GCL Securities Brokerage Charges and Transaction Charges

 
 
 
 
 

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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%

Commodity Futures- 0.002%, Commodity Options- 0.003%

Frequently Asked Questions


Yes, GCL Securities offer customer chat support through which you can chat with customer support executive to resolve your query.
No, GCL Securities does not provide the facility of Algo Trading.
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)
Yes, Portfolio Management Services (PMS) are available in GCL Securities platform.
Yes, GCL Securities offer free research and advisory services to their clients. Through this platform, you can enhance your trading experience.
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.
No, GCL Securities does not allow Bracket Order (BO) and Cover Order (CO) on their platform.
Currently, GCL Securities does not offer NRI demat and trading services.
No, trading in Forex is not available on GCL Securities platform.
Yes, After Market Order (AMO) facility is available in the GCL Securities platform.
No, GCL Securities only offers 2-in-1 account to resident Indians.
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.

GCL Securities Reviews