HDFC SKY Review 2025: Stock Trading, Demat, and Brokerage

HDFC SKY is a leading discount broker in India and offers Discount Broker to traders and investors across the country. The discount stockbroker enables investors to trade in equity, commodity, currency, futures, and options across BSE and NSE.

Here is a detailed HDFC SKY review that encompasses all the details of the stockbroker like brokerage charges, account opening charges, features, exposure, other charges, trading platforms, products, etc. So, let's go through this review below.

HDFC SKY Overview

HDFC SKY stock broker is backed by HDFC SKY Capital Limited, a reputed public company promoted by the founders of none other than IIFL. The broker started its operations in 2023. The stockbroker reached new heights of success quickly which is an example for others.

HDFC SKY has headquarters in Mumbai. The stockbroking company was founded by Dhiraj Relli. The stockbroker offers different subscription plans – Regular, Power Investor, and Ultra Trader.

Since its inception, the stockbroker has established itself as a competitive Discount Broker by providing a user-centric trading platform, reasonable brokerage, and high-end research tools. Along with this, HDFC SKY offers steadfast customer support and educational support, making it a great choice for investors and traders.

HDFC SKY A Comprehensive Company Overview

Company Overview HDFC SKY
Company Type Private
Broker Type Discount Broker
Headquarters Mumbai
Founder Dhiraj Relli
Establishment Year 2023

Account opening and demat charges

HDFC SKY has Free account opening charges for both trading and Demat accounts. For trading account, the AMT charges are Free but the AMC for the Demat Account is Rs. Rs.300 per Year (1st Year Free).

If you are looking to invest in stock through HDFC SKY, you would have to open a 2-in-1 account which includes a Demat account and a trading account.

Account Opening and Demat Charges

Broker HDFC SKY
Trading Account Opening Charges Free
Demat AMC (Annual Maintenance Charges) Rs.300 per Year (1st Year Free)
Depository

HDFC SKY brokerage charges 2025

The brokerage refers to an amount that is charged by a stockbroker against the services offered.

  • Equity delivery: You need to pay these charges when you buy and hold stocks in your trading account for a longer period. This type of trading generally charges lower brokerage charges as compared to others.
  • Equity intraday: When you buy and sell stocks on the same day, you need to pay equity delivery brokerage charges. Intraday trading mainly focuses on short-term price movements.
  • Equity futures: You have to pay equity future brokerage charges when you trade futures contracts on stocks. Equity futures are agreements to buy or sell a stock at a predetermined price on a future date. The charges for trading equity futures include brokerage fees and may also include transaction charges based on the contract value.
  • Equity options: When you trade options contracts based on stocks, you have to pay brokerage charges determined for equity options. An equity option gives the holder the right, but not the obligation, to buy or sell a stock at a specified price before or at the expiration date. The brokerage charges for options trading often include a flat fee per contract or a fee based on the option’s premium.
  • Commodity futures: These are charges for trading futures contracts on commodities such as gold, oil, or agricultural products. Commodity futures contracts are agreements to buy or sell a specific quantity of a commodity at a predetermined price on a future date.
  • Currency futures: These are charges for trading futures contracts on currencies. Currency futures involve agreements to exchange one currency for another at a set price on a future date. The charges for currency futures usually include a flat fee per contract and may vary depending on the currency pair and contract size.
  • Currency options: Charges for trading options contracts on currencies. A currency option provides the right, but not the obligation, to buy or sell a currency pair at a specified price before or at the expiration date. The charges for currency options typically include a fee per option contract and may be based on the option's premium.

Brokerage of HDFC SKY

Brokerage HDFC SKY
Brokerage Plan Standard
Subscription Charges Zero
Equity Delivery Rs.20 per Order or 0.01% (whichever is low)
Equity Intraday Rs.20 per Order or 0.01% (whichever is low)
Equity Future Rs.20 per Order or 0.01% (whichever is low)
Equity Option Rs.20 per Order
Commodity Future Rs.20 per Order or 0.01% (whichever is low)
Commodity Option Rs.20 per Order
Currency Future Rs.20 per Order or 0.01% (whichever is low)
Currency Option Rs.20 per order

HDFC SKY margin exposure

To provide assistance to traders and investors in the utilization of margin money for trading, HDFC SKY offers margin exposure. You may manage bigger holdings with lesser sums of money when you use margin money. You can increase your trading potential and seize market opportunities with this product.

