SAMCO Review – Online Reviews of Services, Brokerage Charges, Margin, Demat Account, Platforms, Research Reports and More

About Samco 

Page Contents Table

Samco (erstwhile recognized as Samruddhi Stock Brokers Ltd) is among India’s prominent discount brokerage firms. Samco is considered to be perfect for newcomers because it has a robust list of medium and straightforward guides, including investments.

The organization is based in the heart of Mumbai & has subsidiaries around the nation in various metropolises. And has been listed as a private corporation and operates as a discount brokerage. The business introduced the Indian Trade League (ITL), India’s 1st investment trading game, in May 2015.

SAMCO Ventures Private Ltd, owned by Jimeet Modi, was established in Mar 2015. Mr. Jimeet Modi is the Chief executive of the organization at the moment. It inherited Samruddhi Stock Brokers Limited, which was founded in 1993 & later renamed to SAMCO Securities.

SAMCO is a discount share brokerage offering both equity and service broker. It is a minimal-cost, tech-driven share dealer & currency distributor that pays fixed trading charges independent of size and has a subscription: all significant Indian share and commodities exchange, namely BSE, NSE, MCX-SX, MCX & NCDEX.

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Samco facilitates its customers to transact through growing trading categories, such as:

  • Equity Trading
  • ETFs
  • Government Bonds
  • Commodity Trading
  • Currency Trading

The mission of this discount brokerage is to offer its clients incredibly cheap investment options that enable it more straightforward for investors and shareholders. The broker is particularly fitting for investors who are focussing on a future investing voyage.

The existing active stockbroker customers are about 38243, which is increasing at a high pace, primarily due to its low investment fees as well as various amenities.

SAMCO Official Trading Platforms and its Features

Discount brokerage firm delivers trading services through computers, be they terminal tools, smartphone phones, including web applications. Let us address each of the following requirements one after the other:

1. SAMCO Trader – The Desktop Based Trading platform

SAMCO Trader is an installable Windows software trading program. The SAMCO trader is a skinned version of the NEST trader. The NEST is the prominent trading site of Omnyses-owned Thomson Reuters.

Most investors in India are very well acquainted with such a trade platform as provided by several different brokerage firms. It is a robust, secure, and customer-friendly brokerage platform built for heavy traders.

Here are some of the best features of the SAMCO trader given below:

  • It can be downloaded and quickly activated.
  • It has a market watching tool available for true-time alerts.
  • The launch quote feature is on the application. It allows the investor to consider the latest action of the share market coupled, including the present quantity and demand proposed by sellers and buyers.
  • There is a convenient exchange option for funds through different banking institutions.

2. SAMCO Web Xpress – The web-based trading Terminal

SAMCO Web Xpress is a browser-based trade portal. This can be accessed via any version of windows through every internet browser. The above trade platform has all the functionality that an investor wants to exchange.

It provides full trading instruments, indexes, specialized order forms such as bracket and covering transactions, rapid orders placements, and many more for BSE, NSE, and MCX markets. Web Xpress is provided entirely free for all of its users.

Some of the best features of SAMCO Web Xpress:

  • It can be used via any computer – laptop, tablet, including a smartphone.
  • It’s got real-time alerts, instant headlines.
  • It’s quick to monitor and position orders.
  • It is an HTML-based trade portal; zero installations are needed.

3. SAMCO Stock Note App – The Mobile-based Trading Application

Samco Mobile is a detailed smartphone investing application via this discount broker. This is considered to be extremely reliable and verifies a logged-in client using a wide variety of protocols.

StockNote is a free smartphone application for BSE, NSE, and MCX trade. The functionality-rich smartphone trade application is quick, convenient, and secure. The device also includes current reports, updates, online reports, stock watches, including tables.

Some of the best features one must know about SAMCO Mobile Stock Note:

  • It uses AI for the strategies and peripherals required to buy and sell.
  • It offers the possibility of investing, which hence allows investors to stay aware of the schedule and keep purchases productive.
  • It is quick and somewhat effective whenever it comes to making an order and monitoring the marketplace.
  • Sufficient graphs and statistics are essential for industry research.
  • Daily reporting, financial details, and monitoring equipment.
  • Alerts may be configured for Trading, including stock shifts.

