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SAMCO Stock Trading, Demat, Brokerage and Reviews 2018


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.

Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App

SAMCO Rating (by the customers)

6 Votes

Overall Rating Rated 4.0 stars 4.0/5
Fees Rated 4.0 stars 4.0/5
Brokerage Rated 4.0 stars 4.0/5
Usability Rated 3.3 stars 3.3/5
Customer Service Rated 3.5 stars 3.5/5

Do you trade with SAMCO? Rate SAMCO

Information about SAMCO account opening, SAMCO open account, SAMCO opening charges, SAMCO account opening charges, SAMCO account opening status, SAMCO amc charges, SAMCO account charges, SAMCO account closure

SAMCO's Trading Platforms

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.

Find info about SAMCO platform, SAMCO trading platform, SAMCO trading software, SAMCO trading demo, SAMCO Demo, SAMCO download, SAMCO software download, SAMCO software, SAMCO stop loss, SAMCO trading and SAMCO trading account.

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 Brokerage Charges 2018

  • 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

Securities Transaction Tax (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

₹15/Crore

₹15/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

Securities Transaction Tax (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

₹15/Crore

₹15/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

Securities Transaction Tax (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

₹15/Crore

₹15/Crore

₹15/Crore

Stamp Charges*

State wise

State wise

State wise

SAMCO Charge / Fee Structure:

Securities Transaction Tax (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 ₹15 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)

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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.

Get information about SAMCO broker, SAMCO branches, SAMCO sub broker, SAMCO support, SAMCO customer care, SAMCO user reviews, SAMCO user manual, SAMCO website, SAMCO review and SAMCO toll free number

SAMCO Pros and Cons

SAMCO Advantages

  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 Disadvantages

  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 Complaints received at BSE / NSE:

Number of customer complained against SAMCO Securities Limited share broker. The SAMCO Securities Limited consumer complaints provide the summary of grievance which went to exchange for resolution.

SAMCO Securities Limited consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
NSE 2018-19 30,594 4
BSE 2017-18 11,907 2
NSE 2017-18 29,595 22
BSE 2016-17 5,438 4
NSE 2016-17 18,176 19
BSE 2015-16 1,938 3
NSE 2015-16 8,256 8

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

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

SAMCO Securities Limited Reviews

avatar
73. PARAS  Jan 6, 2018 16:59 Reply
I have open A/c in Samco.
Suddenly, i got the message that "your login password" has been reset.
Now, without any request raised by me, it was reset by someone.
It''s clearly shows that, a/c in Samco is not safe. I had also raise query in Samco, escalated on mail but still not getting reply from Samco Team. They are verbally call me but they have no justification for my query till yet.
avatar
72. Jayshri Parmar  Apr 16, 2017 12:56 Reply
I dislike samco.They open online account but then after no online closure of Demat account. And Rs.20/_brokerages for margin 5 to 6 lac required ,even log in sight is not perfect,IInd level authentication not o.k.All system for login is bogus. Jayshri

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
72.1. Pradeep SAMCO  Sep 26, 2017 14:47
Mr Jayshri Parmar, for your Query, May I request you to inbox me your Client ID/ registered Mobile number to assist you further. query@samco.in

Thanks & Regards,
Team SAMCO
avatar
72.2. yash  Dec 23, 2017 21:44
after read ur review, i think samco is no so good beoker, then i should be remain with ventura securities
avatar
71. M P Kumar  Oct 11, 2017 16:51 Reply
Poor+Hopeless+Unethical = SAMCO
avatar
70. Rkverma  Oct 23, 2017 05:20 Reply
My portfolio showing 321 share of ITC in my demat account whereas I purchase 325 share of itc
avatar
69. tarun  Sep 13, 2017 11:10 Reply
SAMCO VERY BAD COMPANY CUSTUMER SERVICE BAD LIMITS MAE BAD

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
68. Dr Suneet Shende  Aug 21, 2017 02:07 Reply
Just like other discount brokers, they need to improve there trading platform

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Average
Overall Experience - Above Average
avatar
67. Mira Devi  Jul 15, 2017 19:36 Reply
Samco stock plus is truly amazing as it provide zero cash balance account. In simple terms, I get Margin against Shares and their brokerage fee is among the lowest in the market.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
66. Mira Devi  Jul 14, 2017 13:34 Reply
SAMCO rprovide the best service. Yes you heard it right Not Just free account opening! You can start trading within 48 Hours of receipt of Documents by SAMCO!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
65. Sagar Thada  Jul 13, 2017 18:05 Reply
Excellent, got minimized brokerage cost,profit margin was more than 98% than trade. Liked their customer service very polite and informative.Awesome platform if you want complete watch on stock market anytime.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
64. Ashraf  Jul 12, 2017 21:25 Reply
Best thing about SAMCO is that they treat all clients equally, irrespective of their trading volume and their brokerage fee is among the lowest in the market.


Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
63. Gourav Verma  Jul 12, 2017 11:01 Reply
It''s very easy to check your stoke market update with latest deskstop nest trader.
Indeed a easy way to watch your stoke.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
62. Richa Kukreja  Jul 11, 2017 13:31 Reply
I am really satisfied with their products and services. So I will give them 5 stars.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
61. Ankita Jain  Jul 10, 2017 13:04 Reply
SAMCO is the best broker providing a clean & clear information to its customers/investors. Transparency in operations & customer satisfaction is what I like the most about SAMCO.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
60. Ankita Jain  Jul 10, 2017 12:57 Reply
SAMCO is the best broker providing a clean & clear information to its customers/investors. Transparency in operations & customer satisfaction is what I like the most about SAMCO.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
59. Sarath Kumar  Jul 10, 2017 11:40 Reply
SAMCO is really treat all their clients equally, irrespective of their trading volume. And their brokerage fee is very low in market.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
58. Rahul Narwar  Jul 10, 2017 11:34 Reply
Its been a superb experience with samco where they have minimized my brokerage cost, on before the other broker used to charge me 0.5% of the on the trade, buy choosing samco was a really good decision to where my profit was 98% of the trade.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
57. Rohini Karmakar  Jul 8, 2017 20:01 Reply
SAMCO always provides the best solution. Their services and the staffs are so friendly

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
56. dushyant  Jul 8, 2017 19:35 Reply
i have been the satisfied customer of SAMCO there customer care executive are very polite and very informative,with them you get free account opening! You can
start trading within 48 Hours of receipt of Documents by SAMCO!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
55. Harshida  Jul 8, 2017 17:34 Reply
Excellent service and great experience with Samco securities. I can see all my shares and market watch because of their desktop nest trader. They provide lowest brokerage which isthe USP of Samco.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
54. Ishant Sharma  Jul 8, 2017 17:29 Reply
The superior element I preferred respecting SAMCO is so much he deal with every regarding theirs consumers equally, irrespective on theirs trading volume. And their agency fee is amongst the vile of the market.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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