The side-by-side comparison of Zerodha and GCL Securities. Compare Zerodha Vs GCL Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs GCL Securities?
Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Ze...
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 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 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.
Zerodha trading account opening charges is Rs 200 while GCL Securities account opening changes is Rs 0 (Free). Zerodha 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.
Zerodha | GCL Securities | |
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Trading Account Opening Charges | Rs 200 | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
Demat Account AMC Charges | Rs 300 | Rs 300 per year or Lifetime free AMC for Rs 1250 |
Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas GCL Securities brokerage charges for equity is 0.20% and intraday is 0.02%.
Zerodha | GCL Securities | |
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Account Type | Flat Brokerage Plan | Premium Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 (Free) | 0.20% |
Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.02% |
Equity Futures Brokerage | Rs 20 per executed order or .03% 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 .03% whichever is lower | 0.01% |
Currency Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 15 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 50 per lot |
Special Offer | Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer |
Zerodha | GCL Securities | |
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Account Type | Flat Brokerage Plan | Discount Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | Rs 0 (Free) | Rs 25 per lot |
Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot |
Equity Futures Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot |
Equity Options Brokerage | Rs 20 per executed order | Rs 25 per lot |
Currency Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot |
Currency Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 25 per lot |
Minimum Brokerage Charges | 0.03% in Intraday and F&O | Rs 10 per contract |
Other Brokerage Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | |
Call & Trade Charges | Rs 50 per executed order | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan |
Zerodha transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium) while GCL Securities exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
Zerodha | GCL Securities | |
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Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (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%) | BSE Rs 300 per Cr (0.003%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Rs 275 per crore (0.00275%) |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | NSE Rs 190 per crore (0.0019%) |
Equity Options | NSE Rs 5000 per Cr (0.05%) (on premium) | NSE Rs 5000 per crore (0.05%) |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | NSE Rs 110 per crore (0.0011%) |
Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 110 per crore (0.0011%) |
Commodity | Group A - Rs 260 per Cr (0.0026%) | MCX Rs 260 per crore (0.0026%) | NCDEX Rs 600 per crore (0.006%) |
Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the GCL Securities margin for intraday cash is Up to 10x (based on stock).
Zerodha | GCL Securities | |
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Equity Delivery | 1x (no margin) | As per exchange VaR + ELM |
Equity Intraday | Up to 20x (based on the stock) | Up to 10x (based on stock) |
Equity Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | Intraday - Up to 10x, Carry forward - 100%(1x) |
Equity Options | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
Currency Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | Intraday - Up to 6x, Carry forward - 100%(1x) |
Currency Options | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | Up to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
Commodity Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span | Intraday - Up to 12x, Carry forward - 100%(1x) |
Commodity Options | Up to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100% |
The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. GCL Securities offers GCL On Time, GCL PRO WEB, ODIN DIET trading software.
Zerodha | 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 | Kite Web, Kite Mobile for Android/iOS and Coin | GCL On Time, GCL PRO WEB, ODIN DIET |
Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:10 PM |
Other Features | Direct Mutual Funds, APIs for Algo Trading | |
Referral Program | ![]() |
Zerodha is rated 3.7 of 5 based on 409 customer reviews whereas GCL Securities is rated 5.0 of 5 based on 1 customer reviews.
Zerodha | GCL Securities | |
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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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Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you. |
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