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...
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 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 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 | |
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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 |
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 | |
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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 | 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 | 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 |
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 |
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%) |
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% |
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 | |
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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 | 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 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 | |
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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 | ICICI 3-in-1 AccountICICI 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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