SAMCO Review, Special Offers, Demat, Trading A/C and Brokerage

SAMCO is one of the newcomers in the broking business but has carved a niche for itself in a short period. It offers brilliant broking services to clients and provides them with the necessary facilities.

The brokerage house has made a strong position for itself, and many traders bank upon it for any type of brokerage service. In this article, you will understand the SAMCO Review which will help you to learn all the necessary details about the brokerage house.

Here you will find information about the company’s brokerage model, products, services, offers, exposure, advantages, and account opening procedure accompanied by charges, trading platforms, complaints, customer care details, ratings, etc. Therefore you cannot afford to miss any point if you wish to trade with the company in the near future.

SAMCO Highlights
Broker Type Discount Broker
Demat Account AMC Free 1st Year and 2nd Year 400 + GST
Margin Required 75% Margin
Intraday Brokerage Rs 20
Delivery Brokerage Rs 20
Exposure Upto 5x

Samco Securities Offers

What do you know about SAMCO?

The first thing that we will discuss in the SAMCO Review is the profile of the company. It is a privately-owned broking company in the nation. Mr. Jimeet Modi founded SAMCO as a discount broker house.

The company has its headquarters in Mumbai, Maharashtra. It is entirely new in the business and has been established in 1993. SAMCO has attracted a vast number of traders towards itself with its transparent way of conducting business.

About SAMCO 
Know a few details about SAMCO 
Which type of Company is it? – Public / Private Private
Which type of Broker is it? – Full Service / Discount Discount Broker
Where is the registered office of the Company Located? Mumbai, India
Who is the Founder of this Company? Jimeet Modi
When did the company start? 1993

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    What are the various Demat Account Opening Charges levied by SAMCO?

    If you Open SAMCO Demat Account then you will be surely flooded with facilities from the company. The Depository Participant involved with SAMCO is CDSL which ensures that everything is fair in the business.

    SAMCO Account Opening charge is zero, and the company also does not levy any maintenance charge on the DEMAT account. A minimal fee of Rs. 400 is charged from the clients as the AMC of the trading account.

    SAMCO also does not ask the traders to maintain any margin money with them, which is surely bliss. However, the broker house does not have the facility of dematerialization for the clients.

    SAMCO Demat Account Opening Fees
    Check out the various fees charged for Opening a Demat Account with SAMCO 
    Which is the Depository Participant involved? CDSL
    What are the Demat account opening charges? Rs 0 (Free)
    How much is the Demat AMC? Free 1st Year and 2nd Year 400 + GST
    What is the Trading AMC? Rs 0 (Free)
    What is the initial Margin amount required? 75% Margin
    Is dematerialization available? No

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    Does SAMCO provide any Offers to their Clients?

    Yes, SAMCO has got lucrative offers for clients besides lower brokerage charges. SAMCO Offers a free DEMAT account to clients. They also offer discounts on brokerage, which helps the traders in trading without any boundaries as the brokerage charges are decreased to a great extent.

    SAMCO Offers
    Here are the various offers provided by SAMCO 
    Does the broker provide a Free Demat A/C offer? Yes
    Does the broker provide Free Trading A/C offer? No
    Is this broker offers a Discount on Brokerage? Yes
    Does the broker offer Happy hour trading to their clients? No
    Is the broking house provides a flexible brokerage plan? No
    Does the broker offer 1-month Free brokerage? No
    Are the Holiday offers provided by the broker? No
    Are there any referral offers shared by the broker? No
    Zero Brokerage for Loss-Making Trades No

    What are the Brokerage Charges levied by SAMCO on various Segments?

    SAMCO Brokerage Charges are quite nominal, and thus the clients can trade as much as they want. The charge levied on equity delivery is Rs. 20. Brokerage charged for equity intraday is Rs. 20. The same amount of fee is charged for trading commodity and equity futures.

    One lot of equity options can be traded in exchange for Rs. 20 with the company. SAMCO levies Rs. 20 as a brokerage fee on currency futures. The charge on a single lot of currency options is also Rs. 20 as equity options. SAMCO charges a minimum percentage as the brokerage on each transaction.

