GCL Securities Stock Trading, Demat, Brokerage and Reviews 2021


12.8% 4,380 Clients

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 offers both online as well as offline services through a network of branches and sub-brokers. GCL uses the ODIN online trading platform which is one of the best trading platforms available in India.

GCL brokerage charges are claimed to be one of the lowest in India when compared to other full-service brokers in the industry. They offer both traditional (Premium Plan) as well as discount brokerage plans.

GCL premium brokerage plan offers up to 10x limits in MCX and up to 3x limits in NCDEX. GCL also helps customers in the physical delivery of NCDEX commodities.

The company has 7+ branch offices, 100+ employees and multiple franchises spread across the country. GCL also offers customer support through Whatsapp.

GCL offers 100% online account opening for free. In addition to the free account opening, the customer also gets brokerage free trading for one month.

GCL USPs (Unique Selling Points)

  • GCL has vast experience in providing commodity solutions.
  • Free fundamental research on commodities.
  • Hedging solutions.
  • Physical vs future arbitrage.
  • Physical delivery and procurement of commodities.
  • Use ODIN as an online trading platform.
  • Free account opening.
  • One month brokerage free trading with new account opening.
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GCL Securities Charges 2021

GCL offers to open a free online Trading and Demat account with first-month brokerage free trading.

  • Account Opening Charges: Rs 0 (Free)
  • Demat Account AMC: Rs 300 per year or lifetime free AMC for Rs 1250 one-time non-refundable fee

GCL Brokerage Charges

GCL offers two brokerage plans:

  1. Premium Plan (Full-service plan)
  2. Discount Plan

In the Premium Plan, the company charges a percentage-basis brokerage for Intraday, Delivery, and F&O. In the Discount Plan, GCL offers online trading for flat Rs 25 per trade across all segments.

  1. Premium Plan

    GCL premium brokerage plan offers a full-service trading account with in-person assistance through relationship manager (RM), free research and advisory, free call & trade and many other add-ons. This plan is suitable for traders who need assistance from the broker for their trading needs. Customers can also trade by themselves using an online trading platform.

    GCL Brokerage Charges (Premium Plan)

    Segment Brokerage Charges

    Equity Delivery

    0.20%

    Equity Intra-day

    0.02%

    Equity Futures

    0.02%

    Equity Options

    Rs 25 per lot

    Currency Futures

    0.01%

    Currency Options

    Rs 15 per lot

    Commodity Futures

    0.01%

    Commodity Options

    Rs 50 per lot

  2. Discount Plan

    GCL discount brokerage plan is for customers who can trade online by themselves with little or no assistance from the broker. This plan doesn't offer many add-ons like free call & trade and in-person assistance through RM.

    GCL Brokerage Charges (Discount Plan)

    Segment Brokerage Charges

    Equity Delivery

    Rs 25 per trade

    Equity Intra-day

    Rs 25 per trade

    Equity Futures

    Rs 25 per trade

    Equity Options

    Rs 25 per trade

    Currency Futures

    Rs 25 per trade

    Currency Options

    Rs 25 per trade

    Commodity Futures

    Rs 25 per trade

    Commodity Options

    Rs 25 per trade

Visit GCL Securities Brokerage Charges Review for more detail.


GCL Securities Online Account Opening

GCL offers online as well as offline modes of account opening to its customers.

  1. Online Account Opening

    The Demat account can be opened online by visiting the GCL website and clicking on the 'Open New Account' button in the top right-hand corner. The online account opening requires your Aadhaar Number linked with your current phone number for OTP verification of e-Signing the account opening documents.

  2. Offline Account Opening (paper-based form)

    GCL also offer paper-based account opening for customers who cannot open an account online. This facility is available through GCL branches and Sub brokers. Customers can also download the account opening PDF, print it, fill it and send the signed form to the GCL office for account opening.


GCL Securities Trading Software (GCL Securities Trading Platforms)

GCL offers the ODIN trading platform to its clients for seamless online transactions in stock markets and mutual funds investments. ODIN is among the most popular online trading platform used in India by over 1000+ brokers.

