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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,
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...
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 |
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 |
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 | 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 |
| 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 |
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%) |
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% |
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 |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| 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 |
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  |
1 Customer Reviews |
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| Trading Platform Usability |  |
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| Research Capabilities | |
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| Overall Ratings |  |
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| 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 |
| Karvy Enquire | GCL Securities Enquire | |
|---|---|---|
| Contact Broker |
| Karvy | GCL Securities | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| Initial Public Offers (IPO) | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options |
| Karvy | GCL Securities | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
| Karvy | GCL Securities | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Karvy | GCL Securities | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader |
| Karvy | GCL Securities | |
|---|---|---|
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| 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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