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Hdfc sec does not allow to trade scripts less than Rs 2.50. when SEBI allows face value of the company can be Rs 1, 2, 5,10. It is against the interest of the customer who are trading in penny stocks. Updates by the bse or nse are not clearly notified to the customers. when compare to other brokers brokerage is high and fees are also high.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

Stocks trading below Rs.2.5 or rather say below Rs.5 are penny stocks. These stocks bear a very high risk and volatility in market,due to the small size of the companies and their lack of transparency & relative newness, they are unpredictable, Some of these micro cap companies have no assets or operations and due to their low trade volumes, any size of trade can result in alarge % impact on the price of the stock..
As per the risk management policy of a company,the stock broker MAY reserves the right to refto provide the limit in Penny Stocks, hdfc securities does not trades in Z group securities and stocks trading below Rs 2.50.