SAMCO Review 2019

Rated 4/5 by Top Share Brokers Team
SAMCO Review

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    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. SAMCO is offering "lowest brokerage" trading account in India. The company offer "100% online stock trading".

    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.

      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).

    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

Review Summary

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.

SAMCO Key Highlights

  • With Samco investment options available are Stocks, commodity, Bonds, ETFs and IPOs.
  • Lowest Brokerage - A Maximum 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.
  • 100% Online Stock Broker in India. No Branches and Partner Network.

Benefits

  • 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.
  • Mutual Fund Investment App

Considerations

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

Special Offer

100% Brokerage Cash Back for 1st Month for trades using Stocknote Mobile App + Free Trading and Demat Account Opening.

Simply leave your contact information with us and SAMCO representatives will contact you.

Request call back from SAMCO

SAMCO Investment Options Compare

Here we are comparing SAMCO with its 5 close competitors on investment options.

Broker SAMCO Sharekhan 5paisa Zerodha Upstox
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds No Yes Yes Yes Yes
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

SAMCO Brokerage Plans

Brokerage and Commission Rated 4/5

    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), Upstox(Rs 20) but slightly expensive than 5paisa (Rs 10), SASOnline (Rs 9) ,Trade Smart Online (Rs 15), Prostocks (Rs 15) 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.RMS Square close also comes under Call n Trade.
    • 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.

For complete brokerage charges and trading plans detail please visit SAMCO Brokerage Charges.

SAMCO with closest competitors

Here we are comparing SAMCO with its 5 close competitors, who are currently market leader in brokerage industry.

Broker SAMCO Sharekhan 5paisa Zerodha Upstox
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 20 Rs 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.2% or Rs 20 whichever is lower 0.5% or 50 paisa Flat Fee Rs 10 Free Free
Equity Intraday 0.02% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.01% or Rs 20 whichever is lower
Equity Futures 0.02% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 20 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.02% or Rs 20 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower Flat Fee Rs 20
Currency Options Flat Fee Rs 20 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate SAMCO Brokerage Calculator


SAMCO Margin Details

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.

Other than this basic margin policy SAMOC also have 3 different margin products - CashPlus, IntraPlus, StockPlus - For additional margin requirements.


Open Trading and Demat Account 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.
  • SAMCO Website: https://www.samco.in
  • SAMCO customer care/ SAMCO contact number: +91-22-2222-7777
  • SAMCO helpline number/ SAMCO help desk: +91-22-6169-9000
  • SAMCO email:[email protected]
  • SAMCO address:1004-A,10th Floor,Naman Midtown-A Wing,Senapati Bapat Marg,Elphinstone Road,Mumbai-400013

SAMCO for NRI

SAMCO as Stock Broker is not offring NRI service at this point.

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SAMCO Trading Platform

Trading Platforms Rated 4/5

    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 Trading Platform Review.

SAMCO Trading Platform Compare

Here we are comparing SAMCO with its 5 close competitors on Trading Platform.

Broker SAMCO Sharekhan 5paisa Zerodha Upstox
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) No Yes Yes Yes Yes
iPad App No Yes Yes Yes Yes
Mobile Site Yes Yes Yes Yes Yes

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 a great offering and balanced plan, can be a good option for online investors. SAMCO is first Discount broker who is offering 100% online brokerage service.

If you like what you have read and want to open an trading and demat account with SAMCO, leave your contact information with us and we will guide you.

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SAMCO User Reviews

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61. Amol Rajendra Fartade Feb 13, 2019 5:07:20 PM IST Reply
I am very happy to take the right decision to open an account with Samo. Sam provides the best customer service and hopefully will provide better customer service in the future.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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60. JOCHEF RABHA Oct 21, 2018 6:55:40 PM IST Reply
Can I trade mps infotecnics, kss, mvl like that shares here?
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59. Ashok Kumar Yadav Sep 9, 2018 2:55:27 PM IST Reply
Barhalganj me samco office nhi hai
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59.1. Sandeep Sep 10, 2018 7:00:00 PM IST
SAMCO, dont have branch office model. You need to contact customer care over phone to open new account.
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58. 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
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58.1. natcheappan Jul 18, 2018 10:28:52 PM IST
Really Worth, Best app for trade....Love it.
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57. 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
56. 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
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55. 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
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54. 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
53. 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

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