GCL Securities Review - A Full Service Broker India 2017


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Overall

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 platforms to its clients including Retail and High Net worth.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why GCL Securities?

  • All investment options-Equities, F & O, Currencies, Commodity, IPO, Mutual Funds.
  • Free call and trade.
  • Recommendations on Mutual Fund.
  • Free trading and demat account opening with zero maintenance fee.
  • Low brokerage.
  • Branches available with dedicated financial experts.
LikesLikes

  • Free call and trade facility.
  • Own DP service.
  • Dedicated team of Relationship Managers and Dealers.
  • End to end solutions for commodity trading.

DislikesDislikes

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

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GCL Securities Review - 2017

Jaipur, (Raj) based GCL Securities  Private Limited is part of GCL Financial group of companies allowing trading and investment in equity shares, derivatives (futures & options), currency, commodity, mutual funds & IPOs in India Stock Market by having membership in NSE, BSE, MCX, NCDEX. The brokerage house is run by team of experts in the capital market from long time.

On product and services, they have their own DP service registered with CDSL. The broker offers currency trading on both stock exchanges NSE and BSE.

Commodity Services are offered through Ganganagar Commodities Limited. You are allowed to choose from several customized / multiple brokerage plans to suit your commodity trading needs. GCL provides customized end to end solutions in commodity management like procurement,physical delivery of all commodities, commodity financing on WR’s and hedging advantage with trading facilities.

GCL offers a complete range of insurance solutions covering both Life and General Insurance.

They offer wide spectrum of investment schemes from top mutual fund houses.You can do SIP (Systematic Investment Plan) Investment in Mutual Funds with GCL.They also provide recommendations based on in-depth research, mutual fund performance & mutual fund ratings to help you meet your investment goals.

The broker also offer free investment workshops to gain knowledge on investment basics.

On customer services, GCL branches are staffed with dedicated financial experts to offer personal financial services for all your investment needs. Customer support is available through email, online helpdesk, phone call and also can be approached personally at any local branch for account opening and getting help with any investment needs. The branches are available in Ganganagar and Jaipur (Raj) and Ahmedabad and Mehsana (Guj) and Delhi.

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GCL Securities with closest competitors
Broker GCL Securities Zerodha ICICIDirect Sharekhan ProStocks
Service Type Full Service Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage .01 to 0.1% Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating
Please refer unique and accurate GCL Securities Brokerage Calculator

GCL Securities Brokerage Charges - 2017

GCL Securities offer trading and demat account both free.  AMC for both the accounts is also nil. You must have Demat account(compulsory) with GCL Securities along with trading account.

 GCL Securities brokerage plan is lowest in the Industry. The broker charges .10% for trading in equity cash, .01% for trading in Intraday and Future. Option trading can be done at Rs 25 per lot.

The equity delivery brokerage of .10% is significantly less expensive than all the big brokers, such as ICICIDirect, Sharekhan, HDFC Securities, Kotak Securities etc.

For equity Intraday and future traders, the brokerage rate of .01% is very less expensive that cannot be overlooked. It’s the cheapest in the full service Broker Industry.

Option Trading @ Rs 25 per lot with GCL Securities is also competitive.

Commodity trading can be done at .01%. Same for currency future @ .01%

Currency Option trading can be done @ Rs 10.

The brokerage is not disclosed online, they want you to approach them personally for any brokerage related queries.

 

GCL Securities Account Charges

  • Trading Account Opening Charges (One Time): Nil
  • Demat account Opening Charges (One Time): Nil
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Nil
For complete brokerage charges and trading plans detail please visit GCL Securities Brokerage Charges.
GCL Securities Brokerage Charges - Basic Account
Brokerage Plan Basic Account
Flat Fee NA
Equity Delivery 0.10%
Equity Intraday 0.01%
Equity Futures 0.01%
Equity Options Rs 25
Currency Futures 0.01%
Currency Options Rs 10
Commodity 0.01%

Contact GCL Securities

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GCL Securities Web, Mobile app and Desktop base trading platform - 2017

GCL securities offer web based, software based and mobile App based trading platforms at no additional fee.  The web based and desktop based software is through ODIN.

ODIN CLIENT: This fully functional trading terminal  is a light-weight easily downloadable application which facilitates efficient trading and incorporates many appealing features required by active clients.

ODIN Web : The website based trading  is platform independent and accessible through any web browser and from any computer connected to internet. The easy to use website has all  critical features an investor need to trade in stock market. 

Gcl e-lite Trader :GCL Securities offer a simple, secure & hassle free Mobile Trading App Gcl e-lite Trader  for trading across equity, derivatives, currency and commodity on  NSE, NCDEX & MCX. The app is only for Android phones. Trading on BSE is not available through mobile app.

Apart from trade execution, the other features  are:

Live streaming quotes – commodities, stocks and indices.
 Multi-exchange streaming watch- list & quotes.
 List and grid view market watch.
 Create up to 4 multi-asset watch lists updated with live data.

For detail review of mobile app and download please visit GCL Securities Mobile App.

GCL Securities Membership Information

  • GCL Securities SEBI registration-INZ000004036
  • GCL Securities NSE - 90046
  • GCL Securities BSE - 6605
  • GCL Securities MCX - 40355
  • GCL Securities NCDEX - 00471
  • GCL Securities CSDL/NSDL - 82400
  • Corporate Address:

    • Commodity:
      • 15, National Highway, Opp. S.D. College, Sri Ganganagar (Raj)-335001
    • Equity :
      • 3rd Floor, Raghukul Tower, Khatipura T-Point, Sirsi Road, Jaipur (Raj.)-302021

    Registered Address:

    • Commodity :
      • 424, 4th Floor , City Center, The Mall, KANPUR (UP)-208001
    • Equity:
      • 64 HSIDC, Kundli, Sonepat, Haryana 1310

Product and Services

3 in 1 Accounthelp
No
Multiple Plans help
No
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
Yes
Charting help
No
Automated Trading help
No
AMO Order help
No
Allow GTC Order help
No
SMS Alerts help
Yes
Margin Trade Funding help
No
Combined Ledger for Equity and Commodityhelp
No
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
Yes
Mutual Funds help
Yes
ETF help
Yes
IPO Investment help
Yes
Bonds Investment help
Yes
Debt Investment help
Yes
Banking Service help
No
Insurance Service help
No
SIP Investment help
No

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
Yes
Stock Alerts Delivery - Text SMS help
Yes
Virtual Trading help
No
Watch-lists, streaming real-time quotes help
No
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
No
iPad App help
No
Mobile Trading Site help
Yes

Customer Service

Phone Support help
Yes
Toll Free Number help
No
Email Support help
Yes
Branch Offices help
Yes
Live Chat (Current Clients) help
No
24/7 Support help
No

Research and Market Reports

Daily Market Report help
No
Free Tips help
No
Quarterly Results help
No
New Alerts help
No
Mutual Funds Research help
Yes
Research Equity Reports help
No
ETF Research help
No

Final thought about GCL Securities

The brokerage looks fair and low but in this competitive market the broker needs to be proactive and should bring new tools and value added services to attract the tech savvy customers. The Broker’s personal financial services through a dedicated team of relationship managers and dealers is a plus and can be seen as a factor to choose them.

At no account opening charges and zero AMC, you can definitely give GCL a try for your trading and other investment needs.

If you like what you have read and want to choose GCL Securities or any other broker, leave your contact information with us and we will guide you.

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