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RMoney Vs GCL Securities (Compare RMoney and 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...

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...

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
Exchnage Membership	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Year of Incorporation		2004
Number of Branches		7

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

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	Rs 0 (Free)	0.20%
Equity Intraday	Rs 18 per executed order or .01% whichever is lower	0.02%
Equity Futures	Rs 18 per executed order or .01% whichever is lower	0.02%
Equity Options	Rs 18 per executed order or .01% whichever is lower	Rs 25 per lot
Currency Futures	Rs 18 per executed order or .01% whichever is lower	0.01%
Currency Options	Rs 18 per executed order or .01% whichever is lower	Rs 15 per lot
Commodity Futures	Rs 18 per executed order or .01% whichever is lower	0.01%
Commodity Options		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	Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

RMoney Vs GCL Securities Brokerage Plan 2

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

RMoney Charges Vs GCL Securities

Minimum Brokerage	Rs 0	Rs 10 per contract
Other 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

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%)

RMoney Vs GCL Securities Leverage (Margin)

RMoney margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the GCL Securities margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	RMoney	GCL Securities
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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

RMoney Vs GCL Securities Review

RMoney is rated 3.8 of 5 based on 4 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.

	RMoney	GCL Securities
	4 Customer Reviews	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	RMoney is rated 3.8 of 5 based on 4 customer reviews	GCL Securities is rated 4.7 of 5 based on 19 customer reviews

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 Name Phone # Email City Name State Are you a day trader?	Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

RMoney Vs GCL Securities Investment Options

	RMoney	GCL Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Corporate FD, Life Instance, General Insurance

RMoney Vs GCL Securities Order Type Offered

	RMoney	GCL Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

RMoney Vs GCL Securities Research Report

	RMoney	GCL Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

RMoney Vs GCL Securities Suitable For Investor Type

	RMoney	GCL Securities
Casual Investor
Active Investor
Trader

RMoney Vs GCL Securities - Pros and Cons

	RMoney	GCL Securities
Pros	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. 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	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. 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. Margin funding is not available. GTC/GTD not available in Equity. 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: Flat Fee Stock Trading Broker in India	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.	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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