SAS Online Stock Trading, Demat, Brokerage and Reviews 2020


SAS Online Stock Trading, Demat, Brokerage and Reviews 2020


SAS Online Account Opening Enquiry

Incorporated in 1995, SAS Online is an online discount brokerage firm offering brokerage services for stocks, future and options, currency and commodities at NSE, BSE and MCX exchanges.

SAS Online started offering its discount brokerage services since 2013. As of Aug 2019, they have 30000+ clients spread across 750+ cities of India. They are doing a daily average turnover of ₹10,000+ Cr, contributing to over 1% of the total Indian market turnover with an average of 1 lac + orders a day.

Like most discount brokers, brokerage services are offered to clients from 1 centralized office located in Delhi. The way that is possible is by leveraging technology thereby saving on real estate, HR and other operational costs which are passed onto the client in the form of their deep discount brokerage plans. They have no account minimums or hidden costs, which translates into lower costs and hassle free trading.


Account Types

SAS Online offers 4 different plans to suite your trading needs:

  1. ₹9 per trade Plan

    This SAS Online trading plan offers trading at flat ₹9 per trade irrespective to the size of the trade. The brokerage is charged as ₹9 per executed order or 0.01% whichever is lower. Trading is available at BSE, NSE and MCX stock exchanges in equity, commodities and currency derivative segments.

  2. ₹999 MCX Plan

    This trading plan offers unlimited monthly trading in commodities at MCX stock exchange for flat ₹999 per month.

  3. ₹999 Equity Plan

    This SASOnline plan offers unlimited trading in equity segment for flat ₹999 per month. Trading under this plan is available at BSE Cash, NSE Cash and NSE F&O segment.

  4. ₹499 Currency Plan

    This plan offers unlimited trading in currency derivatives segment at NSE for flat ₹499 per month.


SAS Online Charges 2020

SAS Online Charges EQUITY Delivery EQUITY Intraday
Brokerage (₹999 MCX Plan / ₹999 Equity Plan / ₹499 Currency Plan) ₹0 ₹0
Brokerage (₹9 per trade Plan) 0.1% or ₹9/Trade whichever is lower 0.01% or ₹9/Trade whichever is lower
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges ₹325/crore ₹325/crore
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Duty * *
SAS Online Charges Futures Options
Brokerage (₹999 MCX Plan / ₹999 Equity Plan / ₹499 Currency Plan) ₹0 ₹0
Brokerage (₹9 per trade Plan) 0.1% or ₹9/Trade whichever is lower ₹9/trade
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges ₹220/crore ₹5500/crore on premium turnover
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Charges * *
SAS Online Charges Currency Futures Currency Options
Brokerage (₹999 MCX Plan / ₹999 Equity Plan / ₹499 Currency Plan) ₹0 ₹0
Brokerage (₹9 per trade Plan) 0.1% or ₹9/Trade whichever is lower ₹9/trade
STT No STT No STT
Transaction / Turnover Charges ₹120/crore ₹5500/crore on premium turnover
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore ₹5/Crore
Stamp Charges * *
SAS Online Charges Commodity Futures
Brokerage (₹999 MCX Plan / ₹999 Equity Plan / ₹499 Currency Plan) ₹0
Brokerage (₹9 per trade Plan) 0.1% or ₹9/Trade whichever is lower
CTT 0.01% on Sell Side (Non-Agri)
Transaction / Turnover Charges Non-Agri: ₹360/crore
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge)
SEBI Charges ₹5/Crore
Stamp Charges ₹100/Crore

* stamp duty is charged based on the state.

SAS Online Charge Structure Explanation:

  • 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: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ₹5 per Crore.
  • Transaction or Turnover Charges: This is charged at ₹325/crore for Equity, ₹220/crore for Futures, ₹5500/crore on premium for options.

