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Kotak Securities Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI. Kotak Securities offers investmenet in Equity, F&O, Currency and Commodities, where GCL Securities offers investment in Equity, F&O and Currency only. The brokerage of Kotak Securities ranges between Rs. 20 per order while the brokerage of GCL Securities ranges between .01 to 0.1%. Both the brokers are Full Service brokers. Kotak Securities is having overall higher rating compare to GCL Securities. Kotak Securities is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for Kotak Securities is 11,79,674 where number of active customer for GCL Securities is . Kotak Securities is serving more customer compare to GCL Securities.

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

  Kotak Securities Compare
Kotak Securities
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? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 11,79,674
Broker Overview Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... Know more about Kotak Securities 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 Kotak Securities Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Kotak Securities with GCL Securities on trading & demat account opening charges and AMC. Trading account opening charges - GCL Securities offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - Kotak Securities charges Rs 600 PA AMC for Demat account where GCL Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with GCL Securities
Charges Kotak Securities GCL Securities
Trading Account Opening Fees Rs 99 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs GCL Securities on Plan Options

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

Compare Kotak Securities with GCL Securities on Plan Options
Plan Types Kotak Securities GCL Securities
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Kotak Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs GCL Securities on Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

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 Kotak Securities with GCL Securities
Brokerage Charges Compare Kotak Securities GCL Securities
Plan Name Kotak Securities Trade Free Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.25% 0.1% or 10 paisa
Equity Intraday Free 0.01% or 1 paisa
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.01% or 1 paisa
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Rs 25 Per Lot
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.01% or 1 paisa
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Rs 25 Per Lot
Commodity Trading Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.01% or 1 paisa
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No Info Not Available
Funding 12.49% interest PA Info Not Available
Call & Trade Charges 20 calls free and after that Rs 20 per call NA
Auto Square off Charges 20 calls free and after that Rs 20 per call NA
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare Kotak Securities vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare Kotak Securities with GCL Securities
Transaction Charges Compare Kotak Securities 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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 310 Per Cr | Agri: Rs 225 Per Cr
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for gclsecurities
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Account Features

Compare Kotak Securities vs GCL Securities on Account Features

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

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

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities 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 Kotak Securities with GCL Securities
Trading Platform Compare Kotak Securities GCL Securities
Desktop Trading Platform Neo 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://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat https://www.gclbroking.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Neo GCL On Time
Mobile Trading App Demo Kotak Neo Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Kotak Neo Download Andriod GCL On Time Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Kotak Neo 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 Kotak Securities Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare Kotak Securities vs GCL Securities on User Rating

  Kotak Securities GCL Securities
  82 Customer Reviews    Rate Kotak Securities 1 Customer Reviews    Rate GCL Securities
Fees Ratings 2.6 5.0
Trading Brokerage Rating 2.7 5.0
Trading Platform Usability 3.2 4.0
Customer Service Ratings 3.1 4.0
Overall Ratings 2.8 4.0
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Kotak Securities vs GCL Securities on Investment Offerings

Compare Kotak Securities 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) - Kotak Securities provide PMS Service where GCL Securities doesn't offer

Investment Offerings - Compare Kotak Securities with GCL Securities
Investment Offerings Compare Kotak Securities 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 Yes No
Other Investment Options NIL Loans
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Order Types

Compare Kotak Securities vs GCL Securities on Order Types

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

Order Types - Compare Kotak Securities with GCL Securities
Order Type Compare Kotak Securities 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 Kotak Securities vs GCL Securities on Customer Service

Compare Kotak Securities 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 Kotak Securities with GCL Securities
Customer Service Compare Kotak Securities GCL Securities
24/7 Customer Service Kotak Securities vs GCL Securities - 24x7 customer support No No
Email Support Kotak Securities vs GCL Securities - Email Support Yes Yes
Onine Live Chat Kotak Securities vs GCL Securities - Onine Live Chat Yes No
Phone Support Kotak Securities vs GCL Securities - Phone Support Yes Yes
Toll Free Number Kotak Securities vs GCL Securities - Toll Free Number Yes No
Through Branches Kotak Securities vs GCL Securities - Through Branches Yes Yes
Customer Care Number Kotak Securities vs GCL Securities - Customer Care Number 1800 209 9191 Info Not Available
Account Opening Process Kotak Securities vs GCL Securities - Account Opening Process Online Info Not Available
Customer Support Email Kotak Securities vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Kotak Securities vs GCL Securities - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank Info Not Available
Head Office Address Kotak Securities vs GCL Securities - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Info Not Available
Website Kotak Securities vs GCL Securities - Company Website https://www.kotaksecurities.com Info Not Available
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Tips/Research/Reports Published

Compare Kotak Securities vs GCL Securities on Research Reports, Tips

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

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

Compare Kotak Securities vs GCL Securities on Demat Account

Compare Kotak Securities 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 Kotak Securities is ₹780 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 Kotak Securities is 0.04% (Min ₹27) + 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 Kotak Securities with GCL Securities
  Kotak Securities GCL Securities
DP Source CDSL CDSL
DP ID Kotak Securities vs GCL Securities - DP ID 49200 No
Demat Account Annual Maintenance Charges(AMC) ₹780 pa ₹300 pa
Advance Deposit NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹11
Demat ₹3 per certificate + ₹50 courier charges ₹10 per certificate + ₹30 courier charges
Remat ₹10 for every hundred securities (Min ₹15) Actual CDSL charges + ₹30 request charges
Pledge Creation 0.05% of transaction value (Min ₹30) ₹25 per transaction
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) ₹25 per transaction
Pledge Closure 0.05% of transaction value (Min ₹30) ₹25 per transaction
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) ₹25 per transaction
Pledge Invocation 0.05% of transaction value (Min ₹30) ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs GCL Securities on Special Offers and Promotion

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

Compare Kotak Securities vs GCL Securities on Special Offers and Promotion
  Kotak Securities GCL Securities
Pay In and Pay Out Options Kotak Securities vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time Kotak Securities vs GCL Securities - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Info Not Available
Bank Supported and Charges Kotak Securities vs GCL Securities - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Info Not Available
Bank Detail Direct from your Kotak Mahindra bank account. Info Not Available
Likes
  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

Detail Review...

Dislikes
  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

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
Enquiry Open Kotak Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-02-17T05:10:46+00:00