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SAMCO Stock Trading, Demat, Brokerage and Reviews 2021

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 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 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:

Visit SAMCO Brokerage Charges Review for more detail.

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.

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.

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.

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SAMCO Ratings

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

Based on 20 Votes by SAMCO Customers

Do you trade with SAMCO? Rate SAMCO

* 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

SAMCO Reviews

• SAMCO Charges Review
• SAMCO Mobile App Review
• SAMCO Account Opening Process Review
• SAMCO Demat Account Review
• Apply in IPO through SAMCO
• SAMCO Branch Offices / Sub Brokers / Franchise
• SAMCO Trading Software Review
• SAMCO NRI Account Review
• SAMCO Mutual Fund Review
• Is SAMCO safe for trading and long term investment?
• SAMCO API Review (Algo Trading)
• SAMCO Complaint Monitor
• SAMCO FAQs

• SAMCO Margin Funding - CashPlus, StockPlus & IntraPlus Explained
• Stock Basket by SAMCO Securities
• SAMCO Securities Options Trading Review