Interactive Brokers vs SAMCO Comparison: 2024
About Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, 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
Interactive Brokers vs SAMCO Account Opening Charges: 2024
| Charge | Interactive Brokers | SAMCO |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 | ₹400 |
Interactive Brokers vs SAMCO Brokerage Charges and Plans : 2024
| Charge | Interactive Brokers | SAMCO |
|---|---|---|
| Plan Name | N/A | Standard |
| Equity Delivery | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per executed order |
| Equity Intraday | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per executed order |
| Equity Futures | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per executed order |
| Equity Options | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per executed order |
| Currency Futures | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per executed order |
| Currency Options | Minimum ₹6 and Upto ₹20 per executed order | ₹20 per executed order |
| Commodity Options | N/A | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Interactive Brokers vs SAMCO Margin / Exposure: 2024
| Segment | Interactive Brokers | SAMCO |
|---|---|---|
| Equity Delivery | N/A | Upto 4x |
| Equity Intraday | N/A | Upto 15x |
| Equity Future | N/A | Upto 4x |
| Equity Options | N/A | Upto 8x |
| Currency Future | N/A | Upto 3x |
| Currency Options | N/A | Upto 5x |
| Commodity Future | N/A | Upto 5x |
| Commodity Options | N/A | Upto 5x |
Interactive Brokers vs SAMCO Currency Charges and Plans: 2024
Other Comparisons of Interactive Brokers and SAMCO
| Interactive Brokers | SAMCO |
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