Samco Securities was founded in 2015 by Jimeet Modi who is currently also CEO of the company. It acquired Samruddhi Stock Brokers Limited and changed its name as Samco Securities. It is a leading stock broker company which provides many benefits to new investors such as free Trading and Demat account opening, no Annual Maintenance Charge (AMC) for the first year. It also provides 100% brokerage cash back for the first month. Investors can check ratings of stocks before investment in any specific stock.
Samco Securities: Overview of the Company
SAMCO is a SEBI registered stockbroker and a member of NSE, BSE, MCX, and NCDEX. The company has a depository participant membership of CDSL. Being a leading brokerage and investment-tech platform, it provides sophisticated financial technology to make the retail investors\’ wealth-creation journey simple, and cost-effective. Samco Securities\’ mission is to help investors and traders regularly outperform the index and achieve their best financial performance.
Products and services offered by Samco
It offers Stocks, Equity Derivatives, Currency Derivatives, Commodities, Mutual Funds, and IPO to the investors and traders. SAMCO also offers StockBasket which is very popular. It is a tool which contains expert-selected basket of stocks based on 25+ stock rating parameters.
SAMCO offers advanced and reliable trading platforms to trade various products through web, mobile, and desktop software. SAMCO also provides a Stock Market library and educative blogs related to the capital market basics, market insights, tax management, and much more that help to aware traders and investors and help them make rational and better investment decisions.
Features of Samco Securities
• Free Trading and Demat account opening
• Margin against Shares: To trade with zero cash balance
• Zero AMC for the first year
• 100% brokerage cash back in the first month
• Exclusive access to the StockBasket tool
• The new-gen Samco trading application
• Advanced Futures and Options Trading
Andekha Sach (The Unseen Insights): A Special Feature of Samco
Andekha Sach or the Unseen Insights are the hyper personalised truth / insights of trades done by traders that can help them improve their performance and avoid certain common mistakes. The proprietary system of Samco processes millions of data points to identify patterns, trends, and correlations in trades to provide valuable insights based on trading performance and strategies.
The actions suggested in the unseen insights section provide specific recommendations based on trade data. They may suggest actions like squaring off positions, implementing trailing stop-loss orders, or adjusting trading strategy. By following these suggestions, traders can make informed decisions to improve trading performance. The Unseen Insights are designed to benefit traders of all skill levels.
Stock Ratings Feature of Samco
There are more than 7000 listed stocks. Over 95% of these stocks do not perform consistently and it is very difficult for investors to check every company in detail. Samco Stock Ratings are built to help investors decide whether they should buy a stock or not by checking the rating of particular stock. This will save time and efforts of investor especially new investors.
Account Opening and Brokerage Charges
It offers free account opening with zero Demat AMC for the first year. After first year AMC is ₹ 400 per year after. SAMCO offers a digital account opening facility to its customers. It is a simple, instant, and 100% paperless process. 2.5% of turnover maximum up to ₹ 20 is the brokerage for equity delivery and 0.25% of turnover maximum up to ₹ 20 is the brokerage for equity intraday. SAMCO follows a fixed brokerage model of ₹ 20 per executed order for option and future. Call and trade charge is ₹ 20 per executed order.
Samco is one of the leading stock brokers companies in India who is trying to provide better facilities for investors and traders by providing new features to ease trading and investing. It is offering various benefits to new and regular investors and traders such as Stock Rating and Andekha Sach.
