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iTradeOnline Vs SAMCO (Compare iTradeOnline and SAMCO)

iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available...

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...

iTradeOnline Vs SAMCO

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

	iTradeOnline	SAMCO
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX
Year of Incorporation
Number of Branches

	Enquire iTradeOnline	Enquire SAMCO

iTradeOnline Vs SAMCO Charges & AMC

iTradeOnline trading account opening charges is Rs 0 (Free) while SAMCO account opening changes is Rs 0 (Free). iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and SAMCO Demat Account AMC Charges is Rs 400.

	iTradeOnline	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	Regular: Rs 0, Lifetime Free AMC: Rs 1000	Rs 0 (Free)
Demat Account AMC Charges	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0	Rs 400

iTradeOnline Vs SAMCO Brokerage Charges & Plans

iTradeOnline Vs SAMCO Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower whereas SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.

	iTradeOnline	SAMCO
Account Type	Pay Per Trade	Standard
Fixed Charges	Rs 0	NA
Equity Delivery	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order
Equity Intraday	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order
Equity Futures	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order
Equity Options	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order
Currency Futures	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order
Currency Options	Rs 20 per executed order or .01% whichever is lower	Rs 20 per executed order
Commodity Futures	Rs 20 per executed order or .01% whichever is lower
Commodity Options
Special Offer	Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback	Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

iTradeOnline Charges Vs SAMCO

Minimum Brokerage	Rs 0 (No Minimum Brokerage)	Rs 0
Other Charges	Physical contact notes: Rs 20
Call & Trade Charges	Rs 0 (Free)	Rs 20 per executed order

iTradeOnline Vs SAMCO Transaction Charges

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

	iTradeOnline	SAMCO
Equity Delivery	NSE Rs 325 per crore \| BSE Rs 1.5/trade (each side)	NSE Rs 325 per crore \| BSE Rs 1 per trade (each side)
Equity Intraday	NSE Rs 325 per crore \| BSE Rs 1.5/trade (each side)	NSE Rs 325 per crore \| BSE Rs 1 per trade (each side)
Equity Futures	NSE Rs 190 per crore (0.0019%)	NSE Rs 190 per crore \| BSE Rs 1 per trade (each side)
Equity Options	NSE Rs 5000 per crore (0.05%)	NSE Rs 5000 per crore \| BSE Rs 1 per trade (each side)
Currency Futures	NSE Rs 90/cr (0.0009%) \| BSE Rs 18/cr (0.00018%)	NSE Rs 110 per crore (0.0011%)
Currency Options	NSE Rs 4000 (on premium) per cr (0.04%) \| BSE Rs 1500	NSE Rs 4000 (on premium) per crore (0.040%)
Commodity	MCX Rs 260/Cr (0.0026%) \| NCDEX Rs 600/cr (0.006%)	Non-Agri Rs 260 (0.0026%) \| Agri Rs 175 per Crore
	Enquire iTradeOnline	Enquire SAMCO

iTradeOnline Vs SAMCO Leverage (Margin)

iTradeOnline 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.

	iTradeOnline	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)
	Enquire iTradeOnline	Enquire SAMCO

Compare iTradeOnline and SAMCO Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. SAMCO offers OMNESYS NEST, StockNote trading software.

	iTradeOnline	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	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.	OMNESYS NEST, StockNote
Intraday Square-off Time	Equity: 3:15 PM, Commodity: 11:15 PM	3:15 PM
Other Features		Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program
	Enquire iTradeOnline	Enquire SAMCO

iTradeOnline Vs SAMCO Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas SAMCO is rated 3.3 of 5 based on 20 customer reviews.

	iTradeOnline	SAMCO
	7 Customer Reviews	20 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews	SAMCO is rated 3.3 of 5 based on 20 customer reviews

Contact Broker / Request A Call Back

	iTradeOnline Enquire	SAMCO Enquire
Contact Broker	Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback Name Phone # Email City Name State Are you a day trader?	Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer Name Phone # Email City Name State Are you a day trader?

iTradeOnline Vs SAMCO Investment Options

	iTradeOnline	SAMCO
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance, Wealth Management

iTradeOnline Vs SAMCO Order Type Offered

	iTradeOnline	SAMCO
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire iTradeOnline	Enquire SAMCO

iTradeOnline Vs SAMCO Research Report

	iTradeOnline	SAMCO
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

iTradeOnline Vs SAMCO Suitable For Investor Type

	iTradeOnline	SAMCO
Casual Investor
Active Investor
Trader

iTradeOnline Vs SAMCO - Pros and Cons

	iTradeOnline	SAMCO
Pros	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.	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	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.	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	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.	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
	Enquire iTradeOnline	Enquire SAMCO

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iTradeOnline	SAMCO
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