SAS ONLINE

3.5 Overall

SAS Online is one of the recent stock brokers in the Indian Discount broking landscape and delivers ultra-competitive brokerage for Indian traders and an easy-to-use platform. They are, by far the cheapest share broker.

Brokerage Charges4.5
Platforms & Tools 2.0
Customer Service 2.5
Cons
  • IPOs & Mutual Funds Investments are not possible
  • Below Average Trading Platform
  • No support for NRI trading

SAS Online Overview

Incorporated in 1995, SAS Online Brokerage (South Asian Stocks Ltd) jumped into the Discount Broking bandwagon in April 2015 and doing fairly well. SAS Online offers brokerage service for stocks, futures and options on NSE, BSE and MCX exchangess. 

As of today, SAS online does a turnover of 7000+ Crore and claims to have 10,000 clients. Since the major operations are done online, without any offline support -partners or franchises, SAS Online like discount brokers offers trading at low brokerage rates. 

SAS Online Brokerage Charges

There are different plans that SAS Online offers including fixed brokerage plan and  monthly subscription plans as shown below:

  1. Rs 9 per trade Plan

    This SAS Online trading plan offers trading at flat Rs 9 per trade irrespective to the size of the trade. The brokerage is charged as 'Rs 9 per executed order or 0.01% whichever is lower'. Trading is available at BSE, NSE and MCX stock exchanges in equity, commodities and currency derivative segments.

  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

    This SASOnline plan offers unlimited trading in equity segment 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

    This plan offers unlimited trading in currency derivatives segment at NSE for flat Rs 499 per month.

SAS Online Other Charges

  • Call and Trade feature is available at an extra cost of 20 Rs per call + Service Tax.
  • Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of 9 Rs per contract + Courier charges +CDSL charges
  • Money withdrawals charges applies as per RBI guidelines.
  • Instant payment gateway charges - Rs 9 per fund transfer.
  • Standard NSE charges, transaction charges and statutory levies are charged.

Account Opening Charges:

  • Trading Account Opening Charges (One Time): 200 Rs
  • Demat account Opening Charges (One Time): 200 Rs
  • Demat Account Annual Maintenance Charges (AMC): Rs 200 + service tax
  • Commodity Account Opening Charges (One Time): 200 Rs

Request a Courier - You can request SAS Online to courier you account opening forms by sending an email to sales@sasonline.in mentioning your address and contact details and  they will courier the form to you. Courier charges of Rs. 100 + account opening charges will be levied.

SAS Online Platforms & Tools

SAS Online provides terminal based, web based and mobile app based trading platforms to its users.

Here are the details:

SAS NEST Trader:This is the terminal based platform that can be downloaded and installed on your computer for trade across NSE , BSE and MCX from a single window.It allows fast execution of orders with real time monitoring.It is also available in mobile version.

SAS Online Mobile Trader: SAS Online supports mobile based trading by allowing you to download their trading app called 'SAS Mobile'.It is a highly secured smart phone application for Android,I-phone and Windows for real time feed and to track orders and positions on the go.

SAS Web HTML 5 :This is the light and adaptable web based platform which works on any web browser,no need to install or download anything.The web address for this is www.trade.sasonline.in

SAS Online Education & Research

SAS Online don't give stock tips or research report regarding buying and selling of stocks nor help traders & investors to booste knowledge about financial market by provding offline or online educational blogs in order to succeed.

SAS Online Customer Service

SAS Online offers the following communication for its clients to get in touch with them:

  • Email – support@sasonline.in
  • Phone – (011)4040 9999
  • Web Chat

As of now SAS Online is doing a resonable job when it comes to customer service with multiple ways for the client to reach back to the stock broker. However the turnaround time for fixing the problen can be improved.

SAS Online Closing Thoughts

SAS Online is aroung the good one within discount broking space. But at the same time, it seems that they are more or less part of the herd that was created with the waves of discount broking in India. Setting up a sales team, offering low brokerge with the help of outsourced trading platform shows high business opportunity but less responsbility towards clients.

SAS Online is relying primarily on low brokerage and decent exposure but that is not a long term survival strategy.


Background
Year of Incorporation 1995 as South Asian Stocks
Website http://www.sasonline.in
Demat NSDL - own demat
Exchange Enabled NSE BSE & MCX
Platforms
Software
Html5
Android Apps
IOS Apps
Charting
Intraday 5 Days on NOW
End of Day 10 Years on NOW
Indicators
Coding
Brokerage
Equity Delivery Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
Equity Intraday Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
Equity Futures Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
Equity Options Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
Currency Futures Choose from Unlimited for Rs 499/Month or Rs 9/Executed order
Currency Options Choose from Unlimited for Rs 499/Month or Rs 9/Executed order
Commodities Choose from Unlimited for Rs 999/Month or Rs 9/Executed order
Margins
Equity Intraday Upto 20 times
Equity Delivery No leverage
Equity Options Buying 0 & Shorting upto 2 times
Equity Futures Upto 5 times above Span
Currency Futures Upto 2 times for Intraday
Currency Options Buying 0 & Shorting upto 2 times
Commodities Upto 5 times on Span
Turnover & Other Costs
Equity 0.0035% of Turnover
Equity Futures 0.0025% of Turnover
Equity Options 0.065% of Premium Turnover
AMC Charges Rs 200
DP Charges Rs 15/Debit Transaction
Commodities Rs 310 per Cr.
Broker Assisted trades Rs 20/ Executed Order
Active Clients
Active Clients 2016 4,091
Active Clients 2015 5,617
Active Clients 2014 8,812
Reporting
Online Trade Reports
Online PNL Reports
Online Contract Notes
Tax Ready
Accounting Opening Costs
Trading Only Rs 200
Trading Demat Rs 400
Commodity Rs 200
Support & Tools
Research & Tips
Brokerage Calculator
Margin Calculator
Brakets Orders
Training & Education