SAMCO Stock Trading, Demat, Brokerage and Reviews 2020


SAMCO Stock Trading, Demat, Brokerage and Reviews 2020


SAMCO Account Opening Enquiry

SAMCO is India based online discount broker. It offers stock and commodity trading at NSE, BSE, and MCX. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products. It also offers depository services (demat account) through CDSL.

Incorporated in 2015, SAMCO is among the lowest-cost broker in India. SAMCO is popular for its ultra-low brokerage, margin products, higher exposure and free trading software. Customer who moves from traditional brokers like ICICI Direct or Sharekhan saves over 60% in commission and taxes.

SAMCO is a Pay Per Order Brokerage offering simple flat rate trading at ₹20 per executed order. The brokerage charged is irrespective of the size of the trade, exchange or segment. SAMCO doesn't charge any Minimum Brokerage.

SAMCO gives higher leverage for trading in comparison to other discount brokers. Over 500 stocks are available for Equity Intraday trading with up to 15x leverage. Cover Order (CO) and Bracket Order's (BO) are available with up to 33x exposure.

SAMCO broker's key offering is the Margin Products including CashPlus, StockPlus, and InstaPlus.

  1. CashPlus gives customers up to 4X equity delivery leverage on 300+ stocks at an interest cost of 0.05% per day. In other words, with ₹1 lakh in your trading account, you could buy shares worth of ₹4 lakhs. You could also avoid square-off of your position because you go short on margin.
  2. StockPlus gives customers margin against shares for intra-day or delivery trades. You could truly utilize the holdings in your demat account to get the margin. Unlike other brokers, customers do not have to maintain 50-50 cash collateral ratio. A trader can trade with ₹0 balance in his trading account by pledging shares.
  3. InstaPlus gives customer margin against shares you own to trade intraday.

Read SAMCO Margin Funding - CashPlus, StockPlus & IntraPlus Explained in Detail

All trading platforms include an install-able trading terminal (SMACO Trader), trading website (SAMCO Xpress Web) and mobile trading app (StockNote) are available for free of cost to all its customers.

SAMCO USP (Unique Sales Proposition)

Following are unique selling points of SAMCO Brokerage Services:

  • Delivery Funding: Get up to 4x Delivery Leverage in the Cash Markets
  • Margin Against Shares: Trade with ZERO Cash Balance
  • Lowest Margin Requirement: Get Upto 80x Leverage for Nifty, 33x leverage for stocks 60x for commodity

SAMCO Special Offers

SAMCO has 2 limited time special offers running at this time.

  1. Trading & Demat Account Opening Fee Waived

    Open trading and demat account at absolutely no cost. The account opening fee is waived for limited period of time.

  2. 100% Brokerage Cash Back for 1st Month

    Open an account with SAMCO, download mobile trading app StockNote and get 100% cashback on brokerage paid for trades done through mobile app in 1st month. This cashback offer works only for trade executed using mobile app.


SAMCO Charges 2020

  • SAMCO Trading Account Opening Fee: ₹0 (Free)
  • Demat account Opening Fee: ₹0 (Free)
  • Trading Account AMC: ₹0
  • Demat Account AMC: ₹400 per year (payable upfront)

Trading Brokerages

  • Equity Delivery: 0.20% or ₹20 per trade whichever is lower
  • Equity Intraday: 0.02% or ₹20 per trade whichever is lower
  • Equity Future: 0.02% or ₹20 per trade whichever is lower
  • Equity Options: 0.02% or ₹20 per trade whichever is lower (on Turnover)
  • Currency Futures: 0.02% or ₹20 per trade whichever is lower
  • Currency Options: 0.02% or ₹20 per trade whichever is lower
  • Commodity: 0.02% or ₹20 per trade whichever is lower
SAMCO Brokerage Charges for Equity Cash & Intraday

SAMCO Charges

EQUITY Delivery

EQUITY Intraday

Brokerage

₹20 per executed order or 0.2% whichever is lower

₹20 per executed order or 0.02% of gross turnover whichever is lower

STT

0.1% on both Buy and Sell

0.025% on the Sell Side

Transaction / Turnover Charges

NSE ₹325 per crore | BSE ₹1 per trade (each side)

NSE ₹325 per crore | BSE ₹1 per trade (each side)

Goods and Services Tax (GST)

18% on (Brokerage + Transaction Charge)

18% on (Brokerage + Transaction Charge)

