GCL Securities Review
GCL Securities Ltd is India’s one of the oldest full-service stockbroker. GCL Securities Review started offering financial services in the year 1994. GCL Securities managed to hold the position of India’s trustworthy financial service provided by its services and offerings.
Mr. Tilak Raj Sharma is the chief founder of the brokerage firm and set up its very first headquarters in the city Kanpur, Uttar Pradesh.
They registered their first small entrepreneurial set up in Kanpur itself and from there only they managed to become one of the markets stockbroking leaders with their hard work and dedication.
Later they introduced their Commodities services in the pink city Jaipur, Rajasthan. The commodities services are mainly offered by Ganganagar Commodities Limited.
Being a trader, you will get all possible scope to customize your brokerage plan according to your needs and preferences.
GCL Securities Pvt Ltd Jaipur Rajasthan offers end to end commodity management services with the physical delivery of all commodities and WR’s commodity financing with hedging trade facilities.
The financial firm holds active membership with BSE, MCX, NSE, and NCDEX. Moreover, the stockbroker has its own CDSL registered deposit services.
Here are some services and investment options offer by GCL Securities:
- Equity Trading
- Mutual Funds
- Commodity Trading
- Currency Trading
- ETF Investment
- IPOs
- PMS
- Derivatives
- SIP
- Insurance
GCL Securities Ltd Trading Platforms and Software’s.
Being a Full-service broker GCL securities private ltd offers all types of trading platforms to its valuable users.
It includes a software-based platform, a mobile-based trading platform and a Web-based trading platform with no additional charges.
Here are the trading platforms offered with features:
- ODIN Client – it is one of the best fully-functional software-based trading platforms. It is a super lightweight downloadable application with all trading facilities and comes integrated with additional features for active traders.
Some top features of ODIN Client:
- Live quotes streaming
- Real-time market updates
- Personalized screen for order placement
- In-built Portfolio management system
- Notifications and trade alerts facilities
- Recommendation on market top picks on a regular basis
- Trade charts with interactive analysis
- ODIN Web – It is the official web-based trading terminal of GCL securities Pvt ltd. The main advantage of this platform is that it is an independent and easy to access trading terminal via any web browser.
It can be used from any device with an active internet connection. It also includes all useful and advanced trading features to fulfil all investor’s trading needs.
Here are some best features of ODIN Web:
- Personalized market watch lists
- Real-time market quotes with live streaming facility
- The single window operation interface
- Single-click order placing facility.
- Customized charts additions
- Trade notification and alert system.
- GCL e-Lite Trader – GCL securities login offers an advanced, hassle-free, secure and easy to use mobile trading application for all its uses.
The app allows all segments trading with all popular trade exchanges including NSE, NCDEX, and MCX.
However, the application doesn’t offer a trading facility with BSE as of now.
Let’s check out the best features of GCL e- Lite Trader:
- Market watch list with both grid and list view
- All useful information in a single display at once.
- Smooth download and upload facility
- Advanced and effective order placement methodology
- Allows the user to trade on the go
- Easy and smooth navigation of segments and exchanges
Customer Care, Support and Office Addresses
All GCL securities private limited offline branches offer dedicated customer service financial experts for personalized financial assistance for all trade and investment options.
The full-service broker also provides additional free investment workshops for its clients for gaining trade knowledge and to achieve investment goals.
The broker allows the user to communicate with the following channels:
- Via Email
- Online helpdesk
- Over phone call.
- Offline customer services at branches
| Registered Office | For Commodity For Equity | 424, 4th Floor, City Center, The Mall, KANPUR (UP)-208001 64 HSIDC, Kundli, Sonepat, Haryana 131028 |
| Corporate Office | For Commodity For Equity | 15, National Highway, Opp. S.D. College, Sri Ganganagar (Raj)-335001 3rd Floor, Raghukul Tower, Khatipura T-Point, Sirsi Road, Jaipur (Raj.)-302021 |
| Customer Support | +91-141-2357943 | |
| Call & Trade | 0141- 2357942&0154- 2483944 | |
| Email ID | For Service Request/Queries For Grievances For Service Request/Queries | [email protected] [email protected] OR [email protected] [email protected] |
Research and Market Analysis Reports
As GCL Securities is Indian one of the experiences and oldest full-service broker to offer best 24*7 deployed research and analysis team.
The dedicated team for research offers a detailed guide to its clients for better trading options with accurate investment solutions.
The trained team offers various additional reports with their clients on fixed time intervals. As per the detailed trading knowledge the financial firm offers insights to manage the portfolio for its clients.
