SAS Online Review, Brokerage Charges, Demat A/C, Platforms & More

By TBS Team | January 9, 2024

Here, SAS stands for South Asia Stocks Limited. It is counted the most newly launched discount brokers in India. You will be surprised after knowing that within the six months of its launch, SAS Online acquired its first 1000 clients. The discount broking firm was incorporated in the year 2013. It was the idea of a young entrepreneur Shrey Jain who launched SAS Online. Check this SAS Online Review to more about it.

sas online
At presents the discount broker firm offers brokerage services for stocks, future and options, currency and commodities across all segments including NSE, BSE and MCX. On an average, the firm processes over 1 lac orders on a regular basis.

The firm is headquartered in Delhi and offers technology-led services to its clients across various Indian cities. There are no account minimums, hidden costs, which lead to lower costs and smoother trading.

SAS Online has a daily turnover of over Rs 10,000 crore, which accounts for almost more than 1% of total market. The client base of the discount broker is 30,000+ customers who are located across 750+ cities in India.

Pros of choosing SAS Online

  • Superb leverage equity and option to discover all the markets and the SAS online demo
  • Zero account opening fee and unlimited trading plans with INR 999/
  • Automated trading system
  • INR 9 trade plan offers the SAS online available at BSE, NSE and MCX stock exchange in equity
  • The SAS online subscription form is available online, you can fill up the form to avail the service with us

Since most of the processes are based on internet, SAS Online has no offline support through partners or franchises. The discount broker offers trading services at very low brokerage rates.

SAS customers can choose to trade using its trading platform ALPHA. It is developed by Tradelab. Most of the leading brokers in India prefer using the Tradelab trading platform. The platform is available in desktop, web and mobile version. It offers great trading features for quick and reliable trading.

SAS Online allows trading in the below segments:

  • Online Trading
    • Equity Trading at BSE, NSE
    • Commodities Trading at MCX
    • Currency Trading at NSE
  • Depository Services (Demat Account)

The broker has won the NSDL Best Performer Award 2015 – Rising DP. One can choose to trade by opening a commodity account with the broker at just Rs. 200.

In the field of discount broking, SAS Online offers the lowest trading plan in India. It provides unlimited plans of trade monthly in BSE, NSE, and MCX. It has three various brokerage plans monthly. It ensures that no payment is made when traders don’t trade for a month.

Account Types – SAS Trading Plans

Primarily, SAS Online has four trading plans for its investors.

  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.

  1. Rs 999 MCX Plan

This trading plan offers unlimited monthly trading in commodities at MCX stock exchange at a flat rate of Rs 999 per month.

  1. Rs 999 Equity Plan

This SAS Online 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.

  1. Rs 499 Currency Plan

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

Process to Open an account at SAS Online

There are two easy ways to open an account with SAS Online.

Note: The online paperless instant account opening is not available with SAS Online. One will need to fill the paper forms to open an account with them.

  1. Download a PDF Account Opening Form

To open an account:

      • Download Account Opening Forms from the website under Downloads >> Account Opening option.
      • Print it, fill in the required details and sign the form on predefined places.
      • Send the signed forms and documents to address given in the form.
  1. Request an Account Opening Form

You can also request for an account opening form from SAS Online via phone/email. The broker sends the printed form to you. You have to pay Rs. 100 as charges for the courier services.

Once you get the form, fill it as required, sign at the marked places, attach necessary documents and send it to the company via courier.

The account opening takes up to 24 hours after they receive of the form. In case of any discrepancy or missing documents, intimation is sent over call/email.

You will get confirmation, once your account is activated, via email and SMS. You will also receive a Welcome call providing all the details about your account.

After the filled form is received, all documents will be checked and processed. In case of any discrepancy or missing documents, intimation will be sent to you over call/email. Once the documentation is finished, you will be allowed to trade from the next day.

If you come across any delay in your account opening, you can contact the customer support via phone/email.

Documents Required

  • Copy of PAN Card
  • Copy of Aadhaar Card
  • Copy of Address Proof (Aadhaar Card/ Voter ID, Passport / Driving License / Bank Statement / Landline Bill / Electricity Bill / Gas Bill).
  • Passport size photographs
  • Canceled cheque with printed name / Latest Bank Statement/ Bank Passbook first & latest transaction page)
  • Income Proof (If you want to trade derivatives)- Latest Pay slip/Form 16 / IT Returns/ 6 month Bank statement/ Copy of Demat Holding with any other Broker (if any)
  • A cheque for account opening charges

SAS Online Trading Platforms

SAS Online is one of the best discount brokers in India that rely heavily on technology to offer seamless stock trading to traders and investors. The discount broker offers trading platforms for desktop, browser and mobile applications.

