SAMCO Stock Trading, Demat, Brokerage and Reviews 2021


2.75% 79,293 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.

  1. CashPlus gives customers up to 4X equity delivery leverage on 300+ stocks at an interest cost of 0.05% per day. In other words, with Rs 1 lakh in your trading account, you could buy shares worth of Rs 4 lakhs. You could also avoid square-off of your position because you go short on margin.
  2. StockPlus gives customers margin against shares for intra-day or delivery trades. You could truly utilize the holdings in your demat account to get the margin. Unlike other brokers, customers do not have to maintain 50-50 cash collateral ratio. A trader can trade with Rs 0 balance in his trading account by pledging shares.
  3. InstaPlus gives customer margin against shares you own to trade intraday.

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.

SAMCO USP (Unique Sales Proposition)

Following are unique selling points of SAMCO Brokerage Services:

  • Delivery Funding: Get up to 4x Delivery Leverage in the Cash Markets
  • Margin Against Shares: Trade with ZERO Cash Balance
  • Lowest Margin Requirement: Get Upto 80x Leverage for Nifty, 33x leverage for stocks 60x for commodity

SAMCO Special Offers

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


SAMCO Charges 2021

  • SAMCO Trading Account Opening Fee: Rs 0 (Free)
  • Demat account Opening Fee: Rs 0 (Free)
  • Trading Account AMC: Rs 0
  • Demat Account AMC: Rs 400 per year (payable upfront)

Trading Brokerages

  • Equity Delivery: 0.20% or Rs 20 per trade whichever is lower
  • Equity Intraday: 0.02% or Rs 20 per trade whichever is lower
  • Equity Future: 0.02% or Rs 20 per trade whichever is lower
  • Equity Options: 0.02% or Rs 20 per trade whichever is lower (on Turnover)
  • Currency Futures: 0.02% or Rs 20 per trade whichever is lower
  • Currency Options: 0.02% or Rs 20 per trade whichever is lower
  • Commodity: 0.02% or Rs 20 per trade whichever is lower
SAMCO Brokerage Charges for Equity Cash & Intraday

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

STT

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 Brokerage Charges for Equity Derivatives

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

STT

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 Brokerage Charges for Currency & Commodity

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

STT

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

SAMCO Charge / Fee Structure:

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):

  • Call & Trade charges: additional Rs 20 per executed order.
  • Physical contact note: Rs 20 per contact (Email contract notes are free)
  • DP charges for delivery based equity selling - Rs 10 per transaction.

SAMCO Demat Account Charges:

SAMCO provides Demat Account through its membership with CDSL. SAMCO's charges for demat account transitions are:

SAMCO Demat Charges

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.

Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

SAMCO Online Account Opening

For online trading with SAMCO, you have to open an account with them. Following are the ways to open an account with SAMCO:

  • Fill an Online Application Form for instant account opening using AADHAAR.
  • Call Samco sales phone line.
  • Visit SAMCO Mumbai office at Elphinstone Road.

SAMCO Trading Software (SAMCO Trading Platforms)

Samco offers an online trading platform to its customers for trading in stock market. All trading applications are available for free to its customer.

  1. SAMCO Trader (Omnesys NEST Trader)

    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.

  2. StockNote (Mobile Trading App)

    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.

  3. SAMCO Web Xpress (Website)

    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.

  4. SAMCO STAR (Bak-office)

    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,

  5. SAMCO Call & Trade

    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.

Contact SAMCO / Request Call Back

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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SAMCO Pros and Cons


SAMCO Pros (Advantages)

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.

  1. Excellent margin products available for traders. You can get margin funding at 0.05% a interest a day. You could also pledge shares in you demat account for extra margin.
  2. Flat Rate Brokerage Plan (Rs 20 per trade) is simple and easy to understand. No hidden charges. Among the cheapest broker in India. It offers pay-as-you-go pricing model. No prepaid monthly charges and no minimum balance requirements.
  3. Equity Intra-day trading is available in over 500+ stocks with up to 15x leverage.
  4. Cover order (CO) and bracket orders (BO) are available to manage risk. Customer get up to 33x margins on these orders.
  5. Trading and Demat Account opening are FREE with SAMCO.
  6. Trading software is available for free to all the customers.
  7. AADHAAR based instant paperless account opening.
  8. You could try StockNote mobile trading app as guest user even before you open an account with SAMCO.

