SAMCO Review - A Discount Share Broker India 2017


SAMCO Logo

Contact Broker

Name Phone
Email City
State
Open an account today. Get Started
Overall

SAMCO, is pouplar among investors because of its new ITL or Indian Trading League. Overall average discount broker, switching from traditional brokerage to discount broker, should improve more on customer support and customer management.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why SAMCO?

  • With Samco, investment options available are Stocks, commodity, Bonds, ETFs.
  • Flat fee of Rs 20 per executed order for trading in stocks, F&O , Currency and Commodity.
  • Unique tool for rating listed Securities according to their Fundamentals.
  • Special feature like SAMCO CashPlus, SAMCO Data bank, SAMCO Ratings Monitor
  • Free and Innovative tools like Brokerage Calculator, SPAN Calculator, SAMCO Data Bank, Pledge Monitor and powerful trading platform on web, desktop and mobile.
  • Samco introduced a trading championship called ITL or Indian Trading League Season 2 where winner for generating highest percentage returns in trading across equity, derivatives, commodity or Currency in 1 year will be awarded Rs 1 crore cash.
LikesLikes

ITL, the trading League; Leverage for trading in equity intraday using MIS is highest in the industry ranging from 3X to 15X depending on the stocks; Referral Credit; Cover Order, Bracket Order and Trailing Stop Loss order are available.

DislikesDislikes

Margin required for Nifty and Bank Nifty is high; no margin in equity delivery; average customer Service.

Exclusive OfferExclusive Offer

SAMCO - Get Exclusive Offer
Sign up now
.



SAMCO Review - 2017

SAMCO is the online discount brokerage firm that has been just launched by SAMCO Securities. The company has a strong hold in capital market as full service Broker from last 20 years formal brand name Samruddhi Stock Brokers Limited. SAMCO offers trading across all leading stock and commodity exchanges in India including BSE, NSE, MCX-SX, MCX and NCDEX.

Their brokerage charges are quite in line with other major discount brokers in India. It is 0.02% or Rs 20 per executed order, whichever is lower, for intra-day, F&O, currency and commodity trading. For equity Delivery, the brokerage is Rs 20 or 0.2% per executed order whichever is lower.

With Samco, you can invest in Stocks, debentures, commodity, currency, bonds and ETFs.

You can also earn by referring your friends and relatives to Samco And become Samco referral associate. The distinguishing feature of the Broker includes Margin limits provided for intraday trades. Samco Rating Tool is the first and only Stock Rating tools in India. It evaluate and rate companies on a variety of different parameters including market analysis, earnings, balance sheet analysis, corporate governance and others.

Samco provides customer support through their phone line, query resolution on website and email.

The broker also provides Demat Account DP services. Samco offers 3 easy ways for funds transfer to Samco trading account i.e.

  • Instant Fund Transfers through Payment Gateway on your SAMCO Trader terminal or Back office
  • By way of NEFT/RTGS
  • By way of cheques

SAMCO CashPlus: Fist discount broker in India providing delivery leverage in equity segment to purchase share on NSE and BSE. You can get leverage of upto 4x on the shares bought.i.e if you have 1,00,000 Rs you can buy share up to Rs 4,00,000. You need to pay 0.05% charges on outstanding amount. You can use this facility for 300+ stocks listed in this category.

SAMCO Data bank: This can be a handy company performance tool for investor. You can get company's financial position/results in single page view from last few years for better decision making.

SAMCO Ratings Monitor: Depend on company's fundamentals, SAMCO is providing a AAA rating for decision making.

SAMCO Margin: Investor can use upto 15X Intraday equity segment leverage (MIS) ranges depend on stock. List of stocks and there corrosponding leverage is refreshed every day on SAMCO's site, It can be between 3X to 15X. Intraday derivatives segment (MIS) trades are allowed at almost half the normal margins. Intraday cover order (CO) trades which have built in compulsory stop loss order can have far higher leverage than the normal.All open MIS positions with SAMCO get squared off at 3:15 PM.All open CO positions with SAMCO gets auto squared off before end of the day (Equity & F&O: 3.15pm, Currency: 4.30PM, Commodity: 30 mins before close).

SAMCO Indian Trading League (ITL) Season 2

SAMCO announced the launch of the Indian Trading League Season 2. They introduced ITL last year. It was concluded in March. The new ITL begins from May 1, 2016 and will end on March 31, 2017. The basic rules and regulations and pre-requisites are same as last year. Different amount of prize money will be distributed to participants participating in different formats of league.

