Which is best SAMCO vs Zerodha?

Such type of question is very difficult to answer. Each investor has its own priority, so which is best SAMCO vs Zerodha, end decision needs to be taken by a user who is willing to open a new trading account with Zerodha or SAMCO.

Zerodha and SAMCO, both are giving their service under a discount broker. Zerodha started its service in 2015 from Zero, where SAMCO was in brokerage industry with the brand name “Samruddhi Stock Brokers Limited” and move to discount brokerage service in 2015 with branded it as “SAMCO”.

SAMCO and Zerodha, both have a stronghold in India Stock Market, but in terms of customer acquisition, Zerodha is more aggressive and reached to Number 1 broker in India in terms of active customers. Where SAMCO hold around 30^th position in overall brokers and on 4^th position in discount brokers after Zerodha, 5paisa and Upstox in terms of the active customer list.

In terms of the trading platform, both brokers have the best trading platform in India with Trading Terminal, Web-Based and Mobile App (Android and iOS). Zerodha has Kite where SAMCO has StockNote as a Mobile App. In terms of usability, security, and features, both the application are the most advanced. May time users have an issue with Zerodha Kite, which usually resolved in a short time, but StockNote has not observed similar issues.

Compare STOCKNOTE vs Zerodha Kite Mobile App.

In Terms of Customer Service, Zerodha has an upper hand with online help modules and education platform. SMACO also has strong customer support but still missing in terms of education and online support model.

On the trading plan, both the brokers have similar brokerage plans, Zerodha offers Free Delivery trade, where SAMCO is charging Rs 20 or .02 whichever is lower. So in terms of Delivery Brokerage charges, Zerodha is better if you are an investor. For BTST orders you don’t have to pay any brokerage with Zerodha as these are considered Delivery trade, but you need to pay Max Rs 40 with BTST traded with SAMCO. For Intraday, Derivatives (F&O), Currency F&O and Commodity trading - Zerodha charge Rs 20 or .01% which every is lower – that means you need to pay max Rs 20 for your transaction on another hand SAMCO charges Rs 20 or .02% whichever is lower – so with SAMCO also you will pay Max Rs 20 as your brokerage. In case your volume is low, then .01% vs .02% difference is there in your brokerage charges, but for traders, that’s just negligible. Both the brokers don’t have any Monthly Plan or Yearly Plans.

On the Margin/Exposure or Leverage side, SAMCO is offering much better service as they are offering “CASH PLUS” plan where you get up to 4x equity delivery leverage, where Zerodha doesn’t have any Equity Delivery leverage. SAMCO and Zerodha both offer margin against share, SAMCO named it as “IntraPlus” – where you can trade with Zero Balance providing your shares against margin facility. Both the brokers provide higher margin and low brokerage for Cover Order and Bracket Order.

SAMCO Margin

Zerodha Margin

On Products and Service, Zerodha has a tie-up with various 3^rd part vendors and offering an integrated product with Zerodha Kite like Sentinel, Sensibull, Connect API, Smallcase, Streak, StockReports+. SAMCO is missing on this and doesn’t have integration with any third party vendors, SAMCO has in-house Pledge Monitor, Caution Stock Watch list, Stock Ratings, Risk Monitor and many more tools.

On Mutual Funds, Zerodha Coin provides Direct Mutual Fund Investment, where SAMCO RANKMF just has Regular Mutual Fund Plans. SAMCO and Zerodha both provide Mutual Fund SIP, lump-sum investment. SAMCO is offering Rank of all mutual funds by category for better decision making, where Zerodha don’t have any recommendation for Mutual Funds.

Is SAMCO better than Zerodha?

In Summary, for Traders – We don’t see any major difference in Zerodha and SAMCO, in case trader need to convert their position in delivery, in that case SAMCO is offering up to 4x margin in delivery trade, which can be a plus point with SAMCO.

For Investors - Yes, Zerodha has Free Delivery Trading.

For IPO investors – Zerodha is better.

For Mutual Fund Investors – Zerodha is better as they are offering Direct Mutual Fund Plans.

SAMCO is offering one-month free trading with SAMCO STOCK NOTE, which can be a joining bonus for new account opening with SAMCO, where Zerodha doesn’t have any offer or promotion.

Please refer the point to point compare SAMCO with Zerodha or SAMCO and Zerodha compare page with approx 100+ comparison matrix.