FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Karvy Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI. Karvy offers investmenet in Equity, F&O, Currency and Commodities, where GCL Securities offers investment in Equity, F&O and Currency only. The brokerage of Karvy ranges between 0.03 to 0.3% while the brokerage of GCL Securities ranges between .01 to 0.1%. Both the brokers are Full Service brokers. Karvy is having overall higher rating compare to GCL Securities. Karvy is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for GCL Securities is where number of active customer for Karvy is . GCL Securities is serving more customer compare to Karvy.

Here we present side-by-side comparison of Karvy vs GCL Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Karvy vs GCL Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Karvy vs GCL Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Karvy vs GCL Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Karvy vs GCL Securities on Service

  Karvy Compare
Karvy
GCL Securities Compare
GCL Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients
Broker Overview One of the largest stockbrokers offering a full spectrum of financial products including Karvy Demat and Trading Account, NRI account, Corporate Account, Trust Account, research reports, and advisory. An emerging full service broker who not only provides equity broking and advisory services but also provides opportunity to invest/ hedge  through various other investment options like mutual Fund, IPOs, Insurance and more on various platfo...Know more about GCL Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Karvy vs GCL Securities on Trading & Demat Account Opening Charges

Comparison of Karvy with GCL Securities on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Karvy charges Rs 500 PA AMC for Demat account where GCL Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Karvy with GCL Securities
Charges Karvy GCL Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 500 PA Rs 400 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Karvy vs GCL Securities on Plan Options

Plans are the most important feature you look when compare Karvy with GCL Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Karvy with GCL Securities on Plan Options
Plan Types Karvy GCL Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Karvy vs GCL Securities on Brokerage Charges

Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.

GCL Securities Brokerage Plan detail - Base plan- .01 to .1% plan which is one of the lowest plan in compare to all full service brokers.

Brokerage Charges - Compare Karvy with GCL Securities
Brokerage Charges Compare Karvy GCL Securities
Plan Name Basic Trading Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.3% or 30 paisa 0.1% or 10 paisa
Equity Intraday 0.03% or 3 paisa 0.01% or 1 paisa
Equity Futures 0.03% or 3 paisa 0.01% or 1 paisa
Equity Options Rs 50 Per Lot Rs 25 Per Lot
Currency Futures 0.03% or 3 paisa 0.01% or 1 paisa
Currency Options Rs 50 Per Lot Rs 25 Per Lot
Commodity Trading 0.03% or 3 paisa 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Call 18004198283 number for Call and Trade, SMS Order faclity also available NA
Auto Square off Charges Call 18004198283 number for Call and Trade, SMS Order faclity also available NA
Brokerage Calculator Brokerage Calculator for Karvy Brokerage Calculator for GCL Securities
Expand

Share Broker's Transaction Charges

Compare Karvy vs GCL Securities on Transaction Charges

Compare Karvy with GCL Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare Karvy with GCL Securities
Transaction Charges Compare Karvy GCL Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 310 Per Cr | Agri: Rs 225 Per Cr
Brokerage Charges Complete Brokerage Plans for karvy Complete Brokerage Plans for gclsecurities
Expand

Account Features

Compare Karvy vs GCL Securities on Account Features

Compare Karvy with GCL Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Karvy offers Algo Trading where GCL Securities doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - GCL Securities offers NRI where Karvy doesn't offers NRI Trading.

Account Features - Karvy with GCL Securities
Account Features Compare Karvy GCL Securities
3 in 1 Account No Karvy have 2-in-1 account. Only Demate and Trading account. No Karvy have 2-in-1 account. Only Demate and Trading account.
Charting Yes No
Algo Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:00 PM
NRI Trading No Yes
Other Features NIL NIL
Expand

Trading Platform

Compare Karvy vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Karvy and GCL Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Karvy with GCL Securities
Trading Platform Compare Karvy GCL Securities
Desktop Trading Platform Karvy NESTTrader ODIN
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.karvyonline.com/KARVY/Login/indexauth.jsp https://www.gclbroking.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App KarvyOnline GCL On Time
Mobile Trading App Demo KarvyOnline Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod KarvyOnline Download Andriod GCL On Time Download
iPhone Mobile App (IOS) No No
iOS App Download iOS KarvyOnline Download iOS GCL On Time Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Karvy Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Karvy Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for Karvy Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for karvy Detail on Trading Platforms for gclsecurities

Expand

Broker Ratings by Users

Compare Karvy vs GCL Securities on User Rating

  Karvy GCL Securities
  3 Customer Reviews    Rate Karvy 1 Customer Reviews    Rate GCL Securities
Fees Ratings 2.7 5.0
Trading Brokerage Rating 2.3 5.0
Trading Platform Usability 2.3 4.0
Customer Service Ratings 3.7 4.0
Overall Ratings 2.7 4.0
Broker Rating Karvy is Rated 2.7 / 5 based on 3 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
Expand

