Upstox Vs GCL Securities (Compare Upstox and GCL Securities)

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


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


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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Upstox Vs GCL Securities

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 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.

  Upstox GCL Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Upstox Basic Premium Plan
Year of Incorporation 2012 2004
Number of Branches 4 7
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Upstox Vs GCL Securities Charges & AMC

Upstox trading account opening charges is Rs 249 while GCL Securities account opening changes is Rs 0 (Free). Upstox 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.

  Upstox GCL Securities
Trading Account Opening Charges Rs 249 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 300 Rs 300 per year or Lifetime free AMC for Rs 1250
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Upstox Vs GCL Securities Brokerage Charges & Plans

Upstox Vs GCL Securities Brokerage

Upstox brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.

  Upstox GCL Securities
Account Type Upstox Basic Premium Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 (Free) 0.20%
Equity Intraday Brokerage Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Futures Brokerage Rs 20 per executed order or 0.05% whichever is lower 0.02%
Equity Options Brokerage Rs 20 per executed order Rs 25 per lot
Currency Futures Trading Brokerage Rs 20 per executed order or 0.05% whichever is lower 0.01%
Currency Options Trading Brokerage Rs 20 per executed order Rs 15 per lot
Commodity Futures Trading Brokerage Rs 20 per executed order or 0.05% whichever is lower 0.01%
Commodity Options Trading Brokerage Rs 20 per executed order Rs 50 per lot
Special Offer
Special Offer:

30 days unlimited brokerage credit + Flat Rs 20 per order for Intra-day and F&O. Get the Exclusive Offer

Upstox Vs GCL Securities Brokerage Plan 2

  Upstox GCL Securities
Account Type Upstox Priority (Higher Margin) Discount Plan
Fixed Charges NA NA
Equity Delivery Brokerage Rs 0 Rs 25 per lot
Equity Intraday Brokerage Rs 30 per executed order or 0.10% whichever is lower Rs 25 per lot
Equity Futures Brokerage Rs 30 per executed order or 0.10% whichever is lower Rs 25 per lot
Equity Options Brokerage Rs 30 per executed order Rs 25 per lot
Currency Futures Trading Brokerage Rs 30 per executed order or 0.10% whichever is lower Rs 25 per lot
Currency Options Trading Brokerage Rs 30 per executed order Rs 25 per lot
Commodity Futures Trading Brokerage Rs 30 per executed order or 0.10% whichever is lower Rs 25 per lot
Commodity Options Trading Brokerage Rs 30 per executed order Rs 25 per lot

Upstox Charges Vs GCL Securities

Minimum Brokerage Charges 0.05% Rs 10 per contract
Other Brokerage Charges
Call & Trade Charges Rs 20 per trade Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan
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Upstox Vs GCL Securities Transaction Charges

Upstox transaction charges for options is NSE Rs 5500 per Cr (0.055%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Upstox GCL Securities
Equity Delivery NSE Rs 325 per Cr (0.00325%) (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%) (each side) NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%)
Equity Futures NSE Rs 210 per Cr (0.0021%) NSE Rs 190 per crore (0.0019%)
Equity Options NSE Rs 5500 per Cr (0.055%) (on premium) NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) NSE Rs 110 per crore (0.0011%)
Currency Options NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) NSE Rs 110 per crore (0.0011%)
Commodity Group A - Rs 290 per Cr (0.0029%) MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%)
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Upstox Vs GCL Securities Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).

  Upstox GCL Securities
Equity Delivery 1x (no margin) As per exchange VaR + ELM
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Up to 10x (based on stock)
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x Intraday - Up to 10x, Carry forward - 100%(1x)
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x Intraday - Up to 6x, Carry forward - 100%(1x)
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x 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 Upstox and GCL Securities Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.

  Upstox GCL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No 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 Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola GCL On Time, GCL PRO WEB, ODIN DIET
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features Option strategy builder
Referral Program Yes
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Upstox Vs GCL Securities Review

Upstox is rated 2.5 of 5 based on 100 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.

  Upstox GCL Securities
  100 Customer Reviews    Rate Upstox 1 Customer Reviews    Rate GCL Securities
Fees 3.5 5.0
Trading Brokerage 3.6 5.0
Trading Platform Usability 2.7 4.0
Customer Service 2.4 5.0
Research Capabilities 2.4 5.0
Overall Ratings Rated 2.5 stars Rated 5.0 stars
Broker Rating Upstox is rated 2.5 of 5 based on 100 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

  Upstox Enquire GCL Securities Enquire
Contact Broker

30 days unlimited brokerage credit + Flat Rs 20 per order for Intra-day and F&O. Get the Exclusive Offer

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Upstox Vs GCL Securities Investment Options

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

  Upstox 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) No Yes
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Upstox Vs GCL Securities Research Report

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

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

  Upstox GCL Securities
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are 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
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
  • 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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