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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.
Following are unique selling points (USP) of SAMCO Brokerage Services:
It is a limited-time offer. Open Instant Account online and start trading the same day.
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 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:
Visit SAMCO Brokerage Charges Review for more detail.
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 offers a wide range of online trading platforms. All trading applications are available for free.
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.
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.
Nest Trader is an installable trading terminal with a high-speed, robust, stable, and user-friendly desktop trading platform designed for high-frequency traders.
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.
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.
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.
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.
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.
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.
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 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.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
| Overall Rating |  3.1/5 |
| Fees |  3.4/5 |
| Brokerage |  3.8/5 |
| Usability |  2.6/5 |
| Customer Service |  3.0/5 |
| Research Capabilities |  2.3/5 |
Based on 22 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 | 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.
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:
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.
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.
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Ratings:
Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor