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:
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.
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.
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.
Here we are comparing SAMCO with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 400 PA
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
SAMCO offers 2-in-1 account and commodity trading 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.
You can open only commodity trading account with SAMCO.
At current SAMCO does not offer Mutual Fund Account.
SAMCO offers NRI Trading Account.
For complete brokerage charges and trading plans detail please visit SAMCO Brokerage Charges.
Here we are comparing SAMCO with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 20||0.1 to 0.5%||Rs 20||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 20||Free||Free|
|Equity Intraday||0.02% or Rs 20 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.02% or Rs 20 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||0.03% 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 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 20||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 20||0.03% 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 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate SAMCO Brokerage Calculator
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).
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:
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.
Depend on the company's fundamentals, SAMCO is providing AAA rating to stocks for better decision making.
SAMCO introduced an Amibroker-SAMCO Trader plugin in association with Global Data Feeds LLP (GDFL) to automate the trading using Algo trading.
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.
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
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.
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.
Here we are comparing SAMCO with its 5 close competitors on Trading Platform.
|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|
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 2020-01-06
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.
Yes. SAMCO is a SEBI and Exchange Registered Broker. The Registration Numbers are as follows :