The League has added two new formats- the Royale League and the Students League along with the existing four formats viz the Traders league, the Commodities League, the Investors League and the Womens League.

The Royale League is for traders and investors investing with capital greater than Rs 5 Lakhs and Students League is for student participants below the age of 27. Participants in the Investors League can't invest in derivatives of any kind, and the Commodity League participants can only invest in commodity derivatives. Participants in the Investors League automatically qualify for the Traders League, and all women participants will qualify for the Womens League. You can participate in more than one league, separately.

The winners will be determined on the basis highest percentage net returns. All type of market participants like intraday and short term traders, positional traders, investors, system traders can participate in league.

The segments allowed to trade in are equities, equity derivatives, currency derivatives, interest rate futures. Participants can enter at any time during the year from 1st May, 2016 to 31st March 2017. Minimum initial capital deposit of Rs 25,000 is required in your trading account. Samco's fixed brokerage of Rs 20 per transaction will be applicable on every trade. There is no account opening charges as of now.

Different amount of prize money from 1.5 crore will be distributed to winners across different formats of league and time period. The winner of ITL Royale League will get a fund management contract of USD 1 million. First, second and third prizes are awarded in each category on annual, quarterly, monthly, weekly and daily basis. The first prize for annual winner in Royale league is Rs 10 lakh, for trader league 5 lakh, investor league 5 lakh, commodity league 5 lakh, women league 100 gm of gold and students league Rs 1 lakh.

You can check your ranking in the contest on Samco's website. Winners are announced periodically on the website. All winners receive prize money in their account accept for annual winners.

Samco is also rewarding gold, silver and bronze medals for different criteria and for trading and investing achievements. The program also penalizes users with Red cards and Yellow cards for mistakes made in their trading or investment portfolio.

Points to consider before entering this league:
  1. The league requires you to have a initial deposit of Rs 25,000. This means you have a stake of initial deposit from your pocket. If you perform badly, you stand to lose this money, and much more if you are trading in derivatives.
  2. The league gives all type of investors same platform to trade and win however stock market trading requires not only basic knowledge of equity markets along with technical and fundamental knowledge regarding securities trading, it is also important to know how to hedge risks with derivatives. With lack of knowledge on stock market, one should enter at its own risk. Professional traders may be benefitted here due to their experience in share market.
  3. The amount invested also matters. The person with lesser capital will always have greater chances of making higher percentage return.
Request call back from SAMCO
SAMCO with closest competitors
Broker SAMCO Zerodha ICICIDirect Sharekhan ProStocks
Service Type Discount Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage 20 Rs Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating
Please refer unique and accurate SAMCO Brokerage Calculator

SAMCO Brokerage Charges - 2017

SAMCO charges the flat Rs 20/ executed order for all segments. If your trading volume is low, you can avail benefit of lower of Rs 20 or .2% (for delivery) and .02%( for derivatives) . Samco doesn't have any hidden charges like software usage charges and there is no Trading account AMC which is pretty much standard with all discount Brokers.

SAMCO's Rs 20 flat-rate share trade is equal to Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20) but slightly expensive than my Value Trade(10 Rs), SASOnline(Rs 9) & RK Global (Rs 9),Trade Smart Online(15 Rs), Compositedge (18 Rs) plans.

Call and Trade facility is available at RS 20 / executed order with first 20 CALL N TRADE Free. SAMCO clears with the exchanges on T day so overnight exchange margins are the lowest in the Industry.

Account Opening Charges
  • Trading Account Opening Charges (One Time): Free
  • Demat account Opening Charges (One Time): Free
  • Trading Annual maintenance charges (AMC): Rs 400
  • Demat Account Annual Maintenance Charges (AMC): NIL
Other Charges
  • Call and Trade feature is available at an extra cost of 20 Rs per call + Service Tax,First 20 call n trade are free.
  • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of 9 Rs per contract + Courier charges +CDSL charges
  • Money withdrawals charges applies as per RBI guidelines.
  • Standard NSE charges, transaction charges and statutory levies are charged.

