Zerodha Vs GCL Securities (Compare Zerodha and GCL Securities)

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... Know more about Zerodha


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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Zerodha Vs GCL Securities

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 GCL Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX, NCDEX
Account Type Flat Brokerage Plan Premium Plan
Year of Incorporation 2010 2004
Number of Branches 22 7
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Zerodha Vs GCL Securities Charges & AMC

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
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
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Zerodha Vs GCL Securities Brokerage Charges & Plans

Zerodha Vs GCL Securities Brokerage

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
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 Vs GCL Securities Brokerage Plan 2

  Zerodha GCL Securities
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

Zerodha Charges Vs GCL Securities

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
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Zerodha Vs GCL Securities Transaction Charges

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
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%)
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Zerodha Vs GCL Securities Leverage (Margin)

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
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%
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Compare Zerodha and GCL Securities Features

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
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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 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 Yes
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Zerodha Vs GCL Securities Review

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
  409 Customer Reviews    Rate Zerodha 1 Customer Reviews    Rate GCL Securities
Fees 3.7 5.0
Trading Brokerage 4.3 5.0
Trading Platform Usability 3.6 4.0
Customer Service 3.4 5.0
Research Capabilities 2.5 5.0
Overall Ratings Rated 3.7 stars Rated 5.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 409 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

  Zerodha Enquire GCL Securities Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer

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Zerodha Vs GCL Securities Investment Options

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

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

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

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

  Zerodha GCL Securities
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  • 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
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 50 order.
  • Auto Square off is charged at extra Rs 50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free 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

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. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

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Zerodha GCL Securities
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