Home  »  Samco Review

SAMCO securities is a very new company that entered the market in 1993. However, its innovative services and product range have got a good hold on the market.

The article below is a complete SAMCO review that will give you insights into the company, its working culture, operations, and its products and services.

The article has a detailed analysis of the trading platforms of the firm and all other relevant details that you would like to know about this discount broker.

Samco Securities Offers

Table of Contents

SAMCO Ratings & Review by Top10StockBroker

Customer Ratings
Research & Advisory 3.0 / 10
Brokerage Charges & Fees 8.5 / 10
Product & Services 6.0 / 10
Trading Platforms 6.2 / 10
Broking Experience 5.5 / 10
Overall Rating 5.8 / 10
Star Rating ★★★★★

About SAMCO Broking House

Company Type Public
Broker Type Discount Broker
Headquarters Mumbai, India
Founder Jimeet Modi
Established Year 1993

Commenced its business as SAMCO Ventures Private Limited in the year 1993. The firm acquired Samruddhi Stock Brokers Ltd. and finally re-launched itself as SAMCO Securities.

The firm’s founder is Mr Jimeet Modi, who has been a devoted stock market enthusiast from a very young age. The company is under his supervision, and he is the firm’s CEO at present.

The company has its headquarters in Mumbai and branches all over the country in different cities. It is registered as a private firm and works among the Top Brokers in India.

The firm launched the Indian Trading League (ITL), India’s first stock market league, in May 2015.

It has membership across various stock and commodities exchanges in India, which lets its customers and clients trade across multiple segments. It is a member of NSE, BSE, NCDEX, MCX, and MCX-SX.

The vision of this discount broker is to provide extremely affordable trading solutions to its customers to make the life of the traders and the investors easy. It is highly suitable for traders embarking on a new trading journey.

It also has a mission to solve the age-old stock market problems that the traders face and provide a new and improved platform for them to trade, churning the best opportunities available.

The main motive of this discount broker is to make trading feasible and reasonable for every aspiring Indian trader.

The current active clientele of the stockbroker is around 38243, which is growing at a good potential mainly because of its cheap brokerage charges and other facilities.

Open Demat Account with SAMCO – Fill up the Form Now!

    Fill Your Details Here

    SAMCO Brokerage Charges

    Brokerage Charges & Fees
    Equity Delivery Rs 20/Transaction or 0.05% whichever is lower
    Equity Intraday Rs 20/Transaction or 0.05% whichever is lower
    Equity Futures Rs 20/Transaction or 0.05% whichever is lower
    Equity Options Rs 20/Transaction
    Currency Futures Rs 20/Transaction or 0.05% whichever is lower
    Currency Options Rs 20/Transaction
    Commodity Rs 20/Transaction or 0.05% whichever is lower
    Minimum Brokerage As per Transaction
    Demat AMC Charges Free
    Trading AMC Charges Rs.400 per annum from the second year
    Margin Money Zero Margin

    The brokerage charges of SAMCO vary across the segment, but the maximum one has to pay for each trade cannot exceed Rs. 20. For the equity delivery segment, it is Rs 20/Transaction or 0.05% whichever is lower.

    Next for the intraday segment, it is Rs 20/Transaction or 0.05% whichever is lower, and the same goes for the commodities segments as well as for the equity and currency futures.

    And, charges for options trading, it is fixed at Rs 20/Transaction, whether it is equity or currency options.

    For a detailed calculation of brokerage & other charges, check out our SAMCO Brokerage Calculator.

