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:
| Demat services | Charges |
| Trading Account Opening Charges | NIL |
| Trading Account Annual Maintenance Charges | Rs 700 |
| Demat Account Opening Charges | NIL |
| Demat Account Annual Maintenance Charges | NIL |
BROKERAGE CHARGES:
| Brokerage | Charges |
| 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 |
| Equity Options | 20 |
| Currency Futures | 20 or 0.02% whichever is lower |
| Currency Options | 20 |
| Commodity | 20 or 0.02% whichever is lower |
TRADING PLATFORMS:
| Trading Platforms | Features |
| 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:
| Advantages | Disadvantages |
| 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 |
