SMC Global Vs GCL Securities (Compare SMC Global and GCL Securities)

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


SMC Global
Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized persons with a PAN-India presence. SMC's Online Trading portal is one stop financial investment portal of SMC Global Ltd. They offers online trading... Know more about SMC Global Limited


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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SMC Global Vs GCL Securities

Incorporated in 1994, SMC Global is a Full Service Broker. It offers trading at NSE, BSE, MCX, NCDEX. It has 2450 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.

  SMC Global GCL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Account Type Premium Plan
Year of Incorporation 1994 2004
Number of Branches 2450 7
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you.
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SMC Global Vs GCL Securities Charges & AMC

SMC Global trading account opening charges is Nil while GCL Securities account opening changes is Rs 0 (Free). SMC Global 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.

  SMC Global GCL Securities
Trading Account Opening Charges Nil Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Rs 499 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 300 per year or Lifetime free AMC for Rs 1250
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SMC Global Vs GCL Securities Brokerage Charges & Plans

SMC Global Vs GCL Securities Brokerage

SMC Global brokerage charges for equity is 0.3% and intraday is 0.03% whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  SMC Global GCL Securities
Account Type Premium Plan
Fixed Charges NA
Equity Delivery Brokerage 0.3% 0.20%
Equity Intraday Brokerage 0.03% 0.02%
Equity Futures Brokerage 0.03% 0.02%
Equity Options Brokerage Rs 70 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.03% 0.01%
Currency Options Trading Brokerage Rs 20 per lot Rs 15 per lot
Commodity Futures Trading Brokerage 0.03% 0.01%
Commodity Options Trading Brokerage 0.03% Rs 50 per lot
Special Offer

SMC Global Vs GCL Securities Brokerage Plan 2

  SMC Global GCL Securities
Account Type Discount Plan
Fixed Charges NA
Equity Delivery Brokerage 0.3% Rs 25 per lot
Equity Intraday Brokerage 0.03% Rs 25 per lot
Equity Futures Brokerage 0.03% Rs 25 per lot
Equity Options Brokerage Rs 70 per lot Rs 25 per lot
Currency Futures Trading Brokerage 0.03% Rs 25 per lot
Currency Options Trading Brokerage Rs 20 per lot Rs 25 per lot
Commodity Futures Trading Brokerage 0.03% Rs 25 per lot
Commodity Options Trading Brokerage 0.03% Rs 25 per lot

SMC Global Charges Vs GCL Securities

Minimum Brokerage Charges Rs 25 per trade or 2.5% of the trade value whichever is lower Rs 10 per contract
Other Brokerage Charges
Call & Trade Charges Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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SMC Global Vs GCL Securities Transaction Charges

SMC Global transaction charges for options is 0.065% (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  SMC Global 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 0.0029% NSE Rs 190 per crore (0.0019%)
Equity Options 0.065% (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures 0.0029% NSE Rs 110 per crore (0.0011%)
Currency Options 0.065% (on premium) NSE Rs 110 per crore (0.0011%)
Commodity 0.0030% MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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SMC Global Vs GCL Securities Leverage (Margin)

SMC Global provides the margin of Upto 10x Intraday for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  SMC Global GCL Securities
Equity Delivery Upto 3x As per exchange VaR + ELM
Equity Intraday Upto 10x Intraday Up to 10x (based on stock)
Equity Futures Upto 2x Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options NA Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures NA Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options NA Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures Upto 2x Intraday - Up to 12x, Carry forward - 100%(1x)
Commodity Options Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
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Compare SMC Global and GCL Securities Features

The trading platforms offered SMC Global include SMC Privilege, Easy Trader, Mobitrader, Tab Trader. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  SMC Global GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform SMC Privilege, Easy Trader, Mobitrader, Tab Trader GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:10 PM
Other Features
Referral Program
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SMC Global Vs GCL Securities Review

SMC Global is rated 3.7 of 5 based on 16 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  SMC Global GCL Securities
  16 Customer Reviews    Rate SMC Global 1 Customer Reviews    Rate GCL Securities
Fees 3.8 5.0
Trading Brokerage 3.2 5.0
Trading Platform Usability 3.8 4.0
Customer Service 3.6 5.0
Research Capabilities 3.5 5.0
Overall Ratings Rated 3.7 stars Rated 5.0 stars
Broker Rating SMC Global is rated 3.7 of 5 based on 16 customer reviews GCL Securities is rated 5.0 of 5 based on 1 customer reviews
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  SMC Global Enquire GCL Securities Enquire
Contact Broker

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SMC Global Vs GCL Securities Investment Options

  SMC Global GCL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance
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SMC Global Vs GCL Securities Order Type Offered

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

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

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

  SMC Global GCL Securities
Pros
  1. They have 50+ branches for extensive reach.
  2. Call and trade facility is also available.
  3. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
  4. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  5. Trading is available in both BSE and NSE.
  6. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
  • 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
  1. Mobile trading on NSE is not available.
  2. They don't offer 3 in 1 account.
  3. There charge extra for their featured products.
  • 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.

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