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Finvasia Vs SAMCO: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of SAMCO Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Finvasia is 94,480 where number of active customer for SAMCO is 88,151. Finvasia is serving more customer compare to SAMCO.

Here we present side-by-side comparison of Finvasia vs SAMCO share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs SAMCO's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs SAMCO share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs SAMCO's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs SAMCO on Service

  Finvasia Compare
Finvasia
SAMCO Compare
SAMCO
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 94,480 88,151
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Rs. 20/order ultra-low brokerage, Giga trading engine powered new-gen mobile App, Nest Trader Terminal, and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and ...Know more about SAMCO
Broker Enquiry Request call back from Zerodha Request call back from SAMCO
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Account Opening Charges and AMC

Compare Finvasia vs SAMCO on Trading & Demat Account Opening Charges

Comparison of Finvasia with SAMCO on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where SAMCO charges Rs 400 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with SAMCO
Charges Finvasia SAMCO
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs SAMCO on Plan Options

Plans are the most important feature you look when compare Finvasia with SAMCO. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Finvasia with SAMCO on Plan Options
Plan Types Finvasia SAMCO
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha SAMCO
Account Opening Request
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Brokerage Charges

Compare Finvasia vs SAMCO on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

SAMCO Brokerage Plan detail - Trade in any segment in just Rs 20 per executable order, No size restriction,No Hidden charges.

Brokerage Charges - Compare Finvasia with SAMCO
Brokerage Charges Compare Finvasia SAMCO
Plan Name Zero Brokerage Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Rs 0 0.5% or Rs 20 whichever is lower
Equity Intraday Rs 0 0.05% or Rs 20 whichever is lower
Equity Futures Rs 0 Flat Fee Rs 20
Equity Options Rs 0 Flat Fee Rs 20
Currency Futures Rs 0 0.05% or Rs 20 whichever is lower
Currency Options Rs 0 0.05% or Rs 20 whichever is lower
Commodity Trading Rs 0 0.05% or Rs 20 whichever is lower
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Info Not Available
Call & Trade Charges Free Rs 20 per Executed order, with First 20 C&T are free
Auto Square off Charges Free Rs 20 per Executed order, with First 20 C&T are free
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for SAMCO
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Share Broker's Transaction Charges

Compare Finvasia vs SAMCO on Transaction Charges

Compare Finvasia with SAMCO on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with SAMCO
Transaction Charges Compare Finvasia SAMCO
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for samco
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Account Features

Compare Finvasia vs SAMCO on Account Features

Compare Finvasia with SAMCO on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - SAMCO offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Finvasia with SAMCO
Account Features Compare Finvasia SAMCO
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs SAMCO on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and SAMCO. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with SAMCO
Trading Platform Compare Finvasia SAMCO
Desktop Trading Platform OMNESYS NEST SAMCO Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://trade.samco.in/Samruddi/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT StockNote
Mobile Trading App Demo SCALPERT Demo StockNote Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod StockNote Download
iPhone Mobile App (IOS) No No
iOS App Download Info Not Available iOS StockNote Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for SAMCO
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for SAMCO
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for SAMCO
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for samco

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Broker Ratings by Users

Compare Finvasia vs SAMCO on User Rating

  Finvasia SAMCO
  17 Customer Reviews    Rate Finvasia 32 Customer Reviews    Rate SAMCO
Fees Ratings 4.3 3.7
Trading Brokerage Rating 4.6 4.6
Trading Platform Usability 4.0 4.0
Customer Service Ratings 3.5 4.0
Overall Ratings 4.2 4.1
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews SAMCO is Rated 4.1 / 5 based on 32 customer reviews
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Investment Offerings

Compare Finvasia vs SAMCO on Investment Offerings

Compare Finvasia with SAMCO on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with SAMCO
Investment Offerings Compare Finvasia SAMCO
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs SAMCO on Order Types

Order Type - Compare Finvasia with SAMCO on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with SAMCO
Order Type Compare Finvasia SAMCO
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Finvasia vs SAMCO on Customer Service

