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17.64% 4,568 Clients
GCL Securities is a full-service broker offering various online and offline financial services since 2004. The company offers to trade in Equity, Derivatives, Currency, Commodity, Mutual Funds, IPO, and Fixed Income.
GCL brokerage charges are claimed to be one of the lowest in India when compared to other full-service brokers in the industry. The company has two brokerage plans to offer to its customers - Premium Plan and discount brokerage plans.
Premium brokerage plan is also known as a traditional brokerage plan. This plan is for the traditional traders, who trade regularly and need support and advice for trading. As the name suggests, this plan is a bit costly compared to the discount brokerage plan as it also includes a lot of premium services. This plan charges a percentage basis brokerage for Equity and Futures trade and per lot basis brokerage for Options trades.
Premium Plan Highlights:
A discount brokerage plan is for traders who can trade independently and do not need much support or services. This plan is based on a flat fee model and charges a flat Rs 25 per trade across all asset classes. Following are additional free services offered with this plan.
Discount Plan Highlights:
GCL Securities offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with GCL Securities. GCL Securities fee structure and trading commission rates are explained as below.
To open GCL Securities account you have to pay account opening charges and annual maintenance charges (AMC).
| Transaction | Fee |
|---|---|
| Trading Account Opening Charges (One Time) | Rs 0 (Free) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Rs 0 (Free) |
| Demat Account Opening Charges (One Time) | Rs 0 (Free) |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 300 per year or Lifetime free AMC for Rs 1250 |
Customer pays a commission (brokerage) when buying or selling stocks through GCL Securities. The brokerage charges for equity, commodities and currency derivative trading for GCL Securities are explained as below.
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | NA |
| Equity Delivery | 0.20% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | Rs 25 per lot |
| Currency Futures | 0.01% |
| Currency Options | Rs 15 per lot |
| Commodity Futures | 0.01% |
| Commodity Options | Rs 50 per lot |
| Segment | Brokerage Fee |
|---|---|
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 25 per lot |
| Equity Intraday | Rs 25 per lot |
| Equity Futures | Rs 25 per lot |
| Equity Options | Rs 25 per lot |
| Currency Futures | Rs 25 per lot |
| Currency Options | Rs 25 per lot |
| Commodity Futures | Rs 25 per lot |
| Commodity Options | Rs 25 per lot |
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.
The Demat account transactions are charged separately from the trading commission. Find GCL Securities Demat account charges 2021.
| Sr | Charge head | Charges |
|---|---|---|
| 1 | Account Opening Charges | Nil |
| 2 | AMC Charges | Rs 300* |
| 3 | Transaction Charges (Buy) | Nil |
| 4 | Transaction Charges (Sell / Debit) ( Socks) | Rs 11 per Transaction (within GCL), Rs 21 per Transaction (Outside GCL) |
| 5 | Pledge Creation/ Confirmation/ Closure/ Invocation | Rs 25 |
| 6 | Margin Pledge / Un-pledge | Rs 11 per ISIN |
| 7 | Margin Re-pledge / Un-pledge | Rs 5 per ISIN |
| 8 | Demat Conversion | Rs 10 per certificate/unit + Rs 30 courier charges |
| 9 | Remat | Actual CDSL Charges + Rs 30 courier charges |
| 10 | Additional Delivery Instruction Book | Rs 25 |
| 11 | Failed Instruction | Nil |
Note:
* Lifetime AMC free demat account is available with Rs 1250 one-time fee.
* AMC Charges for BSDA Account: Holdings up to Rs 50,000 is Nil and Holdings between Rs 50,001 to Rs 2,00,000 is Rs 100
A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .
| 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%) |
GCL Securities charges government taxes and fees in addition to the brokerage. These GCL Securities trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the GCL Securities tax calculation.
| Tax GCL Securities | Rates |
|---|---|
| |
Exchange Transaction Charges | |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
SEBI Charges | 0.0001% (₹10/Crore) |
Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
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.
GCL Securities offers two brokerage plans - (i) Premium plan and (ii) Discount Plan to its customers.
The Premium Plan is a combination of a percentage-based brokerage model for Equity Delivery, Intraday, and Futures trade and per lot basis brokerage model for an Options trade. In a percentage-based brokerage model, the brokerage charged is a percentage of the trading value whereas, in a per lot basis model, the brokerage is charged based on the number of lots executed irrespective of the trade value.
The Discount Plan follows a flat fee model with a flat Rs 25 per trade across all asset classes irrespective of trade quantity or value.
For example,
GCL Securities Premium Plan Brokerage Charges Details
Segment |
Brokerage Fee |
|
Equity Delivery |
0.20% |
|
Equity Intraday |
0.02% |
|
Equity Futures |
0.02% |
|
Equity Options |
Rs 25 per lot |
|
Currency Futures |
0.01% |
|
Currency Options |
Rs 15 per lot |
|
Commodity Futures |
0.01% |
|
Commodity Options |
Rs 50 per lot |
Yes, GCL Securities charges Rs 300 per year as annual maintenance charges for maintaining a Demat account with the broker. The company also provides an option to opt for lifetime free AMC by paying a one-time lump sum amount of Rs 1,250.
GCL Securities offers two brokerage plans to its customers - Premium Brokerage Plan and Discount Brokerage Plan. GCL Securities brokerage charges are claimed to be one of the lowest when compared with other full-service brokers in the industry.
The premium brokerage plan is for frequent traders who need personal assistance and regular advice and support. This plan is a combination of percentage basis brokerage for Equity and futures trades across all asset classes and per lot basis for Options trades across all asset classes. Being a premium plan, it also includes a lot of other specialized support and services.
The Discount brokerage plan is for modern-day traders who can trade independently and do not need personal services. This plan is based on a flat fee model charging flat Rs 25 per trade across all asset classes.
An investor has to pay other regulatory and transaction charges like STT, exchange transaction charges, GST, Stamp Duty over and above the brokerage.
GCL Securities Premium Plan Brokerage Charges
GCL Securities Premium Plan Brokerage Charges Details
Segment |
Brokerage Fee |
|
Equity Delivery |
0.20% |
|
Equity Intraday |
0.02% |
|
Equity Futures |
0.02% |
|
Equity Options |
Rs 25 per lot |
|
Currency Futures |
0.01% |
|
Currency Options |
Rs 15 per lot |
|
Commodity Futures |
0.01% |
|
Commodity Options |
Rs 50 per lot |
GCL Securities charges a brokerage fee of 0.02% on the trade value of the intraday transactions under the premium plan and flat a Rs 25 per trade under the discount plan. In addition to the brokerage, an investor has to pay other regulatory and exchange transaction charges as per below.
Other Charges for Intraday Trading
STT |
0.025% on the sell side |
|
Transaction charges |
NSE: 0.00325% BSE: 0.00275% |
|
GST |
18% on (brokerage + transaction charges) |
|
SEBI charges |
Rs 5 / crore |
|
Stamp Duty |
0.003% on buy trades |
No, GCL Securities is not free. The company charges brokerage and other fees for its services. Currently, the company has an offer of one-month brokerage free trading for new customers opening an online account with GCL Securities. GCL Securities provides free account opening, free research services, IPO assistance, a dedicated relationship manager for premium clients, loans against shares, etc.
GCL Securities Charges List
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Information on this page was last updated on Tuesday, December 22, 2020
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Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
