Samco Complaints

Other Stock Broker Complaints

Each stockbroker gets some sort of complaints registered against them. This is for the simple reason that all clients cannot stay happy with every brand they use. In stockbroking, Samco Complaints get registered based on different unsatisfactory services provided by the broker.

In this review, we will have a close look at these complaints.

Samco is a discount stockbroker in India and is known for its low brokerage and exposure offered across segments. At the same time, it has its concerns when it comes to customer service, offline presence, research and so on. Like any other discount broker, Samco offers you to trade at low brokerage rates. You can check this Samco Brokerage Calculator for reference.

As per the latest records, Samco has an active client base of 41,433.

Samco Complaints Info

Here is a quick snap-shot of the complaints raised by its client base over the last few years along with the number of complaints resolved by the broker in each financial year.

As shown above, this is the break up of the complaints received by the broker and resolved at the same time.
  • For the year 2015, Samco complaints were 8 and it was able to resolve 100% of the complaints.
  • For the year 2016, Samco complaints were 19 and it was able to resolve 100% of the complaints.
  • For the year 2017, Samco complaints were 7 and it was able to resolve 100% of the complaints.
  • For the year 2018, Samco complaints were 19 and it was able to resolve 100% of the complaints.
  • For the year 2019, Samco complaints are 7 and it was able to resolve 71% of the complaints.

Samco complaints Vs Industry

When it comes to comparing Samco with the Industry Average in terms of the number of complaints per 10,000 clients, then this is how the broker stands against the industry average:
In other words, Samco gets more than double the complaints as far as Industry standards are concerned with Samco getting complaints from 0.04% of its active client base while the Industry average is 0.11%.
If you have had any good or bad experiences with the broker, feel free to share in the comments section below and help your fellow traders to make a decision to go ahead with Samco as a stockbroker or not.

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