If you’re interested to join GCL securities as a client, then you should be aware of the GCL Securities Charges. Here we’re going to discuss the different types of charges, for example, Minimum brokerage charges, account opening, transaction charges, and more including GCL Securities Brokerage charges.
GCL Securities are one of the leading financial groups in India with decades of experience. This started as an entrepreneurial startup and has now become one of the most trusted in their line of work.
GCL Securities Brokerage Charges
The following table briefly describes the different GCL Securities brokerage charges for various trading options offered:
|Equity Delivery Trading||0.10%|
|Equity Intraday Trading||0.01%|
|Equity Futures Trading||0.01%|
|Equity Options Trading||Rs25 per lot|
|Currency Futures Trading||0.01%|
|Currency Options Trading||Rs.10 per lot|
|Demat AMC Charges||Rs.300 per Annum|
|Trading AMC Charges||Free|
|Brokerage Calculator||GCL Securities Brokerage Calculator|
The equity delivery trading charges charged by GCL Securities are 0.10%. Yet the equity intraday trading charges and equity futures trading are 0.01% of the amount traded. The same goes for Equity Futures trading where charges are 0.01%. The equity options trading charges are Rs.25 per lot.
The currency futures trading and commodity trading charges are the same, which is 0.01% each. Whereas the currency options trading charges are Rs.10 per lot. The minimum brokerage amount you have to pay for a transaction made through GCL Securities is Rs.20.
For opening a Demat account you will be charged Rs.300 per annum. But there are no Trading AMC charges as that is free. This covers the GCL securities brokerage charges that you should pay for each transaction.
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GCL Securities Account Opening Charges
The GCL Securities Opening Account Charges are illustrated below in the table:
|Account Opening Charges|
|Trading Account Opening Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Account Opening Charges [One Time]||Free|
|Demat AMC [Yearly]||Rs.300 per Annum|
While opening an account with any broker you will be charged a certain amount. With GCL securities you won’t be charged for one-time trading charges as the GCL Securities trading charge is free. They also don’t charge for Trading AMC as the Trading GCL Securities AMC charges are free of cost as well.
For opening a Demat account refer to the details given below. The charges are null for opening a one-time Demat account. But you will be levied a charge of Rs.300 per annum for as yearly Demat account AMC. The margin amount for your account will be Rs.10,000.
GCL Securities Transaction Charges
GCL charges an amount for every transaction you will make through their platform. The transaction charges for different types of trading options are mentioned below:
|Equity Delivery||0.00280% of Total Turnover|
|Equity Intraday||0.00280% of Total Turnover|
|Equity Futures||0.00280% of Total Turnover|
|Equity Options||0.00280% of Total Turnover|
|Currency Futures||0.00280% of Total Turnover|
|Currency Options||0.00280% of Total Turnover|
|Commodity||0.00280% of Total Turnover|
The charges levied for equity delivery are 0.00280% of total volume. Also, the equity intraday charges are 0.00280% of total yield. The same goes for equity futures trading, you will be levied a charge of 0.00280% of total output.
The transaction made for currency futures and currency options are both the same, which is 0.00280% of total turnover each. The transaction for a commodity will levy a charge of 0.00280% of total income.
For equity options, the charges are the same as 0.00280% of total turnover. In summary, the GCL Securities transaction charge for any transaction made is 0.00280% of total turnover.
GCL Securities Other Charges
Some of the other GCL Securities charges are mentioned below in the table briefly:
|SEBI Turnover Charges||0.0006% of Total Turnover|
|STT||0.0112% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of ((Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Zero|
The SEBI and STT turnover charges are 0.0006% and 0.00112% of total turnover respectively. The stamp duty charge is dependent on the state where you are based out of. You will also have to pay GST which is 18% on the sum of brokerage and transaction charges.
The margin funding charges are 18% with the addition of GST. To reactivate any segment of your account you will be levied a charge of Rs.50 per segment.
The account close charge is zero, which means it is free. The dematerialization charges are Rs.53.These are some GCL Securities other charges you will be paying as a client of GCL Securities.
GCL Securities charges – Conclusion
We have covered all the charges you will be paying if you’re looking to be a member of the GCL securities family. They are discount brokers, so the charges are less compared to the traditional brokers.
The GCL Securities Demat charge for one time is free. But, if you’re looking for a yearly Demat account the charge is Rs.300 per annum.
And the charge for account closure is free. The minimum brokerage charge client will be paying is Rs.20. We hope this covers all your concerned queries about GCL Securities charges.
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