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SATCO Capital Markets Limited which is popularly known as SATCO is a SEBI registered and authorized intermediary providing products, services and consultancies related to stock trading across the Indian sub-continent region.

Today’s article is all about the brokerage house’s list of financial products, services, brokerage charges, levies taxes, leverage trading exposure, research and advisory based provisions and of course their respective remote based trading platforms that they distribute to their respective customers so as to cater to their trading needs and requirements.

In other words, we will describe a detailed review of the concerned company, thus helping you to decide whether to choose them as your brokerage services provider or not.

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SATCO Capital Ratings & Review by Top10StockBroker

Products & Services3.1/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory3.0/5
Trading Platforms3.2/5
Overall Ratings3.2/5
Star Ratings★★★☆☆


About SATCO Capital

Company TypePublic
Broker TypeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderMeghraj Sohanlal Jain
Established Year1994

SATCO Capital

SATCO Capital came to be known as a fully integrated non-banking financial services provider and brokerage firm after their incorporation within the city of Mumbai in Maharashtra by their founder Meghraj Sohanlal Jain in the year 1994.

The company typically functions on their mission that reads “Providing the best wealth creation services for our client”.

As of today, the company provides exclusive products, services and consultancy with regards to equity, derivative and other asset class trading with the help of their membership with the National Stock Exchange, the Bombay Stock Exchange, and a handful of insurance companies.

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    SATCO Capital Brokerage Charges

    Equity Delivery Trading0.35%
    Equity Intraday Trading0.04%
    Commodity Options TradingNA
    Equity Futures Trading0.04%
    Equity Options TradingRs.35 per Lot
    Currency Futures Trading0.04%
    Currency Options TradingRs.20 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesFree
    Trading AMC ChargesRs.100 per Annum
    Margin MoneyMinimum Rs.7,000
    Brokerage CalculatorSatco Capital Brokerage Calculator

    If you take a proper look at the table of contents that has been positioned deliberately above this segment, you will get to notice that the company has discretely customized their respective brokerage charges in accordance to different asset classes.

    They typically charge Rs. 20 per lot brokerage on Currency Options Trading, Rs. 35 per lot brokerage on Equity Options Trading, 0.04 % brokerage value on Equity Futures Trading, Currency Futures Trading & Equity Intraday Trading.

    Apart from this, they charge 0.35 % brokerage value on Equity Intraday Delivery and Rs. 100 per annum with respect to the annual maintenance charge for having a Trading Account with the company.

    They also instruct their customers to have a Margin Money balance of Rs. 7,000 at all times.

    Find Brokerage Charges of other Brokers

    SATCO Capital Other Charges

    Transaction Charges0.00319%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    As per the table of contents that has been drafted just above this segment, it can be well established that SATCO Capital levies a tax of 18 % in terms of GST over the sum of Brokerage and Transaction Charges form their clients.

    A sum of 0,0002 % as SEBI Turnover Taxes from the overall turnover, 0.0126 % as STT over the total turnover and 0.00319 % as Transaction charges for their respective clients.

    They also charge a certain amount from their respective traders as well as investors in accordance to the concerning state norms with respect to Stamp Duty.


    SATCO Capital Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesRs.500
    Demat AMC ChargesFree
    Trading AMC ChargesRs.100 per Annum
    Margin MoneyMinimum Rs.7,000
    Offline to OnlineYes

    SATCO Capital as a fully integrated non banking and brokerage intermediary, has always been welcoming to all the people who are interested in joining the company as traders, investors or retail clients.

    In fact, they only have to pay a sum of Rs. 500 in accordance to the account opening fee for registering themselves with the company for a Trading or a Demat Account.

    However, once the person registers for a Trading Account, they have to pay an additional Rs 100 every year as annual maintenance charge and maintain a minimum value of Rs. 7,000 as Margin Money.

    SATCO Capital Offers

    Free Demat AccountYes
    Free Trading AccountNo
    Discount on BrokerageNo
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeYes
    Holiday OffersYes
    Referral OffersYes
    Zero Brokerage for Loss Making TradesNo

    As a matter of fact, SATCO Capital does have a lot of offers to extend to their respective clients including offers related to Referral Offers, Holiday Offers, Flexible Brokerage Plans, One Month of Brokerage Free Trading and Free Demat Account.

    Nevertheless, the company does not have any offers related to Free Trading Account, Trading Happy Hours, Discount on Brokerage or provision to charge zero brokerage on loss making trades.

    To know about offers of other stock brokers check below

    How to Open a Demat Account with SATCO Capital?

    If you happen to have been impressed by the description of the concerned brokerage house and would like to become a part of them as a trader, investor or a retail customer, then you have ended up at the right place.

    Just follow in the instructions as given below and you will have a new Demat or Trading Account with the company in no time at all:-

    1. Identify a green colored button that reads “Open Demat Account’ underneath this specific segment and click on it.
    2. As soon as you click on the button a new from will pop up on your computer screen requiring you to fill in relevant information in order to commence the entire procedure.
    3. Read the entire form properly going through all the requirements including the words, sentences and even paragraphs.
    4. Once you end up filling up the form you will be required to upload the form on to the website and proceed to the next step.
    5. The next step is to get your KYC verification done. For this, you will have to upload a copy of your Adhar Card, PAN Card as well as an image in order for the company to verify your age, address and identity.
    6. After you have finished concluding all the steps as mentioned before, you will be called up on by one of the company’s representatives, who will help you complete the last and final set of formalities.
    7. As soon as you get through all the aforementioned steps, you may expect to receive the access to your new account in a couple of hours.

    Why Open SATCO Capital Trading Account?