Let’s look at SAS Online’s trading platforms.


Alpha Trader is a desktop-based trading application that needs to be downloaded and installed on a computer. It has a mobile application too. Its salient features are:

  • Customized interface – Every element can be completely customized as per user’s preferences such as edit headers, functions and colors etc.
  • Watch market trends and carry out your own analysis with next-gen charting features
  • Presence of over 80 indicators that can be used in the application and over 10 chart types for detailed analysis of stock market


Alpha web is a cloud-based application that can be used on any web browser. Whether you’ve a laptop or desktop, you can use it without the need of downloading.

Its features:

  • Easy compatibility with multiple browsers
  • Real-time quotes and seamless trading
  • Lightweight application and no need for high configuration device
  • Over 100 technical indicators and 10 chart types

Due to its responsive nature and lightweights, the web-based browser application is quite popular among traders and investors. However, there are many areas on the application that can be improved considerably.

ALPHA Mobile App

SAS Online Mobile App is available for devices running on Android, iOS. There is amazing trading facility available for mobile users too. For example, detailed market information, real time quotes can be easily accessed on the mobile application. The mobile app comes with several features like:

  • Trade across equities, Futures & Options, and Commodity across BSE, NSE and MCX
  • Access to different intraday charts for sound decision making
  • Inspect & manage holdings from SAS Mobile Trader
  • Position square off options
  • Hourly statistics and heat maps for rapid technical analysis and decision making

Some of its other features are:

  • 0 downtime with tick by tick market stats
  • Transfer funds through payment gateway and receive an instant limit update via Pay-in feature
  • Get trade confirmations via SMS on subscribed mobile numbers

However, there are various concerns related to the app.

  • The user experience provided by the app, particularly in terms of order placement, charting etc.
  • Repeated log-outs without any intimation
  • Speed lags more often

SAS Online Customer Care

SAS Online offers customer service through various channels including

  • Phone
  • Web Chat
  • Email
  • Social Media

The availability of online contact modes makes it easier for people to get customer support of SAS Online but there is no offline support. And the overall quality of customer care is above average as clients have responded in an affirmative manner in regard to the same.

SAS Online Brokerage Charges & Fees

One important point to keep in mind while trading at SAS Online is to make sure you are well aware of all the application charges. Get them documented so as to avoid any confusions at a later stage.


SAS Online Charges EQUITY Delivery EQUITY Intraday
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0 Rs 0
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower 0.01% or Rs 9/Trade whichever is lower
Transaction / Turnover Charges Rs 325/crore Rs 325/crore
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 15 Rs/Crore 15 Rs/Crore
STT 0.1% on both Buy and Sell 0.025% on the Sell Side


SAS Online Charges Futures Options
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0 Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower Rs 9/trade
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges Rs 250/crore Rs 6500/crore on premium turnover
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 15 Rs/Crore 15 Rs/Crore
Stamp Charges



SAS Online Charges Currency Futures Currency Options
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0 Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower Rs 9/trade
Transaction / Turnover Charges Rs 165/crore Rs 6000/crore on premium turnover
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges 15 Rs/Crore 15 Rs/Crore
Stamp Charges


SAS Online Charges Commodity Futures
Brokerage (Rs 999 MCX Plan / Rs 999 Equity Plan / Rs 499 Currency Plan) Rs 0
Brokerage (Rs 9 per trade Plan) 0.1% or Rs 9/Trade whichever is lower
CTT 0.01% on Sell Side (Non-Agri)
Transaction / Turnover Charges Rs 310/crore
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge)
SEBI Charges 15 Rs/Crore
Stamp Charges Rs 100/Crore


SAS Online Demat Account Charges

ID Transaction Demat Charges
1 Demat Account opening charges Rs 200
2 Annual Maintenance charges (AMC) For Individual- Rs 200
For Non-Individual- Rs 500
3 Transaction charges (Debit) Rs 9 per debit instruction + depository charges at actual
4 Pledge Creation Charges Rs50 per transaction
5 Pledge Creation confirmation Nil
6 Pledge Closure / Closure confirmation Nil
7 Pledge Invocation Rs 50 per Transaction
8 Dematerialization Charges Rs 2 per certificate + courier charges of Rs 35 per demat request for every 500 grams
9 Rematerialization Charges Rs 25 per certificate or 0.05% of the value whichever is higher + Depository charges at actuals
10 SLB Charges Rs 25 for Security Lending & Borrowing + Depository charges separately
11 Failed or Rejected Transactions Rs 30 per transaction
12 Demat Rejection Charges Rs 35 per rejection for every 500 grams


SAS Online Margins

SAS Online gives the below given marginal value to the investors on the traded segment.

