Chittorgarh.com Logo
FREE Account Opening + No Clearing Fees + Rs 999 API Access
Loading...

SAMCO Stock Trading, Demat, Brokerage and Reviews 2022


3.45% 79,835 Clients

SAMCO Securities is a Mumbai-based online discount broking firm offering to trade and invest online in stocks, Equity Derivatives, Currency Derivatives, Commodity, Mutual Funds, and IPO.

Incorporated in 2015, SAMCO is known for its ultra-low brokerage, unique margin products, and free trading software. SAMCO is also popular for offering StockBasket, a tool to invest in an expert-selected basket of stocks selected based on 25+ stock rating parameters. The customers who move from traditional brokers like ICICI Direct or Sharekhan save over 60% in commission and taxes.

SAMCO is a SEBI registered stockbroker, research analyst, and a member of NSE, BSE, MCX, and NCDEX. The company has a depository participant membership of CDSL. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products.

SAMCO has a simple, standard, and flat brokerage model that charges Rs 20 or 0.2% of the transaction value (whichever is lower) in the case of Equity Delivery trades and a lower of 0.02% of transaction value or Rs 20 per order for all other segments. The account opening at SAMCO is free with zero maintenance charges for the first year. Moreover, SAMCO also offers 100% brokerage cashback for the first month.

SAMCO offers advanced and reliable trading platforms to trade across various products through web, mobile, and desktop software. SAMCO maintains a Stock Market library and educative blogs related to the capital market basics, market insights, tax management, and much more that create investor awareness and help them make informed and better investment decisions.

SAMCO provides higher and unique leverage products for trading in comparison to other discount brokers. SAMCO's Leverage Products include CashPlus, StockPlus, BTPT, and OptionPlus.

  1. CashPlus gives customers up to 4X equity delivery leverage on 400+ stocks at a yearly subscription fee of Rs 1000. and an interest cost of 0.05% per day.
  2. StockPlusgives customers margin against shares for intra-day or positional trade in Equity Derivatives and Currency Derivatives without the need to maintain any cash balance. You can utilize the holdings in your Demat account to get the margin. Unlike other brokers, customers do not have to maintain a 50-50 cash collateral ratio. A trader can trade with Rs 0 balance in his trading account by pledging shares.
  3. BTPT (Buy Today Pay in Two Days) provides customers the flexibility to pay for the acquired shares within two days from the date of purchase.

Why SAMCO?

Following are unique selling points (USP) of SAMCO Brokerage Services:

  • Free Trading and Demat account opening.
  • Margin against Shares: Trade with ZERO Cash Balance.
  • Zero Demat AMC for the first year.
  • 100% brokerage cashback for the first month.
  • Exclusive access to StockBasket tool.

SAMCO Special Offers

Free Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year

  • Free Account Opening
  • 100% free brokerage for 1st month
  • Free Demat AMC for 1st Year
  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.

It is a limited-time offer. Open Instant Account online and start trading the same day.


SAMCO Charges 2022

SAMCO Account opening charges

SAMCO offers free account opening with Rs 0 Demat AMC for the first year.

Charge Head Charges
Trading & Demat Account Opening Rs 0
Demat Account AMC (yearly) Rs 400

SAMCO Brokerage Charges

SAMCO follows a fixed brokerage model wherein it charges a maximum of Rs 20 per executed order across all segments including Equity Delivery.

Trading Segment Brokerage Charges
Equity Delivery Rs 20 per trade or 0.20% (whichever is lower)
Equity Intraday Rs 20 per trade or 0.02% (whichever is lower)
Equity Future Rs 20 per trade or 0.02% (whichever is lower)
Equity Options Rs 20 per trade or 0.02% (whichever is lower)
Currency Futures Rs 20 per trade or 0.02% (whichever is lower)
Currency Options Rs 20 per trade or 0.02% (whichever is lower)
Commodity Futures Rs 20 per trade or 0.02% (whichever is lower)
Commodity Options Rs 20 per trade or 0.02% (whichever is lower)

Note:

  • You are also required to pay other transaction charges, regulatory charges, and Demat chargesin addition to the brokerage.
  • Call & Trade charges are Rs 20 per executed order.
  • SAMCO also offer premium brokerage plan are VIP subscription plans. For more details on these plans, visit the SAMCO Brokerage Review page.

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. Open Instant Account online with SAMCO and start trading today.

