Quick Comparision (Samco
VS Elite Wealth)
Samco
Samco Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software 2024, Demat Account Charges and Samco also give overview on NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Samco
Elite Wealth
Single Margin Facility
Year of Incorporation
2015
1990
Exchanges
NSE, BSE, MCX and NCDEX
NSE, BSE, MCX and NCDEX
Branches
Zero
N/A
Brokerage
₹20/Order or 0.2%
0.03%
Broker Type
Discount Broker
Full Service Broker
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Samco
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹400 ( 2nd year onwards )
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
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Samco
Elite Wealth
Commodity Futures
₹20/Order or 0.2% (whichever is lower)
0.03%
Currency Futures
₹20/Order or 0.2% of gross turnover (whichever is lower)
0.03%
Equity Delivery
₹20/Order or 0.2% (whichever is lower)
0.33%
Equity Options
₹20/Order
₹33 per Lot
Commodity Options
₹20/Order or 0.2% (whichever is lower)
0.03%
Equity Futures
₹20/Order
0.03%
Currency Options
₹20/Order or 0.2% of notional turnover (whichever is lower)
₹33 per Lot
Fixed Charges
₹20/Order
0.03%
Equity Intraday
₹20/Order or 0.2% of gross turnover (whichever is lower)
0.03%
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Samco
Elite Wealth
RMS Square Off Charge
₹20/Order
₹0 (Free)
API Charges
Free
₹0 (Free)
Call & Trade Charges
₹20/Order
₹0 (Free)
Other Brokerage Charges
₹20/Order
0.03%
Minimum Brokerage
₹20/Order
0.03%
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Samco
Elite Wealth
Currency Options
NSE - ₹40/ Lacs (0.040%) on Premium Value
NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025%
Equity Futures
NSE - ₹2 per Lacs (0.0020%) | BSE - ₹1 per trade
NSE: 0.00195% on Total Turnover value
Equity Intraday
NSE - ₹3.45/Lacs (0.00345%) | BSE - ₹3.45/Lacs (0.00345%)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
Equity Options
NSE - ₹53/ Lacs (0.053%) on Premium | BSE - ₹1/ trade
NSE: 0.053% on Premium value
Commodity
MCX - Non Agri:- ₹2.6/ Lacs (0.0026%) | MCX - Agri:- ₹1.75/ Lacs (0.00175%) | NCDEX - A:- ₹3.5/ Lacs (0.0035%) | NCDEX - B:- ₹1.25/ Lacs (0.00125%)
Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN
Currency Futures
NSE - ₹1.10/ Lacs (0.0011%)
NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004%
Equity Delivery
NSE - ₹3.45/ Lacs (0.00345%) | BSE - For A Group and B Group | Shares – ₹1/ Trade | For other groups - ₹3.45/ Lacs (0.00345%) | For XC, XT, XD, Z and ZP – ₹100/ Lacs (0.1%) | For R and P Group – ₹1000 / Lacs (1.0%)
NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004%
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Samco
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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Samco
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:15 PM | Currency:- 4:30 PM | Commodity:- 11:25 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
• SAMCO Trader- Desktop trading platform • StockNote Web- Browser based online trading website. • StockNote Application • StockNote API- Algo-trading software. • Stock Basket- Investment platform • RankMF- Direct Mutual Fund Investment Platform • SAMCO Star- Back Office software.
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
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Samco
Elite Wealth
Trading Brokerage
Customer Service
Fees
Trading Platform Usability
Mobile App
Research
Desktop Software
Overall Ratings
Broker Rating
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Samco
Elite Wealth
Currency
IPO
Commodity
Debt
Other Options
Stock Cash / Equity
Mutual Funds
Bond / NCD
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Samco
Elite Wealth
Bracket Order/BO/OCO
BTST
Cover Order/CO
Good Till Cancelled (GTC)
BUY ABOVE/SELL BELOW (SL-M)
After Market Order(AMO)
STBT
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Samco
Elite Wealth
Free Tips
Quarterly Result Analysis
Daily Market Report
News Alerts
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Samco
Elite Wealth
Casual Investor
Active Investor
Trader
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Samco
Elite Wealth
Pros
1. Samco Securities is full of advanced features and has many advantages. Some of the advantages are as follows: 2.Variety of Margin products available for traders. 3. Instant and 100% paperless account opening. 4.User-friendly trading platforms. 5. Zero charges on demat account opening. 6. Free trading platforms. 7. Brokerage charges @flat Rs. 20 per executed order. 7. 15x leverage in over 500+ stocks for Equity Intraday trading. 8. Availability of bracket order and cover order to manage risk. 9. Trade from any place all over the India.
