SAMCO Securities entered the discount broking market in 2015, much later than most of its competitors. But even in a short span of time, it has become one of the top discount brokers of India. The reason behind it is the unique and innovative products and services offered by the company to its clients which make its place in the top 10 discount brokers of India. It offers a free mutual fund investment platform, low brokerage demat account, margin funding on all the market segments, and becomes the most popular discount broker of India.
SAMCO broker offers stock and commodity trading on BSE, NSE, and MCX. It also offers a demat account as a depository participant of CDSL. SAMCO Commodities Limited offers discount broking in the commodity segment for MCX trading. The NBFC arm of the group, SAMCO Holdings, and Finance Pvt. Ltd offers loans against shares amongst other financing products.
The main investment segments offered by SAMCO are trading in equity, F&O, commodity and currencies, debentures, bonds, ETFs on NSE, BSE, NCDEX, MCX, and MCX-SX. SAMCO clients can also invest in regular mutual funds through the SAMCO RankMF app and web through SIP and lumpsum mode. SAMCO comes up with a new initiative, SAMCO TradeFlix, which provides the exclusive stock market case studies with trading and investment strategies.
SAMCO offers 100% online trading at the lowest brokerage of Rs 20 or 0.2% per executed order, whichever is lower for trades in all segments including intraday, equity delivery, F&O, currency, and commodity. The lowest brokerage trading account of SAMCO is quite in line with the major discount brokers of India.
SAMCO believes in helping its clients through picking the best stocks, therefore, it has a special tool for rating the stocks. SAMCO Stock Rating tool correctly do a fundamental analysis of stocks to evaluate the companies and businesses that they end up owning. Here it has rated the stocks from "AAA" to "Penny Stock" based on their key business parameters and matrices.
The company displays a true graphical picture to the clients with SAMCO Risk Advisor which scan all the components of clients’ portfolio. Its features include sectoral allocation, diversification, warns against unrated stocks, and single stock exposure. It helps you to find balance in the portfolio.
SAMCO also has a Caution Stock Watchlist which has been created using a strict surveillance mechanism by tracking tips and other marketing communication. This restricts the traders to invest in such stocks which are operation driven and are manipulated by market operators.
SAMCO offers multiple leverage products that ensure that traders maximize the efficiency of their capital and never have to miss a trade for want of it. These products can be subscribed and easily used by all the SAMCO clients for a monthly or yearly basis depending on their subscription plans.
SAMCO allows its clients to invest in regular mutual funds through SIP and lumpsum mode through the SAMCO RankMF app and web page. This app offers multiple benefits to its users such as SIP recommendations, strength analysis of funds, FREE One Click Investment, and much more.
This app is built on the simple principle of investing in great companies at fair prices which can deliver high returns in the long term. This is true for both equity and debt instruments of companies.
SAMCO does not have branch offices and all operations are handled centralized from its registered office in Mumbai, Maharashtra. The address of the same is provided below:
SAMCO Securities Limited,
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra, India
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 the trading of active and casual investors.
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 offers a FREE account opening to all the clients, both trading and demat account. For offline account opening Trading plus Demat, SAMCO charges Rs 200.
Trading Account AMC: Free
Demat Account AMC: Rs 400+GST for individual traders and Rs 800+GST for non-individual traders
SAMCO brokerage charges vary for different segments but do not exceed Rs 20 for each trade. If your trading volume is lower, you will get the benefit of a lower brokerage of Rs 20 or 0.2% of the volume, whichever is lower. The broker does not charge any hidden charges on trading from its clients.
SAMCO’s Rs 20 plan is equal to many other discount brokers such as Zerodha (Rs 20), Upstox (Rs 20), Fyers (?20), 5paisa (?20) while slightly more expensive than TradeSmart (?15) and SASOnline (?9). Find other brokerage charges of SAMCO in other market segments:
SAMCO charges Rs 20 per executed order for the call and trade orders. Call and Trade Charges also include RMS Square off charges.
SAMCO offers a 2-in-1 account with commodity trading and mutual fund investment.
SAMCO offers opening of trading accounts easily at free of cost to trade in equity delivery, intraday, derivatives, and currency on NSE and BSE. SAMCO also offers DP services with CDSL so you can open a demat account with it or use any other DP account link with the SAMCO trading account. Trades can be placed from the StockNote app, web, and call and trade option on SAMCO. The trades get settled in T+2 days on the trading account. There is no Account Maintenance Fee (AMC) for a trading account.
SAMCO clients can open only commodity trading accounts with it. It is a member of MCX where traders can Agricultural Commodities, Metals & Energy products. The brokerage per order is Rs 20 and besides that, the company also offers the lowest margins. SAMCO is India’s only broker to have a bracket order for MCX.
Any client can invest in mutual funds through the SAMCO Rank MF app or a web page in regular mutual funds. You can invest in mutual funds through SIP and lumpsum mode. Here you need to provide specific details such as scheme plan, scheme option (growth, dividend payout, dividend reinvest), frequency of the investing amount (monthly, quarterly, annually), date of SIP, and total SIP period.
