Finvasia Vs SAMCO (Compare Finvasia and SAMCO)


Finvasia
Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd


SAMCO
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 Dir... Know more about SAMCO Securities Limited

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Finvasia Vs SAMCO

Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in , SAMCO is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Finvasia SAMCO
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 2013
Number of Branches 1
Open an Online Trading Account with Finvasia.Open an Online Trading Account with SAMCO.
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Finvasia Vs SAMCO Charges & AMC

Finvasia trading account opening charges is Rs 0 (Free) while SAMCO account opening changes is Rs 0 (Free). Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC) and SAMCO Demat Account AMC Charges is Rs 400.

  Finvasia SAMCO
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 0 per year (Lifetime Zero AMC) Rs 400
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Finvasia Vs SAMCO Brokerage Charges & Plans

Finvasia Vs SAMCO Brokerage

Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0 whereas SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.

  Finvasia SAMCO
Account Type Standard Standard
Fixed Charges NA NA
Equity Delivery Rs 0 Rs 20 per executed order
Equity Intraday Rs 0 Rs 20 per executed order
Equity Futures Rs 0 Rs 20 per executed order
Equity Options Rs 0 Rs 20 per executed order
Currency Futures Rs 0 Rs 20 per executed order
Currency Options Rs 0 Rs 20 per executed order
Commodity Futures Rs 0
Commodity Options Rs 0
Special Offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

Finvasia Charges Vs SAMCO

Minimum Brokerage Rs 0 Rs 0
Other Charges Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges Rs 0 Rs 20 per executed order
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Finvasia Vs SAMCO Transaction Charges

Finvasia transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while SAMCO exchange transaction charges for options is NSE Rs 5000 per crore | BSE Rs 1 per trade (each side).

  Finvasia SAMCO
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side) NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side) NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side) NSE Rs 190 per crore | BSE Rs 1 per trade (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 5000 per crore | BSE Rs 1 per trade (each side)
Currency Futures Rs 115 per Cr (0.00115%) NSE Rs 110 per crore (0.0011%)
Currency Options Rs 4000 per Cr (0.04%) (on premium) NSE Rs 4000 (on premium) per crore (0.040%)
Commodity Rs 260 per Cr (0.0026%) Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore
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Finvasia Vs SAMCO Leverage (Margin)

Finvasia margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the SAMCO margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Finvasia SAMCO
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Finvasia and SAMCO Features

The trading platforms offered Finvasia include Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto. SAMCO offers OMNESYS NEST, StockNote trading software.

  Finvasia SAMCO
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto OMNESYS NEST, StockNote
Intraday Square-off Time 3:15 PM 3:15 PM
Other Features Asset management, Investment Banking, Advisory, and Currency hedging. Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program
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Finvasia Vs SAMCO Review

Finvasia is rated 4.6 of 5 based on 40 customer reviews whereas SAMCO is rated 3.3 of 5 based on 20 customer reviews.

  Finvasia SAMCO
  40 Customer Reviews    Rate Finvasia 20 Customer Reviews    Rate SAMCO
Fees 4.7 3.5
Brokerage 4.9 3.9
Trading Platform 3.6 2.8
Customer Service 4.5 3.3
Research Capabilities 2.9 2.6
Overall Ratings Rated 4.6 stars Rated 3.3 stars
Broker Rating Finvasia is rated 4.6 of 5 based on 40 customer reviews SAMCO is rated 3.3 of 5 based on 20 customer reviews
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Contact Broker / Request A Call Back

  Finvasia Enquire SAMCO Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer
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Finvasia Vs SAMCO Investment Options

  Finvasia SAMCO
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD No
Debt No No
Other Investment Options
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Finvasia Vs SAMCO Order Type Offered

  Finvasia SAMCO
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Finvasia Vs SAMCO Research Report

  Finvasia SAMCO
Daily Market Report Yes No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Finvasia Vs SAMCO Suitable For Investor Type

  Finvasia SAMCO
Casual Investor
Active Investor Yes
Trader Yes Yes
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Finvasia Vs SAMCO - Pros and Cons

  Finvasia SAMCO
Pros
  • Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform.
  • Doesn't charge any trade clearing charges.
  • A variety of trading platforms are available for the trader to choose from.
  • Provides trading API and support Algo trading tools.
  • Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients.
  • Call & trade is available for free to all the customers.
  • GTC orders are available in MCX.
  • A technology-driven stockbroker with significantly fewer overheads.
  • Flat Rs 20 per trade low-cost trading across segments.
  • Instant paperless online account opening process.
  • Margin products available for delivery margin and margin against shares.
  • StockNote, a mobile trading app with personalized news, managed alerts, advanced charts, and watch list with any number of shares.
  • Guest user for mobile app StockNote which allows you to check the app even before you becomes a customer.
  • Advance order types i.e. bracket order and cover order with up to 33 times leverage
  • Free 'NEST Trader' install-able trading terminal for frequent traders.
Cons
  • Scalpter, the web-based trading platform has only 1 min charting frame.
  • Bracket orders are chargeable.
  • NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
  • GTC orders are not available at NSE and BSE.
  • Finvasia is an online stock broker. It doesn't have branch offices.
  • Doesn't offer a 3-in-1 account.
  • Doesn't offer margin funding.
  • Leverage offered is on the lower side in comparison with other discount brokers.
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
Reviews
Promo / 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.

Get the Special Offer

Enquire FinvasiaEnquire SAMCO

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