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SAMCO Vs GCL Securities (Compare SAMCO and GCL Securities)

SAMCO Securities Limited Logo

About SAMCO
SAMCO Securities is a Mumbai-based online discount broking firm offering to trade and invest online in stocks, Equity Derivatives, Currency Derivatives, Commodity, Mutual Funds, and IPO. Incorporated in 2015, SAMCO is known for its ultra-low brokerage, unique margin products, and free trading software. SAMCO is also popular for offering StockBasket, a tool to invest in an expert-selected basket of stocks selected based on 25+ stock rating parameters. The customers who move from traditional brok... Know more about SAMCO Securities Limited

GCL Securities Pvt Ltd Logo

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... Know more about GCL Securities Pvt Ltd

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SAMCO Vs GCL Securities

Incorporated in , SAMCO 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.

  SAMCO 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
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SAMCO Vs GCL Securities Charges & AMC

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

  SAMCO GCL Securities
Trading Account Opening Charges Rs 0 (Free) 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 400 Rs 300 per year or Lifetime free AMC for Rs 1250

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SAMCO Vs GCL Securities Brokerage

SAMCO brokerage charges for equity is Rs 20 per trade or 0.20% (whichever is lower) and intraday is Rs 20 per trade or 0.02% (whichever is lower) whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

Account Type SAMCO Standard GCL Securities Premium Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per trade or 0.20% (whichever is lower) 0.20%
Equity Intraday Rs 20 per trade or 0.02% (whichever is lower) 0.02%
Equity Futures Rs 20 per trade or 0.02% (whichever is lower) 0.02%
Equity Options Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Currency Futures Rs 20 per trade or 0.02% (whichever is lower) 0.01%
Currency Options Rs 20 per trade or 0.02% (whichever is lower) Rs 15 per lot
Commodity Futures Rs 20 per trade or 0.02% (whichever is lower) 0.01%
Commodity Options Rs 20 per trade or 0.02% (whichever is lower) Rs 50 per lot
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Open Instant Account online with SAMCO and start trading today.
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

SAMCO Vs GCL Securities Brokerage Plan 2

  SAMCO GCL Securities
Account Type Standard Discount Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per trade or 0.20% (whichever is lower) Rs 25 per lot
Equity Intraday Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Equity Futures Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Equity Options Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Currency Futures Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Currency Options Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Commodity Futures Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
Commodity Options Rs 20 per trade or 0.02% (whichever is lower) Rs 25 per lot
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SAMCO Charges Vs GCL Securities

Minimum Brokerage 0.2% per executed order for Equity Delivery and 0.02% per executed order for all other segments Rs 10 per contract
Other Charges
Call & Trade Charges Rs 20 per executed order Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

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SAMCO Vs GCL Securities Transaction Charges

SAMCO transaction charges for options is NSE Rs 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  SAMCO GCL Securities
Equity Delivery NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 345 per crore (0.00345%) | BSE Rs 345 per crore (0.00345%) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 200 per crore (0.0020%) | BSE Rs 1 per trade NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5,300 per crore (0.053%) on Premium | BSE Rs 1 per trade NSE Rs 5000 per crore (0.05%)
Currency Futures NSE - Rs 110 per crore (0.0011%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 4,000 per crore (0.040%) on Premium Value NSE Rs 110 per crore (0.0011%)
Commodity Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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SAMCO Vs GCL Securities Leverage (Margin)

SAMCO 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.

  SAMCO 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)
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Compare SAMCO and GCL Securities Features

The trading platforms offered SAMCO include StockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  SAMCO GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform StockNote, Nest Trader, StockNote Trade API, Kya Trade, RankMF, StockBasket, Samco Star GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features Margin Products - CashPlus, StockPlus, and BTPT
Referral Program Yes
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SAMCO Vs GCL Securities Review

SAMCO is rated 3.1 of 5 based on 22 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  SAMCO GCL Securities
  22 Customer Reviews    Rate SAMCO 20 Customer Reviews    Rate GCL Securities
Fees 3.4 4.8
Brokerage 3.8 4.6
Trading Platform 2.6 4.1
Customer Service 3.0 4.3
Research Capabilities 2.3 4.5
Overall Ratings Rated 3.1 stars Rated 4.7 stars
Broker Rating SAMCO is rated 3.1 of 5 based on 22 customer reviews GCL Securities is rated 4.7 of 5 based on 20 customer reviews

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Contact Broker / Request A Call Back

  SAMCO Enquire GCL Securities Enquire
Contact Broker Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Open Instant Account online with SAMCO and start trading today. Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

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SAMCO Vs GCL Securities Investment Options

  SAMCO GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes
Debt No Yes
Other Investment Options

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SAMCO Vs GCL Securities Order Type Offered

  SAMCO 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
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SAMCO Vs GCL Securities Research Report

  SAMCO GCL Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes

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SAMCO Vs GCL Securities Suitable For Investor Type

  SAMCO GCL Securities
Casual Investor Yes
Active Investor Yes
Trader Yes

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SAMCO Vs GCL Securities - Pros and Cons

  SAMCO GCL Securities
Pros
  • A technology-driven stockbroker with significantly fewer overheads.
  • Flat Rs 20 per trade low-cost trading across segments.
  • Instant paperless online account opening process.
  • Margin products available for delivery margin and margin against shares.
  • StockNote, a mobile trading app with personalized news, managed alerts, advanced charts, and watch list with any number of shares.
  • Guest user for mobile app StockNote which allows you to check the app even before you becomes a customer.
  • Advance order types i.e. bracket order and cover order with up to 33 times leverage
  • Free 'NEST Trader' install-able trading terminal for frequent traders.
  • 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
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
  • 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 Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year

  • Free Account Opening
  • 100% free brokerage for 1st month
  • Free Demat AMC for 1st Year
  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.

It is a limited-time offer. Open Instant Account online and start trading the same day.

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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