TradeSmart Vs SAMCO (Compare TradeSmart and SAMCO)


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services 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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TradeSmart Vs SAMCO

Incorporated in 1994, TradeSmart 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.

  TradeSmart SAMCO
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 1994
Number of Branches 1
Open an Online Trading Account with TradeSmart.Open an Online Trading Account with SAMCO.
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TradeSmart Vs SAMCO Charges & AMC

TradeSmart trading account opening charges is Rs 200 while SAMCO account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and SAMCO Demat Account AMC Charges is Rs 400.

  TradeSmart SAMCO
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 400
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TradeSmart Vs SAMCO Brokerage Charges & Plans

TradeSmart Vs SAMCO Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas SAMCO brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.

  TradeSmart SAMCO
Account Type Power Plan Standard
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 20 per executed order
Equity Intraday Rs 15 per order Rs 20 per executed order
Equity Futures Rs 15 per order Rs 20 per executed order
Equity Options Rs 15 per order Rs 20 per executed order
Currency Futures Rs 15 per order Rs 20 per executed order
Currency Options Rs 15 per order Rs 20 per executed order
Commodity Futures Rs 15 per order
Commodity Options Rs 15 per order
Special Offer
Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart 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

TradeSmart Vs SAMCO Brokerage Plan 2

  TradeSmart SAMCO
Account Type Value Plan Standard
Fixed Charges NA
Equity Delivery 0.07% Rs 20 per executed order
Equity Intraday 0.007% Rs 20 per executed order
Equity Futures 0.007% Rs 20 per executed order
Equity Options Rs 7 Per Lot Rs 20 per executed order
Currency Futures 0.007% Rs 20 per executed order
Currency Options Rs 7 Per Lot Rs 20 per executed order
Commodity Futures 0.007%
Commodity Options Rs 7 Per Lot
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TradeSmart Charges Vs SAMCO

Minimum Brokerage Rs 15 per executed order Rs 0
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 20 per executed order Rs 20 per executed order
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TradeSmart Vs SAMCO Transaction Charges

TradeSmart transaction charges for options is 0.0715% while SAMCO exchange transaction charges for options is NSE Rs 5000 per crore | BSE Rs 1 per trade (each side).

  TradeSmart SAMCO
Equity Delivery 0.0035% NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Intraday 0.0035% NSE Rs 325 per crore | BSE Rs 1 per trade (each side)
Equity Futures 0.0024% NSE Rs 190 per crore | BSE Rs 1 per trade (each side)
Equity Options 0.0715% NSE Rs 5000 per crore | BSE Rs 1 per trade (each side)
Currency Futures 0.00165% NSE Rs 110 per crore (0.0011%)
Currency Options 0.06% NSE Rs 4000 (on premium) per crore (0.040%)
Commodity 0.0039% Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore
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TradeSmart Vs SAMCO Leverage (Margin)

TradeSmart 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.

  TradeSmart 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 TradeSmart and SAMCO Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. SAMCO offers OMNESYS NEST, StockNote trading software.

  TradeSmart SAMCO
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform NEST, NOW, Spin OMNESYS NEST, StockNote
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15 PM
Other Features Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program Yes
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TradeSmart Vs SAMCO Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas SAMCO is rated 3.3 of 5 based on 20 customer reviews.

  TradeSmart SAMCO
  67 Customer Reviews    Rate TradeSmart 20 Customer Reviews    Rate SAMCO
Fees 3.8 3.5
Brokerage 4.4 3.9
Trading Platform 3.8 2.8
Customer Service 4.0 3.3
Research Capabilities 2.7 2.6
Overall Ratings Rated 4.0 stars Rated 3.3 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews SAMCO is rated 3.3 of 5 based on 20 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire SAMCO Enquire
Contact Broker Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart 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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TradeSmart Vs SAMCO Investment Options

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

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

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

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

  TradeSmart SAMCO
Pros
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most 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
  • Call and Trade is charged at extra Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
Reviews Useful Articles:
Promo / Offers

Flat Rs 15 per trade

  • Flat Rs 15 per trade across all segments +
  • Get Margin against your shares +
  • API for alog trading.

This is a limited-time offer. Open Instant TradeSmart 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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