Incorporated in 1995, South Asian Stocks Ltd (SAS Online or SASO) is an online discount brokerage house and a registered trading member of NSE and BSE. In 2013, the company commenced its operations as a discount broker with just 3 people on board - Shrey Jain, Anubha and Siddhant Jain. The progress of the discount brokerage firm is so commendable and speedy, evidencing it, within a short span of just 6 months, the company has reached 1000 clients with a strong flow of referral accounts. Later, in October 2014, the broker got the trading membership of MCX and facilitates trading & investment in equity intraday, equity delivery, futures & options, commodities, and currencies. In June 2015, the broker started providing demat account opening services through becoming a registered depository participant with NSDL. One can open a 2-in-1 account including SAS Online Demat Account and SAS Online Trading Account. The discount broker further provides the facility to customers to invest in mutual funds.
SAS Online has built a low-cost brokerage model to facilitate people to trade at just Rs 9/per executed trade. It also has a fixed monthly brokerage plan that allows people to trade unlimited in equity, F&O, commodity, and currency and runs on a zero % brokerage model. People can choose any of the brokerage plans as per their convenience and flexibility.
In addition, customers can also avail various value-added services such as call & trade, referral, etc. The brokerage firm has a centralized office in Delhi but doesn’t have branches anywhere. It is one of the most trusted discount brokers and therefore got NSDL Best Performer Award in 2015. To assist clients at every point of time, the broker offers voice/email/chat services where a team of customer service agents work to help clients to open an account with SAS Online, trading services, and also render professional guidance.
SAS Online is one of the cheapest stock brokers offering trading across equity, F&O, commodity, and currency at ultra-competitive brokerage charges to Indian Traders and an easy-to-use platform.
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Here we are comparing SAS Online with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Rs 200 and Commodity: Rs 200
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Rs 200
»» Demat Account AMC: Rs 200
SAS Online is the first discount brokerage house in the country who took the initiative to come up with two different competitive brokerage model, as follows;
It is one of the most popular brokerage models that charge a flat fee of Rs 9 per executed trade regardless of the trade size. Get the details of the brokerage charges across each segment hereunder;
The monthly plan allows traders to place unlimited numbers of trade of any size by paying a fixed monthly brokerage.
For complete brokerage charges and trading plans detail please visit SAS Online Brokerage Charges.
Here we are comparing SAS Online 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 9 or 999 PM||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||2 in 1|
|Equity Delivery||0.1% or Rs 9 whichever is lower||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.01% or Rs 9 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.01% or Rs 9 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 9||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 9||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.01% or Rs 9 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 9||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 SAS Online Brokerage Calculator
The discount brokerage house provides the following different types of account opening services to its clients to trade in various products. It is noteworthy that only a resident in India can enjoy trading at SAS Online through opening following accounts;
A trading account is an account to place orders online in the stock market. By having a Trading account with SAS Online, clients can buy or sell various financial instruments as frequently even within the same trading session. Indian citizens can open a SAS Online Trading Account to trade in equity intraday, equity delivery, futures & options, and currency.
The demat account is an account to deposit securities, cash and other holdings in dematerialized form. SAS Online with a DP with NSDL provides depository services wherein residents can open a demat account with the broker. Both the demat and trading accounts are linked to each other so that purchased and sold securities through the trading account will be credited or debited to the SAS Online Demat Account.
The discount broker is a registered member of MCX and therefore, allows customers to trade in commodities. By having a SAS Online Commodity Trading Account, you can place buy and sell orders in commodities i.e. gold. silver, agri, precious metals, and others.
Looking at the rapidly growing investment in mutual funds, the broker facilitates its clients to undertake investment in mutual funds. One can open a free mutual fund account with SAS Online that allows people to invest in regular plans via either SIP or lumpsum mode. SAS MF is the mobile app for mutual funds investment that enables people to undertake mutual funds investment anytime anywhere by accessing mobile phones.
There are various ways to open a demat and trading account with SAS Online, that are provided below;
Likewise other discount brokers, SAS Online offers a number of trading platforms such as a trading terminal, mobile trading application, and web trading platform. Clients can use any of this platform to trade in various segments, discussed in detail hereunder:
ALPHA Mobile, as the name itself, is the mobile app by SAS Online. Android, iOS, and Windows users can log in to the mobile app and trade-in equity, derivatives, commodities, and currencies anytime, anywhere. SAS Online mobile app comes with a number of unique features such as live market data, technical charts, market watchlists, advanced screeners, and many others.
ALPHA Trader is a SAS Online trading terminal that can be downloaded on desktop. The particular trading platform is extremely useful for active traders that provides enrich features including trading across BSE, NSE, and MCX, advanced charting, trade from the charts, price alerts, scanners, hassle-free fund transfer, and others.
ALPHA Web is the web trading platform by SAS Online. Clients can browse the online trading platform on laptop or desktop to trade-in various financial offerings. ALPHA Web offers many features such as real-time market data, 100+ technical indicators, 10+ technical charts, market screeners, price alerts, etc.
SAS MF is the mutual funds' investment app that allows people to invest in regular mutual fund schemes through SIP or lumpsum route. Mobile app users can log in to the app and access many features such as use SIP or lumpsum calculators, check MF portfolio, get alerts, E-lockers, access Equity, and debt market outlook reports, and many others.
For detail review of mobile app and download please visit SAS Online Trading Platform Review.
Here we are comparing SAS Online 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)||Yes||Yes||Yes||Yes||No|
From the detailed review, it is found that SAS Online is one of the most competitive and cheapest discount brokers in India that provides both the brokerage flat fee and the monthly brokerage model. Further, the brokerage house provides all kinds of trading platforms to customers to trade-in equity, derivatives, commodities, and currencies but it only serves Indian resident customers and doesn't serve NRI clients. People can open a 2-in-1 account, including a demat and trading account with the broker to enjoy low-cost trading experience.
If you like what you have read and want to open an trading and demat account with SAS Online, leave your contact information with us and we will guide you.
Last updated on 2020-08-25