Bonanza Vs GCL Securities (Compare Bonanza and GCL Securities)

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... Know more about Bonanza Portfolio 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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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
Supported Exchnages BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX, NCDEX
Account Type Flat Brokerage Plan Premium Plan
Year of Incorporation 1994 2004
Number of Branches 1784 7
Broker Enquiry Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you.
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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
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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 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 Vs GCL Securities Brokerage Plan 2

  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

Bonanza Charges Vs GCL Securities

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
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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%)
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Bonanza Vs GCL Securities Leverage (Margin)

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%
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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
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Bonanza Vs GCL Securities Review

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
  7 Customer Reviews    Rate Bonanza 1 Customer Reviews    Rate GCL Securities
Fees 3.4 5.0
Trading Brokerage 3.3 5.0
Trading Platform Usability 3.1 4.0
Customer Service 3.7 5.0
Research Capabilities 5.0 5.0
Overall Ratings Rated 3.6 stars Rated 5.0 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews GCL Securities is rated 5.0 of 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Bonanza Enquire GCL Securities Enquire
Contact Broker

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Bonanza Vs GCL Securities Investment Options

  Bonanza GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance
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Bonanza Vs GCL Securities Order Type Offered

  Bonanza GCL Securities
Bracket Order No No
Cover Order No 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) Yes Yes
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Bonanza Vs GCL Securities Research Report

  Bonanza GCL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Bonanza Vs GCL Securities Suitable For Investor Type

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

  Bonanza GCL Securities
Pros
  1. Multiple fee structure to fulfill need of different type of investors.
  2. Offers 2 in 1 account which is Trading cum Demat account
  3. 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
  1. Call & trade is charged extra at the rate of Rs 25 per trade.
  2. Bonanza doesn't offer any Referral program.
  3. 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

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