Samco Review 2023
Samco Trading App: Experience the Best Trading with Advanced Features
SAMCO Securities is one of India’s premier investment technology companies, offering an array of securities for trading and investment such as stocks, Equity Derivatives, Currency Derivatives, Commodities Mutual Funds IPO.
SAMCO Group was established in 2015, renowned for their ultra-low brokerage fees, exclusive margin products, and free trading software. SAMCO also features StockBasket: an expert-selected basket of stocks chosen based on 25+ stock rating parameters; Mr Jimeet Modi of Samco Group founded this company.
Samco Securities stands out as an industry-leading flat-fee brokerage and investment technology platform, making advanced financial technology easily available for retail investors to create wealth more simply, effectively and cost efficiently. Samco’s mission is to assist every stock market participant outperforming index returns to reach maximum financial performance and surpass expected outcomes.
Samco Services are focused on meeting customer needs at their core, employing quantitative techniques in providing differentiated solutions that assist their customers to navigate capital markets effectively.
SAMCO is an SEBI registered stockbroker, research analyst, member of NSE, BSE, MCX and NCDEX exchanges as well as being CDSL depository participant. Their NBFC arm offers margin funding, loan against shares as well as other financial products to its clients.
SAMCO offers an efficient brokerage model which charges either Rs 20 or 0.50% of transaction value (whichever is lower) when trading equity delivery trades; for all other segments it charges either 0.05% of transaction value (with zero maintenance charges during first year of opening an account), plus 100% cashback in first month.
SAMCO provides innovative and secure trading platforms to trade across a variety of products via web, mobile and desktop software. SAMCO maintains a Stock Market library as well as informative blogs about capital market basics, market insights and tax management that create investor awareness to make more informed investment decisions.
SAMCO provides higher and unique leverage products than many discount brokers for trading purposes, including CashPlus and StockPlus Leverage Products.
- CashPlus gives customers access to up to four-fold equity delivery leverage on over 400 stocks at an annual subscription fee of Rs 1000 and daily interest charges of 0.05% on any outstanding debit balance in their account.
- StockPlus allows its customers to trade intra-day or positional trade across F&O and cash segments without maintaining any cash balances, using holdings in their Demat account as margin for trading a single share at zero cost (pledging shares as collateral). This enables traders to enjoy hassle free trade at all levels – intraday to positional trading across these asset classes without cash balance constraints!
Why SAMCO?
The following are unique selling points (USP) of SAMCO Brokerage Services:
- Open both Trading and Demat accounts freely!
- Margin for Trading Stocks: Open positions without cash balance at risk!
- Zero Demat AMC will offer its first year free.
- First month brokers who receive 100% cashback.
- Exclusive access to StockBasket tool.
- Samco Trading application
- Advanced Futures and Options Trading
SAMCO Charges 2023
SAMCO Account opening charges
SAMCO offers free account opening with Rs 0 Demat AMC for the first year.
| Charge Head | Charges |
|---|---|
| Trading & Demat Account Opening | Rs 0 |
| Demat Account AMC (yearly) | Rs. 0 for the first year, post that Rs. 400 + GST |
SAMCO Brokerage Charges
SAMCO operates under a fixed brokerage model wherein orders requiring execution incur a maximum charge of Rs 20 for all segments including Equity Delivery.
| Trading Segment | Brokerage Charges |
|---|---|
| Equity Delivery | Rs 20 per trade or 0.50% (whichever is lower) |
| Equity Intraday | Rs 20 per trade or 0.05% (whichever is lower) |
| Equity Future | Rs 20 per trade or 0.05% (whichever is lower) |
| Equity Options | Rs 20 per trade |
| Currency Futures | Rs 20 per trade or 0.05% (whichever is lower) |
| Currency Options | Rs 20 per trade |
| Commodity Futures | Rs 20 per trade or 0.05% (whichever is lower) |
Note:
- As well as brokerage fees, other transaction charges such as regulatory charges and Demat fees must also be accounted for.
- Call & Trade charges start from Rs 20 per order completed.
