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IDBI Direct 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 IDBI Direct ranges between 0.02% to 0.20% while the brokerage of GCL Securities ranges between .01 to 0.1%. Both the brokers are Full Service brokers. IDBI Direct is having overall higher rating compare to GCL Securities. IDBI Direct is rated 3.5 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for IDBI Direct is 55,285 where number of active customer for GCL Securities is . IDBI Direct is serving more customer compare to GCL Securities.

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

  IDBI Direct Compare
IDBI Direct
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 55,285
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs GCL Securities on Trading & Demat Account Opening Charges

Comparison of IDBI Direct 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 - IDBI Direct charges Rs 350 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 IDBI Direct with GCL Securities
Charges IDBI Direct GCL Securities
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs GCL Securities on Plan Options

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

Account Opening

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Brokerage Charges

Compare IDBI Direct vs GCL Securities on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with GCL Securities
Brokerage Charges Compare IDBI Direct GCL Securities
Plan Name Flat Brokerage PLan Basic Trading Plan (Percentage Based)
Equity Delivery 0.20% 0.1% or 10 paisa
Equity Intraday 0.02% 0.01% or 1 paisa
Equity Futures Flat Rs 15 per order 0.01% or 1 paisa
Equity Options Flat Rs 15 per order Rs 25 Per Lot
Currency Futures Flat Rs 15 per order 0.01% or 1 paisa
Currency Options Flat Rs 15 per order Rs 25 Per Lot
Commodity Trading NA 0.01% or 1 paisa
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare IDBI Direct vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with GCL Securities
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for gclsecurities
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Account Features

Compare IDBI Direct vs GCL Securities on Account Features

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

Account Features - IDBI Direct with GCL Securities
Account Features Compare IDBI Direct GCL Securities
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 No 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 IDBI Direct vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with GCL Securities
Trading Platform Compare IDBI Direct GCL Securities
Desktop Trading Platform Infinity 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.idbicapital.com/ https://www.gclbroking.com
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App GCL On Time
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod GCL On Time Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare IDBI Direct vs GCL Securities on User Rating

  IDBI Direct GCL Securities
  31 Customer Reviews    Rate IDBI Direct 1 Customer Reviews    Rate GCL Securities
Fees Ratings 3.0 5.0
Trading Brokerage Rating 2.5 5.0
Trading Platform Usability 2.6 4.0
Customer Service Ratings 2.7 4.0
Overall Ratings 2.7 4.0
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare IDBI Direct vs GCL Securities on Investment Offerings

Compare IDBI Direct 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 - GCL Securities offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with GCL Securities
Investment Offerings Compare IDBI Direct GCL Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No 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 IDBI Direct vs GCL Securities on Order Types

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

Order Types - Compare IDBI Direct with GCL Securities
Order Type Compare IDBI Direct 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 Yes No
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Customer Service Offered

Compare IDBI Direct vs GCL Securities on Customer Service

Compare IDBI Direct 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 IDBI Direct with GCL Securities
Customer Service Compare IDBI Direct GCL Securities
24/7 Customer Service IDBI Direct vs GCL Securities - 24x7 customer support No No
Email Support IDBI Direct vs GCL Securities - Email Support Yes Yes
Onine Live Chat IDBI Direct vs GCL Securities - Onine Live Chat No No
Phone Support IDBI Direct vs GCL Securities - Phone Support Yes Yes
Toll Free Number IDBI Direct vs GCL Securities - Toll Free Number Yes No
Through Branches IDBI Direct vs GCL Securities - Through Branches Yes Yes
Customer Care Number IDBI Direct vs GCL Securities - Customer Care Number 022-3913 5001 Info Not Available
Account Opening Process IDBI Direct vs GCL Securities - Account Opening Process Info Not Available Info Not Available
Customer Support Email IDBI Direct vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education IDBI Direct vs GCL Securities - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address IDBI Direct vs GCL Securities - Head Office Address/Corporate Address Info Not Available Info Not Available
Website IDBI Direct vs GCL Securities - Company Website https://www.idbidirect.in/ Info Not Available
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Tips/Research/Reports Published

Compare IDBI Direct vs GCL Securities on Research Reports, Tips

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

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

Compare IDBI Direct vs GCL Securities on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with GCL Securities
  IDBI Direct GCL Securities
DP Source CDSL CDSL
DP ID IDBI Direct vs GCL Securities - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹300 pa
Advance Deposit NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹11
Demat ₹5 per certificate + ₹30 courier charges ₹10 per certificate + ₹30 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges Actual CDSL charges + ₹30 request charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹25 per transaction
Pledge Creation Confirmation Nil ₹25 per transaction
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹25 per transaction
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher ₹25 per transaction
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs GCL Securities on Special Offers and Promotion

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

Compare IDBI Direct vs GCL Securities on Special Offers and Promotion
  IDBI Direct GCL Securities
Pay In and Pay Out Options IDBI Direct vs GCL Securities - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time IDBI Direct vs GCL Securities - Payout Time Info Not Available Info Not Available
Bank Supported and Charges IDBI Direct vs GCL Securities - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00