In this article, we are discussing everything you need to know about the SAS Online Review 2024, Check SAS Online brokerage charges, margin, trading platform, Demat and trading account charges, branches, customer care contact, pros, cons, and more about SAS Online.
SAS Online, founded in 1995, is an internet-based discount brokerage firm that provides stock, futures, options, currency, and commodity brokerage services on the NSE, BSE, and MCX exchanges.
SAS Online has been providing low-cost brokerage services since 2013. They have 35000 plus clients distributed across 760 plus cities in India as of September 2019. With an average of 1 lac+ orders per day, they generate an average daily transaction of Rs 10,000+ Cr, accounting for nearly 1% of the entire Indian stock turnover.
Customer brokerage services are provided by a single centralized office in Delhi, as is the case with most discount brokers. This is accomplished by utilizing technology to save money on real estate, human resources, and other operating expenses, which are then passed on to customers in the form of deep discount brokerage programs. There are no account minimums or hidden fees, resulting in reduced trading expenses and less trouble.
More About SAS Online:
Shrey Jain, Anubha Jain, and Siddhant Jain founded the firm as a discounted broker with just three employees on board. The discount brokerage firm’s development has been remarkable and rapid, as seen by the fact that in only six months, the company has attracted 1000 clients and a steady stream of referral accounts. Later, in October 2014, the broker received an MCX trade membership, which allows for trading and investing in equities intraday, equity delivery, futures and options, commodities, and currencies. In June of that year, By becoming a registered depository participant with NSDL, the broker will provide Demat account opening services. A 2-in-1 account, which includes both a SAS Online Demat Account and a SAS Online Trading Account, may be opened. Customers can also invest in mutual funds using the discount broker’s services.
SAS Online Review- Advantages and Disadvantages:
SAS Online is one of the cheapest share brokers to provide Indian Traders and a simple interface for trading across equity, F&O, commodities, and money for extremely reasonable brokerage costs.
What I Like (Pros):
- Trading in equity cash, intraday, derivatives, commodities, and currencies is permitted by the discount broker.
- Flexible plans for brokering; Rs 9/per commercial and monthly plans for brokerage. The broker has no percentage-based methodology for brokering.
- Indian people can create a SAS Online Demat and commercial account.
- Investing with SAS mutual funds SAS MF app online.
- ALPHA Smartphone, Alpha Browser, and ALPHA Trader have free access to ALPHA-based trading platforms. Complete access.
- SAS Online Call & Trade and SAS online Referral services provide additional value.
- Margin’s availability against the facility for shares.
What I Don’t Like (cons):
- The brokerage business does not provide NRI trading services.
- SAS Online does not allow the creation of a 3-in-1 account.
- It does not make it easier to invest in IPOs, bonds, and other goods.
- The broker does not supply research reports.
SAS Online Account Opening charges:
- Trading Account Opening Fees: Rs 200; Commodity Fees: Rs 200.
- AMC for Trading Accounts: None.
- Fees for opening a Demat account are Rs 200.
- AMC for Demat Account: Rs 300.
SAS Online Brokerage Plane & Charges:
| Segment type | Charges |
|---|---|
| Equity Delivery Trading | Rs.9 per Trade |
| Equity Intraday Trading | Rs.9 per Trade |
| Commodity Options Trading | Rs.9 per Trade |
| Equity Futures Trading | Rs.9 per Trade |
| Equity Options Trading | Rs.9 per Trade |
| Currency Futures Trading | Rs.9 per Trade |
| Currency Options Trading | Rs.9 per Trade |
| Minimum Brokerage | Rs.9 per Trade |
| Trading AMC Charges | Free |
SAS online charges a fixed cost of Rs. 9 for each order executed, regardless of the instrument, i.e. stock, commodity, or currency. In the event of equity delivery, it charges a reduced brokerage of 0.1 percent or Rs. 9.
Similarly, for intraday trading, it charges 0.01 percent or Rs. 9, whichever is lower. It also has monthly plans, which are detailed below:
MCX (Rs. 999/Month):
By paying this monthly fee, you will be able to trade on the MCX stock market indefinitely. This alleviates the burden of brokerage, which is typically added to the cost of each transaction.
Equity (Rs. 999/Month):
This plan, like the previous, permits unrestricted trading of equities instruments at NSE cash, BSE cash, and NSE F&O by paying a monthly charge.
This plan also allows investors to withdraw 20 times in equity cash and 5 times in NFO and MCX.
Currency (Rs. 499/Month):
This plan allows an investor to engage in unrestricted trading in currency derivative products for the monthly fee specified. The leverage rates provided here are comparable to those provided in the Equity plan.
These monthly costs must be paid at the start of the term; however, SAS online does give a waiver that no fee will be charged if no transactions are completed throughout the month.
The organization does not require a minimum balance, software fees, or obligations of any kind. Furthermore, it provides margins against shares, as is typical in the industry.
SAS Online Other Charges:
| Transaction Charges | 0.00% |
| STT | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction Charges) |
Other fees are imposed on top of the brokerage fees, such as transactional fees of 0.00300 percent and STT of 0.0126 percent of total turnover.
SEBI charges 0.0002 percent of the entire turnover, and depending on the state, stamp duty is applied. GST is levied at 18 percent of (brokerage+transaction costs).
The other fee is relatively little, therefore it has little impact on the overall investment or profit percentage.
