Samco
Samco
Discount Broker

About Broker

SAMCO is a discount brokerage firm that provides trading platforms and investment services across multiple segments, along with margin funding and loans against shares. As of March 2024, it has an active client base of 89,861.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures, and Options) through this broker.

EquityCommodityCurrencyFuturesOptions

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening

Free

Account Maintenance

₹400

Call Trade

₹20

Brokerage

Equity Delivery

0.50% on order value

Equity Intraday

0.05% on order value

Equity Futures

₹20

Equity Options

₹20

Currency Futures

₹20 per order

Currency Options

₹20 per order

Commodity Futures

₹20 on order value

Commodity Options

₹20 per order

Margins

Equity Delivery

4x As per exchange

Equity Intraday

15x As per exchange

Equity Futures

0x As per exchange

Equity Options

20x As per exchange

Currency Futures

0x As per exchange

Currency Options

0x As per exchange

Commodity Futures

0x As per exchange

Commodity Options

0x As per exchange

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Nest TraderRank MF

Other Details

Pros

Advantages and Strengths of this broker.

  • Clients can pledge shares in their Demat account to secure extra margin.
  • Gain access to market insights, recommendations, and expert equity research.
  • Leverage the Caution Watchlist feature to assist in selecting suitable stocks.
  • Receive a full brokerage cashback on all trades placed in the first month.

Cons

Disadvantages of this broker that it needs to improve upon.

  • The platform provides only Regular plans for investing in Mutual Funds.
  • High fees are applicable for Pledge, Closure, or Invocation in Demat accounts.
  • A supplementary charge is applied for call and trade services.
  • NRI trading accounts are not supported on the platform.
  • Free delivery brokerage is not available as an option.

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

3-in-1 AccountComplimentary Trading TipsMarket Research AccessInstant SMS NotificationsLeverage FundingStock-Based Margin

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

Mutual FundsIPO Investment PlatformDebt BondsETF (Exchange-Traded Funds)Insurance Services