Open GCL Securities Account | GCL Securities Account Opening Online Process Review


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GCL Securities Account Opening Charges 2021

GCL Securities account opening charges are Rs 0 (Free) for a trading account and Rs 0 (Free) for Demat account. GCL Securities charge Rs 300 per year or Lifetime free AMC for Rs 1250 AMC for Demat account.

TransactionCharges
Trading Account Opening ChargesRs 0 (Free)
Account AMC ChargesRs 0 (Free)
Demat Account Opening ChargesRs 0 (Free)
Demat AMC (Yealy)Rs 300 per year or Lifetime free AMC for Rs 1250
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

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.

GCL Securities Special Offer

Free Trading & Demat Account (for limited time only)

Get FREE Trading + Demat Account (Zero account opening charges). You can also avail of attractive trading plans that suit your needs. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and GCL Securities representatives will contact you.

Frequently Asked Questions

  1. 1. How to open a Demat and Trading account with GCL Securities?

    GCL Securities provide online as well as offline account opening facility to its customers. The online account opening with GCL Securities is an easy and instant process.

    Steps to open Demat and Trading account with GCL Securities online:

    1. Go to the company website- GCL Pro Web or mobile app - GCL On Time.
    2. Click on Open Instant Account.
    3. Provide mobile No., applicant name, relation with the applicant, and Email id details to complete the registration form.
    4. Generate OTP.
    5. Enter the OTP and click on Next.
    6. Upload the relevant documents along with your passport size photograph.
    7. You would receive account activation mail from the company post verification of the documents.

    Alternatively, you can also open the account offline with GCL Securities by visiting the GCL Securities nearest branch.

    Steps to open Demat and Trading account with GCL Securities offline:

    1. Procure the physical account opening form from the nearest branch of GCL Securities or by 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. You would receive mail from the company on the activation of your account.

    Read GCL Securities Account opening for more details.

     

  2. 2. How to open a GCL Securities account online?

    GCL Securities online account opening is an easy, hassle-free, and instant process. The customers opening the account online get one month of brokerage free trading.

    To open an account online, you need to fill the client registration form on the website - 'GCL Pro Web' or mobile app 'GCL On Time' and upload the relevant documents.

    Read GCL Securities Account Opening for more details.

     

  3. 3. What are the documents required for GCL Securities account opening?

    You would need the identity, address, bank proof documents along with few other documents to open an account with GCL Securities as per below.

    Documents required for GCL Securities Account Opening :

    • PAN Card of the account holder and joint account holders, if any.
    • One Coloured passport size photograph.
    • Additional Identity Proof -PAN Card, Aadhaar Card, Voter ID, Passport, or 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 of the account holder- Cancelled cheque, latest Bank statement, original banker's certificate.
    • Demat account proof of the account holder ( if existing ).
    • Income Proof of the account holder for derivatives trading - Copy of latest ITR filing, Form 16, latest six months bank statement, latest Net worth certificate.

     

  4. 4. What is an account opening charge in GCL Securities?

    GCL Securities offers free account opening to its customers. The company does not charge for opening a trading and Demat account.

    While the account opening is free, GCL Securities charges a n AMC of Rs 300 + GST for maintaining the Demat account with the broker. The company also provides an option for lifetime free AMC by paying one-time a lumpsum amount of Rs 1,250.

     

  5. 5. How long does it take to open an account with GCL Securities?

    You can instantly sign up to open an account with GCL Securities. Your account gets activated within 1-2 working days of the document submission in case of no discrepancies.

    GCL Securities offers online as well as offline account opening. While the online account opening is easy, efficient, and hassle-free, the offline account opening would require you to fill the physical forms.

    The offline account opening may take slightly longer as it requires the physical documents to reach the broker office to start the verification process. In case of any discrepancies or issues in the documents submitted, the company representative would connect with you for clarification.

    You can reach out to the customer care team via email, phone, or live chat to check the account opening status in case of any delays.

     

GCL Securities Competitors Review

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


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