SAMCO Margin/Exposures and Intra-day Leverage

  1. SAMCO Margin for NSE Cash/BSE Cash - upto 3X to 10X on MIS ordedrs, upto 50X on CO Orders,Overnight/Carry Forward Orders - No Leaverage.
  2. SAMCO Exposure for Equity/Index Future Trading - SAMCO offers 40% to 50% of NRML Margin for MIS and Additional leverage for CO Orders.
  3. SAMCO Exposure for Options Buying Trading - SAMCO dont offer any leverage for Options buying.
  4. SAMCO Exposure for Equity Options Selling - SAMCO Equity Index (NIFTY,Bank Nifty and others) 40% of NRML Margin,Equity Stocks - 60% of NRML Margin.
  5. SAMCO Margin for Currency Futures - 50% of NRML Margin for MIS and Additional leverage for CO Orders.
  6. SAMCO Exposure for Currency Options Selling - SAMCO Currency Options - 50% of NRML Margin.
  7. SAMCO Margin for Commodity Futures - 40% of of NRML Margin for MIS and Additional leverage for CO Orders.
For complete brokerage charges and trading plans detail please visit SAMCO Brokerage Charges.
SAMCO Brokerage Charges - Fix Brokerage Plan
Brokerage Plan Fix Brokerage Plan
Flat Fee
Equity Delivery 20 or .2% whichever is lower
Equity Intraday 20 or .02% whichever is lower
Equity Futures 20 or .02% whichever is lower
Equity Options 20
Currency Futures 20 or .02% whichever is lower
Currency Options 20
Commodity 20 or .02% whichever is lower

Account Opening with SAMCO

For online trading with SAMCO, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with SAMCO:

  • Fill an online application form. Click here to fill the SAMCO contact form.
  • Website: https://www.samco.in
  • Contact Phone Number/helpline: +91-22-2222-7777/+91-22-6169-9000
  • Contact email:[email protected]
  • Registered Office:1004-A,10th Floor,Naman Midtown-A Wing,Senapati Bapat Marg,Elphinstone Road,Mumbai-400013

Contact Broker

NamePhone
EmailCity
State
Are you a day trader?

SAMCO Web, Mobile app and Desktop base trading platform - 2017

With Samco, you can trade using either of the trading platforms available:

  1. SAMCO Trader-Desktop .EXE Version for Windows. SAMCO use NEST as their trading platform for desktop.
  2. SAMCO Web 5 - An HTML platform to allow you to place your orders on the move which functions on all web browsers, tablets and mobile phones. The website is Trade.Samco.in
  3. SAMCO Mobile Application - Mobile Application for iOS and Android
  4. SAMCO Call & Trade - Available at additional charges of Rs. 20 per executed order.

Brokerage Calculator, SPAN Calculator, Margin Calculator, SAMCO Stock Ratings are some of the innovative tools offered by SAMCO to its clients.

For detail review of mobile app and download please visit SAMCO Mobile App.

SAMCO Membership Information

  1. SAMCO Securities Limited:
    • SEBI Reg. No. INZ000002535
  2. SAMCO Depository Participant:
    • CDSL - IN-DP-CDSL-443-2008
  3. SAMCO Commodities Limited :
    • MCX: MCX/TCM/CORP/1326
    • NCDEX: NCDEX/TM/CORP/1123

Product and Services

3 in 1 Accounthelp
No
Multiple Plans help
No
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
No
Charting help
Yes
Automated Trading help
Yes
AMO Order help
Yes
Allow GTC Order help
Yes
SMS Alerts help
Yes
Margin Trade Funding help
Yes
Combined Ledger for Equity and Commodityhelp
No
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
Yes
Mutual Funds help
No
ETF help
Yes
IPO Investment help
No
Bonds Investment help
No
Debt Investment help
No
Banking Service help
No
Insurance Service help
No
SIP Investment help
No

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
No
Stock Alerts Delivery - Text SMS help
No
Virtual Trading help
No
Watch-lists, streaming real-time quotes help
Yes
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
No
iPad App help
No
Mobile Trading Site help
Yes

Customer Service

Phone Support help
Yes
Toll Free Number help
Yes
Email Support help
Yes
Branch Offices help
No
Live Chat (Current Clients) help
No
24/7 Support help
No

Research and Market Reports

Daily Market Report help
No
Free Tips help
No
Quarterly Results help
No
New Alerts help
No
Mutual Funds Research help
No
Research Equity Reports help
No
ETF Research help
No

Final thought about SAMCO

SAMCO is entering the discount brokerage industry with big advertising strategy of initiating an investment league and promoting it with big celebrity of India Kapil Dev though it may only attract new entrants in stock market. For exisiting traders what matters the most is the transparency, track record, customer support, trading tools, decent margin which if SAMCO is successful to provide, can sustain with champions in discount brokerage space.

