Mdirect vs SAMCO (Compare Mdirect vs SAMCO)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Mdirect vs SAMCO, Below comparison of Mdirect vs SAMCO highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

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One on One comparison of Mdirect vs SAMCO is given below:

Mdirect

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SAMCO

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	Mdirect	SAMCO

About The Brokers	Mdirect : >>> more	SAMCO : "SAMCO delivers you the better trade experience with low cost, advanced technology (friendly in usage) and a benefit of membership across all leading stock market and >>> more
Find More Information about the Broker :	Mdirect : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	SAMCO : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Mdirect : Full Service Broker	SAMCO : Discount Broker
Promo/offers	Mdirect : N/A	SAMCO : Special Offer: Flat ₹20 Brokerage per executed trade + Free Account opening and Zero Demat AMC for 1st Year. Get the offer
Advantage	Mdirect : NA	SAMCO : NRI Trading. Flat Rate Brokerage Plan (Rs 20 per trade) is simple and easy to understand. ITL, the trading League. Trading and Demat Account opening are FREE with SAMCO. Referral Credit. Cover Order, Bracket Order and Trailing Stop Loss order are available Get up to 4x Delivery Leverage in the Cash Markets. Margin Against Shares: Trade with ZERO Cash Balance. Get Upto 80x Leverage for Nifty, 33x leverage for stocks 60x for commodity. Trading software is available for free to all the customers. Adhar based instant paperless account opening .
Disadvantage	Mdirect : NA	SAMCO : No Yearly, Monthly fixed plans available for heavy traders. Investment in IPO is not possible Mutual Fund investment is not available. Average customer Service. High Pledge (Creation/Closure/Invocation) demat charges. SAMCO changes Rs 60 per ISIN while brokers like Zerodha charge Rs 32 per ISIN (Rs 20 + Rs 12 CDSL Fee).
Why This	Mdirect : NA	SAMCO : SAMCO offers Trade at Rs.20 per Order across all segments and irrespective of Order Size. Trade Stocks, Futures, Options, Commodities at Flat 20 per order only Get Delivery Trades Funded: up to 4X Leverage Samco Provides highest Leverage in the Industry: Get 80x Leverage to trade the NIFTY. The first 20 Call-N-Trade orders are free Free tools like Brokerage Calculator, SPAN Calculator, SAMCO Data Bank, Pledge Monitor and trading platform on web, desktop and mobile. Special feature like Samco Rank MF, SAMCO Cash Plus, Samco Stock Plus , Samco Intra Plus , SAMCO Data bank, SAMCO Ratings Monitor

Mdirect vs SAMCO Account Opening & AMC Charges

- and SAMCO Trading Account Opening Fee is ₹0 . - and SAMCO Demat Account AMC is ₹400 (Zero Demat AMC for the 1st year) .

	Mdirect	SAMCO
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : ₹0
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : ₹400 (Zero Demat AMC for the 1st year)
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : ₹0

Mdirect vs SAMCO Brokerage Charges

Mdirect Brokerage Charges SAMCO Brokerage Charges Equity Delivery is ₹20 per executed order or 0.2%, whichever is lower and Equity Intraday is ₹20 per executed order or 0.2%, whichever is lower and Equity Options is ₹20 per executed order .

	Mdirect	SAMCO
Plan Name	-	Plan Name : Fix Brokerage Plan
Equity Delivery	-	Equity Delivery : ₹20 per executed order or 0.2%, whichever is lower
Equity Intraday	-	Equity Intraday : ₹20 per executed order or 0.2%, whichever is lower
Equity Future	-	Equity Future : ₹20 per executed order or 0.2%, whichever is lower
Equity Options	-	Equity Options : ₹20 per executed order
Currency Futures	-	Currency Futures : ₹20 per executed order or 0.2%, whichever is lower
Currency Options	-	Currency Options : ₹20 per executed order
Monthly Fee	-	Monthly Fee : NA
Margin Trading	-	Margin Trading : Yes
Commodity Futures	-	Commodity Futures : ₹20 per executed order
Commodity Options	-	Commodity Options : ₹20 per executed order

Mdirect vs SAMCO Transaction Charges (Per Crore)

Mdirect Transaction Charges (Per Crore) - and - . SAMCO Transaction Charges (Per Crore) Equity Future is NSE ₹190 per crore | BSE ₹1 per trade (each side) and Equity Options is NSE ₹5000 per crore | BSE ₹1 per trade (each side) .

	Mdirect	SAMCO
Equity Delivery	Equity Delivery : -	Equity Delivery : NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Intraday	Equity Intraday : -	Equity Intraday : NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Future *	Equity Future : -	Equity Future : NSE ₹190 per crore \| BSE ₹1 per trade (each side)
Equity Options *	Equity Options : -	Equity Options : NSE ₹5000 per crore \| BSE ₹1 per trade (each side)
Currency Futures *	Currency Futures : -	Currency Futures : NSE ₹110 per crore (0.0011%)
Currency Options	Currency Options : -	Currency Options : NSE ₹4000 (on premium) per crore (0.040%)
Commodity	Commodity : -	Commodity : Non-Agri ₹260 (0.0026%) \| Agri ₹175 per Crore

Mdirect vs SAMCO Other Charges

Mdirect and . SAMCO Minimum Brokerage is ₹0 and Call & Trade is ₹20 per executed order .

