Aditya Birla Money Vs GCL Securities (Compare Aditya Birla Money and GCL Securities)


Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ("NSDL") and the Central Depository Services (India) Limited ("CDSL"). The comp... Know more about Aditya Birla Money 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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Aditya Birla Money Vs GCL Securities

Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 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.

  Aditya Birla Money GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 1994 2004
Number of Branches 800 7
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Aditya Birla Money Vs GCL Securities Charges & AMC

Aditya Birla Money trading account opening charges is Rs 750 while GCL Securities account opening changes is Rs 0 (Free). Aditya Birla Money Demat Account AMC Charges is Rs 436 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Aditya Birla Money GCL Securities
Trading Account Opening Charges Rs 750 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 436 Rs 300 per year or Lifetime free AMC for Rs 1250
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Aditya Birla Money Vs GCL Securities Brokerage Charges & Plans

Aditya Birla Money Vs GCL Securities Brokerage

Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Aditya Birla Money GCL Securities
Account Type Premium Plan
Fixed Charges NA
Equity Delivery 0.30% 0.20%
Equity Intraday 0.03% 0.02%
Equity Futures 0.03% 0.02%
Equity Options Rs 50 per lot Rs 25 per lot
Currency Futures 0.03% 0.01%
Currency Options Rs 50 per lot Rs 15 per lot
Commodity Futures 0.03% 0.01%
Commodity Options Nil Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Aditya Birla Money Vs GCL Securities Brokerage Plan 2

  Aditya Birla Money GCL Securities
Account Type Discount Plan
Fixed Charges NA
Equity Delivery 0.30% Rs 25 per lot
Equity Intraday 0.03% Rs 25 per lot
Equity Futures 0.03% Rs 25 per lot
Equity Options Rs 50 per lot Rs 25 per lot
Currency Futures 0.03% Rs 25 per lot
Currency Options Rs 50 per lot Rs 25 per lot
Commodity Futures 0.03% Rs 25 per lot
Commodity Options Nil Rs 25 per lot

Aditya Birla Money Charges Vs GCL Securities

Minimum Brokerage Rs 20 per executed order Rs 10 per contract
Other Charges
Call & Trade Charges Nil Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Aditya Birla Money Vs GCL Securities Transaction Charges

Aditya Birla Money transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Aditya Birla Money GCL Securities
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures Rs 190 per Cr (0.0019%) NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 110 per Cr (0.0011%) NSE Rs 110 per crore (0.0011%)
Currency Options Rs 4000 per Cr (0.04%) (on premium) NSE Rs 110 per crore (0.0011%)
Commodity MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%) MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Aditya Birla Money Vs GCL Securities Leverage (Margin)

Aditya Birla Money 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.

  Aditya Birla Money 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 Aditya Birla Money and GCL Securities Features

The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Aditya Birla Money GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading 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
Trading Platform Etrade, Advanced web, Mobile invest GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 3:10 PM
Other Features Insurance and Pension scheme available
Referral Program
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Aditya Birla Money Vs GCL Securities Review

Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  Aditya Birla Money GCL Securities
  21 Customer Reviews    Rate Aditya Birla Money 20 Customer Reviews    Rate GCL Securities
Fees 3.1 4.8
Brokerage 3.1 4.6
Trading Platform 3.0 4.1
Customer Service 2.8 4.3
Research Capabilities 3.7 4.5
Overall Ratings Rated 2.9 stars Rated 4.7 stars
Broker Rating Aditya Birla Money is rated 2.9 of 5 based on 21 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

  Aditya Birla Money Enquire GCL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.
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Aditya Birla Money Vs GCL Securities Investment Options

  Aditya Birla Money 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
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Aditya Birla Money Vs GCL Securities Order Type Offered

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

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

  Aditya Birla Money GCL Securities
Casual Investor Yes Yes
Active Investor Yes
Trader
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Aditya Birla Money Vs GCL Securities - Pros and Cons

  Aditya Birla Money GCL Securities
Pros
  1. ABM offers 2 in 1 account which is Trading cum Demat account
  2. No Call and Trade charges
  3. Fund transfer facility available from more than 11 banks
  4. ABM offers Portfolio Tracker which is one stop shop for your entire portfolio
  • 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. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
  • 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

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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