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Sharekhan Vs GCL Securities (Compare Sharekhan and GCL Securities)

Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa...

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...

Sharekhan Vs GCL Securities

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 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.

	Sharekhan	GCL Securities
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX
Year of Incorporation	2000	2004
Number of Branches	2800	7

Sharekhan Vs GCL Securities Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while GCL Securities account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

	Sharekhan	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 (Free for 1st year)	Rs 300 per year or Lifetime free AMC for Rs 1250

Sharekhan Vs GCL Securities Brokerage Charges & Plans

Sharekhan Vs GCL Securities Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

	Sharekhan	GCL Securities
Account Type	Classic Account	Premium Plan
Fixed Charges		NA
Equity Delivery	0.50%	0.20%
Equity Intraday	0.10%	0.02%
Equity Futures	0.10%	0.02%
Equity Options	Rs 50 per lot	Rs 25 per lot
Currency Futures	0.10%	0.01%
Currency Options	Rs 30 per lot	Rs 15 per lot
Commodity Futures	0.03%	0.01%
Commodity Options	0.03%	Rs 50 per lot
Special Offer	Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.	Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Sharekhan Vs GCL Securities Brokerage Plan 2

	Sharekhan	GCL Securities
Account Type	Prepaid - ₹1 Lakh	Discount Plan
Fixed Charges	Rs 1,00,000 per year	NA
Equity Delivery	0.10%	Rs 25 per lot
Equity Intraday	0.015%	Rs 25 per lot
Equity Futures	0.015%	Rs 25 per lot
Equity Options	0.05% or Rs 63 per lot	Rs 25 per lot
Currency Futures		Rs 25 per lot
Currency Options		Rs 25 per lot
Commodity Futures		Rs 25 per lot
Commodity Options		Rs 25 per lot

Sharekhan Vs GCL Securities Brokerage Plan 3

	Sharekhan	GCL Securities
Account Type	Margin - ₹1 Lakh	Premium Plan
Fixed Charges	Rs 1,00,000 margin	NA
Equity Delivery	0.25%	0.20%
Equity Intraday	0.05%	0.02%
Equity Futures	0.05%	0.02%
Equity Options	1% or Rs 70 per lot	Rs 25 per lot
Currency Futures		0.01%
Currency Options		Rs 15 per lot
Commodity Futures		0.01%
Commodity Options		Rs 50 per lot

Sharekhan Charges Vs GCL Securities

Minimum Brokerage	Intraday: 5 paisa per share \| Delivery: 10 paisa per share \| Future Rs 0.001 per share	Rs 10 per contract
Other Charges
Call & Trade Charges	Rs 20	Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

Sharekhan Vs GCL Securities Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	Sharekhan	GCL Securities
Equity Delivery	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 275 per Cr (0.00275%) (each side)	NSE Rs 325 per crore (0.00325%) \| BSE Rs 275 per crore (0.00275%)
Equity Futures	NSE Rs 190 per Cr (0.0019%) \| BSE Rs 50 per Cr (0.00035) (each side)	NSE Rs 190 per crore (0.0019%)
Equity Options	NSE Rs 5000 per Cr (0.05%) \| BSE Rs 50 per Cr (0.0005%) (on premium)	NSE Rs 5000 per crore (0.05%)
Currency Futures	NSE Rs 135 per Cr (0.00135%) \| MCX Rs 130 per Cr (0.00130%)	NSE Rs 110 per crore (0.0011%)
Currency Options	NSE Rs 4220 per Cr (0.04220%) \| MCX Rs 3220 per Cr (0.03220%) (on premium)	NSE Rs 110 per crore (0.0011%)
Commodity	MCX (Non-Agri) Rs 230 per Cr (0.0023%) \| MCX (Agri) Rs 95 per Cr (0.00095%)	MCX Rs 260 per crore (0.0026%) \| NCDEX Rs 600 per crore (0.006%)

Sharekhan Vs GCL Securities Leverage (Margin)

Sharekhan 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.

	Sharekhan	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 Sharekhan and GCL Securities Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

	Sharekhan	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	TradeTiger, Sharekhan Mobile	GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time	3:30 PM	3:10 PM
Other Features	Pattern finder, Class room training
Referral Program

Sharekhan Vs GCL Securities Review

Sharekhan is rated 3.3 of 5 based on 298 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 19 customer reviews.

	Sharekhan	GCL Securities
	298 Customer Reviews	19 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Sharekhan is rated 3.3 of 5 based on 298 customer reviews	GCL Securities is rated 4.7 of 5 based on 19 customer reviews

Contact Broker / Request A Call Back

	Sharekhan Enquire	GCL Securities Enquire
Contact Broker	Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback. 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.

Sharekhan Vs GCL Securities Investment Options

	Sharekhan	GCL Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading

Sharekhan Vs GCL Securities Order Type Offered

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

Sharekhan Vs GCL Securities Research Report

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

Sharekhan Vs GCL Securities Suitable For Investor Type

	Sharekhan	GCL Securities
Casual Investor
Active Investor
Trader

Sharekhan Vs GCL Securities - Pros and Cons

	Sharekhan	GCL Securities
Pros	It has a strong network of over 1950 branches across India. The fund transfer from and to the trading account is free. The share transfer from and to the DP account is free when trading from Sharekhan trading account. The 'TradeTiger' is the most popular trading terminal in India. Brokerage Plan "Prepaid AMC schemes" are available for high volume traders. Stock SIP is available. Loan against shares, margin funding, ipo financing and ESOP funding is 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	Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services. Sharekhan brokerage is high in comparison to the discount brokers. Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.	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	Rs 0 Account Opening (for a limited time only) Get FREE Account Opening. FREE Research courage across all segments. 1 Year FREE access to TradeTiger Trading Terminal. This is a limited-time offer. Simply leave your contact information with us and Sharekhan 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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