Trading Education

In order to educate its traders and investors about the basics of stock trading, SAS Online has a dedicated knowledge base available on its website. Anyone can come and access the educational material available there for use. The given information is presented in a simpler way and makes it easier for both a beginner as well as an expert to access.

Referral Program

Among the several reasons to trade with SAS Online, the one that is at the top is its unique referral scheme. Users can share their unique code with friends and family while referring SAS Online as the most preferred trading platform. The referral program allows clients to refer friends and earn from 20 to 50% of the brokerage paid by them.

The Conclusion – SAS Online Review

SAS Online is undoubtedly one of the most emerging discount brokers of India. The leading discount broking firm still has to cover a long way to win the hearts of both its existing as well as new clients on various fronts. From trading platforms to customer service, trading plans, all the segments should focus on delivering more value to the users.

Since SAS Online has established itself in the market due to its low brokerage and improved market exposure, this is not going to sustain in the long run. So, if discount brokerage is only element you want, then only this option makes sense for you.

FAQs About SAS Online Review:

  1. What are the benefits of SAS ONLINE?

A well-known brand in the Indian online brokerage market, SAS ONLINE stands out from the competition thanks to many services that investors and traders find appealing. The following are some significant advantages that support its position in the market:

  • Efficient Trading:

SAS ONLINE offers an affordable trading platform with minimal transaction costs and competitive brokerage rates. Users can increase overall profitability and optimize their trading expenditures as a result.

  • Interface That’s Easy to Use:

The platform guarantees a smooth and straightforward trading experience with its user-friendly layout. Even inexperienced traders may quickly execute transactions and access a variety of financial instruments thanks to the user-friendly navigation and well-designed interface.

  • Sophisticated Trading Instruments:

SAS ONLINE gives traders access to cutting-edge tools and analytics to make wise choices. With the help of charting tools, real-time market data, and technical analysis capabilities, users can confidently carry out in-depth studies and implement plans.

  • A Variety of Investment Choices:

SAS ONLINE offers various investment alternatives, including derivatives, stocks, and commodities, to meet your varied demands. Users may create a diversified and personalized investment portfolio with this diversity.

  • Sturdy Security Procedures:

Security is our first concern, and SAS ONLINE takes strong precautions to protect user information and financial activities. Confident trading is enabled for users as encryption technologies and secure authentication procedures safeguard their information.

  1. What are the charges for Options trading at SAS ONLINE?

Regarding options trading fees, SAS Online offers three choices.

  • 01% of the transaction value, or Rs. 9, is the fee for each executed order under the first plan.
  • The second plan provides unrestricted stock trading on the BSE and NSE, costing Rs 999 monthly.
  • The third package, which costs Rs 1999, offers limitless trading for up to 199 daily orders. We will charge Rs 0.99 for each order placed after the daily cap. These plans include trading on the BSE, NSE, and MCX exchanges for stock, commodities, and currency derivatives.
  1. What documents does SAS ONLINE require?

The investing platform SAS ONLINE places a high priority on a safe and efficient onboarding procedure. Applicants must submit three crucial papers throughout the registration procedure to meet the SEBI requirements.

  • Personal identity Documents:
  • Copies of Aadhaar and PAN cards are the primary forms of identity that need to be verified.
  • Documentation proving your address: Aadhaar cards, voter IDs, passports, driving licenses, landline phone bills, electricity bills, and gas bills (no more than three months old) are acceptable.
  • Photographic Identity: Dimensions of Passport Colored Photos: Current images to verify identification.
  • Financial Verification Documents:
  • Bank Proof: Give a canceled check with your name printed, a PDF of your most recent bank statement, or the bank passbook’s first and most recent transaction page.
  • For Trading Derivatives: Send in one of the following: the most recent bank statement for the last six months, the Form 16/IT Returns, or the payslip.
  • Derivatives Trading Supplemental Documentation: A copy of the demat holding from any other broker, if applicable
  • Signature Image: Ensure the signature image matches the PAN card for consistency and verification.


  1. Is SAS ONLINE a discount broker?

Indeed, SAS Online is an Indian brokerage company that conducts business as a bargain broker online. The company was founded in 1995 and offers brokerage services for currencies and commodities at the NSE, BSE, and MCX exchanges, in addition to stocks, futures, and options.

