IIFL Securities Vs SAMCO (Compare IIFL Securities and SAMCO)

IIFL Securities Vs SAMCO

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in , SAMCO is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

	IIFL Securities	SAMCO
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX
Year of Incorporation	1996
Number of Branches	900
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IIFL Securities Vs SAMCO Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while SAMCO account opening changes is Rs 0 (Free). IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and SAMCO Demat Account AMC Charges is Rs 400.

	IIFL Securities	SAMCO
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 250 (Free for 1st year)	Rs 400

IIFL Securities Vs SAMCO Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.

	IIFL Securities	SAMCO
Account Type	iServe	Standard
Fixed Charges	NA	NA
Equity Delivery	Rs 0 (Free)	Rs 20 per executed order
Equity Intraday	Rs 20 per order	Rs 20 per executed order
Equity Futures	Rs 20 per order	Rs 20 per executed order
Equity Options	Rs 20 per order	Rs 20 per executed order
Currency Futures	Rs 20 per order	Rs 20 per executed order
Currency Options	Rs 20 per order	Rs 20 per executed order
Commodity Futures	Rs 20 per order
Commodity Options	Rs 20 per order
Special Offer	Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.	Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

IIFL Securities Charges Vs SAMCO

Minimum Brokerage		Rs 0
Other Charges	Advisory SMS - Rs 50 per month
Call & Trade Charges	Rs 50 per call	Rs 20 per executed order

IIFL Securities Vs SAMCO Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while SAMCO exchange transaction charges for options is NSE Rs 5000 per crore | BSE Rs 1 per trade (each side).

	IIFL Securities	SAMCO
Equity Delivery	Rs 325 per Cr (0.00325%)	NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Intraday	Rs 325 per Cr (0.00325%)	NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Futures	Rs 210 per Cr (0.0021%)	NSE Rs 190 per crore | BSE Rs 1 per trade (each side)
Equity Options	Rs 5100 per Cr (0.051%) (on premium)	NSE Rs 5000 per crore | BSE Rs 1 per trade (each side)
Currency Futures	Rs 210 per Cr (0.0021%)	NSE Rs 110 per crore (0.0011%)
Currency Options	Rs 5100 per Cr (0.051%) (on premium)	NSE Rs 4000 (on premium) per crore (0.040%)
Commodity	Group A - Rs 280 per Cr (0.0028%)	Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore
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IIFL Securities Vs SAMCO Leverage (Margin)

IIFL Securities 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.

	IIFL Securities	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 IIFL Securities and SAMCO Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. SAMCO offers OMNESYS NEST, StockNote trading software.

	IIFL Securities	SAMCO
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App	OMNESYS NEST, StockNote
Intraday Square-off Time		3:15 PM
Other Features		Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program
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IIFL Securities Vs SAMCO Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas SAMCO is rated 3.3 of 5 based on 20 customer reviews.

	IIFL Securities	SAMCO
	118 Customer Reviews	20 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.7 of 5 based on 118 customer reviews	SAMCO is rated 3.3 of 5 based on 20 customer reviews

IIFL Securities Vs SAMCO Investment Options

	IIFL Securities	SAMCO
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

IIFL Securities Vs SAMCO Order Type Offered

	IIFL Securities	SAMCO
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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IIFL Securities Vs SAMCO Research Report

	IIFL Securities	SAMCO
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IIFL Securities Vs SAMCO Suitable For Investor Type

	IIFL Securities	SAMCO
Casual Investor
Active Investor
Trader

IIFL Securities Vs SAMCO - Pros and Cons

	IIFL Securities	SAMCO
Pros	Full-service broker offering quality research and recommendations. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat). Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. IIFL Securities is a publicly-traded company listed at BSE and NSE.	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		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	Free Equity Delivery Trading + Free Account Opening Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O + Trade with the best rated mobile trading app. This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.	SAMCO has 2 limited time special offers running at this time. 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. 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
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