Samco Review | Brokerage Charges, Account Opening, Trading Platform, pros and Cons
Samco is a one-stop solution for various services across multiple platforms.
Samco Securities has emerged as one of India’s leading investment technology companies, offering its customers a variety of securities to invest in, such as stocks, mutual funds, equity derivatives, commodities, and more.
Samco was established in 2015 and was founded by Mr. Jimeet Modi, Founder & CEO of Samco Group.
It is known for its features like low brokerage fees, free trading software, and unique margin products.
It gained popularity among investors for launching StockBasket, where seasoned traders create a basket filled with stocks based on 25+ stock parameters.
A Brief Overview of Samco Securities
Samco Securities offers financial technology to its investors so they can experience a seamless trading journey, making informed and cost-effective decisions.
Samco is wholly focused on the needs of its customers and uses a perceptible approach that provides the customers with solutions to master the markets.
It is registered with SEBI as a stockbroker, research analyst, and a member of NSE, BSE, MCX, and NCDEX.
If you are new at Samco, no account opening charges will be levied for the first year, and you will also get 100% brokerage cashback for the first month.
Samco is an award-winning discount broker in India. It has also been awarded “Best Equity Broking House in India” by the news channel CNBC Awaaz in 2019.
| Samco Securities | |
| Type | Discount Broker |
| Founded | 2015 |
| Upstox Owner (Founder) | Jimeet Modi |
| Headquarters | Mumbai, India |
| Overall Ratings | 3.2 out of 5 |
| Branches | 0 |
| Mobile Trading App | Yes |
| Supported Exchanges | NSE, BSE, MCX, and NCDEX |
Take advantage of Samco’s brokerage calculator, fair value calculator and margin calculator.
Why Choose Samco?
Let me tell you the best points about samco:
- You can open a free trading and demat account.
- It provides margin, and you can even trade with 0 cash available.
- Zero Demat AMC charge for the first year.
- For the first month you will get 100% brokerage cashback.
- Access to StockBasket tool.
- Advanced Futures and Options Trading.
Samco Account Opening
Samco Offers free account opening for the first year to its customers. After one year you have to pay the yearly Demat AMC charges of Rs. 400.
| Trading Account Opening Charges | Free |
| Trading Account AMC | Free |
| Demat Account Opening Charges | Free |
| Demat Account AMC Charges | ₹400 (free for first year) |
Samco Brokerage Charges
| Segment | Samco Brokerage charges |
| Equity Delivery | ₹20 per trade or 0.50% (whichever is lower) |
| Equity Intraday | ₹20 per trade or 0.5% (Whichever is lower) |
| Equity Futures | ₹20 per trade or 0.5% (Whichever is lower) |
| Equity Options | ₹20 per trade |
| Currency Futures | ₹20 per trade or 0.5% (Whichever is lower) |
| Currency Options | ₹20 per trade |
| Commodity | ₹20 per trade or 0.5% (Whichever is lower) |
Samco Securities Broking Charges start from ₹20/per trade or a certain percentage is charged (whichever is lower).
Samco Transaction Charges
| Transaction Charges | |
| Equity Delivery | NSE – ₹3.45 per Lacs (0.00345%) BSE – For A Group and B Group Shares – ₹1 per trade For other groups – ₹3.45 per Lacs (0.00345%) For XC, XT, XD, Z and ZP – ₹100 per Lacs (0.1%) For R and P Group – ₹1000 per Lacs (1.0%) |
| Equity Intraday | NSE – ₹3.45 per Lacs (0.00345%) BSE – ₹3.45 per Lacs (0.00345%) |
| Equity Futures | NSE – ₹2 per Lacs (0.0020%) BSE – ₹1 per trade |
| Equity Options | NSE – ₹53/- per Lacs (0.053%) on Premium BSE – ₹1 per trade |
| Currency Futures | NSE – ₹0.90 per Lacs (0.0009%) |
| Currency Options | NSE – ₹35 per Lacs (0.035%) on Premium Value |
| Commodity | MCX – Non Agri:- ₹2.6 per Lacs (0.0026%) MCX – Agri:- ₹1.75 per Lacs (0.00175%) NCDEX – A:- ₹3.5 per Lacs (0.0035%) NCDEX – B:- ₹1.25 per Lacs (0.00125%) |
Other Charges of Samco Securities
| Samco Charges | Equity Delivery | Equity Intraday | Equity Futures | Equity Options | Currency Futures | Currency Options | Commodity |
| CM Charges | Nil | Nil |
|
| NSE – ₹0.25 per Lacs (0.00025%) | NSE – ₹7.5 per Lacs (0.0075%) on Premium | |
