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HDFC Sky Vs IIFL Securities Vs Reliance Securities: Which one is better?

The brokerage of HDFC Sky ranges between Rs 20, the brokerage of IIFL Securities ranges between Rs 20, while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. The broker IIFL Securities and Reliance Securities are a full service brokers where HDFC Sky is a discount broker. Overall rating for HDFC Sky is 4, IIFL Securities is rated 4, Reliance Securities is rated 3.5 out of 5.

Here we present side-by-side comparison of HDFC Sky vs IIFL Securities vs Reliance Securities stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared HDFC Sky vs IIFL Securities vs Reliance Securities on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better HDFC Sky vs IIFL Securities vs Reliance Securities in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Service

  HDFC Sky Compare
HDFC Sky		 IIFL Securities Compare
IIFL Securities		 Reliance Securities Compare
Reliance Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Full Service Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE
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 IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...Know more about IIFL Securities Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... Know more about Reliance Securities
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Trading & Demat Account Opening Charges

In this section we have compared HDFC Sky vs IIFL Securities vs Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky and IIFL Securities offer Free account opening where Reliance Securities charges Rs 950 for account opeing. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account, where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
Charges HDFC Sky IIFL Securities Reliance Securities
Trading Account Opening Fees Free Free Rs 950
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 250 PA (Free for 1st year) Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Plan Options

Plans are the most important feature you look when compare HDFC Sky vs IIFL Securities vs Reliance Securities. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Reliance Securities offers Multiple Plans where HDFC Sky and IIFL Securities doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Plan Options
Plan Types HDFC Sky IIFL Securities Reliance Securities
Multiple Plans No No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  IIFL Securities Zerodha Zerodha
Account Opening Request
Open IIFL Securities Account Now>>
Open Zerodha Account Now>>
Open Zerodha Account Now>>
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Brokerage Charges

Compare HDFC Sky vs IIFL Securities vs Reliance Securitieson 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.

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

Brokerage Charges - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
Brokerage Charges Compare HDFC Sky IIFL Securities Reliance Securities
Plan Name Fixed pricing model IIFL iSERVE Brokerage Plan R-FIXED Online Brokerage Plan (Percentage Based)
Equity Delivery 0.1% or Rs 20 whichever is lower Flat Rs 20 per order 0.50%
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Rs 20 per order 0.05%
Equity Futures 0.1% or Rs 20 whichever is lower Flat Rs 20 per order 0.05%
Equity Options Flat Fee Rs 20 Flat Rs 20 per order Rs 100 Per Lot
Currency Futures 0.1% or Rs 20 whichever is lower Flat Rs 20 per order 0.05%
Currency Options Flat Fee Rs 20 Flat Rs 20 per order Rs 100 Per Lot
Commodity Trading Flat Fee Rs 20 Flat Rs 20 per order Future: 0.05%| Options: Rs 100 per lot
Minimum Brokerage 5 paise per share
Hidden Charges No Info Not Available
Call & Trade Charges Rs 20 per call Rs 50 Per Call + GST Rs 20 per call (Free First 20 call per month)
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 Per Call + GST Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for IIFL Securities Brokerage Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Transaction Charges

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
Transaction Charges Compare HDFC Sky IIFL Securities Reliance Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for reliance-securities
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Account Features

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Account Features

Compare HDFC Sky vs IIFL Securities vs Reliance 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 IIFL Securities and Reliance Securities offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - HDFC Sky vs IIFL Securities vs Reliance Securities
Account Features Compare HDFC Sky IIFL Securities Reliance 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. No Reliance Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No No No
SMS Alerts Yes Yes Yes
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity Yes Yes Yes
Intraday Square-off Time 3:15PM 3:15PM 3:15PM
NRI Trading Yes Yes Yes
Other Features NIL NIL Mobile Application: Rmobile Xpress
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Trading Platform

Compare HDFC Sky vs IIFL Securities vs Reliance Securitieson Trading Platform

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

Trading Platform - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
Trading Platform Compare HDFC Sky IIFL Securities Reliance Securities
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://hdfcsky.com/

https://ttweb.indiainfoline.com

http://tick.rsec.co.in/
Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App HDFC Sky App IIFL Markets TICK PRO
Mobile Trading App Demo HDFC Sky App Demo IIFL Markets Demo TICK PRO Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod IIFL Markets Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download iOS HDFC Sky App Download iOS IIFL Markets Download iOS TICK PRO Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Reliance Securities
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Reliance Securities
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for reliance-securities

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Broker Ratings by Users

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on User Rating

  HDFC Sky IIFL Securities Reliance Securities
  97 Customer Reviews    Rate HDFC Sky 82 Customer Reviews    Rate IIFL Securities 52 Customer Reviews    Rate Reliance Securities
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Investment Offerings

Compare HDFC Sky vs IIFL Securities vs Reliance 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities and Reliance Securities offers PMS facility where HDFC Sky doesn't offers PMS facility.

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

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Order Types

Order Type - Compare HDFC Sky vs IIFL Securities vs Reliance Securities on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After Market Orders (AMO) - IIFL Securities and Reliance Securities AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky and IIFL Securities offers Good Till Cancelled (GTC) orders facility where Reliance Securities doesn't provides GTC.

Order Types - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
Order Type Compare HDFC Sky IIFL Securities Reliance Securities
CNC order No No No
MIS order No No No
NRML order No No No
Cover order No No No
Bracket order No No No
AMO-After Market Orders No Yes Yes
GTC-Good Till Cancelled Yes Yes No
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Customer Service Offered

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Customer Service

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
Customer Service Compare HDFC Sky IIFL Securities Reliance Securities
24/7 Customer Service No Yes No
Email Support Yes Yes Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No Yes Yes
Through Branches Yes Yes Yes
Customer Care Number 1800 121 2109 022-40071000 022 41596000 | 022 62436000
Account Opening Process Online Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://hdfcsky.com/learn https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.reliancesmartmoney.com/Insights
Head Office Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042		 IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604		 Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website https://hdfcsky.com/ https://www.indiainfoline.com/ https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Research Reports, Tips

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on research reports and tips provided by broker.

Research Reports - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
  HDFC Sky IIFL Securities Reliance Securities
Research Mutual Funds Yes Yes Yes
Research Equity Reports Yes Yes Yes
Research ETF Yes Yes Yes
Daily Market Report Yes Yes Yes
Free Tips Yes Yes Yes
Quarterly Result Analysis Yes Yes Yes
News Alerts Yes Yes Yes
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Demat Account

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Demat Account

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky vs IIFL Securities vs Reliance Securities
  HDFC Sky IIFL Securities Reliance Securities
DP Source CDSL CDSL CDSL
DP ID 12400 44700 41400
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹400 pa ₹300 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil Nil
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges
Demat ₹5 per certificate + ₹35 request charges ₹15 per certificate + ₹40 courier charges ₹5 per certificate + ₹30 request charges
Remat ₹30 ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation Nil ₹50 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Nil Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil 0.05% of transaction value (Min ₹30)
Pledge Invocation 0.04% of transaction value (Min ₹40) Nil 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Special Offers and Promotion

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs IIFL Securities vs Reliance Securities on Special Offers and Promotion
  HDFC Sky IIFL Securities Reliance Securities
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
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...
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...
  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

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...
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...
  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

Detail Review...
Special Offers/Promo
Enquire for HDFC Sky Enquire for IIFL Securities Enquire for Reliance Securities

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