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Motilal Oswal Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where GCL Securities offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal 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. Motilal Oswal is having overall higher rating compare to GCL Securities. Motilal Oswal is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for Motilal Oswal is 8,74,230 where number of active customer for GCL Securities is . Motilal Oswal is serving more customer compare to GCL Securities.

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

  Motilal Oswal Compare
Motilal Oswal
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 8,74,230
Broker Overview Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. 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 Motilal Oswal vs GCL Securities on Trading & Demat Account Opening Charges

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

Compare Motilal Oswal vs GCL Securities on Plan Options

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

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency 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 Motilal Oswal with GCL Securities
Brokerage Charges Compare Motilal Oswal GCL Securities
Plan Name Default 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 0.02% 0.01% or 1 paisa
Equity Options Rs 20 per lot Rs 25 Per Lot
Currency Futures Rs 20 per lot 0.01% or 1 paisa
Currency Options Rs 20 per lot Rs 25 Per Lot
Commodity Trading Futures: 0.02%| Options: Rs 200 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 NA NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare Motilal Oswal vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with GCL Securities
Transaction Charges Compare Motilal Oswal 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 motilal-oswal Complete Brokerage Plans for gclsecurities
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Account Features

Compare Motilal Oswal vs GCL Securities on Account Features

Compare Motilal Oswal 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 - both doesn't offers Algo trading. Margin Funding - Motilal Oswal offers a margin funding where GCL Securities doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Motilal Oswal with GCL Securities
Account Features Compare Motilal Oswal GCL Securities
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal 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 Motilal Oswal vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal 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 Motilal Oswal with GCL Securities
Trading Platform Compare Motilal Oswal GCL Securities
Desktop Trading Platform Orion Lite 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://power.motilaloswal.com/MOSL/userMaster/login https://www.gclbroking.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader GCL On Time
Mobile Trading App Demo MO Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod GCL On Time Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MO Trader 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 Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare Motilal Oswal vs GCL Securities on User Rating

  Motilal Oswal GCL Securities
  57 Customer Reviews    Rate Motilal Oswal 1 Customer Reviews    Rate GCL Securities
Fees Ratings 3.2 5.0
Trading Brokerage Rating 2.6 5.0
Trading Platform Usability 3.2 4.0
Customer Service Ratings 3.0 4.0
Overall Ratings 3.0 4.0
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Motilal Oswal vs GCL Securities on Investment Offerings

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

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

Compare Motilal Oswal vs GCL Securities on Order Types

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

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

Compare Motilal Oswal 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 Motilal Oswal with GCL Securities
Customer Service Compare Motilal Oswal GCL Securities
24/7 Customer Service Motilal Oswal vs GCL Securities - 24x7 customer support No No
Email Support Motilal Oswal vs GCL Securities - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs GCL Securities - Onine Live Chat No No
Phone Support Motilal Oswal vs GCL Securities - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs GCL Securities - Toll Free Number No No
Through Branches Motilal Oswal vs GCL Securities - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs GCL Securities - Customer Care Number 022 40548000/022 67490600 Info Not Available
Account Opening Process Motilal Oswal vs GCL Securities - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Motilal Oswal vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Motilal Oswal vs GCL Securities - Knowledge Center/Education https://edumo.motilaloswal.com/ Info Not Available
Head Office Address Motilal Oswal vs GCL Securities - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Info Not Available
Website Motilal Oswal vs GCL Securities - Company Website https://www.motilaloswal.com/ Info Not Available
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Tips/Research/Reports Published

Compare Motilal Oswal vs GCL Securities on Research Reports, Tips

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

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

Compare Motilal Oswal vs GCL Securities on Demat Account

Compare Motilal Oswal 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 Motilal Oswal is ₹400 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 Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 Motilal Oswal with GCL Securities
  Motilal Oswal GCL Securities
DP Source CDSL CDSL
DP ID Motilal Oswal vs GCL Securities - DP ID 10900 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
Advance Deposit NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹11
Demat ₹50 per certificate + ₹50 courier charges ₹10 per certificate + ₹30 courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges Actual CDSL charges + ₹30 request charges
Pledge Creation ₹35 ₹25 per transaction
Pledge Creation Confirmation Nil ₹25 per transaction
Pledge Closure ₹35 ₹25 per transaction
Pledge Closure Confirmation Nil ₹25 per transaction
Pledge Invocation ₹35 ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs GCL Securities on Special Offers and Promotion

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

Compare Motilal Oswal vs GCL Securities on Special Offers and Promotion
  Motilal Oswal GCL Securities
Pay In and Pay Out Options Motilal Oswal vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Motilal Oswal vs GCL Securities - Payout Time Max 24 hrs except bank holidays. Info Not Available
Bank Supported and Charges Motilal Oswal vs GCL Securities - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes

There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

Detail Review...

Dislikes

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

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 Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin)
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Last Updated on 2023-09-14T05:03:12+00:00