SAMCO: Trading & Demat Account, Reviews, Charges: 2024

SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.

Samco Overview

Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.

It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat account, free mutual fund investment platform and margin funding on all the market segments.

Samco Products and Services

Here is a list of various products and services offered by this disount broker in India:

Samco Products

Samco products include equity, derivatives - F&O, debentures, currencies, commodity, bonds, and ETFs. Apart from these regular investment instruments the firm also provides the facility to invest in regular mutual funds through SIP and lump sum mode through the Samco RankMF app and web page.

Samco Services

Samco offers Demat account services through its membership as a Depository Participant with CDSL. It has its trading services which include IPO facilities and intraday services as well. Apart from this, it comes up with a new initiative, Samco TradeFlix, which offers the exclusive stock market case studies with investment and trading strategies.

Samco Special Features

Some of the key features to look for:

1. Samco Stock Rating Tool

It is a special tool for rating the stocks, this tool does a fundamental analysis of stocks to evaluate the companies that they end up owning. Based on their key business metrics and parameters, it has rated the stocks from ‘AAA’ to ‘Penny Stock’.

2. Samco Risk Advisor

The firm displays a true graphical picture to clients, which scans all the components of the client's portfolio. Its features include single stock exposure, warns against unrated stocks, diversification and sectoral allocation. It helps you to find a perfect balance in the portfolio.

3. Caution Stock Watchlist

The tool has been created using a surveillance mechanism by tracking tips and other market communication. Basically, this restricts the traders to invest in such stocks which are operationally driven and manipulated by the market operators.

Samco Trading Platforms

Samco trading platforms are well advanced to suit the requirement for the traders. There are three kinds of platforms each for the mobile, desktop and web with its own unique features:

1. Samco Trader - Trading Terminal

This is the desktop, software-based trading terminal. The software is Omnesys NEST Trader which is basically NSE software. It is upgraded and revamped for Samco. This is user-friendly and highly adaptable software. The main features are as follows

It is easily installable and downloadable. A market watch option is available with real-time updates. There is a snap quote facility on the platform, which helps the trader to understand the recent movement of the stock price along with the current volume and price offered by the buyers and sellers. There is an easy fund transfer facility available across various banks. There is a bracket orders facility available as well as cover orders.

Samco Stock Note: Web Trading Platform

This is the web-based trading platform of Samco. The main features are as follows-

It is accessible through any device like mobile, tablet and desktop. It has real-time updates, news flash. Placing and tracking orders are easy. No downloads are required since this is an HTML based trading platform.

3. Samco Stock Note App - Mobile Trading AppThis is the mobile application based trading platform. The main features are as follows-

This is simple yet efficient when it comes to tracking the market and placing orders. There are data and ample charts available for analysing the market closely. Market Watch, streaming quotes, live news facilities are there. Clients can set alerts for trades and market movements.

Samco Brokerage Charges

Samco brokerage charges vary different segments but do not exceed ₹ 20 for each trade. If the trading volume is lower, individuals will get the benefit of a lower brokerage of ₹ 20 or 0.2% of the volume, whichever is less.

For the call and trade orders, Samco charges ₹ 20 per executed order, it also includes RMS square off charges. However, it does not charge any hidden charges on trading from its clients. Furthermore, since it is a discount broker, it charges you a flat rate brokerage across segments as listed in the brokerage table.

Samco Other Charges

Samco other charges which are mandatory charges levied by the authorities include the STT which is charged at 0.0126% on the total turnover of the trader, similarly, there are SEBI turnover charges whose rate is 0.0002% on the total turnover.

Apart from these two, there are stamp duty and GST charges. The stamp duty charges are very nominal and depend on the state from where the client is trading. The GST is charged on the cumulative amount of brokerage and transaction charges of the transaction at 18% and the transaction here is charged on the total turnover at a rate of 0.00325%.

Samco Review

Being a new discount broker in the market Samco has gained enough recognition for its exceptional services, however, there is still a long way to go in terms of the research facilities, trading terminals to be a popular broker in the market.