Wikilix
SAMCO logo

SAMCO

Regulated
India
,
Since 2015
Last Updated:
40/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
4
Account Types
RegularRegularRegular+4 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

4 methods

Bank Transfer (NEFT/RTGS/IMPS)

bank transfer
3 hours
Fee:
Free
Fee:
Free

UPI

bank transfer
Instant
Fee:
Free
Fee:
Free

Payment Gateway

bank transfer
Instant
Fee:
Free
Fee:
Free

Cheque

bank transfer
3 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 34%, 2: License 63%, 3: Software 50%, 4: Spread 0%, 5: Account Type 10%, 6: Symbol 0%
Regulation
34%Poor
License
63%Fair
Software
50%Fair
Spread
0%Poor
Account Type
10%Poor
Symbol
0%Poor

Company Information

Full Name:SAMCO
Founded:2015
Headquarters:India
Enterprise Offices:1offices

Customer Support

Phone:
+91 022-2222-7777
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about SAMCO: its history, the licences it holds, its trading conditions and its fees.

Introduction and Overview

SAMCO has established itself as a renowned name in the brokerage trading world, promising a variety of financial services to serve different trading needs. Though exact details regarding SAMCO are not available to the general public, the following article summarizes general information from the pieced data for an in-depth view of what traders can expect from this broker.

It be important to understand a broker's offerings, regulatory standing, and trading conditions, whether one is interested in equities, derivatives, or other financial instruments. This article looks at different aspects of SAMCO, everything from background and key features to the fee structure and user experience of this broker.

Background and History

SAMCO says that it is an online discount stock broker and commodity broker located in India, offering its customers unique trading platforms, leverage up to 4x, various tradable assets, as well as a great variety of different trading and analytical tools.

Thus, without massive public data, it is quite difficult to trace the full timeline of development or major milestones in SAMCO's journey. However, the fact that the broker exists in the market at all demonstrates a commitment to opening trading and investment opportunities to customers.

Key Features and Offerings

With limited detailed information, it is expected that this broker would have some general features, which in most cases happen to be just the same as those of other brokers in this class, offering a range of trading instruments: all types of stocks, derivatives, and probably commodities or currencies. Probably, SAMCO would give access to multiple markets for the portfolio diversification of traders.

Also, most brokers tout easy-to-use trading platforms, education, and customer support. Specific information about the SAMCO platform is not available, but these are common features that traders would want in a broker.

Licensing and Regulatory Compliance

Regulatory oversight is an essential factor when evaluating any trading broker for its reliability and security. Available information on the regulatory licenses of SAMCO is very limited. With no clear data on regulatory bodies or license numbers, the best advice to potential clients would be to confirm it either directly with the broker or on official regulatory sites.

Regulation makes sure that brokers are bound by industrial standards, are protective of client funds, and conduct their activities with much-needed transparency. Amongst traders, preference should be given to brokers with recognized licenses for the minimal risk factor involved in trading.

Regulator

License Number

Status

Information available is limited

Limited information available

Limited information available.

Trading Conditions and Platform Technology

Among these, the basic trading conditions that every trader looks forward to would definitely include spreads, leverage, and minimum deposit amount. Despite several positive reviews of SAMCO, it seems that they have failed to document specific details about their trading conditions. Normally, the leverage varies with brokers, who also offer competitive spreads based on account types and market conditions.

On platform technology, brokers generally provide either a proprietary or third-party platform that supports real-time market data, charting tools, and order execution capability. With SAMCO, though the exact features of the platform are not available, traders should expect standard functionalities that facilitate efficient trading.

Trading Condition

Information

Spreads

Limited information available.

Leverage

Information not readily available.

Minimum Deposit

Limited information is available.

Fee Structure

Understanding the fee structure is essential to the cost control of the trader. Unfortunately, specific details regarding the SAMCO fee, including deposit fees, withdrawal fees, and a commission are not publicly available. In general, commissions can come in the form of trade commissions, spreads, or both, while deposits and withdrawals may entail fees depending on the payment method involved.

Potential clients should seek direct clarification from SAMCO regarding their fee policies to avoid unexpected charges and to strategize their trading budgets in advance.

