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Paytm Money 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 Paytm Money Max Rs 20 per trade while the brokerage of GCL Securities ranges between .01 to 0.1%. Paytm Money is a Discount Broker where GCL Securities is a Full Service Broker. Paytm Money is having overall higher rating compare to GCL Securities. Paytm Money is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for Paytm Money is 8,14,342 where number of active customer for GCL Securities is . Paytm Money is serving more customer compare to GCL Securities.

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

  Paytm Money Compare
Paytm Money
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 NSE, BSE
Active Clients 8,14,342
Broker Overview In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ... Know more about Paytm Money 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 Paytm Money Request call back from Zerodha
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Account Opening Charges and AMC

Compare Paytm Money vs GCL Securities on Trading & Demat Account Opening Charges

Comparison of Paytm Money 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 - Paytm Money offer Free AMC for Demat account where GCL Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Paytm Money with GCL Securities
Charges Paytm Money GCL Securities
Trading Account Opening Fees Free Free
Trading AMC Rs 30 per month (Platform fees) Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Paytm Money vs GCL Securities on Plan Options

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

Account Opening

  Paytm Money Zerodha
Account Opening Request
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Brokerage Charges

Compare Paytm Money vs GCL Securities on Brokerage Charges

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

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 Paytm Money with GCL Securities
Brokerage Charges Compare Paytm Money GCL Securities
Plan Name Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower 0.1% or 10 paisa
Equity Intraday 0.05% or Rs 20 whichever is lower 0.01% or 1 paisa
Equity Futures 0.02% or Rs 20 whichever is lower 0.01% or 1 paisa
Equity Options Flat Fee Rs 20 Rs 25 Per Lot
Currency Futures NA 0.01% or 1 paisa
Currency Options NA Rs 25 Per Lot
Commodity Trading NA 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 100/order +GST NA
Auto Square off Charges Rs 50/order + GST NA
Brokerage Calculator Brokerage Calculator for Paytm Money Brokerage Calculator for GCL Securities
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Share Broker's Transaction Charges

Compare Paytm Money vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare Paytm Money with GCL Securities
Transaction Charges Compare Paytm Money 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 paytm-money Complete Brokerage Plans for gclsecurities
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Account Features

Compare Paytm Money vs GCL Securities on Account Features

Compare Paytm Money 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 - Both broker dont have a margin funding facility. NRI Trading - GCL Securities offers NRI where Paytm Money doesn't offers NRI Trading.

Account Features - Paytm Money with GCL Securities
Account Features Compare Paytm Money GCL Securities
3 in 1 Account No Paytm Money have 2-in-1 account. Only Demate and Trading account. No Paytm Money have 2-in-1 account. Only Demate and Trading account.
Charting Yes No
Algo Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:00 PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Paytm Money vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Paytm Money 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 Paytm Money with GCL Securities
Trading Platform Compare Paytm Money GCL Securities
Desktop Trading Platform Paytm Money ODIN
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Paytm Money Web https://www.gclbroking.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Paytm Money App GCL On Time
Mobile Trading App Demo Paytm Money App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Paytm Money App Download Andriod GCL On Time Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Paytm Money App Download iOS GCL On Time Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Rs. 30 per month Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Paytm Money Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Paytm Money Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for Paytm Money Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for paytm-money Detail on Trading Platforms for gclsecurities

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Broker Ratings by Users

Compare Paytm Money vs GCL Securities on User Rating

  Paytm Money GCL Securities
  5 Customer Reviews    Rate Paytm Money 1 Customer Reviews    Rate GCL Securities
Fees Ratings 3.2 5.0
Trading Brokerage Rating 3.8 5.0
Trading Platform Usability 3.0 4.0
Customer Service Ratings 3.0 4.0
Overall Ratings 3.4 4.0
Broker Rating Paytm Money is Rated 3.4 / 5 based on 5 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Paytm Money vs GCL Securities on Investment Offerings

Compare Paytm Money 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 Paytm Money 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 Paytm Money with GCL Securities
Investment Offerings Compare Paytm Money GCL Securities
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No 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 Paytm Money vs GCL Securities on Order Types

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

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

Compare Paytm Money 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 Paytm Money with GCL Securities
Customer Service Compare Paytm Money GCL Securities
24/7 Customer Service Paytm Money vs GCL Securities - 24x7 customer support No No
Email Support Paytm Money vs GCL Securities - Email Support Yes Yes
Onine Live Chat Paytm Money vs GCL Securities - Onine Live Chat No No
Phone Support Paytm Money vs GCL Securities - Phone Support No Yes
Toll Free Number Paytm Money vs GCL Securities - Toll Free Number No No
Through Branches Paytm Money vs GCL Securities - Through Branches No Yes
Customer Care Number Paytm Money vs GCL Securities - Customer Care Number Info Not Available Info Not Available
Account Opening Process Paytm Money vs GCL Securities - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Paytm Money vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Paytm Money vs GCL Securities - Knowledge Center/Education https://www.paytmmoney.com/care Info Not Available
Head Office Address Paytm Money vs GCL Securities - Head Office Address/Corporate Address Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Info Not Available
Website Paytm Money vs GCL Securities - Company Website https://www.paytmmoney.com/ Info Not Available
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Tips/Research/Reports Published

Compare Paytm Money vs GCL Securities on Research Reports, Tips

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

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

Compare Paytm Money vs GCL Securities on Demat Account

Compare Paytm Money 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 Paytm Money is Zero.

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 Paytm Money is ₹10 per ISIN 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 Paytm Money with GCL Securities
  Paytm Money GCL Securities
DP Source CDSL CDSL
DP ID Paytm Money vs GCL Securities - DP ID 12088800 No
Demat Account Annual Maintenance Charges(AMC) Zero ₹300 pa
Advance Deposit Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 per ISIN ₹11
Demat ₹250 per 100 shares ₹10 per certificate + ₹30 courier charges
Remat ₹250 per 100 shares Actual CDSL charges + ₹30 request charges
Pledge Creation ₹32 per ISIN ₹25 per transaction
Pledge Creation Confirmation Nil ₹25 per transaction
Pledge Closure ₹32 per ISIN ₹25 per transaction
Pledge Closure Confirmation Nil ₹25 per transaction
Pledge Invocation ₹32 per ISIN ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Paytm Money vs GCL Securities on Special Offers and Promotion

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

Compare Paytm Money vs GCL Securities on Special Offers and Promotion
  Paytm Money GCL Securities
Pay In and Pay Out Options Paytm Money vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Paytm Money vs GCL Securities - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Paytm Money vs GCL Securities - Bank Supported and Charges Paytm Money allows 190+ Banks. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

Detail Review...

Detail Review...

Dislikes
  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

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 Paytm Money Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-12-22T00:01:54+00:00