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...
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 | |
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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 |
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 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 | 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 |
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 |
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 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% |
The trading platforms offered Groww include Groww. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
Groww | GCL Securities | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 3.9 of 5 based on 9 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.
Groww | GCL Securities | |
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Cons |
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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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Promo / Offers |
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