Samco is a discount broker with low cost charges. For brokerage, investors pay either Rs. 20 per order or 0.02% for derivatives and 0.20% for delivery. This allows traders in both large and small sums to benefit from low pricing. Maintenance of the account is Rs 400 but there are no charges for opening the account, unlike most Indian brokers.
By opening the account investors receive both a demat and investor account which can also be of zero balance. This can be done online via samco.com.
Samco allows trading in most Indian stock exchanges like NSE, BSE, MSEI and MXC. The broker offers a variety of tools to enhance trading activities. Trading is possible via the Samco Trader platform for desktop, Samco Mobile Application or Call & Trade. The first 20 calls are free and then traders pay Rs. 20 per order.
Samco offers an exclusive service for discount broker, the CashPlus. This is a delivery leverage on equities to buy shares on NSE and BSE. The leverage is up to 4x of the amount purchased, which means with Rs. 1,00,000 the investor can buy shares of up to Rs. 4,00,000. There is an extra fee of 0.05% on the amount. This feature applies to more than 300 registered stocks.
Moreover, Samco has launched a competition for traders, the Indian Trading League. Every Samco client can participate and based on the percentage of earnings on trading, some winners will be selected, who will earn cash prizes. This is quite a famous competition, for more details check Samco.com.
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Benefits:
Who is Samco?
Based in Mumbai, Samco is an affordable broker launched by Samco Securities. With flat fee pricing, this broker offers trading services to Indian citizens. Samco was the first firm in India to provide margin products in 2016 and now also offers the option of trading in most Indian stock exchanges.