| GST | 18% on Brokerage, Transaction, SEBI Charges & CM Charges | 18% on Brokerage, Transaction, SEBI Charges & CM Charges | 18% on Brokerage, Transaction, SEBI Charges & CM Charges | 18% on Brokerage, Transaction, SEBI Charges & CM Charges | 18% on Brokerage, Transaction, SEBI Charges & CM Charges | 18% on Brokerage, Transaction, SEBI Charges & CM Charges | 18% on Brokerage, Transaction, SEBI Charges & CM Charges |
| STT/CTT | ₹100 per Lacs (0.1%) | ₹25 per Lacs (0.025%) on Sell side | 0.0125% on the sell side |
| Nil | Nil | ₹10 per Lacs (0.01%) on Sell Side only (Not applicable on Agri Commodities) |
| SEBI Charges | ₹0.10 per Lacs | ₹0.10 per Lacs | ₹0.10 per Lacs | ₹0.10 per Lacs | ₹0.15 per Lacs | ₹0.15 per Lacs | ₹0.15 per Lacs |
| Stamp Duty | 0.015% or 1500/crore on buy side | 0.003% or 300/crore on buy side | 0.002% or 200/crore on buy side | 0.003% or 300/crore on buy side |
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There are other charges for special services:
- ₹50 + GST for OFS/buyback/takeover/delisting/SGB.
- Call and Trade charges are ₹20/per order.
- Requests for physical contract notes will be charged ₹50 / per contract note + taxes.
- Call & Trade charges include RMS square-off charges.
- 2.5% of brokerage of the contract value + 18% GST, where physical delivery is done.
- Other specific charges will be mentioned in your contract note.
Samco Trading Platforms
StockNote App
Samco provides a StockNote mobile trading app. Customers can trade in NSE, BSE, and MCX for stocks, mutual funds, commodities, etc.
Features of StockNote app:
- Quick trade execution
- Secure and reliable trading platform
- Guest use mode available
- Delivers market insights and the latest news
StockNote Web
It is a browser based platform, you don’t need to download it, you can use it on browsers like Google Chrome, Firefox, etc. It has the same features as the StockNote app, the only difference being that it will be used on mobile phones, and this can be operated on a desktop, mobile, or tablet.
Samco Trader (NEST Desktop Trader)
This is an EXE-based trading platform that you can only use on a desktop. It offers a high-speed, secure, and user-friendly interface. Samco NEST Trader offers 80+ technical indicators.
Pros and Cons of Samco Securities
Samco Securities Pros:
- The maximum brokerage charge for all sectors is Rs. 20. without a monthly charge or obligation.
- There aren’t any extra fees.
- High margin products such as CashPlus, StockPlus, and BTPT provide traders with a high margin capability.
- Without Charge and effortless online account opening with Aadhaar OTP.
- For all new customers using StockNote, the first month’s orders will receive a 100% brokerage cashback.
- Free, highly reliable and sophisticated trading platform.
- For the first year, there are no AMC fees.
Samco Securities Cons:
- ₹20 / per equity derivative trade, which is usually free by other online brokers.
- A very high AMC of ₹400.
- No Branch Support.
- No NRI trading services.
- No monthly unlimited trading subscriptions available.
- Demat prices for pledge creation, closure, and invocation are high.
- Call and trade is available for an additional Rs 20 per executed order.
- At any given moment, only one trading platform can be accessed.
- StockBasket and other add-on products are offered for an additional subscription fee.
Conclusion
Samco Securities offers a varied selection of products in the area of online trading. Even though the brokerage fees and account creation costs are intended to draw in budget-conscious traders, it’s crucial to consider the accompanying transaction costs.
Samco’s trading platforms provide a user-friendly experience, especially for individuals who appreciate simplicity and efficiency.
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| Disclaimer: The sole purpose of our financial articles is to provide you with educational and informative content. The content in these articles does not intend any investment, financial, legal, tax, or any other advice. It should not be used as a substitute for professional advice or assistance. |
FAQs
Q.1) Is Samco a safe Trading Platform?
We can’t say that samco is a 100% safe trading platform and it has some drawbacks. Before investing through samco, we advise you to check the reviews of its current customers.
Q.2) Is Samco and Zerodha same?
They are both discount brokers registered with SEBI. While choosing the best broker to invest through, people usually bend towards Zerodha making it a better option.