If you like what you have read and want to choose SAMCO or any other broker, leave your contact information with us and we will guide you.

Tags:

SAMCO review, SAMCO securities, SAMCO indian trading league, SAMCO itl, SAMCO ltd, SAMCO margin, SAMCO securities review, SAMCO IPO Investment, SAMCO Mutual Fund, SAMCO Mutual Funds, SAMCO Brokerage Calculator, SAMCO Brokerage Calc, ITL Brokerage Calculator, SAMCO app, SAMCO login, SAMCO mobile, SAMCO mobile app, SAMCO online trading, SAMCO trade login, SAMCO trader, SAMCO trader login, SAMCO traders, SAMCO trading, SAMCO trading login, www SAMCO, www SAMCO back office, www indiantradingleague, SAMCO account opening charges, SAMCO brokerage, SAMCO call and trade, SAMCO fund transfer, SAMCO trading account, SAMCO products, SAMCO services, SAMCO securities limited, SAMCO securities ltd, SAMCO security, indian stock league, indian trading league, indian trading league brokerage, indian trading league brokerage charges, indian trading league charges, indian trading league contact no, indian trading league login, indian trading league SAMCO, itl brokerage, itl SAMCO, itl trading, SAMCO india, SAMCO trading league, samruddhi stock brokers, samruddhi stock brokers limited, samruddhi stock brokers ltd, star SAMCO, SAMCO address, SAMCO contact no, SAMCO contact number, SAMCO customer care, SAMCO customer care number, SAMCO SEBI Turnover Charges, SAMCO service tax, SAMCO STT/CTT Charges, SAMCO transaction Charges, SAMCO Equity Currency Options Trading Charges, SAMCO Equity Currency Futures Trading Charges, SAMCO Equity Options Trading Charges, SAMCO Equity Futures Trading Charges, SAMCO Equity Delivery Trading Charges, SAMCO Equity Intraday Trading Charges, SAMCO plans, SAMCO Trading Charges, SAMCO demat AMC, SAMCO Faq

SAMCO User Reviews

avatar
51. aditya chandel  Oct 6, 2017 10:23:58 AM IST Reply
Is it good for new entrants in the stock market.
avatar
50. Swaroop  Jul 24, 2017 5:42:09 PM IST Reply
good broker ever

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
49. Ayush Kumar  Jul 14, 2017 8:55:09 PM IST Reply
easy and comfortable for stock trading.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
48. ABHIJIT DEORE  Jul 2, 2017 8:21:26 AM IST Reply
BEST BROKARAGE FERM AMONGST ALL. NO HIDDEN CHARGES APPLIED ONCE YOU OPEN AN ACCOUNT.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Below Average
Overall Experience - Excellent
avatar
47. swapan das  Jun 16, 2017 11:44:10 AM IST Reply
Dear Sir
interday me nifty 1 lot future me kam karne ke liye kitna rs lagegi,kolkata me koi off hai samko ka,account karna hai...
Thanks Sir
avatar
46. Jubin Ninan  Jun 11, 2017 6:41:48 PM IST Reply
AMC should be low.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
45. BAIDYA  May 25, 2017 10:37:40 PM IST Reply
GOOD

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Average
Overall Experience - Excellent
avatar
44. PRATHIK SHETTY  May 19, 2017 4:45:14 PM IST Reply
Have been using the services of SAMCO from past 1 year. Being a investor who trades in volumes. The Flat Fee Structure has helped me to massively on the fees part. They charge flat fees irrespective of volume. I am saving around 80% as compared to my earlier brokerage house.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
43. prathik shetty  May 19, 2017 4:42:12 PM IST Reply
SAMCO is an excellent brokerage which charges a flat brokerage fee of Rs. 20, which is quite nominal. And it follows democratic principles of treating all clients equal.
avatar
42. Syed  May 17, 2017 10:42:52 AM IST Reply
With zero downtime of the platform,SAMCO securities came across as a reliable agency. The customer service is also very helpful and knowledgeable. While I m trading with them I am assured that I will get best services at a flat fee structure.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

Enquire Trading Brokers:

Name:Phone:
Email:City:
State:
Are you a day trader?

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam



Search topsharebrokers.com:

Translate topsharebrokers.com: