SAMCO Stock Trading, Demat, Brokerage and REVIEW

How to Open Demat Account in SAMCO

SAMCO Stock Trading, Demat, Brokerage and Reviews

SAMCO is India based online discount broker. It offers stock and commodity trading at NSE, BSE, and MCX. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products. It also offers depository services (demat account) through CDSL.

Incorporated in 2015, SAMCO is among the lowest-cost broker in India. SAMCO is popular for its ultra-low brokerage, margin products, higher exposure and free trading software. Customer who moves from traditional brokers like ICICI Direct or Sharekhan saves over 60% in commission and taxes.

SAMCO is a Pay Per Order Brokerage offering simple flat rate trading at ₹20 per executed order. The brokerage charged is irrespective of the size of the trade, exchange or segment. SAMCO doesn't charge any Minimum Brokerage.

SAMCO gives higher leverage for trading in comparison to other discount brokers. Over 500 stocks are available for Equity Intraday trading with up to 15x leverage. Cover Order (CO) and Bracket Order's (BO) are available with up to 33x exposure.

SAMCO broker's key offering is the Margin Products including CashPlus, StockPlus, and InstaPlus.

1. CashPlus gives customers up to 4X equity delivery leverage on 300+ stocks at an interest cost of 0.05% per day. In other words, with ₹1 lakh in your trading account, you could buy shares worth of ₹4 lakhs. You could also avoid square-off of your position because you go short on margin.
2. StockPlus gives customers margin against shares for intra-day or delivery trades. You could truly utilize the holdings in your demat account to get the margin. Unlike other brokers, customers do not have to maintain 50-50 cash collateral ratio. A trader can trade with ₹0 balance in his trading account by pledging shares.
3. InstaPlus gives customer margin against shares you own to trade intraday.

Read SAMCO Margin Funding - CashPlus, StockPlus & IntraPlus Explained in Detail

All trading platforms include an install-able trading terminal (SMACO Trader), trading website (SAMCO Xpress Web) and mobile trading app (StockNote) are available for free of cost to all its customers.

SAMCO USP (Unique Sales Proposition)

Following are unique selling points of SAMCO Brokerage Services:

• Delivery Funding: Get up to 4x Delivery Leverage in the Cash Markets
• Margin Against Shares: Trade with ZERO Cash Balance
• Lowest Margin Requirement: Get Upto 80x Leverage for Nifty, 33x leverage for stocks 60x for commodity

Samco Overview

SAMCO Securities Ltd is one of the leading discount brokerage firms that allows trading across all leading stock and commodity exchanges in India including BSE, NSE, MCX-SX, MCX, and NCDEX. The company has a stronghold in the capital market as a full-service broker from the last 20 years by a formal brand name Samruddhi Stock Brokers Limited.

SAMCO offers Demat services through its membership as a Depository Participant with CDSL. The company facilitates commodity trading through its associated entity, SAMCO Commodities Ltd. The company primarily caters to the retail and corporate clients. It offers margin funding, loan against shares, and other financial products to its customers.

Samco Brokerage Charges

SAMCO is known for its ultra-low brokerage; hence people who shift from full-service brokers like ICICI Direct, or Sharekhan save a bulk-load of commission cost and taxes. SAMCO offers flat rate trading at Rs 20 per executed order. The brokerage is fixed irrespective of the size of the trade, exchange or even segment of trade. Apart from this, SAMCO does not charge any additional brokerage.

SAMCO charges a flat Rs 20/ executed order for all segments, which is equal to Zerodha (Rs 20), RKSV (Rs 20), Tradejini (Rs 20)

Trading Segment	Brokerage Charges
Equity Delivery	Rs 20 per executed order
Equity Intraday	Rs 20 per executed order
Equity Future	Rs 20 per executed order
Equity Options	Rs 20 per executed order
Currency Futures	Rs 20 per executed order
Currency Options	Rs 20 per executed order
Commodity	Rs 20 per executed order

SAMCO Margins

As compared to other discount brokers in town, SAMCO offers higher leverage for trading. This means, there are more than 500 stocks available for equity intraday trading with up to 15X leverage. Cover Order (CO), and Bracket Order (BO) are available with up to 33X exposure. Here are SAMCO’s margin products:

1. CashPlus – Gives 4X equity delivery leverage on more than 300 stocks at an interest rate of 0.05% per day. This means if you have Rs 1Lac in your trading account, you can buy shares worth Rs. 4lacs.
2. StockPlus – Gives margin against shares for intraday or delivery trades. This allows traders to trade even at Rs. 0 balance.
3. InstaPlus – Gives margin against shares customer owns to trade intraday.

Here are some unique selling points (USP) of SAMCO.

• Delivery Funding: Get up to 4x Delivery Leverage in the Cash Markets
• Margin Against Shares: Trade with ZERO Cash Balance
• Lowest Margin Requirement: Get Upto 80x Leverage for Nifty, 33x leverage for stocks 60x for commodity

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SAMCO Account Opening Charges

Account opening is completely FREE and no account opening charges are applicable.There are no Annual Charges you need to pay for maintaining your Broking Account. However, you will need to pay an AMC of Rs. 400 per annum for your Demat Account. 