SAS Online Margin:
Depending on the stock, SAS Online margin for intraday trading might be up to 6x. At the BSE, NSE, and MCX, the SAS Online F&O intraday trading margin is 1.3x for Equity, Currency, and Commodity trading. SAS Online F&O carry forward holdings and equity delivery trades are not eligible for extra margin.
| Segment Type | Margin |
|---|---|
| Equity Delivery | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) |
| Equity Futures & Options | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Currency Futures & Options | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
Note: Beginning September 1, 2021, the margin for trading will be determined by the exchange, according to SEBI’s new margin policy. At the BSE, NSE, and MCX, brokers cannot provide an ‘extra margin’ of 20x in any category. Customers will have the same margin exposure from all full-service and discount brokers.
Open a Demat and Trading Account with SAS Online:
To trade in numerous items, the discount brokerage firm offers the following distinct sorts of account opening services to customers. It’s important noting that only Indian residents can trade at SAS Online by registering for one of the following items:
SAS Online Demat Account:
A Demat account is a place where you may deposit dematerialized securities, cash, and other assets. Residents can create a Demat account with the broker through SAS Online with a DP with NSDL, which offers depository services. The Demat and trading accounts are connected, so any securities acquired or sold through the trading account were credited or debited to the SAS Online Demat Account.
SAS Online Trading Account:
A trading account is one that allows you to place stock market orders over the internet. Clients who have a Trading account with SAS Online can purchase and sell a variety of financial products as often as they like, even during the same trading session. Citizens of India can create a SAS Online Trading Account to participate in intraday, delivery, futures, options, and currency markets.
SAS Online Commodity Trading Account:
The discount broker is a recognized MCX member and hence allows consumers to trade in commodities. You may place orders on goods such as gold, silver, grains, precious metals, and others by using the SAS Online Commodity Trading account.
SAS Online Mutual Fund Account:
With regard to the significant increase in mutual funds investing, the broker makes investments in mutual funds easier for its clients. SAS Online offers a free mutual fund account that allows users to invest in regular plans via SIP or the lump-sum method. SAS MF is a mutual fund mobile application that allows individuals to invest in mutual funds via their mobile phones at any time and from everywhere.
SAS Online Trading Software ( SAS Online Trading Platforms):
SAS Online provides a range of trading systems as well, including a trading terminal, mobile trading app, and web trading platform, as well as other cheapest brokers. Clients can trade in a variety of sectors using any of these platforms, which are detailed below:
SAS Online ALPHA Trader:
ALPHA Trader is a trading terminal for SAS Online downloadable from the PC. Active traders with enriched functions like BSE, NSE, and MCX trading, advancing charts, trade-in chart items, Priceline, scanners, hassle-free funds transfers, and others have a specialized trading platform.
SAS Online ALPHA Mobile:
As the name suggests, ALPHA Mobile is SAS Online’s mobile app. The Mobile App and Business Equities, Derivatives, commodities, and currency may be used by Androids, iOS, and Windows users anytime anywhere. A range of distinctive features, including live market data, technical charts, watch lists, sophisticated screeners, and many more, comes with the SAS Online smartphone device.
SAS Online ALPHA Web:
ALPHA Web is SAS Online’s web-based trading platform. Customers can browse the online trading platform for numerous financial offers on their laptops or desktops. ALPHA web offers a variety of services, such as trade data in real-time, 100+ analytical indicators, 10+ analytical charts, scanners, market alerts, etc.
SAS online Mutual funds:
SAS MF is the investing application for mutual funds which allows individuals to invest in regular SIP or work engagement schemes. Users of the mobile app may access various services, such as the SIP calculator or fixed deposit calculation, MF portfolio checks, notifications, e-lockers, equity access reports, debt market perspectives, and many more.
SAS Online Products & Services:
Products:
SAS Online offers several products and services:
| Equity Trading | Yes |
| Currency Trading | Yes |
| Options | Yes |
| Futures | Yes |
| Mutual Funds | Yes |
| Forex | No |
| Banking | No |
| SIP | Yes |
| Insurance | Yes |
SAS Online invests in equity, currency trading, optional transactions, future transactions, mutual funds, SIP trading, and insurance.
Services:
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Account | No |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | Yes |
| Robo Advisory | No |
| PMS | Yes |
| Trading Institution | No |
SAS Online is famous for its excellent customer service. The services offered by the firm include Demat services, trading services, intraday services, and IPO services.
The firm gives traders stock suggestions for additional advantages and increases the trading exposure to 2X.
SAS Online Customer Ratings & Review 2024:
| Criteria | Ratings |
|---|---|
| Product & Services | 9.04 / 10 |
| Research & Advisory | 9.0 / 10 |
| Trading Platform | 8.0 / 10 |
| Brokerage Charges & Fees | 8.1 / 10 |
| Broking Experience | 8.6/ 10 |
| Overall Rating | 9.15/10 |
| Customer Rating | ★★★★ |
SAS Online Complaint:
The number of complaints received from SAS customers on the web. The report on SAS Online consumer complaints helps us assess the quality and reliability of the services provided by South Asian Stocks Ltd.
| Exchange | Financial Year | Number of Clients | Complaints | % |
|---|---|---|---|---|
| NSE | 2021-22 | 19,076 | 2 | 0.01% |
| NSE | 2020-21 | 17,878 | 14 | 0.08% |
| NSE | 2019-20 | 13,027 | 5 | 0.04% |
| NSE | 2018-19 | 12,445 | 11 | 0.09% |
| NSE | 2017-18 | 11,869 | 6 | 0.05% |
| NSE | 2016-17 | 9,384 | 5 | 0.05% |
Conclusion:
The thorough analysis shows that SAS Online is one of India’s most competing and lowest discount brokers, offering monthly and flat brokerage models. In addition, the brokerage gives consumers in trade, derivatives, goods, and currency all sorts of trading platforms.
However, it serves only Indian customers without being able to service NRI customers. People can open a 2-in-1 account, comprising a Demat and a broker’s trading account for low-cost investing.
