Indiabulls Securities Vs HDFC Sky Vs Kotak Securities: Which one is better?
Last updated August 22, 2026
This IPO News reference page covers “Indiabulls Securities Vs HDFC Sky Vs Kotak Securities: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare indiabulls securities vs hdfc sky vs kotak securities on service, account opening charges and amc, compare indiabulls securities vs hdfc sky vs kotak securities on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Service
- Account Opening Charges and AMC
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Plan Options
- Account Opening
- Share Broker's Transaction Charges
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Transaction Charges
- Account Features
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Account Features
- Trading Platform
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Trading Platform
- Broker Ratings by Users
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on User Rating
- Investment Offerings
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Investment Offerings
- Margin Trading Facility
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on MTF
- API
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on API Details
- Customer Service Offered
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Customer Service
- Tips/Research/Reports Published
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Research Reports, Tips
- Demat Account
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Indiabulls Securities vs HDFC Sky vs Kotak Securities on Special Offers and Promotion
- ✅ Pros
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- No 3-in-1 account opening services.
- No 24/7 customer support.
- Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
- High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
- Delivery trading is not free as charged with 0.25% brokerage.
- 💹 Max ₹11 per Order Brokerage on Equity, F&O, Commodities & Currency
- 💹 Flat ₹10 per Trade Brokerage on Intraday & F&O
- Last Updated on Sat, May 9, 2026
Data Tables
| Segment | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 25 + GST per month from 1st month | Rs 240 PA (Free for 1st year) | Rs 600 PA |
| Provide DP Service | Yes | Yes | Yes |
| Plan Types | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| Multiple Plans | No | No | Yes |
| Monthly Plans | Yes | No | No |
| Yearly Plans | No | No | No |
| Indiabulls Securities | HDFC Sky | Kotak Securities | |
|---|---|---|---|
| Account Opening Request | Link to open account |
| Transaction Charges Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| Equity Delivery | NSE:297 | BSE:375 Per Cr | NSE:297 | BSE:375 Per Cr | NSE:297 | BSE:375 Per Cr |
| Equity Intraday | NSE:297 | BSE:375 Per Cr | NSE:297 | BSE:375 Per Cr | NSE:297 | BSE:375 Per Cr |
| Equity Futures | NSE:173 | BSE:0 Per Cr | NSE:173 | BSE:0 Per Cr | NSE:173 | BSE:0 Per Cr |
| Equity Options | NSE:3503 | BSE:3250 Per Cr on premium | NSE:3503 | BSE:3250 Per Cr on premium | NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures | NSE:35 | BSE:45 Per Cr | NSE:35 | BSE:45 Per Cr | NSE:35 | BSE:45 Per Cr |
| Currency Options | NSE:3110 | BSE:100 Per Cr | NSE:3110 | BSE:100 Per Cr | NSE:3110 | BSE:100 Per Cr |
| Commodity | MCX: 4180| NSE: 100 Per Cr | MCX: 4180| NSE: 100 Per Cr | MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for indiabulls-securities | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for kotak-securities |
| Account Features Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| 3 in 1 Account | No | Yes | Yes |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | No | No |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | No | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | No |
| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
| NRI Trading | Yes | Yes | Yes |
| Other Features | NIL |
| Trading Platform Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Power Indiabulls Web | https://hdfcsky.com/ | https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat |
| Web Trading Demo | Web Trading Demo | Web Trading Demo | Web Trading Demo |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Indiabulls Securities App | HDFC Sky App | Kotak Neo |
| Mobile Trading App Demo | Indiabulls Securities App | HDFC Sky App | Kotak Neo |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Android Indiabulls Securities App Download | Android HDFC Sky App Download | Android Kotak Neo Download |
| iPhone Mobile App (IOS) | Yes | No | Yes |
| iOS App Download | iOS Indiabulls Securities App Download | iOS HDFC Sky App Download | iOS Kotak Neo Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (IOS) | Yes | Yes | Yes |
| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Indiabulls Securities | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for Kotak Securities |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Indiabulls Securities | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for Kotak Securities |
| Options Brokerage Calculator | Option Brokerage Calculator for Indiabulls Securities | Option Brokerage Calculator for HDFC Sky | Option Brokerage Calculator for Kotak Securities |
| Detail | Detail on Trading Platforms for Indiabulls Securities | Detail on Trading Platforms for HDFC Sky | Detail on Trading Platforms for Kotak Securities |
| Indiabulls Securities | HDFC Sky | Kotak Securities | |
|---|---|---|---|
| 34 Customer reviews Rate | 99 Customer reviews Rate | 83 Customer reviews Rate | |
| Fees Ratings | 3.6 | 2.5 | 2.6 |
| Trading Brokerage Rating | 3.5 | 2.1 | 2.7 |
| Trading Platform Usability | 3.9 | 3.0 | 3.2 |
| Customer Service Ratings | 3.4 | 2.8 | 3.1 |
| Overall Rating | 3.6 | 2.5 | 2.8 |
| Broker Rating | Indiabulls Securities is Rated 3.6 / 5 based on 34 customer reviews | HDFC Sky is Rated 2.5 / 5 based on 99 customer reviews | Kotak Securities is Rated 2.81 / 5 based on 83 customer reviews |
| Investment Offerings Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bonds / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | Yes | Yes |
| Insurance | No | No | Yes |
| Forex | No | No | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | No | No | Yes |
