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Samco review

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 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 servicesCharges
Trading Account Opening ChargesNIL
Trading Account Annual Maintenance ChargesRs 700
Demat Account Opening ChargesNIL
Demat Account Annual Maintenance ChargesNIL

BROKERAGE CHARGES:

BrokerageCharges
Equity Delivery20 or 0.2% whichever is lower
Equity Intraday20 or 0.02% whichever is lower
Equity Futures20 or 0.02% whichever is lower
Equity Options20
Currency Futures20 or 0.02% whichever is lower
Currency Options20
Commodity20 or 0.02% whichever is lower


TRADING PLATFORMS:

Trading PlatformsFeatures
SAMCO TRADER1. 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 51. 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 NOTE1. 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 APP1. Real-time market information.
2. Provision to add market watch lists.
3. Multiple data points for stock analysis


PRO’S & CON’S:

AdvantagesDisadvantages
ITL, the trading LeagueReferral CreditLow-Quality Customer Service
High ExposureMediocre Trading Platforms
Cover Order, Bracket Order and Trailing Stop Loss order are availableLimited Trading Products