iTradeOnline Vs GCL Securities (Compare iTradeOnline and GCL Securities)


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline


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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iTradeOnline Vs GCL Securities

Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 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.

  iTradeOnline GCL Securities
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 2004
Number of Branches 7
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iTradeOnline Vs GCL Securities Charges & AMC

iTradeOnline trading account opening charges is Rs 0 (Free) while GCL Securities account opening changes is Rs 0 (Free). iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  iTradeOnline GCL Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Regular: Rs 0, Lifetime Free AMC: Rs 1000 Rs 0 (Free)
Demat Account AMC Charges Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 Rs 300 per year or Lifetime free AMC for Rs 1250
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iTradeOnline Vs GCL Securities Brokerage Charges & Plans

iTradeOnline Vs GCL Securities Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  iTradeOnline GCL Securities
Account Type Pay Per Trade Premium Plan
Fixed Charges Rs 0 NA
Equity Delivery Rs 20 per executed order or .01% whichever is lower 0.20%
Equity Intraday Rs 20 per executed order or .01% whichever is lower 0.02%
Equity Futures Rs 20 per executed order or .01% whichever is lower 0.02%
Equity Options Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Currency Futures Rs 20 per executed order or .01% whichever is lower 0.01%
Currency Options Rs 20 per executed order or .01% whichever is lower Rs 15 per lot
Commodity Futures Rs 20 per executed order or .01% whichever is lower 0.01%
Commodity Options Rs 50 per lot
Special Offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

iTradeOnline Vs GCL Securities Brokerage Plan 2

  iTradeOnline GCL Securities
Account Type Pay Per Trade Discount Plan
Fixed Charges Rs 0 NA
Equity Delivery Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Equity Intraday Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Equity Futures Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Equity Options Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Currency Futures Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Currency Options Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Commodity Futures Rs 20 per executed order or .01% whichever is lower Rs 25 per lot
Commodity Options Rs 25 per lot

iTradeOnline Charges Vs GCL Securities

Minimum Brokerage Rs 0 (No Minimum Brokerage) Rs 10 per contract
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 0 (Free) Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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iTradeOnline Vs GCL Securities Transaction Charges

iTradeOnline transaction charges for options is NSE Rs 5000 per crore (0.05%) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  iTradeOnline GCL Securities
Equity Delivery NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 325 per crore | BSE Rs 1.5/trade (each side) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 190 per crore (0.0019%) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5000 per crore (0.05%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500 NSE Rs 110 per crore (0.0011%)
Commodity MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%) MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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iTradeOnline Vs GCL Securities Leverage (Margin)

iTradeOnline 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.

  iTradeOnline 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)
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Compare iTradeOnline and GCL Securities Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  iTradeOnline 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
Margin Against Shares (Equity F&O) Yes
Trading Platform Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM 3:10 PM
Other Features
Referral Program
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iTradeOnline Vs GCL Securities Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  iTradeOnline GCL Securities
  7 Customer Reviews    Rate iTradeOnline 20 Customer Reviews    Rate GCL Securities
Fees 3.9 4.8
Brokerage 4.1 4.6
Trading Platform 3.9 4.1
Customer Service 3.7 4.3
Research Capabilities 1.0 4.5
Overall Ratings Rated 4.0 stars Rated 4.7 stars
Broker Rating iTradeOnline is rated 4.0 of 5 based on 7 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

  iTradeOnline Enquire GCL Securities Enquire
Contact Broker Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.
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iTradeOnline Vs GCL Securities Investment Options

  iTradeOnline GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt Yes Yes
Other Investment Options Insurance, Wealth Management
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iTradeOnline Vs GCL Securities Order Type Offered

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

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

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

  iTradeOnline GCL Securities
Pros
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
  • 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
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
  • 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

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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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