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... Know more about Sharekhan


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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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
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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
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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
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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%)
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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)
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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
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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    Rate Sharekhan 19 Customer Reviews    Rate GCL Securities
Fees 3.0 4.7
Brokerage 2.8 4.6
Trading Platform 3.7 4.1
Customer Service 3.3 4.3
Research Capabilities 2.9 4.5
Overall Ratings Rated 3.3 stars Rated 4.7 stars
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
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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.
Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.
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Sharekhan Vs GCL Securities Investment Options

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

  Sharekhan 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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Sharekhan Vs GCL Securities Research Report

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

  Sharekhan GCL Securities
Casual Investor Yes Yes
Active Investor Yes Yes
Trader
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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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Sharekhan GCL Securities
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