WikiFX

Sagot

From my perspective as an independent trader who’s always cautious with broker selection, trading costs are a major concern—especially when considering a provider like SAMCO. My examination shows that while SAMCO heavily advertises being a discount broker, their published fee structure is fairly straightforward: they charge a flat ₹20 per order on trades (including for equities and F&O), or 0.02% for intraday and F&O trades. For equity delivery, the cost is the lower of ₹20 or 0.20% per order. However, this simplicity comes with important qualifications, particularly for instruments like the US100 (NASDAQ 100 index derivatives or CFDs). First, it’s critical to recognize that SAMCO operates as a regional Indian brokerage with *no valid regulatory oversight*, according to the information I’ve verified. This elevates not only the business risk but also means their listed costs could change without public transparency. Additionally, while their platform offers access to a wide selection of assets—indices included—the true “all-in” trading cost might extend well beyond the basic fee. From my own experience, for index products, traders often face extra expenses such as spreads (the difference between buying and selling prices), statutory transaction fees, exchange charges, potential currency conversion if the index is non-INR, and sometimes platform or overnight funding fees for leveraged positions. Particularly with leverage (SAMCO advertises up to 4x), costs can accumulate rapidly if a trade is held overnight and subject to interest. I personally factor in every rupee—not just the apparent commission—because spreads and financing can erode profits far quicker than headline brokerage rates suggest. In summary, while SAMCO’s flat ₹20/order can appear attractive, as a cautious trader, I recommend verifying—before trading—which additional fees apply to the US100, and reading all fine print. The lack of regulation, for me, adds a substantial layer of risk that must be weighed heavily against any potential savings in trading costs.