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SBI Securities Vs GCL Securities (Compare SBI Securities and GCL Securities)


SBICAP Securities Ltd Logo

SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd


GCL Securities Pvt Ltd Logo

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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SBI Securities Vs GCL Securities

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 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.

  SBI Securities GCL Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2001 2004
Number of Branches 117 7
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SBI Securities Vs GCL Securities Charges & AMC

SBI Securities trading account opening charges is Rs 850 while GCL Securities account opening changes is Rs 0 (Free). SBI Securities Demat Account AMC Charges is Rs 350 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  SBI Securities GCL Securities
Trading Account Opening Charges Rs 850 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 Rs 350 Rs 300 per year or Lifetime free AMC for Rs 1250
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SBI Securities Vs GCL Securities Brokerage Charges & Plans

SBI Securities Vs GCL Securities Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  SBI Securities GCL Securities
Account Type eZ-trade Premium Plan
Fixed Charges NA
Equity Delivery 0.50% 0.20%
Equity Intraday 0.05% 0.02%
Equity Futures 0.05% 0.02%
Equity Options Rs 100 per lot Rs 25 per lot
Currency Futures 0.03% 0.01%
Currency Options Rs 30 per lot Rs 15 per lot
Commodity Futures NA 0.01%
Commodity Options NA Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

SBI Securities Vs GCL Securities Brokerage Plan 2

  SBI Securities GCL Securities
Account Type eZ-trade Discount Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 25 per lot
Equity Intraday 0.05% Rs 25 per lot
Equity Futures 0.05% Rs 25 per lot
Equity Options Rs 100 per lot Rs 25 per lot
Currency Futures 0.03% Rs 25 per lot
Currency Options Rs 30 per lot Rs 25 per lot
Commodity Futures NA Rs 25 per lot
Commodity Options NA Rs 25 per lot

SBI Securities Charges Vs GCL Securities

Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future Rs 10 per contract
Other Charges
Call & Trade Charges Rs 10 per call (after 30 free calls a month) Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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SBI Securities Vs GCL Securities Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  SBI Securities GCL Securities
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE: 0.002206% (Rs 221/Crore) NSE Rs 190 per crore (0.0019%)
Equity Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 5000 per crore (0.05%)
Currency Futures 0.002206% NSE Rs 110 per crore (0.0011%)
Currency Options NSE: 0.05515% (Rs 5515/Crore) NSE Rs 110 per crore (0.0011%)
Commodity MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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SBI Securities Vs GCL Securities Leverage (Margin)

SBI Securities 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.

  SBI Securities 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 SBI Securities and GCL Securities Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  SBI Securities GCL Securities
3 in 1 Account Yes No
Charting No Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 2:45 PM 3:10 PM
Other Features
Referral Program
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SBI Securities Vs GCL Securities Review

SBI Securities is rated 2.6 of 5 based on 146 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  SBI Securities GCL Securities
  146 Customer Reviews    Rate SBI Securities 20 Customer Reviews    Rate GCL Securities
Fees 3.2 4.8
Brokerage 2.8 4.6
Trading Platform 2.6 4.1
Customer Service 2.8 4.3
Research Capabilities 2.7 4.5
Overall Ratings Rated 2.6 stars Rated 4.7 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 146 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

  SBI Securities Enquire GCL Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.
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SBI Securities Vs GCL Securities Investment Options

  SBI Securities GCL Securities
Stock / Equity Yes Yes
Commodity No 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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SBI Securities Vs GCL Securities Order Type Offered

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

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

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

  SBI Securities GCL Securities
Pros
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
  • 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
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading 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

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 (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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