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SAMCO Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 22-Jun-2022
SAMCO Review

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SAMCO Review 2022 - Quick Summary

Rs. 20/order ultra-low brokerage, free Giga engine powered StockNote App & Web trading platform and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and Rank MF app to invest in expert-recommended stocks and mutual funds.


Rated 4 stars

SAMCO Top Highlight for 2022

  • Free SAMCO Demat & Trading Account at zero charges.
  • Zero Demat AMC for 1st
  • Pay Rs. 20 flat brokerage fee across segments.
  • Multiple leverage products like Cash Plus, Stock Plus, and Buy Today Pay Tomorrow (BTPT).
  • Trade on one of the best stock market apps, StockNote powered by Giga trading engine.
  • Ultra-speed, reliable, and advanced Nest Trader Desktop Trading Platform.
  • Gets free access to StockNote Rest APIs for algo trading.
  • RankMF, Next-Gen mutual fund investment app with proprietary research & ranking engine.
  • Invest in an expert-recommended basket of stocks with StockBasket.
  • SAMCO Stock Ratings feature rate stocks on 50+ parameters.
  • Get research and recommendations from SAMCO’s research team.

About SAMCO

SAMCO Securities ventured in 2015, is an online discount broker mainly popular for its flat discount brokerage pricing model, sophisticated technology trading platforms, and unique margin products.

SAMCO is a member of BSE, NSE, and MCX and offers online trading at the ultra-low brokerage of a lower of Rs. 20/order or 0.20% brokerage charges on delivery trading and a lower of Rs. 20/order or 0.02% on equity intraday, equity derivatives, commodities, and currency segment. Open a Free SAMCO Demat & Trading account now and trade online at Max Rs. 20 per order brokerage.

The discount broker understands what traders and investors need and offers them a GIGA Trading Engine powered SAMCO StockNote App and Web trading platform with advanced analytics and speedy order execution. It also offers the Nest Trader Desktop Trading Software, recommended for highly active or frequent traders.

SAMCO provides stocks and mutual fund research on Giga engine-powered StockBasket and RankMF platforms. The StockBasket platform analyses & rates stocks on multiple parameters and helps you to invest in an expert-recommended basket of stocks. RankMF is its mutual fund investment platform to provide investors with a complete insight into mutual fund ratings, rankings, and recommendations. You can also get real-time trading & investing ideas on the KyaTrade.

It also has unique & powerful margin or leverage products like CashPlus, StockPlus, and BTPT that offer margin on delivery and margin against shares with Zero trading balance. Check out more details about the SAMCO Review 2022 including account opening charges, brokerage charges, SAMCO trading platforms, and customer care number.

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  • Free Delivery Trading
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Request call back from SAMCO

SAMCO Brokerage Plan, Fees and Charges

Rated 4 stars Brokerage and Commission Rated 4/5

SAMCO has a simple yet competitive Rs. 20 flat brokerage plan that charges a maximum of Rs. 20 per order brokerage fee irrespective of transaction size. However, unlike Zerodha one of the best discount broker, SAMCO does not offer a free delivery trading facility to clients.

SAMCO Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 400 PA

SAMCO Brokerage Plan with closest competitors

Here we are comparing SAMCO with its 5 close competitors, who are currently market leader in brokerage industry.

Broker SAMCO 5paisa Zerodha Upstox Paytm Money
Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 20 Rs 20 Rs 20 Rs 20 Rs 10
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.2% or Rs 20 whichever is lower Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower Free
Equity Intraday 0.02% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Rs 10 or 0.05% whichever is lower
Equity Futures 0.02% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Rs 10 or 0.02% whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 10 per order
Commodity Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.02% or Rs 20 whichever is lower Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Rs 20 per Executed order, with First 20 C&T are free
  • RMS Auto Square Off Charges: Rs 20 per Executed order, with First 20 C&T are free
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit SAMCO Brokerage Charges.

Please refer unique and accurate SAMCO Brokerage Calculator


Type of Account offered by SAMCO

Indian citizens can open a 2-in-1 account (Trading & Demat Account) with SAMCO to trade or invest online in a seamless manner on the best online platforms.

