GCL Securities Brokerage Charges, Fees, AMC, Transaction Charges 2021


12.8% 4,380 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.


GCL Brokerage Plans

1. Premium Plan

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:

  • Dedicated Relationship Manager.
  • Free Call & Trade Service.
  • Research Service.
  • Physical Contract Notes.
  • Customer Support via Email, Telegram, WhatsApp.
  • Instant trade message.
  • Offline Branch Support.
  • Attractive exposure or margin.

2. Discount Plan

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:

  • Research Service
  • Email Support Service
  • Telephone Support

GCL Securities Account Charges

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).

GCL Securities Account Open Charges | GCL Securities AMC 2021

TransactionFee
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

GCL Securities Brokerage Charges 2021

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.

GCL Securities Premium Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity Delivery0.20%
Equity Intraday0.02%
Equity Futures0.02%
Equity OptionsRs 25 per lot
Currency Futures0.01%
Currency OptionsRs 15 per lot
Commodity Futures0.01%
Commodity OptionsRs 50 per lot

GCL Securities Discount Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity DeliveryRs 25 per lot
Equity IntradayRs 25 per lot
Equity FuturesRs 25 per lot
Equity OptionsRs 25 per lot
Currency FuturesRs 25 per lot
Currency OptionsRs 25 per lot
Commodity FuturesRs 25 per lot
Commodity OptionsRs 25 per lot

GCL Securities Demat Account Charges 2021

The Demat account transactions are charged separately from the trading commission. Find GCL Securities Demat account charges 2021.

GCL Demat Charges

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


GCL Securities Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

GCL Securities Transaction Charges 2021

SegmentTransaction Fee
Equity DeliveryNSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity IntradayNSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity FuturesNSE Rs 190 per crore (0.0019%)
Equity OptionsNSE Rs 5000 per crore (0.05%)
Currency FuturesNSE Rs 110 per crore (0.0011%)
Currency OptionsNSE Rs 110 per crore (0.0011%)
CommodityMCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)

GCL Securities Trading Taxes

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.

GCL Securities Tax on Trading

Tax GCL SecuritiesRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT
  • On Exercise transaction: 0.125%
  • Right to entitlement: 0.05% on sell side

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.00005% (₹5/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)

Frequently Asked Questions

  1. 1. How is GCL Securities brokerage calculated?

    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,

    • Under a Premium plan, if you buy 500 shares of ABC Company @ Rs 50, you pay Rs 50 as brokerage as per 0.20% on the trade value of Rs 25,000.
    • Similarly, if you buy 5 lots of NIFTY Options, you pay Rs 125 as per brokerage based on Rs 25 per lot for Equity Options.
    • In case of a discount plan, if you buy 500 shares of ABC Company @ Rs 50 or buy 100 shares @ Rs 500, you pay only Rs 25 as brokerage based on the flat fee model irrespective of its trade value or quantity.

    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

     

  2. 2. Does GCL Securities have annual charges?

    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.

     

  3. 3. How much does GCL Securities charge for trading?

    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

     

  4. 4. What are GCL Securities intraday charges?

    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

     

  5. 5. Is GCL Securities free?

    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

    • Demat Annual Maintenance Charges (AMC)
    • Brokerage Charges.
    • Demat Account Charges.
    • Exchanges and Depositories Charges.
    • Taxes levied by Governments.

     

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GCL Securities Competitors Review

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


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