With a focus on online trading, SAS Online provides investors looking for affordable options for their trading activity in the Indian financial markets with discounted brokerage prices. Since its founding in 1995, SAS Online has provided services to you in the financial industry, emphasizing cost and accessibility.

  1. What is the annual maintenance fee of the SAS ONLINE Demat account?

The Indian brokerage company charges an annual maintenance fee of Rs 200 for the SAS ONLINE Demat account. By paying this charge, account users may be assured of seamless and safe transactions as it bears the maintenance and administrative expenses related to operating the Demat account.

In the brokerage sector, this small annual fee is customary to fund the infrastructure and services offered to investors. Users who utilize the Demat account services for trading and investing activities with SAS ONLINE must be aware of these fees as part of their total cost considerations.

  1. What are the account opening charges at SAS ONLINE?

The Indian trading company SAS Online charges Rs 200 for creating an account each year. The company charges this fee annually to maintain an active trading account. In addition to covering account opening fees, the Rs 200 fee contributes to the operational and administrative expenses associated with overseeing and enabling trading activity.

When contemplating creating an account with SAS Online, prospective customers must be aware of this little charge since it is a component of the total cost structure related to trading on their platform.

  1. How long does it take to withdraw money from SAS ONLINE?

With SAS Online, you may easily remove money using our user-friendly back office platform. Follow these easy steps to start a payment request and use same-day processing.

  • Ensure a safe and customized experience by logging into the user-friendly interface using your password and User ID (You Code).
  • Choose the required section to expedite the equity and commodity withdrawal procedure.
  • To begin the withdrawal procedure effectively, navigate to ‘Payments’ and choose ‘Request Send To HO.’
  • To guarantee a flawless money transfer, provide your bank account information. For your convenience, SAS Online supports numerous bank accounts.
  • Click ‘Save’ to confirm your payout request after entering the withdrawal amount. Savor the freedom to take out as much as you need financially.
  • Rest assured that we will handle your withdrawal request quickly and efficiently by processing it through an RTGS/NEFT transfer at the end of the trading day.

We do not process payment requests on Saturdays.

SAS Online prioritizes the customer experience, guaranteeing that your financial transactions are swift, accurate, and safe. With SAS Online’s smooth withdrawal option, manage your money with ease.

  1. How to open your account with SAS ONLINE?

To register for an account with SAS ONLINE, complete the following steps:

  • Easy Access to Forms

Go to the Downloads area of the SAS ONLINE website. Select “Account Opening” to have access to the required documents. The forms are downloaded and include all the necessary information to begin going.

  • Print Easily

Print the forms when downloaded so you may use them offline. SAS ONLINE expedites the account opening procedure by ensuring the paperwork is simple to use and understand.

  • Completing the Simple Form

Complete the printed forms with the necessary data. You should design the forms to help you fill in the required information for a thorough account setup.

  • Signatures With Marks

At the precise locations denoted by distinct marks, sign the forms. Guarantees the validity of your application and prepares it for processing.

  • Quick Submission

Deliver the completed forms and the required paperwork to the address on the form. SAS ONLINE has improved the submission procedure to make it simple and effective.


With SAS ONLINE prioritizing user-friendly procedures for a hassle-free account opening experience, you may start your investing adventure with confidence.

  1. Can we trade commodities on SAS ONLINE?

SAS ONLINE’s subsidiary trades commodities, SAS Online Commodities Pvt. Ltd.. You may easily participate in commodity trading operations by authorizing commodity trading on your accounts. With a focus on meeting the demands of commodity traders, this subsidiary offers a complete and adequate platform that enables customers to engage in the commodities market.

Traders may access a variety of commodities through SAS Online Commodities Pvt. Ltd. and conduct trades, using the platform’s features to manage and diversify their investment portfolios.

  1. Is SAS ONLINE registered with SEBI?

SAS Online holds a Trading Member status with SEBI on the NSE and BSE. Under the corresponding Registration No., the company is registered with the SEBI. SAS Online dedicates itself to conducting business within the law and instilling confidence in traders and investors by adhering to SEBI laws.

SEBI’s registration guarantees that SAS Online follows the rules and regulations established by the highest authority on the Indian securities market, fostering dependability and openness in its trading operations.

  1. Is SAS ONLINE a good app?


  • Efficiency in Cost: Given its well-known inexpensive pricing, SAS Online is a desirable choice for traders on a tight budget. Consumers may optimize their returns because of the platform’s cheap brokerage costs.
  • Advanced Trading Tools: A variety of cutting-edge tools, such as technical analysis features, real-time market data, and complex charting, are available to traders. These enable customers to conduct transactions with ease and make well-informed selections.
  • User-Friendly Interface: SAS Online offers an easy-to-use interface that makes trading more enjoyable. Experienced users value its efficiency, while novice traders find it straightforward.
  • Trading Facilities with Margin: By offering margin trading capabilities, the platform enables users to leverage borrowed funds to increase their market exposure. A good risk management plan might increase earnings if a trader has a good risk management plan.


