Sas Online Review – Demat A/C, Brokerage Charges, Margin

Sas Online Review 

SAS Online or in other words South Asia Stocks Limited is one of the youngest discount stockbroking firms of India.  It was established in April 2013 and gained its first 1000 clients within 6 months. SAS Online was unique because it came to existence by a young entrepreneur Shrey Jain.

The main goal of SAS Online is to provide simple and competitive brokerage. Keeping high-quality customer service and provide the best platform for trading based on services and excellence.

At the current stage, the company has more than 13,000 active traders with a daily turnover of Rs. 8000+ Crore. This discount broker provides trading from most popular exchanges like NSE, BSE, and MCX.  SAS Online is partnered with NSDL as a depository participant.

The business started with a team of 3 and started growing exponentially with time in terms of tools, clients, traders, and team members. This broker got an Award in 2015 by NSDL for being the best Rising DP.

The best thing about the discount broker is that it does all its operations over online, which helps SAS Online to provide the lowest brokerage rates.

You can trade in the following segments with SAS Online:

• EQUITY
• DERIVATIVE TRADING
• CURRENCY TRADING
• COMMODITIES TRADING
• MUTUAL FUNDS

Sas Online Pricing & Charges

Before opening a trading account with this discount broker, all you need to know different types of charges included. It is always recommended to get it documented or mailed from their official mail id. This will help you in later stages while trading.

Here are the details about all the charges.

#1. Account Opening Charges & Annual Charge

All the details for opening a Trading and DEMAT account including AMC for your account:

Note: SAS Online doesn’t provide in house DEMAT services.  Clients will be provided with A DEMAT account opened via IL&FS, a well prominent depository of India.

#2. SAS Online Brokerage Charges

• Stamp Duty: it is the charges differ from state to state where the client belongs.
• Goods and Services Tax (GST): it is charged based on the total brokerage charge including transaction charges. However, only 18% of the total is charged from the client.
• SEBI Turnover Fees: This is charged at Rs. 15 per Crore.
• Transaction or Turnover Charges: it is charged at Rs. 220 per crore for Futures, Rs. 5500 per crore on premium for options, Rs. 325 per crore for Equity.

#3. SAS Online Brokerage Plans And Monthly Plans

Rs. 9 per trade in almost all segments: For each executed order users need to pay Rs. 9 or 0.01% for both intra-day and delivery. In Addition, the price of equity, currency, and commodity are the same.

Benefits:

• Your shares generate margin
• The same plan works for both intraday and delivery
• 20X leverage in case of Equity cash and 5X on NFO & MCX.
• No minimum account, no prior commitments required.

Rs. 999per month (MCX): This plan provides unlimited trading at Rs.999 per month in the commodity segment.

Benefits:

• Without any hidden charges
• No deposit
• No commitments required
• 20X leverage in case of Equity cash and 5X on NFO & MCX.

Rs. 999 per month for Equity: User can trade across all stock exchanges i.e., NSE Cash, BSE Cash, NSE F&O in just Rs.999/month.

Benefits:

• Your shares generate margin
• Unlimited trading
• No deposit
• No commitments required
• Softwares are totally free
• 20X leverage in case of Equity cash and 5X on NFO & MCX.

Currency Trading at Rs. 499 per month: The client gets the benefits of unlimited currency derivative trading in just Rs. 499 per month.

Benefits:

• Your shares generate margin
• Unlimited trades
• No deposit
• No commitments required
• Softwares are totally free.
• 20X leverage in case of Equity cash and 5X on NFO & MCX.

#4. Transaction & GST Charges

Unlike other charges and brokerage, the transaction charges are also very low. Moreover, this discount broker plays it smartly by keeping the brokerage charges and transaction charges at the lowest to attract more clients.

For example, the table is given below mentioning all transaction charges:

• In the case of Equity Delivery and Equity Intraday, this financial company charges the lowest and competitive transaction charges of 0.00325%.
• In Equity futures and Currency futures, this discount broker played the masterstroke by charging only 0.0025% and 0.00165% respectively on the transaction.
• However, in the case of equity Options and Currency Options, the transaction charges are a bit high by 0.065% and 0.06% respectively which is somehow manageable.
• Lastly, the transaction charge on commodity dealing is 0.0031% which is effectively charged.

SAS Online Margin/ Leverage / Exposure / Limit 

Being a discount stock broker, it provides the best leverage to their traders with maximum exposure with limited equity.

Let’s find out some of the Capital Margin and Exposure.