SAMCO Customer Care, Support and Office Addresses

The discount brokerage firm is transparent to its customers via the necessary interaction networks:

  • Via Emailing
  • Over Phone call
  • Via Social media pages

The difference about Samco whenever it applies to consumer support is that they’re pretty sale-oriented regarding the style of conversation. Moreover, consumer care is mainly targeted at allowing the current customer group not to avoid loss with some particular field.

1. Head office Address, Grievances Email Ids, Customer Support Numbers, and Email Ids for Call and trade.

Head Office AddressSAMCO Securities Limited 1004 – A, 10th Floor, Naman Midtown – A Wing, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013, Maharashtra, India.
For Call and Trade/ Account opening/ Sales and other Support+ 91 22 5028 0000
+91 22 4503 0450
For Grievances and complaints Email us at[email protected]
For Support Email us at[email protected]
For Sales Email Us at[email protected]

2. SAMCO Customer Ratings

SegmentsRating
Customer Education3.0 out of 10.0
Customer Service4.5 out of 10.0
Trade Exposure9.0 out of 10.0
Brokerage charges and its pricing8.0 out of 10.0
Trading platforms and their usability5.5 out of 10.0

SAMCO Prices and Charges

1. SAMCO Account Opening Charges

The comprehensive details about the Trading and DEMAT Account opening charges and its AMC are given below:

SegmentsOpening Charges
Account Opening Charges (Trading)Rs.0/-
Account Opening Charges (DEMAT)Rs.0/-
AMC for Trading AccountRs.400/-
AMC for DEMAT AccountRs.0/-

All account opening charges for the SAMCO Demat accounts are none, which implies that the stockbroker gives a free Demat account. The only payment owing every year is the annual maintenance charge for the brokerage account of Rs.400/-.

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2. SAMCO Brokerage Charges and Plans

Check out the Samco brokerage charges of the share broker:

SegmentsBrokerage Charges
Equity Intraday Trade0.02% or Rs.20/-
Equity Futures Trade0.02% or Rs.20/-
Currency Options TradeRs.20/- each lot
Equity Options TraderRs.20/- each lot
Commodity Options Trade0.02% or Rs.20/-
Equity Delivery Trade0.2% or Rs.20/-
Currency Futures Trade0.02% or Rs.20/-
Samco Open Demate Account
Samco Demate Account

SAMCO’s brokerage fees differ throughout the market. However, the overall amount to be charged on every deal will not increase Rs.20/-. The share distribution portion is 0.2 percent or Rs.20/- the smaller of the both.

For the intraday market, it is 0.02 percent or Rs.20/- and the same is valid for both the commodity markets and the stock and currencies future. The options section is set at Rs.20/- each share, whether this is equity or currency options.

3. SAMCO Transaction Charges

In addition to the account opening & brokerage fee, individual transaction costs imposed on the consumer are as follows:

SegmentsTransaction Charges
Equity Intraday Trade0.00325%
Equity Futures Trade0.0019%
Currency Options Trade0.040%
Equity Options Trader0.05%
Commodity Options Trade0.0026%
Equity Delivery Trade0.00325%
Currency Futures Trade0.0011%

4. SAMCO Other Charges

Here are some of the mandatory additional charges imposed by the broker to its users:

SegmentsOther charges
STT0.0126% of the Total Turnover
Stamp Duty ChargesVaries from one state to another. However, the charge is very nominal.
Transaction chargesThe Percent of the total turnover is charges which is 0.00325%
SEBI Turnover charges0.0002% of the total brokerage turnover
Goods and service Tax18% of the Transaction and Brokerage charge.

These SAMCO fees, which are mainly compulsory fees imposed by the government, are the STT, which is billed at 0.0126 percent of the overall turnover of the merchant; likewise, these SEBI turnover fees are paid at 0.0002 percent of the total turnover.

Aside from all these items, there will be fees for GST and stamp duty charges. The Goods and Service Tax shall be paid at 18% of the total sum of brokerage and exchange costs for the trade.

