Reviews of Stock Brokers
SAS Online
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 SAS Online, 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.
Overview
SAS Online founded in 2013 by Shrey Jain & Siddharth Jain is a Private company headquartered in New Delhi, Delhi India. As a Discount Broker, SAS Online 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 SAS Online operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.
| Overview | SAS Online |
|---|---|
| Broker Type | Discount Broker |
| Type of company | Private |
| Headquarter | New Delhi, Delhi |
| Founders | Shrey Jain & Siddharth Jain |
| Foundation Year | 2013 |
| Supported Exchanges | NSE, BSE and MCX |
| Total branches | 1 |
SAS Online Account opening charges
To begin trading with SAS Online, you need to open a trading account and a Demat account. SAS Online charges Free for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 for the Demat account. However, it's worth mentioning that trading AMC is free.
| Account Opening and Demat Charges | SAS Online |
|---|---|
| Trading Account Opening Charges | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.300 |
| Trading AMC (Annual Maintenance Charges) | Free |
| Margin Money | Zero Margin |
| Offline to Online Charges | Yes |
| Depository | CDSL & NSDL |
SAS Online Brokerage Charges
One of the main factors to consider when choosing a stockbroker is the brokerage charges. SAS Online brokerage charges for various segments are as follows:
- Equity delivery: SAS Online offers free brokerage for equity delivery trades. This means you can buy and hold stocks without incurring any brokerage charges.
- Equity intraday: For equity intraday trades, SAS Online charges a flat rate of Rs.9 per executed order per order.
- Equity futures: The brokerage charge for equity futures is also Rs.9 per executed order per order.
- Equity options: SAS Online charges Rs.9 per executed order per order for equity options trading.
- Currency: For currency futures and options trading, SAS Online charges Rs.9 per executed order per order.
- Commodity: The brokerage charge for commodity trading is Rs.9 per executed order per order.
Equity Brokerage Charges
| Equity Brokerage Charges | SAS Online |
|---|---|
| Equity Delivery Brokerage | Rs.9 per executed order |
| Equity Intraday Brokerage | Rs.9 per executed order |
| Equity Futures Brokerage | Rs.9 per executed order |
| Equity Options Brokerage | Rs.9 per executed order |
Currency Brokerage Charges
| Currency Brokerage Charges | SAS Online |
|---|---|
| Currency Futures Brokerage | Rs.9 per executed order |
| Currency Options Brokerage | Rs.9 per executed order |
Commodity Brokerage Charges
| Commodity Brokerage Charges | SAS Online |
|---|---|
| Commodity Options Brokerage | Rs.9 per executed order |
SAS Online Other Charges
In addition to brokerage charges, there are other charges to consider:
- Minimum brokerage charges: SAS Online imposes a minimum brokerage charge of Rs.9 per executed order.
- Transaction brokerage charges: A customer incurs transaction brokerage charges, which amount to 0.00295% of Total Turnover of the total turnover.
- SEBI turnover charges: Securities and Exchange Board of India (SEBI) levies turnover charges, which are 0.0002% of Total Turnover.
- Stamp duty charges: Stamp duty charges differ based on the state and the specific category of asset.
- GST charges: A GST of 18% of (Brokerage + Transaction Charges) is applied to brokerage and transaction charges.
- STT (Securities transaction tax): SAS Online charges 0.0126% of Total Turnover of the total turnover as STT.
- Call and trade charges: If you place orders through call and trade, SAS Online charges Rs 20 per trader.
| Other Brokerage Charges | SAS Online |
|---|---|
| Minimum Brokerage Charges | Rs.9 per executed order | Transaction Brokerage Charges | 0.00295% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | Call and Trade Charges | Rs 20 per trader |
SAS Online Equity Leverage
Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by SAS Online:
| Equity Leverage | SAS Online |
|---|---|
| Equity Delivery | Upto 2x | Equity Intraday | Upto 7x | Equity Futures | Upto 3x | Equity Options | Upto 6x |
SAS Online Currency Leverage
| Currency Leverage | SAS Online |
|---|---|
| Currency Futures | Upto 1x | Currency Options | Upto 3x |
SAS Online Commodity Leverage
| Equity Leverage | SAS Online |
|---|---|
| Commodity | Upto 2x |
SAS Online Offers
Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:
| Offers | SAS Online |
|---|---|
| Free Stock Trading Account | Yes | Free Demat Account | Yes | Flexible Plans | No | Brokerage Discounts | Yes | Happy Hours | No | 1 Month Free Plan | No | Holiday Offers | No | Referral Program | No | Zero Brokerage on Loss Trades | No |
SAS Online Features
- Full Service Brokers:
SAS Online is a leading online stock broker in India that offers discount brokerage services to retail investors. It charges a flat rate of Rs.9 per executed order per order executed, regardless of the trade size, segment, or exchange.
- Range of Investment Products:
SAS Online is a one-stop shop for various financial investment products. It allows investors to trade in equity, commodity, and currency at BSE, NSE, and MCX. Additionally, it offers investment options in mutual funds, gold, peer-to-peer lending, insurance, and US investments.