SAMCO Cons (Disadvantages)

The following are the cons of SAMCO. Check the list of SAMCO drawbacks.

  1. Mutual Fund investment is not available.
  2. SAMCO is an online broker. It doesn't have branches for local support.
  3. High Pledge (Creation/Closure/Invocation) demat charges. SAMCO changes Rs 60 per ISIN while brokers like Zerodha charge Rs 32 per ISIN (Rs 20 + Rs 12 CDSL Fee).
  4. Online IPO Application is not available with SMACO.
  5. Call & trade is available at an extra fee of Rs 20 per executed order.

SAMCO Enquiry Form

SAMCO Margin Exposure

SAMCO margin for intraday trading is up to 6x based on the stock. SAMCO F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for SAMCO F&O carry forward positions and equity delivery trades.

SegmentMargin
Equity Delivery1x (no margin)
Equity IntradayUp to 6x (based on the stock)
Equity Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures & OptionsIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity FuturesIntraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.


SAMCO Ratings

Overall Rating Rated 3.3 stars 3.3/5
Fees Rated 3.5 stars 3.5/5
Brokerage Rated 3.9 stars 3.9/5
Usability Rated 2.8 stars 2.8/5
Customer Service Rated 3.3 stars 3.3/5
Research Capabilities Rated 2.6 stars 2.6/5

Based on 20 Votes by SAMCO Customers

Do you trade with SAMCO? Rate SAMCO


SAMCO Complaint

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 2021-22 79,293 15 0.02%
NSE 2020-21 77,173 74 0.1%
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%

* 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.


SAMCO Exposures

  • SAMCO Margin Delivery (Cash): 1x
  • SAMCO Margin Intraday: 3x to 15x leverage. For Cover Orders and Bracket Orders, the leverage available is up to 33x.
  • SAMCO Margin Equity Future Intraday: SAMCO lets clients take MIS (Margin Intraday Squareoff) positions with following margin:

    Equity futures - 50% of NRML(Normal) margin

    Index futures - 40% of NRML(Normal) margin

    Cover Order - Up to 33x

    Bracket Order - Up to 33x

  • SAMCO Margin Currency Future Intraday

    Currency futures - 50% of NRML(Normal) margin

    Cover Order - Up to 100x

    Bracket Order - Up to 100x

  • SAMCO Margin Options - SAMCO doesn't offer any margin for buying Options.

SAMCO's Membership Information

  • SAMCO SEBI Registration ID: INZ000002535
  • SAMCO NSE Member ID: 12135
  • SAMCO BSE Member ID: 935
  • Depository CDSL Member ID: IN-DP-CDSL-443-2008


95 Comments

Ganesh
95. Ganesh  Jul 27, 2021 11:00 I Like It. | Report Abuse Reply
NICE SERVICE AND INTERFACE OF APP

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Shachi
94. Shachi  Jul 21, 2021 18:52 I Like It. | Report Abuse Reply
Very good customer support service.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
Devang Doshi
93. Devang Doshi  Jun 10, 2021 03:14 I Like It. | Report Abuse Reply
Extremely appalling experience, their product is really bad, they want you to believe their baskets and research calls are best in the market where as they're all one cruel joke, customer support is beyond pathetic, they waste money on useless things and not on products. I recently switched from Samco ro 5Paisa and the transition has been really good, 5Paisa doesn't boast like these jokers instead it has a seamless product and quality third party offerings that I'm happy to pay for...don't waste your time with Samco. Choose any other discount broker like Zerodha or 5Paisa.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
GANESH ACHARYA
92. GANESH ACHARYA  May 14, 2021 13:01 I Like It. | Report Abuse Reply
not even a single point is good about samco securities,
worst customer service... calls are not getting connected to samco in crucial times.. they disconnect your calls... very very rude behaviors by customer care

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Shivam Khare
91. Shivam Khare  May 8, 2021 19:50 I Like It. | Report Abuse Reply
Brokerage is cheep Against other, Margin is good, customer service is average, Browser Experian's good , variant of products like cash plus, option plus stock basket and many more products.
I give it 5 star for all segment

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average
Piyusb
90. Piyusb  Dec 18, 2020 15:40 I Like It. | Report Abuse Reply
Apart from restrictions on using MIS during last week of monthly expiry, everything else is fine.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Below Average
Customer Service - Above Average
Overall Experience - Average
Rakesh Goel
89. Rakesh Goel  Jul 28, 2020 10:32 I Like It. | Report Abuse Reply
Poor service ..
They are not allowing to trade options in normal for last week of expiry.. You cannot hedge your position with this broker.
From last 3 months i am facing this issue.
If you trade in options .. do not go for samco. what you trade if you cant trade the option in Normal and only in intraday..