    Similar Stock Brokers, you may also Like

    SAMCO Charges

    Other Charges
    SEBI Turnover Charges Rs 0.10 per Lacs
    STT Equity Intraday: Rs 25 per Lacs (0.025%) on Sell side
    Equity Futures: 0.0125% on the sell side
    Equity Options:0.125% of the intrinsic value on options that are bought and exercised
    0.0625% on sell side (on premium)
    Commodity Futures:0.002% or Rs 200 / crore on buy side0.003% or Rs 300 / crore on buy side
    Commodity Options: 0.05% on sell-side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell-side
    Stamp Duty Intraday: 0.003% or 300/crore on buy side
    Equity Futures: 0.002% or 200/crore on buy side
    Equity Options: 0.003% or 300/crore on buy side
    Currency F&O:
    0.0001% or Rs 10 / crore on buy side
    0.0001% or Rs 10 / crore on buy side
    Commodity Futures:
    0.002% or Rs 200 / crore on buy side
    0.003% or Rs 300 / crore on buy side
    Commodity Options: 0.002%
    GST 18% on Brokerage, Transaction, SEBI Charges & CM Charges
    Margin Funding Charges 18%
    Reactivation Charges No Charges
    Account Closure Charges No Charges
    Dematerialisation Charges Rs 10 + Rs 50 Courier charges
    Pledge Creation Rs 60 (Including CDSL Charges)
    Pledge Invocation Rs 60 (Including CDSL Charges)
    Margin Pledge Rs 60 (Including CDSL Charges)
    Unpledge Rs 30 (Including CDSL Charges)
    Pledge closure Rs 30 (Including CDSL Charges)
    Margin Repledge Rs 60 (Including CDSL Charges)

    More about Charges

    The other charges of SAMCO, which are mostly mandatory charges levied by the authorities, include the STT, which is charged at 0.0126% on the total turnover of the trader; similarly, there are these SEBI turnover charges whose rate is 0.000010% on the total turnover.

    Apart from these two, there are GST and stamp duty charges. The GST is charged on the cumulative amount of brokerage and transaction charges of the transaction at 18%.

    The transaction Here is charged on the total turnover at a rate of 0.00325%. The stamp duty charges are very nominal and depend on the state you are trading from.

    In addition to the above, SAMCO also charges its customers in the form of:

    Other Charges

    Transaction Charges – SAMCO charges no sum for buy market trades and charges Rs. 10 for sell market trades.

    Inter-Depository Transfer – For inter-depository transfer, SAMCO charges 0.02% or Rs 25, whichever is higher for selling and no charges in case of buying.

    Demat Charges – Demat charges charged by SAMCO is Rs 10, and on top of that, Rs 50 is Courier charges.

    Remat Charges – Remat charges are charged as prescribed by CDSL and Rs. 50 as courier charges above that.

    Pledge, Unpledge, Pledge Invocation – SAMCO charge Rs. 60 per ISIN for pledge creation, pledge closure, and pledge invocation.

    To know in detail, just click on this link SAMCO Brokerage & Other Charges.

    Compare SAMCO with Other Brokers

    Compare Stock Brokers

    SAMCO Demat Account Opening Fees

    Demat Services
    Trading Charges [One Time] Rs 0 (Free)
    Trading AMC [Yearly] Rs 0 (Free)
    Demat Charges [One Time] Rs 0 (Free)
    Demat AMC [Yearly] Free 1st Year and 2nd Year 400 + GST
    Margin Money 75% Margin
    Offline to Online No

    The SAMCO Demat account opening charges are nil which means that the stockbroker offers a free Demat account.

    Its depository source is CDSL, and the trading accounts provided are also free of cost. The only charge payable per year is the annual maintenance fee for the trading account, which is Rs. 400.

    To know more, just click on this link SAMCO Demat Account.

    SAMCO Offers

    Free Demat Account No
    Free Trading Account No
    Discount on Brokerage Yes
    Trading Happy Hours No
    Flexible Brokerage Plans No
    1 Month Brokerage Free No
    Holiday Offers No
    Referral Offers No
    Zero Brokerage for Loss-Making Trades No

    SAMCO is an online discount broker and has been entitled to various awards for its features and offers.

    The offers provided by the discount broker SAMCO are as follows-

    • The Demat account and the trading account opening charges are waived off
    • There is s a discount available on the brokerage amount on fulfilling certain criteria
    • There are other limited-period offers that the company provides from time to time

    SAMCO ensures you the best online experience of Trading and imparts every service as one of the Top 10 Full-Service Brokers in India from account opening to quick fund transfers.

    Cash Plus – Cash Plus is a product that helps increase the investors‘ equity delivery leverage. It is an innovative tool that can optimistically enhance equity delivery leverage.

    Stock Plus – A comprehensive mutual fund and margin-against-shares that maintains trading limits against shareholdings for intraday and positional trading.

    BTPT – Another fascinating feature preferred by SAMCO is Buy Today, Pay in Two Days, which offers leverage of two days for equity delivery purchases.

    How to open a Demat Account with SAMCO?

    So, for opening a Demat account with SAMCO, you can approach it either through an online process or by visiting the branch itself.

