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AxisDirect Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of AxisDirect ranges between 0.05% to 0.5% while the brokerage of GCL Securities ranges between .01 to 0.1%. Both the brokers are Full Service brokers. AxisDirect is having overall higher rating compare to GCL Securities. AxisDirect is rated 3.5 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for AxisDirect is 3,57,390 where number of active customer for GCL Securities is . AxisDirect is serving more customer compare to GCL Securities.

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

  AxisDirect Compare
AxisDirect
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? NSE, BSE NSE, BSE
Active Clients 3,57,390
Broker Overview Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect 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 AxisDirect vs GCL Securities on Trading & Demat Account Opening Charges

Comparison of AxisDirect with GCL Securities on trading & demat account opening charges and AMC. Trading account opening charges - GCL Securities offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account where GCL Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare AxisDirect with GCL Securities
Charges AxisDirect GCL Securities
Trading Account Opening Fees Rs 999 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 750 PA (Free for 1st year) Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare AxisDirect vs GCL Securities on Plan Options

Plans are the most important feature you look when compare AxisDirect with GCL Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provide Multiple Plans where GCL Securities doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare AxisDirect with GCL Securities on Plan Options
Plan Types AxisDirect GCL Securities
Multiple Plans Yes 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 AxisDirect vs GCL Securities on Brokerage Charges

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

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 AxisDirect with GCL Securities
Brokerage Charges Compare AxisDirect GCL Securities
Plan Name Fixed Brokerage Trading Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.50% (Each leg) 0.1% or 10 paisa
Equity Intraday 0.05% (Each leg) 0.01% or 1 paisa
Equity Futures 0.05% (Each leg) 0.01% or 1 paisa
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 25 Per Lot
Currency Futures 0.05% (Each Leg) 0.01% or 1 paisa
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p Rs 25 Per Lot
Commodity Trading Futures: 0.03% (Each leg)| Options: Rs. 50 per lot 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free 20 calls per month, and after Rs. 20 per order NA
Auto Square off Charges 20 calls Free and after that Rs 20 per call NA
Brokerage Calculator Brokerage Calculator for AxisDirect Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare AxisDirect vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare AxisDirect with GCL Securities
Transaction Charges Compare AxisDirect 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 310 Per Cr | Agri: Rs 225 Per Cr
Brokerage Charges Complete Brokerage Plans for axisdirect Complete Brokerage Plans for gclsecurities
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Account Features

Compare AxisDirect vs GCL Securities on Account Features

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

Account Features - AxisDirect with GCL Securities
Account Features Compare AxisDirect GCL Securities
3 in 1 Account Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No AxisDirect have 2-in-1 account. Only Demate and Trading account.
Charting Yes No
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 2:45 PM 3:00 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare AxisDirect vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w AxisDirect 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 AxisDirect with GCL Securities
Trading Platform Compare AxisDirect GCL Securities
Desktop Trading Platform Ring 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://login.axisdirect.in/ https://www.gclbroking.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App AxisDirect Ring Mobile App GCL On Time
Mobile Trading App Demo AxisDirect Ring Mobile App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod AxisDirect Ring Mobile App Download Andriod GCL On Time Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS AxisDirect Ring Mobile App Download iOS GCL On Time Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for AxisDirect Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for AxisDirect Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for AxisDirect Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for axisdirect Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare AxisDirect vs GCL Securities on User Rating

  AxisDirect GCL Securities
  6 Customer Reviews    Rate AxisDirect 1 Customer Reviews    Rate GCL Securities
Fees Ratings 2.5 5.0
Trading Brokerage Rating 2.0 5.0
Trading Platform Usability 3.2 4.0
Customer Service Ratings 2.7 4.0
Overall Ratings 2.3 4.0
Broker Rating AxisDirect is Rated 2.3 / 5 based on 6 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare AxisDirect vs GCL Securities on Investment Offerings

Compare AxisDirect 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 AxisDirect with GCL Securities
Investment Offerings Compare AxisDirect 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 Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL Loans
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Order Types

Compare AxisDirect vs GCL Securities on Order Types

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

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

Compare AxisDirect vs GCL Securities on Customer Service

Compare AxisDirect 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 AxisDirect with GCL Securities
Customer Service Compare AxisDirect GCL Securities
24/7 Customer Service AxisDirect vs GCL Securities - 24x7 customer support No No
Email Support AxisDirect vs GCL Securities - Email Support Yes Yes
Onine Live Chat AxisDirect vs GCL Securities - Onine Live Chat Yes No
Phone Support AxisDirect vs GCL Securities - Phone Support Yes Yes
Toll Free Number AxisDirect vs GCL Securities - Toll Free Number Yes No
Through Branches AxisDirect vs GCL Securities - Through Branches Yes Yes
Customer Care Number AxisDirect vs GCL Securities - Customer Care Number 022-61480808 Info Not Available
Account Opening Process AxisDirect vs GCL Securities - Account Opening Process Online Info Not Available
Customer Support Email AxisDirect vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education AxisDirect vs GCL Securities - Knowledge Center/Education https://simplehai.axisdirect.in/learn/overview Info Not Available
Head Office Address AxisDirect vs GCL Securities - Head Office Address/Corporate Address Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Info Not Available
Website AxisDirect vs GCL Securities - Company Website https://simplehai.axisdirect.in Info Not Available
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Tips/Research/Reports Published

Compare AxisDirect vs GCL Securities on Research Reports, Tips

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

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

Compare AxisDirect vs GCL Securities on Demat Account

Compare AxisDirect 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 AxisDirect is ₹500 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 AxisDirect is ₹10 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 AxisDirect with GCL Securities
  AxisDirect GCL Securities
DP Source CDSL CDSL
DP ID AxisDirect vs GCL Securities - DP ID 49200 No
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹300 pa
Advance Deposit Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 ₹11
Demat ₹3 per certificate ₹10 per certificate + ₹30 courier charges
Remat ₹10 for every hundred securities (Min ₹10) Actual CDSL charges + ₹30 request charges
Pledge Creation ₹25 ₹25 per transaction
Pledge Creation Confirmation ₹25 ₹25 per transaction
Pledge Closure ₹25 ₹25 per transaction
Pledge Closure Confirmation ₹25 ₹25 per transaction
Pledge Invocation Nil ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare AxisDirect vs GCL Securities on Special Offers and Promotion

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

Compare AxisDirect vs GCL Securities on Special Offers and Promotion
  AxisDirect GCL Securities
Pay In and Pay Out Options AxisDirect vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time AxisDirect vs GCL Securities - Payout Time Instant to Axis Bank. Info Not Available
Bank Supported and Charges AxisDirect vs GCL Securities - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your Axis bank account. Info Not Available
Likes
  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Detail Review...

Dislikes
  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

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 Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-08-25T05:28:35+00:00