| Other Investment Options | Research & Advisory | NIL |
| MTF Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| MTF Leverage | Up to about 4x leverage | – | 4-5x leverage on 1500+ stocks |
| MTF Interest Rate | 14% p.a. | – | 9.69% p.a. |
| MTF Segment | Equity Delivery | – | Equity Delivery |
| MTF Pledge Charges | ₹20 per ISIN per pledge | – | ₹20 per ISIN |
| MTF Unpledged Charges | ₹20 per ISIN per unpledge | – | ₹20 per ISIN |
| Maximum MTF Funding | – | – | ₹20 crore per account |
| API Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| API Type | Portfolio API Order API WebSocket API Report API Basket API ScripMaster API | – | Neo Trade API (Quote, order, positions, reports, etc.) WebSocket API ( real-time data) |
| API Charges | Free | – | Free |
| Customer Service Compare | Indiabulls Securities | HDFC Sky | Kotak Securities |
|---|---|---|---|
| 24/7 Customer Service | No | No | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | No | No | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | No | No | Yes |
| Through Branches | Yes | Yes | Yes |
| Customer Care Number | 022-61446300 | 1800 121 2109 | 1800 209 9191 |
| Account Opening Process | Online paperless | Online | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.ibullssecurities.com/blogs-page | https://hdfcsky.com/learn | https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank |
| Head Office Address | Indiabulls Securities HeadofficePlot no. 108, 5th Floor, IT Park, Udyog Vihar, Phase – I, Gurugram – 122016 | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG,MUMBAI-MH-400042 | 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 |
| Website | https://www.ibullssecurities.com/ | https://hdfcsky.com/ | https://www.kotaksecurities.com |
| Indiabulls Securities | HDFC Sky | Kotak Securities | |
|---|---|---|---|
| Research Mutual Funds | No | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | No | Yes | Yes |
| Daily Market Report | No | Yes | Yes |
| Free Tips | No | Yes | Yes |
| Quarterly Result Analysis | No | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
| Indiabulls Securities | HDFC Sky | Kotak Securities | |
|---|---|---|---|
| DP Source | CDSL | CDSL | CDSL |
| DP ID | 29900 | 12400 | 25100 |
| Demat Account Annual Maintenance Charges(AMC) | Rs 25/month AMC + GST | ₹750 pa | ₹780 pa |
| Advance Deposit | Nil | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | NA |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | For BSDARs. 50/- or .05% of the transaction value (whichever is Higher).For Non BSDA-within Indiabulls: ₹20/- or .02% of the transaction value (whichever is Higher). For Non BSDA-Outside Indiabulls ₹30/- or .03% of the transaction value (whichever | 0.04% (Min ₹20) + CDSL charges | 0.04% (Min ₹27) + CDSL charges |
| Demat | ₹5 per certificate (Min ₹50 per request) | ₹5 per certificate + ₹35 request charges | ₹3 per certificate + ₹50 courier charges |
| Remat | ₹35/- for every 100 securities/MF units or part thereof | ₹30 | ₹10 for every hundred securities (Min ₹15) |
| Pledge Creation | ₹35 or .02% of the transaction value (whichever is higher) | Nil | 0.05% of transaction value (Min ₹30) |
| Pledge Creation Confirmation | ₹35 or .02% of the transaction value (whichever is higher) | 0.04% of transaction value (Min ₹40) | 0.05% of transaction value (Min ₹30) |
| Pledge Closure | ₹35 or .02% of the transaction value (whichever is higher) | Nil | 0.05% of transaction value (Min ₹30) |
| Pledge Closure Confirmation | ₹35 or .02% of the transaction value (whichever is higher) | 0.04% of transaction value (Min ₹40) | 0.05% of transaction value (Min ₹30) |
| Pledge Invocation | ₹35 or .02% of the transaction value (whichever is higher) | 0.04% of transaction value (Min ₹40) | 0.05% of transaction value (Min ₹30) |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
| Indiabulls Securities | HDFC Sky | Kotak Securities | |
|---|---|---|---|
| Likes | Investment Product Suite with access to stocks, derivatives, currencies, commodities, IPOs, mutual funds, and other products. Quick and hassle-free onboarding process via Indiabulls Securities app or website Comprehensive trading platforms with mobile app, web portal, and PIB desktop terminal Offers advanced orders like basket order, bracket order, cover order. Free API Access and IB Algo for algo trading NRI trading is available with Indiabulls Securities. Detail Review… | ✅ Pros Free account opening Zero AMC (1st year) Flat ₹20 brokerage Invest in US stocks Free research & daily trading calls Advanced order types (BO, CO, OCO, GTT) No minimum balance Modern mobile app Detail Review… | Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc. Minimal account opening charges No brokerage intraday trading Low-cost brokerage trading Multiple platforms to trade on web, app, and desktop StockCase: Experts recommended basket of stocks Tools like equity screeners, TradingView charts, and Payoff analyzer BNST: Buy Now Sell Tomorrow order Bracket order, cover order, GTT, and aftermarket order Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available. Margin trading facility (MTF) with dealer assisted trading Kotak Traders Academy for beginners Detail Review… |
| Dislikes | No 3-in-1 account opening services. No 24/7 customer support. Detail Review… | ❌ Cons Delivery trades not free (Zerodha offers free delivery) No desktop trading terminal Direct mutual funds are not supported Detail Review… | Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only. High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot) Delivery trading is not free as charged with 0.25% brokerage. Detail Review… |
| Special Offers/Promo | Current Promotion offer from Indiabulls for InvestorGain Visitors 🆓 Free Account Opening 💹 Max ₹11 per Order Brokerage on Equity, F&O, Commodities & Currency 💰 Free Mutual Funds & IPO Investment ⚡ Trade up to 4x Margin on MTF 🚀 Open Instant Indiabulls Account Now! | 💼 Kotak Securities Trade Free Plan 🆓 Free Account Opening 💹 Flat ₹10 per Trade Brokerage on Intraday & F&O Open Instant Account Now | |
| Open Kotak Securities Account Now |
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