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ICICI Direct Vs GCL Securities (Compare ICICI Direct and GCL Securities)

ICICI Direct
ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ...

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...

ICICI Direct Vs GCL Securities

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 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.

	ICICI Direct	GCL Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX, NCDEX
Year of Incorporation	2000	2004
Number of Branches	154	7

ICICI Direct Vs GCL Securities Charges & AMC

ICICI Direct trading account opening charges is Rs 0 (Free) while GCL Securities account opening changes is Rs 0 (Free). ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

	ICICI Direct	GCL Securities
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 300 per year or Lifetime free AMC for Rs 1250

ICICI Direct Vs GCL Securities Brokerage Charges & Plans

ICICI Direct Vs GCL Securities Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

	ICICI Direct	GCL Securities
Account Type	ICICI Neo Plan	Premium Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	0.20%
Equity Intraday	Rs 20 per order	0.02%
Equity Futures	Rs 0 (Free)	0.02%
Equity Options	Rs 20 per order	Rs 25 per lot
Currency Futures	Rs 20 per order	0.01%
Currency Options	Rs 20 per order	Rs 15 per lot
Commodity Futures	Rs 20 per order	0.01%
Commodity Options	Rs 20 per order	Rs 50 per lot
Special Offer	Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now	Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

ICICI Direct Vs GCL Securities Brokerage Plan 2

	ICICI Direct	GCL Securities
Account Type	I-Secure Plan	Discount Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 25 per lot
Equity Intraday	0.275%	Rs 25 per lot
Equity Futures	0.05%	Rs 25 per lot
Equity Options	Rs 95 per lot	Rs 25 per lot
Currency Futures	Rs 20 per order	Rs 25 per lot
Currency Options	Rs 20 per order	Rs 25 per lot
Commodity Futures	Rs 20 per order	Rs 25 per lot
Commodity Options	Rs 20 per order	Rs 25 per lot

ICICI Direct Charges Vs GCL Securities

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 10 per contract
Other Charges	Margin Trading Interest: 0.025% Per day
Call & Trade Charges	Rs 50 per trade	Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

ICICI Direct Vs GCL Securities Transaction Charges

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

	ICICI Direct	GCL Securities
Equity Delivery	NSE Rs 310 per Cr (0.0031%) \| BSE Rs 280 per Cr (0.0028%) (each side)	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Intraday	NSE Rs 310 per Cr (0.0031%) \| BSE Rs 280 per Cr (0.0028%) (each side)	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Futures	Rs 180 per Cr (0.0018%)	NSE Rs 190 per crore (0.0019%)
Equity Options	Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	Rs 120 per Cr (0.0012%)	NSE Rs 110 per crore (0.0011%)
Currency Options	Rs 5000 per Cr (0.05%) (on premium)	NSE Rs 110 per crore (0.0011%)
Commodity	Group A - Rs 260 per Cr (0.0026%)	MCX Rs 260 per crore (0.0026%) \| NCDEX Rs 600 per crore (0.006%)

ICICI Direct Vs GCL Securities Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the GCL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	ICICI Direct	GCL Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Compare ICICI Direct and GCL Securities Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

	ICICI Direct	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	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time	3:30 PM	3:10 PM
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program

ICICI Direct Vs GCL Securities Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

	ICICI Direct	GCL Securities
	449 Customer Reviews	20 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 449 customer reviews	GCL Securities is rated 4.7 of 5 based on 20 customer reviews

Contact Broker / Request A Call Back

	ICICI Direct Enquire	GCL Securities Enquire
Contact Broker	ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now	Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

ICICI Direct Vs GCL Securities Investment Options

	ICICI Direct	GCL Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs GCL Securities Order Type Offered

	ICICI Direct	GCL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

ICICI Direct Vs GCL Securities Research Report

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

ICICI Direct Vs GCL Securities Suitable For Investor Type

	ICICI Direct	GCL Securities
Casual Investor
Active Investor
Trader

ICICI Direct Vs GCL Securities - Pros and Cons

	ICICI Direct	GCL Securities
Pros	Offers 3-in-1 account which makes stock market investment very easy for casual investors. Wide range of investment options available under one portal. Provides a low bandwidth website which works well where internet connection is slow. GTC (good till cancellation) and off-market hours order placement facility is very useful.	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	ICICI Security charges highest brokerage in comparison to most of the retail brokers in India. Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hours of trading. Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750. Demat Account is mandatory. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	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	ICICIDirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 30 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	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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ICICI Direct	GCL Securities
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