5paisa Vs GCL Securities (Compare 5paisa and GCL Securities)


5paisa
5paisa.com is a leading online stockbroker offering discount brokerage services to retail investors in India. 5paisa Capital Ltd is a publicly-traded and professionally managed company promoted by IIFL founders. As of March 2021, it has over 1.2 million clients. 5paisa online trading is available in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges a flat 20 Rs brokerage irrespective of the size of the trade, segment, or exchange. 5Paisa ... Know more about 5paisa Capital Ltd


GCL Securities
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 management and Portfolio management services. The company has a depository membership with CDSL and is a member of NSE, BSE, MCX and NCDEX. GCL offer... Know more about GCL Securities Pvt Ltd

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5paisa Vs GCL Securities

Incorporated in 1996, 5paisa is a Discount Broker. It offers trading at NSE, BSE. It has 900 branches across India. Incorporated in 2004, GCL Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 7 branches across India.

  5paisa GCL Securities
Type of Broker Discount Broker Full Service Broker
Exchnage Membership NSE, BSE BSE, NSE, MCX, NCDEX
Year of Incorporation 1996 2004
Number of Branches 900 7
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5paisa Vs GCL Securities Charges & AMC

5paisa trading account opening charges is Rs 0 (Free) while GCL Securities account opening changes is Rs 0 (Free). 5paisa Demat Account AMC Charges is Rs 540 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  5paisa GCL Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 540 Rs 300 per year or Lifetime free AMC for Rs 1250
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5paisa Vs GCL Securities Brokerage Charges & Plans

5paisa Vs GCL Securities Brokerage

5paisa brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  5paisa GCL Securities
Account Type Standard Plan Premium Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order 0.20%
Equity Intraday Rs 20 per executed order 0.02%
Equity Futures Rs 20 per executed order 0.02%
Equity Options Rs 20 per executed order Rs 25 per lot
Currency Futures Rs 20 per executed order 0.01%
Currency Options Rs 20 per executed order Rs 15 per lot
Commodity Futures Rs 20 per executed order 0.01%
Commodity Options Rs 20 per executed order Rs 50 per lot
Special Offer
Special Offer: FREE Account Opening (Rs 650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today.
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

5paisa Vs GCL Securities Brokerage Plan 2

  5paisa GCL Securities
Account Type Power Investor Pack Discount Plan
Fixed Charges Rs 499 per month NA
Equity Delivery Rs 10 per executed order Rs 25 per lot
Equity Intraday Rs 10 per executed order Rs 25 per lot
Equity Futures Rs 10 per executed order Rs 25 per lot
Equity Options Rs 2 per lot Rs 25 per lot
Currency Futures Rs 10 per executed order Rs 25 per lot
Currency Options Rs 10 per executed order Rs 25 per lot
Commodity Futures Rs 10 per executed order Rs 25 per lot
Commodity Options Rs 10 per executed order Rs 25 per lot

5paisa Vs GCL Securities Brokerage Plan 3

  5paisa GCL Securities
Account Type Ultra Trader Pack Premium Plan
Fixed Charges Rs 999 per month NA
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 10 per executed order 0.02%
Equity Futures Rs 10 per executed order 0.02%
Equity Options Rs 2 per executed lot Rs 25 per lot
Currency Futures Rs 10 per executed order 0.01%
Currency Options Rs 10 per executed order Rs 15 per lot
Commodity Futures Rs 10 per executed order 0.01%
Commodity Options Rs 10 per executed order Rs 50 per lot

5paisa Charges Vs GCL Securities

Minimum Brokerage Rs 20 per trade Rs 10 per contract
Other Charges
Call & Trade Charges Rs 100 per call (any number of trades in a call) Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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5paisa Vs GCL Securities Transaction Charges

5paisa transaction charges for options is Rs 5000 per crore (0.05%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  5paisa GCL Securities
Equity Delivery Rs 325 per crore (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday Rs 325 per crore (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures Rs 190 per crore (0.0019%) NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5000 per crore (0.05%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 190 per crore (0.0019%) NSE Rs 110 per crore (0.0011%)
Currency Options Rs 5000 per crore (0.05%) (on premium) NSE Rs 110 per crore (0.0011%)
Commodity Grp A: 0.0026% MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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5paisa Vs GCL Securities Leverage (Margin)

