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Tradingo Vs GCL Securities (Compare Tradingo and GCL Securities)

Tradingo (Swastika Investmart Ltd) Logo

About Tradingo
Tradingo is an Indore-based discount broker offering stock, commodity, and currency trading services. Tradingo provides transparent, faster, and low-cost brokerage service to India Stock Market customers who would like to trade online with little assistance from a broker. Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker, and financial service provider since 1992. Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 fo... Know more about Tradingo (Swastika Investmart Ltd)

GCL Securities Pvt Ltd Logo

About 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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Tradingo Vs GCL Securities

Incorporated in 2016, Tradingo is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 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.

  Tradingo GCL Securities
Type of Broker Discount Broker Full Service Broker
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX
Year of Incorporation 2016 2004
Number of Branches 7
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Tradingo Vs GCL Securities Charges & AMC

Tradingo trading account opening charges is Rs 0 while GCL Securities account opening changes is Rs 0 (Free). Tradingo Demat Account AMC Charges is Rs 250 and GCL Securities Demat Account AMC Charges is Rs 300 per year or Lifetime free AMC for Rs 1250.

  Tradingo GCL Securities
Trading Account Opening Charges Rs 0 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 250 Rs 300 per year or Lifetime free AMC for Rs 1250

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Tradingo Vs GCL Securities Brokerage

Tradingo brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per trade or 0.03% (whichever is lower) whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

Account Type Tradingo Discount Broking Plan GCL Securities Premium Plan
Fixed Charges Nil NA
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 20 per trade or 0.03% (whichever is lower) 0.02%
Equity Futures Rs 20 per trade or 0.03% (whichever is lower) 0.02%
Equity Options Rs 20 per executed order Rs 25 per lot
Currency Futures Rs 20 per trade or 0.01% (whichever is lower) 0.01%
Currency Options Rs 20 per executed order Rs 15 per lot
Commodity Futures Rs 20 per trade or 0.01% (whichever is lower) 0.01%
Commodity Options Rs 100 per executed order Rs 50 per lot
Special Offer
Special Offer: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer
Special Offer: Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

Tradingo Vs GCL Securities Brokerage Plan 2

  Tradingo GCL Securities
Account Type Premium Plan Discount Plan
Fixed Charges NA
Equity Delivery 0.3% of trade value Rs 25 per lot
Equity Intraday 0.03% of trade value Rs 25 per lot
Equity Futures 0.03% of trade value Rs 25 per lot
Equity Options Rs 50 per lot Rs 25 per lot
Currency Futures 0.3% of trade value Rs 25 per lot
Currency Options Rs 50 per lot Rs 25 per lot
Commodity Futures 0.3% of trade value Rs 25 per lot
Commodity Options Rs 100 per lot Rs 25 per lot
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Tradingo Charges Vs GCL Securities

Minimum Brokerage Rs 0 Rs 10 per contract
Other Charges Real Time Trade Confirmation SMS Charges - Rs 0.25 per trade (capped to Rs. 10 per day)
Call & Trade Charges Additional Rs 20 per executed order Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan

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Tradingo Vs GCL Securities Transaction Charges

Tradingo transaction charges for options is NSE Rs 7500 per crore | BSE Rs 50 per crore (each side) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Tradingo GCL Securities
Equity Delivery NSE Rs 325 per crore | BSE Rs 275 per crore (each side NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Intraday NSE Rs 325 per crore | BSE Rs 275 per crore (each side NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 325 per crore | BSE Rs 50 per crore (each side) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 7500 per crore | BSE Rs 50 per crore (each side) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 160 per crore (0.0016%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 6000 per crore (0.06%) NSE Rs 110 per crore (0.0011%)
Commodity Non-Agri Rs 325 per crore | Agri (NCDEX) Rs 600 per Cr MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Tradingo Vs GCL Securities Leverage (Margin)

Tradingo margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the GCL Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Tradingo GCL Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Tradingo and GCL Securities Features

The trading platforms offered Tradingo include Tradingo, Justrade. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Tradingo 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 Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Tradingo, Justrade GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time Eq: 3:15PM | Curr/Commodity: 15 Mins before market closes 3:10 PM
Other Features
Referral Program
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Tradingo Vs GCL Securities Review

Tradingo is rated 4.0 of 5 based on 6 customer reviews whereas GCL Securities is rated 4.7 of 5 based on 20 customer reviews.

  Tradingo GCL Securities
  6 Customer Reviews    Rate Tradingo 20 Customer Reviews    Rate GCL Securities
Fees 4.2 4.8
Brokerage 4.7 4.6
Trading Platform 3.5 4.1
Customer Service 3.8 4.3
Research Capabilities 2.0 4.5
Overall Ratings Rated 4.0 stars Rated 4.7 stars
Broker Rating Tradingo is rated 4.0 of 5 based on 6 customer reviews GCL Securities is rated 4.7 of 5 based on 20 customer reviews

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Contact Broker / Request A Call Back

  Tradingo Enquire GCL Securities Enquire
Contact Broker Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer Get Free Trading + Demat Account (No account opening fee) for limited time. Request a Callback.

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Tradingo Vs GCL Securities Investment Options

  Tradingo 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

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Tradingo Vs GCL Securities Order Type Offered

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

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

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Tradingo Vs GCL Securities Suitable For Investor Type

  Tradingo GCL Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Tradingo Vs GCL Securities - Pros and Cons

  Tradingo GCL Securities
Pros
  • Discount stock broker.
  • Offer margin funding and higher exposure.
  • No brokerage charges for equity delivery trades.
  • 3 different trading platforms: ODIN, NSE Now, JUSTRADE
  • Online IPO and Mutual Funds available.
  • Free trading software
  • Branches in 80+ cities.
  • 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 & trade is changed Rs 20 extra.
  • Doesn't offer 3-in-1 account
  • Charge annual maintenance change on 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

Tradingo is an Indore-based discount broker offering online and offline trading and investment services across Stocks, F&O, Currency, Commodity, IPO, Mutual Funds, and US Stocks.

Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker and a financial service provider with over two decades of experience in the broking industry. Tradingo is known to provide transparent, faster, and low-cost brokerage services to its customers.

Tradingo offers free account opening. It has a simple pricing model with two brokerage plans to offer - (i) Discount Broking Plan (ii) Premium Plan. Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 for all other segments at BSE, NSE, and MCX under the Discount Plan. With the Premium plan, investors get access to daily free research calls, a personal relationship manager, brokerage credit, and higher exposure limits at an additional cost.

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

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

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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