Investment Offerings

Compare Karvy vs GCL Securities on Investment Offerings

Compare Karvy with GCL Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Karvy provide PMS Service where GCL Securities doesn't offer

Investment Offerings - Compare Karvy with GCL Securities
Investment Offerings Compare Karvy GCL Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options Insurance Loans
Expand

Order Types

Compare Karvy vs GCL Securities on Order Types

Order Type - Compare Karvy with GCL Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Karvy provide Cover Orders (CO) where GCL Securities doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Karvy provide Bracket Orders (BO) where GCL Securities doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both doesn't offers AMO orders. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Karvy with GCL Securities
Order Type Compare Karvy GCL Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders No No
GTC-Good Till Cancelled No No
Expand

Customer Service Offered

Compare Karvy vs GCL Securities on Customer Service

Compare Karvy with GCL Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Karvy with GCL Securities
Customer Service Compare Karvy GCL Securities
24/7 Customer Service Karvy vs GCL Securities - 24x7 customer support No No
Email Support Karvy vs GCL Securities - Email Support Yes Yes
Onine Live Chat Karvy vs GCL Securities - Onine Live Chat No No
Phone Support Karvy vs GCL Securities - Phone Support Yes Yes
Toll Free Number Karvy vs GCL Securities - Toll Free Number Yes No
Through Branches Karvy vs GCL Securities - Through Branches Yes Yes
Customer Care Number Karvy vs GCL Securities - Customer Care Number 18004198283/7093706007/18004198283 Info Not Available
Account Opening Process Karvy vs GCL Securities - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Karvy vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Karvy vs GCL Securities - Knowledge Center/Education https://www.karvyonline.com/knowledge-center/index Info Not Available
Head Office Address Karvy vs GCL Securities - Head Office Address/Corporate Address Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Info Not Available
Website Karvy vs GCL Securities - Company Website www.karvyonline.com Info Not Available
Expand

Tips/Research/Reports Published

Compare Karvy vs GCL Securities on Research Reports, Tips

Compare Karvy with GCL Securities on research reports and tips provided by the broker.

Research Reports - Compare Karvy with GCL Securities
  Karvy GCL Securities
Research Mutual Funds Karvy vs GCL Securities - Research Mutual Funds No Yes
Research Equity Reports Karvy vs GCL Securities - Research Equity Reports No No
Research ETF Karvy vs GCL Securities - Research ETF No No
Daily Market Report Karvy vs GCL Securities - Daily Market Report Yes No
Free Tips Karvy vs GCL Securities - Free Tips Yes No
Quarterly Result Analysis Karvy vs GCL Securities - Quarterly Results Yes No
News Alerts Karvy vs GCL Securities - Yes No
Expand

Demat Account

Compare Karvy vs GCL Securities on Demat Account

Compare Karvy with GCL Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for GCL Securities is ₹300 pa where for Karvy is ₹365 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Karvy is ₹15 per transaction where for GCL Securities is ₹11.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Karvy with GCL Securities
  Karvy GCL Securities
DP Source CDSL CDSL
DP ID Karvy vs GCL Securities - DP ID 33200 No
Demat Account Annual Maintenance Charges(AMC) ₹365 pa ₹300 pa
Advance Deposit NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹15 per transaction ₹11
Demat ₹5 per certificate + ₹40 courier charges ₹10 per certificate + ₹30 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) Actual CDSL charges + ₹30 request charges
Pledge Creation 0.03% of transaction value (Min ₹100 and Max ₹5k) ₹25 per transaction
Pledge Creation Confirmation 0.03% of transaction value (Min ₹100 and Max ₹5k) ₹25 per transaction
Pledge Closure 0.03% of transaction value (Min ₹100 and Max ₹5k) ₹25 per transaction
Pledge Closure Confirmation 0.03% of transaction value (Min ₹100 and Max ₹5k) ₹25 per transaction
Pledge Invocation 0.03% of transaction value (Min ₹100 and Max ₹5k) ₹25 per transaction
Failed Instruction Charges ₹100 Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Karvy vs GCL Securities on Special Offers and Promotion

Compare Karvy with GCL Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Karvy vs GCL Securities on Special Offers and Promotion
  Karvy GCL Securities
Pay In and Pay Out Options Karvy vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Karvy Broking Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Karvy vs GCL Securities - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Karvy vs GCL Securities - Bank Supported and Charges Around 40+ bank are prefered parter with Karvy Stock Broking. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes

Detail Review...

Detail Review...

Dislikes
  • 3-in-1 account opening facility is not available with Karvy.

Detail Review...

  • Not transparent in brokerage charges and other fees.
  • Trading on BSE is not available on Mobile App.
  • Research available only for mutual fund.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2020-04-07T10:51:20+00:00