SEBI Charges

₹5/Crore

₹5/Crore

Stamp Charges*

State wise

State wise

SAMCO Brokerage Charges for Equity Derivatives

SAMCO F&O Brokerage

Futures

Options

Brokerage

₹20 per executed order or 0.02% of gross turnover whichever is lower

₹20 per executed order or 0.02% of notional turnover whichever is lower

STT

0.01% on Sell Side

0.05% on Sell Side(on Premium)

Transaction / Turnover Charges

NSE ₹190 per crore | BSE ₹1 per trade (each side)

NSE ₹7500 per crore | BSE ₹1 per trade (each side) (on premium)

Goods and Services Tax (GST)

18% on (Brokerage + Transaction Charge)

18% on (Brokerage + Transaction Charge)

SEBI Charges

₹5/Crore

₹5/Crore

Stamp Charges*

State wise

State wise

SAMCO Brokerage Charges for Currency & Commodity

SAMCO Charges

Currency Futures

Currency Options

Commodity

Brokerage

₹20 per executed order or 0.02% of gross turnover whichever is lower

₹20 per executed order or 0.02% of notional turnover whichever is lower

₹20 per executed order or 0.02% of gross turnover whichever is lower

STT

No STT

No STT

0.01% on Sell Side (Non-Agri)

Transaction / Turnover Charges

NSE ₹110 per crore (0.0011%)

NSE ₹4000 (on premium) per crore (0.04%)

Non-Agri ₹260 (0.0026%) | Agri ₹175 per Crore (0.00175%)

Goods and Services Tax (GST)

18% on (Brokerage + Transaction Charge)

18% on (Brokerage + Transaction Charge)

18% on (Brokerage + Transaction Charge)

SEBI Charges

₹5/Crore

₹5/Crore

₹5/Crore

Stamp Charges*

State wise

State wise

State wise

SAMCO Charge / Fee Structure:

STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.

Stamp Duty for all states in India and NRIs: *: Charged based on the state where customer lives.

Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.

SEBI Charges: This is charged at ₹5 per Crore.

Other Charges (SAMCO Hidden Fees):

  • Call & Trade charges: additional ₹20 per executed order.
  • Physical contact note: ₹20 per contact (Email contract notes are free)
  • DP charges for delivery based equity selling - ₹10 per transaction.

SAMCO Demat Account Charges:

SAMCO provides Demat Account through its membership with CDSL. SAMCO's charges for demat account transitions are:

SAMCO Demat Charges

ID

Transaction

Charges

1

Demat Account Opening Charges

₹0

2

Stamp Charges payable upfront (at actual)

₹50

3

Annual Maintenance Charges (AMC):

 

a. Individuals

₹400 Per Year + GST (Payable upfront every year)

 

b. Corporates

₹800 + GST (Payable upfront every year)

4

Transaction Charges per ISIN (Market Trades):

 

a. Buy (Receive)

₹0

 

b. Sell (Debit)

₹10 (including CDSL Fee)

5

Inter Depository Transfer (Off-Market Trades):

 

a. Buy (Receive)

NIL

 

b. Sell(Debit)

0.02% or ₹25 whichever is higher (including CDSL Fee)

6

Demat (Per certificate)

₹10 + ₹50 Courier charges

7

Remat (Per ISIN)

CDSL Charges + ₹50 Courier charges

8

Courier charges per Demat/ Remat request

₹50

9

Pledge per ISIN

₹60 (Including CDSL Charges)

10

Unpledge per ISIN

₹60 (Including CDSL Charges)

11

Pledge Invocation per ISIN

₹60 (Including CDSL Charges)


How to open account with SAMCO Securities Limited?

For online trading with SAMCO, you have to open an account with them. Following are the ways to open an account with SAMCO:

  • Fill an Online Application Form for instant account opening using AADHAAR.
  • Call Samco sales phone line.
  • Visit SAMCO Mumbai office at Elphinstone Road.

SAMCO Trading Software

Samco offers an online trading platform to its customers for trading in stock market. All trading applications are available for free to its customer.

  1. SAMCO Trader (Omnesys NEST Trader)

    SAMCO Trader is an install-able trading terminal for Windows computers. The SAMCO trade is a re-branded NEST Trader. The NEST is a leading trading platform by Thomson Reuters owned company Omnysis. Most traders in India are well versed with this trading software as it is offered by many other brokers. It is robust, stable and user-friendly trading terminal designed for the high-frequency trader.

  2. StockNote (Mobile Trading App)

    StockNote is a free mobile app for trading at BSE, NSE, and MCX. The feature-rich trading app on mobile is simple, handy and fast. The app also offers live news, alerts, streaming quotes, market watch, and charts.

