SAMCO Review - A Discount Share Broker India 2018


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Overall

Samco, one of the oldest discount brokerage with customer-oriented and focus on innovation to satisfy every investor need. Feature-rich tools and platforms offered by Samco provide value addition to your trading.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why SAMCO?

  • With Samco investment options available are Stocks, commodity, Bonds, ETFs and IPOs.
  • A flat fee of Rs 20 per executed order for trading in stocks, F&O, Currency and Commodity.
  • A unique tool for rating listed Securities according to their Fundamentals.
  • A special feature like SAMCO CashPlus, SAMCO Databank, SAMCO Ratings Monitor.
  • StockNote - New analytical base mobile trading app by SAMCO.
  • Free and Innovative tools like Brokerage Calculator, SPAN Calculator, SAMCO Data Bank, Pledge Monitor and powerful trading platform on web, desktop and mobile.
  • Cover Order, Bracket Order option is available to manage risk.
  • Margin Funding is available on 18% PA interest.
Special Offer: 100% Brokerage Cash Back for 1st Month for trades using Stocknote Mobile App + Free Trading and Demat Account Opening
LikesLikes

  • Margin against shares and margin funding for equity delivery trades available.
  • High leverage upto 33x for trading in equity intraday using MIS.
  • Referral Credit.
  • Cover Order, Bracket Order and Trailing Stop Loss order available. Bracket Order available for commodity trading.

DislikesDislikes

  • No monthly plans.
  • No Mutual Fund investment.
  • Samco is an online discount broker, so no branches and offline support.

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SAMCO Review - 2018

SAMCO is the online discount brokerage firm launched by SAMCO Securities. The company has a strong hold in the capital market as full-service Broker from last 20 years by formal brand name Samruddhi Stock Brokers Limited. SAMCO offers to trade 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 intraday, 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. 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 evaluates and rates 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. Samco's referral program gives you chance to earn by referring your friends and relatives and become Samco referral associate.

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

SAMCO Stock Plus: It is margin against shares trading account which provides trading limits against shares for intraday and positional trading in the Equity Derivatives and Currency Derivatives Segment.

SAMCO Intra Plus: It is a Zero Brokerage Zero Balance Trading Account which provides margins against shares for intraday trading on NSE and BSE in the Equities and Derivatives Segments.

SAMCO Data Bank: This can be a handy company performance tool for the 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 AAA rating to stocks for better decision making.

SAMCO Margin: Investor can use up to 15X Intraday equity segment leverage (MIS) ranges depend on stock. List of stocks and their corresponding 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 the end of the day (Equity & F&O: 3.15pm, Currency: 4.30PM, Commodity: 30 mins before close).

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 Yes
Rating
Please refer unique and accurate SAMCO Brokerage Calculator

SAMCO Brokerage Charges - 2018

SAMCO charges max Rs 20/ executed order for all segments. If your trading volume is low, you will get the benefit of lower of Rs 20 or .2% (for delivery) and .02%( for derivatives) charges. 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 Max Rs 20 charges is equal to Zerodha (Rs 20),RKSV (Rs 20),Tradejini (Rs 20) but slightly expensive than 5paisa(10 Rs), SASOnline(Rs 9) & RK Global (Rs 9),Trade Smart Online(15 Rs), Prostocks(15 Rs) plans. Where Zerodha and Upstox are providing free delivery trading SAMCO is charging Rs 20 or .2% for Delivery trading.

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): Free
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 PA

Other Charges

  • Call and Trade feature is available at an extra cost of 20 Rs per call + GST, First 20 call n trade are free.
  • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of 20 Rs per contract + Courier charges +CDSL charges
  • Money withdrawals charges apply 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 - up to 3x to 10x on MIS orders, up to 33x on CO Orders, Overnight/Carry Forward Orders - No Leverage.
  2. SAMCO Exposure for Equity/Index Future Trading - SAMCO offers 40% to 50% of NRML Margin for MIS and Additional leverage for CO Orders up to 33x.
  3. SAMCO Exposure for Options Buying Trading - SAMCO doesn't 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 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

SAMCO Web, Mobile app and Desktop base trading platform - 2018

With SAMOC, you can trade using below trading platforms available. The company provides the latest trading platform for online trading, no branch offices or offshore support. Call and trade facility is also available on additional charges Rs 20 per trade. 

  1. SAMCO StockNote
      StockNote is a new mobile App from SAMCO, This mobile app is giving users all the basic trading feature with advance AI (artificial intelligence) and analytical techniques to provide you runtime opportunities, trends and patterns to get more insight update of market movement.
  2. SAMCO Trader (Omnesys NEST Trader)
      It is an EXE Version for Windows. SAMCO uses Omnesys NEST Trader as its trading platform for desktop trading.
  3. SAMCO Web Xpress
      HTML platform to allow you to place orders on the move which functions on all web browsers, tablets and mobile phones. The website is trade.samco.in
  4. Algorithmic Trading
      SAMCO introduced an Amibroker-SAMCO Trader plugin in association with Global Data Feeds LLP (GDFL) to automate the trading using algo trading.
  5. SAMCO Star(Back Office Software)
      It is the back office tool of SAMCO to analyze trades, check account statements, withdraw funds, check holdings, pledge / unpledged holdings etc.
  6. 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

SAMCO 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

SAMCO 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

SAMCO 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

SAMCO 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

SAMCO 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 stated its journey with big advertising strategy of initiating an investment league and promoting it with the big celebrity of India Kapil. The Company policy towards transparency, good track record, customer support, trading tools, a decent margin strategy made SAMCO as a brand name in discount broking industry. SAMCO is reliable discount broker with great offering and balanced plan, can be a good option for online investors.

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SAMCO User Reviews

avatar
57. Ahmar Khan  Apr 26, 2018 5:03:01 PM IST Reply
SAMCO has proved its worth by introducing a new instrument in the industry, an app called StockNote, which is a tech like you''ve never seen in the Indian trade market yet. No doubt that SAMCO is gonna overtake the leaders of the game in no time.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
56. Ahmar Khan  Apr 26, 2018 4:57:56 PM IST Reply
SAMCO has proved its worth by introducing a new instrument in the industry, an app called StockNote, which is a tech like you''ve never seen in the Indian trade market yet. No doubt that SAMCO is gonna overtake the leaders of the game in no time.
avatar
55. Kiran Bunny  Apr 26, 2018 4:41:16 PM IST Reply
The new StockNote app of SAMCO securities is truly awesome. I''ve used a couple of trading apps over the years but this seems unique in comparison to those.
I''d recommend SAMCO and its app to all my friends.
Cheers!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
54. Dilip  Feb 17, 2018 10:16:46 PM IST Reply
Good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Average
avatar
53. Datta Andhale  Feb 3, 2018 2:16:48 PM IST Reply
Samco security best trading of share market agency

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
52. Rajat  Jan 20, 2018 8:41:36 PM IST Reply
nice experience

Ratings:

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

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