HDFC Securities and Fyers are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. HDFC Securities is listed as a Private Discount Broker , established in 2000 and headquartered in Mumbai, while Fyers is listed as a Private Discount Broker , established in 2015 and headquartered in Bangalore.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether HDFC Securities or Fyers is a better fit for your investment style, platform preference, and budget.
HDFC Securities is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Dhiraj Relli. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a Starter Pack – Lite 199 brokerage structure.
Fyers is listed as a Private Discount Broker established in 2015 with headquarters in Bangalore and founded by Tejas Khoday, Shreyas Khodey & Yashas Khodey. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. Its brokerage model is structured as Standard Plan.
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.
HDFC Securities vs Fyers — A Comprehensive Company Overview
| Company Overview | HDFC Securities | Fyers |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Mumbai | Bangalore |
| Founder | Dhiraj Relli | Tejas Khoday, Shreyas Khodey & Yashas Khodey |
| Establishment Year | 2000 | 2015 |
| Brokerage Plan | Starter Pack – Lite 199 | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for HDFC Securities and Fyers.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. HDFC Securities charges 0.32% of Transaction Value while Fyers charges Free.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. HDFC Securities charges 0.032% of Transaction Value while Fyers charges Rs.20 per Trade or 0.03% (whichever is Low).
Equity futures: This charge applies to futures contracts on stocks and indices. HDFC Securities charges Rs.20 per Trade while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).
Equity options: This charge applies to equity option contracts. HDFC Securities charges Rs.20 per Trade while Fyers charges Rs.20 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. HDFC Securities charges 0.025% of Transaction Value while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).
Commodity options: This charge applies to option contracts on commodity instruments. HDFC Securities charges Rs.20 per Lot while Fyers charges Rs.20 per Trade.
Currency futures: This charge allows participation in forex price movements on the exchange. HDFC Securities charges 0.025% of Transaction Value while Fyers charges Rs.20 per Trade or 0.03% (whichever is low).
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. HDFC Securities charges Rs.25 per Lot while Fyers charges Rs.20 per Trade.
HDFC Securities vs Fyers — Detailed Brokerage Comparison
| Brokerage | HDFC Securities | Fyers |
|---|---|---|
| Brokerage Plan | Starter Pack – Lite 199 | Standard Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | 0.32% of Transaction Value | Free |
| Equity Intraday | 0.032% of Transaction Value | Rs.20 per Trade or 0.03% (whichever is Low) |
| Equity Future | Rs.20 per Trade | Rs.20 per Trade or 0.03% (whichever is low) |
| Equity Option | Rs.20 per Trade | Rs.20 per Trade |
| Commodity Future | 0.025% of Transaction Value | Rs.20 per Trade or 0.03% (whichever is low) |
| Commodity Option | Rs.20 per Lot | Rs.20 per Trade |
| Currency Future | 0.025% of Transaction Value | Rs.20 per Trade or 0.03% (whichever is low) |
| Currency Option | Rs.25 per Lot | Rs.20 per Trade |
HDFC Securities provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. Fyers provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: HDFC Securities and Fyers both list an Android trading app.
iOS app: HDFC Securities and Fyers both list an iOS trading app.
Web trading platform: HDFC Securities and Fyers both list a web trading platform.
Desktop trading terminal: HDFC Securities and Fyers both list a desktop trading terminal.
Algo trading: Fyers lists algo trading support, while HDFC Securities does not currently mention it.
Basket trading: HDFC Securities and Fyers both list basket trading.
Foreign stocks platform: HDFC Securities lists foreign stocks access, while Fyers does not currently mention it.
Mutual fund platform: HDFC Securities and Fyers both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: HDFC Securities lists a bonds investment platform, while Fyers does not currently mention it.
HDFC Securities vs Fyers — Complete Comparison of Trading Platforms
| Trading Platform | HDFC Securities | Fyers |
|---|---|---|
| Android App | HDFC Securities Android App Link | Fyers Android App Link |
| iOS App | HDFC Securities iOS App Link | Fyers iOS App Link |
| Web Trading Platform | HDFC Securities Web Trading Link | Fyers Web Trading Link |
| Trading Terminal | Available | Available |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | Available | NA |
| Basket Trading Platform | Available | Available |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | Available | NA |
HDFC Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while Fyers promotes watchlists, real-time updates, research reports, customised recommendations, stock tips and interactive charts. 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 HDFC Securities and Fyers offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both HDFC Securities and Fyers offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. HDFC Securities offers this; Fyers does not currently highlight it.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. HDFC Securities offers this; Fyers does not currently highlight it.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both HDFC Securities and Fyers offer this feature.
Global indices: Real-time data on leading global stock market indices. HDFC Securities offers this; Fyers does not currently highlight it.
Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Fyers offers this; HDFC Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Fyers offers this; HDFC Securities does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both HDFC Securities and Fyers offer this feature.
