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IIFL Securities Vs GCL Securities (Compare IIFL Securities and GCL Securities)

IIFL Securities Ltd Logo

About IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider 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 products as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd

GCL Securities Pvt Ltd Logo

About 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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IIFL Securities Vs GCL Securities

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
Year of Incorporation 1996 2004
Number of Branches 900 7
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IIFL Securities Vs GCL Securities Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while GCL Securities account opening changes is Rs 0 (Free). IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st 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 0 (Free) 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 1st year) Rs 300 per year or Lifetime free AMC for Rs 1250

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IIFL Securities Vs GCL Securities Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

Account Type IIFL Securities iServe GCL Securities Premium Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 20 per order 0.02%
Equity Futures Rs 20 per order 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: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

IIFL Securities Vs GCL Securities Brokerage Plan 2

  IIFL Securities GCL Securities
Account Type iServe Discount Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 25 per lot
Equity Intraday Rs 20 per order Rs 25 per lot
Equity Futures Rs 20 per order Rs 25 per lot
Equity Options Rs 20 per order 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
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IIFL Securities Charges Vs GCL Securities

Minimum Brokerage 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

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IIFL Securities Vs GCL Securities Transaction Charges

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%)
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IIFL Securities Vs GCL Securities Leverage (Margin)

IIFL Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the GCL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  IIFL Securities GCL Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare IIFL Securities and GCL Securities Features

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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
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
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IIFL Securities Vs GCL Securities Review

IIFL Securities is rated 2.7 of 5 based on 120 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  IIFL Securities GCL Securities
  120 Customer Reviews    Rate IIFL Securities 20 Customer Reviews    Rate GCL Securities
Fees 2.8 4.8
Brokerage 2.6 4.6
Trading Platform 3.2 4.1
Customer Service 2.7 4.3
Research Capabilities 3.3 4.5
Overall Ratings Rated 2.7 stars Rated 4.7 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 120 customer reviews GCL Securities is rated 4.7 of 5 based on 20 customer reviews

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Contact Broker / Request A Call Back

  IIFL Securities Enquire GCL Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

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IIFL Securities Vs GCL Securities Investment Options

  IIFL Securities GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance

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IIFL Securities Vs GCL Securities Order Type Offered

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

  IIFL Securities GCL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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IIFL Securities Vs GCL Securities Suitable For Investor Type

  IIFL Securities GCL Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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IIFL Securities Vs GCL Securities - Pros and Cons

  IIFL Securities GCL Securities
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  • 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
  • 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

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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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