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HDFC Sky Vs Indira Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Indira Securities ranges between 0.01% to 0.10%. HDFC Sky is a Discount Broker where Indira Securities is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for HDFC Sky is 10,16,329 where number of active customer for Indira Securities is 8,106. HDFC Sky is serving more customer compare to Indira Securities.

Here we present side-by-side comparison of HDFC Sky vs Indira Securities 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 Indira Securities'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 Indira Securities 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 Indira Securities'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 Indira Securities on Service

  HDFC Sky Compare
HDFC Sky
Indira Securities Compare
Indira Securities
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, MCX
Active Clients 10,16,329 8,106
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 a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
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 Indira Securities on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with Indira Securities 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 Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Indira Securities
Charges HDFC Sky Indira Securities
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 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Indira Securities on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Indira Securities. 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 Indira Securities on Plan Options
Plan Types HDFC Sky Indira Securities
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 Indira Securities 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.

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare HDFC Sky with Indira Securities
Brokerage Charges Compare HDFC Sky Indira Securities
Plan Name Fixed pricing model Traditional Brokerage Plan
Equity Delivery 0.1% or Rs 20 whichever is lower 0.10%
Equity Intraday 0.1% or Rs 20 whichever is lower 0.01%
Equity Futures 0.1% or Rs 20 whichever is lower 0.01%
Equity Options Flat Fee Rs 20 Rs. 25 per lot (both side)
Currency Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 20
Currency Options Flat Fee Rs 20 Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Flat Fee Rs 20 Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage NIL NA
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 20 per call Free
Auto Square off Charges 0.1% or Rs 20 whichever is lower Free
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Indira Securities
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Share Broker's Transaction Charges

Compare HDFC Sky vs Indira Securities on Transaction Charges

Compare HDFC Sky with Indira Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky with Indira Securities
Transaction Charges Compare HDFC Sky Indira Securities
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 Non-Agri Rs 260| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for indira-securities
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Account Features

Compare HDFC Sky vs Indira Securities on Account Features

Compare HDFC Sky with Indira Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where Indira Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - Indira Securities offers Algo Trading where HDFC Sky 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 Indira Securities
Account Features Compare HDFC Sky Indira Securities
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
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 3:15 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Indira Securities. 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 Indira Securities
Trading Platform Compare HDFC Sky Indira Securities
Desktop Trading Platform HDFC Sky ODIN Diet
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App TradeInsta
Mobile Trading App Demo HDFC Sky App Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod TradeInsta Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS TradeInsta 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 Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare HDFC Sky vs Indira Securities on User Rating

  HDFC Sky Indira Securities
  97 Customer Reviews    Rate HDFC Sky 1 Customer Reviews    Rate Indira Securities
Fees Ratings 2.4 2.0
Trading Brokerage Rating 2.1 4.0
Trading Platform Usability 2.9 2.0
Customer Service Ratings 2.8 2.0
Overall Ratings 2.4 3.0
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare HDFC Sky vs Indira Securities on Investment Offerings

Compare HDFC Sky with Indira Securities 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 - Both broker offers trading options in Commodity (MCX). 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 Indira Securities
Investment Offerings Compare HDFC Sky Indira Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Indira Securities on Order Types

Order Type - Compare HDFC Sky with Indira Securities 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)- Indira Securities 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 Indira Securities
Order Type Compare HDFC Sky Indira Securities
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 Indira Securities on Customer Service

Compare HDFC Sky with Indira Securities 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 Indira Securities
Customer Service Compare HDFC Sky Indira Securities
24/7 Customer Service HDFC Sky vs Indira Securities - 24x7 customer support No Yes
Email Support HDFC Sky vs Indira Securities - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Indira Securities - Onine Live Chat No Yes
Phone Support HDFC Sky vs Indira Securities - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Indira Securities - Toll Free Number No Yes
Through Branches HDFC Sky vs Indira Securities - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Indira Securities - Customer Care Number 1800 121 2109 +91-(0)731-4797105/115/146
Account Opening Process HDFC Sky vs Indira Securities - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Indira Securities - Knowledge Center/Education https://hdfcsky.com/learn https://www.indiratrade.com/blog
Head Office Address HDFC Sky vs Indira Securities - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website HDFC Sky vs Indira Securities - Company Website https://hdfcsky.com/ https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Indira Securities on Research Reports, Tips

Compare HDFC Sky with Indira Securities on research reports and tips provided by the broker.

Research Reports - Compare HDFC Sky with Indira Securities
  HDFC Sky Indira Securities
Research Mutual Funds HDFC Sky vs Indira Securities - Research Mutual Funds Yes No
Research Equity Reports HDFC Sky vs Indira Securities - Research Equity Reports Yes Yes
Research ETF HDFC Sky vs Indira Securities - Research ETF Yes No
Daily Market Report HDFC Sky vs Indira Securities - Daily Market Report Yes Yes
Free Tips HDFC Sky vs Indira Securities - Free Tips Yes Yes
Quarterly Result Analysis HDFC Sky vs Indira Securities - Quarterly Results Yes Yes
News Alerts HDFC Sky vs Indira Securities - Yes Yes
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Demat Account

Compare HDFC Sky vs Indira Securities on Demat Account

Compare HDFC Sky with Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards) 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 Indira Securities is ₹20 or 0.02% whichever is higher.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 Indira Securities
  HDFC Sky Indira Securities
DP Source CDSL CDSL
DP ID HDFC Sky vs Indira Securities - DP ID CDSL: 1209 752000
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹450 pa (Second year onwards)
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹20 or 0.02% whichever is higher
Demat ₹5 per certificate + ₹35 request charges ₹5 per certificate + ₹35 courier charges
Remat ₹30 ₹50 per RRN
Pledge Creation Nil ₹50
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil ₹50
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹50 or 0.02% whichever is higher
Failed Instruction Charges Nil ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Indira Securities on Special Offers and Promotion

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

Compare HDFC Sky vs Indira Securities on Special Offers and Promotion
  HDFC Sky Indira Securities
Pay In and Pay Out Options HDFC Sky vs Indira Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time HDFC Sky vs Indira Securities - Payout Time Instant to HDFC Bank.

Max 24 hrs except bank holidays

Bank Supported and Charges HDFC Sky vs Indira Securities - Bank Supported and Charges Info Not Available

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail Direct from your HDFC bank account. HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
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...

  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

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...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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