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gnsrael
1-2 years

How do the different account types provided by SAMCO differ from one another?

Broker Issues
SAMCO
Instruments
Leverage
Account
Platform
07-31
United States
WikiFX
Reply

Drawing from my experience as a trader, I look closely at account structures before opening an account. With SAMCO, I noticed that their account offering is positioned around simplicity—they advertise a free online trading and demat account for all clients. Instead of multiple account tiers with varying features, SAMCO relies on a flat pricing scheme: ₹20 per order for most trades, with specific alternatives like 0.20% for equity delivery or 0.02% for intraday and F&O trades. There isn’t an array of separate account types providing different leverage levels, perks, or platform access; rather, every client seems to get the same foundational access to their trading ecosystem and tools. For me, the lack of account type differentiation may appeal to traders who value transparency and straightforward costs. However, I tread cautiously given their structure. While this model removes the confusion of “silver” versus “gold” accounts, it also means advanced services or tailored solutions are likely limited, especially for active or high-volume traders who might expect volume discounts or premium features elsewhere. It’s also important to factor in SAMCO’s lack of valid regulatory oversight, which increases the risk for any funds deposited—this makes understanding the exact terms of their “one-size-fits-all” account crucial before committing capital. In summary, for SAMCO, all clients use essentially the same account type with uniform fee structures, which is simple, but I am especially careful about risk and regulatory considerations here.

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