41.41% 72,728 Clients
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 Direct or Sharekhan saves over 60% in commission and taxes.
SAMCO is a Pay Per Order Brokerage offering simple flat rate trading at Rs 20 per executed order. The brokerage charged is irrespective of the size of the trade, exchange or segment. SAMCO doesn't charge any Minimum Brokerage.
SAMCO gives higher leverage for trading in comparison to other discount brokers. Over 500 stocks are available for Equity Intraday trading with up to 15x leverage. Cover Order (CO) and Bracket Order's (BO) are available with up to 33x exposure.
SAMCO broker's key offering is the Margin Products including CashPlus, StockPlus, and InstaPlus.
Read SAMCO Margin Funding - CashPlus, StockPlus & IntraPlus Explained in Detail
All trading platforms include an install-able trading terminal (SMACO Trader), trading website (SAMCO Xpress Web) and mobile trading app (StockNote) are available for free of cost to all its customers.
Following are unique selling points of SAMCO Brokerage Services:
SAMCO has 2 limited time special offers running at this time.
Open trading and demat account at absolutely no cost. The account opening fee is waived for limited period of time.
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.
SAMCO Charges |
EQUITY Delivery |
EQUITY Intraday |
---|---|---|
Brokerage |
Rs 20 per executed order or 0.2% whichever is lower |
Rs 20 per executed order or 0.02% of gross turnover whichever is lower |
0.1% on both Buy and Sell |
0.025% on the Sell Side |
|
Transaction / Turnover Charges |
NSE Rs 325 per crore | BSE Rs 1 per trade (each side) |
NSE Rs 325 per crore | BSE Rs 1 per trade (each side) |
Goods and Services Tax (GST) |
18% on (Brokerage + Transaction Charge) |
18% on (Brokerage + Transaction Charge) |
SEBI Charges |
Rs 5/Crore |
Rs 5/Crore |
Stamp Charges* |
State wise |
State wise |
SAMCO F&O Brokerage |
Futures |
Options |
---|---|---|
Brokerage |
Rs 20 per executed order or 0.02% of gross turnover whichever is lower |
Rs 20 per executed order or 0.02% of notional turnover whichever is lower |
0.01% on Sell Side |
0.05% on Sell Side(on Premium) |
|
Transaction / Turnover Charges |
NSE Rs 190 per crore | BSE Rs 1 per trade (each side) |
NSE Rs 7500 per crore | BSE Rs 1 per trade (each side) (on premium) |
Goods and Services Tax (GST) |
18% on (Brokerage + Transaction Charge) |
18% on (Brokerage + Transaction Charge) |
SEBI Charges |
Rs 5/Crore |
Rs 5/Crore |
Stamp Charges* |
State wise |
State wise |
SAMCO Charges |
Currency Futures |
Currency Options |
Commodity |
---|---|---|---|
Brokerage |
Rs 20 per executed order or 0.02% of gross turnover whichever is lower |
Rs 20 per executed order or 0.02% of notional turnover whichever is lower |
Rs 20 per executed order or 0.02% of gross turnover whichever is lower |
No STT |
No STT |
0.01% on Sell Side (Non-Agri) |
|
Transaction / Turnover Charges |
NSE Rs 110 per crore (0.0011%) |
NSE Rs 4000 (on premium) per crore (0.04%) |
Non-Agri Rs 260 (0.0026%) | Agri Rs 175 per Crore (0.00175%) |
Goods and Services Tax (GST) |
18% on (Brokerage + Transaction Charge) |
18% on (Brokerage + Transaction Charge) |
18% on (Brokerage + Transaction Charge) |
SEBI Charges |
Rs 5/Crore |
Rs 5/Crore |
Rs 5/Crore |
Stamp Charges* |
State wise |
State wise |
State wise |
STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
Stamp Duty for all states in India and NRIs: *: Charged based on the state where customer lives.
Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
SEBI Charges: This is charged at Rs 5 per Crore.
