Fyers Vs GCL Securities (Compare Fyers and GCL Securities)

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


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities 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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Fyers Vs GCL Securities

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 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.

  Fyers GCL Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Flat Fee Brokerage Plan Premium Plan
Year of Incorporation 2015 2004
Number of Branches 0 7
Broker Enquiry Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Fyers Vs GCL Securities Charges & AMC

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

  Fyers 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 300 Rs 300 per year or Lifetime free AMC for Rs 1250
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Fyers Vs GCL Securities Brokerage Charges & Plans

Fyers Vs GCL Securities Brokerage

Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Fyers GCL Securities
Account Type Flat Fee Brokerage Plan Premium Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 (Free) 0.20%
Equity Intraday Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Futures Brokerage Rs 20 per executed order or .03% whichever is lower 0.02%
Equity Options Brokerage Rs 20 per executed order Rs 25 per lot
Currency Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Currency Options Trading Brokerage Rs 20 per executed order Rs 15 per lot
Commodity Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower 0.01%
Commodity Options Trading Brokerage Rs 20 per executed order Rs 50 per lot
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer

Fyers Vs GCL Securities Brokerage Plan 2

  Fyers GCL Securities
Account Type Flat Fee Brokerage Plan Discount Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 (Free) Rs 25 per lot
Equity Intraday Brokerage Rs 20 per executed order or .03% whichever is lower Rs 25 per lot
Equity Futures Brokerage Rs 20 per executed order or .03% whichever is lower Rs 25 per lot
Equity Options Brokerage Rs 20 per executed order Rs 25 per lot
Currency Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 25 per lot
Currency Options Trading Brokerage Rs 20 per executed order Rs 25 per lot
Commodity Futures Trading Brokerage Rs 20 per executed order or .03% whichever is lower Rs 25 per lot
Commodity Options Trading Brokerage Rs 20 per executed order Rs 25 per lot

Fyers Charges Vs GCL Securities

Minimum Brokerage Charges Intra-day: Rs 7 or 2.5% whichever is lower Rs 10 per contract
Other Brokerage Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 20 per trade Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Fyers Vs GCL Securities Transaction Charges

Fyers transaction charges for options is Rs 5900 per Cr (on premium) (0.059%) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Fyers 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 240 per Cr (0.0024%) NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 240 per Cr (0.0024%) NSE Rs 110 per crore (0.0011%)
Currency Options Rs 5900 per Cr (on premium) (0.059%) NSE Rs 110 per crore (0.0011%)
Commodity NA MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Fyers Vs GCL Securities Leverage (Margin)

Fyers provides the margin of Up to 16x (based on the stock) for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  Fyers GCL Securities
Equity Delivery 1 times As per exchange VaR + ELM
Equity Intraday Up to 16x (based on the stock) Up to 10x (based on stock)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling) Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures NA 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 Fyers and GCL Securities Features

The trading platforms offered Fyers include Fyers One (In-house build). GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Fyers GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Fyers One (In-house build) GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:20 PM 3:10 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Fyers Vs GCL Securities Review

Fyers is rated 3.8 of 5 based on 15 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  Fyers GCL Securities
  15 Customer Reviews    Rate Fyers 1 Customer Reviews    Rate GCL Securities
Fees 3.6 5.0
Trading Brokerage 3.9 5.0
Trading Platform Usability 3.6 4.0
Customer Service 4.1 5.0
Research Capabilities 1.7 5.0
Overall Ratings Rated 3.8 stars Rated 5.0 stars
Broker Rating Fyers is rated 3.8 of 5 based on 15 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

  Fyers Enquire GCL Securities Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Max flat Rs 20 Intra-day and F&O trades. Get the offer

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Fyers Vs GCL Securities Investment Options

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

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

  Fyers GCL Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Fyers Vs GCL Securities Suitable For Investor Type

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

  Fyers GCL Securities
Pros
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
  • 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
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
  • 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 Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

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