• The best thing about this discount stockbroker is to provide high exposure up to 5 to 9 times in Intraday.
• In the case of Currency Futures, the stockbroker provides up to 2 times for Selling and charges nothing on Buying.
• Exposure in the case of Currency Options and Commodity trading is up to 2 times.
• SAS Online charges up to 2 times in case of Equity Futures
• Whereas in case of Equity Options this discount Broker claims up to 2 times for selling and charges nothing for buying.

SAS Online Exposure and Margin Table mentioned below:

SAS Online Trading Platforms/Terminals.

Being a discount broker it provides a vast range of trading platforms which includes desktop installable software, web browser-based terminals, and lastly a mobile platform based app.

1. SAS Online ALPHA TRADER.

It is a desktop-based application that is totally free and can be downloaded and installed on any laptop, desktop or MAC without any issues. All you need to do login in with your credentials and start your trading activities.

Some of its features are mentioned below:

• The user interface is 100% customizable. As per needs, users can customize every component like functions, colors, and headers, etc.
• Users can analyze and observe market trends based on advanced charting features.
• Super synced real-time market reports and information across BSE, MCX & NSE in a single interface.
• More than 10 types of charts are provided for efficient stock market analysis. In addition, more than 80 technical indicators are integrated into the application.

2. SAS Online Web Trading- ALPHA WEB.

SAS Online provides users a cloud-based browser driven online trading terminal. Users can operate it via a laptop or desktop without any technical knowledge of downloading and installation.

Here are a few important features of ALPHA WEB.

• Most web browsers support ALPHA WEB.
• Users can experience Hassle-Free trading with Real-Time Quotes.
• A low-end laptop or desktop can handle it smoothly because no special configuration required. It is super efficiently optimized and lightweight too.
• Similarly, more than 100 technical indicators and 10 types of charts are provided to the users for better market analysis.

The web-based browser terminal is well optimized which makes it lightweight and responsive in nature. Therefore, it provides users to trade from anywhere without any hassle and with top-class user experience.

SAS Online is very much concerned about user experience; a dictated team is performing its best to improve user experience. So, the user can trade more easily and with high convenience.

3. SAS Online Mobile Trading Platform- ALPHA MOBILE APP.

It is supportable across all mobile platforms like iOS, Android, & Windows Mobile. It provides the user with high flexibility of trading, with real-time quotes and market information analysis just with their mobile devices.

It comes with certain best features which include:

• The discount broker manages to provide all important segments like Equity, future, currency, options, and commodity from all leading exchanges i.e., NSE, MCX, and BSE.
• The availability of intraday charts helps the users to analyze the market at the right time.
• With SAS ALPHA MOBILE APP we can check and manage holdings.
• Almost zero downtime with regular market updates.
• Trade confirmation messages via SMS on your registered phone number.

App rating based on the Google Play store:

• Issues encountered by the users while using the mobile app
• While accessing features such as charts and orders, the user experience is below average.
• Automatically gets the user logged out without notifying, this is extremely pathetic while placing orders.
• In Addition, the app slows down sometimes depending upon your internet connection.

4. SAS Online NEST TRADER.

Excluding, all its own proprietary trading software. sasonline.in allows its clients to trade with NEST TRADER too. The user needs to install it on his/her computer and start trading with login credentials.

• Users can customize functional components as per choice. Therefore, the software gives flexibility and ease to operate.
• A vast range of charts and indicators which avails users to analyze market trends and perform trades based on the stock analysis.
• Trading across multiple stock exchanges like NSE, BSE, and MCX.
• You can control your funds, net positions, and current holdings just via a quick look feature.

This software is essential for all traders and investors because it is well optimized and maturely designed. However, beginner traders may find it difficult to handle at the initial stages.

5. SAS Online BACK OFFICE Terminal

The Back Office application of SAS Online provides the users to perform all administrative tasks linked with your Stock Broker. The login process is smooth, all we need to enter Client ID and PAN Card number as Password.

Here are some features of the SAS Online Back Office App:

• The client can check his/her positions, holdings debits, credits, and closing balance too.
• Accessing financial ledger feature is available.
• Full comprehensive details of your trades that you recently bought or sold.
• Contract notes can be viewed or downloaded.
• You can place request orders regarding stock transfer to your DEMAT Account.
• In addition, the request can be placed for stock pledging and later can be canceled with another request.
• Although this discount broker provides a Back Office app support. However the features, the design is sort of “Okayish”.  The overall user experience is below average and can be improved.

SAS Online Ratings

Sas Online Products & Amazing Features

1. Equity Service:

When it comes to stock market investments the most prevalent word that comes to every investor’s mind is the word “EQUITY”.  The majority of the first time investors start their stock market career with equities. There are very few beginner level investors and traders actually understand the meaning of Equity.

There are many things one should know before trading in equity-like, what are the risks it carries? How many returns you can expect over a span of time? Equity is basically the owner of a company n the form of stake.

2. Derivative Trading:

Derivatives are one of the most complex financial instruments as well as the most rewarding elements too. It is a trading mechanism in which investors enter into an agreement to trade in a future date or at a certain price. The proper analyzing the future value of the assets of the derivative you expected.

Derivatives’ trading is the best of both short and long term investors. The process is normal as we can buy and sell easily.

3. Currency Trading:

As we all know currency trading is a challenging segment to perform effectively. It is basically the process of buying and selling of foreign exchange and currencies.

It is the largest financial market in the world as more than $5 trillion of world currencies are traded daily. It is the most challenging, adventurous, form of trading, which is mainly dominated by big players like banks and financial institutions; it also provides scope to big retail investors too.

4. Mutual Funds:

Investing in mutual funds is somehow an opportunity to earn higher returns. The main benefit of a mutual fund over stock investing is the less risk factor involved.

Assets Management Companies (AMCs) generated funds from multiple investors through different mutual funds schemes.

After generating enough funds, proper planning is done to invest it in different financial products, such as equities, debt, and government bonds, and securities.

5. Commodity Trading:

It is one of the newest or upcoming forms of trading in India. Commodities are an integral part of everyone’s life and trading in commodities is immemorial. Nowadays the concept of commodity trading is totally changed.  In olden days we used to trade in cattle metals spices, grains, etc. but now the commodities are traded online over commodities exchanges and no involvement of actual delivery.

6. Brokerage Calculator:

An individual can perform his/her entire brokerage costs and other transaction charges using a brokerage calculator. Based on the trading pattern for both Intraday and Delivery can be monitored using a calculator.

A brokerage calculator includes many more advantages over calculating delivery charges. Moreover, it also calculates stamp duty, transaction charges, STT, and many more trading expenses.

7. SAS Online SPAN Margin Calculator:

It is a live tool that allows the client to calculate a comprehensive margin including SPAN and Exposure. Calculating margin for options or any multi-leg F&O while trading in equity. It is mainly used to gather accurate data in real-time. Span margin data keeps on updating from NSE website 6 times a day.

In this exchange platform, every trader must have a SPAN margin integrated with the account before doing any trade-in F&O. SPAN calculator allows you to calculate maximum potential loss cover which an exchange wants in advance for F&O trades.

SAS Online Office Addresses And Customer Service

SAS Online Pros & Cons

SAS Online Account Opening process and multiple options

It is the most easiest process to open an account with SAS Online. They kept the procedure really simple and can be done in just few clicks. For any personal assistance you can call their customer support team.

Download And Courier

• You can download Account Opening forms from the SAS Online official website under the Download section you will find Account Opening option.
• Take the print out of the downloaded form, fill all details required information, then sign the form on the mentioned places, attach all required documental proofs and the send it via  courier to their office address mentioned below:
• 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi – 110092.

Requesting forms via Courier

• All you need to raise a request to send all account opening forms via courier facility. For requesting SAS Online customer care just drop an email [email protected]
• Once you receive your account opening documents then read all terms and conditions carefully after that fill with desired information in detail.
• If you find any difficulties in filling the forms just call SAS online customer supports as they are 24×7 available for their valuable customers.
• You need to pay the courier charges of Rs. 100 + the account opening changes including tax.

SAS Online Account Opening Documents

• Photocopy of Adhaar Card and PAN Card.
• For address proof, you can provide an electric bill, driving license, passport, electoral voter card, etc
• Note: Address proofs including any bills must not be older than 3 months.
• 5 colored passport size photographs.
• A name printed canceled cheque or latest bank statements including your photo on it.
• However, if you want to trade derivatives, then you need to provide a few additional documents mentioned below:
  • 1. Pay Slip (Latest)
  • 2. Latest IT Returns/ Form 16
  • 3. Bank statements of minimum last 6 months
  • 4.  Copy of Demat holding with any other Broker(if any)
• A cheque favoring “SOUTH ASIAN STOCKS LTD.” of Rs. 600/- (200 for Trading + 200 for Demat + 200 + 18% GST for Demat A/c AMC).
• A cheque favoring “SAS Online Commodities Pvt Ltd” of Rs.200/- for Commodity Account Opening.
• A cheque favoring “SOUTH ASIAN STOCKS LTD.” of Rs. 200/- (If only Trading account opening).

