HDFC Securities

The worst and most expensive trading platform in existance till date.

Very very high brokerage rates with extremely limited access to trades.

Absolutely lousy, stay far way from it. There are better and cheaper trading platforms out there.

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Seems like a fraud company with non existent customer service. The customer service people are least interested in serving you. They promise to do something but never deliver. I was told I needed to fill an RBI form for reporting and selling split stock and never sent me the form.

In charging fees and brokerage, they are number one.

Bloody corrupt bunch of people. Senior management is sleeping and rotten to the core.

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Two days ago I wrote a review about HDFC insurance stating it is a complete fraud. Today it is HDFC Securities. It is another bigger fraud. Probably all wings of HDFC are rotten and require reincarnation.

There is some gentleman Sachinder Mohan Goel - my first name is Surinder. He is holding a Demat account with HDFC securities. I do not know what is his email address but HDFC securities send his mails to me at'smgoel@hotmail.com'. I have been forwarding his mails back to HDFC Securities every time with the request to forward it to right owner. But these people are so callous that they do not correct their records and still the same. Recent mail from them meant for Sachinder and sent to me is reproduced below:-

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HDFCsecurities@hdfcsec.com

Thu 11/26/2020 8:22 PM

Place a trade

HDFC securities.

Dear Sachendra Mohan Goel,

This refers to your trading account 656970 in the name of Sachendra Mohan Goel with HDFC securities

Please refer to Exchange circulars NSE/INSP/43488 and 20200210-47 dated February 10, 2020 issued by NSE and BSE respectively on the Treatment of Inactive Trading Accounts. You have not traded with us in the last 12 months on any of the Exchange segments you have registered for. Accordingly, these circulars compel us to mark your account as inactive, effective 1 Dec 2020. Once this happens, you will have to do a re-KYC process with us before you are able to transact again.

But wait, there's a simple way out. A single transaction by you in even ONE of the following market segments will suffice to keep your account active. Note that Friday 27 Nov is the last trading day for you to transact and keep your account active with us. Even a small trade will suffice.

Here are some convenient choices to keep your account active.

Click here to check out ETFs. They are the most cost efficient and naturally diversified mutual funds.

Better still, [smlc.se/hsl-platinum-etf]Click here to invest in the Platinum ETF Basket that enables you to buy three ETFs at one go(Nifty, Bank Nifty and Nifty Next 50)!

Buy(or sell) an individual stock in the Cash Equity segment(intra day or delivery). For our top ten Samvat 2077 picks, Click here

Click here to buy a Mutual Fund of your choice on our platform.

Login to your account at https://hdfcsec.com/ or call your Relationship Manager and place a trade!

Forgot Password? Click here to reset

Need help generating a new username? Click here

Happy investing!

Warm regards,

HDFC securities

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Here it may be mentioned that I do not hold any demat account with HDFC . How my email address has entered into their mails is only known to HDFC. But the actual demat account holder is suffering due to the irresponsible conduct of the HDFC securities. May god save Mr Sachinder and other account holders with HDFC.

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I bought 2679 SBI bank shares of Rupees 204 through E margin in Hdfc securities and another day I sold all shares of rupees 219.60, HDFC Securities charged around 8000 rupees. They charge very much brokerage charge.

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I had trading and demat account with hdfc securities. They will charge more brokerage, and most importantly there trading app is not user friendly you cannot buy or sell in important times and after fed-up of this I wanted to close this account inspite of so many mails they did not turn back over all bad experience with hdfc securities so please who ever wants to open account in hdfc securities be careful

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I opened a demat and trading account in May 2020, I need to submit POA and I did it for 5 times, for the last time I have sent them all sets of my signatures to eliminate the signature mismatch. Yet the result in August 2020, rejected. I'm fed up with their replies, I'm done with their explanations. I already lost alot without selling because of Hdfc Securities. Never believing them again. I don't have zero star here. It deserves minus

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I have been operating 3 in 1 account with hdfc Securities and I find that they are not helpful and intrest from Sovereign gold bonds arenot credited and they do not respond. Dividend from companies and sale proceeds of share sold are not credited even after 8 days and unless you you maintain parallel accounts they will cheat you.

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I lost 12 lacs in 3 months by following(Ravindra Gaikwad Pune) HDFC security Broker who did all false commitment about the E-Margins and no interest and no short-falls etc etc. I guess this is way to bring innocent investor into grabe and become a chance for them to play with your money. I will nver recommend any one to HDFC Sec. Lots of genuine and trust worthy firm are in Market.

