Samco Vs Progressive Share Brokers
Samco
Samco Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software 2024, Demat Account Charges and Samco also give overview on NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Samco Vs Progressive Share Brokers - Broker Details
| Samco | Progressive Share Brokers | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2015 | 1996 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX and NCDEX |
| Branches | Zero | 3 |
| Brokerage | ₹20/Order or 0.2% | 0.04% per order |
| Broker Type | Discount Broker | Full Service Broker |
Samco Vs Progressive Share Brokers - Account Opening & AMC Charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹400 ( 2nd year onwards ) | ₹250 per Year |
| Trading Account AMC | ₹0 (Free) | NA |
Samco Vs Progressive Share Brokers - Brokerage charges & Plans
| Samco | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | ₹20/Order or 0.2% (whichever is lower) | 0.04% per order |
| Currency Futures | ₹20/Order or 0.2% of gross turnover (whichever is lower) | 0.04% per order |
| Equity Delivery | ₹20/Order or 0.2% (whichever is lower) | 0.35% per order |
| Equity Options | ₹20/Order | ₹35 per lot |
| Commodity Options | ₹20/Order or 0.2% (whichever is lower) | ₹35 per lot |
| Equity Futures | ₹20/Order | 0.04% per order |
| Currency Options | ₹20/Order or 0.2% of notional turnover (whichever is lower) | ₹15 per lot |
| Fixed Charges | ₹20/Order | 0.04% per order |
| Equity Intraday | ₹20/Order or 0.2% of gross turnover (whichever is lower) | 0.04% per order |
Samco Vs Progressive Share Brokers - Other Charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹50 per order |
| API Charges | Free | Free API |
| Call & Trade Charges | ₹20/Order | Rs. 20 (+ GST) |
| Other Brokerage Charges | ₹20/Order | 0.04% per order |
| Minimum Brokerage | ₹20/Order | 0.04% per order |
Samco Vs Progressive Share Brokers - Transaction Charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| Currency Options | NSE - ₹40/ Lacs (0.040%) on Premium Value | Exchange txn charge: 0.035% |
| Equity Futures | NSE - ₹2 per Lacs (0.0020%) | BSE - ₹1 per trade | NSE: 0.0019% |
| Equity Intraday | NSE - ₹3.45/Lacs (0.00345%) | BSE - ₹3.45/Lacs (0.00345%) | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
| Equity Options | NSE - ₹53/ Lacs (0.053%) on Premium | BSE - ₹1/ trade | NSE: 0.05% (on premium) |
| Commodity | MCX - Non Agri:- ₹2.6/ Lacs (0.0026%) | MCX - Agri:- ₹1.75/ Lacs (0.00175%) | NCDEX - A:- ₹3.5/ Lacs (0.0035%) | NCDEX - B:- ₹1.25/ Lacs (0.00125%) | Group A Exchange txn charge: 0.0026% Group B Exchange txn charge: 0.006% Clearing charge: .00025% |
| Currency Futures | NSE - ₹1.10/ Lacs (0.0011%) | Exchange txn charge: 0.0009% Clearing charge: .00025% |
| Equity Delivery | NSE - ₹3.45/ Lacs (0.00345%) | BSE - For A Group and B Group | Shares – ₹1/ Trade | For other groups - ₹3.45/ Lacs (0.00345%) | For XC, XT, XD, Z and ZP – ₹100/ Lacs (0.1%) | For R and P Group – ₹1000 / Lacs (1.0%) | NSE: 0.00325% BSE: 0.00275%(BSE: charges vary as per the scrip group) |
Samco Vs Progressive Share Brokers - Margin (Exposure)
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
Samco Vs Progressive Share Brokers - Features
| Samco | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | • SAMCO Trader- Desktop trading platform • StockNote Web- Browser based online trading website. • StockNote Application • StockNote API- Algo-trading software. • Stock Basket- Investment platform • RankMF- Direct Mutual Fund Investment Platform • SAMCO Star- Back Office software. | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Samco Vs Progressive Share Brokers - Review & Rating
| Samco | Progressive Share Brokers | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Samco Vs Progressive Share Brokers - Request a call back from Broker
| Samco | Progressive Share Brokers | |
|---|---|---|
Samco Vs Progressive Share Brokers - Investment Options
| Samco | Progressive Share Brokers | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Samco Vs Progressive Share Brokers - Order Type
| Samco | Progressive Share Brokers | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Samco Vs Progressive Share Brokers - Research & Report
| Samco | Progressive Share Brokers | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Samco Vs Progressive Share Brokers - Daily Market Report
| Samco | Progressive Share Brokers | |
|---|---|---|
| Daily Market Reports & News |
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Samco Vs Progressive Share Brokers - Suitable For Investor
| Samco | Progressive Share Brokers | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Samco Vs Progressive Share Brokers - Pros & Cons
| Samco | Progressive Share Brokers | |
|---|---|---|
