Last updated on January 28th, 2017
“SAS Online Review“
Incorporated in 1995, SAS Online Brokerage (South Asian Stocks Ltd) jumped into the Discount Broking bandwagon recently and doing fairly well. SAS Online offers brokerage services for stocks, future and options on NSE, BSE and MCX exchanges. Let us understand all the features offered by SAS Online through this review.
SAS Online Zero Account Opening Fee Offer:
SAS Online is waiving off the Rs200/- account opening fee as part of limited period promotional offer. Click on the offer banner above and fill in the contact information. SASOnline representatives will assist you in opening the free trading account.
SAS Online Brokerage Structure
Four difference brokerage schemes are offered by SAS Online:
1) Rs 9 per trade Plan
Rs 9 per trade Plan offers trading at flat Rs 9 per trade irrespective to the size of the trade. you will pay ‘Rs 9 per executed order or 0.01% whichever is lower.
2) Rs 999 MCX Plan
This trading plan offers unlimited monthly trading in commodities at MCX stock exchange for flat Rs 999 per month.
3) Rs 999 Equity Plan
You can avail unlimited trading in equity segment (Cash and F&O) for flat Rs 999 per month. Trading under this plan is available at BSE Cash, NSE Cash and NSE F&O segment.
4) Rs 499 Currency Plan
If you are dealing in currency segment, this scheme is best suited for you . This plan offers unlimited trading in currency derivatives segment at NSE for flat Rs 499 per month.
Checkout our handy SAS Online brokerage chart for your quick reference (Click on the image to Enlarge)
SAS Online Trading Platforms
1) SAS NEST Trader
SAS Online offers NEST platform for their clients free of cost. NEST is well known for its ease of use, its extensive feature set, it’s very low latency order flow mechanism, complete tick by tick market data, multi market access from a single front end, comprehensive and sophisticated risk management. It is one of the fastest, most reliable and user-friendly platforms available in the country today.
2) SAS Mobile Trader
This one is the mobile platform offered by SAS Online. One can trade across Equities, Future & Options, Currency & Commodity in NSE, BSE & MCX. Access the various intraday charts, check you holdings and manage the passwords through this platform itself.
SAS Online Fund transfer
Pay in: Funds can be transferred only from your bank accounts which are mapped in SAS online backoffice. You can transfer funds into your Trading Account via the following methods.
1. Payment Gateway – Funding your trading account through the Payment Gateway is one of the quickest methods to transfer funds from any linked bank account directly into your trading account. But mind you will costs you Rs. 9 per transfer.
2. NEFT/RTGS – Funds can be transferred electronically to your trading account from any linked bank via NEFT/RTGS. Funds transferred from a HDFC bank account will result in instant credit. Funds transferred from any other bank will usually take 3-4 hours through RTGS/NEFT
3. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. You are required to send a Scanned copy of the cheque to SAS online for the funds to reflect in your account
Pay out: A payout can be requested through SAS Online back office. Your withdrawal request will be processed by RTGS/NEFT transfer at the end of the same trading day.
SASOnline in comparison with other Stock Brokers:
Check out how SASOnline equates with other brokers
SASOnline Comparision Matrix
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For comparison of SASOnline with more brokers, Visit our Side By Side Comparison of Stock Brokers page
Is SAS Online Right for “YOU”?
SAS Online is not for you if you are interested in dealing with mutual funds, IPO and FDs. Like any other discount brokers SAS Online does not offer service in these segments. SAS Online does not offer 3-in-1 account, so you need keep in mind that, everytime you should transfer the funds to SAS Online account before start trading, not a big disadvantage though.
SAS Online is perfect for you if you are do lot of trading and hence don’t want to go with someone who offers “pay as you trade” type of plans. Their Rs999 and Rs499 plans will be best suited for you. But in case you are an swing trader/investor doing limited trades but the turnover is very high hence do not wish to go for full service brokers, SASOnline’s Rs9 per trade plan will be good for you
If you still have any queries, please fill your details in the form below, a dedicated representative from SASOnline will guide you about account opening procedure in detail and clear all
SASOnline Registration and Contact Information:
SASOnline SEBI Registration: NSE SEBI Registration No.:INB230907337 | INF230907337 | INE230907337 | BSE SEBI Registration No. : INB010907336 / INF01090733 | NSDL: IN-DP-NSDL-3742014 SASS Online Commodities Pvt Ltd. : MCX Member Code : 55215 , FMC Unique Membership Code (UMC) No.: MCX/TM/CORP/2055
SASOnline Contact Details : Registered Address: 3rd Floor, Building No.5, Local Shopping Complex, Rishabh Vihar, Near Karkarduma Metro Station. East Delhi - 110092 Contact Number : 011- 4040 9 999 Support (email): [email protected] SasOnline Complaints or Grievances : [email protected]
Also Read: Top 10 Stock Brokers of Indian Share Markets
That’s about the review of the SAS online and its brokerage charges. If you already have account with them, let us know your experience and ratings/critics through the comments