Live market: Live updates on market movements and trends. Both HDFC Securities and Fyers offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both HDFC Securities and Fyers offer this feature.
HDFC Securities vs Fyers — Comprehensive Comparison of Trading Features
| Trading Feature | HDFC Securities | Fyers |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | No |
| Online MF Buy | Yes | No |
| Research Reports | Yes | Yes |
| Global Indices | Yes | No |
| Customised Recommendations | No | Yes |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by HDFC Securities and Fyers.
Free account opening: Fyers lists free account opening, while HDFC Securities does not currently mention it.
Free AMC: Fyers lists free Demat AMC, while HDFC Securities does not currently mention it.
Free brokerage: Fyers lists free brokerage, while HDFC Securities does not currently mention it.
Flat brokerage: HDFC Securities and Fyers both list flat brokerage pricing.
Flexible brokerage plans: HDFC Securities lists flexible brokerage plans, while Fyers does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Fyers lists free delivery trading, while HDFC Securities does not currently mention it.
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 Fyers does not currently mention it.
Free trading calls: HDFC Securities lists free trading calls, while Fyers does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: HDFC Securities offers Rs.200 per Client while Fyers offers 20% of Revenue for referrals.
HDFC Securities vs Fyers — Comparison of Latest Offers
| Offer | HDFC Securities | Fyers |
|---|---|---|
| Free Account Opening | No | Yes |
| Free AMC | No | Yes |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | Yes, Limited | Yes |
| Flexible Brokerage Plans | Yes | No |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | Yes | No |
| Free Trading Calls | Yes | No |
| Referral Offers | Rs.200 per Client | 20% of Revenue |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. HDFC Securities highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Fyers 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, currency futures, currency options, foreign stocks, mutual funds, banking services, insurance, corporate bonds, government bonds and bonds.
HDFC Securities vs Fyers — Complete Comparison of Products
| Product | HDFC Securities | Fyers |
|---|---|---|
| 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 | Yes | Yes |
| Currency Future | Yes | Yes |
| Foreign Stocks | Yes | No |
| Mutual Funds | Yes | Yes |
| Banking | Yes | No |
| Insurance | Yes | No |
| Corporate Bonds | Yes | No |
| Government Bonds | Yes | Yes |
| Digital Gold | No | No |
Demat services: HDFC Securities and Fyers both list Demat services.
Trading services: HDFC Securities and Fyers both list trading services.
Intraday services: HDFC Securities and Fyers both list intraday trading services.
F&O services: HDFC Securities and Fyers both list F&O services.
IPO services: HDFC Securities and Fyers both list IPO services.
3-in-1 account: HDFC Securities lists 3-in-1 account support, while Fyers does not currently mention it.
Stock research: HDFC Securities lists stock research, while Fyers does not currently mention it.
Stock recommendations: HDFC Securities lists stock recommendations, while Fyers does not currently mention it.
Trading education: Fyers lists trading education, while HDFC Securities does not currently mention it.
Share pledging: HDFC Securities and Fyers both list share pledging.
PMS or PCG: HDFC Securities lists PMS or PCG support, while Fyers does not currently mention it.
NRI services: HDFC Securities lists NRI services, while Fyers does not currently mention it.
HDFC Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support, while Fyers offers Demat services, trading services, intraday trading, F&O trading, IPO access and trading education.
HDFC Securities vs Fyers — In-Depth Comparison of Services
| Service | HDFC Securities | Fyers |
|---|---|---|
| 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 | Yes | No |
| Stock Research | Yes | No |
| Stock Recommendations | Yes | No |
| Trading Education | No | Yes, School of Stocks |
| Share Pledging | Yes | Yes |
| PMS or PCG | Yes | No |
| NRI Services | Yes | No |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from HDFC Securities and Fyers.
HDFC Securities and Fyers — Detailed Comparison of Advisory Services
| Advisory | HDFC Securities | Fyers |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes, chargeable |
| Company Reports | Yes | Yes, chargeable |
| Annual Reports | Yes | No |
| IPO Reports | Yes | No |
| Technical Reports | Yes | No |
| Stock Tips | Yes | Yes, chargeable |
| Daily Top Stock Picks | Yes | Yes, chargeable |
| Daily Market Review | Yes | Yes, chargeable |
| Monthly Review | Yes | No |
| Weekly Review | Yes | Yes, chargeable |
| Relationship Manager | No | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from HDFC Securities and Fyers across different segments.
HDFC Securities and Fyers — Comprehensive Comparison of Trading Exposure
| Exposure | HDFC Securities | Fyers |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
HDFC Securities and Fyers both list a sub-broker program. HDFC Securities and Fyers both list a partner program. HDFC Securities and Fyers both list a referral program.
