SAMCO is one of the leading Discount Brokers in India. Let us look into a detailed review, Demat Account & other features of this great broking house.
SAMCO has a stronghold in the capital market as a full-service Broker from the last 20 years under the formal brand name Samruddhi Stock Brokers Limited. The broking company provides a platform for trading across exchanges in India including BSE, NSE, MCX, MCX-SX, and NCDEX.
With SAMCO, you can invest in stocks, debentures, commodity, currency, bonds, and ETFs.
ACCOUNT OPENING CHARGES:
|Trading Account Opening Charges||NIL|
|Trading Account Annual Maintenance Charges||Rs 700|
|Demat Account Opening Charges||NIL|
|Demat Account Annual Maintenance Charges||NIL|
|Equity Delivery||20 or 0.2% whichever is lower|
|Equity Intraday||20 or 0.02% whichever is lower|
|Equity Futures||20 or 0.02% whichever is lower|
|Currency Futures||20 or 0.02% whichever is lower|
|Commodity||20 or 0.02% whichever is lower|
|SAMCO TRADER||1. Market watch.|
2. Snap Quote trading feature explains the movements of a particular stock along with current buyers’ and sellers’ current price and number of stocks offered.
3. Funds transfer.
4. Cover orders, View RMS margin, capital or limits.
|SAMCO WEB 5||1. Samco Web 5 is a responsive web trading platform that can be accessed directly through a browser.|
2. Clients can just enter a valid username and password and start trading from anywhere.
|SAMCO STOCK NOTE||1. This is one of the latest additions in the list of the trading platforms the discount broker offers to its clients.|
2. The application has been acknowledged well, at least in the initial phase and is claimed to be based on a proprietary technology called Giga TradingEngine.
3. The overall user experience of the application is pretty smooth,however, the number of features can still be increased.
|SAMCO MOBILE APP||1. Real-time market information.|
2. Provision to add market watch lists.
3. Multiple data points for stock analysis
PRO’S & CON’S:
|ITL, the trading LeagueReferral Credit||Low-Quality Customer Service|
|High Exposure||Mediocre Trading Platforms|
|Cover Order, Bracket Order and Trailing Stop Loss order are available||Limited Trading Products|