TradeSmart Vs GCL Securities (Compare TradeSmart and GCL Securities)

The side-by-side comparison of TradeSmart and GCL Securities. Compare TradeSmart Vs GCL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best TradeSmart vs GCL Securities?


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services Ltd


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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TradeSmart Vs GCL Securities

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 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.

  TradeSmart GCL Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Power Plan (?15/Order) Premium Plan
Year of Incorporation 1994 2004
Number of Branches 1 7
Broker Enquiry Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you.
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TradeSmart Vs GCL Securities Charges & AMC

TradeSmart trading account opening charges is Rs 200 while GCL Securities account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  TradeSmart GCL Securities
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 300 per year or Lifetime free AMC for Rs 1250
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TradeSmart Vs GCL Securities Brokerage Charges & Plans

TradeSmart Vs GCL Securities Brokerage

TradeSmart brokerage charges for equity is Rs 15 per executed order and intraday is Rs 15 per executed order whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  TradeSmart GCL Securities
Account Type Power Plan (?15/Order) Premium Plan
Fixed Charges NA
Equity Delivery Brokerage Rs 15 per executed order 0.20%
Equity Intraday Brokerage Rs 15 per executed order 0.02%
Equity Futures Brokerage Rs 15 per executed order 0.02%
Equity Options Brokerage Rs 15 per executed order Rs 25 per lot
Currency Futures Trading Brokerage Rs 15 per executed order 0.01%
Currency Options Trading Brokerage Rs 15 per executed order Rs 15 per lot
Commodity Futures Trading Brokerage Rs 15 per executed order 0.01%
Commodity Options Trading Brokerage Rs 15 per executed order Rs 50 per lot
Special Offer
Special Offer: FREE Account Opening (Rs 400 waived) + Trade at flat Rs 15 per order. Get the offer

TradeSmart Vs GCL Securities Brokerage Plan 2

  TradeSmart GCL Securities
Account Type Value Plan Discount Plan
Fixed Charges NA
Equity Delivery Brokerage 0.007% Rs 25 per lot
Equity Intraday Brokerage 0.007% Rs 25 per lot
Equity Futures Brokerage 0.007% Rs 25 per lot
Equity Options Brokerage Rs 7 Per Lot Rs 25 per lot
Currency Futures Trading Brokerage 0.007% Rs 25 per lot
Currency Options Trading Brokerage Rs 7 Per Lot Rs 25 per lot
Commodity Futures Trading Brokerage 0.007% Rs 25 per lot
Commodity Options Trading Brokerage Rs 7 Per Lot Rs 25 per lot

TradeSmart Charges Vs GCL Securities

Minimum Brokerage Charges Rs 15 per executed order Rs 10 per contract
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
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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TradeSmart Vs GCL Securities Transaction Charges

TradeSmart transaction charges for options is 0.0715% while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  TradeSmart GCL Securities
Equity Delivery 0.0035% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday 0.0035% NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures 0.0024% NSE Rs 190 per crore (0.0019%)
Equity Options 0.0715% NSE Rs 5000 per crore (0.05%)
Currency Futures 0.00165% NSE Rs 110 per crore (0.0011%)
Currency Options 0.06% NSE Rs 110 per crore (0.0011%)
Commodity 0.0039% MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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TradeSmart Vs GCL Securities Leverage (Margin)

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  TradeSmart GCL Securities
Equity Delivery 1x (no margin) As per exchange VaR + ELM
Equity Intraday 30x trading margin Up to 10x (based on stock)
Equity Futures MIS: 3X | BO: 7X | CO: 7X Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options MIS: 3X | BO: 7X | CO: 7X Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures MIS: 3X | BO: 3X | CO: 3X Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options MIS: 3X | BO: NA | CO: NA Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures MIS: 2X | BO: 6X | CO: 6X Intraday - Up to 12x, Carry forward - 100%(1x)
Commodity Options MIS: NA | BO: NA | CO: NA Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
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Compare TradeSmart and GCL Securities Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  TradeSmart 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 Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform NEST, NOW, Spin GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:10 PM
Other Features
Referral Program Yes
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TradeSmart Vs GCL Securities Review

TradeSmart is rated 4.0 of 5 based on 65 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  TradeSmart GCL Securities
  65 Customer Reviews    Rate TradeSmart 1 Customer Reviews    Rate GCL Securities
Fees 3.8 5.0
Trading Brokerage 4.4 5.0
Trading Platform Usability 3.7 4.0
Customer Service 4.0 5.0
Research Capabilities 2.5 5.0
Overall Ratings Rated 4.0 stars Rated 5.0 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 65 customer reviews GCL Securities is rated 5.0 of 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire GCL Securities Enquire
Contact Broker

FREE Account Opening (Rs 400 waived) + Trade at flat Rs 15 per order. Get the offer

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TradeSmart Vs GCL Securities Investment Options

  TradeSmart GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options
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TradeSmart Vs GCL Securities Order Type Offered

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

  TradeSmart GCL Securities
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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TradeSmart Vs GCL Securities Suitable For Investor Type

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

  TradeSmart GCL Securities
Pros
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of Rs 1000.
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
  • 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
  • Call and Trade is charged at extra Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • 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:

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

Limited Time Offer - Free Account Opening (Rs 400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat Rs 15 per order.

Get this limited time offer

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