The transaction above is paid at the cost of 0.00325 percent on the gross revenue. The stamp duty rates are rather low which rely upon the state from which you are dealing.

SAMCO Margin and Exposure

The detailed information about the SAMCO trade margin offered by the broker to its users for all respective trading segments:

SegmentsMargin and Exposure
Equity Intraday TradeExposure of up to 15 times on intraday
Equity Futures TradeMargin of 2.5 times for intraday
Currency Options TradeNo leverage in buying 2.5 times leverage on shorting
Equity Options TradeNo leverage in buying 2.5 times leverage on shorting
Commodity Options TradeOnly 2 times exposure for intraday
Equity Delivery TradeNo margin is offered
Currency Futures TradeMargin of 2.5 times for intraday

Comparison of SAMCO with Best Brokerage Firms.

1. SAMCO Comparison with Closet Discount Brokers Firms

Brokerage FirmFyersStoxkartSAMCOUpstox
Type Of Service OfferedAn Online Discount BrokerAn Online Discount broking service ProviderAn online discount brokerage firmAn Online Discount Broker
Type Of Trading AccountsTrading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1
Range Of Brokerage  ChargesRs.20/-Rs.15/-Rs.20/-Rs.20/-
Equity OptionsRs.20/-Rs.15/-Rs.20/-Rs.20/-
Equity IntradayRs.20/-Rs.15/-0.02% or Rs.20/-Rs.20/-
Equity FuturesRs.20/-Rs.15/-0.02% or Rs.20/-Rs.20/-
Currency OptionsRs.20/-Rs.15/-Rs.20/-Rs.20/-
Equity DeliveryRs.0/-Rs.0/-0.02% or Rs.20/-Rs.0/-
Currency FuturesRs.20/-Rs.15/-0.02% or Rs.20/-Rs.20/-
CommodityNot ApplicableRs.15/-Rs.20/-Rs.20/-
Rating4.0 out of 5.04.5 out of 5.04.1 out of 5.04.3 out of 5.0

2. Comparison of SAMCO with top Full-service brokerage Firms

Brokerage FirmSharekhanAngel BrokingSAMCOEdelweiss
Type Of Service OfferedA Full-Service broking service providerA Full-Service BrokerAn online discount brokerage firmA Full-Service Brokerage Firm
Type Of Trading AccountsTrading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1Trading and DEMAT Account or 2 in 1
Range Of Brokerage  Charges0.10% to 0.50%Rs.15/- to Rs.30/-Rs.20/-Rs.10/- or 0.5%
Currency OptionsRs.25/- or 2.5%Rs.30/-Rs.20/-Rs.10/-
CommodityRs.0.10/- or 0.1%Rs.30/-Rs.20/-Not Applicable
Equity DeliveryRs.0.50/- or 0.5%Rs.15/- for less than Rs. 50,000/- And Rs.30/- for more than Rs.50,000/-0.02% or Rs.20/-0.01% of Rs.10/-
Equity FuturesRs.0.10/- or 0.1%Rs.30/-0.02% or Rs.20/-0.01% of Rs.10/-
Currency FuturesRs.0.10/- or 0.1%Rs.30/-0.02% or Rs.20/-0.01% of Rs.10/-
Equity OptionsRs.25/- or 2.5%Rs.30/-Rs.20/-0.01% of Rs.10/-
Equity IntradayRs.0.10/- or 0.1%Rs.15/- for less than Rs. 50,000/- And Rs.30/- for more than Rs.50,000/-0.02% or Rs.20/-0.01% of Rs.10/-
Rating4.0 out of 5.04.3 out of 5.04.1 out of 5.04.1 out of 5.0

SAMCO Complaints received at BSE/NSE.

The total of SAMCO consumer allegations collected by the trade exchanges. The SAMCO Customer Satisfaction Analysis tries to explain overall consistency & efficiency of the SAMCO Securities Limited service.

