GCL Securities Brokerage and Demat Account Review 2019

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

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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.

Our independent review of GCL Securities

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.

Why to choose GCL Securities as your stock broker?

  • 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.
LikesWhat we like about GCL Securities

  • Free call and trade facility.
  • Own DP service.
  • Dedicated team of Relationship Managers and Dealers.
  • End to end solutions for commodity trading.

DislikesWhat we dislike about GCL Securities

  • 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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What are the Investments Options available with GCL Securities?

GCL Securities - Equity Cash and F&O
Yes
GCL Securities - Currency F&O
Yes
GCL Securities - Commodity Trading
Yes
GCL Securities - Mutual Funds
Yes
GCL Securities - ETF
Yes
GCL Securities - Online IPO
No
GCL Securities - Bonds Investment
Yes
GCL Securities - Debt Investment
Yes
GCL Securities - Banking Service
No
GCL Securities - Insurance Service
No
GCL Securities - MF SIP Investment
No

How is 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 .01 to 0.1% 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No No
Rating

Please refer unique and accurate GCL Securities Brokerage Calculator

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GCL Securities Brokerage Plans Review - 2019

Brokerage and Commission Rated 3/5

    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

GCL Securities Brokerage Charges - Basic Trading Plan (Percentage Based)

Brokerage Plan Basic Trading Plan (Percentage Based)
Flat Fee NA
Equity Delivery 0.1% or 10 paisa
Equity Intraday 0.01% or 1 paisa
Equity Futures 0.01% or 1 paisa
Equity Options Rs 25 Per Lot
Currency Futures 0.01% or 1 paisa
Currency Options Rs 25 Per Lot
Commodity 0.01% or 1 paisa

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

What are the various Product and Services offered by GCL Securities?

Product & Services Rated 3/5
GCL Securities - 3 in 1 Account
No
GCL Securities - Multiple Plans
No
GCL Securities - Monthly Plan
No
GCL Securities - Yearly Plan
No
GCL Securities - Portfolio
Yes
GCL Securities - Charting
No
GCL Securities - Automated Trading
No
GCL Securities - AMO Order
No
GCL Securities - Allow GTC Order
No
GCL Securities - SMS Alerts
Yes
GCL Securities - Margin Trade Funding
No
Combined Ledger for Equity and Commodity
No
GCL Securities - NRI Trading
Yes

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What are the Customer Support options availabel with GCL Securities?

Customer Support Rated 3/5
GCL Securities - Phone Support
Yes
GCL Securities - Toll Free Number
No
GCL Securities - Email Support
Yes
GCL Securities - Branch Offices
Yes
GCL Securities - Live Chat
No
GCL Securities - 24/7 Support
No

What are the trading platform offered by GCL Securities?

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.

What are the Trading Platforms & Tools Options available with GCL Securities?

GCL Securities - Desktop Platform (Windows)
Yes
GCL Securities - Desktop Platform (Mac)
No
GCL Securities - Web Platform
Yes
GCL Securities - Stock Alerts via Email
Yes
GCL Securities - Stock Alerts via SMS
Yes
GCL Securities - Virtual Trading
No
GCL Securities - Watch-lists, streaming real-time quotes
No
GCL Securities - Mobile App
Yes
GCL Securities - Android Tablet App
Yes
GCL Securities - Android App
Yes
GCL Securities - iPhone App
No
GCL Securities - iPad App
No
GCL Securities - Mobile Trading Site
Yes

GCL Securities Membership Information

  • GCL Securities SEBI registration-INZ000004036
  • GCL Securities NSE - 90046
  • GCL Securities BSE - 6605
  • GCL Securities MCX - 40355
  • GCL Securities NCDEX - 00471
  • GCL Securities CSDL/NSDL - 82400
  • Corporate Address:

    • Commodity:
      • 15, National Highway, Opp. S.D. College, Sri Ganganagar (Raj)-335001
    • Equity :
      • 3rd Floor, Raghukul Tower, Khatipura T-Point, Sirsi Road, Jaipur (Raj.)-302021

    Registered Address:

    • Commodity :
      • 424, 4th Floor , City Center, The Mall, KANPUR (UP)-208001
    • Equity:
      • 64 HSIDC, Kundli, Sonepat, Haryana 1310

Final thought about GCL Securities

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.

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GCL Securities Pvt Ltd User Reviews

avatar
2. Ravi Singhal  Apr 4, 2018 11:42:10 AM IST 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  Mar 20, 2018 9:52:30 PM IST Reply
Like

Ratings:

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

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