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HDFC Sky Vs IDBI Direct: Which one is better?

Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where IDBI Direct offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of IDBI Direct ranges between 0.02% to 0.20%. HDFC Sky is a Discount Broker where IDBI Direct is a Full Service Broker. HDFC Sky is having overall higher rating compare to IDBI Direct. HDFC Sky is rated 4 out of 5 where IDBI Direct is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for IDBI Direct is 54,478. HDFC Sky is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of HDFC Sky vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Sky vs IDBI Direct's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of HDFC Sky vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared HDFC Sky vs IDBI Direct's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare HDFC Sky vs IDBI Direct on Service

  HDFC Sky Compare
HDFC Sky
IDBI Direct Compare
IDBI Direct
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 10,62,264 54,478
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...Know more about IDBI Direct
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare HDFC Sky vs IDBI Direct on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with IDBI Direct
Charges HDFC Sky IDBI Direct
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 350 PA [Free for 1st year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare HDFC Sky with IDBI Direct. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare HDFC Sky with IDBI Direct on Plan Options
Plan Types HDFC Sky IDBI Direct
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs IDBI Direct on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Brokerage Charges - Compare HDFC Sky with IDBI Direct
Brokerage Charges Compare HDFC Sky IDBI Direct
Plan Name Fixed pricing model Flat Brokerage PLan
Equity Delivery 0.1% or Rs 20 whichever is lower 0.20%
Equity Intraday 0.1% or Rs 20 whichever is lower 0.02%
Equity Futures 0.1% or Rs 20 whichever is lower Flat Rs 15 per order
Equity Options Flat Fee Rs 20 Flat Rs 15 per order
Currency Futures 0.1% or Rs 20 whichever is lower Flat Rs 15 per order
Currency Options Flat Fee Rs 20 Flat Rs 15 per order
Commodity Trading Flat Fee Rs 20 NA
Minimum Brokerage NIL Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Info Not Available
Call & Trade Charges Rs 20 per call Free
Auto Square off Charges 0.1% or Rs 20 whichever is lower NA
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare HDFC Sky vs IDBI Direct on Transaction Charges

Compare HDFC Sky with IDBI Direct on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky with IDBI Direct
Transaction Charges Compare HDFC Sky IDBI Direct
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for idbicapital
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Account Features

Compare HDFC Sky vs IDBI Direct on Account Features

Compare HDFC Sky with IDBI Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - HDFC Sky with IDBI Direct
Account Features Compare HDFC Sky IDBI Direct
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs IDBI Direct on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and IDBI Direct. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare HDFC Sky with IDBI Direct
Trading Platform Compare HDFC Sky IDBI Direct
Desktop Trading Platform HDFC Sky Infinity
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://trade.idbicapital.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App IDBI Direct Mobile App
Mobile Trading App Demo HDFC Sky App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod IDBI Direct Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS IDBI Direct Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for IDBI Direct
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for IDBI Direct
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for IDBI Direct
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for idbicapital

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Broker Ratings by Users

Compare HDFC Sky vs IDBI Direct on User Rating

  HDFC Sky IDBI Direct
  97 Customer Reviews    Rate HDFC Sky 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 2.4 3.0
Trading Brokerage Rating 2.1 2.5
Trading Platform Usability 2.9 2.6
Customer Service Ratings 2.8 2.7
Overall Ratings 2.4 2.7
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews
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Investment Offerings

Compare HDFC Sky vs IDBI Direct on Investment Offerings

Compare HDFC Sky with IDBI Direct on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - HDFC Sky offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Sky with IDBI Direct
Investment Offerings Compare HDFC Sky IDBI Direct
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs IDBI Direct on Order Types

Order Type - Compare HDFC Sky with IDBI Direct on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- IDBI Direct offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare HDFC Sky with IDBI Direct
Order Type Compare HDFC Sky IDBI Direct
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs IDBI Direct on Customer Service

Compare HDFC Sky with IDBI Direct on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare HDFC Sky with IDBI Direct
Customer Service Compare HDFC Sky IDBI Direct
24/7 Customer Service HDFC Sky vs IDBI Direct - 24x7 customer support No No
Email Support HDFC Sky vs IDBI Direct - Email Support Yes Yes
Onine Live Chat HDFC Sky vs IDBI Direct - Onine Live Chat No No
Phone Support HDFC Sky vs IDBI Direct - Phone Support Yes Yes
Toll Free Number HDFC Sky vs IDBI Direct - Toll Free Number No Yes
Through Branches HDFC Sky vs IDBI Direct - Through Branches Yes Yes
Customer Care Number HDFC Sky vs IDBI Direct - Customer Care Number 1800 121 2109 022-3913 5001
Account Opening Process HDFC Sky vs IDBI Direct - Account Opening Process Online Info Not Available
Customer Support Email HDFC Sky vs IDBI Direct - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs IDBI Direct - Knowledge Center/Education https://hdfcsky.com/learn Info Not Available
Head Office Address HDFC Sky vs IDBI Direct - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Info Not Available
Website HDFC Sky vs IDBI Direct - Company Website https://hdfcsky.com/ https://www.idbidirect.in/
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Tips/Research/Reports Published

Compare HDFC Sky vs IDBI Direct on Research Reports, Tips

Compare HDFC Sky with IDBI Direct on research reports and tips provided by the broker.

Research Reports - Compare HDFC Sky with IDBI Direct
  HDFC Sky IDBI Direct
Research Mutual Funds HDFC Sky vs IDBI Direct - Research Mutual Funds Yes Yes
Research Equity Reports HDFC Sky vs IDBI Direct - Research Equity Reports Yes Yes
Research ETF HDFC Sky vs IDBI Direct - Research ETF Yes Yes
Daily Market Report HDFC Sky vs IDBI Direct - Daily Market Report Yes Yes
Free Tips HDFC Sky vs IDBI Direct - Free Tips Yes Yes
Quarterly Result Analysis HDFC Sky vs IDBI Direct - Quarterly Results Yes Yes
News Alerts HDFC Sky vs IDBI Direct - Yes Yes
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Demat Account

Compare HDFC Sky vs IDBI Direct on Demat Account

Compare HDFC Sky with IDBI Direct on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for IDBI Direct is ₹350 pa where for HDFC Sky is ₹750 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky with IDBI Direct
  HDFC Sky IDBI Direct
DP Source CDSL CDSL
DP ID HDFC Sky vs IDBI Direct - DP ID CDSL: 1209 No
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹350 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹5 per certificate + ₹35 request charges ₹5 per certificate + ₹30 courier charges
Remat ₹30 ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation Nil 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation 0.04% of transaction value (Min ₹40) 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs IDBI Direct on Special Offers and Promotion

Compare HDFC Sky with IDBI Direct on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs IDBI Direct on Special Offers and Promotion
  HDFC Sky IDBI Direct
Pay In and Pay Out Options HDFC Sky vs IDBI Direct - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time HDFC Sky vs IDBI Direct - Payout Time Instant to HDFC Bank. Info Not Available
Bank Supported and Charges HDFC Sky vs IDBI Direct - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your HDFC bank account. Info Not Available
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00