Compare Finvasia with SAMCO on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with SAMCO
Customer Service Compare Finvasia SAMCO
24/7 Customer Service Finvasia vs SAMCO - 24x7 customer support No No
Email Support Finvasia vs SAMCO - Email Support Yes Yes
Onine Live Chat Finvasia vs SAMCO - Onine Live Chat Yes No
Phone Support Finvasia vs SAMCO - Phone Support Yes Yes
Toll Free Number Finvasia vs SAMCO - Toll Free Number No Yes
Through Branches Finvasia vs SAMCO - Through Branches No No
Customer Care Number Finvasia vs SAMCO - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 022-2222-7777/022-4503-0450
Account Opening Process Finvasia vs SAMCO - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs SAMCO - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs SAMCO - Knowledge Center/Education https://finvasia.com/announcements https://www.samco.in/knowledge-center/
Head Office Address Finvasia vs SAMCO - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
India.
Website Finvasia vs SAMCO - Company Website https://www.finvasia.com/ https://www.samco.in/
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Tips/Research/Reports Published

Compare Finvasia vs SAMCO on Research Reports, Tips

Compare Finvasia with SAMCO on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with SAMCO
  Finvasia SAMCO
Research Mutual Funds Finvasia vs SAMCO - Research Mutual Funds No No
Research Equity Reports Finvasia vs SAMCO - Research Equity Reports No No
Research ETF Finvasia vs SAMCO - Research ETF No No
Daily Market Report Finvasia vs SAMCO - Daily Market Report No No
Free Tips Finvasia vs SAMCO - Free Tips No No
Quarterly Result Analysis Finvasia vs SAMCO - Quarterly Results No No
News Alerts Finvasia vs SAMCO - No No
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Demat Account

Compare Finvasia vs SAMCO on Demat Account

Compare Finvasia with SAMCO on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for SAMCO is ₹400 pa. Finvasia is a better choice in terms of Demat AMC compare to SAMCO.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for SAMCO is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with SAMCO
  Finvasia SAMCO
DP Source CDSL CDSL
DP ID Finvasia vs SAMCO - DP ID 84300 54200
Demat Account Annual Maintenance Charges(AMC) Free ₹400 pa
Advance Deposit Rs 0 NIL
Statutory charges Nil Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹10
Demat ₹15 per certificate ₹10 per certificate + ₹50 courier charges
Remat ₹15 for every hundred securities + CDSL Charges CDSL charges + ₹50 courier charges
Pledge Creation ₹25 per transaction ₹25 per transaction
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction ₹25 per transaction
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction ₹25 per transaction
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs SAMCO on Special Offers and Promotion

Compare Finvasia with SAMCO on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs SAMCO on Special Offers and Promotion
  Finvasia SAMCO
Pay In and Pay Out Options Finvasia vs SAMCO - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking/Payment Gateway from SAMCO trader or Back Office
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Finvasia vs SAMCO - Payout Time Up to 24 hrs except for bank holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Finvasia vs SAMCO - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Around 24 banks allow instant credit facility(Payment Gateway) with charges of Rs 6 from Samco trading platform.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Samco Securities Limited,
Account Number: ZSAMCODDXXXX
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • Trade and invest with SAMCO at flat Rs. 20/order brokerage.
  • Giga trading engine powered new-gen mobile app and trading tools.
  • Zero brokerage mutual fund investment.
  • Get upto 4x leverage/margin in the equity cash segment.
  • Get margin against your holdings on StockPlus.
  • SAMCO offers BTPT (Buy Today, Pay Tomorrow) facility.
  • Equity SIP: Set up a stock SIP on the Stock Note App.
  • Place advanced orders like bracket order, cover order, and after market order.
  • Place a GTT order on Stock Note app with lifetime validity.
  • Get 100% brokerage cashback for the 1st
  • Free stock market learning course for beginners.
  • Very low payment gateway charges of just Rs. 6 + GST.
  • Zero hidden charges.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

  • SAMCO does not provide direct mutual funds.
  • You cannot open a 3-in-1 account with SAMCO.
  • NRI cannot open SAMCO NRI Demat & Trading Account.
  • Delivery trading in SAMCO is not free.
  • No monthly trading plans.
  • High Demat maintenance charges of Rs. 400 per year.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Zerodha Account Now>> Open SAMCO Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00