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Samco is an award-winning discount broker and is very popular in India. Leading news channel CNBC AWAAZ has awarded it as “Best Equity Broking House in India” for 2019.
The company was started by Mr Jimeet Modi in 2015. He acquired Samrudhi Stock Brokers Limited and rebranded it in Samco Securities.
Samco is a member of NSE, BSE, MCX, MSEI and CDSL and is registered with SEBI. They offer various trading and investment services to their clients such as equity, F&O, currency, commodity, IPO, mutual fund.
Samco offers some of the most unique products such as StockNote, Nest Trader, StockNote TradeAPIs, RankMF, StockBasket, KyaTrade, Samco Star to enable trading and investment. Also provides leverage products like CashPlus, StockPlus and BTPT.
Customers can also take advantage of tools like brokerage calculator, margin calculator, options fair value calculator while trading.
Using the sophisticated financial technology of Samco, retail customers can create wealth at a low cost.
Samco charges flat brokerage of Rs. 20 per order. Also provides a high margin of up to 5x for intraday trading.
Despite being a discount broker, Samco offers superior service to its clients compared to other stock brokers. It ranks among India’s 10 Best Discount Brokers and currently has 77,685 active clients.
Samco offers trading services at very cheap brokerage charges. The brokerage is charged at Rs 20 or 0.50%, whichever is lower for equity delivery. For equity intraday, F&O, currency, and commodity, rs 20 or 0.05%, whichever is lower, is charged.
This means that customers do not have to pay more than Rs 20 in any trade. These charges are irrespective of exchange, segment, trade size, or trade value.
Segment | Samco Brokerage Charges |
Equity Intraday | 0.05% or Rs 20 per executed order whichever is lower |
Equity Delivery | 0.50% or Rs 20 per executed order whichever is lower |
Equity Futures | 0.05% or Rs 20 per executed order whichever is lower |
Equity Options | 0.05% or Rs 20 per executed order whichever is lower |
Currency Futures | 0.05% or Rs 20 per executed order whichever is lower |
Currency Options | 0.05% or Rs 20 per executed order whichever is lower |
Commodity Futures | 0.05% or Rs 20 per executed order whichever is lower |
Commodity Options | 0.05% or Rs 20 per executed order whichever is lower |
Samco Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Option | Currency Futures | Currency Options | MCX Futures | MCX Options |
STT/CTT | 0.025% on the sell side | 0.1% both buy & sell | 0.01% on sell side | 0.05% on sell side (on premium) | No STT | No STT | 0.01% on sell side | 0.05% on the sell side |
Turnover Charges | 0.00345% NSE | 0.00345% NSE | 0.0020% NSE | 0.053% On Premium | 0.0011% | 0.040% On Premium | 0.0026% | |
GST | 18% | 18% | 18% | 18% | 18% | 18% | 18% | 18% |
Stamp Duty | 0.003% | 0.015% | 0.002% | 0.003% | 0.0001% | 0.0001% | 0.002% | 0.003% |
Sebi Fee | ₹0.10 per Lacs | ₹0.10 per Lacs | ₹0.10 per Lacs | ₹0.10 per Lacs | ₹0.15 per Lacs | ₹0.15 per Lacs | ₹0.15 per Lacs | ₹0.15 per Lacs |
Below are Samco other (additional) charges in addition to brokerage.
Samco’s margin is up to 5 times maximum for intraday trading. Samco does not provide any margin or exposure for equity delivery or overnight positions. Also, Samco does not provide margins in the derivatives (FNO) segment of Equity, Currency, and Commodity.
But Samco offers its customers unique and powerful leverage products to maximize profits in trading and investing through its PLUS products. CashPlus, and StockPlus are Samco’s leverage products.