    If you have been influenced by the description of the concerned brokerage house and are willing to give them a try for catering to your trading and brokerage needs and requirements, then you must definitely read the following reasons which will help you to decide even faster:-

    • They provide every service thinkable around nonbanking financial and brokerage activities with regards to a plethora of Research and Advisory based support.
    • They seek absolutely no charges at all in terms of annual maintenance charges having a Demat Account with the company.

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      SATCO Capital Products & Services

      Here are the list of Products & Services provided by SATCO Capital –

      Products Offered by SATCO Capital

      Equity TradingYes
      Commodity TradingNo
      Currency TradingYes
      Mutual FundsNo

      Being a full service non banking financial services provider and stock trading intermediary, SATCO Capitals deal in multiple financial products including Insurance, Futures Trading, Options Trading, Currency Trading and Equity Trading.

      However, there still are a few products they do not deal in like Systematic Investment Plans, Banking, Forex Trading, Mutual Funds or Commodity Trading.

      SATCO Capital Service Offerings

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AccountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      Trading InstitutionNo
      Trading ExposureUpto 5X

      If you consider looking into the aforementioned table of contents, you will get to notice that SATCO Capital, being a fully integrated brokerage house has to offer its support with regards to Trading Services, Demat Services, Initial Public Offerings Services, Intraday Services, Stock Recommendations and Portfolio Management Services.

      Furthermore, they provide all of these services with up to five times the trading exposure.


      SATCO Capital Research, Advisory and Stock Tips

      Fundamental ReportsYes
      Research ReportsYes
      Company ReportsYes
      Annual ReportsYes
      Company Stock ReviewYes
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksYes
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      You must definitely be impressed after looking at the chart of content that has been positioned right above this specific segment.

      As a matter of fact, even SATCO Capitals takes pride in providing exquisite research and advisory based support with regards to Offline Advisory, Relationship Manager, Fundamental Reports, Research Reports.

      Other than these, they also provide Monthly Reports, Daily Market View, Weekly Reports, Company Stock Review, Company Reports, Annual Reports, Top Picks, Free Stock Tips and Initial Public Offering Reports.

      SATCO Capital Exposure or Leverage

      Equity DeliveryUpto 1X
      Equity IntradayUpto 5X
      Equity FuturesUpto 2X
      Equity OptionsUpto 4X
      Currency FuturesUpto 2X
      Currency OptionsUpto 3X
      CommoditiesUpto 3X
      Margin CalculatorSatco Capital Margin Calculator

      If you look into the above mentioned table of content, you will get to understand in depth all about SATCO Capital’s provision for trading exposure.

      As you can see, they provide an additional leverage on trading exposure of up to 3X on Commodities Trading, Currency Options Trading.

      Apart from this, the broking house provides limit of upto 2X on Currency Futures Trading & Equity Futures Trading, upto 4X on Equity Options Trading.

      Other than this they provide leverage of upto 5X on Equity Intraday Trading and upto 1X on Equity Delivery Trading.

      Find Exposure or Margin of other Stock Brokers

      SATCO Capital Trading Platforms

      The various trading platforms provided by the stock broker are –

      Desktop Platform – WindowsYes
      Desktop Platform – MacYes
      Desktop Browser PlatformYes
      Mobile Site PlatformNo
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformNo
      Other Mobile OS PlatformNo
      Real time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyNo
      News FlashYes
      Research ReportsYes
      Easy InstallationYes
      Global IndicesYes
      Stock TipsNo
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi Account ManagementYes

      SATCO Capital has distinct trading platforms to grant access to their respective customers and traders which primarily consists of:-

      SATCO Capital Trading Terminal

      The platform brings into use the web browser and has these features to list a few:-

      • The ability to showcase real time updates and market fluctuations across several exchanges and indices.
      • User friendly and simplistic interface to help the respective users navigate easily through the web based platform.

      SATCO Capital Mobile Trading App

      The mobile based remote trading platform of SATCO Capitals can be found across Google’s Play Store.

      The concerned app has a total downloads of over one thousand and total reviews of about twenty five people. It has been rated a four star on an average.

      The app primarily helps the respective users to trade and keep a track of their respective stocks across asset classes like F&O, Commodity, Equity and Currency.

      Moreover, the app has been developed in a way that it can display the live market fluctuations and give out reasonable tips accordingly.

      SATCO Capital Web Trading Platform

      The stock broker currently don’t have a web trading platform for their clients.

      SATCO Capital Customer Care

      The broking company offers the following networks of communications to its users as given below:

      Dedicated DealerYes
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo

      SATCO Capitals has been able to well establish themselves and distribute a network of around 14 branches across different locations of the nation.

      They typically bring in this network of branches to give out services with regards to Dedicated Dealers, Offline Trading and Online Trading.

      SATCO Capital Complaints and Feedback

      Find the list of complaint against SATCO Capital

      Lodged in BSE1
      Resolved in BSE1
      Lodged in NSE6
      Resolved in NSE6
      Percentage of No. of Complaints Received Against Number of Active Clients0.08

      You can clearly observe and conclude with the help of the aforementioned list of contents that SATCO Capitals received only one complaints against them in the Bombay Stock Exchange and six complaints against them in the National Stock Exchange.

      It is also a noticeable fact that they have been able to resolve all these complaints.

      SATCO Capital Disadvantages

      The various cons of this broking house are –

      • Their mobile based trading platform requires a proper awareness campaign to catch the focus of the concerned clients and thus pass the real test of usability.
      • They seek relatively high account opening charges as compared to their respective competitors.

      SATCO Capital Conclusion

      SATCO Capital is definitely a worthy choice for a brokerage house, especially considering their services and support related to Research and Advisory.

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