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 strong hold in capital market as full service Broker from last 20 years under 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 watch2. Snap Quote trading feature explains the movements of a particularstock along with current buyers and sellers’ current price and numberof stocks offered3. Funds transfer4. Cover orders, View RMS margin, capital or limits.|
|SAMCO WEB 5||1. Samco Web 5 is a responsive web trading platform that can be accesseddirectly through a browser.2. Clients can just enter valid username and password and start trading fromanywhere.|
|SAMCO STOCKNOTE||1. This is one of the latest additions in the list of the trading platforms thediscount broker offers to its clients.2. The application has been acknowledged well, at least in the initial phaseand 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 information2. Provision to add market watch lists3. 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 andTrailing Stop Loss order are available||Limited Trading Products|