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

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


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... Know more about IIFL 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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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
Supported Exchnages 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
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs GCL Securities Charges & AMC

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
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IIFL Securities Vs GCL Securities Brokerage Charges & Plans

IIFL Securities Vs GCL Securities Brokerage

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 Brokerage 0.25% 0.20%
Equity Intraday Brokerage 0.025% 0.02%
Equity Futures Brokerage 0.025% 0.02%
Equity Options Brokerage Rs 25 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.025% or Rs 20 per lot 0.01%
Currency Options Trading Brokerage Rs 8 per lot Rs 15 per lot
Commodity Futures Trading Brokerage 0.025% 0.01%
Commodity Options Trading Brokerage 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

IIFL Securities Vs GCL Securities Brokerage Plan 2

  IIFL Securities GCL Securities
Account Type Premium Plan (Dedicated RM) Discount Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.50% Rs 25 per lot
Equity Intraday Brokerage 0.05% Rs 25 per lot
Equity Futures Brokerage 0.05% Rs 25 per lot
Equity Options Brokerage Rs 50 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.05% or Rs 20 per lot Rs 25 per lot
Currency Options Trading Brokerage Rs 10 per lot Rs 25 per lot
Commodity Futures Trading Brokerage 0.05% Rs 25 per lot
Commodity Options Trading Brokerage Gold Rs 150 | Silver Rs 100 | Crude Oil Rs 100 Rs 25 per lot

IIFL Securities Vs GCL Securities Brokerage Plan 3

  IIFL Securities GCL Securities
Account Type Super Trader Plan (Pro Traders) Premium Plan
Fixed Charges Rs 999 NA
Equity Delivery Brokerage 0.10% 0.20%
Equity Intraday Brokerage 0.01% 0.02%
Equity Futures Brokerage 0.01% 0.02%
Equity Options Brokerage flat Rs 10 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.015% or Rs 15 per lot 0.01%
Currency Options Trading Brokerage flat Rs 5 per lot Rs 15 per lot
Commodity Futures Trading Brokerage 0.015% 0.01%
Commodity Options Trading Brokerage Gold Rs 80 | Silver Rs 50 | Crude Oil Rs 50 Rs 50 per lot

IIFL Securities Charges Vs GCL Securities

Minimum Brokerage Charges Rs 0.05 per share (Rs 25 Min) Rs 10 per contract
Other Brokerage 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 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%
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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 Available 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 112 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  IIFL Securities GCL Securities
  112 Customer Reviews    Rate IIFL Securities 1 Customer Reviews    Rate GCL Securities
Fees 2.9 5.0
Trading Brokerage 2.6 5.0
Trading Platform Usability 3.3 4.0
Customer Service 2.8 5.0
Research Capabilities 3.6 5.0
Overall Ratings Rated 2.7 stars Rated 5.0 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 112 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

  IIFL Securities Enquire GCL Securities Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto Rs 1150). Get the exclusive offer

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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
Initial Public Offers (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
Trader Yes
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IIFL Securities Vs GCL Securities - Pros and Cons

  IIFL Securities GCL Securities
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd 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
  1. SMS alerts at additional Rs 249 per month
  2. Demat debit charges is 0.05% (Minimum Rs 15 - Maximum Rs 100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.
  • 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 Open IIFL Demat & Trading Account & Save upto Rs 1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

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