FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

TradeSmart Vs GCL Securities: Which one is better?

Both the brokers are registered with SEBI. TradeSmart offers investmenet in Equity, F&O, Currency and Commodities, where GCL Securities offers investment in Equity, F&O and Currency only. The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of GCL Securities ranges between .01 to 0.1%. TradeSmart is a Discount Broker where GCL Securities is a Full Service Broker. TradeSmart is having overall higher rating compare to GCL Securities. TradeSmart is rated 4 out of 5 where GCL Securities is rated only 3 out of 5. Number of active customer for TradeSmart is 29,627 where number of active customer for GCL Securities is . TradeSmart is serving more customer compare to GCL Securities.

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

  TradeSmart Compare
TradeSmart
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? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 29,627
Broker Overview Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support. 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
Expand

Account Opening Charges and AMC

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

Comparison of TradeSmart with GCL Securities on trading & demat account opening charges and AMC. Trading account opening charges - GCL Securities offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - TradeSmart charges Rs 300 PA AMC for Demat account where GCL Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart with GCL Securities
Charges TradeSmart GCL Securities
Trading Account Opening Fees Rs 200 Free
Trading AMC Free Free
Demat Account Opening Fees Rs 200 Free
Demat AMC Rs 300 PA Rs 400 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare TradeSmart vs GCL Securities on Plan Options

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

Compare TradeSmart with GCL Securities on Plan Options
Plan Types TradeSmart GCL Securities
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare TradeSmart vs GCL Securities on Brokerage Charges

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

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 TradeSmart with GCL Securities
Brokerage Charges Compare TradeSmart GCL Securities
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Basic Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 15 0.1% or 10 paisa
Equity Intraday Flat Fee Rs 15 0.01% or 1 paisa
Equity Futures Flat Fee Rs 15 0.01% or 1 paisa
Equity Options Flat Fee Rs 15 Rs 25 Per Lot
Currency Futures Flat Fee Rs 15 0.01% or 1 paisa
Currency Options Flat Fee Rs 15 Rs 25 Per Lot
Commodity Trading Flat Fee Rs 15 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Info Not Available
Call & Trade Charges Rs 20 per executed Order NA
Auto Square off Charges Rs 20 per executed Order NA
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for GCL Securities
Expand

Share Broker's Transaction Charges

Compare TradeSmart vs GCL Securities on Transaction Charges

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

Transaction Charges - Compare TradeSmart with GCL Securities
Transaction Charges Compare TradeSmart 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 trade-smart-online Complete Brokerage Plans for gclsecurities
Expand

Account Features

Compare TradeSmart vs GCL Securities on Account Features

Compare TradeSmart 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 - TradeSmart offers Algo Trading where GCL Securities doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - GCL Securities offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - TradeSmart with GCL Securities
Account Features Compare TradeSmart GCL Securities
3 in 1 Account No TradeSmart have 2-in-1 account. Only Demate and Trading account. No TradeSmart have 2-in-1 account. Only Demate and Trading account.
Charting Yes No
Algo Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:00 PM
NRI Trading No Yes
Other Features NIL NIL
Expand

Trading Platform

Compare TradeSmart vs GCL Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart 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 TradeSmart with GCL Securities
Trading Platform Compare TradeSmart GCL Securities
Desktop Trading Platform NEST Trader & Fox Trader 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://sine.tradesmartonline.in/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 Sine GCL On Time
Mobile Trading App Demo Sine Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod GCL On Time Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sine 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 TradeSmart Equity Intraday and Delivery Brokerage Calculator for GCL Securities
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for GCL Securities
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for GCL Securities
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for gclsecurities

Expand

Broker Ratings by Users

Compare TradeSmart vs GCL Securities on User Rating

  TradeSmart GCL Securities
  34 Customer Reviews    Rate TradeSmart 1 Customer Reviews    Rate GCL Securities
Fees Ratings 3.9 5.0
Trading Brokerage Rating 4.4 5.0
Trading Platform Usability 3.7 4.0
Customer Service Ratings 4.0 4.0
Overall Ratings 4.0 4.0
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews GCL Securities is Rated 4.0 / 5 based on 1 customer reviews
Expand

Investment Offerings

Compare TradeSmart vs GCL Securities on Investment Offerings

Compare TradeSmart 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 - GCL Securities offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Order Types

Compare TradeSmart vs GCL Securities on Order Types

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

Order Types - Compare TradeSmart with GCL Securities
Order Type Compare TradeSmart 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 No No
Expand

Customer Service Offered

Compare TradeSmart vs GCL Securities on Customer Service

Compare TradeSmart 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 TradeSmart with GCL Securities
Customer Service Compare TradeSmart GCL Securities
24/7 Customer Service TradeSmart vs GCL Securities - 24x7 customer support No No
Email Support TradeSmart vs GCL Securities - Email Support Yes Yes
Onine Live Chat TradeSmart vs GCL Securities - Onine Live Chat Yes No
Phone Support TradeSmart vs GCL Securities - Phone Support Yes Yes
Toll Free Number TradeSmart vs GCL Securities - Toll Free Number No No
Through Branches TradeSmart vs GCL Securities - Through Branches No Yes
Customer Care Number TradeSmart vs GCL Securities - Customer Care Number 022 61208000 Info Not Available
Account Opening Process TradeSmart vs GCL Securities - Account Opening Process Online/Paperless Info Not Available
Customer Support Email TradeSmart vs GCL Securities - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education TradeSmart vs GCL Securities - Knowledge Center/Education https://help.tradesmartonline.in/ Info Not Available
Head Office Address TradeSmart vs GCL Securities - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Info Not Available
Website TradeSmart vs GCL Securities - Company Website https://tradesmartonline.in/ Info Not Available
Expand

Tips/Research/Reports Published

Compare TradeSmart vs GCL Securities on Research Reports, Tips

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

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

Demat Account

Compare TradeSmart vs GCL Securities on Demat Account

Compare TradeSmart 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 TradeSmart is ₹300 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 TradeSmart is ₹25 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 TradeSmart with GCL Securities
  TradeSmart GCL Securities
DP Source CDSL CDSL
DP ID TradeSmart vs GCL Securities - DP ID 30400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹300 pa
Advance Deposit NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹11
Demat ₹500 per certificate (Min ₹500 per request) ₹10 per certificate + ₹30 courier charges
Remat ₹500 per certificate (Min ₹500 per request) Actual CDSL charges + ₹30 request charges
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹25 per transaction
Pledge Creation Confirmation Nil ₹25 per transaction
Pledge Closure ₹200 per script ₹25 per transaction
Pledge Closure Confirmation Nil ₹25 per transaction
Pledge Invocation ₹200 per script ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare TradeSmart vs GCL Securities on Special Offers and Promotion

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

Compare TradeSmart vs GCL Securities on Special Offers and Promotion
  TradeSmart GCL Securities
Pay In and Pay Out Options TradeSmart vs GCL Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time TradeSmart vs GCL Securities - Payout Time Up to 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges TradeSmart vs GCL Securities - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Info Not Available
Bank Detail VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Info Not Available
Likes

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

Detail Review...

Detail Review...

Dislikes

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

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 Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-01T03:17:59+00:00