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ExchangeFinancial YearNumber of Clients*Complaints**
NSE2019-2051,43241
BSE2019-209,2722
NSE2018-1938,90121
BSE2018-198,1822
NSE2017-1829,59522
BSE2017-1811,9072
NSE2016-1718,17619
BSE2016-175,4384
NSE2015-168,2568
BSE2015-161,9383

SAMCO Pros and Cons

SAMCO Pros

  • NRI Demat Account is available for NRI trading.
  • Detailed instructional content for newbie and advanced trade investors.
  • High margins for various trade groups depending on the form of transaction.
  • Best in class brokerage services when compared with other discount brokerage.
  • Superb Mobile based trading platform
  • Daily trade confirmation calls and emails.
  • Email based customer service
  • Live chats via web forms.

SAMCO Cons

  • Investment in the Mutual Fund is currently not provided. 
  • SAMCO is an online discount brokerage firm. It doesn’t include regional customer outlets for Support.
  • The online IPO program is not applicable to SMACO.
  • Call & exchange is eligible at a surcharge of 20 every request performed.
  • Protection issues in the trading networks.
  • Latest issues have repeatedly been posed in the smartphone application.

Conclusion

SAMCO, as a fresh discount brokerage on the marketplace, has earned sufficient respect because of its outstanding offerings, but there is quite a long way to go to make of trade platforms, the analysis capabilities that render it a successful brokerage firm on the industry.

the broker also serves a goal to overcome the age-old challenges faced by investors in the share market & to present them with a modern and updated trading network that gives everyone the strongest incentives.

The key aim of the full discount brokerage firm is to allow investing practical and fair for any prospective Indian investor.

SAMCO General FAQs

Q1. Does SAMCO offers IPO based investment?

Ans. No, SAMCO doesn’t offer IPO based investment.

Q2. Being a user is it’s possible to invest in mutual funds via SAMCO Securities?

Ans. No, it is not possible to invest in Mutual Funds via SAMCO Securities.

Q3. Is there any offline customer support available with SAMCO?

Ans. No, there is no Offline customer support available with SAMCO.

Q4. Does SAMCO offers Email based customer support to its users?

Ans. Yes, SAMCO offers Email based customer support to its users.

Q5. Does SAMCO offers Live chats via web forms support to its users?

Ans. Yes, SAMCO offers Live chats via web forms support to its users.

Q6. Does SAMCO allows its customers to use margin trading to its users?

Ans. Yes, SAMCO allows its customers to use margin trading to its users.

Q7. Does SAMCO provides trade conformation notification via calls?

Ans.  Yes, SAMCO provides trade conformation notification via calls.

Q8. Does SAMCO provides trade conformation notification via Emails?

Ans.  Yes, SAMCO provides trade conformation notification via Emails.

Q9. Does SAMCO offers services to NRI customers?

Ans. Yes, SAMCO offers services to NRI customers.

Q10. Does SAMCO offers NRI based DEMAT accounts?

Ans. Yes, SAMCO offers NRI based DEMAT Accounts.

Q11. Does SAMCO offers Equity Intraday trading to its clients?

Ans. Yes, SAMCO offers Equity Intraday trading to its clients.

Q12. Does SAMCO offers Equity Future trading to its clients?

Ans. Yes, SAMCO offers Equity Future trading to its clients.

Q13. Does SAMCO offers Currency Option trading to its clients?

Ans. Yes, SAMCO offers Currency option trading to its clients.

Q14. Does SAMCO offers Equity Option trading to its clients?

Ans. Yes, SAMCO offers Equity Option trading to its clients.

Q15. Does SAMCO offers Commodity trading to its clients?

Ans. Yes, SAMCO offers Commodity trading to its clients.

Q16. Does SAMCO offers Equity Delivery trading to its clients?

Ans. Yes, SAMCO offers Equity Delivery trading to its clients.

Q17. Does SAMCO offers Currency Future trading to its clients?

Ans. Yes, SAMCO offers Currency Future trading to its clients.

Q18. Does SAMCO charges for STT from its customers?

Ans. Yes, SAMCO charges for STT from its customers.

Q19. Does SAMCO charges for Stamp duty charges from its customers?

Ans. Yes, SAMCO charges for Stamp duty charges from its customers.

Q20. Does SAMCO charges for trade transaction from its customers?

Ans. Yes, SAMCO charges for Trade transaction from its customers.

