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

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


ICICI Direct
ICICI Direct is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities 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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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
Supported Exchnages BSE, NSE BSE, NSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Premium Plan
Year of Incorporation 2000 2004
Number of Branches 154 7
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs GCL Securities Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while GCL Securities account opening changes is Rs 0 (Free). ICICI Direct Demat Account AMC Charges is Rs 700 (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 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 700 (from 2nd year) Rs 300 per year or Lifetime free AMC for Rs 1250
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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 0.275% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  ICICI Direct GCL Securities
Account Type 3-in-1 Account (I-Secure Plan) Premium Plan
Fixed Charges NA
Equity Delivery Brokerage 0.55% 0.20%
Equity Intraday Brokerage 0.275% 0.02%
Equity Futures Brokerage 0.05% to 0.03% 0.02%
Equity Options Brokerage Rs 95 to Rs 35 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.01%
Currency Options Trading Brokerage Rs 25 to Rs 10 per lot Rs 15 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA Rs 50 per lot
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Vs GCL Securities Brokerage Plan 2

  ICICI Direct GCL Securities
Account Type I-Saver Plan Discount Plan
Fixed Charges NA
Equity Delivery Brokerage 0.75% to 0.25% Rs 25 per lot
Equity Intraday Brokerage 0.75% to 0.25% Rs 25 per lot
Equity Futures Brokerage 0.05% to 0.03% Rs 25 per lot
Equity Options Brokerage Rs 95 to Rs 65 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% Rs 25 per lot
Currency Options Trading Brokerage 0.25 to Rs 65 per lot Rs 25 per lot
Commodity Futures Trading Brokerage NA Rs 25 per lot
Commodity Options Trading Brokerage NA Rs 25 per lot

ICICI Direct Vs GCL Securities Brokerage Plan 3

  ICICI Direct GCL Securities
Account Type ICICIdirect Prime Plan Premium Plan
Fixed Charges Rs 900 NA
Equity Delivery Brokerage 0.25% 0.20%
Equity Intraday Brokerage 0.25% 0.02%
Equity Futures Brokerage 0.025% 0.02%
Equity Options Brokerage Rs 35 Rs 25 per lot
Currency Futures Trading Brokerage Rs 0 0.01%
Currency Options Trading Brokerage Rs 0 Rs 15 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA Rs 50 per lot

ICICI Direct Charges Vs GCL Securities

Minimum Brokerage Charges Rs 35 per trade Rs 10 per contract
Other Brokerage Charges
Call & Trade Charges Rs 25 per call after first 20 free calls per month Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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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 NA MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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ICICI Direct Vs GCL Securities Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  ICICI Direct GCL Securities
Equity Delivery 5x with Interest As per exchange VaR + ELM
Equity Intraday Upto 25x Up to 10x (based on stock)
Equity Futures 4x Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options 2x for shorting 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 Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
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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 Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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
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ICICI Direct Vs GCL Securities Review

ICICI Direct is rated 2.4 of 5 based on 433 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  ICICI Direct GCL Securities
  433 Customer Reviews    Rate ICICI Direct 1 Customer Reviews    Rate GCL Securities
Fees 2.3 5.0
Trading Brokerage 1.7 5.0
Trading Platform Usability 3.4 4.0
Customer Service 2.7 5.0
Research Capabilities 3.2 5.0
Overall Ratings Rated 2.4 stars Rated 5.0 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 433 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

  ICICI Direct Enquire GCL Securities Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

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ICICI Direct Vs GCL Securities Investment Options

  ICICI Direct GCL Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICI Direct Vs GCL Securities Order Type Offered

  ICICI Direct GCL Securities
Bracket Order No 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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ICICI Direct Vs GCL Securities Research Report

  ICICI Direct GCL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs GCL Securities Suitable For Investor Type

  ICICI Direct GCL Securities
Casual Investor Yes Yes
Active Investor Yes
Trader
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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.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.
  • 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

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

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

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ICICI Direct GCL Securities
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