All other brokers like zerodha , angle broking houses providing the same, but samco only works in marketing and not in proper service..


Worst experience.
And they have no solution for that.
Priyadarshan
89.1. Priyadarshan  Nov 22, 2020 17:40 I Like It. | Report Abuse
Hi Rakesh,

Which broker are you using for option trading now? I'm looking for brokers which allow trading final expiry week on stock options without much margin.
Thenmozhi
88. Thenmozhi  Nov 15, 2020 06:07 I Like It. | Report Abuse Reply
I have subscribed for samco option plus service.Instead of deducting one month subscription they deducted 5 month subscription.while contacted ,it took 7days to return the amount.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Average
Shiv Kumar moth
87. Shiv Kumar moth  Sep 26, 2020 14:41 I Like It. | Report Abuse Reply
Everything is perfect
But sometimes the application stock note do not open .

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Above Average
Himmat
86. Himmat  Aug 3, 2020 17:47 I Like It. | Report Abuse Reply
HI I am Samco trader. I share one my experience. I pledge my liquid bees etf and gets collateral of Rs. 200000/. Please not that pledgeing of liquid bees etf is equivalent to cash so no 50:50 ratio required as per SEBI rules. Samco is charging interest on margin used for Future buy or sell even within collateral value Rs. 200000/-. While other brokers like Zerodha and Upstox is not charged for the same.
Sree G
85. Sree G  Jul 31, 2020 21:49 I Like It. | Report Abuse Reply
Samco is not good at all.
Lots of hidden charges.
Margin calculation is not clear.
If you mail them further you have to explain over telephone for resolution.
Smmoth Option trades require another chargeable service.
Simply its wastage of time and money
Huyryd
84. Huyryd  Jun 10, 2020 16:14 I Like It. | Report Abuse Reply
Dislike

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
rajshegaran
83. rajshegaran  May 22, 2020 11:46 I Like It. | Report Abuse Reply
Is there is guest loging for desktop computer
Munish Kumar
82. Munish Kumar  May 13, 2020 00:16 I Like It. | Report Abuse Reply
SAMCO is using old obsolete NEST 3.11 version of 2014. SAMCO is unable to keep pace with the technology and cant even afford latest NEST 3.16 version.

Though they have good support team but if you are using old trading versions then you are at a disadvantage as 3.11 has so many bugs and gliches. Kindly chose wisely. After all it is your hard earned money.
Lakshmi Nair
81. Lakshmi Nair  Feb 26, 2020 10:05 I Like It. | Report Abuse Reply
Stock note mobile app stops functioning frequently and once even an order was mixed up. Also the the customer care executive was unwilling to accept when I tried registering my complaint. They have to do something serious on this.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Below Average
DEEPAK
80. DEEPAK  Feb 20, 2020 11:53 I Like It. | Report Abuse Reply
MOBILE APP, ONLINE SUPPORT,NEVER FAILS SYSTEM DURING TRADING....

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Above Average
PARAS
79. PARAS  Jan 6, 2018 16:59 I Like It. | Report Abuse Reply
I have open A/c in Samco.
Suddenly, i got the message that "your login password" has been reset.
Now, without any request raised by me, it was reset by someone.
It''s clearly shows that, a/c in Samco is not safe. I had also raise query in Samco, escalated on mail but still not getting reply from Samco Team. They are verbally call me but they have no justification for my query till yet.
ketan
79.1. ketan  Jan 7, 2019 23:12 I Like It. | Report Abuse
Dear Paras
You are correct.The website is not safe
Amit
78. Amit  Nov 24, 2019 05:11 I Like It. | Report Abuse Reply
Most useless broker. Not at all reliable. Expert in spamming.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Dinesh Goswami
77. Dinesh Goswami  Oct 18, 2019 12:59 I Like It. | Report Abuse Reply
Customer service is Very poor no one is responding properly and behave as Govt. employee.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Below Average
h.s rana
76. h.s rana  Jul 10, 2019 10:09 I Like It. | Report Abuse Reply
unprofessional staff.. totally harassment.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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