Q21. Does SAMCO charges for SEBI Turnover from its customers?

Ans. Yes, SAMCO charges for SEBI Turnover from its customers.

Q22. Does SAMCO charges for Goods and Service Tax from its customers?

Ans. Yes, SAMCO charges for Goods and service Tax from its customers.

Q23. Does SAMCO demands transaction charges for Equity Intraday Trade?

Ans. Yes, SAMCO demands transaction charges for Equity Intraday Trade.

Q24. Does SAMCO demands transaction charges for Equity Futures Trade?

Ans. Yes, SAMCO demands transaction charges for Equity Futures Trade.

Q25. Does SAMCO demands transaction charges for Equity Options Trade?

Ans. Yes, SAMCO demands transaction charges for Equity Option Trade.

Q26. Does SAMCO demands transaction charges for Commodity Trade?

Ans. Yes, SAMCO demands transaction charges for Commodity Trade.

Q27. Does SAMCO demands transaction charges for Currency Option Trade?

Ans. Yes, SAMCO demands transaction charges for Currency Option Trade.

Q28. Does SAMCO demands transaction charges for Equity Delivery Trade?

Ans. Yes, SAMCO demands transaction charges for Equity Delivery Trade.

Q29. Does SAMCO demands transaction charges for Currency Futures Trade?

Ans. Yes, SAMCO demands transaction charges for Currency Futures Trade.

Q30. What is the official Support Email Id of SAMCO?

Ans. The Official Support email ID of SAMCO is [email protected]

Q31. What is the official Sales Email Id of SAMCO?

Ans. The Official Sales email ID of SAMCO is [email protected]

Q32. What is the official grievances Email Id of SAMCO?

Ans. The Official grievances email ID of SAMCO is [email protected]

Q34. What is the official compliant Email Id of SAMCO?

Ans. The Official complaint email ID of SAMCO is [email protected]

Q35. What is the official Call and Trade customer support number of SAMCO?

Ans. The Official Call and trade customer support number of SAMCO is + 91 22 5028 0000.

Q36. What is the official Account Opening customer support number of SAMCO?

Ans. The Official Account Opening customer support number of SAMCO is + 91 22 5028 0000.

Q37. What is the official Sales customer support number of SAMCO?

Ans. The Official Sales customer support number of SAMCO is + 91 22 5028 0000.

Q38. Does SAMCO offers Daily trade reporting to its users?

Ans. Yes, Does SAMCO offers Daily trade reporting to its users.

Q39. Does SAMCO provides Trade notifications to its customers?

Ans. Yes, SAMCO provides Trade notifications to its customers.

Q40. Does SAMCO provides Trade monitoring to its customers?

Ans. Yes, SAMCO provides Trade monitoring to its customers.

Q41. Does SAMCO provides real time alerts to its customers?

Ans. Yes, SAMCO provides real time alerts to its customers.

Q42. Does SAMCO offers real-time fund transfer facility to its customers?

Ans. Yes, SAMCO offers real-time fund transfer facility to its customers.

Q43. Does SAMCO Allows its users to trade in ETFs?

Ans. Yes, SAMCO Allows its users to trade in ETFs.

Q44. Does SAMCO Allows its users to trade in Government Bonds?

Ans. Yes, SAMCO Allows its users to trade in Government Bonds.

Q45. Does the support offered by SAMCO securities is trust worthy?

Ans. Yes, the support offered by SAMCO securities is trust worthy.

Q46. Does SAMCO Securities charges for Call and Trade facility from its users?

Ans. Yes, SAMCO Securities charges for Call and Trade facility from its users.

Q47. Is SAMCO securities is Good for Beginners?

Ans. Yes, SAMCO securities is good for beginners.

Q48. Does SAMCO Securities offer good amount of incentives to its customers?

Ans. Yes, SAMCO Securities offers good amount of incentives to its customers.

Q49. Does SAMCO Securities offer any type of backing facility to its users?

Ans. No, SAMCO Securities offer any type of backing facility to its users.

Q50.  Does SAMCO Securities offer any type of Insurance facility to its users?

Ans. No, SAMCO Securities offer any type of insurance facility to its users.