SAMCO Review 2019

Rated 4/5 by Top Share Brokers Team
SAMCO Review

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Incorporated in 2015, SAMCO is the brand name to offer online discount broking and depository services by SAMCO Securities Private Limited headquartered in Mumbai. The company has a stronghold in the capital market as a full-service broker from last 20 years by formal brand name Samruddhi Stock Brokers Limited (Now SAMCO Ventures Private Limited). SAMCO offers to trade and investing in stocks, debentures, commodity, currency, bonds, and ETFs across all leading stock and commodity exchanges in India including BSE, NSE, MCX-SX, MCX, and NCDEX. SAMCO Demat Account is offered through DP of CDSL.

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

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 offer margin and margin against shares through its unique tools like

SAMCO Cash Plus: First discount broker in India to provide leverage in the equity delivery segment to purchase shares on NSE and BSE. Leverage up to 4x on the shares bought is provided 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% per day interest on the outstanding amount. This facility is available for 300+ stocks listed in this category.

SAMCO Stock Plus: It is margin against shares trading account that provides trading limit 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 to provide margin against shares for intraday trading on NSE and BSE in the equities and derivatives segments.

The broker also provides DP services. Samco offers 3 easy ways for funds transfer to Samco trading account:

  • Instant Fund Transfers through payment gateway on SAMCO Trader terminal or Back office
  • By way of NEFT/RTGS
  • By way of cheques

Samco provides customer service through support desk to raise a ticket for any query, knowledge Base and phone line. Samco's referral program gives a chance to earn by referring your friends and relatives and become Samco referral associate.

Review Summary

Samco, the discount brokerage arm of the already established full-service broker has unique offerings and focus on innovation to satisfy every investor need. Feature-rich tools and platforms offered by Samco provide value addition to your trading.


Benefits

  • Paperless Account opening process called eSAMCO Account.
  • Lowest brokerage- maximum of Rs 20 per executed order for trading in stocks, F&O, currency, and commodity.
  • Samco offer margin against shares with its products IntraPlus or StockPlus.
  • Full brokerage cashback for a month for trade using SAMCO Stocknote platform (mobile app).
  • Free trading and analytical tools like Brokerage Calculator, SPAN Calculator, Risk Monitor, Samco Stock Ratings, SAMCO Pledge Monitor, SAMCO Caution Stock Watchlist, SAMCO Option Value Calculator.
  • Trading and Demat Account opening charges are Zero.
  • Margin Funding is available on 18% PA interest.
  • Margin against shares and margin funding for equity delivery trades available.
  • High leverage up to 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 ranking platform called RankMF by SAMCO Securities.

Considerations

  • No monthly plans.
  • Samco is an online discount broker, so no branches and offline support.
  • eSAMCO account holders are required to maintain a minimum balance of Rs 1000 and are not allowed to upgrade to CashPlus, StockPlus, and IntraPlus.

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 Plan, Fees and Charges

Brokerage and Commission Rated 4/5

SAMCO Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA

SAMCO Brokerage

SAMCO charges Max Rs 20 per executed order for all segments. If your trading volume is low, you will get the benefit of lower of Rs 20 or 0.2% for delivery and 0.02% for derivatives segment. 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 0.2% for Delivery trading.SAMCO clears with the exchanges on T day so overnight exchange margins are the lowest in the Industry

Benefits

  • Max Rs 20 per executed order.
  • No limitation of order size and no hidden charges.

Considerations

  • Delivery trade is charged at Rs 20, where Zerodha and Upstox are offering free delivery trade.
  • 02% and 0.2% charges are a bit higher for low volume traders compared to competitor brokers.

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 off charges – Rs 20 per executed order.
  • 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.
  • Payment gateway with 21+ Bank @ 6 Rs + GST.
  • DP charges for delivery based equity selling at Rs 10 + 5.5 CDSL charges.
  • Standard NSE charges, transaction charges, and statutory levies are charged.

Account Type

SAMCO offers 2-in-1 account and commodity trading account.

  • SAMCO Trading and Demat Account

    SAMCO offers Trading account to trade in equity cash, intraday, derivatives, and currency. SAMCO also offer Demat service with CDSL. You can open Demat account with SAMCO or use any other DP account link with SAMCO trading account.

  • Commodity Only Account

    You can open only commodity trading account with SAMCO.

  • Mutual Fund Account

    At current SAMCO does not offer Mutual Fund Account.

  • SAMCO NRI Trading Account

    SAMCO offers NRI Trading Account.

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 Rs 20 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

An investor can use up to 33x equity Intraday leverage (MIS) depending 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).


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

Contact SAMCO

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SAMCO Trading Platform and Tools

Trading Platforms Rated 4/5

    The company provides the latest trading tools and platform for online trading at no additional cost. Brokerage Calculator, SPAN Calculator, Margin Calculator, SAMCO Stock Ratings are some of the innovative tools offered by SAMCO to its clients.

    • SAMCO Ratings Monitor

      Depend on the company's fundamentals, SAMCO is providing AAA rating to stocks for better decision making.

    • Algorithmic Trading

      SAMCO introduced an Amibroker-SAMCO Trader plugin in association with Global Data Feeds LLP (GDFL) to automate the trading using Algo trading.

    • SAMCO Trader (Omnesys NEST Trader)

      It is an EXE version for windows. SAMCO uses Omnesys NEST Trader as its trading platform for desktop trading. Omnesys Nest is the most popular third party trading software used by many brokers in India. The platform has super-fast execution, advance charts, CO and BO (order types), multiple assets class and exchange trading under one roof.

    • SAMCO Web Xpress

      HTML 5 platform allows users to place orders on the move which functions on all web browsers, tablets, and mobile phones. The web address is trade.samco.in

    • SAMCO StockNote (mobile app)

      StockNote is an advanced mobile app from SAMCO. This mobile app provides users all the trading features with advanced AI (artificial intelligence) and analytical techniques to provide runtime opportunities, trends, and patterns to get more insight update of market movement.

    • 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.

    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

Rated 4/5 by 30 users

SAMCO started its journey with big advertising strategy of initiating an investment league and promoting it with the big celebrity of India Kapil Dev. The Company’s policy towards transparency, good track record, customer support, trading tools, a decent margin strategy made SAMCO a brand name in the discount broking industry. SAMCO is a reliable discount broker with great offerings and balanced plan can be a good option for online investors. SAMCO is the first discount broker to offer 100% online brokerage services.

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.

Last updated on 2019-08-20


FAQs

  1. How much minimum fund do I need to keep with SAMCO?

    There are no minimum balance requirements from SAMCO. You can fund your account as and when you wish to buy shares. Depend on your margin money, you can buy scripts. You can keep your trading account balance zero.

    Discuss this question

  2. Is SAMCO a SEBI and Exchange Registered Broker?

    Yes. SAMCO is a SEBI and Exchange Registered Broker. The Registration Numbers are as follows :

    • SAMCO Securities Limited - SEBI Reg. No. INZ000002535
    • SAMCO Commodities Limited - SEBI Reg. No. INZ0000013932
    • SAMCO Securities Limited - CDSL: IN-DP-CDSL-443-2008

    Discuss this question

  3. What is the Call and Trade number for SAMCO?

    Call & Trade can be done at +91 – 22 – 2222 7777 | +91 22 - 6169 9000.

    Discuss this question

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Compare SAMCO

Find out how SAMCO stacks up against other brokers

SAMCO User Reviews

avatar
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
avatar
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
avatar
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
avatar
58.1. natcheappan Jul 18, 2018 10:28:52 PM IST
Really Worth, Best app for trade....Love it.
avatar
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
avatar
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
avatar
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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