	Mdirect	SAMCO
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : ₹0
Call & Trade	Call & Trade : -	Call & Trade : ₹20 per executed order
Stamp Duty *	Stamp Duty : -	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹10 + CDSL Charges
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

Mdirect vs SAMCO Features

Mdirect and SAMCO both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Mdirect	SAMCO
Trading Platform	Trading Platform : -	Trading Platform : StockNote Web & App, Nest Trader, StockBasket
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : -	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : -	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : CashPlus & Stock Plus for leverage & Margin
Referral Program	Referral Program : -	Referral Program : No
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes

Mdirect vs SAMCO Demat Account Charges

A comparative table of various demat account charges between Mdirect and SAMCO is below:

	Mdirect	SAMCO
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : ₹0
Advance Deposit	Advance Deposit : -	Advance Deposit : NIL
AMC	AMC : -	AMC : ₹0
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : ₹10 per Certificate plus Courier Charges ₹50 per request
Rematerialisation Charges	Rematerialisation Charges : -	Rematerialisation Charges : Actual CDSL charges plus Courier charges ₹50 per request.
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : Nil
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : ₹25 or 0.02% of transaction (whichever is higher)
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : ₹60
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : Nil
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : ₹60
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : Nil
Other Charges	Other Charges : -	Other Charges : -

Mdirect vs SAMCO Basic Details

Mdirect and and . SAMCO Year of Incorporation is 2015 and Total Number of Clients is 79445 and .

	Mdirect	SAMCO
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2015
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : BSE, NSE, MCX
Demat Services	Demat Services : -	Demat Services : No
Website	Website : -	Website : www.samco.in
Contact Details	Contact Details : -	Contact Details : +91 22 2222 7777
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 79445
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : -	Products : CashPlus,Option Fair Value Calculator,Risk Advisor,Data Bank,Stock Ratings

Mdirect vs SAMCO Leverage

Leverage

	Mdirect	SAMCO
Equity Delivery	Equity Delivery : -	Equity Delivery : Up to 4x
Equity Intraday	Equity Intraday : -	Equity Intraday : Normal Orders: 3x to 15x \| CO & BO: Up to 33x
Equity Futures	Equity Futures : -	Equity Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Equity Options : -	Equity Options : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Currency Futures : -	Currency Futures : Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	Currency Options : -	Currency Options : Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures	Commodity Futures : -	Commodity Futures : Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options	Commodity Options : -	Commodity Options : -
F&O (Eq, Curr, Comm)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -

Mdirect vs SAMCO Orders

Orders

	Mdirect	SAMCO
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : Yes
After Market Orders (AMO)	After Market Orders (AMO) : -	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : No

Mdirect vs SAMCO Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Mdirect	SAMCO
Equity Trading Recommendation *	Equity Trading Recommendation : -	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : -	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : -	Recommendation basis risk Profile : No
Comparison *	Comparison : -	Comparison : No
Free Tips *	Free Tips : -	Free Tips : No
Daily Market report *	Daily Market report : -	Daily Market report : No
ETF research *	ETF research : -	ETF research : No
Quarterly Results *	Quarterly Results : -	Quarterly Results : No

Mdirect vs SAMCO Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Mdirect	SAMCO
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : No
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : No

Mdirect vs SAMCO Product & Services

Mdirect and SAMCO both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Mdirect	SAMCO
Delivery Based Trading *	Delivery Based Trading : -	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : -	Margin Trading : Yes
Call in Trade *	Call in Trade : -	Call in Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : -	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : -	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : -	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : -	NRI Services : Yes
SMS Alerts *	SMS Alerts : -	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : -	Offers Multiple Plan : No
IPO Investment *	IPO Investment : -	IPO Investment : No
Portfolio Analysis *	Portfolio Analysis : -	Portfolio Analysis : Yes
Advanced Charting Features *	Advanced Charting Features : -	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : -	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : -	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : -	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : -	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : -	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : -	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : -	Aumtomated Trading : No

Mdirect vs SAMCO Customer Services

Mdirect and SAMCO both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Mdirect	SAMCO
Toll Free Number *	Toll Free Number : -	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : -	Live Chat Facility : No
Email Facility *	Email Facility : -	Email Facility : Yes
Branch Offices *	Branch Offices : -	Branch Offices : No
Customer Care *	Customer Care : -	Customer Care : Yes
Community Service *	Community Service : -	Community Service : Yes
Relationship Manager *	Relationship Manager : -	Relationship Manager : No
24/7 Support *	24/7 Support : -	24/7 Support : No

Mdirect vs SAMCO Other Investement

Mdirect and SAMCO both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Mdirect	SAMCO
Commodity Trading *	Commodity Trading : -	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : -	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : -	Investment in Mutual Funds : No
Investment in Bonds *	Investment in Bonds : -	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : -	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : -	Insurance Services : No
Banking Services *	Banking Services : -	Banking Services : No

Mdirect vs SAMCO Trading PlatForm

Mdirect and SAMCO both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Mdirect	SAMCO
Web Platform *	Web Platform : -	Web Platform : Yes
Android Mobile App *	Android Mobile App : -	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : -	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : -	Desktop Mac : No
I-Pad App *	I-Pad App : -	I-Pad App : No
Virtual Trading *	Virtual Trading : -	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : -	iPhone Mobile App : Yes
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