RMoney Vs GCL Securities (Compare RMoney and GCL Securities)

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


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt 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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RMoney Vs GCL Securities

Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. 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.

  RMoney GCL Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Account Type Zero Brokerage Plans Premium Plan
Year of Incorporation 2004
Number of Branches 7
Broker Enquiry Open an Online Trading Account with RMoney. Leave your contact info and we will get in touch with you.
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RMoney Vs GCL Securities Charges & AMC

RMoney trading account opening charges is Rs 199 while GCL Securities account opening changes is Rs 0 (Free). RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free) and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  RMoney GCL Securities
Trading Account Opening Charges Rs 199 Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 0 for lifetime (Free) Rs 300 per year or Lifetime free AMC for Rs 1250
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RMoney Vs GCL Securities Brokerage Charges & Plans

RMoney Vs GCL Securities Brokerage

RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  RMoney GCL Securities
Account Type Zero Brokerage Plans Premium Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 (Free) 0.20%
Equity Intraday Brokerage Rs 18 per executed order or .01% whichever is lower 0.02%
Equity Futures Brokerage Rs 18 per executed order or .01% whichever is lower 0.02%
Equity Options Brokerage Rs 18 per executed order or .01% whichever is lower Rs 25 per lot
Currency Futures Trading Brokerage Rs 18 per executed order or .01% whichever is lower 0.01%
Currency Options Trading Brokerage Rs 18 per executed order or .01% whichever is lower Rs 15 per lot
Commodity Futures Trading Brokerage Rs 18 per executed order or .01% whichever is lower 0.01%
Commodity Options Trading Brokerage Rs 50 per lot
Special Offer
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

RMoney Vs GCL Securities Brokerage Plan 2

  RMoney GCL Securities
Account Type Happy Service Plan Discount Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.10% to 0.40% Rs 25 per lot
Equity Intraday Brokerage 0.01% to 0.04% Rs 25 per lot
Equity Futures Brokerage 0.005% to 0.02% Rs 25 per lot
Equity Options Brokerage Rs 20 to Rs 80 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.005% to 0.02% Rs 25 per lot
Currency Options Trading Brokerage 0.005% to 0.02% Rs 25 per lot
Commodity Futures Trading Brokerage 0.005% to 0.02% Rs 25 per lot
Commodity Options Trading Brokerage Rs 25 per lot

RMoney Charges Vs GCL Securities

Minimum Brokerage Charges Rs 0 Rs 10 per contract
Other Brokerage Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 0 (Unlimited Calls) Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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RMoney Vs GCL Securities Transaction Charges

RMoney transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  RMoney GCL Securities
Equity Delivery NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE, BSE - Rs 150 per crore (0.0015%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE, BSE - Rs 7500 (on premium) per crore (0.075%) NSE Rs 110 per crore (0.0011%)
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%) MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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RMoney Vs GCL Securities Leverage (Margin)

RMoney provides the margin of 20x (5%) (Intraday Only) for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  RMoney GCL Securities
Equity Delivery Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5) As per exchange VaR + ELM
Equity Intraday 20x (5%) (Intraday Only) Up to 10x (based on stock)
Equity Futures Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%) Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures Intraday - 100X (1%) Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options Intraday - 100X (1%) Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures Intraday - 77X (1.3%) 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 RMoney and GCL Securities Features

The trading platforms offered RMoney include RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications). GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  RMoney 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 Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time Equity 3:15 PM 3:10 PM
Other Features
Referral Program
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RMoney Vs GCL Securities Review

RMoney is rated 3.8 of 5 based on 4 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  RMoney GCL Securities
  4 Customer Reviews    Rate RMoney 1 Customer Reviews    Rate GCL Securities
Fees 4.8 5.0
Trading Brokerage 4.5 5.0
Trading Platform Usability 4.0 4.0
Customer Service 4.0 5.0
Research Capabilities 3.0 5.0
Overall Ratings Rated 3.8 stars Rated 5.0 stars
Broker Rating RMoney is rated 3.8 of 5 based on 4 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

  RMoney Enquire GCL Securities Enquire
Contact Broker

RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

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RMoney Vs GCL Securities Investment Options

  RMoney 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 Corporate FD, Life Instance, General Insurance
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RMoney Vs GCL Securities Order Type Offered

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

  RMoney GCL Securities
Daily Market Report Yes Yes
Free Tips No Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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RMoney Vs GCL Securities Suitable For Investor Type

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

  RMoney GCL Securities
Pros
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
  • 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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
  • 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 Useful Articles:

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

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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