    For the online process –

    1. You have to click on the button that says “Open Demat Account.” A Pop Form will open; you have filled it with the necessary details; make sure the details are correct and updated.
    2. The next step is to find the list of documents you need to upload with the form, scan each of the documents and upload the form on the online site. The list of documents mostly includes the PAN, AADHAAR, bank statement, address proof, and other necessary KYC documents.
    3. Here, your part is done; now, the company will take over and verify all the documents and check whether all information is correct or not.
    4. Once they find everything perfect, your application will be approved, and the account will be opened. You will be given the login details and credentials to your account.
    5. You can start trading by logging into your account.

    For the offline method –

    1. Visit the closest branch of SAMCO in your city. Talk to the executives there and take the Demat and Trading account opening application form.
    2. Please fill out the form and submit it along with the KYC documents. (all documents are the same as mentioned above)
    3. The executives will check the form and the KYC documents and verify them in person.
    4. Then they will approve the application if everything is alright.
    5. You will get your login details to your trading and Demat account, and you can start trading.

    Open Demat Account with SAMCO – Fill up the Form Now!

      Fill Your Details Here

      Why Open SAMCO Trading Account?

      There are ample reasons to open SAMCO Trading Account, and the most important ones are as follows –

      • Brokerage is ultra-low that benefits the customers and the newbies in the market. The maximum amount of brokerage is Rs. 20 irrespective of the amount of the transaction or the volume of the same.
      • There are intraday and charts of the historical data available from the broker on the trading platforms to facilitate your trading experience.
      • It is a huge exposure level for the delivery trades available, and you can easily fund your delivery trades with SAMCO.
      • You can benefit yourself and others from the Referral program of the company. You have to refer to the Demat and trading services of the company, and if anyone opens the account, you can earn money on the same for referring them.
      • There is no need to maintain any margin or balance in the trading account, known as the Zero balance trading account.
      •  Calculators and other tools are available on the trading platform for calculating your profit and losses on the trades. There is an options calculator which uses the Black Scholes formulae.

      Other Reasons

      • The hardware and its support facility are up to the mark, and it helps in providing the ultimate smooth experience of trading.
      • Intraday opportunities are huge as it covers more than 500 stocks.
      • The trading terminal is not only advanced but also very resilient. You can connect and trade from the comfort of your home and even when you are travelling using the mobile application of SAMCO.
      • It provides the facility of trading across different markets simultaneously on the same screen.
      • The leverage level it provides is the highest in the market.
      • It has a platform that uses AI, the future of trading.
      • It has a great network of customer care executives, and they are technically helpful and understand and take care of the customers pretty well. Also, it is regarded as having the best support team for stock trading.
      • This discount broker has tutorials and knowledge banks, which help the new traders and all the traders understand the market better.
      • Fundamental and market analysis is provided in the easiest form so that every trader can understand and make use of it.

      SAMCO Products & Services

      List of products & services provided to its clients

      SAMCO Products:

      Equity Trading Yes
      Commodity Trading Yes
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds Yes
      Forex No
      Banking No
      SIP Yes
      Insurance No

      The SAMCO products include equities, commodities, currencies, derivatives – futures, and options. Apart from these traditional investment instruments, the company also allows mutual funds and SIP investment trade.

      Equity Derivatives – Derivatives are assets that derive their value from the underlying asset, and in the case of equity derivatives, the underlying asset is shares of a listed company.

      Currency Derivatives – Investors can invest in the various currencies of different countries by investing in currency derivatives with SAMCO.

      Commodity – With the evolution of society, the investment market has also evolved to a high degree. Now, investments are not limited to stocks or debentures, but several commodities can also be dealt with.

      Mutual Funds – Investors can also invest in Mutual Funds with Samco’s various platforms.

      IPO – Initial Public Offering or IPO is the first time a company offers its equity shares to the general public, and with Samco, you can apply for an upcoming IPO easily.

      SAMCO Services:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Account No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations No
      Robo Advisory No
      PMS No
      Trading Institution No
      Trading Exposure Upto 5x
      • Demat services – it is a depository participant of CDSL
      • It has trading services which include intraday services ad IPO facilities, as well

      Margin Funding – In margin funding, the investors pay a small percentage of the share value, and the stock broker funds the remaining portion.

      Loan Against Shares – Another beneficial feature for investors is Loan Against Shares(LAS), where they can avail of a loan facility with the underlying shares they have.

