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

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...

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...

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

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

IIFL Securities Vs GCL Securities Brokerage Charges & Plans

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%.

	IIFL Securities	GCL Securities
Account Type	iServe	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

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

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%)

IIFL Securities Vs GCL Securities Leverage (Margin)

IIFL Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the GCL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	IIFL Securities	GCL Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

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
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 Vs GCL Securities Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

	IIFL Securities	GCL Securities
	118 Customer Reviews	20 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews	GCL Securities is rated 4.7 of 5 based on 20 customer reviews

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.

IIFL Securities Vs GCL Securities Investment Options

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

IIFL Securities Vs GCL Securities Order Type Offered

	IIFL Securities	GCL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

IIFL Securities Vs GCL Securities Research Report

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

IIFL Securities Vs GCL Securities Suitable For Investor Type

	IIFL Securities	GCL Securities
Casual Investor
Active Investor
Trader

IIFL Securities Vs GCL Securities - Pros and Cons

	IIFL Securities	GCL Securities
Pros	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. 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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IIFL Securities	GCL Securities
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