The side-by-side comparison of Bonanza and GCL Securities. Compare Bonanza Vs GCL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Bonanza vs GCL Securities?
Bonanza
Incorporated in 1994, Bonanza Portfolio Ltd is an Indian financial services and brokerage company with long experience in the capital markets. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provides depository services. Bonanza has pan-India presence across more than 1784 outlets spread across 560 cities.
The company operates in the cash and derivative segments of both NSE and BSE. It also has membership of Multi Commodity Exchange (MCX), N...
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...
Incorporated in 1994, Bonanza is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NFO, CDS. It has 1784 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.
Bonanza trading account opening charges is Rs 999 while GCL Securities account opening changes is Rs 0 (Free). Bonanza Demat Account AMC Charges is Nil and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.
Bonanza | GCL Securities | |
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Trading Account Opening Charges | Rs 999 | Rs 0 (Free) |
Trading Account AMC Charges | Nil | Rs 0 (Free) |
Demat Account Opening Charges | Nil | Rs 0 (Free) |
Demat Account AMC Charges | Nil | Rs 300 per year or Lifetime free AMC for Rs 1250 |
Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.
Bonanza | GCL Securities | |
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Account Type | Flat Brokerage Plan | Premium Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 18 per executed order | 0.20% |
Equity Intraday Brokerage | Rs 18 per executed order | 0.02% |
Equity Futures Brokerage | Rs 18 per executed order | 0.02% |
Equity Options Brokerage | Rs 18 per executed order | Rs 25 per lot |
Currency Futures Trading Brokerage | Rs 18 per executed order | 0.01% |
Currency Options Trading Brokerage | Rs 18 per executed order | Rs 15 per lot |
Commodity Futures Trading Brokerage | Rs 18 per executed order | 0.01% |
Commodity Options Trading Brokerage | Rs 18 per executed order | Rs 50 per lot |
Special Offer |
Bonanza | GCL Securities | |
---|---|---|
Account Type | Flat Brokerage Plan | Discount Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 18 per executed order | Rs 25 per lot |
Equity Intraday Brokerage | Rs 18 per executed order | Rs 25 per lot |
Equity Futures Brokerage | Rs 18 per executed order | Rs 25 per lot |
Equity Options Brokerage | Rs 18 per executed order | Rs 25 per lot |
Currency Futures Trading Brokerage | Rs 18 per executed order | Rs 25 per lot |
Currency Options Trading Brokerage | Rs 18 per executed order | Rs 25 per lot |
Commodity Futures Trading Brokerage | Rs 18 per executed order | Rs 25 per lot |
Commodity Options Trading Brokerage | Rs 18 per executed order | Rs 25 per lot |
Minimum Brokerage Charges | Intraday - .0001% and Delivery - .005% | Rs 10 per contract |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 25 per trade | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan |
Bonanza transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
Bonanza | GCL Securities | |
---|---|---|
Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
Equity Futures | NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) | NSE Rs 190 per crore (0.0019%) |
Equity Options | NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) | NSE Rs 5000 per crore (0.05%) |
Currency Futures | NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) | NSE Rs 110 per crore (0.0011%) |
Currency Options | NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) | NSE Rs 110 per crore (0.0011%) |
Commodity | MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) | MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%) |
Bonanza provides the margin of Upto 10x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).
Bonanza | GCL Securities | |
---|---|---|
Equity Delivery | Upto 10x + Interest | As per exchange VaR + ELM |
Equity Intraday | Upto 10x | Up to 10x (based on stock) |
Equity Futures | Upto 3x | Intraday - Up to 10x, Carry forward - 100%(1x) |
Equity Options | Upto 2x for shorting | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
Currency Futures | Upto 2x | Intraday - Up to 6x, Carry forward - 100%(1x) |
Currency Options | Upto 2x for shorting | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
Commodity Futures | Upto 3x | Intraday - Up to 12x, Carry forward - 100%(1x) |
Commodity Options | Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
Bonanza | GCL Securities | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | Omnesys NEST Trader, My E Trade, My E Trade Mobile App | GCL On Time, GCL PRO WEB, ODIN DIET |
Intraday Square-off Time | 3:15 | 3:10 PM |
Other Features | ||
Referral Program |
Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.
Bonanza | GCL Securities | |
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Cons |
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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. |
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Promo / Offers | AMC are waived off for the 1st year |
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