SAMCO-Overview of Minimum Deposit, Leverage, Spreads

SAMCO | 2022-06-07 17:26

Abstract：SAMCO presents itself as a discount stock broker and commodity broker based in India that provides its clients with unique trading platforms, leverage up to 4x, various tradable assets, as well as many different trading and analytical tools.

General Information

SAMCO presents itself as a discount stock broker and commodity broker based in India that provides its clients with unique trading platforms, leverage up to 4x, various tradable assets, as well as many different trading and analytical tools.

Market Instruments

SAMCO advertises that it offers a wide variety of trading instruments in financial markets, including stocks, futures, options, mutual funds, derivatives, currencies, commodities, IPOs, mini portfolios and more.

Account Types

SAMCO says to provide its clients with free Samco online trading and demat account. The broker charges flat ₹20/order for every clients, or 0.20% for equity delivery trades, or 0.02% for intraday trades and F&O trades.

Leverage

SAMCO claims to offer delivery leverage up to 4x. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available,SAMCO gives traders three choices: SAMCO Trader, SAMCO Web 5 and SAMCO mobile application. SAMCO Trader has desktop version for windows. SAMCO Web 5 is advertised as an HTML platform to place traders orders on the move, available on web, tablets and mobile devices.While with SAMCO mobile application, trading can be done from anywhere and at any time through right mobile terminals like iOS and Android.

Trading Tools

There are many trading and analytical tools provided by SAMCO, which include but are not limited to Margin Calculator & SPAN Calculator, Brokerage Calculator, Samco option value calculator, Pledge Monitor, SAMCO Ratings Tool and more. Margin Calculator & SPAN Calculator can be used to calculate margin requirements for option writing or shorting or for multi-leg F&O strategies while trading equity, F&O, commodity and currency before taking a trade. While Brokerage Calculator can help traders calculate entire brokerage costs and other transaction costs for trades. More detailed information about tools can be found on this brokers official site.

Deposit & Withdrawal

SAMCO accept payment methods via Payment Gateway on the SAMCO Trader or Back office, NEFT/RTGS, depositing a cheque in your trading account or directly calling this broker to deposit or withdrawal.

Customer Support

SAMCOs customer support can be reached through telephone: 02222227777, 02245030450, email: support@samco.in, grievances@samco.in. Besides, you can also follow this broker on some popular social media platforms such as Facebook, Twitter, Instagram, LinkedIn and YouTube. Company address: 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013, Maharashtra, India.

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Related broker

No Regulation

SAMCO

Company name：SAMCO Securities Limited

Score

1.53

Website：https://www.samco.in

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.53

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