Here are some details of Research reports offered by GCL Securities:
- Company and Corporate Reports
- Fundamental Reports
- Analysed Research Reports
- Monthly Reports
- Weekly Reports
- Daily Reports
- Annual or Yearly Reports
- Additional Free Stock Tips
- Top Stock Picks
- Daily Market Reports
- IPO Reports
The reports are very authentic and offer great support to build a strong growth in the field of trading and decision making.
The broker excels in providing the best reports on a regular basis to withstand the productivity high. They also offer dedicated relationship managers to each of its investors.
GCL Securities Ltd Prices and Charges
GCL Securities Ltd Account Opening Charges
It is the very first step to open a Trading and DEMAT Account before stepping into the world of trading. Here are the details of account opening charges levied by the broker:
| Segments | Account Opening Charges |
| Trading Account Opening Charges | Rs. 0 |
| DEMAT Account Opening Charges | Rs. 0 |
| AMC for Trading Account | Rs. 0 |
| AMC for DEMAT Account | Rs. 300 |
| Minimum Margin Money | Rs. 10,000 |
The full-service stockbrokers’ offers free Trading and DEMAT Accounts with no additional charges.
However, if you want to get started with your trading then you need to deposit security money of minimum Rs. 10,000 as margin money.
Lastly, there is an annual maintenance of Rs. 300 per annum for DEMAT Account, but luckily there is no maintenance charge for Trading Account.
GCL Securities Ltd Brokerage Charges and Plans
All brokerage firms do charge a certain percentage of the trading amount as brokerage charges from their customers.
In order to offer the best services and trading facilities.
But however, the charges GCL Securities levied over its users is very low when compared with other brokers in the race.
Here are the full details of the brokerage charges offered by GCL Securities:
| Segment | Brokerage Charges |
| Equity Intraday | 0.01% |
| Equity Delivery | 0.10% |
| Equity Futures | 0.01% |
| Equity Options | Rs. 25 / Lot |
| Commodity Options | 0.01% |
| Currency Options | Rs. 10 / Lot |
| Currency Futures | 0.01% |
| Minimum Brokerage | Rs. 20 |
Let’s discussed each and every charge in detail, the broker charges a very minimum of 0.10% for Equity Delivery trading.
In addition, this brokerage lowers down further to only 0.01% if the user trade with a sum of Rs. 1,00,000 for which the brokerage charge ends up with Rs. 10 additional costs.
The same charge of 0.01% goes with multiple trading segments including Currency Futures, Commodity Options, and Equity Futures.
For the case of Equity Options, the brokerage is Rs. 25 per Lot and for Currency options, it is Rs. 10 per Lot irrespective of the transaction amount.
GCL Securities Ltd Other Charges
Like all other stockbrokers, GCL Securities also charges some mandatory additional charges levied by the Government of India and the SEBI. Here are the charges in details:
| Segments | Charges |
| Transaction Charges | 0.00280% of Total Turnover |
| STT | 0.0112% of Total Turnover |
| SEBI Turnover Charges | 0.0006% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of ((Brokerage + Transaction Charges) |
The broker charges 0.00280% of Total Turnover as transaction charges, SEBI turnover Charges of 0.0006% and 0.0112% of Total turnover as STT.
In addition, there are also some other charges like GST and Stamp Duty. In which GST is 18% of the total Brokerage and the transaction charge and the Stamp Duty charge varies from state to state.
GCL Securities Ltd Margin and Exposure
Trading with the help of additional margin and leverage is always helps in boosting the trading performance and productivity.
So, in the below-mentioned table, all the margin and leverage details are discussed:
| Segments | Margin and Exposure |
| Equity Intraday | Up to 6X |
| Currency Futures | Up to 2X |
| Commodities | Up to 2X |
| Equity Delivery | Up to 2X |
| Equity Futures | Up to 3X |
| Equity Options | Up to 3X |
| Currency Options | Up to 2X |
GCL securities offer a variety of services including additional trading margin and leverage for easy and smooth trade transactions.
The broker offers up to 2 times exposure in Equity Delivery, up to 6 times leverage in the case of Equity Intraday.
In addition, GCL Securities offers up to 2times leverage in the case Currency futures and Currency options. Lastly, the broker offers 2 times margin on Commodities and up to 3 times for both Equity Futures and Equity Options.
