SAS Online (None)

Discount Broker Depository: CDSL

SAS Online, an online discount brokerage firm, was founded in 1995. It offers brokerage services for stocks and future options as well as commodities on NSE, BSE, and MCX exchanges. SAS Online began offering discount brokerage services in 2013 and has been available since. They have more than 30000 clients in India, spread over 750+ cities. Their daily turnover is Rs 10,000+ Cr. This contributes to more than 1% of India's total market turnover. They also receive an average of 1 lakh + orders per day. Brokerage services are available to clients through a single centralized office in Delhi, just like most discount brokers. This is possible by using technology to save on real estate, human resources, and other operational costs. Clients are then able to take advantage of deep discount brokerage plans. There are no account minimums and hidden fees, which results in lower trading costs and hassle-free trading.

SAS Online Products

The segments that you can invest in are equity, commodity, currency, futures, and options.
  • Equity
  • Commodity
  • Currency
  • Futures
  • Options

SAS Online Trading Softwares

A collection of software and applications that the broker offers to help you execute online buy/sell orders. These are the names of their portals and mobile apps.
  • ALPHA Trader
  • ALPHA Web
  • ALPHA Mobile

SAS Online Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

SAS Online Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, IPO platform, Bonds & Debt, Exchange Traded Funds, etc.
  • Mutual Funds
  • IPO Platforms
  • Bonds & Debt
  • Exchange Traded Funds
  • Insurance

SAS Online Additional Features

Extra features are provided by the broker at little or no extra cost. Like SMS Alerts, Margin Funding, Margin Against Share, etc.
  • 3 in 1 Account
  • Free Recommendations
  • Free Research Reports
  • SMS Alerts
  • Margin Funding
  • Margin Against Share

SAS Online Pros

These are the benefits of SAS Online.

Margin is available for shares.
Margin funding can be obtained through Equity Plus.
Trading at NSE, BSE, and MCX is possible with monthly unlimited trading plans
Trading Software is available free of charge, including a website, mobile app, and install-able terminals.
No minimum brokerage.
SASOnline Referral Program allows customers to refer friends to earn 20% of the brokerage fees.
The trading application (ALPHA web) is available for Linux and Mac OS X. It has been renamed Omnesys NEST trading platform.

SAS Online Cons

These are the cons to SAS Online.

SAS Online does not offer a 3-in-1 account because it doesn't offer any banking services.
SAS Online does not offer the ability to invest in IPOs, FPOs, Mutual Funds or FDs.
Call and Trade are available for an additional Rs 20 per executed order.
Equity Segment does not offer Good Till Cancelled (GTC), or Good Till Date/Time(GTD).
SAS Back-office does not integrate with the trading portal/terminal for real-time data. Most data are updated overnight.

Our Conclusion

The company was founded with the goal of breaking new ground in terms of cost, support and technology. The company offers services on stocks, futures, and options on NSE, BSE, and MCX.

The platform is intuitive, robust, and lightweight.

 

Compare SAS Online with Best Brokers in India