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The side-by-side comparison of Master Trust and GCL Securities. Compare Master Trust Vs GCL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Master Trust vs GCL Securities?
Master Trust
Master Trust is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India.
Master Trust Group entered in to discount brokerage business in Aug 2014. Master Trust offers both flat fees per trade and standard trading plan. They have PAN India presence with a client base of 2,50,000 which covers 300+ locations across 22 states of India
Master Trust has f... 
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 , Master Trust 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.
| Master Trust | GCL Securities | |
|---|---|---|
| Type of Broker | Discount Broker | Full Service Broker |
| Supported Exchnages | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX |
| Account Type | 20:20 Plan | Premium Plan |
| Year of Incorporation | 2004 | |
| Number of Branches | 7 | |
| Broker Enquiry |
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Master Trust trading account opening charges is Rs 100 while GCL Securities account opening changes is Rs 0 (Free). Master Trust Demat Account AMC Charges is Rs 300 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.
| Master Trust | GCL Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 100 | Rs 0 (Free) |
| Trading Account AMC Charges | Nil | Rs 0 (Free) |
| Demat Account Opening Charges | Nil | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 | Rs 300 per year or Lifetime free AMC for Rs 1250 |
Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.
| Master Trust | GCL Securities | |
|---|---|---|
| Account Type | 20:20 Plan | Premium Plan |
| Fixed Charges | NA | |
| Equity Delivery Brokerage | Rs 0 (Free) | 0.20% |
| Equity Intraday Brokerage | Rs 20 per executed order | 0.02% |
| Equity Futures Brokerage | Rs 20 per executed order | 0.02% |
| Equity Options Brokerage | Rs 20 per executed order | Rs 25 per lot |
| Currency Futures Trading Brokerage | Rs 20 per executed order | 0.01% |
| Currency Options Trading Brokerage | Rs 20 per executed order | Rs 15 per lot |
| Commodity Futures Trading Brokerage | Rs 20 per executed order | 0.01% |
| Commodity Options Trading Brokerage | Rs 20 per executed order | Rs 50 per lot |
| Special Offer |
| Master Trust | GCL Securities | |
|---|---|---|
| Account Type | Standard Plan | Discount Plan |
| Fixed Charges | NA | |
| Equity Delivery Brokerage | 0.30% | Rs 25 per lot |
| Equity Intraday Brokerage | 0.03% | Rs 25 per lot |
| Equity Futures Brokerage | 0.03% | Rs 25 per lot |
| Equity Options Brokerage | Rs 75 per lot | Rs 25 per lot |
| Currency Futures Trading Brokerage | 0.03% | Rs 25 per lot |
| Currency Options Trading Brokerage | Rs 10 per lot | Rs 25 per lot |
| Commodity Futures Trading Brokerage | 0.30% | Rs 25 per lot |
| Commodity Options Trading Brokerage | Rs 75 per lot | Rs 25 per lot |
| Master Trust | GCL Securities | |
|---|---|---|
| Account Type | My Plan | Premium Plan |
| Fixed Charges | Annual brokerage of Rs 1000 | NA |
| Equity Delivery Brokerage | 25% off on existing brokerage plan | 0.20% |
| Equity Intraday Brokerage | 25% off on existing brokerage plan | 0.02% |
| Equity Futures Brokerage | 25% off on existing brokerage plan | 0.02% |
| Equity Options Brokerage | 25% off on existing brokerage plan | Rs 25 per lot |
| Currency Futures Trading Brokerage | 25% off on existing brokerage plan | 0.01% |
| Currency Options Trading Brokerage | 25% off on existing brokerage plan | Rs 15 per lot |
| Commodity Futures Trading Brokerage | 25% off on existing brokerage plan | 0.01% |
| Commodity Options Trading Brokerage | 25% off on existing brokerage plan | Rs 50 per lot |
| Minimum Brokerage Charges | Rs 0 | Rs 10 per contract |
| Other Brokerage Charges | ||
| Call & Trade Charges | Rs 20 per executed order | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan |
Master Trust transaction charges for options is NSE Rs 6000 | BSE Rs 3500 while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
| Master Trust | GCL Securities | |
|---|---|---|
| Equity Delivery | NSE Rs 325 | BSE Rs 325 | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
| Equity Intraday | NSE Rs 325 | BSE Rs 325 | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
| Equity Futures | NSE Rs 300 | BSE Rs 150 | NSE Rs 190 per crore (0.0019%) |
| Equity Options | NSE Rs 6000 | BSE Rs 3500 | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | NSE Rs 120 | BSE Rs 100 | NSE Rs 110 per crore (0.0011%) |
| Currency Options | NSE Rs 4200 | BSE Rs 1000 | NSE Rs 110 per crore (0.0011%) |
| Commodity | MCX Rs 250 | MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%) |
Master Trust provides the margin of Upto 16x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).
| Master Trust | GCL Securities | |
|---|---|---|
| Equity Delivery | 1x for fixed brokerage plan; Upto 4.5x for standard plan | As per exchange VaR + ELM |
| Equity Intraday | Upto 16x | Up to 10x (based on stock) |
| Equity Futures | 6x | Intraday - Up to 10x, Carry forward - 100%(1x) |
| Equity Options | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% | |
| Currency Futures | 6x | Intraday - Up to 6x, Carry forward - 100%(1x) |
| Currency Options | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% | |
| Commodity Futures | 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 Master Trust include OMNESYS NEST. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
| Master Trust | GCL Securities | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
|
| 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 | OMNESYS NEST | GCL On Time, GCL PRO WEB, ODIN DIET |
| Intraday Square-off Time | 3:10 PM | |
| Other Features | ||
| Referral Program |
Master Trust is rated 3.9 of 5 based on 12 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.
| Master Trust | GCL Securities | |
|---|---|---|
12 Customer Reviews  |
1 Customer Reviews |
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| Fees |  |
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| Trading Brokerage |  |
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| Trading Platform Usability |  |
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| Customer Service |  |
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| Research Capabilities | |
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| Overall Ratings | |
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| Broker Rating | Master Trust is rated 3.9 of 5 based on 12 customer reviews | GCL Securities is rated 5.0 of 5 based on 1 customer reviews |
| Master Trust Enquire | GCL Securities Enquire | |
|---|---|---|
| Contact Broker |
| Master Trust | 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 | Mutual Funds |
| Master Trust | 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) | |
| Master Trust | 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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| Master Trust | GCL Securities | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| Master Trust | 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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