SAS Online Demat Account Charges

ID Transaction Demat Charges
1 Demat Account opening charges ₹200
2 Annual Maintenance charges (AMC) For Individual- ₹200
For Non Individual- ₹500
3 Transaction charges (Debit) ₹9 per debit instruction + depository charges at actual
4 Pledge Creation Charges Rs50 per transaction
5 Pledge Creation confirmation Nil
6 Pledge Closure / Closure confirmation Nil
7 Pledge Invocation ₹50 per Transaction
8 Dematerialization Charges ₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams
9 Rematerialization Charges ₹25 per certificate or 0.05% of the value whichever is higher + Depository charges at actuals
10 SLB Charges ₹25 for Security Lending & Borrowing + Depository charges separately
11 Failed or Rejected Transactions ₹30 per transaction
12 Demat Rejection Charges ₹35 per rejection for every 500 grams

How to open account with South Asian Stocks Ltd?

For online trading with SAS Online, investor has to open an account. Following are the ways to open an account with SAS Online


SAS Online Trading Software

SAS Online provides ALPHA online trading platform to its customers for trading at BSE, NSE, and MCX. ALPHA is a re-branded Omnesys NEST trading platform. Omnesys NEST is among the most popular, powerful and secure trading platform available in India.

This platform includes:

  1. ALPHA Trader

    This is an installable trading terminal designed for fast execution of orders with real-time monitoring. Build for the frequent trader, this easy to use the trading terminal is available to all the customers for free. ALPHA Trader offers to trade across all segments and exchanges.

  2. ALPHA Web

    This is a web browser-based trading website.

  3. ALPHA Mobile

    This is a smart phone-based trading app. It allowing customers to monitor quotes, analyze charts, place orders, trade stocks or check your positions - all in real-time. The mobile app is available for Android, Apple and Windows phones.

SAS Online Pros and Cons


SAS Online Pros (Advantages)

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

  1. Margin against shares is available.
  2. Margin funding is available though a product Equity Plus.
  3. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  4. Trading Software's including website, mobile app and install-able trading terminals are available for free.
  5. No minimum brokerage.
  6. SASOnline Referral Program helps its customers to refer friends and earn 20%of the brokerage paid by them.
  7. Trading application (ALPHA Web) is available for operating system Mac and Linux. Its is re-branded Omnesys NEST trading platform.

SAS Online Cons (Disadvantages)

The following are the cons of SAS Online. Check the list of SAS Online drawbacks.

  • SAS Online doesn't offer 3-in-1 account as the company doesn't offer banking services.
  • SAS Online doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).
  • Call & Trade is available at additional ₹20 per executed order.
  • Good Till Cancelled (GTC) and Good Till Date/Time (GTD) is not available in Equity Segment.
  • SAS Back-office is not integrated for real time data with trading portal/terminal. Most data get updated on overnight basis.

SAS Online Margin / Exposure

SAS Online leverage for intraday, delivery, options, currency and commodities.

Segment Margin
Equity Delivery 1x (no margin)
Equity Intraday 13x to 20x with CO (Intraday), 5x to 9x for MIS (Intraday)
Equity Future 5x with CO (Intraday), 2x for MIS (Intraday)
Equity Options 2x for selling 100% premium amount for buying
Currency Future 2x trading margin
Currency Options 2x for selling 100% premium amount for buying
Commodity Future NA
Commodity Options

SAS Online Ratings

Overall Rating Rated 4.0 stars 4.0/5
Fees Rated 4.4 stars 4.4/5
Brokerage Rated 4.6 stars 4.6/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.9 stars 3.9/5
Research Capabilities Rated 3.2 stars 3.2/5

Based on 68 Votes by SAS Online Customers


SAS Online Complaint

The number of SAS Online customer complaint received by the exchanges. The SAS Online consumer complaint report helps understanding the South Asian Stocks Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 13,621 2
NSE 2019-20 13,027 5
NSE 2018-19 12,445 11
NSE 2017-18 11,869 6
NSE 2016-17 9,384 5
NSE 2015-16 6,436 8
NSE 2014-15 4,091 9
NSE 2013-14 1,933 1

SASOnline Milestones

Journey of SASOnline Discount Broker
Timeline Event
April 2013 SAS started offering discount brokerage services
Oct 2013 SAS reached first 1000 customers
March 2014 SAS reached 2500 customers. Team size of 15 people handling customers.
Oct 2014 SAS started offering Commodity Trading at MCX
March 2015 SAS reached 6000 customers. Team size increased to 35.
June 2015 SAS started offering Zero AMC Demat Accounts
Jan 2016 SAS's Daily Turnover reached ₹4000 Cr with over 40,000 trading orders placed every-day.