SAS Online Discount Broker Review
SAS Online Discount Broker Review: – Brokerage firms conduct business transactions such as buying and selling stocks for their clients. They provide varied services to their customers and charge fixed fees as a commission for the trading operations carried out by them for their customers due to the increasing number of recent discount brokers, competition between them has increased further.
This competition has forced new companies to come up with new and better services at cheaper prices and discounts for their customers. SAS is a discount brokerage company that was incorporated in the year 1995. It is an online discount brokerage firm offering brokerage services for stocks, futures and options, currencies and commodities on the NSE, bse and MCX stock exchanges .
SAS Online Discount Broker Review
SAS represent the shares of South Asian Stocks Ltd. which started their online discount brokerage business in April 2013, currently having more than 6000 customers in 570+ cities in India. They are working for an average daily turnover of Rs.3500 + CR, from the year 2015. This contribution adds up to at least 125 of the total turnover of the Indian market. Similar to any other discount brokerage company, SAS Online also operates with automated and computerized systems from a single centralized office located in Delhi.
In this way, the company is really taking advantage of the technology thus saving abundant in real estate, HR and other functional costs that are passed on to the clients in the form of their discount brokerage service plans. They do not need account minima or hidden costs, which makes it less costly and allows customers to trade hassle free.
Trading platforms offered by SAS Online
Using SAS online, a customer will market the following 2 ways:
NEST Trader: can be a fully functional trading platform that allows the rapid execution of operations with real monitoring in real time. This is an easy-to-use and easy to use platform that is provided to all your customers for free. Commercial operations in all segments and exchanges can be done on this unique platform. It is available in desktop format and also in web and mobile formats and versions.
NOW Trader: this is free software provided by the national stock exchange which is located in the economic center of India, Mumbai. Using this, you will trade in equities, which has NSE and bse, derivatives, currency, using this platform. Like all other platforms, this is available additionally in desktop formats and also in versions or web and mobile formats.
Types of accounts offered by SAS Online
SAS Online offers 4 different types of plans to meet your business requirements: –
Rs.9 per trade plan: This plan offered by SAS Online comes with a flat Rs.9 per trade providing regardless of the size of the executed trade. Brokerage charges as Rs.9 per trade in other words is 0.01%. Trading with this plan is available on the bse, NSE and MCX stock, commodities and, additionally, currency derivatives segments.
Rs.999 MCX Plan: This trading plan offered by SAS Online offers an unlimited monthly commodity trading package on the MCX stock exchange for a fixed price of Rs.999 per month. This plan usually suits people who have the collapse of the trade and are looking to perform large transactions each month.
Rs.999 Equity Plan: This trading plan offers an unlimited trading package across the stock segment for a fixed price of Rs.999 per month. Under this plan, trading is available in bse cash, NSE cash and NSE F & A segment. This plan fits customers who are well versed in equity transactions and are looking for some great deals every month.
Rs.499 currency plan: This plan offers an unlimited package of trading across the entire segment of currency derivatives at a fixed price of Rs.499 per month. Commercial operations can be performed in NSE.
Open an account with SAS Online
To conduct online transactions with SAS Online, an investor has to open an account first. The online SAS application form is available on the online website. The applicant must complete the online form and send it to the competent authorities. After this, representatives of the SAS Online office will contact the applicant and provide more details to create an account with the company.
SAS Online Brokerage Costs
|SAS Online Charges||EQUITY Delivery||EQUITY Intraday|
|Rs.999 MCX Plan/ Rs.999 equity plan/||Rs.0||Rs.0|
|Rs.9 per trade plan||0.1% or Rs.9/trade,||0.01% or Rs.9/trade,|
|STT||0.1% on both buy||0.025% on the sell|
|Transaction/turnover charges||Rs.325/ CR||Rs.325/CR|
|Service tax||12% on brokerage||12% on brokerage +|
|Education Cess||2% of service tax||2% of service tax|
|Higher education Cess||1% of service tax||1% of service tax|
SAS Online Charge Structure
STT: This is only charged on the selling side for intraday and F & O transactions. For equity delivery operations, it is charged on each side of sale and purchase.
Service Tax: These charges are charged according to the state tax laws in which the customer resides.
Cess Education: This is charged on two of the customer service tax.
Higher Education Cess: this is charged on the 125th of the customer service tax.
SEBI Rotation Charges: This is charged at Rs.325 / CR for equity, Rs.250 / CR for futures, Rs.6000 / CR at present premium for options.
Stamp Tax: These are charged to customers based on the state in which the customer resides.
SAS Online Demat Account
A Demat account is for traders who fear for the safety of their operations who believe that they are lying with their brokers. With a Demat account, this is not the cast as the parties are actually lying with NDSL or CDSL which is under the name of the actions of the Government of India.
The charge for opening a new Demat account with SAS Online is Rs.200, which will be paid initially. There is an annual maintenance charge for the non-individual account amounting to Rs.500. The transaction charges with a Demat account are Rs.9 per trade plus the deposit freighters in the real.
There is also a charge for each failed or rejected transaction of Rs.30 per transaction. In addition, Demat refusal charges amount to Rs.35 per refusal per 500 grams.
Advantages of SAS Online
The margin against shares is available that is not present in all discount brokerage firms.
There are monthly trading plans available for trading on the three stock exchanges, NSE, BSE and MCX.
Trading software, including the SAS Online website, is available on desktop and mobile as well and all platforms are offered at no cost.
There is no minimum brokerage system.
Customers could get between 20% and 50% of the brokerage paid by them when referring SAS Online to their friends and family.
This is known as the SAS Online reference program.
Disadvantages of SAS Online
SAS Online does not offer a 3 in 1 account unlike some brokerage firms that do.
It does not offer the possibility of investing in IPO, FPO, mutual funds, FDs, NCDs and OFS.
There is a call and trade function as well, but it is available at an additional cost of Rs.20 for executing trade or order.
Complaints about SAS Online at BSE / NSE:
SAS Online, since the inception of the firm, has received a very small number of complaints filed against a stock broker. In the year 2103-14, they had about 2000 clients of whom only a single complaint was received. In the year 2014-15, they had about 4000 clients of whom only 9 complaints were filed. In this year, 2015-16, they have about 5000 customers and only two complaints have been filed so far. This is a very nice record that SAS Online boasts of its customers, and it is impressive.
Free brokerage account:
There is now the possibility that new customers can create accounts with SAS Online for free. This is a limited time offer. There is no payment as account opening fees. This only exists for the special visitors of Chittorgarh.com. You should leave your contact information with them and a SAS Online representative will contact you shortly.
SAS Online, since its inception in 2013, has always been well rated and excellent in terms of customer satisfaction. Therefore, this is one of the most suitable discount brokerage firms for users of all segments. By offering cheap rates and free opening of accounts, SAS Online has captured the attention of the new generation of merchants in this country.
SAS Online is well known for being fast in its services and maintaining a relationship with the customer. Therefore, with great qualification and comments and cheap offers and quick services, SAS Online has a very bright future in the commercial world of India and would only improve over time.