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GCL Securities FAQs (Frequently Asked Questions)

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Incorporated in 2004, GCL is a Jaipur, Rajasthan based financial service provider. GCL is a full-service stock broker popular for its commodity trading services in Northern India. GCL offers a range of financial services including online trading and investment in Equity, Derivatives, Currency, Commodities and Mutual Funds. GCL also offers wealth m...

Do you have questions about GCL Securities share trading account or GCL Securities Demat account?

Get all your share trading doubts and questions answered by reading the GCL Securities demat, trading account information FAQ. All GCL Securities questions, GCL Securities q&a, GCL Securities faq and GCL Securities questions and answers.

Frequently Asked Questions

1. Does GCL Securities allow BTST?

GCL Securities allow BTST only in F&O. It does not allow BTST in Equity Delivery. In the case of Equity Delivery, you need to ensure to have the stocks in your account before selling them.

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2. Does GCL Securities offer call and trade?

Yes, GCL Securities offers call and trade services to its customers.

The call and trade service is offered free of cost for premium plan customers. In the case of Discount brokerage plans, the company charges Rs 100 per call for availing call and trade services.

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3. Does GCL Securities offer tips?

GCL Securities offers a research facility to its clients that help them make an informed decision on their investments.

The company provides research across various asset classes that include Stocks, Commodities, Derivatives, Mutual Funds, and IPO.

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FAQs

What is AMC for GCL Securities?
GCL Securities charges Rs 0 (Free) Annual Maintenance Charge (AMC) for a trading account and Rs 300 per year or Lifetime free AMC for Rs 1250 for a Demat account. AMC is charged to maintain the accounts.
How much GCL Securities charge for delivery?
GCL Securities charge 0.20% for equity delivery trade. These trades are also known as cash & carry trades or CNC.
How much GCL Securities charge for intraday?
GCL Securities charge 0.02% for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.
How much GCL Securities charge for futures?
GCL Securities charge 0.02% for equity, currency and commodity futures trading.
How much GCL Securities charge for options?
GCL Securities charges Rs 25 per lot for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.
How much GCL Securities charge for commodity?
GCL Securities brokerage charges for commodity futures is 0.01% and commodity options is Rs 50 per lot. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.
How much GCL Securities charge for currency trading?
GCL Securities charge 0.01% for currency futures trading and Rs 15 per lot for currency options trading.

What are transaction charges in GCL Securities?

Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

GCL Securities Transaction Charges 2021

Segment	Transaction Fee
Equity Delivery	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Intraday	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Futures	NSE Rs 190 per crore (0.0019%)
Equity Options	NSE Rs 5000 per crore (0.05%)
Currency Futures	NSE Rs 110 per crore (0.0011%)
Currency Options	NSE Rs 110 per crore (0.0011%)
Commodity	MCX Rs 260 per crore (0.0026%) \| NCDEX Rs 600 per crore (0.006%)

Does GCL Securities offer IPO?
Yes. GCL Securities offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.
Does GCL Securities offers Mutual Funds?
Yes. You can buy/sell Mutual Funds if you have an account with GCL Securities.
Do GCL Securities offer margin funding for share/commodity trading?
No. GCL Securities doesn't provide margin funding.
What is GCL Securities intraday auto square-off time?
GCL Securities auto square-off all open intraday positions at 3:10 PM.
Does GCL Securities provide tips?
Yes. GCL Securities provide trading tips for stock and commodity trading to its customers.