|
|
Edelweiss
5Paisa
IIFL Sec
Sharekhan
ICICIdirect
HDFC Sec
SBI Capital
Axis Direct
Kotak Sec
TradeSmart
Fyers
Alice Blue
Tradeplus
SAS Online
GCL Sec
Groww
Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... 
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...
Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. 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.
| Groww | GCL Securities | |
|---|---|---|
| Type of Broker | Discount Broker | Full Service Broker |
| Exchnage Membership | NSE and BSE | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 2016 | 2004 |
| Number of Branches | 0 | 7 |
Groww trading account opening charges is Rs 0 while GCL Securities account opening changes is Rs 0 (Free). Groww Demat Account AMC Charges is Rs 0 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.
| Groww | GCL Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | 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 0 | Rs 300 per year or Lifetime free AMC for Rs 1250 |
Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.
| Groww | GCL Securities | |
|---|---|---|
| Account Type | Standard Plan | Premium Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 20 per executed order or 0.05% whichever is lower | 0.20% |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower | 0.02% |
| Equity Futures | NA | 0.02% |
| Equity Options | NA | Rs 25 per lot |
| Currency Futures | NA | 0.01% |
| Currency Options | NA | 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. |
| Groww | GCL Securities | |
|---|---|---|
| Account Type | Standard Plan | Discount Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 20 per executed order or 0.05% whichever is lower | Rs 25 per lot |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower | Rs 25 per lot |
| Equity Futures | NA | Rs 25 per lot |
| Equity Options | NA | Rs 25 per lot |
| Currency Futures | NA | Rs 25 per lot |
| Currency Options | NA | Rs 25 per lot |
| Commodity Futures | NA | Rs 25 per lot |
| Commodity Options | NA | Rs 25 per lot |
| Minimum Brokerage | Rs 20 or 0.05% per executed order | Rs 10 per contract |
| Other Charges | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 | |
| Call & Trade Charges | NA | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan |
Groww transaction charges for options is NA while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
| Groww | 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 | NA | NSE Rs 190 per crore (0.0019%) |
| Equity Options | NA | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | NA | NSE Rs 110 per crore (0.0011%) |
| Currency Options | NA | NSE Rs 110 per crore (0.0011%) |
| Commodity | NA | MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%) |
Groww margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the GCL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Groww | GCL Securities | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
The trading platforms offered Groww include Groww. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
| Groww | GCL Securities | |
|---|---|---|
| 3 in 1 Account |  |
|
| Charting |  |
|
| Automated Trading | |
|
| SMS Alerts | |
|
| Online Demo | |
|
| Online Portfolio | |
|
| Margin Trading Funding | |
|
| Margin Against Shares (Equity Cash) | |
|
| Margin Against Shares (Equity F&O) | |
|
| Trading Platform | Groww | GCL On Time, GCL PRO WEB, ODIN DIET |
| Intraday Square-off Time | 3:10 PM | 3:10 PM |
| Other Features | ||
| Referral Program |
Groww is rated 3.8 of 5 based on 36 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.
| Groww | GCL Securities | |
|---|---|---|
36 Customer Reviews  |
20 Customer Reviews |
|
| Fees |  |
 |
| Brokerage |  |
 |
| Trading Platform |  |
 |
| Customer Service |  |
 |
| Research Capabilities |  |
 |
| Overall Ratings | |
 |
| Broker Rating | Groww is rated 3.8 of 5 based on 36 customer reviews | GCL Securities is rated 4.7 of 5 based on 20 customer reviews |
| Groww Enquire | GCL Securities Enquire | |
|---|---|---|
| Contact Broker | Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback. |
| Groww | GCL Securities | |
|---|---|---|
| Stock / Equity | |
|
| Commodity | |
|
| Currency | |
|
| IPO | |
|
| Mutual Funds | |
|
| Bond / NCD | |
|
| Debt | |
|
| Other Investment Options | Digital Gold, US Stocks, Fixed Deposits |
| Groww | GCL Securities | |
|---|---|---|
| Bracket Order | |
|
| Cover Order | |
|
| Buy Today Sell Tomorrow (BTST) | |
|
| Sell Today Buy Tomorrow (STBT) | |
|
| After Market Order(AMO) | |
|
| Good Till Cancelled (GTC) | |
|
| Groww | GCL Securities | |
|---|---|---|
| Daily Market Report | |
|
| Free Tips | |
|
| Quarterly Result Analysis | |
|
| News Alerts | |
|
| Groww | GCL Securities | |
|---|---|---|
| Casual Investor | |
|
| Active Investor | |
|
| Trader |
| Groww | GCL Securities | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors. |
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. |
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
Contact Groww
