Hello friends, am working with SAS online from last 6 months. Initially I joined them as a client but I was so impressed with the service and their simple and cheapest brokerage plans. All I can say about brokerage plan is you will not get this cheap rate by any other broker, many of the discount brokers have some hidden charges which we never observe since we are more concerned about our MTM profit or loss. But as a Business Associate I need to check all this things, at-least in term of charges because this is the only reason why many brokers losing their clients. I have checked each and every word of the digital contract note, all the charges are very transparent and clear. No HIDDEN CHARGES at all.
Many reviewers are complaining about the margin issue, but what I feel is if a trader is having enough margin he can trust this broker since as a trader my concern is with charges which erodes my profit, not margin, since I feel margin is a liability or risk. Which may destroy our risk management system. So only Traders who have sufficient margin can trade with SAS online, since you wont loose much from your profits.
Well this was my experience with SAS Online from lat 6 months and almost 50 clients are working under me. SAS charges some fee as one time account opening fees, which can be waived off if you go through any Business associate for opening account. What else you need guys, a life time free demat and trading account and transparent Brokerage Structure.