    SAMCO Brokerage Charges 
    Here you will find details of brokerage levied by SAMCO on all segments
    What are the Equity Delivery Charges? Rs 20
    What are the Equity Intraday Charges? Rs 20
    How much brokerage charged for Commodity Trading? Rs 20
    What is the brokerage on Equity Futures? Rs 20
    How much brokerage charged for Equity Options? Rs 20
    What is the brokerage on Currency Futures? Rs 20
    What is the brokerage on Currency Options? Rs 20
    How much is the Minimum Brokerage required? As per Transaction
    What is the Demat AMC? Free 1st Year and 2nd Year 400 + GST
    How much is the Trading AMC? Rs 0 (Free)
    What is the Minimum Margin Required? 75% Margin

    Does SAMCO levy any other charges apart from Brokerage?

    Like all other broker houses in the country, SAMCO also has got some additional charges apart from the brokerage. A transaction charge of 0.00325% is levied on each transaction.

    SAMCO Charges 0.0126% of the total turnover as an STT fee. The SEBI turnover charge applied by the broker house is only 0.00005% of the total return. SAMCO uses a minimal amount of Stamp Duty on each transaction.

    They charge 18% of GST on brokerage and transaction fees.

    SAMCO Charges
    Get deep understanding of all other charges levied by SAMCO 
    How much is the Transaction Charges levied? 0.00325% of Total Turnover
    What are the STT charges? Equity Intraday: 0.025% on the Sell Side
    Equity Futures: 0.01% on Sell Side
    Equity Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on the sell side (Non-Agri)
    Commodity Options: 0.05% on sell-side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell-side
    What are the SEBI Turnover charges? 0.00005% (Rs.5/Crore)
    How much is the Stamp Duty levied? (On buy-side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)
    How is the GST charged? 18% on (Brokerage + Transaction Charge + SEBI Fee)

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    What is the Limit or Exposure offered by SAMCO?

    SAMCO’s Exposure on equity delivery is up to 1 time, and that on equity intraday is up to 5 times. The company offers exposure of up to 1 time on equity futures. There is no limit for the clients for trading in equity options and currency options. SAMCO’s Margin on currency futures and commodity trading is up to 1 time.

    SAMCO Exposure or Leverage
    Here you will find the exposure or limit provided by SAMCO 
    How much is the limit on Equity Delivery? 1x
    What is the limit on Equity Intraday? Upto 5x
    How much is the limit on Equity Futures? 1x
    What is the limit on Equity Options? 1x
    What is the exposure on Currency Futures? 1x
    How much is the leverage on Currency Options? 1x
    What is the limit on Commodity Trading? 1x

    How to Open SAMCO Demat & Trading Account?

    If you want to Open SAMCO Demat Account and trading account, then you will have to follow some straightforward steps. The incredible part of the whole account opening process is that it can be completed from your desktop and laptop. No need to visit a branch of SAMCO to get your DEMAT and trading account opened. The steps are nicely described below:

    1. Below this review of the company, you will find a button
    2. Click on that button, and you will pop-up
    3. You will find a form on that page which should be filled up mandatorily
    4. After you finish filling up the form, submit it at the required place mentioned on the page
    5. Then its time for your KYC verification for which you need to scan and upload some of your essential documents
    6. The original copies of your Voter ID card, PAN card, AADHAAR card, address proof, bank account statement, and some others will be required
    7. Once your KYC verification process is over, then the rest of the procedure will be looked after by the executives of SAMCO
    8. Your DEMAT account will take hardly a few hours to get activated after the whole process is completed

    You will have to follow the above procedure to Open SAMCO Trading Account

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      What are the various Trading Platforms provided by SAMCO?

      SAMCO maintains top-class trading platforms that are loaded with advanced trading features. A client can get an idea of the whole stock market from the SAMCO Trading Platforms. The platforms are seamless in performance and can be easily relied upon for trading. Here is a brief discussion of the three trading platforms maintained by SAMCO.

      SAMCO Trading Terminal: SAMCO Trader

      SAMCO Trading Terminal or SAMCO Trader is designed to work on both Windows and Mac computers. It provides market updates of the current time and can be operated very easily. Traders can trade in mutual funds through this trading terminal from the broker house

      SAMCO Web Trading Platform: SAMCO Web Xpress

      SAMCO maintains a very robust web trading platform that works fantastically from computers. But it cannot be operated from mobile phones. This web trading platform works very fast even with lower bandwidth.

      SAMCO Mobile App: SAMCO Stocknote App

      The mobile app produced by the company is none less than a wonder as it has got brilliant features. SAMCO Mobile App or SAMCO Stocknote App offers smooth trading and allows users to keep a constant check of the stock market.

