SAS Online - Safe, Reliable & Trustworthy Broker

SAS Online is a safe and trustworthy broker with a strong online presence, different brokerage plans as per the client's needs, and advanced trading platforms. It is a registered SEBI and DP member with NSDL. The broker is also a member of BSE, NSE, MCX, and NCDEX to place trade orders on behalf of clients to the exchanges.

South Asian Stock (SAS) Ltd is a Delhi-based discount brokerage firm established in 199The broker allows investment across equity, F&O, currency, and commodities.

SAS Online has no hidden cost and provides hassle-free trading across different segments. Clients can choose the brokerage plan as per their investment requirements.

About SAS Online

As of June 2020, the following are the key facts about SAS Online:

• More than 25 years of stock market experience
• Alpha Platform- fast, intuitive and light
• Offers flat fee and monthly plans
• Charges Rs 999 for a monthly plan for unlimited trading
• Free trading software and tools
• Provides margin trading facility
• Super connectivity for tick by tick exchange update
• Auto pay-in feature and instant limit update

Why is SAS Online safer than other brokers?

1. Technology-focused Company

   SAS Online provides access to advanced online trading platforms. It also offers instant trade confirmation facility through SMS. SAS Online Alpha platform is available in desktop, web, and mobile-based capabilities.

2. Simple Pricing Model

   SAS Online offers a simple pricing model where customers have to pay a flat fee of Rs 9 irrespective of segment and trade volume. For unlimited trading in Equity, Commodity, and Currency, you can subscribe to Rs 999 plan.

3. No Advisory Services

   SAS Online is a discount brokerage firm that is focused on offering depository services and investment platforms. It doesn't offer any advisory services to invest in the stock market. Somehow it is safe when advisory may not be 100% true for the investments.

4. Low Complaints to Active Clients Ratio

   SAS Online has a lower ratio of complaints to active clients making it one of the safe brokers.

5. No Promoter Pledge

   SAS Online has no promoter pledge which is the safe side of the broker. The promoters when in need of money can pledge their shares with banks, and other financial institutions. It shows a money shortage with the promoter and doesn't favor being a safe broker.

SAS Online Risks

SAS Online is a safe broker, but there are few risks you should be aware of:

1. Margin Funding

   SAS Online offers a margin funding facility which is a risky business with customer defaults. There are some brokers which don't offer margin funding facility on a safer side.

2. Client securities in the Pooled Account

   SAS Online keeps customers' securities in the pooled account. The securities are first transferred to the pool account of SAS Online. If the funds are clear, then the broker transfers it to the client's Demat account.

3. Proprietary Trading

   SAS Online does proprietary trading where the company uses the money of the clients for prop trading. It is a risky proportion as 100% returns are kept with the broker.

SAS Online Memberships

SAS Online is registered with SEBI and a member of BSE, NSE, MCX, and NCDEX. The depository participant accounts of clients at SAS Online are opened with NSDL.

SAS Online Membership details:

• NSE Member Code 09073
• BSE Member Code 6329
• NSDL: IN-DP-NSDL-3742014
• SEBI Registration No. INZ000164738
• MCX Member Code : 55215
• NCDEX Member Code : 1233

Conclusion

SAS Online is a safe and reliable broker considering the brokerage model, no promoter pledge, and lower complaints against the broker. Although, the broker offers margin funding and proprietary trading which are risky terms for the clients. As per the flexibility of brokerage plans and advanced trading platforms, it is a good option for experienced clients.

Must Read:

• 10 Steps to safeguard trading and Demat account

Frequently Asked Questions

SAS Online Competitors Review

Information on this page was last updated on Thursday, October 7, 2021