Karvy Vs GCL Securities (Compare Karvy and GCL Securities)

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


Karvy

Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking 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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Karvy Vs GCL Securities

Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 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.

  Karvy GCL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Retail Brokerage Plan Premium Plan
Year of Incorporation 1985 2004
Number of Branches 575 7
Broker Enquiry
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Karvy Vs GCL Securities Charges & AMC

Karvy trading account opening charges is Rs 650 while GCL Securities account opening changes is Rs 0 (Free). Karvy Demat Account AMC Charges is Rs 420 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Karvy GCL Securities
Trading Account Opening Charges Rs 650 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 420 Rs 300 per year or Lifetime free AMC for Rs 1250
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Karvy Vs GCL Securities Brokerage Charges & Plans

Karvy Vs GCL Securities Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Karvy GCL Securities
Account Type Retail Brokerage Plan Premium Plan
Fixed Charges NA
Equity Delivery Brokerage 0.3% 0.20%
Equity Intraday Brokerage 0.03% 0.02%
Equity Futures Brokerage 0.03% 0.02%
Equity Options Brokerage Rs 30 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.03% 0.01%
Currency Options Trading Brokerage Rs 30 per lot Rs 15 per lot
Commodity Futures Trading Brokerage 0.03% 0.01%
Commodity Options Trading Brokerage Rs 30 per lot Rs 50 per lot
Special Offer

Karvy Vs GCL Securities Brokerage Plan 2

  Karvy GCL Securities
Account Type Premium Subscription Plan of 100000 Discount Plan
Fixed Charges Rs 100,000 per year NA
Equity Delivery Brokerage 0.1% Rs 25 per lot
Equity Intraday Brokerage 0.01% Rs 25 per lot
Equity Futures Brokerage 0.01% Rs 25 per lot
Equity Options Brokerage Rs 10 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.01% Rs 25 per lot
Currency Options Trading Brokerage Rs 10 per lot Rs 25 per lot
Commodity Futures Trading Brokerage 0.01% Rs 25 per lot
Commodity Options Trading Brokerage Rs 10 per lot Rs 25 per lot

Karvy Charges Vs GCL Securities

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher Rs 10 per contract
Other Brokerage Charges
Call & Trade Charges Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Karvy Vs GCL Securities Transaction Charges

Karvy transaction charges for options is Rs 5500 while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Karvy GCL Securities
Equity Delivery Rs 325 NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday Rs 325 NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures Rs 230 NSE Rs 190 per crore (0.0019%)
Equity Options Rs 5500 NSE Rs 5000 per crore (0.05%)
Currency Futures Rs 325 NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 110 per crore (0.0011%)
Commodity Rs 300 MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Karvy Vs GCL Securities Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  Karvy GCL Securities
Equity Delivery Upto 5x with 24% interest per year As per exchange VaR + ELM
Equity Intraday Upto 20x Up to 10x (based on stock)
Equity Futures Upto 4x Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options Upto 4x for shorting Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures Nil Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options Nil Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures Upto 4x Intraday - Up to 12x, Carry forward - 100%(1x)
Commodity Options Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
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Compare Karvy and GCL Securities Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Karvy GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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) Yes Yes
Trading Platform NEST, Karvy Web, Trade Mobile GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 3:10 PM
Other Features Ask the expert, The Finapolis
Referral Program
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Karvy Vs GCL Securities Review

Karvy is rated 2.0 of 5 based on 24 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  Karvy GCL Securities
  24 Customer Reviews    Rate Karvy 1 Customer Reviews    Rate GCL Securities
Fees 2.6 5.0
Trading Brokerage 2.4 5.0
Trading Platform Usability 2.7 4.0
Customer Service 2.2 5.0
Research Capabilities 5.0
Overall Ratings Rated 2.0 stars Rated 5.0 stars
Broker Rating Karvy is rated 2.0 of 5 based on 24 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

  Karvy Enquire GCL Securities Enquire
Contact Broker
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Karvy Vs GCL Securities Investment Options

  Karvy 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
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Karvy Vs GCL Securities Order Type Offered

  Karvy 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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Karvy Vs GCL Securities Research Report

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

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

  Karvy GCL Securities
Pros
  1. Pay Rs 1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
  • 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. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
  • 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.

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