- SAMCO offers premium brokerage plans and VIP subscription plans; for more information please visit their Brokerage Review Page.
SAMCO Online Account Opening
SAMCO offers online trading with instantaneous account opening via an account opening form available online. Simply complete it to get trading immediately!
SAMCO offers its customers a digital account opening facility. It is a quick, instantaneous, paperless process. Account opening at SAMCO is free with zero maintenance charges for one year after opening an account at our bank.
SAMCO Trading App Feature
SAMCO offers a wide range of online trading platforms. All trading applications are available for free.
1. Samco Trading App Features
Samco App provides traders with a user-friendly, feature-packed mobile trading application to support BSE, NSE, MCX and NCDEX exchanges. Featuring live news updates and alerts along with streaming quotes market watch charts
2. Nest Trader (Desktop trading application)
Nest Trader is an installable trading terminal featuring an intuitive desktop trading platform designed for high-frequency traders.
3. StockBasket
StockBasket provides investors with expert guidance and an intelligent evaluation system to select readymade baskets of stocks for long-term investments that help build wealth to reach financial goals. StockBasket helps investors achieve long-term wealth accumulation.
4. KyaTrade
KyaTrade by SAMCO provides real-time trading and investment ideas in real time. An intelligent risk management system in KyaTrade lowers unnecessary risks by suggesting entry and exit points for trades or investments.
5. Samco TraderAPIs
SAMCO Trading APIs offer simple yet powerful trading APIs designed to build/customise trading platforms and support Algo trading algorithms. Read their API review for further insight.
6. RankMF (Mutual Fund Investment platform)
SAMCO’s RankMF Mutual Fund Investment platform, available as both mobile app and web versions, is an advanced mutual fund investing solution with features designed to recommend top mutual funds, help evaluate portfolio performance, meet financial goals and more. RankMF can recommend quality mutual fund options while helping evaluate an investor’s entire financial picture in one easy place – no need for multiple sources to search!
7. Samco Star (Back-office)
Samco Star serves as SAMCO’s back-office platform and allows clients to easily review account statements, analyse trades and manage funds – as well as check demat holdings (or pledge/unpledge holdings), pledge/unpledge holdings, pledge/unpledge holdings and more!
8. StockSIP (SIP Platform)
StockSIP (SIP Platform) offers customers an easy stock SIP investment platform they can utilise with minimal setup and tracking hassle, including Supercharging SIPs with Samco Stock Ratings as well as offering portfolio comparison features.
SAMCO Pros and Cons
Before opening an account with SAMCO, read its advantages and disadvantages thoroughly to assess whether it suits your investment requirements. Read SAMCO pros and cons as this will enable you to assess its suitability for investment purposes.
Pros
- At BSE, NSE, NCDEX and MCX brokerage is only Rs 20 for every trade executed across all segments.
- Excellent margin products are now available to traders.
- Instant paperless account opening. Free.
- First year Demat AMC free, thereafter Rs 400 annually
- 100% cashback on brokerage fees in the first month!
- Research, Recommendations, Charts, News & Insights are provided herein for your consideration and purchase decision making purposes.
- Samco Trading App: the New-gen Version.
- Add-on products, such as StockBasket, KyaTrade and RankMF are readily available.
- Stock Rating, Advanced Watchlist Management and Advance Options and Future Trading are some of the advanced services provided.
Cons
- Charge Rs 20 per trade for Equity Delivery trades offered free by most online brokers.
- Higher Demat AMC (Rs 400 per year).
- No branch support available and do not offer NRI Trading services.
- Monthly unlimited trading plans are currently unavailable.
- Demat fees tend to be higher when creating, closing and invoking pledges compared to other brokers.
- Call and trade is available at an extra fee of Rs 20 per executed order.
- Only one trading platform may be accessed at any one time.
- Add-on products, like StockBasket, may incur an extra subscription cost.
Frequently Asked Questions
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These apps have made trading more accessible, convenient, and affordable than ever before, allowing people to trade on-the-go using just their smartphone or tablet. With so many trading apps available on the market, it can be difficult to know which one to choose.
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