IIFL Securities vs SAMCO Comparison: 2024
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
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
IIFL Securities vs SAMCO Account Opening Charges: 2024
| Charge | IIFL Securities | SAMCO |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹750 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 per year | ₹400 |
IIFL Securities vs SAMCO Brokerage Charges and Plans : 2024
| Charge | IIFL Securities | SAMCO |
|---|---|---|
| Plan Name | Flat Plan (FBP) | Standard |
| Equity Delivery | 0.50% | ₹20 per executed order |
| Equity Intraday | 0.05% | ₹20 per executed order |
| Equity Futures | 0.05% | ₹20 per executed order |
| Equity Options | 1% of Premium or ₹100 per lot, whichever is high | ₹20 per executed order |
| Currency Futures | 0.05% | ₹20 per executed order |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | ₹20 per executed order |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
IIFL Securities vs SAMCO Margin / Exposure: 2024
| Segment | IIFL Securities | SAMCO |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x |
| Equity Intraday | Upto 20x | Upto 15x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Upto 3x | Upto 8x |
| Currency Future | Upto 2x | Upto 3x |
| Currency Options | Upto 2x | Upto 5x |
| Commodity Future | Upto 3x | Upto 5x |
| Commodity Options | N/A | Upto 5x |