Zerodha
India's largest stockbroker by client base
4.6/ 5
Best for: Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.
Compare Zerodha with others →Broker review
SAMCO review
Flat ₹20 trading with research-backed tools
3.9/ 5
- Since 2015
- Delivery ₹20 or 2.5% per order
- AMC Free 1st year, ₹400 + taxes after
Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test
Fees & pricing4.2
Trading platforms4.0
Customer support3.7
Research & education3.8
Ease of opening4.0
Overview
Flat-₹20 discount broker pairing derivatives, commodity and currency pricing with research (StockBasket), margin levers and a disclosed US-stock investing section.
Best for: Derivatives traders wanting Indian plus US equities in one account.
Pros & cons
What we like
- Flat ₹20 across equity, F&O, commodity and currency
- Disclosed US-stock fees on the pricing page
- Free Trade API plus margin products
Watch out for
- ₹400 AMC from year two versus lifetime-free peers
- Delivery cap wording inconsistent across page sections
- DP and pledge extras add friction
Fees & charges
Account charges
- Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
- Free demat account✓ Verified 14/9/2026
- Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
- Free 1st year, ₹400 + taxes after✓ Verified 14/9/2026
Equity
- Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
- ₹20 or 2.5% per order✓ Verified 14/9/2026
- IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
- ₹20 or 0.25% per order✓ Verified 14/9/2026
- DP charge (sell)Charged when shares leave your demat on a sell (delivery). Goes mostly to the depository, not the broker.
- ₹20 + taxes within SAMCO✓ Verified 14/9/2026
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- ₹20 per order✓ Verified 14/9/2026
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- ₹20 per order✓ Verified 14/9/2026
Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.
What you can invest in
- Stocks (delivery)
- ✓ Yes
- Intraday
- ✓ Yes
- Futures & options
- ✓ Yes
- Mutual funds
- —
- IPO
- —
- US stocksUS-stock fee table disclosed
- ✓ Yes
- Trading APIFree Trade API (200 orders/sec)
- ✓ Yes
Platforms & features
platforms
- Mobile app✓ · Samco app (Android + iOS)
- Web platform✓ · Web Samco + Nest Trader
investing
- US stocks✓ · US-stock fee table disclosed
trading
- Trading API✓ · Free Trade API (200 orders/sec)
research
- Research & advisory✓ · StockBasket research
Support & company
Customer support
Support channels not yet listed — check the broker's contact page.
Company facts
- Founded
- 2015
- Regulation
- SEBI-registered stockbroker | Member: NSE, BSE, MCX
Feature-rich flat-fee broker; confirm the AMC and delivery-cap wording first.
How to open a SAMCO account
Start your application
Open the SAMCO signup with your mobile number and email — it takes about 10 minutes.
Complete e-KYC
Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).
E-sign documents
Digitally sign the account-opening form and nomination details via Aadhaar e-sign.
Get your client ID
Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.
Alternatives to SAMCO
Groww
Beginner-friendly investing super-app
4.5/ 5
Best for: Beginners and mutual-fund investors who want one simple app for everything.
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Upstox
Low-cost broker with fast trading tools
4.3/ 5
Best for: Mobile-first traders and developers who use trading APIs.
Compare Upstox with others →User reviews
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How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.