FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

HDFC Sky Review 2024

Rated 4/5 by InvestorGain Team
Last updated on: 9-Nov-2023
HDFC Sky Review
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

HDFC Sky Review 2024 - Quick Summary

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 & advisory services make HDFC Sky a recommended broker to open an account with.

HDFC Sky Top Highlight for 2024

  • A part of leading full-service broker, HDFC Securities.
  • Trade on BSE, NSE, and MCX.
  • Free Demat and Trading account opening
  • Zero Demat AMC for first year
  • Pay maximum Rs 20/order brokerageacross segments
  • Buy stocks Pay Later with MTF at 12%
  • New-gen HDFC Sky trading app
  • Access to fundamental and technical research of HDFC Securities

About HDFC Sky

HDFC Sky is a new-age discount broker launched by HDFC Securities. Multiple trading and investing solutions, free account opening, a maximum Rs 20 flat brokerage fee, and a next-age HDFC SKY trading app with incredible features provide an amazing experience to every trader and investor like you! Want to open an account with HDFC Sky, if yes, read the complete genuine HDFC Sky review 2023 to the end.

Noticing the growing demand for discount broking apps in India, HDFC Securities also took a step ahead by introducing its discount broking platform, HDFC SKY. Being a registered trading member of BSE, NSE, MCX, and MSEI, HDFC Sky is a one-stop-shop for all your trading and investing needs be it Indian equities, ETFs, equity derivatives commodities, currencies, mutual funds, US stocks and fixed-income instruments.

Any resident can open a free demat account with HDFC Sky at zero account opening fee. Also, it charges a competitive flat brokerage fee of Rs 20 per executed order on all intraday and delivery trades. Thus, you end up paying just Rs 20 fixed brokerage irrespective of the amount you trade.

Its discount broking app, HDFC Sky app is an all-in-one app to trade or invest across different asset classes or segments. It is loaded with tons of features like smart dashboard, portfolio basket, quick trade execution, and a lot more!

Over and above the trading and investing features, it also provides you access to 23 years of powerful research by HDFC Securities and that too absolutely free of cost. Leading discount stockbrokers i.e., Zerodha, and Groww do not offer research and advisory services.

Zerodha Promotion Offer

Current promotion offer from Zerodha for InvestorGain Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App

Open Instant Zerodha Account Now!

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HDFC Sky Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

HDFC Sky has a transparent low-cost brokerage structure with trading in all segments is priced at Rs 20 flat brokerage fee.

Equity intraday, delivery, equity futures, commodity futures, and currency futures segment are charged at a lower of Rs 20 or 0.01% fee while trading in options are charged at flat Rs 20/order.

Thus, the maximum brokerage you end up paying is Rs 20 per order in any segment. The charges looks highly competitive with brokerage charged by top discount brokers like Zerodha, 5paisa, Upstox, etc.

Investment in mutual funds is free at zero brokerage.

HDFC Sky Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 240 PA (Free for 1st year)

HDFC Sky Brokerage Plan with closest competitors

Here we are comparing HDFC Sky with its 5 close competitors, who are currently market leader in brokerage industry.

Broker HDFC Sky 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 20
Account Type 3 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.1% or Rs 20 whichever is lower Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA

Other Charges

  • Call & Trade Charges: Rs 20 per call
  • RMS Auto Square Off Charges: 0.1% or Rs 20 whichever is lower
  • Hidden Charges: No

For complete brokerage charges and trading plans detail please visit HDFC Sky Brokerage Charges.

Please refer unique and accurate HDFC Sky Brokerage Calculator

Type of Account offered by HDFC Sky

Any Indian resident can open a demat and trading account digitally with HDFC Sky. However, it does not offer NRI trading thus, NRIs cannot trade with HDFC Sky. Here’s presenting a quick review of HDFC Sky 2-in-1 account (Trading + demat) account;

HDFC Sky Trading Account

    A trading account is opened to allow customers to place and execute buy and sell orders in the desired segment. The HDFC Sky trading account allows you to trade in equity intraday, delivery, equity F&O, currencies, commodities, IPOs, and mutual fund schemes (MF).

    You can invest in 3,500+ stocks and 100+ ETFs. HDFC Sky platform also offers global investment to invest in US based stocks and ETFs.

    All you need to do to start trading with HDFC Sky is transfer funds to your trading account, add the scrip to the watchlist, and place buy/sell order.

    You can add money to your trading account through UPI or net banking. Fund transfer processed through UPI gateway is free.

