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HDFC Sky Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where GCL Securities offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of GCL Securities ranges between .01 to 0.1%. HDFC Sky is a Discount Broker where GCL Securities is a Full Service Broker. HDFC Sky is having overall higher rating compare to GCL Securities. HDFC Sky is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for HDFC Sky is 10,88,561 where number of active customer for GCL Securities is . HDFC Sky is serving more customer compare to GCL Securities.

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

  HDFC Sky Compare
HDFC Sky
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? NSE, BSE, MCX NSE, BSE
Active Clients 10,88,561
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 HDFC Sky vs GCL Securities on Trading & Demat Account Opening Charges

Comparison of HDFC Sky 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 - HDFC Sky charges Rs 240 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 HDFC Sky with GCL Securities
Charges HDFC Sky GCL Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs GCL Securities on Plan Options

Plans are the most important feature you look when compare HDFC Sky 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 HDFC Sky with GCL Securities on Plan Options
Plan Types HDFC Sky 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 HDFC Sky vs GCL Securities on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee 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 HDFC Sky with GCL Securities
Brokerage Charges Compare HDFC Sky GCL Securities
Plan Name Fixed pricing model Basic Trading Plan (Percentage Based)
Equity Delivery 0.1% or Rs 20 whichever is lower 0.1% or 10 paisa
Equity Intraday 0.1% or Rs 20 whichever is lower 0.01% or 1 paisa
Equity Futures 0.1% or Rs 20 whichever is lower 0.01% or 1 paisa
Equity Options Flat Fee Rs 20 Rs 25 Per Lot
Currency Futures 0.1% or Rs 20 whichever is lower 0.01% or 1 paisa
Currency Options Flat Fee Rs 20 Rs 25 Per Lot
Commodity Trading Flat Fee Rs 20 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Info Not Available
Call & Trade Charges Rs 20 per call NA
Auto Square off Charges 0.1% or Rs 20 whichever is lower NA
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare HDFC Sky vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with GCL Securities
Transaction Charges Compare HDFC Sky 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 NA Non-Agri: Rs 310 Per Cr | Agri: Rs 225 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for gclsecurities
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Account Features

Compare HDFC Sky vs GCL Securities on Account Features

Compare HDFC Sky with GCL Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky 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 - HDFC Sky offers a margin funding where GCL Securities doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - HDFC Sky with GCL Securities
Account Features Compare HDFC Sky GCL Securities
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky 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 3:15PM 3:00 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky 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 HDFC Sky with GCL Securities
Trading Platform Compare HDFC Sky GCL Securities
Desktop Trading Platform HDFC Sky ODIN
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://www.gclbroking.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App GCL On Time
Mobile Trading App Demo HDFC Sky App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod GCL On Time Download
iPhone Mobile App (IOS) No No
iOS App Download iOS HDFC Sky App Download iOS GCL On Time Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare HDFC Sky vs GCL Securities on User Rating

  HDFC Sky GCL Securities
  97 Customer Reviews    Rate HDFC Sky 1 Customer Reviews    Rate GCL Securities
Fees Ratings 2.4 5.0
Trading Brokerage Rating 2.1 5.0
Trading Platform Usability 2.9 4.0
Customer Service Ratings 2.8 4.0
Overall Ratings 2.4 4.0
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare HDFC Sky vs GCL Securities on Investment Offerings

Compare HDFC Sky 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 HDFC Sky with GCL Securities
Investment Offerings Compare HDFC Sky 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 No 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 HDFC Sky vs GCL Securities on Order Types

Order Type - Compare HDFC Sky 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) - HDFC Sky 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) - HDFC Sky 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- HDFC Sky offers Good Till Cancelled (GTC) orders where GCL Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare HDFC Sky with GCL Securities
Order Type Compare HDFC Sky 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 Yes No
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Customer Service Offered

Compare HDFC Sky vs GCL Securities on Customer Service

Compare HDFC Sky 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 HDFC Sky with GCL Securities
Customer Service Compare HDFC Sky GCL Securities
24/7 Customer Service HDFC Sky vs GCL Securities - 24x7 customer support No No
Email Support HDFC Sky vs GCL Securities - Email Support Yes Yes
Onine Live Chat HDFC Sky vs GCL Securities - Onine Live Chat No No
Phone Support HDFC Sky vs GCL Securities - Phone Support Yes Yes
Toll Free Number HDFC Sky vs GCL Securities - Toll Free Number No No
Through Branches HDFC Sky vs GCL Securities - Through Branches Yes Yes
Customer Care Number HDFC Sky vs GCL Securities - Customer Care Number 1800 121 2109 Info Not Available
Account Opening Process HDFC Sky vs GCL Securities - Account Opening Process Online Info Not Available
Customer Support Email HDFC Sky vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education HDFC Sky vs GCL Securities - Knowledge Center/Education https://hdfcsky.com/learn Info Not Available
Head Office Address HDFC Sky vs GCL Securities - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Info Not Available
Website HDFC Sky vs GCL Securities - Company Website https://hdfcsky.com/ Info Not Available
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Tips/Research/Reports Published

Compare HDFC Sky vs GCL Securities on Research Reports, Tips

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

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

Compare HDFC Sky vs GCL Securities on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 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 HDFC Sky is 0.04% (Min ₹20) + CDSL charges 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 HDFC Sky with GCL Securities
  HDFC Sky GCL Securities
DP Source CDSL CDSL
DP ID HDFC Sky vs GCL Securities - DP ID CDSL: 1209 No
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹300 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹11
Demat ₹5 per certificate + ₹35 request charges ₹10 per certificate + ₹30 courier charges
Remat ₹30 Actual CDSL charges + ₹30 request charges
Pledge Creation Nil ₹25 per transaction
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) ₹25 per transaction
Pledge Closure Nil ₹25 per transaction
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) ₹25 per transaction
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs GCL Securities on Special Offers and Promotion

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

Compare HDFC Sky vs GCL Securities on Special Offers and Promotion
  HDFC Sky GCL Securities
Pay In and Pay Out Options HDFC Sky vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time HDFC Sky vs GCL Securities - Payout Time Instant to HDFC Bank. Info Not Available
Bank Supported and Charges HDFC Sky vs GCL Securities - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your HDFC bank account. Info Not Available
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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
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Last Updated on 2023-11-09T03:39:28+00:00