Groww Vs GCL Securities (Compare Groww and GCL Securities)

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


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... Know more about Nextbillion Technology pvt 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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Groww Vs GCL Securities

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
Supported Exchnages NSE and BSE BSE, NSE, MCX, NCDEX
Account Type Standard Plan Premium Plan
Year of Incorporation 2016 2004
Number of Branches 0 7
Broker Enquiry
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Groww Vs GCL Securities Charges & AMC

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
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Groww Vs GCL Securities Brokerage Charges & Plans

Groww Vs GCL Securities Brokerage

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 Brokerage Rs 20 per executed order or 0.05% whichever is lower 0.20%
Equity Intraday Brokerage Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Futures Brokerage NA 0.02%
Equity Options Brokerage NA Rs 25 per lot
Currency Futures Trading Brokerage NA 0.01%
Currency Options Trading Brokerage NA Rs 15 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA Rs 50 per lot
Special Offer

Groww Vs GCL Securities Brokerage Plan 2

  Groww GCL Securities
Account Type Standard Plan Discount Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 20 per executed order or 0.05% whichever is lower Rs 25 per lot
Equity Intraday Brokerage Rs 20 per executed order or 0.05% whichever is lower Rs 25 per lot
Equity Futures Brokerage NA Rs 25 per lot
Equity Options Brokerage NA Rs 25 per lot
Currency Futures Trading Brokerage NA Rs 25 per lot
Currency Options Trading Brokerage NA Rs 25 per lot
Commodity Futures Trading Brokerage NA Rs 25 per lot
Commodity Options Trading Brokerage NA Rs 25 per lot

Groww Charges Vs GCL Securities

Minimum Brokerage Charges Rs 20 or 0.05% per executed order Rs 10 per contract
Other Brokerage 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
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Groww Vs GCL Securities Transaction Charges

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%)
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Groww Vs GCL Securities Leverage (Margin)

Groww provides the margin of Up to 8x (based on the stock) for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  Groww GCL Securities
Equity Delivery 1x (no margin) As per exchange VaR + ELM
Equity Intraday Up to 8x (based on the stock) Up to 10x (based on stock)
Equity Futures NA Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options NA Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures NA Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options NA 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 NA Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
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Compare Groww and GCL Securities Features

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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) No Yes
Margin Against Shares (Equity F&O) No Yes
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
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Groww Vs GCL Securities Review

Groww is rated 3.9 of 5 based on 9 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  Groww GCL Securities
  9 Customer Reviews    Rate Groww 1 Customer Reviews    Rate GCL Securities
Fees 4.3 5.0
Trading Brokerage 4.3 5.0
Trading Platform Usability 3.7 4.0
Customer Service 3.6 5.0
Research Capabilities 2.2 5.0
Overall Ratings Rated 3.9 stars Rated 5.0 stars
Broker Rating Groww is rated 3.9 of 5 based on 9 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

  Groww Enquire GCL Securities Enquire
Contact Broker
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Groww Vs GCL Securities Investment Options

  Groww GCL Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Groww Vs GCL Securities Order Type Offered

  Groww GCL Securities
Bracket Order No No
Cover Order No 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) No Yes
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Groww Vs GCL Securities Research Report

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

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

  Groww 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
  • 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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