I have been actively participating in capital markets from last many years, and used many brokerage platforms for trading . 2 years back I opened my DMAT account with Samco securities . It has been great experience with them
Starting from Account opening process: Its easy and there are NO ACCOUNT OPENING CHARGES
I say it is easy because u dont have to contact anybody for anything You just have to go to https://samco.in and click to the open and account link . A form will open which have to be filled and after completion a PDF file is generated . You have to take a print out of this and sign it(arround 10-11 signatures are required) attach required documents and courier it to their address. That is if you have done it correctly your account will be opened within a week.
here you have one more option that if you do not want to the fill form then you can choose pick up option, in this case a person will come and check your documents and get it filled and take it with them and your account will be opened in one shot but that time it was chargeable so I choosed to fill and send myself as it was very simple .
Then Next after account opened:
Samco provides three OPTIONS FOR TRADING: 1. Samco Trader(Desktop Software) 2. Mobile Trader(application) 3. Website
I tried all the three options I loved Samco trader as it is a light weight software and requires normal internet speed and provides
Tick by tick real time price of the scripts
You can beautify and customise accordingly change colour font etc(this is not possible with other brokers) colour changes with an uptick and downtick of stock prices.
100 scripts can be added in market watch which is ok
BROKERAGE: Only 20 rs brokerage+Taxes are charged which is the Best feature
Other Brokerage firms charges in percentage say for example 0.50% for delivery, 0.05% for intraday Trading+ taxes(which is common for all brokerages)so whatever the percent may be it has to be more than 20 rs . So I call it cheapest .
CUSTOMER SERVICE: It is best among other players . As it is very easy to contact them, and even if you are in queue and you disconnect the call, these wonderful people contact you after some time, this is something makes them Best .
I have some Share certificates of a company whose name is changed, I tried to get it DMAT through other brokers also but none took pains to get it done . But Samco took time but ultimately get it done with the registrar . So my heatly thankful to them for this
TRUSTWORTHY: As they advertise with Cnbc as their parter and Kapil Dev is their brand ambassador . So this made me trust them as 2 years back I have not heart their name .
So let me sum up with Pros and cons
Pros:
-Easy to use
Cons:
They donot provide any inhouse research calls for clients
You get a lot of calls for equity advisory sevices from random companies(this is irritation at times)
Charts which we can see through Portal are not very clear .
For funds/ Payout / Profit and loss reports etc you have to login to there Back office( all this is not done from trader)
I recommend to all my friends and relatives . So it is a good option for all.