1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days
Cons
1. Branches are not available for local support. 2. High pledge demat charges.
1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading.
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Samco
Elite Wealth
Commodity Futures
0.01% on sell trade (Non-Agri)
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025% only on sell
0.025% on Sell
Equity Options
0.05% only on sell
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.1% on both buy & sell
0.1% on both buy & Sell
Equity Futures
0.01% only on sell
0.01 % on Sell
Commodity Options
0.05% on sell trade
0.05% on Sell Side
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Samco
Elite Wealth
Equity Demat Transaction Charges
₹10 + Gst per scrip
No Charges
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Samco
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% ( Brokerage + Transaction charges + CM Charges)
18% on (Brokerage + Transaction Charge)
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Samco
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/Crore
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Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹400 ( 2nd year onwards )
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
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Samco
Elite Wealth
Samco Review | Brokerage Charges, Account Opening Incorporated in 2015, Samco is a Mumbai based stockbroker of India that took over Samruddhi Stock Brokers Limited and renamed it to Samco Securities Limited. Founded by Mr. Jimeet Modi, Samco is one of the fastest growing stock brokers of India. samco securities is a SEBI registered company and a proud member of BSE, NSE, NCDEX and MCX. Stock basket Samc ..
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Elite Wealth Review | Products and Trading Platforms
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Samco
Elite Wealth
Commodity Futures
₹20/Order or 0.2% (whichever is lower)
0.03%
Currency Futures
₹20/Order or 0.2% of gross turnover (whichever is lower)
0.03%
Equity Delivery
₹20/Order or 0.2% (whichever is lower)
0.33%
Equity Options
₹20/Order
₹33 per Lot
Commodity Options
₹20/Order or 0.2% (whichever is lower)
0.03%
Equity Futures
₹20/Order
0.03%
Currency Options
₹20/Order or 0.2% of notional turnover (whichever is lower)
₹33 per Lot
Fixed Charges
₹20/Order
0.03%
Equity Intraday
₹20/Order or 0.2% of gross turnover (whichever is lower)
0.03%
Call Back
Open Account
Enquiry with Elite Wealth
Samco
Elite Wealth
Equity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Intraday
5x (Up to 20% of trade value)
5x (Up to 20% of trade value)
Currency Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Commodity Options
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Commodity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
Equity Delivery
1x (100% of trade value)
1x (100% of trade value)
Currency Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + exposure))
Equity Futures
1x (100% of NRML margin (Span + Exposure)
1x (100% of Normal margin (Span + Exposure))
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Samco
Elite Wealth
RMS Square Off Charge
₹20/Order
₹0 (Free)
API Charges
Free
₹0 (Free)
Call & Trade Charges
₹20/Order
₹0 (Free)
Other Brokerage Charges
₹20/Order
0.03%
Minimum Brokerage
₹20/Order
0.03%
Call Back
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Samco
Elite Wealth
Commodity Futures
0.01% on sell trade (Non-Agri)
0.01% on Sell Side Non-Agri
Currency Futures
No STT
No STT
Equity Intraday
0.025% only on sell
0.025% on Sell
Equity Options
0.05% only on sell
0.05% on Sell (on Premium)
Currency Options
No STT
No STT
Equity Delivery
0.1% on both buy & sell
0.1% on both buy & Sell
Equity Futures
0.01% only on sell
0.01 % on Sell
Commodity Options
0.05% on sell trade
0.05% on Sell Side
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Samco
Elite Wealth
Equity Demat Transaction Charges
₹10 + Gst per scrip
No Charges
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Samco
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
18% ( Brokerage + Transaction charges + CM Charges)
18% on (Brokerage + Transaction Charge)
Call Back
Open Account
Enquiry with Elite Wealth
Samco
Elite Wealth
Equity/Currencies/Commodities ( Delivery & FNO)
₹10/ Crore
₹10/Crore
Call Back
Open Account
Enquiry with Elite Wealth
Samco
Elite Wealth
Online Portfolio
Algo Trading
Margin Trading Facility
Call & Trade Facility
Referral Program
Collateral Margin
Online Demo
3 in 1 Account
Charting
Intraday Square-off Time
Equity & F&O:- 3:15 PM | Currency:- 4:30 PM | Commodity:- 11:25 PM
Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM
Trading Platform
• SAMCO Trader- Desktop trading platform • StockNote Web- Browser based online trading website. • StockNote Application • StockNote API- Algo-trading software. • Stock Basket- Investment platform • RankMF- Direct Mutual Fund Investment Platform • SAMCO Star- Back Office software.
1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform
SMS Alerts for Trades
Direct Mutual Fund
Call Back
Open Account
Enquiry with Elite Wealth