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.