Other Charges (SAMCO Hidden Fees):
SAMCO provides Demat Account through its membership with CDSL. SAMCO's charges for demat account transitions are:
ID |
Transaction |
Charges |
---|---|---|
1 |
Demat Account Opening Charges |
Rs 0 |
2 |
Stamp Charges payable upfront (at actual) |
Rs 50 |
3 |
Annual Maintenance Charges (AMC): |
|
|
a. Individuals |
Rs 400 Per Year + GST (Payable upfront every year) |
|
b. Corporates |
Rs 800 + GST (Payable upfront every year) |
4 |
Transaction Charges per ISIN (Market Trades): |
|
|
a. Buy (Receive) |
Rs 0 |
|
b. Sell (Debit) |
Rs 10 (including CDSL Fee) |
5 |
Inter Depository Transfer (Off-Market Trades): |
|
|
a. Buy (Receive) |
NIL |
|
b. Sell(Debit) |
0.02% or Rs 25 whichever is higher (including CDSL Fee) |
6 |
Demat (Per certificate) |
Rs 10 + Rs 50 Courier charges |
7 |
Remat (Per ISIN) |
CDSL Charges + Rs 50 Courier charges |
8 |
Courier charges per Demat/ Remat request |
Rs 50 |
9 |
Pledge per ISIN |
Rs 60 (Including CDSL Charges) |
10 |
Unpledge per ISIN |
Rs 60 (Including CDSL Charges) |
11 |
Pledge Invocation per ISIN |
Rs 60 (Including CDSL Charges) |
Visit SAMCO Brokerage Charges Review for more detail.
For online trading with SAMCO, you have to open an account with them. Following are the ways to open an account with SAMCO:
Samco offers an online trading platform to its customers for trading in stock market. All trading applications are available for free to its customer.
SAMCO Trader is an install-able trading terminal for Windows computers. The SAMCO trade is a re-branded NEST Trader. The NEST is a leading trading platform by Thomson Reuters owned company Omnysis. Most traders in India are well versed with this trading software as it is offered by many other brokers. It is robust, stable and user-friendly trading terminal designed for the high-frequency trader.
StockNote is a free mobile app for trading at BSE, NSE, and MCX. The feature-rich trading app on mobile is simple, handy and fast. The app also offers live news, alerts, streaming quotes, market watch, and charts.
SAMCO Web Xpress is a website based trading application. It can be accessed through any web browser from any operating system. This trading website has all the features a trader need for trading. It offers full market watch, charting, advanced order types like brackets and cover orders, super fast order placements, and much more for trading at BSE, NSE, and MCX. Web Xpress is available for free to all its customers.
SAMCO STAR is a back-office website. You could check account statements, analyze the trades, manage the funds, check demat holding, and pledge/unpledge holdings,
Customers who are not online; can use Call & Trade service for an additional cost of Rs 20 per executed order. The confirmation of orders placed through Call & Trade is sent to customers email address and phone number intently.
Visit SAMCO Trading Software Review for more detail.
Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer
The following are the advantages of SAMCO. You must read SAMCO advantages and disadvantages before opening an account with SAMCO. SAMCO pros and cons help you find if it suits your investment needs.
The following are the cons of SAMCO. Check the list of SAMCO drawbacks.
SAMCO leverage for intraday, delivery, options, currency and commodities.
Segment | Margin |
---|---|
Equity Delivery | Up to 4x |
Equity Intraday | Normal Orders: 3x to 15x | CO & BO: Up to 33x |
Equity Future | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Equity Options | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Future | Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Currency Options | Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
Commodity Future | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
Commodity Options |
Visit SAMCO Margin Review for more detail.
Overall Rating | ![]() |
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Brokerage | ![]() |
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Based on 17 Votes by SAMCO Customers
Do you trade with SAMCO? Rate SAMCO
The number of SAMCO customer complaint received by the exchanges. The SAMCO consumer complaint report helps understanding the SAMCO Securities Limited quality and relibility of service.
Exchange | Financial Year | Number of Clients* | Complaints** | % |
---|---|---|---|---|
NSE | 2020-21 | 72,728 | 66 | 0.09% |
BSE | 2020-21 | 12,430 | 2 | 0.02% |
NSE | 2019-20 | 51,432 | 41 | 0.08% |
BSE | 2019-20 | 12,396 | 2 | 0.02% |
NSE | 2018-19 | 38,901 | 21 | 0.05% |
BSE | 2018-19 | 8,182 | 2 | 0.02% |
NSE | 2017-18 | 29,595 | 22 | 0.07% |
BSE | 2017-18 | 11,907 | 2 | 0.02% |
NSE | 2016-17 | 18,176 | 19 | 0.1% |
BSE | 2016-17 | 5,438 | 4 | 0.07% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit SAMCO Complaints at BSE, NSE and MCX for detail report.
Equity futures - 50% of NRML(Normal) margin
Index futures - 40% of NRML(Normal) margin
Cover Order - Up to 33x
Bracket Order - Up to 33x
Currency futures - 50% of NRML(Normal) margin
Cover Order - Up to 100x
Bracket Order - Up to 100x
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Ratings:
Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Above Average
Overall Experience - Average