Discount Broker Depository: CDSL
7

SAMCO is a discounted broker offering trading platforms and investment services for different segments. It also provides margin funding and loan against share. It has an active client base of 69,609 till February 2023.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 400

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

0.2%

Equity Intraday Brokerage

0.02%

Equity Futures Brokerage

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

₹ 20

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

₹ 20

Commodity Options Brokerage

₹ 20
Margins

Equity Delivery Margin

4x

Equity Intraday Margin

15x

Equity Futures Margin

0x

Equity Options Margin

20x

Currency Futures Margin

0x

Currency Options Margin

0x

Commodity Futures Margin

0x

Commodity Options Margin

0x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Nest Trader Rank MF KyaTrade
Pros

Advantages and Strengths of this broker.

  1. Customers can pledge shares in their Demat account for extra margin.
  2. Market insights, recommendations and more by an expert equity research team.
  3. Caution Watchlist to ease picking the right stocks.
  4. 100% brokerage cashback on all orders in the first month.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. They provide only Regular plans on Mutual Fund investment.
  2. Charges are high on Pledge/Closure/Invocation Demat.
  3. They charge an extra fee for call & trade.
  4. NRI trading account facility is not available.
  5. Free delivery on brokerage is not available.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Samco

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(2.5)

Usability

(3)

Customer Service

(3)

Charges Review

  • Samco offers flat brokerage charges.
  • Equity delivery is not free.
  • They have different margin plans for which a premium is charged.
  • The call & trade charges are inclusive of RMS Square Off charges.
  • Samco provides various services such as profiling service, monitoring service, rating service etc. for free.

Customer Service Review

  • Samco provides support over call & email, but as per customer reviews, the response is delayed.
  • Chat support is not available.
  • They offer an option to raise a ticket.
  • FAQs are categorically available on the website.

Ease of Use Review

  • The trading platforms are user friendly and allow guest login (if you do not hold an account with Samco, still you can use it).
  • As per customer reviews, the mobile application is a bit slow as compared to the website.
  • Back office is not integrated with the trading platform.

Account Opening Procedure Review

  • The online account opening process is easy for individual accounts.
  • Submitting a physical copy of the POA form is mandatory.
  • The offline process is cumbersome and time consuming.
  • They do not have much physical presence and do not support NRI accounts as well.

Why Choose Samco? Know Everything about Samco here.

Verdict

Samco provides its diverse client base with innovative solutions and products for both trading and investing with a 3-in-1 accounting facility that enables transactions in Demat, Mutual Funds and Trading without the hassle of switching platforms. It also helps to trade and invest with a customisable personal index and multiple extension tools such as KyaTrade, Rank MF, and more.

If you are a Trader, the broker provides you with

  • Easy sharing of trading ideas, real-time market quotes and active trades.
  • Low flat brokerage charges for each order.
  • Nest Trader, StockBasket, etc., for a seamless trading experience.
  • Advantages of trading in high-margin products.
  • The convenience of trading in stocks, IPOs, mutual funds, commodities and currency derivatives.
  • Research and recommendation tips for beginner traders.

If you are an Investor, the broker provides you with

  • ‘Stock Basket’, a pre-created basket of stocks, with research-backed recommendations by experts is exclusively available for Samco’s customers. 
  • Samco Stock Rating platforms to ease stock decisions based on investors’ temperament.
  • Diverse investment solutions like Smart SIP and Smart Switch.
  • Comprehensively put complex market data and company updates.

Trading Tools

Samco offers multiple tools and features to ease the trading experience and aid informed decision-making while investing. 

Nest Trader

Nest Trader provides a reliable trading experience with the ease of streaming market data with low latency as well as 99% up-time. Its key features are as follows: 

  • User-friendly and customisable interface for hassle-free trade,
  • Advanced charting with multiple chart windows,
  • Keyboard shortcuts to enable quick orders,
  • Convenience of adding multiple monitors at once.

Rank MF

RankMF offers traders the ease of building a quality portfolio backed by expert advice. It includes various factors like expense ratios, cash ratios, Beta, standard deviations and market evaluations. Its key features are:

  • Ready-made mutual funds baskets for easy investments,
  • Convenience of investing through SIP and lumpsum mode,
  • SmartSIP for automated investments based on market conditions,
  • Free mutual fund portfolio analysis and switching with SmartSwitch.

KyaTrade

Samco’s KyaTrade offers real-time investing trading ideas and an inbuilt risk management that helps stop loss and targets generated with a favourable risk-reward ratio. Its features include:

  • Real-time investing ideas for quick trading
  • Swipe idea feature to ease selection
  • Well-priced intraday and investment subscription plans

 

Charges Details

For Equity 

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

₹ 3.25 per Lacs - NSE
₹ 1 per Lacs - BSE

₹ 3.25 per Lacs - NSE
₹ 1 per Lacs - BSE

₹ 1.90 per Lacs - NSE
₹ 1 per Lacs - BSE

₹ 50 per Lacs - NSE
₹ 1 per Lacs - BSE

CM Charges

-

-

₹ 0.25 per Lacs - NSE
₹ 0.25 per Lacs - BSE
₹ 100 per Lacs on Physical Delivery

₹ 0.75 per Lacs - NSE
₹ 0.75 per Lacs - BSE
₹ 100 per Lacs on Physical Delivery

GST

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

STT

₹ 100 per Lacs

Sell-side, ₹ 25 per Lacs

Sell-side, ₹ 10 per Lacs

Sell-side, ₹ 50 per Lacs

SEBI Charges

₹ 0.15 per Lacs

₹ 0.15 per Lacs

₹ 0.15 per Lacs

₹ 0.15 per Lacs

For Commodity 

CHARGES

FUTURES

Transaction Charges

MCX - Non Agri - â‚¹ 2.6 per Lacs ; Agri - â‚¹ 1.75 per Lacs
NCDEX - A - â‚¹ 3.5 per Lacs ; B - â‚¹ 1.25 per Lacs

CM Charges

Self-clearing Member in the MCX.

GST

18% on Brokerage + Transaction + CM Charges

CTT

Sell-side, ₹ 10 per Lacs on Non-Agri

SEBI Charges

₹ 0.15 per Lacs

For Currency 

CHARGES

FUTURES

OPTIONS

Transaction Charges

₹ 1.10 per Lacs - NSE

₹ 40 per Lacs - NSE

CM Charges

₹ 0.25 per Lacs - NSE

₹ 7.5 per Lacs - NSE

GST

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

STT

Nil

Nil

IPF

0.000050%

0.002000%

SEBI Charges

₹ 0.15 per Lacs

₹ 0.15 per Lacs

Samco Complaints & Stats

Company name:

Samco Securities Ltd

Contact:

022-2222 7777, 022-4503-0450

Email:

support@samco.in
Samco Customer Reviews

Overall Rating

3.7

Based on 3 reviews

Rating Summary

5
66%
4
0%
3
0%
2
0%
1
33%

Review Analytics

Platform 1 votes

Charges 0 votes

Transparency 0 votes

Features 0 votes

Customer Support 1 votes

alok kumar

(5)

Posted on 23 Jan 2021

My experience is best ,no problem face with samco. Ipo apply with samco is more easy.

mudit jain

(1)

Posted on 25 Dec 2020

Customer support is worst.

ashok kumar

(5)

Posted on 19 Dec 2020

Good