SAMCO Demat & Trading Account

    SAMCO is a CDSL depository participant to provide SAMCO Demat account opening services to clients. Indian residents can open a free SAMCO Trading & Demat account online at zero account opening fee. SAMCO 2-in-1 account is an integrated account for equity and commodity trading and allows you to trade on BSE, NSE, and MCX at Rs. 20/order flat brokerage charges.

SAMCO Commodity Trading Account

    SAMCO has the best commodity trading platform with flat Rs. 20 commodity futures & options brokerage fee, and user-friendly & high-speed commodity trading app, web, and desktop trading software.

    As said earlier, SAMCO maintains a single account for equity as well as commodity trading, thus, all you need to ensure is having an activated MCX trading segment. If you are an existing user with SAMCO Equity Trading Account only, you have to activate the MCX segment by submitting the income proof on the SAMCO Star Back-office platform.

SAMCO Mutual Fund Account

    Once you open a Demat account with SAMCO, you will have free access to its flagship mutual fund investment platform, RankMF. A Free SAMCO Mutual Fund Account enables you to invest in over 3,000 regular mutual fund schemes. You can either start a SIP or invest a sum of money in one go. You can also invest in expert-recommended mutual fund schemes to earn better returns.


How to open SAMCO Account online?

Open SAMCO Trading & Demat Account online instantly within 15 minutes and gets your account activated within 24-48 hours.

Steps to open SAMCO Demat Account online

  1. Head to the SAMCO official website.
  2. Click on the “Open an Account” option.
  3. Free sign-up: Enter your name, email, and mobile number to complete the sign-in process.
  4. Enter KYC details; PAN number and Date of birth as per PAN.
  5. Enter residential address as per the Address proof.
  6. Verify registered email ID with OTP.
  7. Enter your bank account details including account number, IFSC Code, branch name, etc.
  8. Select the trading segments; Equity, derivatives, MCX, Mutual Fund, and CDS.
  9. Upload documents; PAN Card, photograph, bank proof, address proof, income proof, and signature.
  10. Review the details and click on the “E sign using Aadhaar OTP”
  11. Enter your aadhaar card number and the OTP.
  12. Record an in-person video verification by recording a video of yourself holding PAN or Aadhaar card in front.
  13. Congratulations! Your account opening process with SAMCO is complete. You can track KYC status online.

Contact SAMCO

Open Instant and Online account with SAMCO in 15 mins.
Submit Online Form

Alternatives to SAMCO

 Demat Account
 Demat Account
 Demat Account
 Demat Account

SAMCO Mobile App and Trading Platforms

Rated 4 stars Trading Platforms Rated 4/5

SAMCO offers a proprietary Giga Trading Engine-powered StockNote trading platform in mobile app and web versions. It also has installable Nest Trader terminal for high frequency traders.

SAMCO StockNote Mobile App

    StockNote is SAMCO’s revolutionary flagship mobile trading app to facilitate trade on the go. The StockNote share trading app is equipped with powerful computing and analytical technology with a rich UI. Advanced charting tools loaded with 100+ technical indicators, TradingView and ChartIQ library, speedy order execution, powerful & actionable news feed, stock SIP, GTT feature, and SAMCO Stock Ratings are some of the most powerful features of the SAMCO StockNote app. The broker continuously strives to add new features to the app.

SAMCO StockNote Web

    StockNote Web is a web trading platform that users can access via any compatible browser. The 2.0 StockNote web platform is an easy-to-use and powerful trading website with an improved charting experience, real-time price data, personalized feeds, alerts & notifications, and a better UI/UX experience.

SAMCO Nest Trader Desktop Trading Platform

    Nest Trader is installable desktop trading software or trading terminal that comes at a blazing speed. The most advanced, reliable, and ultra-speed NEST desktop platform is compatible across all Windows devices. Quick order execution at a faster speed, powerful charting, organizing multiple charts on a single screen, multiple watchlists, multiple monitors, and customizable interface (layout, colors, fonts, etc.) provides you an unexceptional trading experience on BSE, NSE, and MCX.

