Geojit Vs GCL Securities (Compare Geojit and GCL Securities)


Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas


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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Geojit Vs GCL Securities

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 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.

  Geojit GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX-SX BSE, NSE, MCX, NCDEX
Year of Incorporation 1987 2004
Number of Branches 509 7
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Geojit Vs GCL Securities Charges & AMC

Geojit trading account opening charges is Rs 425 while GCL Securities account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 700 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Geojit GCL Securities
Trading Account Opening Charges Rs 425 Rs 0 (Free)
Trading Account AMC Charges NIL Rs 0 (Free)
Demat Account Opening Charges NIL Rs 0 (Free)
Demat Account AMC Charges Rs 700 Rs 300 per year or Lifetime free AMC for Rs 1250
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Geojit Vs GCL Securities Brokerage Charges & Plans

Geojit Vs GCL Securities Brokerage

Geojit 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%.

  Geojit GCL Securities
Account Type Online Trading 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 125 per contract Rs 25 per lot
Currency Futures 0.03% 0.01%
Currency Options Rs 125 per contract Rs 15 per lot
Commodity Futures NA 0.01%
Commodity Options NA Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Geojit Vs GCL Securities Brokerage Plan 2

  Geojit GCL Securities
Account Type Online Trading 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 125 per contract Rs 25 per lot
Currency Futures 0.03% Rs 25 per lot
Currency Options Rs 125 per contract Rs 25 per lot
Commodity Futures NA Rs 25 per lot
Commodity Options NA Rs 25 per lot

Geojit Charges Vs GCL Securities

Minimum Brokerage 1p per share or Rs 20/contract whichever is higher Rs 10 per contract
Other Charges
Call & Trade Charges Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Geojit Vs GCL Securities Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Geojit 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 210 per Cr (0.0021%) NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5500 per Cr (0.05%) NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 145 per Cr (0.00145%) NSE Rs 110 per crore (0.0011%)
Currency Options Rs 4730 per Cr (0.0473%) on premium 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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Geojit Vs GCL Securities Leverage (Margin)

Geojit 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.

  Geojit 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 Geojit and GCL Securities Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Geojit 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
Margin Against Shares (Equity F&O) Yes
Trading Platform Selfie Platinum, Selfie Gold, Mobile App GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:10 PM
Other Features
Referral Program
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Geojit Vs GCL Securities Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  Geojit GCL Securities
  102 Customer Reviews    Rate Geojit 20 Customer Reviews    Rate GCL Securities
Fees 3.6 4.8
Brokerage 3.3 4.6
Trading Platform 4.0 4.1
Customer Service 3.8 4.3
Research Capabilities 3.2 4.5
Overall Ratings Rated 3.7 stars Rated 4.7 stars
Broker Rating Geojit is rated 3.7 of 5 based on 102 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

  Geojit 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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Geojit Vs GCL Securities Investment Options

  Geojit GCL Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance
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Geojit Vs GCL Securities Order Type Offered

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

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

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

  Geojit GCL Securities
Pros
  • 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. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
  • 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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