HDFC SKY Exposure

Exposure HDFC SKY
Equity Delivery 1x
Equity Intraday Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x
Equity F&O Intraday 1.3x
Commodity F&O Carry Forward 1x
Commodity F&O Intraday 1.3x
Currency F&O 1x

HDFC SKY other charge

Apart from charging brokerage charges, there are several other charges levied by HDFC SKY. These charges come under the purview of other charges. These include stamp duty, STT, SEBI turnover charges, GST, transaction charges, and others. As an investor or trader, you must need to be aware of these charges before going ahead.

Other charges of HDFC SKY

Charges HDFC SKY
STT Equity Delivery 0.1% on buy & sell
Stamp Duty Equity Delivery 0.015% on buy
Transaction Charges Equity Intraday 0.00350% (NSE) & 0.00375% (BSE)
STT Equity Intraday 0.025% on sell
Stamp Duty Equity Intraday 0.003% on buy
Transaction Charges Equity Futures 0.0019% (NSE & BSE)
STT Equity Future 0.0125% on sell
Stamp Duty Equity Future 0.002% on buy
Transaction Charges Equity Options 0.053% (on premium)
STT Equity Options 0.0625% on sell (on premium)
Stamp Duty Equity Options 0.003% on buy
SEBI Turnover Charges Rs.10/ Crore (All Segment)
GST 18% on (Brokerage + SEBI + Transaction charges)

HDFC SKY trading platforms

HDFC SKY offers different trading platforms for both mobile and desktop users. All these trading platforms are high on user-friendliness and advanced features. Whether you are new to stock trading or a seasoned trader, these trading platforms offer exemplary trading experience. Some of the features offered by HDFC SKY trading platforms are:

  • Single-click order placement
  • Multiple watchlists
  • Smart mobile application
  • Research and advisory
  • UPI-based fund transfer
  • Auto investor
  • Live quotes on markets and stocks
  • Tracking investments and trades

HDFC SKY – Trading Platforms

Trading Platforms HDFC SKY
Android App HDFC SKY Android App Link
iOS App HDFC SKY iOS App Link
Web Trading Platform HDFC SKY Web Trading Link
Trading Terminal NA
Algo Trading Platform NA
Foreign Stocks Trading Platform Available
Basket Trading Platform Available
Mutual Fund Investment Platform Available
Digital Gold Investment Platform NA
Bonds Investment Platform Available

HDFC SKY offers

In order to entice investors, a lot of stockbrokers make alluring offers. For instance, some might provide a free account opening procedure, while others might provide free trading and delivery. Brokers utilize these offerings to set themselves apart from the competition and to draw in new business while keeping hold of their current clientele. Brokers increase the desirability of their services in comparison to rivals by emphasizing these advantages.

HDFC SKY Offers

Offers HDFC SKY
Free Account Opening Yes
Free AMC Yes, Limited
Free Brokerage No
Flat Brokerage Yes
Flexible Brokerage Plans No
Happy Trading Hours No
Free Delivery Trading No
Free Intraday Trading No
Free F&O Trading No
Free Research Reports Yes
Free Trading calls Yes
Referral Offers Rs.200 per Client
Margin Funding / Pledging Yes
Brokerage Cashback No
Zero Brokerage for Loss Making Trades No

HDFC SKY features

Additionally, HDFC SKY provides sophisticated trading tools for both novice and seasoned traders. From fundamental elements like portfolio tracking and real-time market data to more sophisticated choices like investment research, tailored recommendations, and charting tools, these features cover the gamut. Additionally, Angel One provides stock tips, research reports, and personalized stock recommendations.

