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.


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.

OverviewSAS Online
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterNew Delhi, Delhi
FoundersShrey Jain & Siddharth Jain
Foundation Year2013
Supported ExchangesNSE, BSE and MCX
Total branches1

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 ChargesSAS Online
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.300
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & 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 Brokerage Charges

Equity Brokerage ChargesSAS Online
Equity Delivery BrokerageRs.9 per executed order
Equity Intraday BrokerageRs.9 per executed order
Equity Futures BrokerageRs.9 per executed order
Equity Options BrokerageRs.9 per executed order

Currency Brokerage Charges

Currency Brokerage ChargesSAS Online
Currency Futures BrokerageRs.9 per executed order
Currency Options BrokerageRs.9 per executed order

Commodity Brokerage Charges

Commodity Brokerage ChargesSAS Online
Commodity Options BrokerageRs.9 per executed order

SAS Online Other Charges

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

Other Brokerage ChargesSAS Online
Minimum Brokerage ChargesRs.9 per executed order
Transaction Brokerage Charges0.00295% 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 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 LeverageSAS Online
Equity DeliveryUpto 2x
Equity IntradayUpto 7x
Equity FuturesUpto 3x
Equity OptionsUpto 6x

SAS Online Currency Leverage

Currency LeverageSAS Online
Currency FuturesUpto 1x
Currency OptionsUpto 3x

SAS Online Commodity Leverage

Equity LeverageSAS Online
CommodityUpto 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:

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

SAS Online Features

FeaturesSAS Online
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 7x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo

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.

ServicesSAS Online
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

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 PlatformsSAS Online
Desktop BrowserYes

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 AppSAS Online
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

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

Customer SupportSAS Online
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support BranchesNo 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 ComplaintsSAS Online
BSE Complaints29
BSE Resolved Complaints27
Percentage of resolved BSE complaints93.10 %
NSE Complaints41
NSE Resolved Complaints38
Percentage of resolved NSE complaints92.68 %
BSE/NSE Complaint vs. Resolved Percentage92.89 %


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.