  3. SAMCO Web Xpress (Website)

    SAMCO Web Xpress is a website based trading application. It can be accessed through any web browser from any operating system. This trading website has all the features a trader need for trading. It offers full market watch, charting, advanced order types like brackets and cover orders, super fast order placements, and much more for trading at BSE, NSE, and MCX. Web Xpress is available for free to all its customers.

  4. SAMCO STAR (Bak-office)

    SAMCO STAR is a back-office website. You could check account statements, analyze the trades, manage the funds, check demat holding, and pledge/unpledge holdings,

  5. SAMCO Call & Trade

    Customers who are not online; can use Call & Trade service for an additional cost of ₹20 per executed order. The confirmation of orders placed through Call & Trade is sent to customers email address and phone number intently.

SAMCO Pros and Cons


SAMCO Pros (Advantages)

The following are the advantages of SAMCO. You must read SAMCO advantages and disadvantages before opening an account with SAMCO. SAMCO pros and cons help you find if it suits your investment needs.

  1. Excellent margin products available for traders. You can get margin funding at 0.05% a interest a day. You could also pledge shares in you demat account for extra margin.
  2. Flat Rate Brokerage Plan (Rs 20 per trade) is simple and easy to understand. No hidden charges. Among the cheapest broker in India. It offers pay-as-you-go pricing model. No prepaid monthly charges and no minimum balance requirements.
  3. Equity Intra-day trading is available in over 500+ stocks with up to 15x leverage.
  4. Cover order (CO) and bracket orders (BO) are available to manage risk. Customer get up to 33x margins on these orders.
  5. Trading and Demat Account opening are FREE with SAMCO.
  6. Trading software is available for free to all the customers.
  7. AADHAAR based instant paperless account opening.
  8. You could try StockNote mobile trading app as guest user even before you open an account with SAMCO.

SAMCO Cons (Disadvantages)

The following are the cons of SAMCO. Check the list of SAMCO drawbacks.

  1. Mutual Fund investment is not available.
  2. SAMCO is an online broker. It doesn't have branches for local support.
  3. High Pledge (Creation/Closure/Invocation) demat charges. SAMCO changes ₹60 per ISIN while brokers like Zerodha charge ₹32 per ISIN (₹20 + ₹12 CDSL Fee).
  4. Online IPO Application is not available with SMACO.
  5. Call & trade is available at an extra fee of ₹20 per executed order.

SAMCO Margin / Exposure

SAMCO leverage for intraday, delivery, options, currency and commodities.

Segment Margin
Equity Delivery Up to 4x
Equity Intraday Normal Orders: 3x to 15x | CO & BO: Up to 33x
Equity Future Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Future Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Future Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options

SAMCO Ratings

Overall Rating Rated 3.5 stars 3.5/5
Fees Rated 3.6 stars 3.6/5
Brokerage Rated 4.0 stars 4.0/5
Usability Rated 2.8 stars 2.8/5
Customer Service Rated 3.4 stars 3.4/5
Research Capabilities Rated 3.0 stars 3.0/5

Based on 14 Votes by SAMCO Customers


SAMCO Complaint

The number of SAMCO customer complaint received by the exchanges. The SAMCO consumer complaint report helps understanding the SAMCO Securities Limited quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 57,435 16
NSE 2019-20 51,432 41
BSE 2019-20 12,396 2
NSE 2018-19 38,901 21
BSE 2018-19 8,182 2
NSE 2017-18 29,595 22
BSE 2017-18 11,907 2
NSE 2016-17 18,176 19
BSE 2016-17 5,438 4
NSE 2015-16 8,256 8

SAMCO Exposures

  • SAMCO Margin Delivery (Cash): 1x
  • SAMCO Margin Intraday: 3x to 15x leverage. For Cover Orders and Bracket Orders, the leverage available is up to 33x.
  • SAMCO Margin Equity Future Intraday: SAMCO lets clients take MIS (Margin Intraday Squareoff) positions with following margin:

    Equity futures - 50% of NRML(Normal) margin

    Index futures - 40% of NRML(Normal) margin

    Cover Order - Up to 33x

    Bracket Order - Up to 33x

  • SAMCO Margin Currency Future Intraday

    Currency futures - 50% of NRML(Normal) margin

    Cover Order - Up to 100x

    Bracket Order - Up to 100x

  • SAMCO Margin Options - SAMCO doesn't offer any margin for buying Options.

SAMCO's Membership Information

  • SAMCO SEBI Registration ID: INZ000002535
  • SAMCO NSE Member ID: 12135
  • SAMCO BSE Member ID: 935
  • Depository CDSL Member ID: IN-DP-CDSL-443-2008