GCL Securities Brokerage Charges and Transaction Charges
GCL Securities was started by Mr. Tilak Raj Sharma in 2004 as a full-service broker of India. This is a very well-established and popular platform which offers a wide range of financial services including investment in stocks, equity, derivative, currency, commodity, mutual fund and IPO. As a SEBI registered broker and a depositary participant of national depositary organisation CDSL, GCL offers depositary services to all types of traders and investors as demat and trading account opening is free on this platform. GCL Securities facilitate you to invest in BSE, NSE, MCX and NCDEX. GCL Securities provides online as well as offline services through a network of branches, software, websites and mobile application.
GCL Securities is famous for its low brokerage charges in all the trading segments as it offers two types of brokerage plan (Traditional as well as discount brokerage plans) in which brokerages rates are fixed to trade in various segment which is quite less as compared to any other full-service broker. GCL Securities is fully dedicated to create awareness among different kind of investors and traders so that they can enhance their trading experience.
GCL Securities Brokerage Plans:
GCL Securities provides two types of account which has fixed brokerage in every segment, both plans are as follows:
1. Premium Plan (Full-Service Plan)
Under this plan, the company charges brokerage in percentage-basis to trade in Intraday, Delivery & F&O segments as well as it offers in-person assistance through relationship manager, free advisory services, free call & trade services etc.
Segment
Brokerage
Equity Delivery
0.20%
Equity Intraday
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
Under discount plan, GCL Securities charges brokerage of @flat Rs.25 per trade across all the segments. Discount Plan is for those traders and investors who does not want any in-person assistance as call & trade facility is not available under this plan.
Segment
Brokerage
Equity Delivery
Rs.25 per trade
Equity Intraday
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
GCL Securities Account Opening Charges:
GCL Securities does not levy any charges on opening of demat & trading account on this platform.
Account
Charges
Trading Account Opening Charges
₹0 (Free)
Trading Account AMC
₹0
Demat Account Opening Charges
₹0
Demat AMC
₹300 per year or Lifetime free AMC for Rs.1250
GCL Securities Demat Account Charges:
There exist various other demat account transaction charges which are as follows.
Transaction
Charges
Account Opening Charges (Demat)
Nil
Account Maintenance Charges
₹300 per annum
Demat Conversion
₹10 per certificate/unit + ₹30 courier charges
Remat Charges
Actual CDSL charges + ₹30 courier charges
Transaction Charges (Buy)
Nil
Transaction Charges (Sell/Debit) (Stocks)
₹11 per transaction (within GCL), ₹21 per transaction (outside GCL)
Pledge Creation
₹25
Pledge Creation Confirmation
₹25
Pledge Closure
₹25
Pledge Closure Confirmation
₹25
Pledge Invocation
₹25
Failed Instruction Charges
Nil
Margin Pledge / Un-pledge
₹11 per ISIN
Margin Re-Pledge / Un-pledge
₹5 per ISIN
Failed Instruction
Nil
GCL Securities Transaction Charges:
Segment
Transaction Fee
Equity Delivery
NSE- Rs.325 per crore (0.00386%) ; BSE- Rs.275 per crore (0.00384%)
Equity Intraday
NSE- Rs.325 per crore (0.00386%) ; BSE- Rs.275 per crore (0.00384%)
Equity Futures
NSE- Rs.190 per crore (0.0019%)
Equity Options
NSE- Rs.5000 per crore (0.05%)
Currency Futures
NSE- Rs.110 per crore (0.0011%)
Currency Options
NSE- Rs.110 per crore (0.0011%)
Commodity
MCX- Rs.260 per crore (0.0026%) ; NCDEX- Rs.600 per crore (0.006%)
GCL Securities Trading Taxes:
Taxes
Rates
Securities Transaction Tax (STT)
Equity Delivery- 0.1% on both buy & sell
Equity Intraday- 0.025% on sell side
Equity Futures- 0.01% on sell side
Equity Options- 0.05% on sell side (premium)
Commodity Futures- 0.01% on sell side (Non-Agri)
Commodity Options- 0.05% on sell side
Currency F&O- No STT
On exercise transaction- 0.125%
Right to entitlement- 0.05% on sell side
GST
18% on (Brokerage+Transaction+SEBI fee)
SEBI Charges
0.00005% (Rs.5/crore)
Stamp Duty
(On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001%
GCL Securities allow BTST (Buy Today Sell Tomorrow) facility only in Futures & Options. BTST is not allowed in equity delivery segment in GCL platform. In the case of equity delivery, you need to have the stocks in your account before selling them.
Yes, GCL Securities offers following trading software and mobile application:
• GCL On Time (Mobile-application)
• GCL Pro Web (Web-based browser)
• Trading Terminal (ODIN)
No, GCL Securities does not offer offline trading facility to their clients. You can trade through online method by using mobile application and browser-based website.
Flex SIP is the facility through which an investor can invest at predetermined intervals in the available eligible schemes of the fund. The formula linked to value of investments is used to determine the higher amount.
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