Reviews of Stock Brokers


When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Samco, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Samco founded in 2015 by Vipul Modi is a Private company headquartered in Mumbai, India India. As a Discount Broker, Samco aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Samco operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterMumbai, India
FoundersVipul Modi
Foundation Year2015
Supported ExchangesBSE, NSE, MCX, NCDEX
Total branchesZero

Samco Account opening charges

To begin trading with Samco, you need to open a trading account and a Demat account. Samco charges Free for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesSamco
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Free
Trading AMC (Annual Maintenance Charges)Rs.400 per annum
Margin MoneyZero
Offline to Online ChargesNot applicable

Samco Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Samco brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesSamco
Equity Delivery Brokerage0.2% or Rs.20
Equity Intraday Brokerage0.02% or Rs.20
Equity Futures Brokerage0.02% or Rs.20
Equity Options BrokerageRs.20 per lot

Currency Brokerage Charges

Currency Brokerage ChargesSamco
Currency Futures Brokerage0.02% or Rs.20
Currency Options BrokerageRs.20 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesSamco
Commodity Options Brokerage0.02% or Rs.20

Samco Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesSamco
Minimum Brokerage ChargesAs per Transaction
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 20 per executed order

Samco Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Samco:

Equity LeverageSamco
Equity DeliveryUpto 5x
Equity IntradayUpto 10x
Equity FuturesUpto 5x
Equity OptionsNo

Samco Currency Leverage

Currency LeverageSamco
Currency FuturesUpto 5x
Currency OptionsNo

Samco Commodity Leverage

Equity LeverageSamco
CommodityUpto 5x

Samco Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

Free Stock Trading AccountNo
Free Demat AccountYes
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Samco Features

Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 10x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Samco Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Samco Trading Platforms

The Samco trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Samco Trading Platforms

Desktop Trading PlatformsSamco
Desktop BrowserYes

Samco Mobile App

The Samco mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppSamco
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Samco Web Trading

For web-based trading, Samco offers a powerful trading website known as Samco trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Samco Trade Terminal

Samco offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Samco Customer Support

Customer SupportSamco
Relationship ManagerYes
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support BranchesS

Samco Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Samco.

BSE ComplaintsSamco
BSE Complaints89
BSE Resolved Complaints56
Percentage of resolved BSE complaints62.92 %
NSE Complaints114
NSE Resolved Complaints78
Percentage of resolved NSE complaints68.42 %
BSE/NSE Complaint vs. Resolved Percentage65.67 %


In conclusion, Samco offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Samco can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.