5paisa margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the GCL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  5paisa GCL Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare 5paisa and GCL Securities Features

The trading platforms offered 5paisa include 5paisa Trade Station (Web, Mobile App and EXE). GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  5paisa GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform 5paisa Trade Station (Web, Mobile App and EXE) GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time Optimum Plan: 3:10 PM, Platinum Plan: 3:20 PM 3:10 PM
Other Features
Referral Program
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5paisa Vs GCL Securities Review

5paisa is rated 2.6 of 5 based on 83 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  5paisa GCL Securities
  83 Customer Reviews    Rate 5paisa 20 Customer Reviews    Rate GCL Securities
Fees 3.0 4.8
Brokerage 3.7 4.6
Trading Platform 2.7 4.1
Customer Service 2.1 4.3
Research Capabilities 2.2 4.5
Overall Ratings Rated 2.6 stars Rated 4.7 stars
Broker Rating 5paisa is rated 2.6 of 5 based on 83 customer reviews GCL Securities is rated 4.7 of 5 based on 20 customer reviews
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Contact Broker / Request A Call Back

  5paisa Enquire GCL Securities Enquire
Contact Broker FREE Account Opening (Rs 650 waived) + Pay-as-you-go Demat AMC + FREE Mutual Fund Account + Trade at flat Rs 20 per order. Open Instant Account with 5paisa and start trading today. Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.
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5paisa Vs GCL Securities Investment Options

  5paisa GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Mutual Funds, Insurance
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5paisa Vs GCL Securities Order Type Offered

  5paisa GCL Securities
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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5paisa Vs GCL Securities Research Report

  5paisa GCL Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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5paisa Vs GCL Securities Suitable For Investor Type

  5paisa GCL Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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5paisa Vs GCL Securities - Pros and Cons

  5paisa GCL Securities
Pros
  • Flat fee brokerage. Pay just Rs 20 per executed order. No more worries about size of the trade.
  • Free trading software's including 5paisa mobile app and trading terminal.
  • Brokerage free direct mutual funds.
  • Vast experience in commodity trading.
  • Attractive exposure limits across asset classes.
  • Physical delivery assistance in NCDEX commodities.
  • Zero account opening fee.
  • Brokerage free trading for the first month.
  • Lifetime free AMC Demat account at Rs 1250.
  • Offer both full-service and online discount brokerage plans.
  • Instant and paperless online account opening.
  • Trading platforms based on simple and powerful ODIN.
  • Loan against shares available.
  • Provide free research calls.
  • Online IPO application services.
  • Dedicated Relationship Manager in the Premium plan.
  • WhatsApp Service Support.
Cons
  • Call & Trade is charged at Rs 100 per call in addition to the brokerage. Any number of trades can be placed in one call.
  • Research and advisory is available at extra cost.
  • Higher exchange turnover charges in comparison to other popular discount stock brokers.
  • NRI Trading and Demat Account is not available.
  • 3-in-1 account service not available
  • In-house Trading terminal not available.
  • Do not provide NRI trading.
  • High Call and Trade charges of Rs 100 in Discount plan.
Reviews

GCL Securities Private Limited, commonly known as GCL Securities or GCL Broking, is a Rajasthan based full-service broker incorporated in 2004 offering online and offline trading, investment, and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Fixed Income, and IPO.

The company offers free 2-in-1 account opening services with an option of traditional and discount brokerage plans to its customers. GCL Securities is a member of NSE, BSE, MCX, and NCDEX and has a depository membership with CDSL.

The company offers ODIN based trading platforms to its customers via the mobile app - GCL On Time, web - GCL Prob Web, and as an installable trading terminal ODIN Diet.

GCL is well known for its commodity trading and research services and offers investors hedging solutions and assistance in the physical delivery and procurement of commodities.

Promo / Offers

5paisa.com Limited Time Offer - Free Account Opening (Rs 650 waived)

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 20 per order.

Open Online Account Now! and start trading today.

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.

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5paisa GCL Securities
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