    You no need to maintain minimum balance in your HDFC Sky account for trading and investing.

HDFC Sky Demat Account

    HDFC Sky is a DP with both CDSL and NSDL to allow customers to open a demat account with the broker. All securities you have invested in like shares/stocks, IPO, mutual funds, are safely stored or credited to the HDFC Sky Demat account.

    You can check all your investment or holdings in the Demat account. The demat account provides digital safety and security to your investment.

HDFC Sky Mutual Fund Account

    If you have opened a trading and demat account with HDFC Sky, you will get direct access to mutual fund investment.

    The broker allows no brokerage or commission-free mutual fund investment in over 2000 schemes from top 29 asset management companies at no hassle. You can invest via automate your SIP investment or invest lumpsum money in one go.

    HDFC Sky app also allows you to compare upto 5 mutual funds schemes, get expert recommendations and suggestions for the best mutual funds, and track external mutual funds.

How to open HDFC Sky Account online?

Open an instant account in HDFC Sky in a paperless manner and that too for free. Here are the steps involved in HDFC Sky Demat account opening process;

  1. Visit to the HDFC Sky website.
  2. Enter email address and verify it with OTP.
  3. Provide your mobile number linked with aadhaar card and complete OTP verification.
  4. KYC verification: Enter your PAN card number and date of birth, and proceed with it.
  5. Next, upload documents to verify your identity and address proof.
  6. Enter you aadhar number to upload documents using Digilocker or choose to upload documents manually.
  7. Take a selfie and upload to complete IPV (In-person verification).
  8. Provide your personal details like your name, gender, occupation, annual income, etc.
  9. Bank verification: Link your bank account by adding bank account, IFSC code, bank account number, etc.
  10. Add your trading experience (years), select the exchanges/segment (BSE and NSE), and select derivatives too to trade in equity, commodity, and currency F&O segment.
  11. To trade in derivatives, you also have to upload an income proof like salary slip, past 6 months bank statement, and latest ITR.
  12. Upload signature on a plain white paper.
  13. Now, E-sign the KRA and HDFC Sky Account Opening Form using aadhar OTP.
  14. That’s done! Your account set up process is completed, once it gets activated, you will receive a mail fr with your HDFC SKY account user ID and password details.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to HDFC Sky

 Demat Account
 Demat Account
 Demat Account
 Demat Account

HDFC Sky Mobile App and Trading Platforms

Trading Platforms Rated 4.5/5

Trade or invest with HDFC Sky using all-in-one HDFC Sky mobile trading app or website. Both the platforms are offered for free to use but the broker does not have an installable desktop trading terminal. Take a quick glance at the top-features offered by HDFC Sky trading platforms.

HDFC Sky App

    HDFC Sky has an all-new feature loaded HDFC Sky mobile app to provide ultimate investing experience. Trade at your fingertips in Indian stocks, F&O, commodities, currencies, mutual funds, and US stocks using HDFC Sky app.

    Crystal clear interface with ease to use functionality, extensive fundamental and technical research, option chain, real-time market statistics, news & events, etc. are the features available on the HDFC Sky discount broking app.

    A trader can also place advance complex orders like bracket order (BO), cover order (CO), One cancel others (OCO), and basket orders using Kart feature.

    Download HDFC Sky app on Android and iOS smartphones and start trading at just a click.

HDFC Sky Web

    Log in to the HDFC Sky web platform using your client ID and password. The browser-compatible web platform is compatible to use on any browser like Chrome, Firefox, Safari, etc.

    To trade using HDFC Sky website, you no need to download any software or application on your system.

For detail review of mobile app and download please visit HDFC Sky Trading Platform Review.

HDFC Sky Trading Pros

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

HDFC Sky Trading Cons

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

HDFC Sky Customer Care info

Get online support from HDFC Sky by calling at the support desk or simply write an email to the customer care email address. HDFC Sky customer care representatives are available from Monday to Saturday, 9:00 AM – 5:00 PM.

You can also get an answer to your query on HDFC Sky Support center where many FAQs are available to answer common customer queries.

Final thought about HDFC Sky

Rated 4/5 by 97 users

On conclusive thoughts, HDFC Sky stands as a competitive discount brokerage house with Rs 20 maximum pricing model that is in line with Zerodha, Groww, Upstox, etc. Whether you are an equity trader, F&O trader, or commodity trader, you can choose to trade or invest on BSE, NSE, and MCX with HDFC Sky at a maximum Rs 20 brokerage. Also, you can invest in US companies stocks to diversify your investment.

