How HDFC Sky is different from HDFC Securities?

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%.