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HDFC Securities Vs GCL Securities (Compare HDFC Securities and GCL Securities)

HDFC Securities Ltd Logo

About HDFC Securities
HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account with your existing HDFC bank savings account and existing Demat account. Funds / shares are seamlessly moved from the linked Demat/Bank account to execute the transactions. HDFCsec provides Cash-n-Carry on both NSE and BSE, Day trading on both NSE and... Know more about HDFC Securities Ltd

GCL Securities Pvt Ltd Logo

About 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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HDFC Securities Vs GCL Securities

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 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.

  HDFC Securities GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2002 2004
Number of Branches 270 7
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HDFC Securities Vs GCL Securities Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while GCL Securities account opening changes is Rs 0 (Free). HDFC Securities Demat Account AMC Charges is Rs 750 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  HDFC Securities GCL Securities
Trading Account Opening Charges Rs 999 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 750 Rs 300 per year or Lifetime free AMC for Rs 1250

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HDFC Securities Vs GCL Securities Brokerage

HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

Account Type HDFC Securities Online Trading GCL Securities Premium Plan
Fixed Charges NA NA
Equity Delivery 0.50% 0.20%
Equity Intraday 0.05% 0.02%
Equity Futures 0.05% 0.02%
Equity Options Rs 100 per lot or 1% of the premium (whichever is higher) Rs 25 per lot
Currency Futures Rs 23 per contract 0.01%
Currency Options Rs 20 per contract Rs 15 per lot
Commodity Futures 0.02% for Intraday / 0.025% for positional 0.01%
Commodity Options 0.02% for Intraday / 0.025% for positional Rs 50 per lot
Special Offer
Special Offer: Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

HDFC Securities Vs GCL Securities Brokerage Plan 2

  HDFC Securities GCL Securities
Account Type Online Trading Discount Plan
Fixed Charges NA NA
Equity Delivery 0.50% Rs 25 per lot
Equity Intraday 0.05% Rs 25 per lot
Equity Futures 0.05% Rs 25 per lot
Equity Options Rs 100 per lot or 1% of the premium (whichever is higher) Rs 25 per lot
Currency Futures Rs 23 per contract Rs 25 per lot
Currency Options Rs 20 per contract Rs 25 per lot
Commodity Futures 0.02% for Intraday / 0.025% for positional Rs 25 per lot
Commodity Options 0.02% for Intraday / 0.025% for positional Rs 25 per lot
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HDFC Securities Charges Vs GCL Securities

Minimum Brokerage Rs 25 plus taxes Rs 10 per contract
Other Charges
Call & Trade Charges Rs 0 Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

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HDFC Securities Vs GCL Securities Transaction Charges

HDFC Securities transaction charges for options is 0.050% (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  HDFC Securities GCL Securities
Equity Delivery 0.00325% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday 0.00325% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures .00190% NSE Rs 190 per crore (0.0019%)
Equity Options 0.050% (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures 0.00110% NSE Rs 110 per crore (0.0011%)
Currency Options 0.040% (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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HDFC Securities Vs GCL Securities Leverage (Margin)

HDFC Securities 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.

  HDFC Securities 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)
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Compare HDFC Securities and GCL Securities Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  HDFC Securities GCL Securities
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:30 PM 3:10 PM
Other Features E-Margin, ENCASH,
Referral Program
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HDFC Securities Vs GCL Securities Review

HDFC Securities is rated 2.2 of 5 based on 214 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  HDFC Securities GCL Securities
  214 Customer Reviews    Rate HDFC Securities 20 Customer Reviews    Rate GCL Securities
Fees 2.1 4.8
Brokerage 1.8 4.6
Trading Platform 2.9 4.1
Customer Service 2.5 4.3
Research Capabilities 2.7 4.5
Overall Ratings Rated 2.2 stars Rated 4.7 stars
Broker Rating HDFC Securities is rated 2.2 of 5 based on 214 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

  HDFC Securities Enquire GCL Securities Enquire
Contact Broker Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

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HDFC Securities Vs GCL Securities Investment Options

  HDFC Securities GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

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HDFC Securities Vs GCL Securities Order Type Offered

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

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

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HDFC Securities Vs GCL Securities Suitable For Investor Type

  HDFC Securities GCL Securities
Casual Investor Yes Yes
Active Investor Yes
Trader

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HDFC Securities Vs GCL Securities - Pros and Cons

  HDFC Securities GCL Securities
Pros
  • The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.
  • 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
  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of Rs 25
  • 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

HDFC 3-in-1 Account

HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: Rs 750 demat account AMC is waived when you open your 3-in-1 account.

Interested in opening a trading account? Request Callback from a stock broker.

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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