Angel Broking vs SAMCO Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
About SAMCO
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
Angel Broking vs SAMCO Account Opening Charges: 2024
| Charge | Angel Broking | SAMCO |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹400 |
Angel Broking vs SAMCO Brokerage Charges and Plans : 2024
| Charge | Angel Broking | SAMCO |
|---|---|---|
| Plan Name | iTrade Prime | Standard |
| Equity Delivery | ₹0 | ₹20 per executed order |
| Equity Intraday | Flat ₹20 per executed order | ₹20 per executed order |
| Equity Futures | Flat ₹20 per executed order | ₹20 per executed order |
| Equity Options | Flat ₹20 per executed order | ₹20 per executed order |
| Currency Futures | Flat ₹20 per executed order | ₹20 per executed order |
| Currency Options | Flat ₹20 per executed order | ₹20 per executed order |
| Commodity Options | Flat ₹20 per executed order | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Angel Broking vs SAMCO Margin / Exposure: 2024
| Segment | Angel Broking | SAMCO |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x |
| Equity Intraday | Upto 10x | Upto 15x |
| Equity Future | Upto 4x | Upto 4x |
| Equity Options | 3x for shorting | Upto 8x |
| Currency Future | Upto 2x | Upto 3x |
| Currency Options | Upto 5x for shorting | Upto 5x |
| Commodity Future | 3x | Upto 5x |
| Commodity Options | N/A | Upto 5x |