How is GCL Securities brokerage calculated?

GCL Securities offers two brokerage plans - (i) Premium plan and (ii) Discount Plan to its customers.

The Premium Plan is a combination of a percentage-based brokerage model for Equity Delivery, Intraday, and Futures trade and per lot basis brokerage model for an Options trade. In a percentage-based brokerage model, the brokerage charged is a percentage of the trading value whereas, in a per lot basis model, the brokerage is charged based on the number of lots executed irrespective of the trade value.

The Discount Plan follows a flat fee model with a flat Rs 25 per trade across all asset classes irrespective of trade quantity or value.

For example,

• Under a Premium plan, if you buy 500 shares of ABC Company @ Rs 50, you pay Rs 50 as brokerage as per 0.20% on the trade value of Rs 25,000.
• Similarly, if you buy 5 lots of NIFTY Options, you pay Rs 125 as per brokerage based on Rs 25 per lot for Equity Options.
• In case of a discount plan, if you buy 500 shares of ABC Company @ Rs 50 or buy 100 shares @ Rs 500, you pay only Rs 25 as brokerage based on the flat fee model irrespective of its trade value or quantity.