      SAMCO Trading Platforms
      Here you will find all the important trading platforms available with SAMCO 
      Do they have Trading Terminals for Windows? Yes
      Do they have Trading Terminals for Mac? Yes
      Are they providing a Web Trading Platforms? Yes
      Do they have a Mobile Web Platform? No
      Does this broker provide Mobile Trading App for Android? Yes
      Does this broker provide Mobile Trading App for iOS? Yes
      Are they having Mobile App for Windows OS? No
      Do they have Mobile Trading App for Other OS? No

      What are the features available in SAMCO Trading Applications?

      Some of the best features of SAMCO Trading Platforms are –

      SAMCO Trading Terminal: SAMCO Trader Features

      • Traders can get updated with the latest details of the stock market
      • They can check out their portfolio through the trading terminal
      • Clients can deal in mutual funds through the SAMCO Trading Terminal
      • SAMCO shares research reports through this platform
      • Clients can check out the indices of the whole world
      • Traders can avail of personalized advisories
      • They can get the facility of interactive chartings
      • SAMCO notifies the traders through this trading terminal
      • Clients can get the privilege of managing more than one account using this trading platform

      SAMCO Web Trading Platform: SAMCO Web Xpress Features

      • The web trading platform run by SAMCO is built to be seamless on the computers
      • It keeps the clients updated about the stock market
      • SAMCO Web Trading Platform shows details of the client’s portfolio
      • Traders can use the platform to buy mutual funds online
      • SAMCO provides clients with research reports and personalized advisory through the web trading platform
      • There are options for viewing the Global indices
      • Multi-account management solution is also enabled in this platform

      The SAMCO Mobile App: SAMCO Stocknote App Features

      • SAMCO operates a brilliant app that can be easily installed on Smartphones based on Android and iOS
      • The app allows the users to check out the latest updates of the stock market of the country
      • Users can also view global indices through this mobile app
      • SAMCO Trading App can be easily used for trading mutual funds online
      • If a client has multiple accounts with SAMCO, then he can manage all of them simultaneously through this app
      • The trading app is capable of providing live market data to the clients
      • Users can get important alerts on their Smartphones in the form of SMS and email through this trading app from SAMCO
      • There is also an option for interactive charting provided by the broker house
      SAMCO Trading Application Features
      Here you will find various features available in Trading Platforms provided by SAMCO 
      Are these platforms capable of Real-time Updates? Yes
      Do these Applications provide Portfolio Details? Yes
      Is this software providing Online MF Buy? Yes
      Do these platforms have News Flash? No
      Are these platforms providing Research Reports? Yes
      Are these platforms Easy to Install & use? Yes
      Do these Apps have Global Indices? Yes
      Are these platforms having Stock Tips? No
      Does this software provide Personalized Advisory? Yes
      Are these platforms capable of Interactive charting? Yes
      Do these Apps provide Live Markets data? Yes
      Do they provide SMS Alerts? Yes
      Are they providing Email Alerts? Yes
      Do these platforms have Multi-Account Management solution? Yes

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      What are the various Products provided by SAMCO?

      SAMCO provides all the useful products to traders. They conduct thorough research on the market and bring forth the best products that can help the traders in making a good profit. SAMCO Products include equity, commodity, currency, options, and futures.

      The company allows traders to trade in mutual funds along with other products. SAMCO also provides the facility of SIP (Systematic Investment Plan) to the clients.

      SAMCO Products
      Here are the various products provided by SAMCO 
      Does the broker allow Equity Trading? Yes
      Does the broker allow Commodity Trading? Yes
      Do they have Currency Trading products available? Yes
      Do they provide Options trading? Yes
      Are the clients allowed to trade in Futures? Yes
      Do they have Mutual Funds as a product? Yes
      Does the broker allow Forex trading? No
      Does the broker have Banking products? No
      Is SIP allowed by the broker? Yes
      Do they have Insurance as a Product? No

      What are the various Services offered by SAMCO?

      SAMCO offers some beneficial services to clients that help them in more ways than one. The broker house provides critical services of DEMAT and trading. SAMCO Services include intraday services and IPO services.

      The company offers a high trading exposure of up to 5 times to its clients.

