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Bonanza Vs GCL Securities (Compare Bonanza and 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...

Bonanza Vs GCL Securities

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	GCL Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX, NFO, CDS	BSE, NSE, MCX, NCDEX
Year of Incorporation	1994	2004
Number of Branches	1784	7

Bonanza Vs GCL Securities Charges & AMC

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
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 Vs GCL Securities Brokerage Charges & Plans

Bonanza Vs GCL Securities Brokerage

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
Account Type	Flat Brokerage Plan	Premium Plan
Fixed Charges		NA
Equity Delivery	Rs 18 per executed order	0.20%
Equity Intraday	Rs 18 per executed order	0.02%
Equity Futures	Rs 18 per executed order	0.02%
Equity Options	Rs 18 per executed order	Rs 25 per lot
Currency Futures	Rs 18 per executed order	0.01%
Currency Options	Rs 18 per executed order	Rs 15 per lot
Commodity Futures	Rs 18 per executed order	0.01%
Commodity Options	Rs 18 per executed order	Rs 50 per lot
Special Offer		Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Bonanza Vs GCL Securities Brokerage Plan 2

	Bonanza	GCL Securities
Account Type	Flat Brokerage Plan	Discount Plan
Fixed Charges		NA
Equity Delivery	Rs 18 per executed order	Rs 25 per lot
Equity Intraday	Rs 18 per executed order	Rs 25 per lot
Equity Futures	Rs 18 per executed order	Rs 25 per lot
Equity Options	Rs 18 per executed order	Rs 25 per lot
Currency Futures	Rs 18 per executed order	Rs 25 per lot
Currency Options	Rs 18 per executed order	Rs 25 per lot
Commodity Futures	Rs 18 per executed order	Rs 25 per lot
Commodity Options	Rs 18 per executed order	Rs 25 per lot

Bonanza Charges Vs GCL Securities

Minimum Brokerage	Intraday - .0001% and Delivery - .005%	Rs 10 per contract
Other Charges
Call & Trade Charges	Rs 25 per trade	Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

Bonanza Vs GCL Securities Transaction Charges

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 Vs GCL Securities Leverage (Margin)

Bonanza 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.

	Bonanza	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)

Compare Bonanza and GCL Securities Features

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
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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 Vs GCL Securities Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

	Bonanza	GCL Securities
	7 Customer Reviews	20 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Bonanza is rated 3.6 of 5 based on 7 customer reviews	GCL Securities is rated 4.7 of 5 based on 20 customer reviews

Contact Broker / Request A Call Back

	Bonanza Enquire	GCL Securities Enquire
Contact Broker	Leave your contact information and we will get in touch with you.... Name Phone # Email City Name State Are you a day trader?	Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Bonanza Vs GCL Securities Investment Options

	Bonanza	GCL Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

Bonanza Vs GCL Securities Order Type Offered

	Bonanza	GCL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Bonanza Vs GCL Securities Research Report

	Bonanza	GCL Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Bonanza Vs GCL Securities Suitable For Investor Type

	Bonanza	GCL Securities
Casual Investor
Active Investor
Trader

Bonanza Vs GCL Securities - Pros and Cons

	Bonanza	GCL Securities
Pros	Multiple fee structure to fulfill need of different type of investors. Offers 2 in 1 account which is Trading cum Demat account Bonanza offers add-on services like online bidding for IPO and 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 extra at the rate of Rs 25 per trade. Bonanza doesn't offer any Referral program. Customer reported hidden charges and fees which was not explained at the time of account opening.	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	AMC are waived off for the 1st year	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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Bonanza	GCL Securities
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