Fee Type

Information

Deposit Fees

Limited available information.

Withdrawal Fees

Limited information available

Commission

Information scarce

User Experience and Market Reputation

While comprehensive user reviews and market reputation data for SAMCO are thin on the ground, traders generally appreciate those brokers that can offer solid platforms, responsive customer service, and transparent operations. Without extensive public feedback, it is pretty difficult to assess SAMCO's position fully.

Conclusion

SAMCO is positioning itself as a brokerage trader in the financial services market, but its operation, regulation, and conditions for trading are not well documented in publicly accessible sources. Therefore, a lack of transparency emphasizes that thorough research and communication with the broker directly are very important before the commencement of trading activity. SAMCO is one such trader who has to be particularly cautious about the regular checks of regulatory compliance, fee structure understanding, and capacity evaluation of the trading platform for a safe and effective trade. Like any financial service provider, informed decisions are synonymous with successful trading outcomes.

Regulation check

Regulatory Licenses

SAMCO is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 1 checked
1Licences on record
0Confirmed on register
1Tier 1 or 2
0Offshore

How far our check got

  • 1 not yet checked
  • SECTier 1 (securities)IndiaFinancial ServiceNo. INZ000002535

    What the register says

    Licence number
    INZ000002535
    Type
    Financial Service

    Client protection under this licence

    • Compensation schemeSIPC insures up to $500,000 per customer (including $250,000 cash)
    • Complaints routeSEC Tips/Complaints/Referral
    • Maximum leverage1:50

    These are the rules SEC sets for the firms it licenses. They are not a statement about how SAMCO applies them, or about which of its companies would hold your account.

    About Securities and Exchange Commission

    Onshore regulatorGovernment bodyCompensation: SIPC insures up to $500,000 per customer (including $250,000 cash)Public registerTransparency: medium
    Typical cost of this licence
    Varies; FINRA and SEC registration fees
Where we have checked a licence, it was checked against the issuing regulator's own register. Register wording is quoted as found.See all tier-1 regulated brokers
Trading accounts
Updated

Account Types

7 account types on record. Leverage up to 1:4.

7 account types
AccountMin DepositLeverageCommission
RegularStandardNot recorded1:4Flat ₹20 per order, 2.5% turnover max ₹20
RegularStandardNot recorded1:1Flat ₹20 per order, 2.5% turnover max ₹20
RegularStandardNot recorded1:4Flat ₹20 per order, 2.5% turnover max ₹20
RegularStandardNot recorded1:1Flat ₹20 per order, 2.5% turnover max ₹20
RegularStandardNot recorded1:1Flat ₹20 per order, 2.5% turnover max ₹20
BasicStandardNot recorded1:1Flat ₹20 per order, 2.5% turnover max ₹20
RegularStandardNot recorded1:1Flat ₹20 per order, 2.5% turnover max ₹20
Account names and conditions as published by SAMCO, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

4 ways to fund an account. 4 with no deposit fee. 2 credit instantly.

4 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank Transfer (NEFT/RTGS/IMPS)Bank TransferPayout requests are processed only on working days.FreeNot recordedNot recordedNot recordedNot recorded3 hours
UPIBank TransferPayout requests are processed only on working days.FreeNot recordedNot recordedNot recordedNot recordedInstant
Payment GatewayBank TransferPayout requests are processed only on working days.FreeNot recordedNot recordedNot recordedNot recordedInstant
ChequeBank TransferPayout requests are processed only on working days.FreeNot recordedNot recordedNot recordedNot recorded3 days
Fees, limits and processing times as published by SAMCO, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: TradingView.

1 platform
  • TradingViewby TradingView Inc. · 2011WindowsMacWebAndroidiOSAPI
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Social channels

Social Presence

5 official channels on record.

5 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the SAMCO brand.

1 entity
  • SAMCO SECURITIES LIMITEDActiveIndiaRegistration U67120MH2004PLC146183Established Jan 15, 2019
Entities named in the broker's own documents and company registers, recorded by Wikilix.

Comments

Share your thoughts and experiences with SAMCO