GCL Securities is one of the high profile full-service brokers in India. Let’s go through the detailed GCL Securities Review, GCL Securities Demat Account, GCL Securities Brokerage Charges, GCL Trading platforms & other important features.

GCL Securities Reviews & Customer Ratings

GCL Securities Customer Ratings & Review

About GCL Securities

Based in Jaipur, (Rajasthan) GCL Securities Private Limited is part of the GCL Financial group of companies. GCL India allows you trading and investment in equity shares, derivatives (futures & options), currency, commodity, mutual funds & IPOs. The broking house has its membership in NSE, BSE, MCX, NCDEX. The brokerage house is run by a team of experts from the capital market.

On product and services, the full-service broker has their own DP service registered with CDSL. The broker offers currency trading on both stock exchanges NSE and BSE.

GCL Commodity Sevices

Commodity Services are offered through Ganganagar Commodities Limited. You have the privilege to choose from several customized as well as multiple brokerage plans to suit your commodity trading needs. GCL India provides customized end to end solutions in commodity management like procurement, physical delivery of all commodities, commodity financing on WR’s and hedging advantage with trading facilities.

GCL provides you services for a complete range of insurance solutions that cover both Life as well as Non-Life Insurance.

They offer wide spectrum of investment schemes from top mutual fund houses available in India. You can do SIP (Systematic Investment Plan) Investment in Mutual Funds with GCL Securities for which you need not pay anything extra. GCL also provides you recommendations that are based on mutual fund ratings, in-depth research & performance updates, helping the clients meet your investment goals.

The broker also offers free investment workshops to gain knowledge on investment basics that caters the need of investor education program.

GCL India Customer Service

On customer services, GCL branches are teamed with dedicated financial experts to offer personal financial services for all your investment needs depending upon your risk appetite. Customer support is available through email, online helpdesk, phone call and also can be approached personally at any local branch for account opening and getting help with any investment needs. The branches are available in Ganganagar and Jaipur (Rajasthan) and Ahmedabad and Mehsana (Gujrat) and New Delhi.

GCL Securities Products & Services

Here is the list of products & services they offer:

GCL Securities Products

  • Equity
  • Derivatives
  • Commodity
  • Currency
  • Mutual Funds
  • SIP
  • Insurance

GCL Securities Services

  • Demat Account
  • Trading Account
  • Advisory Services
  • Research Reports
  • PMS
  • IPOs
  • 24/7 Customer Support

GCL Securities Brokerage Charges & Fees

gcl securities brokerage charges

GCL Securities offer trading and demat account both free. AMC for both the account mentioned earlier is also nil. You must have a Demat account (compulsory) with GCL along with a trading account to avail of all the benefits that come with it.

GCL Securities brokerage plan is near the lowest in the Industry. The broker charges 0.10% for trading in equity cash segment, 0.01% for trading in equity Intraday and Future. Options trading can be done at Rs. 25 per lot which shows cut-throat competition.

The GCL equity delivery brokerage of 0.10% is quite less expensive than almost all the big brokers, such as HDFC Securities, Kotak Securities, IIFL, ICICIDirect, Sharekhan, etc.

In terms of Equity Intraday and Future traders, the brokerage rate of 0.01% is very less expensive that cannot be ignored. It’s the cheapest in the full-service Broker Industry.

Options Trading @ Rs.25/- per lot is equally adorable.

Commodity trading can be done at .01%. Same for currency future @ 0.01%

Currency Option trading can be done @ Rs10/-.

The brokerage is not disclosed online, they want you to approach them personally for any brokerage related queries and you will get the brokerage depending upon volume traded.

GCL Securities Account Charges

  • Trading Account Opening Charges: Nil
  • Demat account Opening Charges: Nil
  • Trading Annual maintenance charges: NIL
  • Demat Account Annual Maintenance Charges: Nil

GCL Securities Brokerage Charges – Basic Account

Brokerage PlanBasic Account
Flat FeeNA
Equity Delivery0.10%
Equity Intraday0.01%
Equity Futures0.01%
Equity OptionsRs.25
Currency Futures0.01%
Currency OptionsRs 10
Commodity0.01%

How to Open GCL Securities Demat Account?

To open a Demat account with GCL Securities, the investor has to open a 2-in-1 account. Following are the ways to open an account with GCL Securities:

  • Fill an online application form.
  • Website: Gclindia.co
  • Contact Phone Number/helpline: 0141-2357943
  • Contact email:info@gclindia.co
  • Registered Office: 64 HSIDC, Kundli, Sonepat, Haryana 131028

Why Open Demat Account with GCL Securities?

  • All investment options – Equities, F & O, Currencies, Commodity, IPO, Mutual Funds.
  • Free call and trade, for which many other brokers demand up to Rs25/-.
  • Recommendations on Mutual Fund investment.
  • Free trading and demat account opening with the ZERO maintenance fee.
  • Low brokerage.
  • Branches available with dedicated financial experts.

GCL Securities Trading Platforms Review

GCL securities offer software-based, web-based and mobile App-based trading platforms at zero cost, which is quite very rare in the trading industry.  The web and desktop based software is through ODIN.

GCL Securities Desktop based Trading Terminal: GCL ODIN Client Review

This fully functional trading terminal is a light-weight easily downloaded application. This facilitates efficient trading and incorporates many appealing features required by active clients while trading.

GCL Securities Web-based Trading Platform: GCL ODIN Web Review

The website based trading is platform-independent and accessible through any web browsers. The easy to use website has all possible features an investor needs to execute a trade in the stock market.

GCL Securities Mobile App based Trading Platform: GCL e-lite Trader Review

The broking house offers a simple, secure & easy to use and absolutely free Mobile Trading App. GCL e-lite Trader allows you for trading across equity, derivatives, currency, and commodity on NSE, NCDEX & MCX. The app is only for Android phones. Trading on BSE is not available through a mobile app.

Apart from trade execution, the other features are:

  • Live streaming quotes – commodities, stocks and futures indices.
  • Multi-exchange streaming watch- list & quotes.
  • List and grid view market watch available.
  • Create up to 4 multi-asset watch lists updated with live data so you get comprehensive idea to trade.

GCL Securities Advantages / Disadvantages

The brokerage looks fair and low as far as technology is concerned. GCL Securities need to be competitive & proactive and should bring new tools and value-added services to attract today’s tech-savvy customers. The Broker’s personal financial services through a dedicated team of relationship managers and dealers are going to be a plus point for you and can be seen as a factor to opt for them.

With no account opening charges and zero AMC, you can for sure give GCL a try for your trading and other investment needs.

Advantages

  • Free call and trade facility.
  • Their own DP service.
  • Experienced team of Relationship Managers and Dealers.
  • Provides solutions for commodity trading.

Disadvantages

  • Not transparent in brokerage charges and other fees like other brokers.
  • Trading on BSE is not available on the Mobile App.
  • Research available only for the mutual fund segment.
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