Open GCL Securities Account (GCL Securities Account Opening Process, Documents and Charges)

GCL Securities is a full-service broker offering investment and trading services to its customers to invest in the Indian Markets. The company provides research services, online and offline customer support, and call and trade services to all its customers.

GCL Securities is popular for commodity trading with over a decade of experience in commodity markets. GCL Securities also offers to trade in Equity, Derivatives, Currency, IPO, Mutual funds, and Fixed Income.

GCL Securities customers can use ODIN based trading platforms offered by the company for free that includes a mobile trading app, a trading website, and an installable trading terminal.

Key Facts about GCL Securities

• Full-service broker with a strong background in commodity markets.
• Product offerings include Stocks, Derivatives, Mutual funds, Commodity, Currency, IPO, and Fixed Income.
• Online IPO Investment.
• Branch support available.
• Attractive exposure limits across asset classes.
• Physical Delivery assistance in the NCDEX market.
• WhatsApp Service Support.
• 7+ Branch Office and 100+ employees spread across the country.
• Free online account opening.

GCL Securities Account Opening

GCL Securities offers online as well as offline modes of account opening to its customers. The online account opening is an instant and 100% paperless process. The online account opening gives an advantage of brokerage-free trading for one month to its customers.

Online Account Opening Process

You can open a GCL Securities trading and Demat account from its website or mobile app (GCL On Time). The process is simple and easy. It takes a few minutes to apply for an account.

Steps to open an account online

1. Register online on the company website or mobile app.
2. Click on Open Instant Account.
3. Fill in the client registration form.
4. Provide mobile No., applicant name, relation with the applicant, and Email id details.
5. Generate OTP.
6. Enter the OTP and click on Next.
7. Upload the relevant documents along with your passport size photograph.
8. The documents submitted get verified by the broker.
9. The account gets activated on completion of the verification of the documents.
10. You would receive a mail from the company on activation of your account with your login credentials.

Offline Account Opening Process

You also have an option to open an account offline by visiting any of the GCL Securities branch offices, where a representative will guide you through the account opening process. You can also download the account opening form from the company website or procure the same by reaching out to the customer care team.

Steps to open an account offline:

1. Procure the account opening form from any of the GCL Securities branches or reaching out to the customer support team.
2. Fill the account opening form with required details like identity, address, bank details, trading preference, etc.
3. Attach the required documents.
4. Courier the duly signed form to the broker office for verification.
5. Once the verification is complete, your account gets activated for trading.
6. You would receive a mail from the company with the account details.

Currently, the company only has the commodity account opening form on the website under the downloads section. The Equity account opening form is not available on the website.

Documents needed for GCL Securities account opening

You would need the following documents to open a GCL Securities trading and Demat account:

• PAN Card.
• Photograph.
• Identity Proof. (PAN Card, Aadhaar Card, Voter ID, Passport, and Driving License)
• Address Proof. (Voter ID, Passport, Driving License, Aadhar Card, Latest Bank Statement/Passbook, Latest electricity bill, Latest resident telephone bill)/
• Bank Proof with MICR/IFSC details. (Cancelled cheque, latest Bank statement, original banker's certificate)
• Income Proof for derivatives trading. (Copy of latest ITR filing, Form 16, latest six months bank statement, latest Net worth certificate)

Check Account Opening Status at GCL Securities

Once the documents are received and verified by the company, your account gets activated for trading within 1-2 days, provided there are no gaps in the documents submitted. In case of any delay, you can get in touch with customer care via call, email, or live chat to know your account status.

GCL Securities Customer Care Number : +91-141-6625500

GCL Securities Email ID for queries : info@gclbroking.com

GCL Securities Login

You would be assigned a client ID to trade with GCL Securities. You need to use the given Client ID to trade online with GCL Securities.

To trade through the web, you need to visit PRO WEB (gclbroking.com) and log in using your User ID (Client ID) and password.

To trade through the GCL Securities app, GCL On Time, you first need to download the app from the Play Store or App store as per the required preference and then access the app using your User ID and password.

GCL Securities Account Closure

You can close the account anytime if you no longer want to use it. GCL Securities account cannot be closed online. You are required to submit a hard copy of the account closure form.

The GCL Securities account closure form is available for download on the company website under the downloads section. The company has three different closure forms to close the Demat account, Equity Trading account, and Commodity trading account. You need to fill up the account closure forms as per the type of account you would like to close.

Before initiating the account closure process, you need to ensure to:

1. Clear any outstanding dues (in case of closure of a trading account).
2. Sell or Transfer all your securities into another Demat account (in case of closure of a Demat account).

Steps to Close GCL Securities Account

1. Download/Procure the account closure form from the company website or the customer care or through a branch office.
2. Print, fill and sign the required account closure form.
3. State the reasons for the closure of a Demat account.
4. Courier the account closure form to the address mentioned in the form.

You will receive an account closure intimation along with the final statement of the accounts. In case you do not receive any communication from the company, please contact the customer care team to check the status.

Frequently Asked Questions

GCL Securities Competitors Review

Information on this page was last updated on Tuesday, December 22, 2020