In addition, thematic investing, free access to research reports, top-rated mutual fund schemes, etc. are the value-added features offered by HDFC Sky. You can trade using HDFC Sky app or trading website at your convenience.

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Last updated on: 2023-11-09


Yes, HDFC Sky is a SEBI registered discount stock broker. Also, it is a BSE, NSE, and MCX registered trading member and a depository participant with CDSL and NSDL.

The broker offers multiple investment options in equity, equity derivatives, commodities, currencies, and mutual funds.


Yes, HDFC Sky app is a safe and secure mobile trading app as all private and confidential customer data are protected by 256 AES encryption standard.

In addition, the app provides fingerprint authentication-based biometric login access to users to prevent any unauthorized access.


Yes, HDFC Sky app is not just a next-gen mobile trading app but also has intuitive UI/UX design to make the platform easy to use for everyone.

Whether you are a beginner or expert, you can trade or invest in stocks, equity F&O, currencies, and commodities using the HDFC Sky app.

New-age traders or investors can also use daily trading tips or buy/sell recommendations, technical and fundamental research reports from HDFC Securities to invest in the right stock.

As a beginner, you can also start your stock market investment journey with mutual fund investment. HDFC Sky mobile app allows you to invest in over 2,000 mutual fund schemes from 29+ fund houses. You can invest via SIP route or put money as lump sum.


Follow these steps to trade or invest in stocks with HDFC Sky app;

  1. Log in to the HDFC Sky trading app.
  2. Add the scrip to your watchlist.
  3. Tap on Buy and Sell option to place the relevant order.
  4. Enter details in the order window like price, quantity, etc.
  5. Submit the order.
  6. Once your order gets matched, it will be executed, you can see it under the positions tab.


HDFC Sky is integrated to its backoffice where you can check complete portfolio details of investment held in equity stocks, mutual funds, and US stocks. Also, you will get multiple reports like client ledger, margin statement, etc.

  1. Log in to the app.
  2. In the top left corner, click on 3 bar lines.
  3. Scroll the screen and click on backoffice.

The page will redirect you to the HDFC Sky Backoffice portal


HDFC Sky app users will get multiple stock data including both fundamental and technical details.

The app provides company market cap, PE ratio, PB ratio, PEG ratio, dividend yield, earning yield, etc. It also provides fundamental history like last 5 years revenues, P&L, shareholding patterns, SWOT (Strengths, weaknesses, Opportunities, and Threats) etc.

However, the technical data includes RSI, 30 day SMA, industry PE, and data for technical analysis. It provides 5 level market depth along with open, close, low, and high stock prices. You can also check volume, daily average trade price, and 52 week low and high prices.


There are two ways to transfer your demat account holdings from HDFC Securities to HDFC Sky account via submitting physical Demat closure cum transfer form. Once submitted, your demat account with HDFC securities will closed and securities or investment will be transferred or credited to your HDFC Sky Demat account.


Basket order is a special order used to place multiple orders or buy or sell a number of securities at just a click. Instead of placing multiple orders, basket order provides the facility to place and execute multiple orders in one go.

Steps to place basket order on HDFC Sky app;

  1. Log in to the HDFC Sky mobile app.
  2. Under the orders tab, select basket option.
  3. Tap on create a new basket.
  4. Using the search bar, add desired stocks in the basket.
  5. Use order window, and enter details like quantity of shares, order type, validity, etc.
  6. Once added, on the top you will see the margin required to place basket order.
  7. Click on execute basket to place the order on exchange.


HDFC Sky discount broker allows clients to place a GTT order on app or web.

Good till triggered, as its name, the order gets placed on exchange when the stock reaches the target price. The best part of the GTT order is it does not require to track market every minute.

At HDFC Sky, you can place a GTT buy order and GTT sell order in the delivery segment. And, the GTT order remains valid for a year.

Steps to place GTT order in HDFC Sky;

  1. Log in to HDFC Sky trading account.
  2. Add the scrip to the watchlist.
  3. Hover the cursor on buy or sell option.
  4. To place a GTT buy order, tap on Buy or to place a GTT sell order, click on Sell option.
  5. Now, enter a target price and a buy or sell price, as the case may be.
  6. Once the stock reaches the trigger price, your GTT buy or GTT sell order will be placed on exchange.
  7. When order gets matched, GTT order will be executed.


Yes, HDFC Sky offers bracket order (BO) facility in app and website.

Bracket order is an advanced intraday order to place a buy or sell order along with a target and stop-loss order all together. Intraday traders with a clear entry point with a set price target and stop loss price in mind should place a bracket order to place all orders in one single order.

