IDBI Direct vs SAMCO Comparison: 2024

About IDBI Direct

IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.

As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation. 

As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.  

Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by

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

IDBI Direct vs SAMCO Account Opening Charges: 2024

ChargeIDBI DirectSAMCO
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹500 (one-time)₹0
Trading Account AMC₹0₹0
Demat Account AMC₹450 p.a.₹400

IDBI Direct vs SAMCO Brokerage Charges and Plans : 2024

ChargeIDBI DirectSAMCO
Plan NameStandard PlanStandard
Equity Delivery0.50%₹20 per executed order
Equity Intraday0.05%₹20 per executed order
Equity Futures0.05%₹20 per executed order
Equity Options₹100 per lot₹20 per executed order
Currency FuturesN/A₹20 per executed order
Currency OptionsN/A₹20 per executed order
Commodity OptionsN/A₹20 per executed order
Mutual FundN/AN/A

IDBI Direct vs SAMCO Margin / Exposure: 2024

SegmentIDBI DirectSAMCO
Equity DeliveryNilUpto 4x
Equity IntradayUpto 4xUpto 15x
Equity FutureNilUpto 4x
Equity OptionsNilUpto 8x
Currency FutureN/AUpto 3x
Currency OptionsN/AUpto 5x
Commodity FutureN/AUpto 5x
Commodity OptionsN/AUpto 5x
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