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Home > Personal Finance > Capital Market Equity and Mutual Funds > HDFC Securities
HDFC Securities
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NOT CUSTOMER FRIENDLY. YOU HAVE TO VISIT THE OFFICE NUMBER OF TIME, THEY REVIEW AND COME OUT WITH NEW ISSUES REPEATEDLY. LACK OF COORDINATION WITH IN DEPARTMENT, CUSTOMER HELP DESK SERVICE IN POOR STATE, UNABLE TO UNDERSTAND PROBLEM FULLY IN RESPONSE, YOU HAVE TO EXPLAIN AGAIN AND AGAIN EVERY TIME WHEN NEW HELP DESK PERSON COMES ON LINE .
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Very expensive.the charges are very high when compared to other sites. They give wrong suggestions.we cant buy and sell share in limit quantity as the profits are paid as charges. We customer care people dont care our feelings.very disgusting.should open
Very worst service. No one support properly. Live demo not given before started demat account my personal banker said we will arrange live demo but no one give live demo. And all time personal banker no was busy. Some one came and collected documents for demat account
YOUR RATING ON
Fraud securities cheapest trading platform brokrage per share 25 rupess each side for just a 2100 rupess no words angel broking is best for trading platform.
I dont know why they even exist. No up to date charts and very costly. Worst broker in India. They even do not have streaming candlestick charts. I want to puke whenever HDFC securities comes to my mind. Better stop trading instead of trading in hdfc securities. Zerodha aur upstox ke naakhoon ke barabar bhi nahi hai hdfcsec
HDFC Securities is a part of the HDFC bank which deals with demat and trading a/c.
Just to open the demat+ trading a/c they charged me Rs1178 whereas on thier circular they showed me Rs999 will be charged, they did not mention anything about it being exclusive of tax. I came to know it after it got deducted from a/c. The other financial companies that open demat a/c do not charge even a penny, like Sharekhan. Plus apart from the opening charge there is an annual charge of Rs750 + tax.
After charging all this Hdfc provides no service, not even proper customer service of how to operate the demat a/c. The people at the branch are so rude. They do not even clarify my queries nor do they respond properly. They not only lied for charges but also for service that they were supposed to provide.
Worse experience with hdfc securities.
No proper customer service and no help from thier side. It was a mistake opening an a/c from hdfc. Sharekhan or edelwise or motilal oswal is far much better financial institution and service provider than Hdfc.
I was having HDFc securities as my broker and they charged me 20K extra, there is no desk where u can go and get your queries addressed, they say write mail to my customer care and its more than 1 month and thye are yet to clear it. pathetic cheater company
Hdfc securities is very bad trading company I am sharing my worst experience with hdfc secutities I have trading account in jayanagr hdfc securities staff respose is very worst its not good place to invest our money hadfc people changing for everything and trading also not good the hdfc security staff peoples are dont have proptness I purchased the infosys share points the trading value is high I check the sharing details I called to hdfc security person he is telling different value of the share its worst very thing we are believe the person and investing our money but staff peoples are cheating the customer while investing money in trading be carefull about fraud people.
Hello everyone, Today I am going to describe my horrible experience with hdfc securities. In the year 2009 I went to Hdfc bank in Hazratganj branch Lucknow and asked them to help in investing my money. The bank official directed me to the desk of HDFC securities and I didn't know much about securities and bonds, however they told me about there securities and bonds, bank official said that it was a one time investment and they signed some document and give me the paper's of my bond and I had purchased 10 policies in my name , each policy is of Rs 49000 so I gave a total amount of 5 lakhs to them . Then after one year bank official are saying that these policies are not one time investment, I have to pay for 8 years minimum continuously . I was in shock that the bank official cheated me and fraudent me at the time of purchasing the policies and I didn't pay any money after that and now they are saying that all of my money and policies are forfieted . Then I called there customer care and bank official's many times but they are not helping me in anyway and talking to me very rudely and unprofessional and I lost all of my money in this policies but I wiil raise my complaint legally soon . They manipulated me by telling fake terms and conditions and now I am feeling very useless and disappointing .
I have faced problems with HDFC securities from the day 1 . the account was opened and amount was deducted with out my knowledge and to get the refund I had to wait for 2 months with daily follow ups.
This morning I called customer service number to add a different demat account linked in net banking for purchasing IPO's initially started with the default CC and was given 08039019400 then 02239019400 then 08066633128 then 66633131 ultimately no one was able to prove me the information . My suggestion please donot go for this .
Being a web buying and selling website online, we will thoroughly keep away from those cheques and promoting guidance booklets. but the site by no means indicates actual time records. Its constantly 2-3 minutes behind the markets. They allow margin buying and selling only on 75 bizarre shares. So flexibility left to us is subsequent to nill. And the amusing component - U were given to rectangular off ur positions by way of 2.10 pm. a laugh isn’t it? If we do not, they’ll rectangular it off fortuitously and losses are always ours. So unless u are an investor with a time crunch, do not pass for it. Strict NO-NO for trading people. the boundaries /stop loss is a must even as putting the order. so before even u realize, ur inventory stop-loss could have accomplished. On price range days, excessive quantity days, the web page is almost down. Brokerage is zero.85% . the best brokerage in India. Small time buyers for on-line buying and selling can try out Kotak or five.Paisa. Dont move for ICICI - examine from others’ errors.
Inspite of spending high charges None of the suggestion provided by HDFC securities works at all.
They usually give a target price with timeline for equities and once that time expires either they will remove from recommendation or they will update it as target achieved . any update.
In short recommendation and research provided by HDFC securities is not up to the mark . I think the level of recommendation by HDFC securities is same as the level one can find by searching and browsing online.
Suggestion: better to have some other broker instead of this one.
I have a trading account with HDFC Securities. The support department is not loyal and supportive at all. They are charging rs 590 annually for the SMS alert service. I got a call for renewal of this service. I told them that I am not using this account, so don't want to renew this service. But the lady on the phone convinced me that, these service is applied for my saving account as well. When I confirmed with the bank customer care, they said only 60 rs and GST will be charged annually.
I logged a complaint for the refund of 590 with the customer support. They are providing false information.
They are misrepresentator and their work is only misrepresented us and we also dumb because we attract to their cheat words and come close to close our life destroy. My uncle are a part of mutual funds with them and they believe my uncle that this is bestest than ever and you put your money as on your wish with respect to mutual funds. My uncle signed and he signed his poverty letter. They make people foolish and take their money to attract them and their securities also fake because they don't follow mutual funds rule and regulations.
Ofcourse now a days all are prefering for bank jos and they are celebrating if it comes but it is not that much easier and that to in securities hey will show us a real life hell.i have got selected nin this securities then before joining in that job I have enquired about the work nature and the atmospere .then I came to know that they will keep us targets and then if we dont reach the targets then they will fire us.
HDFC Securities has too much brokerage. its amc(annual maintanence charges) is also too high. if you are a intraday trader then you have to pay nearly 2.5% daily if you are trading with nearly 10 trades in a day, which is very high. for positional trader(means short term or mid term or long term) then you have to pay nearly 2.5%. and this brokerage would also apply in case of loss incurred by you.
HDFC SECURITIES IS PART OF HDFC GROUP
I AM USING HDFC SECURITY SERVICE FROM LAST 2 YEARS
MY OVERALL EXPERIENCE IS GOOD AND SATISFACTORY
FEATURES: A MOST FEATURES IS COMMON AS OTHER BROKERS
CHARGES: CHARGES IS SMALL HIGH THEN OTHER BROKERS
LIMIT: LESS LIMIT PROVIDED THEN OTHER BROKERS. HDFC SECURITIES IS PROVIDING 3 TIME LIMIT AND OTHER BROKERS PROVIDING 7 TO 10 TIME LIMIT
CUSTOMER SERVICE: HDFC GROUP IS ALWAYS ON TOP IN CUSTOMER SERVICE NO ONE CAN BEEN THEM
I am a full time trader, investor and also a research Anasultanlyst. I simply told do not go with HDFC securities. real scenario: I buy 1000 reliance share with e margin. price was 1415 my target was 13-18 point. and it was BTST(buy today sell tomorrow). I am not aware there charges. and I aishwaryasingh23 around 6 lac. I told my relationship mAnasultanger to place the order after placing the order he informed me my break even point(means no loss no profit) is 1438- 1439 approx(including brokerage and taxes). I was socked. its really tough. with e margin I have to sell with in 5 days. I was very lucky. because next day the stock price hit high which was 1447. and I square off my position at 1445. I was lucky because its rare. everyday you can not expect this volatility. net profit was 30000/-. imagine I got 7000/-. . so I suggest every one do not go with HDFC securities. nothing there. believe me. then also my relationship mAnasultanger guide totally wrong way only for brokerage. and trade without strategy. he purchased 10400(260 lot) bank nifty 21700 ce option just for brokerage using my money.(still my average premium was 83 per unit). then again break even was around 93. so premium goes up to 95. but still he dint exit my position. end of expiry he make loss around 8 lac. even I worked with them live. so simply they are fraud. they just using their brand name HDFC. nothing else.if you really want to make money(like 50000 - 400000 daily basis). go with zerodha. my daily average profit is approx 4 lac to 5 lac .because my strategy working properly. simply their brokerage is so low even you can make profit easily.because I can square off my position sometimes within few second in intra day.
DMAT accounts are open for trading/ in share market, so each and every cost incurred is added to the cost . Hdfc charges around 800 Rs. as annual charges and the brokerage charged is very high they are charging .50% for delivery and .05% for intraday trading . If a trader doing derivative trading will have to pay very high charges
but on the other hand Mobile application and the website is very advanced: If you talk about website it is the easiest and advanced to operate . charts / sector divisions / research call are far ahead from other websites providing same services .
Technical and fundamental research Call provided are good but are a lot in number . I like specific and less number of calls .
It provides a full package all in one place whether it is IPO application / Insurance / Tax / Mutual fund purchase all can be done here at one place .
Conclusion: So if u wanted to use HDFC sec a/c purely for share trading, then you should NOT go for it, there are many other options available where brokerage is much less . But if u wanted to do Investment and set all your financial instrument in one place and looking for a easy way to track, then go for it has highly advanced and it is simple to use and understand
I have been using HDFC sec for 3 months I have 3-1 account, already I had saving account with HDFC, so went for Rs-1999 Demat and Trading account and the features was, for 1 year daily 6 lac transaction would be free without brokerage fee, I was happy and was doing trading, but later this month when I saw my transaction and brokerage fee on buying and selling it was huge, and I contacted to customer service they told me that it was not free for 1 year, you would allowed to do the transaction without brokerage fee unto 6 lac now you have exhausted the limit and you will be charged, I felt like I have been cheated what they say they dint do, so when I calculated their fee it was huge if you are buying share of Rs 291 it would actually cost you 292.46 means per share they will charge Rs 1.46 as brokerage fee plus on brokerage fee they will charge you the service tax which is around 14 to 15%, if you buy less than 10 Rs shares it will cost you like, if you buy Rs 4.55 share it will cost you 4.60 means .05 Rupee extra, if you sell at Rs 4.55 it would be Rs 4.50, I did transaction for 88700 thousand both buying and selling the equity they have charged me Rs 1181 as brokerage plus service tax on brokerage, also apart form these there were STT, SEBI, transaction charges etc, but brokerage fee was like hell to me, so I researched and opened up account with Zerodha after checking their fee structure found convenient for me if you trade Rs 80000 transaction total amount as brokerage plus including all other tax you have to pay around Rs 80, if you are getting profit of 4000 to 7000 on selling you are just paying 70-80 Rs to the broker, which is fair, but in HDFC sec it would be above thousand, after all you are trading for getting profit not be looted because of using a fancy HDFC sec software, my recommendation never go for it, there are hell lot of best fee convenient brokerage firms try those.
Showing: 61 - 80 Reviews on HDFC Securities
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