SAMCO Review, Brokerage Charges, Demat A/C, Platforms & more

SAMCO securities are a very new company which entered the market just 4 years back. However, with its innovative services and products range it has got a good hold on the market at present.

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

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

SAMCO Customer Ratings & Review

SAMCO Customer Ratings & Review

About SAMCO Broking House

Overview
Company Type Private
Broker Type Discount Broker
Headquarters Mumbai, India
Founder Vipul Modi
Established Year 2015

SAMCO Securities was incorporated as SAMCO Ventures Private Limited in the year 2015. The firm then acquired Samruddhi Stock Brokers Ltd. and finally re-launched itself as SAMCO Securities. The founder of the firm is Mr. Jimeet Modi who is a devoted stock market enthusiast from a very young age. The company is under his supervision and he is the CEO of the firm at present.

The company has its headquarter in the city of Mumbai and has branches all over the country in different cities and it is registered as a private firm and works as a discount broker. The firm launched the Indian Trading League (ITL) which is India’s first stock market league, in the month of May 2015.

It has membership across various stock and commodities exchanges of India which lets its customers and clients trade across various segments. It is a member of NSE, BSE, NCDEX as well as of 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 the traders who are embarking on the new journey of trading.

It also has a mission of solving the age-old problems in the stock market which the traders face and to 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.


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SAMCO Brokerage Charges 

Brokerage Charge & Fees
Equity Delivery Trading 0.2% or Rs.20
Equity Intraday Trading 0.02% or Rs.20
Commodity Options Trading 0.02% or Rs.20
Equity Futures Trading 0.02% or Rs.20
Equity Options Trading Rs.20 per lot
Currency Futures Trading 0.02% or Rs.20
Currency Options Trading Rs.20 per lot
Minimum Brokerage As per Transaction
Demat AMC Charges Free
Trading AMC Charges Rs.400 per annum
Margin Money Zero
Brokerage Calculator Samco Brokerage Calculator

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 0.2% or Rs. 20 the lower of the two. For the intraday segment, it is 0.02% or Rs. 20 (lower of the two) and the same goes for the commodities segments as well as for the equity and currency futures. For the options segment, it is fixed at Rs. 20 per lot whether it is equity or currency options.


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SAMCO Charges

Other Charges
Transaction Charges 0.00325% of Total Turnnover
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction 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 this SEBI turnover charges whose rate is 0.0002% 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 where you are trading from.


SAMCO Demat Account Opening Fees

Demat Services
Depository Source CDSL
Account Opening Charges Free
Demat AMC Charges Free
Trading AMC Charges Rs.400 per annum
Margin Money Zero
Offline to Online No

The SAMCO Demat account opening charges are nil which means that the stockbroker offers free Demat account. Its depository source is CDSL and the trading account it provides is also free of cost. The only charge that is payable per year is the annual maintenance fee for the trading account which is Rs. 400.


SAMCO Offers

Offers
Free Demat Account Yes
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

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 a discount available on the brokerage amount on fulfilling certain criteria
  • There are other limited period offers that are provided by the company from time to time

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How to open Demat Account with SAMCO?

For opening a Demat account with SAMCO you can approach it either through 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 fill 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 with 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 every information is correct or not.
  4. Once they find everything to be 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 application form for the Demat and Trading account opening.
  2. Fill the form, submit it along with the KYC documents. (all documents are same as mentioned above)
  3. The executives will check the form and the KYC documents and all verify 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.

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Why Open SAMCO Trading Account?

There are ample reasons to trade with SAMCO 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 are available from the broker itself 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 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 and it is known as the Zero balance trading account.
  •  calculators and other tools 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.
  • 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 be connected and trade from the comfort of your home and even when you are traveling using the mobile application of the SAMCO.
  • It provides the facility of trading across the different markets at the same time on the same screen.
  • The leverage level it provides is the highest in the market as of now.
  • It has a platform that uses AI which the future of trading.
  • Has a great network of the customer care executives and they are not only technically helpful but also understanding and take care of the customers pretty well. It is regarded to have the best support team in the country for stock trading.
  • There are tutorials and knowledge bank of this discount broker which helps the new traders and also all the traders for understanding 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:

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 regular investment instruments the company also provides the facility to trade in mutual funds along with SIP investment.

SAMCO Services:

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 10x
  • Demat services – it is a depository participant of CDSL
  • It has its trading services which include intraday services ad IPO facilities as well

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. As of now, there are various tools on the 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 Upto 5x
Equity Intraday Upto 10x
Equity Futures Upto 5x
Equity Options No
Currency Futures Upto 5x
Currency Options No
Commodities Upto 5x
Margin Calculator SAMCO Margin Calculator

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 margin.
  • Cashplus account: Traders who use this account type they get leverage up to 4 times on their delivery trades.
  • InstaPlus account: This account holder get margin against shares which they trade during the day. It is available for the equity derivative segment and also for the currency derivatives segments.
  • For the intraday trades, the maximum leverage traders can get is up to 10 times.
  • The ultimate leverage for equity delivery, equity futures, currency futures, and commodities is up to 5 times.

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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 Platform 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 for the traders. There is three kinds of the platform each for the web, desktop, and mobile.

SAMCO Trader: SAMCO Trading Terminal

This is the desktop based trading terminal which is a software-based terminal. The software is Omnesys NEST Trader which is NSE software basically. 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 movement of the stock price along with the current volume and price offers by the buyers and sellers.
  • There is an easy fund transfer facility across various banks
  • There is a cover order facility available as well as bracket orders.

SAMCO Stock Note Web – SAMCO Web Trading Platform

This is the web-based trading platform offered by the discount broker which is known as SAMCO Stock Note Web.

  • It is accessible through any device – desktop, tablet, mobile, and
  • It has real-time updates, news flash.
  • Tracking and placing orders are easy
  • This is an HTML based trading platform, no downloads are required

SAMCO Stock Note App – SAMCO Mobile Trading App

This 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 makes the trades profitable.
  • This is simple yet very efficient when comes to placing orders and tracking the market
  • There are ample charts and data available for analyzing the market
  • Live news, market data market watch facilities
  • Alerts can be set for trades and market movements

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 No
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
Resolvd 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 try to reduce them by making improvements as can be 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 be upgraded and also there are various features that can be added to the existing trading platforms to make them up to date.
  • There is no research and advisory facilities provided which hinders the traders trading experience.

SAMCO Conclusion

SAMCO being a new discount broker in the market has gained enough recognition for its exceptional services, however, there is still a long way to go in terms of the trading terminals, research facilities to be a popular broker in the market.


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