SAMCO Reviews

Headquartered in Mumbai, SAMCO is the best online discount broker in India. Mr. Vipiul Modi is the chairperson and Mr. Jimeet Modi is the CEO of the SAMCO. It is offering flat free online trading at Rs.20/transaction. SAMCO proffers highly developed trading terminals, standardized limits, research & other value added services like Stock Data Bank. SAMCO is the foremost discount broker in India to presents additional research tools, ratings and data sets to assist client’s research stocks.

SAMCO is a technology determined business model with expertise at the forefront of its business operations. Its regular efforts and hallucination are to be the most excellent online discount broker in India and continuously make the fin-tech improvement to develop a client’s wealth creating and buying and selling understanding. In the process, it has made a clean, responsive and energetic customer-centric organization with small overhead costs (like as branches, costly relationship managers(RM) etc which permits to operate at low costs and be lucrative even by presenting these fewer brokerage costs. Also one of the main costs for a traditional full-service broker is commission expenses that are paid to mediators like Authorised Person or Sub-Brokers. In a progressively online world, access to the markets for clients is currently direct and this direct access has permitted to abolish the intermediation expenses of presenting these services and totally pass on the advantage to the client.

Accounts Opening Cost

  • Trading Account Opening Charges – NIL
  • Trading Annual Maintenance Charges – Rs. 400
  • Demat Account Opening Charges – NIL
  • Demat Account AMC – NIL

Brokerage Charges

Account Type Basic Brokerage Plan
Equity Delivery Brokerage Rs 20/executed order or 0.02% whichever is lower
Equity Intraday Brokerage Rs 20/executed order or 0.02% whichever is lower
Equity Futures Brokerage Rs 20/executed order or 0.02% whichever is lower
Equity Options Brokerage Rs 20/executed order or 0.02% whichever is lower
Currency Futures Trading Brokerage Rs 20/executed order or 0.02% whichever is lower
Currency Options Trading Brokerage Rs 20/executed order or 0.02% whichever is lower

 

Transaction Charges

Equity Delivery 0.00325% on Turnover
Equity Intraday 0.0021% on Contract Turnover
Equity Futures 0.053% on Premium Turnover
Equity Options 0.0031% on Contract turnover
Currency Futures Trading: 0, Demat: Rs 300
Currency Options Rs 25 or 0.02% whichever is higher
Commodity Rs 20 per executed order

 

Margin/Exposure

Equity Delivery No leverage for delivery
Equity Intraday Upto 15 times for Intraday,
Equity Futures Upto 2.5 times for intrada
Equity Options Buying no leverage, Shorting up to 2.5 times for intraday
Currency Futures Upto 2.5 times for intraday
Currency Options Buying no leverage, Shorting up to 2.5 times for intraday.
Commodity Upto 2 times for intraday

 

Trading Platform

  • Online Trading Platform – SAMCO Trader
  • Web Trading Platform – SAMCO Trade Xpress
  • Mobile Trading – SAMCO Mobile

Benefits With SAMCO

  • Best Brokerage Services
  • Outstanding Phone Trading facility
  • Paramount Service with Payouts & every done pretty much within time limit
  • Daily trading confirmation calls
  • Email Support Facility
  • Live Chat Facility