Groww Vs GCL Securities (Compare Groww and GCL Securities)

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
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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

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

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%)

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%

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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 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	1 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
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

Groww Vs GCL Securities Investment Options

	Groww	GCL Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Digital Gold, US Stocks, Fixed Deposits

Groww Vs GCL Securities Order Type Offered

	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 Vs GCL Securities Research Report

	Groww	GCL Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Groww Vs GCL Securities Suitable For Investor Type

	Groww	GCL Securities
Casual Investor
Active Investor
Trader

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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