Samco Review, Rating and Brokerage Charges

SAMCO Securities

• Zero Balance Trading Account.
• E-Mail Order Tracking System.
• Multi-Market Access.
• Multi-Channel Exchange.
• First 20 Call-N-Trade orders are free.

0.02% to ₹20 per trade

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Some Important Key Points about this Broker:

Broker Name	SAMCO Securities
Official Website Link	https://www.samco.in/
Incorporated | Membership Details	Year: 1993 | SEBI Reg. Nos. INZ000013932 | INZ0000013932 | BSE:EQ,FO,CDS | NSE:CM,FO,CDS | MSEI:EQ,FO,CDS | Depository Participant: CDSL: IN-DP-CDSL-443-2008 | MCX: MCX/TCM/CORP/1326 | NCDEX: NCDEX/TM/CORP/1123
Registered Head Office Address	SAMCO Securities Limited, Plot 66/1, Samruddhi House, Opp. South Indian Gymkhana, Bhaudaji Cross Road, Matunga CR, Mumbai – 19
Customer Care Number and Email	+ 91 22 2222 7777, grievances@samco.in
Supported Exchanges	BSE, NSE, MCX-SX, MCX, NCDEX
CEO & Founders	Jimeet Modi
Instant online A/C Opening ?	Yes
Account Opening Charge	None
Annual Maintenance Charge	₹ 400
Equity Delivery Brokerage	0.2% to ₹20 per trade
Equity Options Brokerage	₹20/trade
Equity & Future Intraday Brokerage	0.02% to ₹20 per trade
Important Brokerage Plans	CashPlus, StockPlus, IntraPlus
Leverage | Exposure Details	Get Leverage up to 80 times to trade the NIFTY
Commodity Brokerage	0.02%- ₹20/trade
Free Equity Investment
DP Transaction Charge	0.02%- ₹20/trade
Available on Platforms	Desktop EXE Platform, Browser, Android, iOS
Other Services Offered by Broker	Mutual Fund Investment Platform also available
Stock Market Education Tutotials	Yes, Video tutorials, PDFs and FAQs available
Currency Future Brokerage	0.2% -₹20/trade
Currency Option Brokerage	₹20/trade
Daily Online Trades Reports	NA
Branch Offices	NA
Call & Trade Charge	Additional Charge of ₹20/request
Other Charges Details (if any)	Requests for Physical contract notes would be charged at ₹20 per contract note plus applicable courier charges
3-in-1 Account	NA
Average Number of Active Clients	5697
Latest Info. on Complaints % at NSE	7 complaints i.e 0.04 % of total Active clients for FY: 2017-18
Stock Market
NRI Investing and trading
Overall Score

Pros

• Intraday and Historical Charts available.
• Track the stocks pledged by promoters quite easily.
• Savings in Brokerage
• Tutorials are quite detailed and helpful for beginners.

Cons

• No option for investment in mutual funds or IPOs.
• No fixed price plans for heavy investors.

SAMCO SECURITIES REVIEW-2020

Established in the year 1993, this is a Mumbai-based trading company was initially known as Samruddhi Stock Brokers Limited. Later in the year 2005, the company was renamed as SAMCO Securities Limited. The name SAMCO stands for a Samruddhi group company. The company deals with almost all of India’s leading stock exchanges including NSE, BSE, MSEI, MCX, and NCDEX. SAMCO aims at providing simple and reliable trading platform for all the people interested in the stock market.

In the year 2015, SAMCO set a whole new trademark by launching the much-talked-about “Indian Trading League”, inspired by the cricketing league of IPL. This is the only real-world commodity, stocks investment, and trading league in India so far.  In 2016, SAMCO went on to become the first Indian discount broker to offer a margin funding facility with its “Cashplus” range of products (discussed in detail below). Instead of taking the regular route like other online brokers, SAMCO makes use of technology in the best possible way to reduce all the extra costs. With no extra branches or paper-based accounting, SAMCO is a class-apart from other brokers and allows you to enjoy fixed and lower brokerage.

Indian Trading League

SAMCO created a major winner when they launched the Indian Trading League into the Indian markets. With the money of investors like Kapil Dev, Siddharth Mehta on the line, this trading league entered its second edition this year (concluded in the month of March 2017). You get the opportunity to win more than 1.5 Crores while also getting a chance to become a Fund Manager nothing less than 1 Million Dollars in Initial Corpus. All you need to do is register yourself, fill out the forms and begin trading and investing.

There are six different formats of this trading game-

• The Traders League
• The Commodities League
• The Investors League
• The Womens League
• The Royale League
• The Students League

SAMCO CashPlus

This product allows various clients to get the best of leverage for each of their Equity Delivery. In other words, the purchase of shares in the Cash Markets, be it NSE or BSE. This kind of policy has been introduced for the first time by any Discount Broker in India.

SAMCO StockPlus

This product is a complete margin in itself against all the shares trading account which provide trading limits against shares for intraday and positional trading in the Equity Derivatives as well as in the Currency Derivatives Segment. StockPlus also works as a Zero Balance Trading account.

SAMCO IntraPlus

This product is a Zero Brokerage Zero Balance Trading Account which is able to provide margins against shares for Intraday Trading in NSE as well as BSE in the Equities and Derivatives Segments. This one too is a first of its kind product in India by any Discount Broker.

Final Verdict-

SAMCO has been in the stock market for quite a long time now and has an experience of over 20 years. This makes them of the most trusted brands in the market and we have to say that the experience comes at a price. SAMCO is quite beneficial for every beginner and is a must-try for all the heavy traders in the field.