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About Motilal Oswal
Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... 
About 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 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 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.
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 1987 | 2004 |
| Number of Branches | 305 | 7 |
| Enquire Motilal Oswal | Enquire GCL Securities |
Motilal Oswal trading account opening charges is Rs 0 while GCL Securities account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | 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 | Free (Rs 400 2nd year onward) | Rs 300 per year or Lifetime free AMC for Rs 1250 |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.
| Account Type | Motilal Oswal Default Plan | GCL Securities Premium Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.50% | 0.20% |
| Equity Intraday | 0.05% (both side) | 0.02% |
| Equity Futures | 0.05% (both side) | 0.02% |
| Equity Options | Rs 100 per lot (both side) | Rs 25 per lot |
| Currency Futures | Rs 20 per lot (both side) | 0.01% |
| Currency Options | Rs 20 per lot (both side) | Rs 15 per lot |
| Commodity Futures | 0.05% (both side) | 0.01% |
| Commodity Options | Rs 50 per lot | |
| Special Offer | Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer |
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback. |
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Account Type | Value Pack (VP2KLT) | Discount Plan |
| Fixed Charges | Rs 2000 (one time fee) | NA |
| Equity Delivery | 0.40% | Rs 25 per lot |
| Equity Intraday | 0.04% (both side) | Rs 25 per lot |
| Equity Futures | 0.04% (both side) | Rs 25 per lot |
| Equity Options | Rs 50 per lot (both side) | Rs 25 per lot |
| Currency Futures | Rs 22 per lot (both side) | Rs 25 per lot |
| Currency Options | Rs 22 per lot (both side) | Rs 25 per lot |
| Commodity Futures | 0.04% (both side) | Rs 25 per lot |
| Commodity Options | Rs 25 per lot | |
| Enquire Motilal Oswal | Enquire GCL Securities |
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Account Type | Value Pack (VP1LACLT) | Premium Plan |
| Fixed Charges | Rs 1,00,000 (one time fee) | NA |
| Equity Delivery | 0.10% | 0.20% |
| Equity Intraday | 0.01% (both side) | 0.02% |
| Equity Futures | 0.01% (both side) | 0.02% |
| Equity Options | Rs 20 per lot (both side) | Rs 25 per lot |
| Currency Futures | Rs 10 per lot (both side) | 0.01% |
| Currency Options | Rs 10 per lot (both side) | Rs 15 per lot |
| Commodity Futures | 0.01% (both side) | 0.01% |
| Commodity Options | Rs 50 per lot | |
| Enquire Motilal Oswal | Enquire GCL Securities |
| Minimum Brokerage | Rs 25 for Delivery and Rs 12 for Intraday | Rs 10 per contract |
| Other Charges | Minimum balance: Rs 1,000 | |
| Call & Trade Charges | Nil | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
| Equity Futures | Rs 200 per Cr (0.002%) | NSE Rs 190 per crore (0.0019%) |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | Rs 125 per Cr (0.00125%) | NSE Rs 110 per crore (0.0011%) |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | NSE Rs 110 per crore (0.0011%) |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%) |
| Enquire Motilal Oswal | Enquire GCL Securities |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the GCL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Enquire Motilal Oswal | Enquire GCL Securities |
The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
| Motilal Oswal | 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 | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Orion Lite, MO Trader App | GCL On Time, GCL PRO WEB, ODIN DIET |
| Intraday Square-off Time | 3:10 PM | |
| Other Features | ||
| Referral Program | |
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| Enquire Motilal Oswal | Enquire GCL Securities |
Motilal Oswal is rated 2.4 of 5 based on 120 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.
| Motilal Oswal | GCL Securities | |
|---|---|---|
120 Customer Reviews  |
20 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.4 of 5 based on 120 customer reviews | GCL Securities is rated 4.7 of 5 based on 20 customer reviews |
| Motilal Oswal Enquire | GCL Securities Enquire | |
|---|---|---|
| Contact Broker | Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer | Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback. |
| Motilal Oswal | GCL Securities | |
|---|---|---|
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| Commodity | |
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| IPO | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance, Derivatives |
| Motilal Oswal | GCL Securities | |
|---|---|---|
| Bracket 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) | |
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| Enquire Motilal Oswal | Enquire GCL Securities |
| Motilal Oswal | 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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| Motilal Oswal | GCL Securities | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| Motilal Oswal | 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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| Promo / Offers | Get Zero AMC for LifetimeMotilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, free access to research & advice and free use of trading platform. This is a limited time offer. Simply leave your contact information with us and Motilal Oswal 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. |
| Enquire Motilal Oswal | Enquire GCL Securities |
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