Steps to place a bracket order in HDFC Sky app;

  1. Log in to HDFC Sky account.
  2. Add the scrip to the market watchlist.
  3. Tap on Buy/sell option.
  4. An order window will be displayed on the screen.
  5. Select intraday order and product type as “Bracket order”.
  6. Enter price at which you want to execute intraday buy or sell order.
  7. And also enter your target price and a stop-loss trigger price. You can put it as a % or in prices.
  8. Based on stock price movement, target or stop-loss order will hit.


Yes, you can invest in ETFs with HDFC Sky the same way as you invest in stocks.

ETFs (Exchange traded funds) are the equity instruments that invest in same basket of companies of an index, therefore also known as Index funds.

ETF Intraday and ETF delivery trades with HDFC sky are charged at a brokerage of lower of Rs 20 or 0.01%.


Yes, HDFC Sky is a discount broker in India. The fintech platform allows you to trade or invest in equity intraday, delivery, equity derivatives, currency F&O, and commodity F&O.

Customers can also apply for IPOs, invest in mutual funds, and shares of US companies.

Being a part of HDFC Securities, HDFC Sky also provides access to stocks fundamental and technical research and experts investment recommendations to invest in mutual funds.


HDFC Securities launched HDFC Sky to provide the discount broking platform to all traders and investors to trade at Rs 20 price slab. The brokerage charged is similar to that of other platforms like Zerodha, Groww, etc.

However, HDFC Securities is a full-service stockbroker in India. Unlike HDFC Sec which allow only HDFC bank based customers to open a trading and demat accounts. However, HDFC Sky is open to all whether you have a bank account with HDFC or any other bank in India.

Access to HDFC Securities in-house research to all HDFC Sky customers is the USP that makes the platform unique from other top discount brokers like Groww, Zerodha, 5paisa.

Further, MTF at just 12% whereas other competitors are offering margin trading funding at 18% to 21%.


Yes, HDFC Sky app is free for all HDFC sky customers. And, there are no charges to use the mobile trading platform.

Traders and investors can use the HDFC Sky app to invest in equities, mutual funds, and US stocks, and trade in intraday and derivatives segment at Rs 20 flat brokerage.


Available margin is the fund balance in your HDFC Sky trading account. It is the maximum funds available to use to place buy and sell orders on a particular trading day.


HDFC Sky through partnership with Stockal provides access to US stock market.

Invest in overseas companies at just your fingertips using HDFC Sky app. You can invest in top blue-chip US companies like Netflix, Amazon, Apple, Tesla, Starbucks, Facebook, Nike, Mcdonald, etc.

All you have to do is open a global investment account with HDFC Sky, search for any US stock, and place buy/sell order.

The fractional investing allows investors to purchase and sell even less than a share. The app also provides a basket of stocks and ETFs crafted by professional managers or experts to help you select the right stock for investment.


HDFC Sky User Reviews

26. Mahesh Jul 11 2023 06:48:40 AM Reply
Very high brokerage.
False commitment to lure new accounts, later refuses.
Their Customer Service representatives are nothing but marketing agents, who continuously hunts for more trades but provide less support.


Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Above Average
Overall Experience - Below Average
25. Vinod Oct 16 2022 04:26:55 AM Reply
Terrible response
Very poor employee competence
False promises
No commitment from the top bosses
Overall total washout
Spoiling group image
No wonder dismal performance from quarter to quarter


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
24. ASHOK KUMAR GUPTA Oct 13 2022 12:03:53 PM Reply
23. NIKHIL GALA May 19 2022 04:38:04 AM Reply


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
22. ARUL PA Sep 24 2021 01:05:19 AM Reply
high broerage, zero support


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
21. Namit Sinha Aug 16 2021 04:24:25 AM Reply
The amount of brokerage is too high and the platform is very poor compared to its competitors. And here and there you will have issues where the amount is not credited back to account even after many days and you have to call them to get it back.


Brokerage - Very Poor
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
20. Multan Singh Sep 04 2020 02:52:43 AM Reply
I dislike its services, hidden charges, no response on query, approximately 33% they grab from client which is very huge


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
19. chandrakant g patel Feb 22 2020 07:10:07 AM Reply
brokerage charges


Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Average
18. ram Feb 20 2020 03:32:44 AM Reply


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
17. punith Aug 16 2019 11:26:54 AM Reply
opaque system
poor tools
very high brokerage


Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Average
Overall Experience - Below Average