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SAS Online is an excellent platform for trading in Indian markets. I have been using their services for a while now, and I am thoroughly impressed with their user-friendly trading platform and competitive pricing. Their brokerage charges are among the lowest in the industry, which makes it affordable for retail investors.
SAS Online has emerged as a significant player in the Indian discount brokerage space, offering competitive pricing and a range of trading services. However, user experiences are mixed, with some praising its low fees and trading platforms, while others express concerns about customer service and the reliability of its technology. This review synthesizes various insights to provide a comprehensive overview of SAS Online.
Note: It's important to recognize that the regulatory environment can vary significantly across different regions, which may impact the services offered by brokers like SAS Online. This review aims to provide a fair and accurate assessment based on available data.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 6.0 |
| Customer Service and Support | 5.5 |
| Trading Experience | 6.5 |
| Trustworthiness | 7.0 |
| User Experience | 6.0 |
| Additional Features | 6.5 |
We rate brokers based on user feedback, expert opinions, and factual data regarding their services and offerings.
Founded in 2013, SAS Online is a discount brokerage firm based in New Delhi, India. It operates under the umbrella of South Asian Stocks Limited and has quickly gained traction in the competitive Indian market. SAS Online primarily provides brokerage services for stocks, futures, options, currencies, and commodities across major exchanges such as NSE, BSE, and MCX. The firm is known for its user-friendly trading platforms, including Alpha Web and Alpha Mobile, which cater to both desktop and mobile users.
SAS Online is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX). This regulatory status provides a level of trust and security for traders, ensuring that the brokerage adheres to industry standards.
SAS Online supports transactions in Indian Rupees (INR) and does not require a minimum deposit to open a trading account. This flexibility makes it accessible for new traders looking to enter the market without a significant financial commitment.
SAS Online offers a variety of promotional plans, including a flat fee of ₹9 per trade or unlimited trading for a monthly fee of ₹999. There is also a special plan at ₹1999, which allows for 199 trades per day, after which a fee of ₹0.99 per trade applies. This pricing structure is appealing for frequent traders but may lead to higher costs for those unaware of additional fees associated with specific order types.
Traders at SAS Online can access a diverse range of asset classes, including:
SAS Online's commission structure is straightforward, charging ₹9 per executed order across all segments, with certain conditions for equity delivery and intraday trades. While the low commission is a major selling point, users have raised concerns about hidden charges, particularly regarding margin trading and additional fees for specific order types.
SAS Online offers competitive leverage options, allowing up to 5x for intraday equity trading and 1.3x for futures and options. The lack of additional margin for carry forward positions may be a drawback for some traders seeking higher leverage.
SAS Online provides several trading platforms, including:
SAS Online currently does not offer services to Non-Resident Indians (NRIs) and lacks support for certain investment products like mutual funds. This limitation may deter some potential clients looking for a comprehensive brokerage service.
SAS Online provides customer support primarily in English and Hindi, catering to a broad audience within India. However, the lack of 24/7 support and limited offline contact options have been noted as areas for improvement.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 6.0 |
| Customer Service and Support | 5.5 |
| Trading Experience | 6.5 |
| Trustworthiness | 7.0 |
| User Experience | 6.0 |
| Additional Features | 6.5 |
Account Conditions (7.5/10): SAS Online's account opening process is straightforward, with no minimum deposit required, making it accessible for new traders.
Tools and Resources (6.0/10): While the trading platforms are functional, users have noted that the research tools and resources could be significantly improved.
Customer Service and Support (5.5/10): Customer feedback indicates that while the support is generally responsive, there are issues with the quality and availability of service, especially during peak trading hours.
Trading Experience (6.5/10): The trading experience is generally smooth, but users have reported occasional downtimes and technical glitches during high volatility periods.
Trustworthiness (7.0/10): As a SEBI-registered entity, SAS Online has a level of credibility and security, though concerns about hidden fees and service limitations remain.
User Experience (6.0/10): Overall user experience is mixed; while many appreciate the low fees, others have expressed frustration with the usability of the trading platforms.
Additional Features (6.5/10): The referral program and the ability to trade across multiple segments are positives, but the lack of comprehensive research tools is a significant drawback.
In conclusion, SAS Online presents a compelling option for cost-conscious traders seeking a discount brokerage. However, potential users should weigh the pros and cons, especially regarding customer service and platform reliability, before committing to this broker.
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