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Finvasia Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI. Finvasia offers investmenet in Equity, F&O, Currency and Commodities, where GCL Securities offers investment in Equity, F&O and Currency only. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of GCL Securities ranges between .01 to 0.1%. Finvasia is a Discount Broker where GCL Securities is a Full Service Broker. Finvasia is having overall higher rating compare to GCL Securities. Finvasia is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for GCL Securities is . Finvasia is serving more customer compare to GCL Securities.

Here we present side-by-side comparison of Finvasia 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 Finvasia 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 Finvasia 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 Finvasia 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 Finvasia vs GCL Securities on Service

  Finvasia Compare
Finvasia
GCL Securities Compare
GCL Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1,05,160
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia 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
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Account Opening Charges and AMC

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

Comparison of Finvasia 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 - Finvasia offer Free AMC for Demat account where GCL Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with GCL Securities
Charges Finvasia GCL Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs GCL Securities on Plan Options

Plans are the most important feature you look when compare Finvasia 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 Finvasia with GCL Securities on Plan Options
Plan Types Finvasia GCL Securities
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Finvasia vs GCL Securities on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

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 Finvasia with GCL Securities
Brokerage Charges Compare Finvasia GCL Securities
Plan Name Zero Brokerage Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Rs 0 0.1% or 10 paisa
Equity Intraday Rs 0 0.01% or 1 paisa
Equity Futures Rs 0 0.01% or 1 paisa
Equity Options Rs 0 Rs 25 Per Lot
Currency Futures Rs 0 0.01% or 1 paisa
Currency Options Rs 0 Rs 25 Per Lot
Commodity Trading Rs 0 0.01% or 1 paisa
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare Finvasia vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare Finvasia with GCL Securities
Transaction Charges Compare Finvasia 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 finvasia Complete Brokerage Plans for gclsecurities
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Account Features

Compare Finvasia vs GCL Securities on Account Features

Compare Finvasia 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 - Finvasia offers Algo Trading where GCL Securities doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Finvasia vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia 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 Finvasia with GCL Securities
Trading Platform Compare Finvasia GCL Securities
Desktop Trading Platform OMNESYS NEST ODIN
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://www.gclbroking.com
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT GCL On Time
Mobile Trading App Demo SCALPERT Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod GCL On Time Download
iPhone Mobile App (IOS) No No
iOS App Download Info Not Available iOS GCL On Time Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare Finvasia vs GCL Securities on User Rating

  Finvasia GCL Securities
  17 Customer Reviews    Rate Finvasia 1 Customer Reviews    Rate GCL Securities
Fees Ratings 4.3 5.0
Trading Brokerage Rating 4.6 5.0
Trading Platform Usability 4.0 4.0
Customer Service Ratings 3.5 4.0
Overall Ratings 4.2 4.0
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Finvasia vs GCL Securities on Investment Offerings

Compare Finvasia 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) - both the brokers don't have PMS Service.

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

Compare Finvasia vs GCL Securities on Order Types

Order Type - Compare Finvasia 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) - Finvasia 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) - Finvasia 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)- Finvasia offers After Market Orders where GCL Securities doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with GCL Securities
Order Type Compare Finvasia 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 Yes No
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Finvasia vs GCL Securities on Customer Service

Compare Finvasia 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 Finvasia with GCL Securities
Customer Service Compare Finvasia GCL Securities
24/7 Customer Service Finvasia vs GCL Securities - 24x7 customer support No No
Email Support Finvasia vs GCL Securities - Email Support Yes Yes
Onine Live Chat Finvasia vs GCL Securities - Onine Live Chat Yes No
Phone Support Finvasia vs GCL Securities - Phone Support Yes Yes
Toll Free Number Finvasia vs GCL Securities - Toll Free Number No No
Through Branches Finvasia vs GCL Securities - Through Branches No Yes
Customer Care Number Finvasia vs GCL Securities - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 Info Not Available
Account Opening Process Finvasia vs GCL Securities - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Finvasia vs GCL Securities - Customer Support Email [email protected]/[email protected] Info Not Available
Knowledge Center/Education Finvasia vs GCL Securities - Knowledge Center/Education https://finvasia.com/announcements Info Not Available
Head Office Address Finvasia vs GCL Securities - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Info Not Available
Website Finvasia vs GCL Securities - Company Website https://www.finvasia.com/ Info Not Available
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Tips/Research/Reports Published

Compare Finvasia vs GCL Securities on Research Reports, Tips

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

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

Compare Finvasia vs GCL Securities on Demat Account

Compare Finvasia 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 Finvasia is Free where for GCL Securities is ₹300 pa. Finvasia is a better choice in terms of Demat AMC compare to GCL Securities.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every 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 Finvasia with GCL Securities
  Finvasia GCL Securities
DP Source CDSL CDSL
DP ID Finvasia vs GCL Securities - DP ID 84300 No
Demat Account Annual Maintenance Charges(AMC) Free ₹300 pa
Advance Deposit Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹11
Demat ₹15 per certificate ₹10 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities + CDSL Charges Actual CDSL charges + ₹30 request charges
Pledge Creation ₹25 per transaction ₹25 per transaction
Pledge Creation Confirmation NIL ₹25 per transaction
Pledge Closure ₹25 per transaction ₹25 per transaction
Pledge Closure Confirmation NIL ₹25 per transaction
Pledge Invocation ₹19 per transaction ₹25 per transaction
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs GCL Securities on Special Offers and Promotion

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

Compare Finvasia vs GCL Securities on Special Offers and Promotion
  Finvasia GCL Securities
Pay In and Pay Out Options Finvasia vs GCL Securities - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Info Not Available
Payout Time Finvasia vs GCL Securities - Payout Time Up to 24 hrs except for bank holidays. Info Not Available
Bank Supported and Charges Finvasia vs GCL Securities - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Info Not Available
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Info Not Available
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

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 Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-09-05T02:25:49+00:00