Comparison of HDFC SKY – Trading Features

Trading Features HDFC SKY
Wishlist Yes
Real Time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
Research Reports Yes
Global indices Yes
Customised Recommendations Yes
Stock tips Yes
Interactive charts Yes
Live market Yes
Multi Profile Management No
Robust & Secure Platform Yes

Services

The platform offers numerous financial services. Core services include trading in stocks, derivatives, and IPOs. The platform also offers in-depth market research, investment recommendations, and tools to help traders make informed decisions. For those seeking more hands-on management, Angel One provides portfolio management services as well. While it doesn't offer a traditional 3-in-1 account, it covers most other essential financial services.

HDFC SKY – Services Provided

Services Provided HDFC SKY
Demat Services Yes
Trading Services Yes
Intraday Services Yes
F&O Services Yes
IPO Services Yes
3 in 1 Account Yes
Stock Research Yes
Stock Recommendations Yes
Trading Institution No
Share Pledging Yes
PMS or PCG Yes
NRI Services Yes

Products

For traders and investors, HDFC SKY provides a full range of financial solutions. Based on your interests, you can trade in stocks, options, and futures. It also provides currency and commodity trading. HDFC SKY also lets you trade foreign equities if you're interested in international markets. Additionally, investing in mutual funds allows you to diversify your portfolio. It will assist you in protecting your money from erratic market fluctuations. HDFC SKY can efficiently cater to a variety of investment plans and tastes thanks to its wide range of product offerings.

HDFC SKY – Products Provided

Products Provided HDFC SKY
Equity Delivery Yes
Equity Intraday Yes
Equity Option Yes
Equity Future Yes
Commodity Option Yes
Commodity Future Yes
Currency Option Yes
Currency Future Yes
Foreign Stocks Yes
Mutual Funds Yes
Banking Yes
Insurance Yes
Corporate Bonds Yes
Govt. Bonds Yes
Digital Gold No

Customer support

HDFC SKY provides strong customer service to guarantee a seamless and trouble-free experience for its customers. For assistance with any questions or problems, their committed support staff is accessible via phone, email, and live chat.

Customer Support of HDFC SKY

Customer Support HDFC SKY
Trading Support Available, Free
Dedicated Dealer Available, Free
Call Support 022-68494702
Email Support investmentadvisers@hdfcsec.com
Whatsapp Support NA
Website Support Website Link
Facebook Support Facebook Support Link
Twitter Support Twitter Support Link
Telegram Support NA
Branches / Offices NA

Customer complaints

The BSE and NSE regularly receive and address complaints in order to maintain a rigorous check and balance on fair-trade opportunities for all traders and investors. Investors have the option to file complaints regarding brokers, trading members, and index-listed businesses. In order to address them, the BSE and NSE give them a deadline to correct their error; if they don't, harsh action is taken against them. The total number of complaints filed with the BSE or NSE is listed below. You may also see the percentage of those complaints that were settled. Another helpful indicator to evaluate a stock broker is the proportion of lodged vs resolved cases.

HDFC SKY Complaints

Complaints HDFC SKY
Total Complaints Lodged 6
Total Complaints Resolved 6
% of Resolved Complaints 100%
Non Actionable Complaints 0
% of Non Actionable Complaints 0%

Frequently Asked Questions


Who is the founder of HDFC SKY?
HDFC SKY is founded by Dhiraj Relli.

What type of broker is HDFC SKY?
HDFC SKY is a Discount Broker broker and it offers a complete range of financial services such as stock trading, mutual funds, and advisory services. Plus, it offers both online and offline trading facilities for various investor needs.

Is HDFC SKY free?
HDFC SKY account opening process is free but you have to pay the annual maintenance charges of Rs.300 per Year (1st Year Free).

Is HDFC SKY reliable?
Yes, HDFC SKY is a trusted and regulated broker in India with over two decades of experience in the financial industry. It is a member of major exchanges like NSE, BSE, and MCX.

How to open a demat account with HDFC SKY?
You can open an HDFC SKY demat account by visiting the official website of HDFC SKY. You need to submit the basic personal details, and KYC documents, and complete an e-sign process. The account is usually activated within 24-48 hours.

What trading platforms does HDFC SKY offer?
HDFC SKY offers multiple trading platforms, including a web-based platform, a mobile app, and a desktop application. These platforms are equipped with advanced tools and features for seamless trading.

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