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IDBI Direct Vs SAMCO: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where SAMCO offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of SAMCO ranges between Rs 20. IDBI Direct is a Full Service Broker where SAMCO is a Discount Broker. IDBI Direct is having overall lower rating compare to SAMCO. IDBI Direct is rated only 3.5 out of 5 where SAMCO is rated 4 out of 5. Number of active customer for SAMCO is 88,151 where number of active customer for IDBI Direct is 54,478. SAMCO is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs SAMCO on Service

  IDBI Direct Compare
IDBI Direct
SAMCO Compare
SAMCO
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 54,478 88,151
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs SAMCO on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with SAMCO on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where SAMCO charges Rs 400 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with SAMCO
Charges IDBI Direct SAMCO
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 400 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs SAMCO on Plan Options

Plans are the most important feature you look when compare IDBI Direct 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 IDBI Direct with SAMCO on Plan Options
Plan Types IDBI Direct 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 IDBI Direct vs SAMCO on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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

Brokerage Charges - Compare IDBI Direct with SAMCO
Brokerage Charges Compare IDBI Direct SAMCO
Plan Name Flat Brokerage PLan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.20% 0.5% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs 15 per order Flat Fee Rs 20
Equity Options Flat Rs 15 per order Flat Fee Rs 20
Currency Futures Flat Rs 15 per order 0.05% or Rs 20 whichever is lower
Currency Options Flat Rs 15 per order 0.05% or Rs 20 whichever is lower
Commodity Trading NA 0.05% or Rs 20 whichever is lower
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free Rs 20 per Executed order, with First 20 C&T are free
Auto Square off Charges NA Rs 20 per Executed order, with First 20 C&T are free
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for SAMCO
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Share Broker's Transaction Charges

Compare IDBI Direct vs SAMCO on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with SAMCO
Transaction Charges Compare IDBI Direct 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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for samco
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Account Features

Compare IDBI Direct vs SAMCO on Account Features

Compare IDBI Direct with SAMCO on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where SAMCO offers only 2-in-1 account which includes trading and demat account. Algo Trading - SAMCO offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

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

Compare IDBI Direct vs SAMCO on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with SAMCO
Trading Platform Compare IDBI Direct SAMCO
Desktop Trading Platform Infinity 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.idbicapital.com/ https://trade.samco.in/Samruddi/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App StockNote
Mobile Trading App Demo Info Not Available StockNote Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod StockNote Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile App Download iOS StockNote Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for SAMCO
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for SAMCO
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for SAMCO
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for samco

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Broker Ratings by Users

Compare IDBI Direct vs SAMCO on User Rating

  IDBI Direct SAMCO
  31 Customer Reviews    Rate IDBI Direct 32 Customer Reviews    Rate SAMCO
Fees Ratings 3.0 3.7
Trading Brokerage Rating 2.5 4.6
Trading Platform Usability 2.6 4.0
Customer Service Ratings 2.7 4.0
Overall Ratings 2.7 4.1
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews SAMCO is Rated 4.1 / 5 based on 32 customer reviews
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Investment Offerings

Compare IDBI Direct vs SAMCO on Investment Offerings

Compare IDBI Direct 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 - SAMCO offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with SAMCO
Investment Offerings Compare IDBI Direct SAMCO
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs SAMCO on Order Types

Order Type - Compare IDBI Direct 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- IDBI Direct offers Good Till Cancelled (GTC) orders where SAMCO doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with SAMCO
Order Type Compare IDBI Direct 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 Yes No
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Customer Service Offered

Compare IDBI Direct vs SAMCO on Customer Service

Compare IDBI Direct 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 IDBI Direct with SAMCO
Customer Service Compare IDBI Direct SAMCO
24/7 Customer Service IDBI Direct vs SAMCO - 24x7 customer support No No
Email Support IDBI Direct vs SAMCO - Email Support Yes Yes
Onine Live Chat IDBI Direct vs SAMCO - Onine Live Chat No No
Phone Support IDBI Direct vs SAMCO - Phone Support Yes Yes
Toll Free Number IDBI Direct vs SAMCO - Toll Free Number Yes Yes
Through Branches IDBI Direct vs SAMCO - Through Branches Yes No
Customer Care Number IDBI Direct vs SAMCO - Customer Care Number 022-3913 5001 022-2222-7777/022-4503-0450
Account Opening Process IDBI Direct vs SAMCO - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs SAMCO - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs SAMCO - Knowledge Center/Education Info Not Available https://www.samco.in/knowledge-center/
Head Office Address IDBI Direct vs SAMCO - Head Office Address/Corporate Address Info Not Available SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
India.
Website IDBI Direct vs SAMCO - Company Website https://www.idbidirect.in/ https://www.samco.in/
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Tips/Research/Reports Published

Compare IDBI Direct vs SAMCO on Research Reports, Tips

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

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

Compare IDBI Direct vs SAMCO on Demat Account

Compare IDBI Direct 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 SAMCO is ₹400 pa where for IDBI Direct is ₹350 pa.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 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 IDBI Direct with SAMCO
  IDBI Direct SAMCO
DP Source CDSL CDSL
DP ID IDBI Direct vs SAMCO - DP ID No 54200
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹400 pa
Advance Deposit NO NIL
Statutory charges Nil Stamp Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹10
Demat ₹5 per certificate + ₹30 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges CDSL charges + ₹50 courier charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹25 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹25 per transaction
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs SAMCO on Special Offers and Promotion

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

Compare IDBI Direct vs SAMCO on Special Offers and Promotion
  IDBI Direct SAMCO
Pay In and Pay Out Options IDBI Direct vs SAMCO - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs SAMCO - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges IDBI Direct vs SAMCO - Bank Supported and Charges Info Not Available Around 24 banks allow instant credit facility(Payment Gateway) with charges of Rs 6 from Samco trading platform.
Bank Detail Info Not Available Samco Securities Limited,
Account Number: ZSAMCODDXXXX
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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
Enquiry Open Zerodha Account Now>> Open SAMCO Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00