GCL Securities Review 2019

Rated 3/5 by Top Share Brokers Team
GCL Securities Pvt Ltd Review

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Jaipur, (Raj) based GCL Securities  Private Limited is part of GCL Financial group of companies allowing trading and investment in equity shares, derivatives (futures & options), currency, commodity, mutual funds & IPOs in India Stock Market by having membership in NSE, BSE, MCX, NCDEX. The brokerage house is run by team of experts in the capital market from long time.

On product and services, they have their own DP service registered with CDSL. The broker offers currency trading on both stock exchanges NSE and BSE.

Commodity Services are offered through Ganganagar Commodities Limited. You are allowed to choose from several customized / multiple brokerage plans to suit your commodity trading needs. GCL provides customized end to end solutions in commodity management like procurement,physical delivery of all commodities, commodity financing on WR’s and hedging advantage with trading facilities.

GCL offers a complete range of insurance solutions covering both Life and General Insurance.

They offer wide spectrum of investment schemes from top mutual fund houses.You can do SIP (Systematic Investment Plan) Investment in Mutual Funds with GCL.They also provide recommendations based on in-depth research, mutual fund performance & mutual fund ratings to help you meet your investment goals.

The broker also offer free investment workshops to gain knowledge on investment basics.

On customer services, GCL branches are staffed with dedicated financial experts to offer personal financial services for all your investment needs. Customer support is available through email, online helpdesk, phone call and also can be approached personally at any local branch for account opening and getting help with any investment needs. The branches are available in Ganganagar and Jaipur (Raj) and Ahmedabad and Mehsana (Guj) and Delhi.

Review Summary

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 platforms to its clients including Retail and High Net worth.


Benefits

  • All investment options-Equities, F & O, Currencies, Commodity, IPO, Mutual Funds.
  • Free call and trade.
  • Recommendations on Mutual Fund.
  • Free trading and demat account opening with zero maintenance fee.
  • Low brokerage.
  • Branches available with dedicated financial experts.

Considerations

  • Not transparent in brokerage charges and other fees.
  • Trading on BSE is not available on Mobile App.
  • Research available only for mutual fund.

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GCL Securities Investment Options Compare

Here we are comparing GCL Securities with its 5 close competitors on investment options.

Broker GCL Securities Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

GCL Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

GCL Securities Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA

GCL Securities Brokerage

GCL Securities offer trading and demat account both free.  AMC for both the accounts is also nil. You must have Demat account(compulsory) with GCL Securities along with trading account.

 GCL Securities brokerage plan is lowest in the Industry. The broker charges .10% for trading in equity cash, .01% for trading in Intraday and Future. Option trading can be done at Rs 25 per lot.

The equity delivery brokerage of .10% is significantly less expensive than all the big brokers, such as ICICIDirect, Sharekhan, HDFC Securities, Kotak Securities etc.

For equity Intraday and future traders, the brokerage rate of .01% is very less expensive that cannot be overlooked. It’s the cheapest in the full service Broker Industry.

Option Trading @ Rs 25 per lot with GCL Securities is also competitive.

Commodity trading can be done at .01%. Same for currency future @ .01%

Currency Option trading can be done @ Rs 10.

The brokerage is not disclosed online, they want you to approach them personally for any brokerage related queries.

 

GCL Securities Account Charges

  • Trading Account Opening Charges (One Time): Nil
  • Demat account Opening Charges (One Time): Nil
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Nil

For complete brokerage charges and trading plans detail please visit GCL Securities Brokerage Charges.

GCL Securities with closest competitors

Here we are comparing GCL Securities with its 5 close competitors, who are currently market leader in brokerage industry.

Broker GCL Securities Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .01 to 0.1% 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.1% or 10 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 25 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 25 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate GCL Securities Brokerage Calculator


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GCL Securities Trading Platform and Tools

Trading Platforms Rated 3/5

    GCL securities offer web based, software based and mobile App based trading platforms at no additional fee.  The web based and desktop based software is through ODIN.

    ODIN CLIENT: This fully functional trading terminal  is a light-weight easily downloadable application which facilitates efficient trading and incorporates many appealing features required by active clients.

    ODIN Web : The website based trading  is platform independent and accessible through any web browser and from any computer connected to internet. The easy to use website has all  critical features an investor need to trade in stock market. 

    Gcl e-lite Trader :GCL Securities offer a simple, secure & hassle free Mobile Trading App Gcl e-lite Trader  for trading across equity, derivatives, currency and commodity on  NSE, NCDEX & MCX. The app is only for Android phones. Trading on BSE is not available through mobile app.

    Apart from trade execution, the other features  are:

    Live streaming quotes – commodities, stocks and indices.
     Multi-exchange streaming watch- list & quotes.
     List and grid view market watch.
     Create up to 4 multi-asset watch lists updated with live data.

    For detail review of mobile app and download please visit GCL Securities Trading Platform Review.

GCL Securities Trading Platform Compare

Here we are comparing GCL Securities with its 5 close competitors on Trading Platform.

Broker GCL Securities Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) No Yes Yes Yes No
iPad App No Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about GCL Securities

Rated 3/5 by 20 users

The brokerage looks fair and low but in this competitive market the broker needs to be proactive and should bring new tools and value added services to attract the tech savvy customers. The Broker’s personal financial services through a dedicated team of relationship managers and dealers is a plus and can be seen as a factor to choose them.

At no account opening charges and zero AMC, you can definitely give GCL a try for your trading and other investment needs.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

Last updated on 2019-06-27


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GCL Securities Pvt Ltd User Reviews

avatar
2. Ravi Singhal 4/4/2018 12:42:10 PM Reply
Company is always working in client''s favor.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
1. Umesh Shelke 3/20/2018 10:52:30 PM Reply
Like

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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