HDFC Securities vs Fyers — Comparative Analysis of Programs
| Program | HDFC Securities | Fyers |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes, Limited |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
HDFC Securities provides support through trading desk support, dedicated dealer assistance, call support, website support and Facebook support. Fyers provides support through trading desk support, call support, email support, website support and Facebook support. HDFC Securities operates Available branches.
HDFC Securities and Fyers — Comprehensive Comparison of Customer Support
| Support Channel | HDFC Securities | Fyers |
|---|---|---|
| Trading Support | Available, Free | Available, Chargeable |
| Dedicated Dealer | Available, Free | NA |
| Call Support | 022-39019400 | 080-60001111 |
| Email Support | NA | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | NA |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. HDFC Securities carries an overall rating of 9.50 / 10, while Fyers carries an overall rating of 8.20 / 10.
HDFC Securities vs Fyers — Ratings Comparison
| Rating Parameter | HDFC Securities | Fyers |
|---|---|---|
| Overall Rating | 9.50 / 10 | 8.20 / 10 |
| Customer Support | 9.46 / 10 | 8.16 / 10 |
| Technology | 9.61 / 10 | 8.29 / 10 |
| Charges | 9.53 / 10 | 8.23 / 10 |
| Products & Services | 9.44 / 10 | 8.15 / 10 |
| Experience | 9.42 / 10 | 8.13 / 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.
HDFC Securities & Fyers — Comparison of Customer Complaints
| Complaint Metric | HDFC Securities | Fyers |
|---|---|---|
| Total Complaints Lodged | 129 | 132 |
| Total Complaints Resolved | 104 | 118 |
| % of Resolved Complaints | 80.62% | 89.39% |
| Non-Actionable Complaints | 8 | 10 |
| % of Non-Actionable Complaints | 6.20% | 7.58% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for HDFC Securities and Fyers.
HDFC Securities vs Fyers — Detailed Comparison of Transaction Charges
| Transaction Charges | HDFC Securities | Fyers |
|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | 0.00325% (NSE) 0.00375% (BSE) |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | 0.00325% (NSE) 0.00375% (BSE) |
| Equity Future | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | 0.0019% (NSE & BSE) |
| Equity Option | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | 0.05% (on premium) |
| Commodity Future | 0.0026% (Non-Agri) | |
| Commodity Option | 0.05% (Non Agri) | |
| Currency Future | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | 0.0009% (NSE) |
| Currency Option | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | 0.035% (NSE) |
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.
HDFC Securities & Fyers — Comprehensive Comparison of Pledge Charges
| Pledge Charge | HDFC Securities | Fyers |
|---|---|---|
| Pledge Creation Charges | Nil | |
| Pledge Invocation Charges | Nil | |
| Margin Trading Interest | Nil |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
HDFC Securities and Fyers — Detailed Comparison of Hidden / Other Charges
| Charge | HDFC Securities | Fyers |
|---|---|---|
| SEBI Turnover Charges | 0.0001% (₹10/Crore) of the turnover | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.15 per Scrip on Sell | |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Nil | |
| Reactivation Charges | Nil | |
| Dematerialisation Charges | Nil | |
| Call & Trade Charges | Rs.50 per Trade |
HDFC Securities lists account opening charges of Rs.199 and Demat AMC of Rs.750 per Year. Fyers lists account opening charges of Free and Demat AMC of Free (limited period offer).
HDFC Securities vs Fyers — Detailed Comparison of Demat Charges
| Demat Charges | HDFC Securities | Fyers |
|---|---|---|
| Account Opening Charges | Rs.199 | Free |
| Annual Maintenance Charges (AMC) | Rs.750 per Year | Free (limited period offer) |
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.
HDFC Securities vs Fyers — Comparative Analysis of STT and CTT Charges
| STT & CTT | HDFC Securities | Fyers |
|---|---|---|
| Equity Delivery | 0.1% of total transaction value | 0.1% on buy & sell |
| Equity Intraday | 0.025% of turnover | 0.025% on sell |
| Equity Future | 0.01% of turnover | 0.0125% on sell |
| Equity Option | 0.05% | 0.0625% on sell (on premium) |
| Commodity Future | 0.01% | 0.01% on sell (Non-Agri) |
| Commodity Option | 0.05% | 0.05% on sell |
| Currency Future | - | Nil |
| Currency Option | - | Nil |
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.
HDFC Securities and Fyers — Comparison of Stamp Duty Charges
| Stamp Duty | HDFC Securities | Fyers |
|---|---|---|
| Equity Delivery | 0.015% | 0.015% on buy |
| Equity Intraday | 0.003% | 0.003% on buy |
| Equity Future | 0.002% | 0.002% on buy |
| Equity Option | 0.003% | 0.003% on buy |
| Commodity Future | 0.002% | 0.002% on buy |
| Commodity Option | 0.003% (MCX) | 0.003% on buy |
| Currency Future | 0.0001% | 0.0001% on buy |
| Currency Option | 0.0001% | 0.0001% on buy |