SAS Online Fund Transfer

For Deposits

• Using multiple Payment Gateways
• It is very simple to deposit funds to the SAS Online trading account from your linked bank account just using their payment gateway. Moreover, It is instantaneous and you will be charged Rs. 9 per transaction.
• Steps for Fund Transfer using the Payment Gateway:
• Login to Sas Online account open Funds Transfer pay option in SAS NEST Trader or via Payment Gateway Login Tab above.
• Enter the amount that you wish to deposit.
• Once you enter the amount the system will automatically link you will your bank’s website, after you need to log in with your predefined credentials.
• At last the amount gets automatically credited to your trading account.

By NEFT/RTGS/IMPS Methods

It is an easy way to electronically transfer the funds to the trading account without any hassle. Funds transferred from the HDFC bank will reflect instantaneously in your account. However, from any other bank it will usually take 3-4 hours depending upon the bank.

The user needs to share the transfer details with the bank logo and transaction details for verification.

IMPS fund transfer is an instant transfer method. However, you need to share bank statements. Including your name account number and transaction details from verification.

By Cheque Deposit:

• You can transfer funds to SAS Online trading Account by Cheque from any of your linked bank accounts.
• Note: In Case of Equity: cheque should be in favor of “South Asian Stocks Ltd”
• In Case of Commodity: cheque should be in favor of “SASS Online Commodities Pvt Ltd.”
• Cheque to be payable at Delhi and you can deposit it in our HDFC account or courier it to us at SAS Online, 3rd Floor, Apartment No.5, General Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi – 110092

SAS Fund Withdrawals

With your credentials, you just need to place a withdrawal request via the sas online back office terminal.

However, it takes a few hours to get reflected in your bank account. Be sure by the end of the day it will be credited at your personal bank account.

SAS Online PAYOUT

• All payouts processed by SAS Online are at the end of the day. However, the user can generate a payout request by the SAS Back Office Online app or by Email.
• All withdrawal requests are processed via NEFT or RTGS at the end of the trading session. Any request placed after 6 pm will generate on the next working day whereas the order processing is instantaneous from the broker side.
• Similarly, multiple payment gateways are integrated with your trading account so that users can deposit money without any hassle. Each transfer charge costs you Rs. 9.
• All you need to login to the NEST Trader or directly pay via the gateway provided by the broker.
• Just simply enter the amount you want to transfer and then choose the desired mode and bank to make the actual transaction.
• However, there is another way also to make payments directly to the broker’s HDFC Bank Account via NEFT/IMPS/RTGS.

SAS Online Brokerage Charges comparison with closet competitors.

Meanwhile, let’s compare brokerage charges of SAS Online with its 5 closest competitors who are currently playing in the markets as leaders.

SAS Online Complaints

Here we mentioned all SAS Online brokerage complaints received by the stock exchanges from SAS online customers.

SAS Online General FAQs

Q. What is the full name of SAS Online?

Ans. South Asia Stocks Limited.

Q. In which year SAS Online was established?

Ans. In April 2013

Q. Who was the founder of SAS Online?

Ans. Shrey Jain

Q. What is the active client base of SAS Online?

Ans. 13,000

Q. What is the daily turnover of SAS Online?

Ans. It is around 7000+ Crores.

Q. On which segments SAS online provides trading?

Ans. Equity, Derivative Trading, Currency Trading, Commodities Trading, Mutual Funds.

Q. What is the meaning of Derivative Trading?

Ans. Derivatives are one of the most complex financial instruments as well as the most rewarding elements too. It is a trading mechanism in which investors enter into an agreement to trade in a future date or at a certain price. The proper analyzing the future value of the assets of the derivative you expected.

Derivatives’ trading is the best of both short and long term investors. The process is normal as we can buy and sell easily.

Q. What is the Brokerage Calculator?

Ans. An individual can perform his/her entire brokerage costs and other transaction charges using a brokerage calculator. Based on the trading pattern for both Intraday and Delivery can be monitored using a calculator.

A brokerage calculator includes many more advantages over calculating delivery charges. Moreover, it also calculates stamp duty, transaction charges, STT, and many more trading expenses.

Q. What is the Registered Office Address of SAS Online?

Ans. 3rd Floor, Building No. 5, Local, Shopping Complex, Rishabh Vihar, East Delhi – 110092, Landmark: Near Karkarduma Metro Station

Q. What is the SAS Online ALPHA TRADE?

Ans. It is a desktop-based application that is totally free and can be downloaded and installed on any laptop, desktop or MAC without any issues. All you need to do login in with your credentials and start your trading activities.