Yes. Brokerage of 0.25% or $0.25 – whichever is higher is charged on both buy and sell transactions.
What brokerage is charged for US stock trading?
Samco charges a brokerage of 0.25% of the trade value or $0.25 — whichever is higher on all US stock trades. What this means for you: If you buy $500 worth of a US stock, 0.25% comes to $1.25 – so $1.25 is charged as brokerage. If you buy $50 […]
Do I need a separate login for US Stocks?
No. You can access US Stocks using your existing Samco login credentials. There is no separate username or password required.
Can I access US stocks on both mobile and desktop?
US Stocks on Samco is currently available on the Samco mobile app only. Desktop access is not supported at this time. You can download the Samco app on: Android : Google Play Store iOS : Apple App Store
How do I access the US Stocks section in the Samco app?
Once your US Stocks account is activated, you can access the US Stocks section directly from the Samco app. Tap the ‘IND’ toggle on the bottom navigation bar to switch from the Indian market to the US Stocks section. From here you can browse stocks, place orders, view your portfolio […]
What types of recommendations are available?
Samco currently offers three types of US stock and ETF recommendations: US Stocks – 1 Year Horizon — Handpicked US stocks ideal for medium-term investors looking to hold for approximately 1 year. US Stocks – 3 Month Picks — Short-term US stock ideas based on momentum, earnings, and market trends […]
Where can I find US stock recommendations in the app?
Once you switch to the US Stocks section on the Samco app, you can find recommendations directly on the home screen under ‘Best Picks for You’. Tap on ‘All Recommendations’ to view the complete list of available US stock and ETF recommendations.
Can I place a trade using MTF or leverage in US stocks?
No. Margin Trading Facility (MTF) and leverage are not available for US stocks on Samco. All US stock trades are fully funded and you can only buy stocks with the available balance in your US stocks account.
Why are market orders blocked for certain symbols?
Market orders are blocked for certain US stocks where the stock price is very high or liquidity is low for example, Berkshire Hathaway. This is to protect your order from executing at an unexpected or unfavourable price. For such stocks, you can use the “Buy in Quantity” order type to […]
Can an order placed during pre-market/post-market be cancelled?
Yes. You can cancel a pending order placed during pre-market or post-market hours at any time, as long as it has not been partially or fully executed.