Top Stock Advisory
Gcl Securities vs. VNS Finance
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Gcl Securities and VNS Finance. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Gcl Securities and VNS Finance.
Overview
Gcl Securities is private company and VNS Finance is public company. both are full service broker as well. Tilak Raj Sharma co-founded Gcl Securities in 1994. And VNS Finance was founded in the year 1995 by Vijay Kumar Singhania. Gcl Securities's headquarters are in Kanpur, Uttar Pradesh and VNS Finance's headquarters are in KANPUR (U.P.).
Gcl Securities and VNS Finance both are full service broker as well. Gcl Securities is registered in BSE, NSE, MCX, NCDEX , while VNS Finance is registered in NA. The total branches of Gcl Securities are 7 and the VNS Finance branches are Nil.
| Overview | Gcl Securities | VNS Finance |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Kanpur, Uttar Pradesh | KANPUR (U.P.) |
| Founders | Tilak Raj Sharma | Vijay Kumar Singhania |
| Foundation Year | 1994 | 1995 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX | NA |
| Total branches | 7 | Nil |
Gcl Securities and VNS Finance Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Gcl Securities charging Free and VNS Finance charging Rs.240.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Gcl Securities Demat account is Rs.300 per Annum and for the VNS Finance Demat account is Rs.240 per Annum. The Trading AMC for Gcl Securities and VNS Finance is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Gcl Securities and VNS Finance is CDSL.
| Account Opening and Demat Charges | Gcl Securities | VNS Finance |
|---|---|---|
| Trading Account Opening Charges | Free | Rs.240 |
| Demat AMC (Annual Maintenance Charges) | Rs.300 per Annum | Rs.240 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.10,000 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Gcl Securities and VNS Finance Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Gcl Securities is 0.10%, while VNS Finance charges you 0.24%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Gcl Securities is 0.01% and for VNS Finance also, it is 0.02%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Gcl Securities charge 0.01% and VNS Finance charge 0.02% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Gcl Securities charges Rs.25 per Lot, and VNS Finance charges Rs.24 per Lot.
| Equity Brokerage Charges | Gcl Securities | VNS Finance |
|---|---|---|
| Equity Delivery Brokerage | 0.10% | 0.24% |
| Equity Intraday Brokerage | 0.01% | 0.02% |
| Equity Futures Brokerage | 0.01% | 0.02% |
| Equity Options Brokerage | Rs.25 per Lot | Rs.24 per Lot |
Gcl Securities and VNS Finance Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Gcl Securities is 0.01% and for VNS Finance is 0.02%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Gcl Securities charges Rs.10 per Lot for currency options, whereas Gcl Securities charges Rs.15 per Lot.
| Currency Brokerage Charges | Gcl Securities | VNS Finance |
|---|---|---|
| Currency Futures Brokerage | 0.01% | 0.02% |
| Currency Options Brokerage | Rs.10 per Lot | Rs.15 per Lot |
Gcl Securities and VNS Finance Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Gcl Securities charges 0.01% for commodity trading, while VNS Finance charges 0.02%.
| Commodity Brokerage Charges | Gcl Securities | VNS Finance |
|---|---|---|
| Commodity Options Brokerage | 0.01% | 0.02% |
Gcl Securities and VNS Finance Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Gcl Securities levies a minimum brokerage fee of Rs.20, while VNS Finance charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Gcl Securities levies a transaction brokerage charge of 0.00280% of Total Turnover, while VNS Finance charges 0.00324%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Gcl Securities is 0.0006% of Total Turnover and for Gcl Securities is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Gcl Securities are 0.0112% of Total Turnover, while for VNS Finance, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Gcl Securities charges Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan and VNS Finance charges NA.
| Other Brokerage Charges | Gcl Securities | VNS Finance |
|---|---|---|
| Minimum Brokerage Charges | Rs.20 | Percentage of Transaction | Transaction Brokerage Charges | 0.00280% of Total Turnover | 0.00324% | SEBI Turnover Charges | 0.0006% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0112% of Total Turnover | 0.0126% of selling value | Call and Trade Charges | Rs 0 (Free) in Premium Plan and Rs 100 per call in Discount Plan | NA |
Gcl Securities and VNS Finance Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Gcl Securities is up to Upto 2x and by VNS Finance it is up to Upto 1x.