SAMCO RankMF

    RankMF is SAMCO’s mutual fund platform in app and web versions that allows customers to invest in regular mutual funds for free at zero brokerage. The broker also provides mutual fund research and ratings to help passive investors to select the best mutual fund scheme.

SAMCO StockBasket

    StockBasket is a mini portfolio investment portfolio where experts recommend you a basket of stocks to help investors to invest in the top quality stocks for wealth creation.

SAMCO Star Back-office

    Clients can get an extensive overview and valuable insights into your trading activities on the SAMCO Star back-office platform. It provides you with a complete portfolio summary, P&L statement, transaction ledger, and a lot more. SAMCO customers can apply for IPO online via UPI on the SAMCO Star platform.

For detail review of mobile app and download please visit SAMCO Trading Platform Review.


SAMCO Trading Pros

  • Trade and invest with SAMCO at flat Rs. 20/order brokerage.
  • Giga trading engine powered next-gen mobile app and trading tools.
  • Zero brokerage mutual fund investment.
  • Get upto 4x leverage/margin in the equity cash segment.
  • Get margin against your holdings on StockPlus.
  • SAMCO offers BTPT (Buy Today, Pay Tomorrow) facility.
  • Equity SIP: Set up a stock SIP on the Stock Note App.
  • Place advanced orders like bracket order, cover order, and after market order.
  • Place a GTT order on Stock Note app with lifetime validity.
  • Get 100% brokerage cashback for the 1st
  • Free stock market learning course for beginners.
  • Very low payment gateway charges of just Rs. 6 + GST.
  • Zero hidden charges.

SAMCO Trading Cons

  • SAMCO does not provide direct mutual funds.
  • You cannot open a 3-in-1 account with SAMCO.
  • NRI cannot open SAMCO NRI Demat & Trading Account.
  • Delivery trading in SAMCO is not free.
  • No monthly trading plans.
  • High Demat maintenance charges of Rs. 400 per year.

SAMCO Customer Care info

SAMCO offers online customer support via customer helpline number or writing a mail to the support desk or by raising an online ticket. The broker does not have branches anywhere therefore, offline support is not available.


Final thought about SAMCO

Rated 4 stars Rated 4/5 by 31 users

Open a free account online with SAMCO to start trading at the low brokerage fee of Rs. 20/order on the speedy and reliable StockNote and Nest Trader trading platforms, and get good margins. Traders and investors can also get expert-recommended portfolios or basket of stocks on StockBasket and mutual funds research on the RankMF platform.

Request call back from SAMCO

Last updated on: 2022-06-22



SAMCO FAQs

There are no minimum balance requirements from SAMCO. You can fund your account as and when you wish to buy shares. Depend on your margin money, you can buy scripts. You can keep your trading account balance zero.

 

Yes. SAMCO is a SEBI and Exchange Registered Broker. The Registration Numbers are as follows :

  • SAMCO Securities Limited - SEBI Reg. No. INZ000002535
  • SAMCO Commodities Limited - SEBI Reg. No. INZ0000013932
  • SAMCO Securities Limited - CDSL: IN-DP-CDSL-443-2008

 

Call & Trade can be done at +91 – 22 – 2222 7777 | +91 22 - 6169 9000.

 

Yes, SAMCO is one of its kinds of discount brokers which is safe for traders as well as investors. It offers multiple leverage products to traders where they can get up to 4X margin on interest. The company is a discount broker that has a fixed brokerage of Rs 20 per trade or 0.5% (whichever is lower). SAMCO is governed by SEBI, NSE, BSE, and MCX, so no need to worry about your money as well as transactions.

 

CDSL is the depository participant of SAMCO. Its depository number is IN-DP-CDSL-443-2008. A Demat account opened with a DP along with other facilities that help them invest and/or trade efficiently.

 

Yes. SAMCO offers to invest in regular mutual funds through Rank MF app and web. The investments in mutual funds through Samco can be performed free of cost. One can invest in various schemes offered by different AMCs. It also helps in identifying the best mutual funds to investors to add in their portfolio according to their financial goals.

 

SAMCO offers free trading and demat account opening. But charges Rs 20 or 0.2% (whichever is lower) per executed order as brokerage on all the trades in Intraday and F&O across Equity, Currency, and Commodity segments.

