GCL Securities - Safe, Reliable & Trustworthy Broker


12.8% 4,380 Clients

GCL Securities Private Limited (popularly known as GCL Securities or GCL Broking) is a Rajasthan based full-service broker offering online and offline trading, investment, and hedging services to its investors. GCL Securities is a safe and reliable full-service broker with a low client to complaint ratio and offering various services to its customers viz. Equity, Derivatives, Currency, Commodity Trading, Mutual Funds, Fixed Income, IPO, Portfolio Management, and Loan against shares.

The company believes in constant improvement to provide better service to its customers with its feedback-oriented approach. GCL Securities provides personalized services through its dedicated relationship manager for premium plan customers.

GCL Securities has been in the broking business since 2004 and is well known for its commodity trading and investment services. The company has seven branches spread across the country. The company offers ODIN based trading platform to its customers that has a robust risk management system.

GCL Securities is a SEBI registered broker and a depository participant with CDSL. It is a member of BSE, NSE, MCX, ICEX, and NCDEX. As a member of stock exchanges, the transactions of the company get regularly monitored.


About GCL Securities

The following are some of the Key Facts you should know about GCL Securities.

  • Well-known for Commodity trading.
  • Commodity trading services offered through Ganganagar Commodity Limited.
  • Equity, Derivatives, Mutual Fund, IPO, Currency trading services offered through GCL Securities Limited.
  • Premium and Discount Brokerage Plans.
  • Highly rated mobile trading app with 4 + rating.
  • Call and Trade Services.
  • Loan against Shares.
  • E- IPO Facility.
  • Seven branches across the country.
  • Specialized services for premium plan customers.

Why is GCL Securities safer than other brokers?

  1. No Margin Funding

    GCL Securities does not offer a risky product of margin funding to customers for trading.

  2. Low Client to Complaint Ratio

    As per the stock exchange complaints data against the brokers, GCL Securities have no complaints registered with BSE. For NSE too, the ratio of complaints to active clients is lesser (ranging from 0.02% to 0.04% for the last three years) in comparison to a few other brokers.

  3. Safe and Secured trading app

    GCL Securities trading app is a safe and secured app with two-factor authentication that provides an extra layer of security to access the data.


GCL Securities Risks

While GCL Securities is a safe broker serving customer for almost 15+ years, there are few areas of concern a customer should aware of:

  1. Proprietary trading

    GCL Securities undertakes proprietary trading in addition to client-based business. Thus, the customers should be aware of this disclosure and be careful while assigning any PoA to the broker.

  2. SEBI fines Ganganagar Commodity Limited

    While there have been no violations reported for GCL Securities, the markets regulator SEBI imposed a fine of Rs 12 lakh on Ganganagar Commodity Ltd in Sep 2020 (commodity trading service provider) for violating SEBI regulations and NSE Circulars. The violations include non-segregation of client funds and securities, non-settlement of funds and stocks on a monthly/quarterly basis, incorrect reporting, and a short collection of margins along with other operational discrepancies.


GCL Securities Memberships

GCL Securities is a SEBI registered entity and a member of leading stock exchanges like NSE, BSE, MCX, ICEX, and NCDEX. GCL Securities also offers mutual fund services and is also a DP (Depository Participant) with CDSL. GCL Securities' various membership details are as follows:

  • Member : BSE (CM, F&O, Currency, Commodity), NSE (CM, F&O, Currency, Commodity)
  • GCL Securities NSE and BSE SEBI Registration no. : INZ000004036
  • GCL Securities MCX, NCDEX and ICEX SEBI Registration no. : INZ000016737
  • GCL Securities AMFI Registration no. : 104800
  • GCL Securities CDSL DP ID : 12082400

Conclusion

GCL Securities is a safe, reliable, and trusted stockbroker in India. The company is a genuine stockbroker with all required certifications and memberships. As a customer, you can rely on the company to be fair and consider your money to be safe with GCL Securities as with any other leading stockbroker.

Must Read:

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. Is GCL Securities reliable?

    GCL Securities is a SEBI registered broker, a member of BSE, NSE, MCDEX, NCDEX, ICEX, and a CDSL depository participant member. The company is genuine with all required licenses to conduct the business.

    In the case of mutual fund transactions, GCL Securities uses the BSE Star MF Smart Investing Platform. The company acts as a mere facilitator as your transactions with AMC get routed through the BSE platform. GCL Securities uses ODIN based trading platform with robust risk management systems.

    The company has vast experience in commodity market solutions and is very well-known for commodity trading.

     

  2. 2. Is GCL Securities safe?

    GCL Securities offers a safe and secured trading platform with two-factor authentication. The company has vast experience in providing commodity and hedging solutions.

    Moreover, GCL Securities is a SEBI registered broker. The company is also a member of various recognized exchanges like NSE, BSE, MCDEX, ICEX, and NCDEX. The company has a depository membership with CDSL and also is an AMFI registered mutual fund distributor. Being a member of such regulatory authorities, the company transactions get scrutinized at regular intervals that protect the interest of the investors.

     

  3. 3. Is GCL Securities SEBI registered?

    Yes, GCL securities is a SEBI registered Stockbroker and a member of NSE, BSE, MCDEX, NCDEX, and ICEX.

    GCL Securities NSE and BSE SEBI Registration No. : INZ000004036

    GCL Securities MCDEX, NCDEX, and ICEX SEBI Registration No. : INZ000016737

     

GCL Securities Competitors Review

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


Comments

Add a public comment...








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App