Samco

INTRODUCTION:

SAMCO is an online discount brokerage firm that has been launched by SAMCO Securities. The company has a strong hold in the capital market with, it’s formal brand name Samruddhi Stock Brokers Limited, for over 20 years. You can trade in all leading stock and commodity exchanges like BSE, NSE, MCX-SX, MCX and NCDEX in India with Samco.

Their brokerage charges are reasonable, which is one of the reasons for them to be in line with other major discount brokers in India. The charges are 0.02% or Rs 20 per executed order, whichever is lower, for intra-day, F&O, currency and commodity trading. For equity Delivery, the brokerage is Rs 20 or 0.2% per executed order, whichever is lower. They allow you to invest in Stocks, debentures, commodity, currency, bonds and ETFs.

Samco has affiliate programs, so that you can earn by referring your friends and relatives to Samco and become Samco referral associate. The important feature of the Broker includes Margin limits provided for intra-day trades. Samco includes a Rating Tool, which is the first and only Stock Rating tool in India. It gives a detailed rating of companies by evaluating variety of different parameters including balance sheet analysis, earnings, market analysis, etc..,. Customer support is provided through phone line, ticket querying system on website and email.

Advantages:

• Indian Trading League, ITL.
• Leverage for trading in equity intra-day using MIS is high, ranging from 3x to 15x.
• You can earn Referral Credit.
• Trailing Stop Loss order, Bracket order and Cover Order are available.

Disadvantages:

• Has high margin for Nifty and Bank Nifty.
• Equity delivery has no margin.
• Customer Service is rated average by users.

Why SAMCO?

• Wide range Investment options are available with Samco, including stocks, commodity, bonds, EFTs, etc..,
• Flat fee of 0.02% or Rs 20 per executed order (whichever is lower) for trading in stocks, F&O , Currency and Commodity.
• Unique tool available for rating listed Securities according to their Fundamentals.
• Extra beneficial features like Samco Data bank, Samco Ratings Monitor, Samco CashPlus , etc..,
• Free tools like SPAN Calculator, Pledge Monitor, Brokerage Calculator and powerful trading platform on web, desktop and mobile for ease in trading.
• If you’re generating highest percentage returns in trading in equity, derivatives, commodity or currency in 1 year, You’ll get a chance to win an award of Rs 1 crore in their Indian Trading League.

SAMCO Trading Platforms:

With Samco allows you to trade using either of the trading platforms available for various devices:

1. SAMCO Trader-Desktop: NEST is used as their trading platform for desktop.
2. SAMCO Web 5 – An online platform to allow you to trade on the move which functions on all major browsers and mobile phones.
3. SAMCO Mobile Application – Mobile Application for iOS and Android.
4. SAMCO Call & Trade – Available at additional charges of Rs. 20 per executed order.

Samco Stock Ratings, SPAN, Brokerage & Margin Calculators are some of the innovative tools offered by Samco.

Charges:

Samco charges Rs 20 per executed order for all segments. You can avail benefit of lower of Rs 20 or 0.2% (for delivery) and 0.02% (for derivatives), if trading volumes are low. Samco doesn’t have any hidden charges like no Trading account AMC and software usage charges.

Samco’s Rs 20 flat-rate share trade is equal to all other major brokers like RKSV, Zerodha & Tradejini but slightly expensive than RK Global, SAS Online, my Value Trade, Compositedge and Trade Smart Online ranging from rs 9 to 18 plans.

Call & Trade facility is available at Rs 20 executed order. Samco’s clients also receive free call & trade feature for the first 20 trades via call & Trade. Overnight exchange margins are the lowest in the industry, as Samco clears with the exchanges on T day.

Account Opening Charges

• Trading Account Opening Charges (One Time): Free
• Demat account Opening Charges (One Time): Free
• Trading Annual maintenance charges (AMC): Rs 400
• Demat Account Annual Maintenance Charges (AMC): NIL

Other Charges

• Call & Trade is available at an extra cost of Rs 20 per call plus Service Tax.
• Digital Contract notes are sent through Email. Physical copies of contract notes can be ordered at additional charge of Rs 9 per contract plus CDSL charges plus Courier charges.
• Money withdrawals charges applies as per RBI guidelines.
• Standard statutory levies, transaction charges and NSE charges are included.

Trading Leverage:

1. SAMCO Margin for NSE Cash/BSE Cash – upto 50X on CO Orders, Overnight/Carry Forward Orders – No Leaverage, upto 3x to 10x on MIS orders.
2. SAMCO Exposure for Equity/Index Future Trading – offers 40% to 50% of NRML Margin for MIS and Additional leverage for CO Orders.
3. SAMCO Exposure for Options Buying Trading – no leverage for Options buying.
4. SAMCO Exposure for Equity Options Selling – Samco Equity Index (NIFTY, Bank Nifty and others) 40% of NRML Margin,Equity Stocks – 60% of NRML Margin.
5. SAMCO Margin for Currency Futures – 50% of NRML Margin for MIS and Additional leverage for CO Orders.
6. SAMCO Exposure for Currency Options Selling – SAMCO Currency Options – 50% of NRML Margin.
7. SAMCO Margin for Commodity Futures – 40% of of NRML Margin for MIS and Additional leverage for CO Orders.

Summary:

SAMCO is a great choice for a broker to have trades with good ease. Brokers who perform good in the market also has a good opportunity to make extra income with their Indian Trading League. Samco is successful to provide Track record, Customer support, Transparency, decent margin and trading tools, can sustain with champions in discount brokerage space.