| Pros | 1. Samco Securities is full of advanced features and has many advantages. Some of the advantages are as follows: 2.Variety of Margin products available for traders. 3. Instant and 100% paperless account opening. 4.User-friendly trading platforms. 5. Zero charges on demat account opening. 6. Free trading platforms. 7. Brokerage charges @flat Rs. 20 per executed order. 7. 15x leverage in over 500+ stocks for Equity Intraday trading. 8. Availability of bracket order and cover order to manage risk. 9. Trade from any place all over the India. | 1. Innovative Trading Platforms, 2.Educational Resources, 3.Low Fees and Commissions, 4.Responsive Customer Support, 5.Innovative Features |
| Cons | 1. Branches are not available for local support. 2. High pledge demat charges. | 1. Complexity of Trading Platforms, 2. Higher Minimum Deposit Requirements, 3. Limited Personalized Guidance, 4. Lack of Physical Branches |
Samco Vs Progressive Share Brokers - Background
| Samco | Progressive Share Brokers | |
|---|---|---|
Samco Vs Progressive Share Brokers - Compare All Brokers
| Samco | Progressive Share Brokers | |
|---|---|---|
Samco Vs Progressive Share Brokers - STT/CTT
| Samco | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | 0.05% on sell trade | 0.05% on sell side |
Samco Vs Progressive Share Brokers - Demat transaction charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + Gst per scrip | ₹10 per request |
Samco Vs Progressive Share Brokers - GST
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges + CM Charges) | 18% on (Brokerage + Transaction Charge) |
Samco Vs Progressive Share Brokers - SEBI Charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Samco Vs Progressive Share Brokers - Account Opening & AMC Charges
Samco
Progressive Share Brokers
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹400 ( 2nd year onwards )
₹250 per Year
Trading Account AMC
₹0 (Free)
NA
Samco Vs Progressive Share Brokers
| Samco | Progressive Share Brokers | |
|---|---|---|
Samco Review | Brokerage Charges, Account OpeningIncorporated in 2015, Samco is a Mumbai based stockbroker of India that took over Samruddhi Stock Brokers Limited and renamed it to Samco Securities Limited. Founded by Mr. Jimeet Modi, Samco is one of the fastest growing stock brokers of India. samco securities is a SEBI registered company and a proud member of BSE, NSE, NCDEX and MCX. Stock basket Samc .. + " Vs "+ Progressive Share Brokers |
Progressive Share Brokers Account Opening Process and Charges |
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Progressive Share Brokers
Progressive Share Brokers Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Samco Vs Progressive Share Brokers - Brokerage charges & Plans
| Samco | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | ₹20/Order or 0.2% (whichever is lower) | 0.04% per order |
| Currency Futures | ₹20/Order or 0.2% of gross turnover (whichever is lower) | 0.04% per order |
| Equity Delivery | ₹20/Order or 0.2% (whichever is lower) | 0.35% per order |
| Equity Options | ₹20/Order | ₹35 per lot |
| Commodity Options | ₹20/Order or 0.2% (whichever is lower) | ₹35 per lot |
| Equity Futures | ₹20/Order | 0.04% per order |
| Currency Options | ₹20/Order or 0.2% of notional turnover (whichever is lower) | ₹15 per lot |
| Fixed Charges | ₹20/Order | 0.04% per order |
| Equity Intraday | ₹20/Order or 0.2% of gross turnover (whichever is lower) | 0.04% per order |
| Call Back Open Account |
Samco Vs Progressive Share Brokers - Margin (Exposure)
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Samco Vs Progressive Share Brokers - Other Charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| RMS Square Off Charge | ₹20/Order | ₹50 per order |
| API Charges | Free | Free API |
| Call & Trade Charges | ₹20/Order | Rs. 20 (+ GST) |
| Other Brokerage Charges | ₹20/Order | 0.04% per order |
| Minimum Brokerage | ₹20/Order | 0.04% per order |
Samco Vs Progressive Share Brokers - STT/CTT
| Samco | Progressive Share Brokers | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on the sell side |
| Equity Options | 0.05% only on sell | 0.0625% on sell side (on premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on buy & sell |
| Equity Futures | 0.01% only on sell | 0.0125% on sell side |
| Commodity Options | 0.05% on sell trade | 0.05% on sell side |
Samco Vs Progressive Share Brokers - Demat transaction charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity Demat Transaction Charges | ₹10 + Gst per scrip | ₹10 per request |
Samco Vs Progressive Share Brokers - GST
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges + CM Charges) | 18% on (Brokerage + Transaction Charge) |
Samco Vs Progressive Share Brokers - SEBI Charges
| Samco | Progressive Share Brokers | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Samco Vs Progressive Share Brokers - Features
| Samco | Progressive Share Brokers | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:30pm | Currency: 4:45PM | Commodities: 11:15 PM |
| Trading Platform | • SAMCO Trader- Desktop trading platform • StockNote Web- Browser based online trading website. • StockNote Application • StockNote API- Algo-trading software. • Stock Basket- Investment platform • RankMF- Direct Mutual Fund Investment Platform • SAMCO Star- Back Office software. | 1. Investor 360 Web Portal, 2. Investor 360 Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |