HDFC Sky Review

HDFC Sky Review

HDFC Sky is a discount brokerage platform launched by HDFC Securities. The platform was introduced to provide traders and investors with an affordable way to trade and invest in the stock market. HDFC Sky is different from HDFC securities.  While HDFC Securities is a full-service stockbroker, HDFC Sky focuses on discount broking. HDFC Sky offers competitive brokerage rates similar to popular platforms like Zerodha and Groww. You can open an HDFC Sky Demat account easily with a simple and free account opening process.

Features of HDFC Sky

  • Access to a diverse range of financial products, including Indian and US stocks, mutual funds, futures, options, currencies, commodities, and exchange-traded funds (ETFs).
  • Free and simple account opening process.
  • Lets you invest in US stock with fractional shares.
  • Feature to create a basket of stocks and other financial instruments and allow you to place orders for all the assets in the basket simultaneously.
  • Offers a user-friendly interface.
  • Provides a customizable dashboard for market news, portfolio performance, and other information.
  • Employs security features to protect user data and other financial information.

Account Opening Charges

Account opening charges Free
AMC (Annual maintenance charges) Rs 300 per year (No AMC for the first year)

How to open an HDFC Sky Demat account?

To open an HDFC Sky Demat account you have to follow these simple steps:

  1. First, visit the official website of HDFC Sky.
  2. Navigate to the signup tab and click on it.
  3. Enter your email address and a referral code if you have any.
  4. Fill out the online application form as per the instructions.
  5. Now upload scanned copies of your PAN card, Aadhar card, and other documents.
  6. Once you successfully submit all the necessary details and documents, your application will be reviewed.
  7. You will get notified regarding the activation of your account within a few days.
  8. Once your account gets activated, you will receive your account credentials and you can start trading.

HDFC Sky Brokerage Charges

Charges  Equity delivery Equity intraday Equity F&O Currency Commodity
Brokerage charges Rs.20/ order or 0.01% (whichever is lower) Rs.20/ order or 0.01% (whichever is lower) Futures: Rs.20/ order or 0.01% (whichever is lower)

Options: Rs.20 per Order
Futures: Rs.20/ order or 0.01% (whichever is lower)

Options: Rs.20 per Order

Futures: Rs.20/ order or 0.01% (whichever is lower)

Options: Rs.20 per Order

STT 0.1% on buy & sell 0.025% on sell Futures: 0.0125% on sell

Options: 0.0625% on sell (on premium)

Nil Futures: 0.01% on sell (Non-Agri)

Options: 0.05% on sell

Stamp duty 0.015% on buy 0.003% on buy Future: 0.002% on buy

Options: 0.003% on buy

0.0001% on buy Future: 0.002% on buy

Options: 0.003% on buy

Transaction charges 0.00350% (NSE) & 0.00375% (BSE) 0.00350% (NSE) & 0.00375% (BSE) Futures: 0.0019% (NSE & BSE)


0.053% (on premium)

Future: 0.0009% (NSE) & 0.00022% (BSE)

Options: 0.035% (NSE) & 0.001% (BSE)

Futures: 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Options: 0.05% (Non Agri)

SEBI turnover charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Call and trade charges Rs.20 per Call Rs.20 per Call Rs.20 per Call Rs.20 per Call Rs.20 per Call

Pros and Cons of HDFC Sky


  • Free and instant paperless account opening
  • Investments in domestic as well as foreign stocks
  • The lowest brokerage charge of Rs 20 for each order
  • Advanced trading platforms including mobile apps and web trading platform
  • Also offers a free subscription plan


  • Does not offer algo trading and a platform for digital gold investment
  • No free delivery trading
  • Does not offer a desktop trading software

HDFC Sky trading platforms include:

  1. HDFC Sky mobile app:

HDFC Sky mobile app offers an intuitive user interface with numerous features. This app allows you to trade in Indian stocks, F&O, commodities, currencies, mutual funds, and US stocks. It also provides tools and sources for technical and fundamental research. Additionally, it provides option chains, real-time market statistics, news, and events. Advanced trading orders such as bracket order (BO), cover order (CO), one cancel others (OCO), and basket orders can be effortlessly placed using the Kart feature.

  1. HDFC Sky web:

Access the HDFC Sky web platform by logging in with your client ID and password. The browser-compatible web platform ensures compatibility with browsers like Chrome, Firefox, Safari, etc. You don’t have to download any software or application on your system for trading through the HDFC Sky website.

HDFC SKY Customer Care

For online support, you can reach out to HDFC Sky by calling the support desk or sending an email to the customer care address. HDFC Sky customer care is available Monday to Saturday, from 9:00 AM to 5:00 PM.

The details for contacting HDFC customer support are as follows:

Customer care phone number: 1800 121 2109

Customer Support Email: [email protected]

Knowledge Center:


FAQs on HDFC Sky Review

Q1. What is HDFC Sky?

Ans- HDFC Sky is a comprehensive online trading platform offered by HDFC Securities, providing access to various financial products such as equities, derivatives, currencies, commodities, mutual funds, and IPOs.

Q2. How do I access HDFC Sky?

Ans- You can access HDFC Sky by logging into your HDFC Securities account through their official website or mobile app.

Q3. Is HDFC SKY a discount broker?

Ans- HDFC Sky is a modern discount broker that provides nearly all the trading platforms that investors require for easy trading and investment. Take a look at our detailed HDFC Sky review.

Q4. How can I open a trading account with HDFC Sky?

Ans- You can open a trading account with HDFC Sky by visiting their website or contacting customer service. They will guide you through the account opening process and provide you with the required forms and documents.

Q5. What documents are required to open a trading account with HDFC Sky?

Ans- Generally, you’ll need identity proof, address proof, PAN card, passport-size photographs, and bank account details.

Q6. What are the brokerage charges for trading with HDFC Sky?

Ans- HDFC Securities charges brokerage fees based on the volume and type of trades executed. The brokerage rates may vary depending on the segment and trading frequency.

Q7. Does HDFC Sky offer both online and offline trading services?

Ans- Yes, HDFC Sky provides both online trading platforms and offline trading services through its branches or authorized agents.

Q8. Can I invest in IPOs (Initial Public Offerings) through an HDFC Sky Demat account?

Ans- Yes, HDFC Sky facilitates investments in IPOs, allowing clients to apply for shares during the IPO subscription period.

Q9. Can I invest in mutual funds through HDFC Sky?

Ans- Yes, HDFC Sky offers a platform for investing in mutual funds, providing access to a wide range of mutual fund schemes from various fund houses, along with research and analysis tools to aid in the investment decision-making process.

Q10. Does HDFC Sky offer margin trading facilities to its clients?

Ans- Yes, HDFC Sky may offer margin trading facilities, allowing clients to trade with borrowed funds, subject to certain conditions and margin requirements.

Q11. Can I trade in US Stocks through HDFC Sky?

Ans- Yes, You can trade in US stocks with HDFC Sky. There are two distinct ways of investing in the US stock market from India: Direct investment in stocks. Indirect investment in stocks via mutual funds or ETFs.

Q12. Is HDFC Sky platform SEBI registered?

Ans- Yes, the platform is SEBI registered and it is also a registered member of the stock exchanges including BSE, NSE, and MCX.

Q13. Does HDFC Sky offer research and analysis tools?

Ans- Yes, HDFC Sky provides access to comprehensive research and analysis tools, including market insights, stock recommendations, technical and fundamental analysis reports, and expert opinions to assist investors in making informed decisions.


by Instockbroker Team | March 22, 2024

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