AxisDirect Vs GCL Securities (Compare AxisDirect and GCL Securities)

The side-by-side comparison of AxisDirect and GCL Securities. Compare AxisDirect Vs GCL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best AxisDirect vs GCL Securities?


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities


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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AxisDirect Vs GCL Securities

Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 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.

  AxisDirect GCL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Standard Brokerage Plan Premium Plan
Year of Incorporation 2006 2004
Number of Branches 56 7
Broker Enquiry Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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AxisDirect Vs GCL Securities Charges & AMC

AxisDirect trading account opening charges is Rs 900 while GCL Securities account opening changes is Rs 0 (Free). AxisDirect Demat Account AMC Charges is Rs 650 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  AxisDirect GCL Securities
Trading Account Opening Charges Rs 900 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 650 Rs 300 per year or Lifetime free AMC for Rs 1250
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AxisDirect Vs GCL Securities Brokerage Charges & Plans

AxisDirect Vs GCL Securities Brokerage

AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  AxisDirect GCL Securities
Account Type Standard Brokerage Plan Premium Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.50% 0.20%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.05% 0.01%
Currency Options Trading Brokerage Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 15 per lot
Commodity Futures Trading Brokerage 0.03% 0.01%
Commodity Options Trading Brokerage Rs 50 per lot Rs 50 per lot
Special Offer

AxisDirect Vs GCL Securities Brokerage Plan 2

  AxisDirect GCL Securities
Account Type Standard Brokerage Plan Discount Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.50% Rs 25 per lot
Equity Intraday Brokerage 0.05% Rs 25 per lot
Equity Futures Brokerage 0.05% Rs 25 per lot
Equity Options Brokerage Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.05% Rs 25 per lot
Currency Options Trading Brokerage Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l Rs 25 per lot
Commodity Futures Trading Brokerage 0.03% Rs 25 per lot
Commodity Options Trading Brokerage Rs 50 per lot Rs 25 per lot

AxisDirect Charges Vs GCL Securities

Minimum Brokerage Charges Rs 20 per trade Rs 10 per contract
Other Brokerage Charges
Call & Trade Charges Rs 20 per call Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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AxisDirect Vs GCL Securities Transaction Charges

AxisDirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  AxisDirect GCL Securities
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (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 300 per Cr (0.003%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 190 per Cr (0.0019%) NSE Rs 110 per crore (0.0011%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 110 per crore (0.0011%)
Commodity MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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AxisDirect Vs GCL Securities Leverage (Margin)

AxisDirect provides the margin of Upto 10x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  AxisDirect GCL Securities
Equity Delivery 100% (1x) As per exchange VaR + ELM
Equity Intraday Upto 10x Up to 10x (based on stock)
Equity Futures 100% (1x) Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options 100% (1x) Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures 100% (1x) Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options 100% (1x) Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures 3x Intraday - Up to 12x, Carry forward - 100%(1x)
Commodity Options 100% (1x) Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
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Compare AxisDirect and GCL Securities Features

The trading platforms offered AxisDirect include DirectTrade, Axisdirect Web, Axisdirect Mobile. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  AxisDirect GCL Securities
3 in 1 Account Yes 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 Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform DirectTrade, Axisdirect Web, Axisdirect Mobile GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 3:10 PM
Other Features
Referral Program Yes
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AxisDirect Vs GCL Securities Review

AxisDirect is rated 2.1 of 5 based on 64 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  AxisDirect GCL Securities
  64 Customer Reviews    Rate AxisDirect 1 Customer Reviews    Rate GCL Securities
Fees 2.1 5.0
Trading Brokerage 1.8 5.0
Trading Platform Usability 2.7 4.0
Customer Service 2.2 5.0
Research Capabilities 2.8 5.0
Overall Ratings Rated 2.1 stars Rated 5.0 stars
Broker Rating AxisDirect is rated 2.1 of 5 based on 64 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

  AxisDirect Enquire GCL Securities Enquire
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AxisDirect Vs GCL Securities Investment Options

  AxisDirect GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, ETF, Corporate FD
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AxisDirect Vs GCL Securities Order Type Offered

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

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

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

  AxisDirect GCL Securities
Pros
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • 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
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
  • 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.

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