Religare Vs GCL Securities (Compare Religare and GCL Securities)


Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare


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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Religare Vs GCL Securities

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 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.

  Religare GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type My Saver Online Plan Premium Plan
Year of Incorporation 1994 2004
Number of Branches 1500 7
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Religare Vs GCL Securities Charges & AMC

Religare trading account opening charges is Rs 500 while GCL Securities account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Religare GCL Securities
Trading Account Opening Charges Rs 500 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 400 from second year onward Rs 300 per year or Lifetime free AMC for Rs 1250
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Religare Vs GCL Securities Brokerage Charges & Plans

Religare Vs GCL Securities Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Religare GCL Securities
Account Type My Saver Online Plan Premium Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% 0.20%
Equity Intraday 0.050% to 0.010% 0.02%
Equity Futures 0.05% 0.02%
Equity Options Rs 70 per lot Rs 25 per lot
Currency Futures 0.05% 0.01%
Currency Options Rs 30 per lot Rs 15 per lot
Commodity Futures 0.05% 0.01%
Commodity Options Rs 30 per lot Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Religare Vs GCL Securities Brokerage Plan 2

  Religare GCL Securities
Account Type My Saver Online Plan Discount Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% Rs 25 per lot
Equity Intraday 0.050% to 0.010% Rs 25 per lot
Equity Futures 0.05% Rs 25 per lot
Equity Options Rs 70 per lot Rs 25 per lot
Currency Futures 0.05% Rs 25 per lot
Currency Options Rs 30 per lot Rs 25 per lot
Commodity Futures 0.05% Rs 25 per lot
Commodity Options Rs 30 per lot Rs 25 per lot

Religare Charges Vs GCL Securities

Minimum Brokerage 1p per share Rs 10 per contract
Other Charges
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Religare Vs GCL Securities Transaction Charges

Religare transaction charges for options is 0.06% on Premium while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Religare GCL Securities
Equity Delivery 0.0037% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday 0.0037% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures 0.004% NSE Rs 190 per crore (0.0019%)
Equity Options 0.06% on Premium NSE Rs 5000 per crore (0.05%)
Currency Futures 0.004% NSE Rs 110 per crore (0.0011%)
Currency Options 0.06% on Premium NSE Rs 110 per crore (0.0011%)
Commodity 0.0035% MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Religare Vs GCL Securities Leverage (Margin)

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

  Religare GCL Securities
Equity Delivery Upto 4x with 24% interest per year As per exchange VaR + ELM
Equity Intraday Upto 10x Up to 10x (based on stock)
Equity Futures Upto 3x Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options Upto 3x for shorting Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures Upto 2x Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options 2x for shorting Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures Upto 3x 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 Religare and GCL Securities Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Religare 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 No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:10 PM
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs GCL Securities Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.

  Religare GCL Securities
  77 Customer Reviews    Rate Religare 19 Customer Reviews    Rate GCL Securities
Fees 3.2 4.7
Brokerage 3.1 4.6
Trading Platform 3.0 4.1
Customer Service 2.9 4.3
Research Capabilities 3.2 4.5
Overall Ratings Rated 2.9 stars Rated 4.7 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews GCL Securities is rated 4.7 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire GCL Securities Enquire
Contact Broker

Get Free Trading + Demat Account for limited time. Get the offer

Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

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Religare Vs GCL Securities Investment Options

  Religare GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Religare Vs GCL Securities Order Type Offered

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

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

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

  Religare GCL Securities
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • 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
  • EXE Based trading terminal are available for Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).
  • 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

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare 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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Religare GCL Securities
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