Trading Account Opening Charges	Nil
Demat Account Opening Charges	Nil
Commodity Account Opening Charges	Nil
Trading & Commodity Account AMC Charges	Nil
Demat Account AMC Charges	Rs 400

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Samco Other Charges

• Call and Trade feature is available at an extra cost of Rs. 20 per call + Service Tax. The first 20 calls n trade are free.
• Digital Contract notes are sent via Email. Requests for physical contract notes would be charged at Rs 20 per contract note plus applicable courier charges
• DP charges for delivery based equity selling charged only on sell-side -Rs.10 per transaction in same DP & Rs 25 or 0.02% of transaction value, whichever is higher - for other DP
• Instant payment gateway charges for over 26 banks - Rs 10 per fund transfer
• Money withdrawal charges apply as per RBI guidelines

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Samco Platforms & Tools

SAMCO provides terminal based, web-based and mobile app based trading platforms to its users.  All of these platforms have their own unique features.

SAMCO Trader

SAMCO trader is a terminal-based windows trading platform suitable for the heavy traders. SAMCO trade is re-branded as NEST trader. It is a stable and user-friendly trading platform. SAMCO trader offers the following features:

• Market watch
• Snap Quota trading feature
• Funds transfer
• Cover orders, View RMS margin, capital of limit

SAMCO Web Xpress

SAMCO Web Xpress is an HTML trading platform that can be accessed directly through a browser and does not need any installs or downloads. Clients can just enter a valid username and password and start trading from anywhere. This free of cost trading platform has all the features that a user may look for like

• Full market watch charting
• Bracket and cover orders
• Super fast order placements

StockNote

StockNote is a free SAMCO mobile trading app available in Android and IOS. It is known to be highly secure and authenticates the logged in user with numerous algorithms. Some of the features of the application include:

• Real-time market information
• Provision to add market watch lists
• Multiple data points for stock analysis
• Offers live news, alerts, streaming quotes, etc.

SAMCO Star

It is a back-office website. User can check account statements, analyze the trades, manage the funds, check demat account, and take care of the share holdings.

• imes ( Intraday ) with BO/CO

Samco Presence:

1. Maharashtra – Mumbai

SamcoPricing:

Account Opening

• Trading Account Opening Fee – Rs 0
• Brokerage Account AMC – RS 0
• Demat Account Opening Fee – Rs 0
• Demat Account AMC – Rs 400

Brokerage:

• Monthly Fee – Nil
• Equity Delivery – 0.20% or Rs 20 Per Order whichever is lower
• Equity Intraday – 0.02 % or Rs 20 Flat Per Order whichever is lower
• Future & Option – Rs 20 Flat Per Order
• Commodity – Rs 20 Flat Per Order

 Turnover Charges:

• Equity Delivery – Rs 325 Per Cr.
• Equity Intraday – Rs 325 Per Cr.
• Future – Rs 210 Per Cr.
• Option – Rs 5500 Per Cr.
• Currency Future – Rs 150 Per Cr
• Currency Options – Rs 4000 Per Cr.
• Commodity – Rs 260 Per Cr.

Other Charges

• Minimum Brokerage – Rs 20
• Call N Trade Charges – Rs 20 Per Order + GST
• Dp Slip Charges – Rs 25 Per Scrip
• Stamp Duty – Charges as per State Resident

Samco Margin / Exposures / Intraday Leverage

 

• Equity Intraday – Upto 20 Times
• Equity Delivery – 4X Delivery Leverage – Cash Plus
• Future – Upto 4 times with BO/CO Product ( Intraday ) and Margin Against Stock
• Option – Upto 4 times on Only Short Position with BO/CO Product ( Intraday )
• Currency Future – Upto2 times ( Intraday )
• Currency Option – Upto2 Times on Short Position with BO/CO ( Intraday )
• Commodity – Upto 3 Times ( Intraday ) with BO/CO

Samco Trading Platform

• SamcoTrader

Its EXE Version of Windows. Samco used NSET Trading Platform

• Samco Web

Its HTML 5 platform. It will help you to provide facility to trade from web , mobile , table browser

• Samco Stocknote

SAMCO’s Mobile Application for iOS and Android. Full customized stock market experience. Its very easy tool for beginners.

• Samco Star

Samco back office tool to analyse trades, check account statements, withdraw funds, check holdings, pledge / unpledge holdings etc.

Customer Service & Support

• Online Customer Care support
• Email Support
• Branch Support – In Mumbai

Other Product and Services

• Delivery leverage – Cash Plus
• Knowledge base Video Tutorial

Pros

• Lowe Brokerage Rs 20 per Order or 0.02% whichever is lower
• 4 x Delivery Leverage Product – Cash Plus
• Stock Plus – Margin Against Stocks in Future Trading
• Provide Own Demat Account
• EASY to use Samco Stocknote

Cons

• No Branch Support
• Call n Trade Charges
• Average Customer Service
• GTC not available