Segment | Intraday | Overnight Positions | ||
MIS | C/O | B/O | ||
NSE Cash | Upto 5x | Upto 5x | Upto 5x | 1x |
BSE Cash | Upto 5x | Upto 5x | Upto 5x | 1x |
Equity/Index Futures | 1x | 1x | 1x | 1x |
Equity/Index Options Buying | 1x | 1x | 1x | 1x |
Equity/Index Options Writing (Selling) | 1x | 1x | 1x | 1x |
Currency Futures | 1x | 1x | 1x | 1x |
Currency Options Buying | 1x | 1x | 1x | 1x |
Currency Options Writing | 1x | 1x | 1x | 1x |
MCX Futures | 1x | 1x | 1x | 1x |
MCX Options | N/A | N/A | N/A | 1x |
Using Cashplus, Samco customers can get up to 4x equity delivery margin against their cash balance. This facility is available for 400+ stocks. There is an annual fee of Rs 1000 for subscribing to Cashplus. In Cashplus, clients also are required to pay a delayed payment charge of 0.05% per day on the outstanding debit balance of your account.
Using StockPlus, clients can pledge their holdings and trade in equity derivatives or currency derivatives intraday or positional. For this, clients do not need to keep a cash balance in their accounts. They get a margin against shares on their holdings. Samco Clients can subscribe to this facility of StockPlus for a lifetime for just Rs 1.
Samco account opening is completely free for trading and demat accounts. Samco AMC charges are also free for the first year. From the second year onwards, it will be applicable rs 400 + gst.
Type of account | Trading And Demat (Without Commodity) | Trading And Demat (With Commodity) |
Online account | Free | Free |
Offline account | Free | Free |
AMC Charges | 1st Year Free | 1st Year Free |
Note: From the 2nd year onwards, AMC charges of Rs 400 + GST per year are applicable at Samco.
Your mobile number has to be linked with Aadhar Card for the online account opening process.
After completing the account opening application in Samco, your account will be open in 24 working hours.
Suppose you are planning to open an account by the offline process. In that case, you can send a physical Samco account opening form to the Samco office address. In this case, your account will be open in 48 working hours after your form reaches the Samco office. Â
Samco offers its customers the most advanced and reliable trading platforms. Using which consumers can trade and invest in stocks, currencies, commodities, derivatives, mutual funds. These trading software are completely free.
StockNote App is a mobile trading app provided by Samco. This app is powered by Samco’s proprietary Giga Trading Engine. By using this app, Samco customers can trade in NSE, BSE, and MCX. This app is available in both Android and iOS versions.
Stocknote web is Samco’s browser-based trading platform. There is no need to download it. It can be used in web browsers like Google Chrome, Mozilla Firefox. You can use it on any desktop computer, mobile, or tablet device.
StockNote Web platform has all the features of the StockNote app.Â
Samco Trader (Nest Trader) is an EXE based trading platform that you can install on any computer running on Windows operating system. This software is high-speed, stable, and user-friendly. It has more than 80 technical indicators. Traders can make a profit by analyzing the market with the help of these indicators.
With the help of Samco’s StockNote Trading APIs, you can develop your own trading platforms or implement your trading strategies. This API is compatible with Java and Python codes.
StockNote trading APIs are absolutely free for Samco customers. You can access these trading APIs free by opening a free account with Samco.
RankMF is the flagship mutual fund investment platform by Samco. Through RankMF, you can invest in top-quality mutual funds of India. This platform gives information about recommendations, ratings, and rankings of India’s more than 3000 mutual funds.
Through Samco Stockbasket, you can invest in expert-selected mini portfolios or baskets of stocks. The StockBasket model diversifies the shares appropriately to reduce the risk of investment.
Stockbasket helps investors create long-term wealth from which investors can achieve their financial goals like education of children, buying a house, and early retirement.
KyaTrade is Samco’s recommendation platform. It provides real-time trading and investment ideas to clients. All trading ideas of KyaTrade come with in-built stop loss and target. It reduces excessive, unnecessary risk in your trades. Every recommendation/idea you get from KyaTrade comes with an Entry price range, target price, and stop-loss price so that you know when to enter and exit an idea.
Samco Star is the back office platform of Samco. In this back office, you can get reports like trade, P&L, and ledger and monitor your holdings and mutual funds. Apart from this, you can manage funds in Samco Star and apply for IPO’s via UPI.
Below are the pros (advantages) and cons (disadvantages) of Samco. You must read it to make the right decision about opening an account in Samco.
In this article, we have given a detailed information about Samco brokerage charges, margin & exposure, account opening process, trading platform, pros and cons. We hope that the information we provide above regarding the Samco review will help you tailor your research to your needs.
However, if you decide to open an account in Samco, please cross-check the details and make sure you are an informed customer.
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