  1. GCL On Time (Mobile Trading App)

    GCL On Time is an online mobile trading app designed to make trading easy, simple, and fast. It is offered to GCL customers free of cost for trading in Equity, Derivatives, Currency, and Commodity (NSE, NCDEX & MCX).

    GCL Mobile Trading App is a rebranded ODIN Wave. It is available on Android and iOS phones.

    It is built using cutting-edge technology and has a host of features like real-time market data, insightful research reports, a clean and simple user interface, price alerts, secure trading, etc.

  2. GCL Pro Web (Trading Website)

    GCL Pro Web is a browser-based trading website for online trading. Build on the ODIN trading platform, it is a rich internet application designed for both beginners as well as frequent traders.

    The website provides real-time multi-exchange, multi-segment access. In addition to Equity, Currency and Commodity trading, it also provides online IPO, Mutual Funds and OFS.

  3. ODIN Diet (Installable Trading Terminal)

    GCL offers ODIN Diet installable trading terminal for high-frequency traders. This trading software offers lightning-fast order execution, advance charting, shortcut keys, stock analysis and trade across multiple segments.

    It also offers IPO, Mutual Funds, OFS, portfolio tracking, unlimited market watch, and advance order types.

 

Visit GCL Securities Trading Software Review for more detail.

GCL Securities Pros and Cons


GCL Securities Pros (Advantages)

The following are the advantages of GCL Securities. You must read GCL Securities advantages and disadvantages before opening an account with GCL Securities. GCL Securities pros and cons help you find if it suits your investment needs.

  • Strong experience in commodity trading.
  • Up to 10x limits in MCX and Up to 3x limits in NCDEX.
  • Physical delivery assistance in NCDEX commodities.
  • Zero account opening fee.
  • Lifetime free AMC demat account at Rs 1250.
  • Offer online flat rate (Rs 25 per trade) online discount brokerage plan.
  • Offer both full-service and online discount brokerage plans.
  • Instant and paperless online account opening.
  • Offers a simple and powerful online trading platform ODIN.
  • Provides Margin Trading Facility (MTF) Services.
  • Provide free research calls.
  • Offers online IPO application services.
  • Dedicated Relationship Manager in the Premium plan.
  • Whatsapp Service Support.

GCL Securities Cons (Disadvantages)

The following are the cons of GCL Securities. Check the list of GCL Securities drawbacks.

  • Does not offer a 3-in-1 account service.
  • In-house Trading terminal not available.

GCL Securities Margin / Exposure

GCL Securities leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity DeliveryAs per exchange VaR + ELM
Equity IntradayUp to 10x (based on stock)
Equity FutureIntraday - Up to 10x, Carry forward - 100%(1x)
Equity OptionsUp to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Currency FutureIntraday - Up to 6x, Carry forward - 100%(1x)
Currency OptionsUp to 10x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%
Commodity FutureIntraday - Up to 12x, Carry forward - 100%(1x)
Commodity OptionsUp to 6x (Sell) , Intraday (Buy) - Up to 1x, Carry forward - 100%

Visit GCL Securities Margin Review for more detail.


GCL Securities Ratings

Overall Rating Rated 5.0 stars 5.0/5
Fees Rated 5.0 stars 5.0/5
Brokerage Rated 5.0 stars 5.0/5
Usability Rated 4.0 stars 4.0/5
Customer Service Rated 5.0 stars 5.0/5
Research Capabilities Rated 5.0 stars 5.0/5

Based on 1 Votes by GCL Securities Customers

Do you trade with GCL Securities? Rate GCL Securities


GCL Securities Complaint

The number of GCL Securities customer complaint received by the exchanges. The GCL Securities consumer complaint report helps understanding the GCL Securities Pvt Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 4,380 1
NSE 2019-20 3,883 1
NSE 2018-19 4,047 2
NSE 2017-18 4,057 2
NSE 2016-17 1,334 4

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit GCL Securities Complaints at BSE, NSE and MCX for detail report.

Frequently Asked Questions

  1. 1. How GCL Securities works?

    GCL Securities is a full-service broker providing trading, hedging, and investment offerings in Stocks, Derivatives, Commodity, Currency, mutual funds, Fixed Income, IPO, and SIP. GCL Securities offers free account opening with an annual maintenance charge of Rs 300 per year.

    You need to open a trading and Demat account with GCL Securities to avail of its services. The Demat account is optional in case of an existing account. However, it is advisable to open both accounts with one broker for seamless transactions. The Demat account gets linked to your trading account. You also need to register one bank account with the broker. Once all the accounts are ready, you can trade with GCL Securities through any of the GCL Securities trading platforms offered via the web, mobile app, trading terminal, or call and trade.

    The company provides research services to its customers that help them make informed decisions on their investments. GCL Securities trading platforms are built based on ODIN software owned by 63 moons technologies Limited.

    GCL Securities offers two brokerage plans - Premium Plan and Discount Plan. The premium plan includes specialized services and is based on a percentage basis brokerage model for Equity and Futures trades and per lot basis in case of an Options trade. The discount plan follows a flat fee model of Rs 25/Trade across all the asset classes.

     

  2. 2. How is GCL Securities?

    GCL Securities is a one-stop-shop for all your trading needs that include trading, research, investment, and hedging services. GCL Securities is a full-service broker offering free account opening with an AMC of Rs 300 per year.

    The company has two brokerage plans to offer to its customers. (i) Premium plan that includes specialized services. (ii) Discount plan with minimum services. GCL brokerage charges are claimed to be one of the lowest in India when compared to other full-service brokers in the industry.

    GCL Securities is a SEBI registered broker and a member of NSE, BSE, MCDEX, NCDEX, and ICEX. It has a depository participant with CDSL.

    GCL Securities provides ODIN based trading platforms in the form of web, mobile app, and ODIN trading terminal.

    GCL Securities is well known for Commodity trading with vast experience in providing Commodity solutions. The company offers hedging solutions and assists in the physical delivery and procurement of commodities and arbitrage.

    Overall, GCL Securities is a good broker offering investment services across multiple asset classes with single access.

     

  3. 3. How to invest in GCL Securities?

    To start investing with GCL Securities, you need to open a trading and Demat account with GCL Securities either through the web or mobile app. GCL Securities offers free account opening. Once the trading and Demat accounts are ready, you need to login into your account and start investing.

    To invest in Stocks, Derivatives, Currency, Mutual funds, IPO, and, Fixed Income, you need to open an account with GCL Securities.

    To invest in Commodity markets, you need to open an account with Ganganagar Commodity Limited.

    Before placing the orders, you need to have sufficient funds or securities in your account as per your trading needs.

     

  4. 4. How to close a GCL Securities account online?

    GCL Securities account cannot be closed online. You need to download the account closure form and send the duly filled physical form to the broker office.

    Steps to close the GCL Securities account

    1. Download the Closure Form from the GCL Securities website available in the' Other Download' tab in the 'Download Form' section.
    2. Fill in the Client ID, address for correspondence, and the reason for the closure.
    3. Send the duly signed form to the broker office at the address mentioned in the account closure form.

    Before initiating the closure, ensure to clear any outstanding dues and transfer the securities lying in the Demat account (if any) to another Demat account.

    There are three closure forms - (i) Demat Account Closure (ii) Equity Trading Account Closure Form (held with GCL Securities) and (iii) Commodity Trading Account Closure Form (held with Ganganagar Commodity Limited). You need to fill in the required closure form as per your need.

     

  5. 5. How to transfer funds to GCL Securities?

    You can instantly transfer the funds from your registered bank account to your online trading account or mutual fund account through the website or mobile app.

    To transfer the funds, you need to login to the GCL Securities website -'GCL Pro Web' or GCL Securities mobile app - 'GCL On Time' and go to the Transfer Funds option and complete the transaction. Once the payment gets completed, you will see the amount added to your trading account.

    The company also provides a Funds Report where you can track all your fund transfers.

     


3 Comments

Mohit
3. Mohit  Dec 29, 2020 16:55 I Like It. | Report Abuse Reply 0
nice trading experience with GCL .

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Neeraj
2. Neeraj  Dec 29, 2020 16:45 I Like It. | Report Abuse Reply 0
Good service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Shubham sharma
1. Shubham sharma  Dec 29, 2020 15:25 I Like It. | Report Abuse Reply 0
good experience with GCL ..supportive all staff members

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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