      SAMCO Services
      Check out the various services provided by SAMCO 
      Does the broking house provide Demat Services? Yes
      Does the broking house provide Trading Services? Yes
      Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? No
      Do they provide Intraday Services? Yes
      Are they offering IPO Services to the client? Yes
      Do they have Stock Recommendations available? No
      Are they providing tools for Robo Advisory? No
      Does the broker provide PMS? No
      Do they have Trading Institution available? No
      What is the Trading Exposure this broker provides? Upto 5x

      Does SAMCO provide Research & Advisory to their clients?

      No, the company does not have the facility of any SAMCO Research service for the clients. Traders also do not get any SAMCO Advisory or SAMCO Tips from the broker house that can help them in trading better.

      SAMCO Research, Advisory & Stock Tips
      Here are the various research activities are done by SAMCO 
      Does the broker share Fundamental Reports? No
      Does the broker share Research Reports? No
      Do they provide Company Reports to their clients? No
      Are they analyzing the Annual Reports of Companies? No
      Do they share Company Stock Reviews? No
      Are they sharing Free Stock Tips with their clients? No
      Do they analyze & share IPO Reports? No
      Does the broking company provide Top Picks? No
      Are they sharing Daily Market Review? No
      Do they have Monthly Reports? No
      Does the broker provide Weekly Reports? No
      Are they having Offline Advisory? No
      Do they provide Relationship Managers to clients? No

      What are the Customer Care details of SAMCO?

      SAMCO Customer Care provides a decent amount of support to every client having a trading account with the company. Traders get the facility of trading online and are also offered dedicated dealers by the company. The customer care team of SAMCO is available 24*7 to help clients with any kind of assistance.

      SAMCO Customer Support
      Let’s have a better understanding of the Customer Care Service of SAMCO 
      Are they providing Dedicated dealers to their clients? Yes
      Do they allow Offline Trading? No
      Do they have facilities for Online Trading? Yes
      Are they providing 24*7 Support? Yes
      Does this broker provide Email Support? No
      Is this broker having Chat Support? No
      How many Branches the stock broker has? No

      Are there any Complaints filed against SAMCO by their clients?

      Yes, as per the latest records, the total number of SAMCO Complaints filed in BSE is 89. Out of these complaints, 56 have already been resolved by the brokerage house. There are 114 complaints registered against them in NSE and 78 are solved them.

      SAMCO Complaints
      Here you will know about the Complaints lodged against SAMCO 
      What is the total number of Complaints Lodged in BSE? 89
      How many of these complaints have been Resolved in BSE? 56
      What is the total number of Complaints Lodged in NSE? 114
      How many of these complaints have been Resolved in NSE? 78

      What are the Advantages / Benefits of SAMCO Trading Account?

      • A SAMCO Trading Account can be opened totally free of cost
      • The broker house offers attractive discounts on brokerage
      • Clients need not maintain any margin amount with the company
      • The brokerage fees levied by SAMCO are quite less in amount
      • They offer IPO and intraday services to the traders
      • The company provides trading exposure of up to 5 times
      • SAMCO offers 24*7 customer services
      • They offer well-researched products to the traders

      What are the SAMCO reviews & Ratings as per their Customer?

      SAMCO Ratings for stock market research and broking advisory is 5.5 out of 10 points. The brokerage and other charges of the company have received 6 points from the clients.

      Traders have rated the products offered by the company with 8.5 points which is high for this category. The trading platforms maintained by SAMCO have received 3 points, and the broking experience has fetched 6.2 points.

      The broker house has managed to pull off an average rating of 5.8 points with three stars as per the SAMCO Review. The total number of people who have contributed to these ratings is 426.

      SAMCO Ratings & Reviews
      We are looking at Companies’ Ratings on various parameters
      Stock Market Research & Broking Advisory 5.5/10
      Brokerage & other Charges like – Turnover, Transaction Charges, etc. 6.0/10
      Types of Products & Services the Brand provides 8.5/10
      Performance Mobile App, Trading Terminal & Web Trading Platform 3.0/10
      Experience in the Broking Business 6.2/10
      Total Avg. Rating of Broking House 5.8/10
      Star Rating of given to Stock Broker ★★★☆☆
      Number of People Contributed to These Ratings 426

      SAMCO Conclusion

      The total SAMCO Review has explained all the essential details about the broker house vividly. The company is undoubtedly new in the broking business, but that does not restrict it from offering brilliant services.

      SAMCO has received decent ratings from the clients, which indicate that they can be relied upon for booking services.

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