GCL Securities was started as an entrepreneurial startup but very soon emerged as one of the leading stockbrokers of India. Incorporated in 2004 by Mr. Tilak Raj Sharma, GCL is a well-established and popular platform for all your trading needs. This full-service broker offers a wide range of financial services including investment in stocks, equity, derivative, currency, commodity, mutual fund and IPO. GCL is a SEBI registered broker and a depositary participant of national depositary organisation CDSL. On GCL platform, you can invest in BSE, NSE, MCX and NCDEX.
GCL offers two types of brokerage plan in which brokerages charges are fixed to trade in various segment which is quite less as compared to any other full-service broker. As a depositary participant of CDSL, GCL is well-known for its depositary services as it does not charge any amount to open demat and trading account.
GCL Securities offers strong, hassle-free, simple and ultra-fast trading platform ODIN through which you can trade from any place across India. It offers free research and advisory services to all its clients.
GCL Securities Brokerage Plans:
GCL Securities offers two types of account which have different brokerage, 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, the company charges brokerage of @flat Rs.25 per trade across all segment. This plan is for those traders who does not want any in-person assistance and call & trade services which are not available in this plan.
You can open an account by using online and offline method on GCL securities platform.
• Online Account Opening – You can open online account by visiting the official website of GCL securities, within 3 minutes you can open an account.
• Offline Account Opening – You can open offline account by visiting GCL branches or sub-brokers or you can also download the account opening PDF form from the official website and you need to send that form along with required documents to the registered office of the GCL Securities.
GCL Securities Margin / Exposure:
Segment
Margin
Equity Delivery
As per exchange VAR + ELM
Equity Futures
Intraday – Up to 10x, carry forward – 100% (1x)
Equity Intraday
Up to 10x (Based on stock)
Equity Options
Up to 10x (Sell), Intraday (Buy) – Up to 1x, Carry Forward – 100%
Currency Futures
Intraday – Up to 6x, Carry Forward – 100% (1x)
Currency Options
Up to 10x (Sell), Intraday (Buy) – Up to 1x, Carry Forward – 100%
Commodity Futures
Intraday – Up to 12x, Carry Forward – 100% (1x)
Commodity Options
Up to 6x (Sell), Intraday (Buy) – Up to 1x, Carry Forward – 100%
GCL Securities Trading Software
GCL Securities offers the ODIN trading platform with the facility to invest in equity, derivative, mutual funds, currency, commodity and IPO. ODIN is the online trading platform used by 1000+ brokers. GCL Securities trading platform are as follows:
• GCL On-Time – Mobile-based Trading Platform
• GCL Pro Web – Browser-based Trading Website
• ODIN Diet – Trading Terminal
GCL Securities Advantages and Disadvantages:
Advantages:
• Free research and advisory services.
• Facility of 100% paperless account opening.
• Free call & trade facility in premium plan.
• Offer both online and offline account opening facility.
• Dedicated Relationship Manager assistance in the premium plan.
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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