IDBI Capital Vs GCL Securities (Compare IDBI Capital and GCL Securities)

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


IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities 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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IDBI Capital Vs GCL Securities

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 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.

  IDBI Capital GCL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, NSDL BSE, NSE, MCX, NCDEX
Account Type Standard Plan Premium Plan
Year of Incorporation 1993 2004
Number of Branches 14 7
Broker Enquiry Open an Online Trading Account with IDBI Capital. Leave your contact info and we will get in touch with you.
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IDBI Capital Vs GCL Securities Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while GCL Securities account opening changes is Rs 0 (Free). IDBI Capital Demat Account AMC Charges is Rs 450 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  IDBI Capital GCL Securities
Trading Account Opening Charges Rs 500 Rs 0 (Free)
Trading Account AMC Charges NIL Rs 0 (Free)
Demat Account Opening Charges NIL Rs 0 (Free)
Demat Account AMC Charges Rs 450 Rs 300 per year or Lifetime free AMC for Rs 1250
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IDBI Capital Vs GCL Securities Brokerage Charges & Plans

IDBI Capital Vs GCL Securities Brokerage

IDBI Capital 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%.

  IDBI Capital GCL Securities
Account Type Standard Plan Premium Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.20%
Equity Intraday Brokerage 0.05% 0.02%
Equity Futures Brokerage 0.05% 0.02%
Equity Options Brokerage Rs 100 per lot 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

IDBI Capital Vs GCL Securities Brokerage Plan 2

  IDBI Capital GCL Securities
Account Type Ace Trader Plan Discount Plan
Fixed Charges NA
Equity Delivery Brokerage 0.10% to 0.50% Rs 25 per lot
Equity Intraday Brokerage 0.020% to 0.050% Rs 25 per lot
Equity Futures Brokerage 0.020% to 0.048% Rs 25 per lot
Equity Options Brokerage Rs 100 per lot Rs 25 per lot
Currency Futures Trading Brokerage Rs 25 per lot
Currency Options Trading Brokerage Rs 25 per lot
Commodity Futures Trading Brokerage Rs 25 per lot
Commodity Options Trading Brokerage Rs 25 per lot

IDBI Capital Charges Vs GCL Securities

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 10 per contract
Other Brokerage Charges
Call & Trade Charges Nil Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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IDBI Capital Vs GCL Securities Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  IDBI Capital 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 0.0019% NSE Rs 190 per crore (0.0019%)
Equity Options 0.051% on premium 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%)
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IDBI Capital Vs GCL Securities Leverage (Margin)

IDBI Capital provides the margin of Upto 4x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  IDBI Capital GCL Securities
Equity Delivery Nil As per exchange VaR + ELM
Equity Intraday Upto 4x Up to 10x (based on stock)
Equity Futures Nil Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options Nil Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures Nil Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options Nil Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures Nil 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 IDBI Capital and GCL Securities Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  IDBI Capital 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 Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Power Pro, Power Streaming, IDBI Direct GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:00 PM 3:10 PM
Other Features Morning Report, Equity SIP, Investment Guide
Referral Program
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IDBI Capital Vs GCL Securities Review

IDBI Capital is rated 2.7 of 5 based on 38 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  IDBI Capital GCL Securities
  38 Customer Reviews    Rate IDBI Capital 1 Customer Reviews    Rate GCL Securities
Fees 3.2 5.0
Trading Brokerage 2.6 5.0
Trading Platform Usability 2.6 4.0
Customer Service 2.9 5.0
Research Capabilities 3.0 5.0
Overall Ratings Rated 2.7 stars Rated 5.0 stars
Broker Rating IDBI Capital is rated 2.7 of 5 based on 38 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

  IDBI Capital Enquire GCL Securities Enquire
Contact Broker

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IDBI Capital Vs GCL Securities Investment Options

  IDBI Capital GCL Securities
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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IDBI Capital Vs GCL Securities Order Type Offered

  IDBI Capital GCL Securities
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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IDBI Capital Vs GCL Securities Research Report

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

  IDBI Capital GCL Securities
Casual Investor Yes Yes
Active Investor Yes
Trader
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IDBI Capital Vs GCL Securities - Pros and Cons

  IDBI Capital GCL Securities
Pros - Prepaid plans are available for volume traders.
  • 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 - Additional charge of Rs 2000 per year for installable trading platform.
  • 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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