• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

Overview Overall

"GCL Securities is one of the rising broker based out of Jaipur which has gained name and fame in just a shorter period of time. The broker is very good with SIP’s and this is one of the most selling services for the broker. The broker charges nothing for opening account for DEMAT and trading and provides free call & Trade services as well."

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why GCL Securities?

    •  Free call and trade option available.
    •  Free trading and DEMAT account opening with zero maintenance fee.
    •  Low brokerage than any other full service broker.
    •  Branches available with dedicated financial experts.
    •  Strong base in mutual funds.
    •  All investment options – IPO’s, derivatives, Equities, currencies, commodity, and mutual funds.

Positives

  •   Free calling and trading.
  •   Dedicated team of relationship managers and dealers.
  •   End to end solutions to commodity trading.
  •   Own DP services.

Needs Improvement

  •   Not transparent in brokerage charges and other fees.
  •   Research available only for mutual funds.
  •   On mobile phone trading on BSE is not available.

Overview

Zerodha
Type of site Public Limited
Founded Year 1992
Headquarters Mumbai, India
Key people Tolak Raj Sharma (Chairman)
Vishal Bagadia (Director)
Honey Sharma (MD)
Mahesh Bagadia (Director)
Industry Stock Broker
Products Investment banking, Currency derivatives, Equity derivatives, Financial planning, wealth management, mutual funds.
Services Equity, Derivatives, Currency Trading, Loans
Employees 50+ employees
Website https://gclbroking.com/
Company GCL Securities Pvt. Ltd. GANGA NAGAR COMMODITY LIMITED
Users 4282+

An emerging full-service broker provides equity broking and advisory services also helps in investing in investment options like mutual funds, IPO’s, insurance and many more.

Its solution is based on analysis and market condition. The broker mainly focuses upon providing solutions for trading and investment in equity shares, derivatives, currency, commodity, mutual funds and IPO’s with the help of membership with NSE, BSE, MCX, NCDEX. GCL securities offer to trade with both stock exchanges NSE & BSE.

The broker offers a wide spectrum of investments schemes from top mutual fund houses. On the basis of in-depth research, mutual fund performance and mutual fund ratings GCL gives appropriate solutions to the clients, this in results builds the trust towards the broker.

Customers can resolve their queries over a call, mail or online help desk and they do have an option to visit the branch office and open their account accordingly. The branches are available in Ganganagar, Jaipur, Ahmedabad and Mehsana, Delhi.

Customers get single access to all the markets which makes it easy to keep track of all the securities at a time. The broker provides 24*7 IPO assistance over the phone. The complete transparency and online application ”GCL ON-TIME” make GCL Securities one of the best in SIP (Systematic Investment Plans).

GCL offers its own DP services registered with CDSL. GCL also provides commodity services with the help of Ganganagar commodities ltd where they offer multiple & customized brokerage plans. GCL also offers a complete range of life and general insurance solutions to its clients.

Affiliation Details

  1. CIN : U67120UP2012PTC110014
  2. SEBI Reg. No. :
    • NSE & BSE: INZ000004036
    • MCX , ICEX & NCDEX: INZ000016737
  3. 3.BSE Member ID: 6605
  4. NSE Member ID: 90046
  5. MCX Member ID: 40355
  6. NCDEX Member ID: 00471
  7. ICEX No. : 2034

Customers Service

  1. Customer Support :
    • +91-141-2357943
    • Call & trade:
      • 0141- 2357942, 0154- 2483944
    • Account opening:
      • https://www.gclbroking.com/open-new-account.php
  2. Email Support :
  3. Corporate Office : Commodity: 15,
    National Highway,
    Opp. S.D. College,
    Sri Ganganagar (Raj)-335001
    Equity: 3rd Floor, Raghukul Tower, Khatipura T-Point, Sirsi Road, Jaipur (Raj.)-302021
  4. Active Client Details
    • 4282+ clients.

Account Opening & AMC Charges

To open an account with GCL Securities, it’s not a time consuming task, just a matter of 15 minutes. Normally for creating an account one has to pay account opening charges but not with GCL Securities.

The broker gives an easy and non-complicated way to open an account with their broker firm. They do not charge any account opening as well as no maintenance charges for trading and DEMAT account.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account NIL NIL
Demat Account NIL NIL
How to open the account with GCL Securities?

A DEMAT account with a registered broker is necessary for trading purpose and with GCL Securities it is very simple. By various methods you can create an account without hustle bustle with your convenience:

  1. 1.Visit the branch:

    With the help of dedicated manager and associates an individual can easily open an account with GCL Securities. The person just have to fill the form for opening a DEMAT account and has to submit the necessary document with that particular form.

  2. 2.Register online:

    For registering yourself with GCL Securities you just have to visit this page (https://www.gclbroking.com/open-new-account.php) register and enjoy the leisure with GCL Securities in trading and investment. This link also contains the information on the GCL Securities and DEMAT account.

  3. 3.Download the form and submit

    One of the flexible way for getting yourself registered with GCL Securities is by downloading a form, filling it with all the credential and attaching the required documents, it has to be sent to any of the offices for further processing and soon you will be having an account to start trading.

The Final Thoughts

GCL Securities is one of the rising broker all across India which has gained name and fame in just a shorter period of time because of their quality deliverance and proper inputs to their clients. They have a client base of 4282 customers and serving them with full dignity and dedication. The broker is very good with SIP’s and this is one of the most selling services for the broker. The broker charges nothing for opening account for DEMAT and trading, free call as well. This experience allows the company to provide all the services and products related to IPO’s, mutual funds, derivatives, etc. to this huge customer line. They consider all types of traders and therefore have provided multiple plans and have developed low bandwidth website so that all may trade easily. But the broker is not clear with other charges and fees, BSE trading is not available on mobile application and the researches are only available for mutual funds, give a negative marketing for GCL Securities. Now the decision is yours weather to opt this broker or not.

GCL Securities User Reviews

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