Equity Intraday: Leverage for equity intraday by Gcl Securities is up to Upto 6x and by VNS Finance it is up to Upto 7x.
Equity Futures: Leverage for Equity Futures by Gcl Securities is up to Upto 3x and by VNS Finance it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Gcl Securities is up to Upto 3x and by VNS Finance also, it is up to Upto 6x.
| Equity Leverage | Gcl Securities | VNS Finance |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 1x | Equity Intraday | Upto 6x | Upto 7x | Equity Futures | Upto 3x | Upto 3x | Equity Options | Upto 3x | Upto 6x |
Gcl Securities and VNS Finance Currency Leverage
The currency futures leverage provided by Gcl Securities is up to Upto 2x, while for VNS Finance it is up to Upto 2x.
The currency options leverage provided by Gcl Securities is up to Upto 2x, while for VNS Finance it is up to Upto 3x.
| Currency Leverage | Gcl Securities | VNS Finance |
|---|---|---|
| Currency Futures | Upto 2x | Upto 2x | Currency Options | Upto 2x | Upto 3x |
Gcl Securities and VNS Finance Commodity Leverage
The commodity leverage provided by Gcl Securities is up to Upto 2x, while for VNS Finance it is up to Upto 2x.
| Commodity Leverage | Gcl Securities | VNS Finance |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Gcl Securities and VNS Finance Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Gcl Securities | VNS Finance |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Gcl Securities and VNS Finance Features
Equity Trading: Gcl Securities and VNS Finance brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Gcl Securities and VNS Finance also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Gcl Securities and VNS Finance broker is that you can also invest in IPOs. Gcl Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Gcl Securities offers trading exposure of up to Upto 6x, while VNS Finance gives up to Upto 7x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Gcl Securities and VNS Finance, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Gcl Securities and VNS Finance also allow you to trade in forex trading.
| Features | Gcl Securities | VNS Finance |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | No | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 7x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Gcl Securities and VNS Finance Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Gcl Securities and VNS Finance offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Gcl Securities | VNS Finance |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | Yes |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | No |
| Top Picks | No | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Gcl Securities and VNS Finance Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Gcl Securities and VNS Finance offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Gcl Securities | VNS Finance |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | No | Yes |
Gcl Securities and VNS Finance Mobile Trading Platforms
Gcl Securities and VNS Finance offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Gcl Securities | VNS Finance |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Gcl Securities and VNS Finance Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Gcl Securities and VNS Finance give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Gcl Securities | VNS Finance |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 480 |
Gcl Securities and VNS Finance Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Gcl Securities and VNS Finance registered and resolved complaints.
For Gcl Securities, the Percentage of resolved BSE complaints is 93.33 % and the Percentage of resolved NSE complaints is 95.24 %.
For VNS Finance, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Gcl Securities is better than VNS Finance in case of resolving customer complaints.
| BSE Complaints | Gcl Securities | VNS Finance |
|---|---|---|
| BSE Complaints | 45 | 1 |
| BSE Resolved Complaints | 42 | 1 |
| Percentage of resolved BSE complaints | 93.33 % | 100.00 % |
| NSE Complaints | 63 | 5 |
| NSE Resolved Complaints | 60 | 5 |
| Percentage of resolved NSE complaints | 95.24 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 94.29 % | 100.00 % |
Frequently Asked Questions
Is Gcl Securities better than VNS Finance?
Gcl Securities and VNS Finance are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is VNS Finance better than Gcl Securities?
VNS Finance and Gcl Securities are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Gcl Securities and VNS Finance?
Gcl Securities and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Gcl Securities and VNS Finance?
To figure out which of the two stockbrokers, Gcl Securities and VNS Finance, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Gcl Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Gcl Securities with other brokerage firms.
Compare VNS Finance with other stock brokers
Visit the following pages to see a detailed comparision report of VNS Finance with other brokerage firms.