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Hi,

It's so pathetic to be a part of company.

I never suggest anyone to be customer of hdfc.

They just fool you firstly and they will not provide full information to you and once you will come in their words and block your money they will not provide any support to you and just waste your time by saying they will resolve your problem in 2 days and nothing will happen and if you provide cooperation with them even then they will become so cool that their is no problem with you. Situation will remain same days, weeks and months will go on wasted.

They don't provide any kind of support.

The worst customer service provider I had ever seen.

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Intraday function in not working on app. When I called to customer care they said intraday function is bann from hdfc I asked why they don't have answer. According to my opinion they banned because of low commission in intraday. Because they charge high commission income on delivery cash.

And same share is working on intraday on axis direct.

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HDFC giving 3rd class service.. I am waiting from last 1 month to trading still it's not working bcz of POA .. still HDFC sec not uploaded my POA that's why I am facing so much pro .. 3red class service

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Since yesterday app is not working, unable to logon to the trading app, .there is no intimation from Hdfc on the same. Pathetic way and not acceptable on trading stuff as money is involved, today morning also it's the same.

Charge is also high on brokerage front.

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I opened my demat account on 27th Nov 19 after more than 2 months of my submission of application. Today i.e. 2nd Dec 19 I have requested them to close my account. The reasons: their staff is very arrogant and uncooperative. I live in Delhi and my account was mapped in Mumbai. Repeated calls to my RM always left only one answer:'will call back". Repeated requests to map my account in Delhi was declined. Immediately deducted account opening charges from my account without authorization.

Big clientele base has made them non-flexible, arrogant, costly and non caring with poor services.

I advice all aspirants to look for Kotak Securities, Zerodha, Samco(with fantastic investment ideas) with least cost expenses.

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I am an HDFC sec customer for last 10 years though charages were high. I hate it but still avoid to move to other demat account but, soon migrate my Demat account to somewhere else due to:

1. high charges

   
   




2. poos app : portfolio not available

   
   




3. poor portal: Can't move right issues to portfolio and hence portfolio is not correctly reflecting since last 6 months.

   
   

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HDFC securities are very bad in advising with regards to stocks. An employee Gokul, who was once working with this company advised me to invest in stocks that were not good performers. As I was a beginner, I believed him and invested. I discovered that he left the company later. He is the worst advisor.

Lesson learned, don't go as per advices of these kinds of brokers. Go through the company details and then invest, as ultimately, you are the one who would loose your hard earned money. These people won't care.

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1. Too very highy brokerage. 2. Recommended stock shares 90% will not work. 3. No response from bank. 4. HDFC mainly focus how they will deduct our money. 5. It's very difficult to earn investers because of high brokerages.

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Aek dum bakwas, starting me free brokerage diya 5 lakhs limit tak, uske baad brokerage charge very very high, abhi aap koi 1000 rs se niche k share purchase karte ho cash me to uske aapko 2.5 %brokerage charges lagega. Ex: 727.40 actual price me aapne stock buy kiya to uske upar brokerages 18.19 lagega, matlab uski price 742.59 ho gai + uske upar gst charge 3.28 yani Aapka 727.40 ka stock aapko 748.87 mein padega,

727.40 + 18.19 + 3.28 =748.87 - ye buy kiaya or sell karne par aapko aise hi brokerage liya jata hai, yani aap kuchh earn na karoge nahi....

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Strongly feel that there are fraud happening with public money!

In 2017 when Nifty was 9800 then HDFC Prudence Fund NAV was 31.95

In 2019 when Nifty is 11200 then the same fund which is switched to HDFC Balance advantage Fund, NAV is 27.30!

How is this possible unless there is some fraud!

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FOR LAST 6 MONTHS, I'M STRUGGLING TO GET BASIC SERVICE FROM HDFC SECURITIES, BUT THEY FAIL EVERY TIME. BEST TO AVOID SUCH DPs. Calls are NEVER answered and RM from HDFC SECURITIES, BTM LAYOUT REFUSES TO TAKE CALLS. PEOPLE ARE BEST ADVISED TO AVOID SUCH CHEATING DPs WITH INCOMPETENT TOP MANAGEMENT.

HDFC BRANCH ALSO REFUSES TO HELP OUT.

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HDFC SEC is one of the worst platform for trading. it does not hive any clear picture of how much broke or taxes they have deducted. they have one of the lost complex Trading site and the brokerage must be the highest.. every brokerage and the taxes are more then your profit. never go with this trading account

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