SAMCO Securities

Samco Securities Ltd
Industry Discount Broking
Stock Broking
Commodity Broking
Headquarters Mumbai, Maharashtra, India
Number of locations
 India
Products CashPlus
Option Fair Value Calculator
Risk Advisor
Data Bank
Stock Ratings
Services Equity Trading
Commodity Trading
Currency Trading
Derivatives Trading
Demat Services
Website www.samco.in

SAMCO Securities is a Mumbai-based online discount broker and the execution broker for the Indian Trading League.[1] It offers retail broking solutions using a flat fee model at Rs. 20 per transaction[2] on India’s leading Stock Exchanges (NSE, BSE, MSEI, MCX and NCDEX) across stocks, futures, options, currencies and commodities.[3] Commodity transactions are routed through SAMCO Commodities Ltd, a wholly owned subsidiary. The Company has set up a service center in Ahmedabad City of Gujarat.[4]

History

The firm was established in 1993, was previously known as Samruddhi Stock Brokers Limited.[5] In 2015, the company changed its name to SAMCO Securities Limited. In the same year, it launched the Indian Trading League (ITL[6]), India's only commodity and stocks investment and trading league.[7]

In February 2016, SAMCO Securities became the first discount broker in India to offer a margin funding facility with its "Cashplus" product.[8]

References

  1. ↑ "About Samco - Discount Broker in India for Online Share Trading".
  2. ↑ "Discount broking model". The Hindu. 2015-08-25. ISSN 0971-751X. Retrieved 2016-05-24.
  3. ↑ India, Press Trust of. "Samco Securities sees biz turnover of Rs 10,000cr/day in 3yrs". Retrieved 2016-05-24.
  4. ↑ Reporter, B. S. "Discount brokerage firm Samco sets eyes on Gujarat market". Retrieved 2016-05-24.
  5. ↑ "Online Share Trading in NSE / BSE / MCX / NCDEX | Discount Broker for Indian Stock Market - Samco". www.samco.in. Retrieved 2016-04-10.
  6. ↑ "SAMCO launches Indian Trading League". Times of India. 2015-05-07. Retrieved 2015-05-07.
  7. ↑ "SAMCO Securities Limited: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-04-12.
  8. ↑ "Discount broker SAMCO forays into margin funding". The Hindu Business Line. Retrieved 2016-02-18.

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