | 11.99% p.a. (Professional) |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Bajaj Broking and HDFC Securities — Detailed Comparison of Hidden / Other Charges
| Charge | Bajaj Broking | HDFC Securities |
|---|---|---|
| SEBI Turnover Charges | ₹10 per crore (0.0001%) | 0.0001% (₹10/Crore) of the turnover |
| DP Charges | ₹30 per ISIN per debit transaction | |
| GST | 18% on brokerage, transaction charges and SEBI fees | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Account Closure Charges | N/A | |
| Reactivation Charges | N/A | |
| Dematerialisation Charges | ₹100 per request + ₹100 per certificate + GST | |
| Call & Trade Charges | ₹20 + GST per executed order |
Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0. HDFC Securities lists account opening charges of Rs.199 and Demat AMC of Rs.750 per Year.
Bajaj Broking vs HDFC Securities — Detailed Comparison of Demat Charges
| Demat Charges | Bajaj Broking | HDFC Securities |
|---|---|---|
| Account Opening Charges | ₹0 | Rs.199 |
| Annual Maintenance Charges (AMC) | ₹0 | Rs.750 per Year |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Bajaj Broking vs HDFC Securities — Comparative Analysis of STT and CTT Charges
| STT & CTT | Bajaj Broking | HDFC Securities |
|---|---|---|
| Equity Delivery | 0.1% on both buy and sell | 0.1% of total transaction value |
| Equity Intraday | 0.025% on sell side | 0.025% of turnover |
| Equity Future | 0.05% on sell side | 0.01% of turnover |
| Equity Option | 0.15% of premium on sell side | 0.05% |
| Commodity Future | 0.01% on sell side (non-agri) | 0.01% |
| Commodity Option | 0.01% on sell side (non-agri) | 0.05% |
| Currency Future | No STT | - |
| Currency Option | No STT | - |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Bajaj Broking and HDFC Securities — Comparison of Stamp Duty Charges
| Stamp Duty | Bajaj Broking | HDFC Securities |
|---|---|---|
| Equity Delivery | 0.015% (buy side) | 0.015% |
| Equity Intraday | 0.003% (buy side) | 0.003% |
| Equity Future | 0.002% (buy side) | 0.002% |
| Equity Option | 0.003% (buy side) | 0.003% |
| Commodity Future | 0.002% (buy side) | 0.002% |
| Commodity Option | 0.003% (buy side) | 0.003% (MCX) |
| Currency Future | 0.0001% (buy side) | 0.0001% |
| Currency Option | 0.0001% (buy side) | 0.0001% |