SAMCO Online Account Opening

For online trading with SAMCO, the investor has to open an account. Fill in an online account opening form to open an account instantly.

SAMCO offers a digital account opening facility to its customers. It is a simple, instant, and 100% paperless process. The account opening at SAMCO is free with zero maintenance charges for the first year.


SAMCO Trading Software (SAMCO Trading Platforms)

SAMCO offers a wide range of online trading platforms. All trading applications are available for free.

  1. StockNote (Mobile Trading App)

    StockNote is a 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.

  2. StockNote Web (Trading Website)

    StockNote Web is a web browser-based trading software. It is accessible through any web browser from any operating system. This trading website has all the features a trader needs for trading. It offers full market watch, charting, advanced order types like brackets and cover orders, super-fast order placements, and many more features for trading at BSE, NSE, and MCX.

  3. Nest Trader (Desktop trading application)

    Nest Trader is an installable trading terminal with a high-speed, robust, stable, and user-friendly desktop trading platform designed for high-frequency traders.

  4. StockBasket

    StockBasket recommends a readymade basket of stocks based on expert advice and an in-built intelligent evaluation system for long-term investments. StockBasket helps investors create long-term wealth to achieve their financial goals.

  5. KyaTrade

    KyaTrade is a trade recommendation platform by SAMCO that provides real-time trading and investment ideas. The in-built intelligent risk management system in KyaTrade lowers the unnecessary risk by suggesting entry and exit points.

  6. StockNote Trading APIs

    StockNote APIs is a set of simple and powerful trading APIs offered by SAMCO to build/customize your own trading platform and assist Algo trading. Read SAMCO API review for more details.

  7. RankMF (Mutual Fund Investment platform)

    RankMF is a Mutual Fund investment platform by SAMCO available in mobile app and web versions. RankMF is a feature-rich mutual fund investing platform that recommends the best mutual funds, helps evaluate the portfolio, achieves financial goals, etc.

  8. Samco Star (Back-office)

    Samco Star is the back-office platform of SAMCO. You can check account statements, analyze the trades, manage the funds, check Demat holding, pledge/unpledge holdings, and much more.

  9. SAMCO Call & Trade

    The Call & Trade facility offered by SAMCO helps place orders over a phone call in case of any issues in placing online orders at a charge of Rs 20 per executed order. SAMCO instantly sends the order confirmation to the customer's email address and phone number for the orders placed using this facility.

 

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.

  • Flat Rs 20 per trade brokerage across all segments at BSE, NSE, and MCX.
  • Excellent margin products are available for traders.
  • Free Instant paperless account opening.
  • Free 1st year Demat AMC (Rs 400 per year after that).
  • 100% Brokerage cashback for the first month.
  • Research and Recommendation.
  • Advanced, reliable, and free trading software.
  • Add-on products like StockBasket, KyaTrade, and RankMF are available.

SAMCO Cons (Disadvantages)

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

  • Charge Rs 20 per trade for Equity Delivery trades which is offered free by most online brokers.
  • Higher Demat AMC (Rs 400 per year).
  • No branch support.
  • Do not offer NRI Trading services.
  • Monthly unlimited trading plans are not available.
  • High Demat charges for pledge Creation, Closure, and Invocation as compared to other brokers.
  • Call & trade is available at an extra fee of Rs 20 per executed order.
  • Only one trading platform can be accessed at a time.
  • Add-on products like StockBasket are available at an extra subscription cost.

Open Instant Account with SAMCO

SAMCO Margin Exposure

SAMCO margin for intraday trading is up to 20% of trade value (max 5x leverage) 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.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

SAMCO Ratings

Overall Rating Rated 3.1 stars 3.1/5
Fees Rated 3.4 stars 3.4/5
Brokerage Rated 3.8 stars 3.8/5
Usability Rated 2.6 stars 2.6/5
Customer Service Rated 3.0 stars 3.0/5
Research Capabilities Rated 2.3 stars 2.3/5

Based on 22 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 79,835 40 0.05%
BSE 2021-22 15,589 1 0.01%
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%

* 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'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

Frequently Asked Questions

  1. 1. What is SAMCO Securities?

    Incorporated in 2015, SAMCO is a low-cost online discount broker offering trading and investment in stocks, F&O, Currency and Commodities across BSE, NSE, MCX, and NCDEX exchanges. It also offers IPO, Mutual Funds and Demat account.

