IIFL Securities Vs SAMCO (Compare IIFL Securities and SAMCO)


IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities 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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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
Open an Online Trading Account with IIFL Securities.Open an Online Trading Account with SAMCO.
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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
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IIFL Securities Vs SAMCO Brokerage Charges & Plans

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
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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 No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
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    Rate IIFL Securities 20 Customer Reviews    Rate SAMCO
Fees 2.8 3.5
Brokerage 2.6 3.9
Trading Platform 3.2 2.8
Customer Service 2.7 3.3
Research Capabilities 3.3 2.6
Overall Ratings Rated 2.7 stars Rated 3.3 stars
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
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Contact Broker / Request A Call Back

  IIFL Securities Enquire SAMCO Enquire
Contact Broker 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. 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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IIFL Securities Vs SAMCO Investment Options

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

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

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

  IIFL Securities SAMCO
Casual Investor
Active Investor Yes
Trader Yes Yes
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IIFL Securities Vs SAMCO - Pros and Cons

  IIFL Securities SAMCO
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. 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.

  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

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