Comparison with its Closest Competitor
GCL Securities Ltd Comparison with Closet Discount Brokers
| Broker | GCL Securities | 5paisa | Zerodha | Upstox |
| Service Type | Full-Service Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | 0.01 to 0.1% | Rs. 10 | Rs. 20 | Rs. 20 |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 2 in 1 |
| Equity Delivery | 0.1% or 10 paisa | Flat Fee Rs 10 | Free | Free |
| Equity Intraday | 0.01% or 1 paisa | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower | 0.01% or Rs 20 whichever is lower |
| Equity Futures | 0.01% or 1 paisa | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower | 0.01% or Rs 20 whichever is lower |
| Equity options | Rs 25 Per Lot | Flat Fee Rs 10 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| CommodityOption | 0.01% or 1 paisa | Flat Fee Rs 10 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency futures | 0.01% or 1 paisa | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower | 0.01% or Rs 20 whichever is lower |
| Currency options | Rs 25 Per Lot | Flat Fee Rs 10 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Rating | 3.6 out of 5 | 4.0 out of 5 | 4.3 out of 5 | out of 5 |
Comparison with Closet Full Service Broker.
| Broker | GCL Securities | Sharekhan | Angel broking | Edelweiss |
| Service Type | Full-Service Broker | Full-Service Broker | Full-Service Broker | Full-Service Broker |
| Brokerage Range | 0.01 to 0.1% | 0.1 to 0.5% | Rs. 15 to Rs.30 | Rs. 10 to 0.5%. |
| Account Type | 2 in 1 | 2 in 1 | 2 in 1 | 2 in 1 |
| Equity Delivery | 0.1% or 10 paisa | 0.5% or 50 paisa | Rs. 15 /trade less than Rs. 50k orderRs. 30/trade more than Rs. 50k order | Rs.10 / 0.01% whichever lower |
| Equity Intraday | 0.01% or 1 paisa | 0.1% or 10 paisa | Rs. 15 /trade less than Rs. 50k orderRs. 30/trade more than Rs. 50k order | Rs.10 / 0.01% whichever lower |
| Equity Futures | 0.01% or 1 paisa | 0.1% or 10 paisa | Flat fee of Rs. 30/ order | Rs.10 / 0.01% whichever lower |
| Equity options | Rs 25 Per Lot | 2.5% of Premium or Rs 250 per lot whichever is high | A flat fee of Rs. 30/ order | Flat Fee of Rs. 10 |
| Commodity | 0.01% or 1 paisa | 0.1% or 10 paisa | A flat fee of Rs. 30/ order | NA |
| Currency futures | 0.01% or 1 paisa | 0.1% or 10 paisa | Flat fee of Rs. 30/ order | Rs.10 / 0.01% whichever lower |
| Currency options | Rs 25 Per Lot | 2.5% of Premium or Rs 250 per lot whichever is high | A flat fee of Rs. 30/ order | Flat Fee of Rs. 10 |
| Rating | 3.6 out of 5 | 4.0 out of 5 | 4.3 out of 5 | 4.1 out of 5 |
Advantages and Disadvantages
GCL Securities Ltd Advantages
- Users will be availed with the facility of call and trade.
- An integrated dedicated team of relationship managers and dealers to offer the best client support.
- The broker offers end to end commodity trading to its users.
- Clients will enjoy DP services.
GCL Securities Ltd Disadvantages
- Brokerage charges and other charges are not clearly portrayed.
- Research reports are available only for mutual funds.
- No mobile-based trading facility available with BSE.
- The broker lacks in offering a new trading platform with advanced features.
Conclusion
Though the full-service broker offers attractive brokerage rates and plans by managing to keep the rate lower as much as possible.
But GCL Securities Review lacks in productivity and offers old trading tools and value-added services.
In order to gain more customers, brokers need to work on the latest technology implementations and customer relationship programs.
However, the broker offers multiple plans and a variety of trade segments, but it can’t offer much clarity in its charges and fees.
So now it’s your personal call whether you want to opt GCL Securities as your broker or not.
FAQs
Q1. What is the margin offered by GCL Securities for Commodities?
Ans. The margin offered by GCL Securities for Commodities is up to 2 times.
Q2. What is the margin offered by GCL Securities for Equity Delivery?
Ans. The margin offered by GCL Securities for Equity Delivery is up to 2 times.
Q3. What is the margin offered by GCL Securities for Equity Futures?
Ans. The margin offered by GCL Securities for Equity Futures is up to 3 times.
Q4. What is the margin offered by GCL Securities for Equity options?
Ans. The margin offered by GCL Securities for Equity options is up to 3 times.
Q5. What is the margin offered by GCL Securities for Currency options?
Ans. The margin offered by GCL Securities for Currency Options is up to 2 times.
