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...
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...
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 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 | |
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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 |
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 | |
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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 | GCL Securities | |
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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 |
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 |
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 | |
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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%) |
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% |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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 | ![]() |
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 | |
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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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