- Subscription Plans:
SAS Online provides three subscription plans: Basic pack, power investor pack, and ultra trader pack. These plans offer different benefits, including reduced brokerage fees, free trades, research advisory, and dedicated customer support.
- Research and Advisory Services:
SAS Online stands out by offering exhaustive research and advisory services. It provides short-term and long-term investment ideas, derivative strategies, and portfolio-based investment ideas. The platform also offers a portfolio analyzer tool to analyze the performance of your investments.
- Margin Funding:
SAS Online provides margin funding services. These enable you to make partial payments for your purchases in the cash segment. The balance is funded by SAS Online at a nominal rate.
- Mobile Trading App and Trading Platforms:
SAS Online provides a user-friendly mobile trading app, a web-based trading website, and an installable trading terminal. These platforms are built on the latest technology and offer seamless trading experiences. The mobile app allows trading, robo-advisory, and access to various investment options.
- Demat Account Services:
SAS Online offers demat account services through its membership with CDSL. It has been recognized as a premier depository participant by CDSL.
- Low Charges:
SAS Online is known for its lowest charges in the industry. It charges a flat fee of Rs.9 per executed order per order executed, and the platform also offers value-add packs for additional benefits. Additionally, 5Paisa provides free account opening and brokerage-free mutual funds.
- Algo Trading and Robo Advisory:
SAS Online provides algo trading services and robo-advisory to its customers. These services help automate trading strategies and offer personalized investment advice based on risk profiles and return expectations.
- Customer Support:
SAS Online offers dedicated customer support for its subscribers. The power investor pack and ultra trader pack include free customer support services.
| Features | SAS Online |
|---|---|
| Equity Delivery Trading | Yes | Equity Intraday Trading | Yes | Equity Futures Trading | Yes | Equity Options Trading | Yes | Currency Trading | Yes |
| Commodity Trading | Yes | IPO (Initial public offering) | Yes | Stocks Suggestions | No | Robo Advisory | No | PMS (Portfolio Management Services) | No |
| Trading Institution | No | Trading Exposure | Upto 7x | Mutual Funds | No | SIP (Systematic Investment Plan) | No | Forex Trading | No | Banking | No | Insurance | No |
SAS Online 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.
| Services | SAS Online |
|---|---|
| Fundamental Reports | No |
| Research Reports | No |
| Company Reports | No |
| Annual Reports | No |
| Company Stock Review | No |
| Free Stock Tips | Yes |
| IPO Reports | No |
| Top Picks | Yes |
| Daily Market Review | No |
| Monthly Reports | No |
| Weekly reports | No |
| Offline Advisory | No |
| Relationship Manager | No |
SAS Online Trading Platforms
The SAS Online 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.
SAS Online Trading Platforms
| Desktop Trading Platforms | SAS Online |
|---|---|
| Windows | Yes |
| Mac | Yes |
| Desktop Browser | Yes |
SAS Online Mobile App
The SAS Online 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 App | SAS Online |
|---|---|
| Mobile Browser | Yes |
| Android App | Yes |
| iOS App | Yes |
| Windows App | No |
| Other mobile os | No |
SAS Online Web Trading
For web-based trading, SAS Online offers a powerful trading website known as SAS Online 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.
SAS Online Trade Terminal
SAS Online 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.
SAS Online Customer Support
- Relationship manager: SAS Online does not offer a dedicated relationship manager for customers. However, they provide other channels for support.
- Offline trading support: SAS Online does not offer offline trading support. All trading activities are conducted online.
- Online trading support: SAS Online provides online trading support to customers. Their trading platform is accessible via mobile app, web browser, and desktop application, allowing customers to trade conveniently.
- 24*7 support: SAS Online provides extensive customer support to assist customers during regular business hours. You can easily connect with their dedicated support team for any assistance you may need.
- Email support: Customers can contact SAS Online’s customer support team via email for assistance. They provide an email address where customers can send their queries and concerns.
- Chat support: SAS Online does not currently offer chat support as a customer service channel. However, customers can reach out through other available channels.
- Toll-free number: SAS Online does not provide a toll-free number for customer support. However, they may have a regular helpline number that customers can use to seek assistance.
- Support branches: Yes, SAS Online has physical support branches where customers can visit for assistance. In addition, customer support is also provided through remote channels.
| Customer Support | SAS Online |
|---|---|
| Relationship Manager | No |
| Offline Trading | No |
| Online Trading | Yes |
| 24 * 7 Support | No |
| Email Support | Yes |
| Chat Support | No |
| Toll free number | No |
| Support Branches | No Branch |
SAS Online 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 SAS Online.
| BSE Complaints | SAS Online |
|---|---|
| BSE Complaints | 29 |
| BSE Resolved Complaints | 27 |
| Percentage of resolved BSE complaints | 93.10 % |
| NSE Complaints | 41 |
| NSE Resolved Complaints | 38 |
| Percentage of resolved NSE complaints | 92.68 % |
| BSE/NSE Complaint vs. Resolved Percentage | 92.89 % |
Conclusion
In conclusion, SAS Online 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, SAS Online can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.