    The company also offers paid research services and margin funding, loan against shares, and other financial products through its NBFC arm.

    SAMCO USPs are:

    • The brokerage of flat Rs 20 per order across all segments and irrespective of order size.
    • Free paperless account opening.
    • 100% brokerage cashback for the 1st month
    • Delivery funding of up to 4x to hold shares as long as you wish.
    • BTPT (Buy Today, Pay in 2 Days)

     

     

  2. 2. How is SAMCO broker?

    SAMCO is a low-cost online broker with the free account opening and unique leverage products. SAMCO has a simple pricing model with a maximum brokerage of flat Rs 20 per order across all segments.

    SAMCO is a trustedSEBI registered stockbroker and a Research Analyst. The company is a member of NSE, BSE, MCX, and NCDEX and a depository participant membership with CDSL.

    SAMCO also provides margin funding, loan against shares, high exposure, trading ideas, research services, and other financial products. SAMCO offers advanced and powerful trading platforms in web, mobile, and desktop versions.

    Overall, SAMCO is a good broker with an investor-centric approach.

     

     

  3. 3. Does SAMCO provide research tips?

    Yes, SAMCO provides paid research tips and trading ideas through its trade recommendation platform - KyaTrade.

    KyaTrade has an in-built risk management system that defines the stop-loss targets, suggests entry and exit points, and sizes your position based on your investment capacity.

    KyaTrade services are available with an annual subscription of Rs 9000 per year for the Intraday plan and Rs 6000 per year for the Investment plan with a 100% refund guarantee of your subscription fees if you do not make money based on KyaTrade recommendations.

    SAMCO offers a starter trial pack of KyaTrade at Re.1 for the first month.

     

     


98 Comments

98. Kashif Khan  Nov 9, 2021 12:19:25 PM I Like It. | Report Abuse Reply
The only thing good about this discount broker, just like other discount brokers is low brokerage, but that you'll find everywhere now days, whats bad here is everything else, right from their product experience to research capabilities are extremely bad, they claim their research is market out performer, LOL as any Samco client and you'd know how lame they are, to top their SCHOOL BOY research their product experience is extremely appalling, I mean, its just BAD, my humble suggestion guys, DON'T EVEN LOOK AT SAMCO as an option, stick to the regulars like Zerodha or 5Paisa, in fact 5paisa offerings are so much better than this jholu Samco

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
97. Rajesh Tayal  Oct 13, 2021 6:21:59 PM I Like It. | Report Abuse Reply
User unfriendly app , poor customer service.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
96. Rajeev  Sep 3, 2021 11:41:16 PM I Like It. | Report Abuse Reply
It's customer care service is very excellent.
Stock note app is very friendly to use. It also provide stock ratings.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
95. Ganesh  Jul 27, 2021 12:00:26 PM 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
94. Shachi  Jul 21, 2021 7:52:22 PM 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
93. Devang Doshi  Jun 10, 2021 4:14:55 AM 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
92. GANESH ACHARYA  May 14, 2021 2:01:21 PM 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
91. Shivam Khare  May 8, 2021 8:50:24 PM 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
90. Piyusb  Dec 18, 2020 4:40:00 PM 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
89. Rakesh Goel  Jul 28, 2020 11:32:54 AM 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.
89.1. Priyadarshan  Nov 22, 2020 6:40:59 PM 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.
88. Thenmozhi  Nov 15, 2020 7:07:22 AM 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
87. Shiv Kumar moth  Sep 26, 2020 3:41:47 PM 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
86. Himmat  Aug 3, 2020 6:47:17 PM 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.
85. Sree G  Jul 31, 2020 10:49:50 PM 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
84. Huyryd  Jun 10, 2020 5:14:23 PM 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
83. rajshegaran  May 22, 2020 12:46:53 PM I Like It. | Report Abuse Reply
Is there is guest loging for desktop computer
82. Munish Kumar  May 13, 2020 1:16:13 AM 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.
81. Lakshmi Nair  Feb 26, 2020 11:05:48 AM 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
80. DEEPAK  Feb 20, 2020 12:53:12 PM 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
79. PARAS  Jan 6, 2018 5:59:01 PM 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.
79.1. ketan  Jan 8, 2019 12:12:11 AM I Like It. | Report Abuse
Dear Paras
You are correct.The website is not safe

Are you a Zerodha Customer?