      Research Services – Samco also provides research services to its customers to make better investment choices.

      SAMCO Research, Advisory & Stock Tips

      Research & Advisory
      Fundamental Reports No
      Research Reports No
      Company Reports No
      Annual Reports No
      Company Stock Review No
      Free Stock Tips No
      IPO Reports No
      Top Picks No
      Daily Market Review No
      Monthly Reports No
      Weekly Reports No
      Offline Advisory No
      Relationship Manager No

      The research and advisory facilities are yet to start with the firm. Various tools are available on trading platforms and the knowledge bank of the firm, which can be used for research and analysis.

      SAMCO Exposure or Leverage

      Exposure / Leverage
      Equity Delivery 1x
      Equity Intraday Upto 5x
      Equity Futures 1x
      Equity Options 1x
      Currency Futures 1x
      Currency Options 1x
      Commodities Future 1x
      Commodities Option 1x

      The exposure or leverage provided by the company comes under three segments. There are –

      • StockPlus account: Customers who opt for this account can use their holdings in the Demat account to purchase more shares. The Demat account holdings are used as a margin.
      • Cashplus account: Traders who use this account type get leverage up to 1 time on their delivery trades.
      • InstaPlus account: This account holder gets a margin against shares they trade during the day. It is available for the equity derivative segment and also for the currency derivatives segments.
      • The maximum leverage traders can get up to 5 times for the intraday trades.
      • The ultimate leverage for equity delivery, equity futures, currency futures, and commodities is up to 1 time.

      SAMCO Margin Calculator will help you to calculate how much margin you will get if you invest or trade with 5Paisa.

      How to transfer shares in SAMCO from other Stock Brokers?

      Looking to transfer your shares from other stock brokers to SAMCO, we’ve got you in just 3 simple steps:

      1. Download the Delivery Instruction Slip from SAMCO’s website, fill in all the details and submit it with Samco’s registered address. Ensure to attest the requisite documents.
      2. In order to provide shares’ details of the shares to be transferred with the DP number on the issued DIS book and send it back to Samco’s address.
      3. And, Samco will process the share transfer within 24 hrs from the time the request is received.

      SAMCO Trading Platforms

      Trading Platforms
      Desktop Platform – Windows Yes
      Desktop Platform – Mac Yes
      Desktop Browser Platform Yes
      Mobile Site Platform No
      Android App Platform Yes
      iOS App Platform Yes
      Windows App Platform No
      Other Mobile OS Platforms No
      Real-time Updates Yes
      Portfolio Details Yes
      Online MF Buy Yes
      News Flash No
      Research Reports Yes
      Easy Installation Yes
      Global Indices Yes
      Stock Tips No
      Personalized Advisory Yes
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts Yes
      Multi-Account Management Yes

      The trading platforms of SAMCO are well advanced to suit the requirement of the traders. There are three kinds of platforms, each for the web, desktop, and mobile.

      SAMCO Trader: SAMCO Trading Terminal

      SAMCO Trading Platform is a desktop-based trading terminal which is a software-based terminal. The software is Omnesys NEST Trader, which is NSE software. It is revamped and upgraded for SAMCO. It is highly adaptable and user-friendly software. The main features of SAMCO TRADER are as follows –

      • It is downloadable and easily installable.
      • There is a market watch option available with the real-time updates
      • Snap quote facility is there on the platform. This helps the trader understand the recent stock price movement and the buyers’ and sellers’ current volume and price offers.
      • There is an easy fund transfer facility across various banks
      • There is a cover order facility available, as well as bracket orders.

      SAMCO Mobile App – SAMCO Mobile Trading App

      SAMCO Mobile App is the mobile application-based trading platform of SAMCO. The features are –

      • It is Artificial intelligence for the techniques and tools used for trading. This is the future of trading, and thus it helps the traders to be ahead of time, making the trades profitable.
      • This is simple yet very efficient when placing orders and tracking the market.
      • There are ample charts and data available for analyzing the market
      • Live news, market day, market watch facilities
      • Alerts can be set for trades and market movements

      Nest Trader – To access all the features of SAMCO on a desktop or laptop, you can rely on the Nest Trader platform designed for accessing the system.

      Stock Basket Kya Trade – A platform that segments expert-selected portfolios and baskets of stocks at just one click of yours.