SAMCO does not offer NRI Trading account facilities.
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||3 in 1||3 in 1|
|Equity Delivery||0.2% or Rs 20 whichever is lower||0.5% or 50 paisa||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower|
|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
SAMCO offers margin on different products including equity delivery and intraday and options trades.
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 offers high-speed trading platforms and a bunch of analytical tools for all types of customers. They have desktop-based trading software, a web-based trading terminal, and a Mobile app for Android and iOS mobile phones.
SAMCO NEST Trader is a desktop EXE application for Windows. This trading terminal is used by many traders because of its exceptional features and GUI. This high-speed trading terminal software should be used by traders who trade in bulk and want to execute an order on real-time price. The top features of SAMCO Trader are order management, order book, research and report, market data, and much more.
StockNote is the latest app and web service provided by which is available for both Android and iOS mobile versions. These are based on Giga Trading Engine Technology. This provides actionable trading ideas to the traders and investors. It also provides trigger alerts to users and notifies them of potential profit-making opportunities.
StockNote APIs can be used to build customized applications based on your trading requirements. It can be used to log in, search symbols, place and execute orders, view their order status, positions, and holdings, etc. Investors who want to deploy their ideas of trading, execute their very own string of trading strategies, or develop an entirely new trading platform.
StockBasket allows investors to select the basket of stocks curated by considering 25 Intelligent Stock Rating Parameters which are selected by experts. These baskets are made to achieve your financial goals such as a child’s education or early retirement, etc. The platform is created with a principal at heart that wealth creation should be accessible to all either beginner or a seasoned investor.
RankMF App and web both are provided by SAMCO to its investors who want to invest in mutual funds. They need not make a new account for mutual fund investment and login directly from SAMCO Star. Here you can track mutual funds, pause and modify SIPs, make instant payments, and also check the health of your portfolio.
SAMCO allows its investors to place advance orders, calculate margins quickly, keep a check on portfolio risk, rate the stocks, and lot more with its tools.
The calculator lets you calculate your margin requirements for option writing or selling, for multi-leg F&O strategies while trading equity, F&O, commodity, and currency before taking a trade. It calculates margin on the basis of volatility, underlying price movements amongst other factors related to it.
SAMCO lets you calculate the brokerage costs and other transaction costs for both intraday trading and Delivery or Carry Forward Trading. It also lets the clients calculate expenses such as STT, State-wise stamp duty, exchange transaction charges, and break even.
SAMCO allows its investors to place advance orders including bracket orders and cover orders in single order to reduce the margin required for multiple orders. 3-in-1 orders are bracket orders (Target + Initial + Stop Loss orders) or 2-in-1 orders are cover orders (Initial + Stop Loss Orders) and all of them can be placed together via SAMCO.
SAMCO risk monitor scans all the securities of its clients’ account and provides the true graphical picture of asset allocation, sectoral allocation, and % components of each stock in the portfolio. It advises you to increase or decrease the allocation in securities to diversify the risk in sectors and companies, to remove the investments from unrated stocks, and to reduce single stock exposure.
SAMCO pledge monitors and helps you pick the stocks so that traders do not end up invoking the pledged shares in the market. Here you can track the pledge status of the Nifty 50 companies and Top 20 Companies with the highest promoter pledge once you login to SAMCO.
SAMCO Option Fair Value Calculator calculates the fair value of call options and put options which can be used by traders in trading Nifty options or stock options. To calculate fair option value, one can select the underlying, market price and the strike price, transaction and expiry date, rate of interest, implied volatility, and the type of option i.e. call option or put option and accordingly evaluate the output.
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 2020-10-06
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 :
Yes, SAMCO is one of its kinds of discount brokers which is safe for traders as well as investors. It offers multiple leverage products to traders where they can get up to 4X margin on interest. The company is a discount broker that has a fixed brokerage of Rs 20 per trade or 0.5% (whichever is lower). SAMCO is governed by SEBI, NSE, BSE, and MCX, so no need to worry about your money as well as transactions.
Yes. SAMCO offers to invest in regular mutual funds through Rank MF app and web. The investments in mutual funds through Samco can be performed free of cost. One can invest in various schemes offered by different AMCs. It also helps in identifying the best mutual funds to investors to add in their portfolio according to their financial goals.
As the name suggests, stop-loss orders are placed to stop a loss. For example, if you wish to sell a scrip which is currently trading at Rs 110 only if its price goes below 105.
There are two types of stop-loss orders:
In Case 1, if you have a buy position, then you will keep a sell SL
In Case 2, if you have a sell position, then you will keep a buy SL
To continue with the above example, in a stop-loss limit order, if one wishes to sell the security only till 100 after it falls below 105, then along with the trigger price of Rs. 105, the limit trade price of Rs 100 would also have to be entered.
In the Stop Loss-M order, you will place a Buy SL-M order with trigger price = 105. Here, when the price of 105 is triggered, a buy market order will be sent to the exchange and your position will be squared off at market price.
There are multiple ways to transfer funds into the SAMCO account. These are: