SAS Online Review 2024: Fees, Pros & Cons, and More

SAS Online is discount stock broker of India with probably lowest brokerage charges. It was established in year 2013 and based out of New Delhi.

In this SAS Online review, we will explain you about company background, brokerage , account opening and AMC charges, trading platform offered by them and also their pros and cons.

About SAS Online

In 2013, Shrey Jain, an experienced trader, established SAS Online, a prominent discount brokerage services in India that operates online.

The company presents an extensive range of brokerage services that include equity, derivatives, and currency segments. SAS Online has a large workforce of more than 200 staff members in New Delhi, India, to assist its clients.

The Security and Exchange Board of India (SEBI) has authorized SAS Online as a registered brokerage service provider, enabling the platform to operate under SEBI’s close monitoring.

SAS Online is affiliated with various stock exchanges in India, which consist of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), and National Commodity and Derivatives Exchange (NCDEX).

Additionally, SAS Online is a depository participant of Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL).

SAS Online has recently achieved multiple accolades and awards that have solidified its reputation as a leading brokerage platform. SAS Online won the “Best Discount Broker” award at the distinguished Outlook Money Awards ceremony in 2020. Notably, SAS Online was also acknowledged by CNBC-TV18 as the “Most Promising Discount Broker” in 2019.

Presently, SAS Online has gained a considerable number of traders and investors in India who are interested in transparent and best demat account services, with over 70,000 clients using the platform. SAS Online continues to operate at a steady pace, processing more than 1 million trades every day.

SAS Online Brokerage Charges

SAS Online has both flat brokerage plan and also monthly unlimited plans. For Flat brokerage plan, a fixed commission of Rs9 per executed order is charged irrespective of traded value.

In monthly unlimited plan, one can trade for unlimited times for a fixed amount. It should be noted that, the plan amount is separately charged for each segments.

SAS Online Account Opening and AMC Charges

• SAS online Demat Account Opening Charges : Rs 200
• SAS Online AMC Charges : Rs 200/year

SAS Online Trading Platforms

SAS Online caters to traders from diverse backgrounds with an assortment of trading platforms that offer cutting-edge features. Here’s a glimpse of what they offer:

Alpha Trader:

SAS Online’s flagship trading platform, Alpha Trader, can be accessed via desktop and web. It provides traders with a plethora of advanced trading features such as customizable hotkeys, multiple market watch, and advanced charting tools that will leave you amazed.

Alpha Trader also boasts lightning-fast trade execution speeds and supports trading in multiple segments such as equity, derivatives, and currency.

Alpha Mobile:

SAS Mobile: SAS Online’s mobile trading app, SAS Mobile, is available on both Android and iOS devices. The app empowers traders to place trades, track their portfolios, and access real-time market data while on the go.

It also offers features such as customizable watchlists and alerts that are simply astonishing.

NEST :

SAS Online offers NEST, a third-party trading platform that is known for its rock-solid reliability and lightning-fast speed. NEST comes packed with an array of advanced features such as customizable trading screens, advanced charting tools, and real-time market data.

Other Useful Resources:

SAS Online also provides a diverse range of trading tools and resources.

1. Research reports: SAS Online offers daily research reports on market trends and stock recommendations. These reports are prepared by a team of seasoned analysts and are available to all clients.
2. Trading education resources: SAS Online offers a wide range of trading education resources such as webinars, tutorials, and trading courses. These resources are designed to help traders improve their knowledge and skills in trading.
3. Market data: SAS Online provides real-time market data for equity, derivatives, and currency segments. The platform also offers historical data and data analysis tools that can help traders make well-informed trading decisions.

Pros and Cons of using SAS Online

Advantages:

1. Low brokerage charges: The brokerage fees charged by SAS Online are incredibly low, making it an excellent choice for traders who want to reduce their trading costs.
2. Advanced trading platforms: SAS Online’s trading platforms are exceptional, offering advanced tools and lightning-fast trade execution speeds. Noteworthy platforms include Alpha Trader and NEST.
3. Research and trading education resources: SAS Online provides clients with an extensive range of research reports and trading education resources, which can assist traders in making well-informed trading decisions.
4. Multiple account types: SAS Online caters to traders’ diverse needs by offering various account types, including a flat fee account, a per-trade account, and a margin trading account.
5. Strong regulatory compliance: SAS Online complies with strong regulatory standards by being registered with SEBI and being a member of multiple exchanges.

Disadvantages:

However, SAS Online also has some drawbacks:

1. Limited customer support: Traders who require immediate assistance may find SAS Online’s customer support service, which is only accessible through email and chat, to be restrictive.
2. Limited physical presence: SAS Online has a limited physical presence, which could be a disadvantage for traders who prefer face-to-face interactions.
3. Limited product offerings: SAS Online’s product range is restricted to equity, derivatives, and currency segments. Therefore, traders interested in trading other asset classes such as commodities or bonds may not find this attractive.
4. No 3-in-1 account: SAS Online does not offer a 3-in-1 account, which may not be the best choice for traders who prefer the convenience of linking their trading account with their savings account and demat account.

SAS Online Contact Details :

• Email: support@sasonline.in
• Registered Office Address: SAS Online Trading Pvt Ltd, 101, 1st Floor, Vikrant Tower, Rajendra Place, New Delhi – 110008
• Corporate Office Address: SAS Online Trading Pvt Ltd, B-504, Mangalya Building, Marol Maroshi Road, Andheri (E), Mumbai – 400059
• Phone: +91-22-6260-6000 (Monday to Friday, 9:00 AM to 6:00 PM)

SAS Online User Reviews and Customer Ratings

SAS Online Review – Final Thoughts

SAS Online, undeniably a popular discount broker in India, boasts of its remarkably low brokerage charges and highly sophisticated trading platforms, which have earned them a highly commendable reputation.

With lightning-fast and highly reliable trade execution, as well as an array of trading tools and resources at their clients’ disposal, SAS Online has become the go-to broker for most traders.

The affordable brokerage fees offered by SAS Online have made it the preferred choice for budget-conscious traders and investors alike. Furthermore, with its advanced trading platforms, research, and educational resources, SAS Online has solidified its position as an excellent option for both novice and seasoned traders who seek nothing but the best.

However, some traders may find SAS Online’s limited customer support and physical presence, along with its restricted product offerings and absence of direct market access and 3-in-1 account, rather unsuitable for their requirements.

Overall, SAS Online remains a top pick for traders and investors who prioritize low brokerage charges and advanced trading platforms, without requiring extensive customer support or a wide range of product offerings.

If you already have account with them please provide your review about SAS Online through the comments below.

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