      SAMCO Trading APIs – Amongst many apps and SAMCO provides Trading API, which helps customers with live trading.

      RankMF – This platform is designed and dedicated to solving Mutual Fund Requirements. Customers can search and trade in a mutual fund from here and track their investments.

      Samco Star – What makes an entity successful is its internal efficiency of operations and for which it requires a reliable technological source, and for SAMCO, Samco Star does it all.

      SAMCO Customer Support

      Customer Support
      Dedicated Dealer Yes
      Offline Trading No
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll-Free Number Yes
      Branches No

      The customer care services of SAMCO are very popular and gained enough appreciation because of the friendly and helpful nature of the customer care executives.

      They provide dedicated dealer services. You can contact them online and via Email support.

      SAMCO Complaints & Feedback

      Complaints (Current Year)
      Lodged in BSE 89
      Resolved in BSE 56
      Lodged in NSE 114
      Resolved in NSE 78

      In the last year, that is 2018, the number of complaints registered against SAMCO on NSE was 114, out of which only 78 had been resolved.

      The company needs to take steps to resolve the complaints and reduce them by making improvements, as depicted by the scenario. On BSE, the number of complaints was 89, out of which 59 were resolved.

      SAMCO Disadvantages

      • The website-based trading platform needs to upgrade, and various features to add to the existing trading platforms to make them up to date.
      • There are no research and advisory facilities, which hinders the trader’s trading experience.

      SAMCO Conclusion

      Being a new discount broker in the market, SAMCO has gained enough recognition for its exceptional services.

      However, there is still a long way to go regarding the trading terminals research facilities to be a popular broker in the market.

      SAMCO Review FAQs

      Check out the FAQs on SAMCO

      Is SAMCO safe for trading?

      Yes, this stock broker is another addition to the list of stock brokers you can trust. They are highly trusted and reliable in terms of the services they offer and how well they have been serving their client base, i.e., to date.

      What is the brokerage of SAMCO?

      Since SAMCO is a discount broker, they charge a flat rate for all segments. The brokerage for Intraday, Futures, Currency Futures, and delivery is 0.02% or Rs.20. On the other hand, the brokerage for Equity Options and Currency Options is Rs.20 per lot.

      How to open SAMCO Demat online?

      Begin with the process by clicking on the “Open Demat Account” button. Enter all the details in the pop-up form as asked, and click submit.

      You will then be redirected to the KYC process, which is mandatory. When the verification process is done, you will get your account.

      Can I invest in an IPO via SAMCO?

      Yes, investing in IPO is provided via this particular stock broking house. They let you invest in the latest IPO via their website.

      You need to fill in the digital IPO investment form and make sure you go through the terms and conditions vividly and closely.

      What Leverage does SAMCO provide?

      The leverage option is not provided for two segments. When you invest in opportunities and Currency options, you will not be provided with the exposure facility; however, for the other segments, i.e., delivery, futures, currency futures, and commodity, it is 1x; for intraday, it is 5x.

      Does SAMCO have a trading App?

      Yes, the facility of investing via a trading app is available for the investors of SAMCO.

      This application lets the investors overcome physical limitations and allows everyone to trade from anywhere and everywhere. Investment in any security can be made through the app.

      How to contact SAMCO customer care?

      The stock broking house assists with email support and dedicated dealer support. You can send them an email about your concern and get it clarified as the earliest.

      They have a pretty good query resolution rate, which is a perk in a way or two.

      Does SAMCO provide Research?

      No, the company does not involve itself in providing any kind of research and advisory service for its clients.

      They are a discount broker, and research and advisory are not generally their operation line, as full-service stock brokers usually provide it.

      Is SAMCO good for Beginners?

      Yes, and the major factor of consideration would be their nature of operations, i.e., they are discount brokers.

      In this manner, they do not charge a high rate, nor do they ask for massive margin money to maintain the Demat account. This is required for beginners who wish to start small.

      Who Founded SAMCO?

      Jimeet Modi is the founder of this stockbroker who came into existence in the year 2015.

      He is the CEO of this company which aims to provide investment and wealth maximization facilities at affordable rates for all customers.

      Open Demat Account with SAMCO – Fill up the Form Now!

        Fill Your Details Here

        90% Brokerage Discount Offer


        Get 90% Discount on Brokerage Now! Open Demat Account