SAS online (South Asian Stock Limited) started its discount brokerage service in the year 2013 with a team of 3 people. But by April 2018 it has more than 20,000 clients across 750 plus cities in India. It offers the cheapest brokerage service charges like Rs.9 per trade. The daily average turnover of SAS is around Rs.7000crore contributing to over 1% of the total Indian market turnover. On an average, it processes over 60000 orders on daily basis. SAS provides monthly unlimited trading plans for trade at NSE, BSE, and MCX. It has a single centralized office in New Delhi.
SAS offers 4 different types of plans to meet the customers trading requirements.
- Rs.9 per trade plan, irrespective of the size of the trade executed it charges only Rs.9 in other words 0.01%. In this, no account minimums and you can enjoy up to 20X leverage in equity cash.
- Rs.999 MCX plan provides an unlimited monthly trading package in commodities at the MCX stock exchange. There are no hidden charges for this and you can enjoy up to 5X leverage on NFO & MCX.
- Rs.999 equity plan offers an unlimited trading package across the entire equity segment and the trading is available at BSE Cash, NSE Cash, and NSE F&O segment. There are no minimum deposits and software charges.
- Rs.499 currency plan offers an unlimited package of trading across the entire currency derivatives segment.
SAS Online provides a fast and intuitive trading platform called “Alpha”. Alpha traders have the best features like connectivity, advanced charting, and market scanners. For technical analysis, there are almost 10 types of charts and 80 plus technical indicators. You can trade across NSE, BSE, and MCX from a single window and test your ideas with real market data. Alpha Web is an adaptable web-based platform that provides real-time market feed. Live market screeners are available to find hot stocks. Alpha mobile app is a light and fast trading platform. This app syncs to your online account and allows you to analyze charts, monitor quotes, and check your position. You will get instant notifications and price alerts.
SAS Online Demat Account
You can open an account with SAS Online through both online and offline. First, you have to download the account opening form to begin trading in NSE, BSE, and MCX. Fill out the form and sign at required areas and courier it to the office in Delhi by attaching the required copies of proofs. To open an online demat account the charge is Rs.200 and it has to be paid initially. You have to fill the online application form, upload required scanned documents like Aadhar card, PAN card etc., and submit it to the authorities.