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IIFL Securities
Incorporated in 1995, IIFL Securities, part of IIFL Group, is one of the largest independent full service stock brokering house serving retail and institutional clients. IIFL Group is a leading financial service provider in India offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology.
IIFL Securities offers online trading and research-based advisory services for an entire range of financial pr... 
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 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 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.
| IIFL Securities | GCL Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| Account Type | Investor Plan (Online Plus) | Premium Plan |
| Year of Incorporation | 1996 | 2004 |
| Number of Branches | 900 | 7 |
IIFL Securities trading account opening charges is Rs 250 (Currently waived off) while GCL Securities account opening changes is Rs 0 (Free). IIFL Securities Demat Account AMC Charges is Rs 250 (Free for first year) and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.
| IIFL Securities | GCL Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 250 (Currently waived off) | 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 250 (Free for first year) | Rs 300 per year or Lifetime free AMC for Rs 1250 |
IIFL Securities brokerage charges for equity is 0.25% and intraday is 0.025% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.
| IIFL Securities | GCL Securities | |
|---|---|---|
| Account Type | Investor Plan (Online Plus) | Premium Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | 0.25% | 0.20% |
| Equity Intraday | 0.025% | 0.02% |
| Equity Futures | 0.025% | 0.02% |
| Equity Options | Rs 25 per lot | Rs 25 per lot |
| Currency Futures | 0.025% or Rs 20 per lot | 0.01% |
| Currency Options | Rs 8 per lot | Rs 15 per lot |
| Commodity Futures | 0.025% | 0.01% |
| Commodity Options | Gold Rs 125 | Silver Rs 80 | Crude Oil Rs 80 | Rs 50 per lot |
| Special Offer | Special Offer: Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer |
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback. |
| IIFL Securities | GCL Securities | |
|---|---|---|
| Account Type | Premium Plan (Dedicated RM) | 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 50 per lot | Rs 25 per lot |
| Currency Futures | 0.05% or Rs 20 per lot | Rs 25 per lot |
| Currency Options | Rs 10 per lot | Rs 25 per lot |
| Commodity Futures | 0.05% | Rs 25 per lot |
| Commodity Options | Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 | Rs 25 per lot |
| IIFL Securities | GCL Securities | |
|---|---|---|
| Account Type | Super Trader Plan (Pro Traders) | Premium Plan |
| Fixed Charges | Rs 999 | NA |
| Equity Delivery | 0.10% | 0.20% |
| Equity Intraday | 0.01% | 0.02% |
| Equity Futures | 0.01% | 0.02% |
| Equity Options | flat Rs 10 per lot | Rs 25 per lot |
| Currency Futures | 0.015% or Rs 15 per lot | 0.01% |
| Currency Options | flat Rs 5 per lot | Rs 15 per lot |
| Commodity Futures | 0.015% | 0.01% |
| Commodity Options | Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 | Rs 50 per lot |
| Minimum Brokerage | Rs 0.05 per share (Rs 25 Min) | Rs 10 per contract |
| Other Charges | Advisory SMS - Rs 50 per month | |
| Call & Trade Charges | Rs 50 per call | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan |
IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
| IIFL Securities | GCL Securities | |
|---|---|---|
| Equity Delivery | Rs 325 per Cr (0.00325%) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
| Equity Intraday | Rs 325 per Cr (0.00325%) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
| Equity Futures | Rs 210 per Cr (0.0021%) | NSE Rs 190 per crore (0.0019%) |
| Equity Options | Rs 5100 per Cr (0.051%) (on premium) | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | Rs 210 per Cr (0.0021%) | NSE Rs 110 per crore (0.0011%) |
| Currency Options | Rs 5100 per Cr (0.051%) (on premium) | NSE Rs 110 per crore (0.0011%) |
| Commodity | Group A - Rs 280 per Cr (0.0028%) | MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%) |
IIFL Securities provides the margin of Upto 20x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).
| IIFL Securities | GCL Securities | |
|---|---|---|
| Equity Delivery | Upto 3x (18% Annual Interest) | As per exchange VaR + ELM |
| Equity Intraday | Upto 20x | Up to 10x (based on stock) |
| Equity Futures | Upto 3x | Intraday - Up to 10x, Carry forward - 100%(1x) |
| Equity Options | 3x for shorting | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
| Currency Futures | Upto 2x | Intraday - Up to 6x, Carry forward - 100%(1x) |
| Currency Options | 2x for shorting | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
| Commodity Futures | Upto 3x | Intraday - Up to 12x, Carry forward - 100%(1x) |
| Commodity Options | Upto 3x | Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
| IIFL Securities | 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 | IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App | GCL On Time, GCL PRO WEB, ODIN DIET |
| Intraday Square-off Time | 3:10 PM | |
| Other Features | ||
| Referral Program |
IIFL Securities is rated 2.7 of 5 based on 113 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.
| IIFL Securities | GCL Securities | |
|---|---|---|
113 Customer Reviews  |
19 Customer Reviews |
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| Fees |  |
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| Brokerage |  |
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| Trading Platform |  |
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| Customer Service |  |
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| Research Capabilities |  |
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| Overall Ratings | |
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| Broker Rating | IIFL Securities is rated 2.7 of 5 based on 113 customer reviews | GCL Securities is rated 4.7 of 5 based on 19 customer reviews |
| IIFL Securities Enquire | GCL Securities Enquire | |
|---|---|---|
| Contact Broker |
Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer |
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback. |
| IIFL Securities | GCL Securities | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
|
| Currency | |
|
| IPO | |
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| Mutual Funds | |
|
| Bond / NCD | |
|
| Debt | |
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| Other Investment Options | Insurance |
| IIFL Securities | GCL Securities | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
|
| Sell Today Buy Tomorrow (STBT) | |
|
| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
|
| IIFL Securities | GCL Securities | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
|
| Quarterly Result Analysis | |
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| News Alerts | |
|
| IIFL Securities | GCL Securities | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
|
| Trader | |
| IIFL Securities | GCL Securities | |
|---|---|---|
| Pros |
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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. |
|
| Promo / Offers | Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer | 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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