 

As the name suggests, stop-loss orders are placed to stop a loss. For example, if you wish to sell a scrip which is currently trading at Rs 110 only if its price goes below 105.

There are two types of stop-loss orders:

  • Stop Loss Limit Order = Price + Trigger Price
  • Stop Loss Market Order or Stop Loss Orders = Only trigger price

In Case 1, if you have a buy position, then you will keep a sell SL

In Case 2, if you have a sell position, then you will keep a buy SL

To continue with the above example, in a stop-loss limit order, if one wishes to sell the security only till 100 after it falls below 105, then along with the trigger price of Rs. 105, the limit trade price of Rs 100 would also have to be entered.

In the Stop Loss-M order, you will place a Buy SL-M order with trigger price = 105. Here, when the price of 105 is triggered, a buy market order will be sent to the exchange and your position will be squared off at market price.

 

There are multiple ways to transfer funds into the SAMCO account. These are:

  1. Instant transfer through UPI.
  2. Fund transfer via payment gateway Razorpay.
  3. Depositing funds through RTGS/ NEFT/ IMPS.
  4. Depositing funds to your account by way of cheques.

 


SAMCO User Reviews

avatar
61. Sheetal Mar 17 2017 09:27:58 PM Reply
Hi I new to this.can any suggests which is better samco or zerodh brokerage
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61.1. rohan shetty May 10 2017 03:51:11 PM
samco is better you get free account and you can trade at rs.20
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61.2. MD ANIS ANSARI Jul 11 2020 09:23:25 PM
samco is better then zerodha
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61.3. Vinay Jain Jul 17 2020 12:20:11 PM
Its all depend on your trading and investment requirement. SAMCO, Zerodha, Upstox, 5Paisa, Fyers, Edelweiss all are in competition and all are giving similar plans and services. You cant stamp which one is better in general. its all depends on individuals client requirement.
avatar
60. Abhijit Apr 17 2020 07:13:16 PM Reply
I was having account with SAMCO 1 Yrs back,except for mobile trading app,all is well of Samco. They have Nest Trader with rarely hangs as compair to Zerodha Kite,which frequently does. Customers serive is very good than zerodha.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Excellent
Overall Experience - Average
avatar
59. Amol Rajendra Fartade Feb 13 2019 06:07:20 PM Reply
I am very happy to take the right decision to open an account with Samo. Sam provides the best customer service and hopefully will provide better customer service in the future.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
58. JOCHEF RABHA Oct 21 2018 07:55:40 PM Reply
Can I trade mps infotecnics, kss, mvl like that shares here?
avatar
57. Ashok Kumar Yadav Sep 09 2018 03:55:27 PM Reply
Barhalganj me samco office nhi hai
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57.1. Sandeep Sep 10 2018 08:00:00 PM
SAMCO, dont have branch office model. You need to contact customer care over phone to open new account.
avatar
56. Ahmar Khan Apr 26 2018 06:03:01 PM Reply
SAMCO has proved its worth by introducing a new instrument in the industry, an app called StockNote, which is a tech like you''ve never seen in the Indian trade market yet. No doubt that SAMCO is gonna overtake the leaders of the game in no time.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
56.1. natcheappan Jul 18 2018 11:28:52 PM
Really Worth, Best app for trade....Love it.
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55. Ahmar Khan Apr 26 2018 05:57:56 PM Reply
SAMCO has proved its worth by introducing a new instrument in the industry, an app called StockNote, which is a tech like you''ve never seen in the Indian trade market yet. No doubt that SAMCO is gonna overtake the leaders of the game in no time.
avatar
54. Kiran Bunny Apr 26 2018 05:41:16 PM Reply
The new StockNote app of SAMCO securities is truly awesome. I''ve used a couple of trading apps over the years but this seems unique in comparison to those.
I''d recommend SAMCO and its app to all my friends.
Cheers!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
53. Dilip Feb 17 2018 11:16:46 PM Reply
Good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Average
avatar
52. Datta Andhale Feb 03 2018 03:16:48 PM Reply
Samco security best trading of share market agency

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent