GCL Securities Consumer Complaints 2024 | Enquiry, Reviews,Details
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GCL Securities Consumer Complaints
GCL Securities was incorporated in 2004 by Mr. Tilak Raj Sharma as a financial service provider and very soon emerged as a popular platform for all your trading needs. This full-service broker provides the facility to invest in equity, derivative, currency, commodity, mutual fund and IPO. As a SEBI registered broker and a depositary participant of CDSL, it does not charge any amount on opening of demat and trading account. GCL offers you to invest in national exchanges BSE, NSE, MCX and NCDEX.GCL offers two types of brokerage plan; Premium plan and discount plan in which under premium plan, GCL charges brokerage in percentage-basis which is quite less as compared to other full-service broker and under discount plan, brokerage is @flat Rs.25 per trade in all the segment.
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.
Consumer Complaints against GCL Securities:
As we all know, share market is full of uncertainties. Every trader follows their own strategy and make their investment platform through which they are enhancing their assets and trading experience. While trading, traders used to face problems related to fund transfer, trading software, order placement, brokerage, customer support etc. Traders/investors register broker’s complaints at Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Such registered complaints are serious grievances against GCL Securities which the broker has failed to resolve. This complaint data is provided by BSE and NSE and it shows overall health of GCL Securities.
This complaint report also provides the total no of active customers of GCL Securities as well as it shows the growth of the broker year on year.
GCL Securities Consumer Complaints:
Financial Year | Exchange | Number of Clients | Total Complaints | Percentage |
2024-21 | NSE | 4582 | 3 | 0.07% |
2019-20 | NSE | 3896 | 1 | 0.03% |
2018-19 | NSE | 4092 | 2 | 0.05% |
2017-18 | NSE | 4073 | 3 | 0.07% |
2016-17 | NSE | 1357 | 5 | 0.37% |
GCL Securities Complaint at NSE
Entity | 2024-21 | 2019-20 |
Defaulter | No | No |
Number of active clients | 4582 | 3896 |
Number of complaints received | 3 | 1 |
Resolved through the exchange | 2 | 1 |
Non-actionable | 1 | 0 |
Advised/Opted for arbitration | 0 | 0 |
Pending for redressal with exchange | 0 | 0 |
No. of arbitration filed by clients | 0 | 0 |
Decided by arbitrators in favour of the clients | 0 | 0 |
Decided by the arbitrators | 0 | 0 |
%of complaints against active customers | 0.07% | 0.03% |
%of complaints resolved against received | 100% | 100% |
GCL Securities Complaint at BSE
There are not any complaints received at BSE.
Note: These complaints may be against sub-brokers, franchisees, employees etc.
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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.
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