Choice Broking Vs GCL Securities (Compare Choice Broking and GCL Securities)


Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993. Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran... Know more about Choice Equity Broking Private Limited


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

Expand

Choice Broking Vs GCL Securities

Incorporated in 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 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.

  Choice Broking GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, ICDEX BSE, NSE, MCX, NCDEX
Year of Incorporation 2010 2004
Number of Branches 50 7
Expand

Choice Broking Vs GCL Securities Charges & AMC

Choice Broking trading account opening charges is Rs 0 (Free) while GCL Securities account opening changes is Rs 0 (Free). Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free) and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Choice Broking GCL Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 200 or as per plan. (1st year AMC free) Rs 300 per year or Lifetime free AMC for Rs 1250
Expand

Choice Broking Vs GCL Securities Brokerage Charges & Plans

Choice Broking Vs GCL Securities Brokerage

Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Choice Broking GCL Securities
Account Type Standard Plan Premium Plan
Fixed Charges NA
Equity Delivery 0.20% 0.20%
Equity Intraday 0.02% 0.02%
Equity Futures 0.02% 0.02%
Equity Options Rs 25 per lot Rs 25 per lot
Currency Futures 0.02% 0.01%
Currency Options Rs 20 per lot Rs 15 per lot
Commodity Futures 0.02% 0.01%
Commodity Options Rs 50 per lot Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Choice Broking Vs GCL Securities Brokerage Plan 2

  Choice Broking GCL Securities
Account Type Standard Plan Discount Plan
Fixed Charges NA
Equity Delivery 0.20% Rs 25 per lot
Equity Intraday 0.02% Rs 25 per lot
Equity Futures 0.02% Rs 25 per lot
Equity Options Rs 25 per lot Rs 25 per lot
Currency Futures 0.02% Rs 25 per lot
Currency Options Rs 20 per lot Rs 25 per lot
Commodity Futures 0.02% Rs 25 per lot
Commodity Options Rs 50 per lot Rs 25 per lot

Choice Broking Charges Vs GCL Securities

Minimum Brokerage Rs 10 per contract
Other Charges
Call & Trade Charges Rs 0 (Free) Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
Expand

Choice Broking Vs GCL Securities Transaction Charges

Choice Broking transaction charges for options is NSE Rs 5000 per crore (0.05%) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Choice Broking GCL Securities
Equity Delivery NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 240 per crore (0.0024%) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90 per crore (0.0009%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 4000 per crore (0.04%) NSE Rs 110 per crore (0.0011%)
Commodity Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
Expand

Choice Broking Vs GCL Securities Leverage (Margin)

Choice Broking 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.

  Choice Broking 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)
Expand

Compare Choice Broking and GCL Securities Features

The trading platforms offered Choice Broking include Jiffy. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Choice Broking 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 Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Jiffy GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features
Referral Program Yes
Expand

Choice Broking Vs GCL Securities Review

Choice Broking is rated 4.0 of 5 based on 6 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.

  Choice Broking GCL Securities
  6 Customer Reviews    Rate Choice Broking 19 Customer Reviews    Rate GCL Securities
Fees 4.3 4.7
Brokerage 4.2 4.6
Trading Platform 4.3 4.1
Customer Service 3.8 4.3
Research Capabilities 4.0 4.5
Overall Ratings Rated 4.0 stars Rated 4.7 stars
Broker Rating Choice Broking is rated 4.0 of 5 based on 6 customer reviews GCL Securities is rated 4.7 of 5 based on 19 customer reviews
Expand

Contact Broker / Request A Call Back

  Choice Broking 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.
Expand

Choice Broking Vs GCL Securities Investment Options

  Choice Broking GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options Portfolio Management Services, Insurance
Expand

Choice Broking Vs GCL Securities Order Type Offered

  Choice Broking 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
Expand

Choice Broking Vs GCL Securities Research Report

  Choice Broking GCL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
Expand

Choice Broking Vs GCL Securities Suitable For Investor Type

  Choice Broking GCL Securities
Casual Investor Yes Yes
Active Investor Yes Yes
Trader
Expand

Choice Broking Vs GCL Securities - Pros and Cons

  Choice Broking GCL Securities
Pros
  • Zero Account opening fee.
  • Hassle free online Demat Account Opening.
  • Offers a wide range of investment products
  • Offers simple Trading Platforms to its customers.
  • Offers multiple AMC plan options with lifetime free AMC and refundable AMC options.
  • Free call and trade facility.
  • Provides Margin Trading Facility MTF Services.
  • Claim to have the most accurate and free research reports in the market with a 78% success ratio.
  • Offers online IPO application services.
  • 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
  • Do not have Flexi brokerage plans.
  • Does not offer 3-in-1 account services.
  • Advanced order types like BO, CO, GTC not available.
  • Margin calculator not available.
  • 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

Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.

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.

Compare More Brokers...

Choice Broking GCL Securities
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App