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 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.
100% Brokerage Cash Back for 1st Month for trades using Stocknote Mobile App + Free Trading and Demat Account Opening.
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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||Full Service Broker||Discount Broker||Discount Broker|
|Brokerage||20 Rs||0.05 to .55%||0.1 to 0.5%||Rs 20||Rs 15|
|Account Type||2 in 1||3 in 1||2 in 1||2 in 1||2 in 1|
Please refer unique and accurate SAMCO Brokerage Calculator
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
|Brokerage Plan||Max Rs 20 Per Order Plan|
|Equity Delivery||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 20|
|Currency Futures||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20|
For complete brokerage charges and trading plans detail please visit SAMCO Brokerage Charges.
Other than this basic margin policy SAMOC also have 3 different margin products - CashPlus, IntraPlus, StockPlus - For additional margin requirements.
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:
SAMCO as Stock Broker is not offring NRI service at this point.
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.
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 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.