Here is a point by point comparison of IIFL Vs Samco.
Samco is a discount broker that was incorporated recently in 2015 and charges a flat fee per transaction from its customers. SAMCO is a member in trading segments of equity cash and derivative of both NSE and BSE.
IIFL Vs Samco Comparison
IIFL too is a prominent name in Indian full-service broking. It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. IIFL was incorporated in 1995 and today is one of the top three full-service brokers in India.
Everything about discount brokers such as Samco is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as IIFL, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between IIFL Vs Samco to help you find which of the two suits your needs better.
The comparison is made on various aspects such as:
Account Opening Charges
Exposure or Leverages
IIFL Vs Samco Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.