  • Restricted Research and Assessment: Although SAS Online is a leader in trading tools, it has few research and analysis resources. The platform might not meet the needs of traders who depend substantially on in-depth market research.
  • Difficulties with Customer Support: Some customers have had conflicting experiences with customer service, complaining about wait times and sporadic problems getting through to agents. A more responsive support system would increase consumer satisfaction overall.
  • Restricted Investment Opportunities: SAS Online’s main trading activities are stocks and commodities. Investors interested in various financial products, including forex or mutual funds, may need to explore elsewhere for an entire investing portfolio.
  1. What are the brokerage charges at SAS ONLINE?

Three different trading plans are available from the top brokerage platform SAS Online, designed to accommodate different types of traders.

  • Rs 9 per Trading Plan
  • Efficient Trading: Take advantage of a fixed fee of Rs 9 for each completed transaction, or 0.01%, whichever is less.
  • All-inclusive Trading: Easily transact in the equity, commodities, and currency derivative markets on the BSE, NSE, and MCX stock exchanges.
  • Rs 999 Trading Plan
  • Unlimited Trading: For a set monthly charge of Rs 999, take advantage of unlimited trading in the equities market.
  • Segment Inclusions: For a thorough trading experience, access BSE Cash, NSE Cash, and NSE F&O.
  • Further Choices: Increase your trading potential with unlimited MCX trading at Rs 1999 per month and unlimited currency trading at Rs 499 monthly.
  • Rs 1999 Pro Plan
  • Unrestricted Trading Power: Take advantage of an ample daily allotment of 199 orders, allowing limitless trading.
  • Transparent Pricing: There is a minimal fee of Rs 0.99 for each order beyond the first 199.
  • Versatility: This strategy offers traders a comprehensive answer by covering a variety of categories.

Select the plan that best suits your trading style, and use SAS Online to have a smooth, affordable, and feature-rich trading experience.

  1. Is trading free with SAS ONLINE?

No, using SAS Online for trading is not free. The SAS Online platform could incur transaction expenses and fees when users conduct transactions. Inform users of all related costs, such as brokerage fees and other expenses incurred during trading.

To maintain transparency in their trading operations and make well-informed decisions, investors should carefully evaluate the fee structure supplied by SAS Online. For accurate and current information on trading expenses, always see SAS Online’s terms of service and price schedule for the most recent version.

  1. Does SAS ONLINE only offer free brokerage?

SAS ONLINE offers commission-free brokerage and boasts a wealth of tools that enhance the trading experience.

  • A Variety of Chart Styles:

Many chart types are available for traders to utilize, meeting their unique demands and preferences for analysis. A thorough portrayal of market movements is guaranteed by SAS ONLINE, regardless of the chart type — candlestick, bar, or line.

  • Comprehensive Library of Indicators:

SAS ONLINE gives traders access to more than 100 indicators, providing them with a comprehensive technical analysis arsenal. Users can precisely customize their tactics using oscillators and moving averages.

  • Analysis of Multiple Time Frames:

You may have a deeper insight into market dynamics by choosing several time frames for chart analysis. This tool gives traders a comprehensive view by allowing them to recognize trends and patterns over various periods.

  • Key Stats of SAS Online
  • Providing affordable brokerage services since 2013.
  • Participants in MCX, NSDL, BSE, NSE, and SEBI
  • 20,000+ clients in more than 750 Indian cities as of November 2018
  • As of November 2018, daily turnover was over 7000 crores.
  • Handles more than 60,000 orders per day.
  • Discount brokerage programs that can reduce trading expenses by up to 90%
  • Earn 20% to 50% of the brokerage that your friends pay for you when you refer them.


  1. Can you invest in an IPO with SAS ONLINE?

As a brokerage platform, SAS Online does allow investors to participate in IPOs. Using SAS Online’s services, you may participate in the initial public offering (IPO) process and subscribe for and purchase shares of recently listed businesses. Investors may easily manage their IPO investments, submit applications, and obtain IPO data using the portal.

For a thorough grasp of the procedure and any connected terms and conditions, customers must refer to the particular IPO-related features and instructions offered by SAS Online.

  1. Is SAS ONLINE suitable for trading?

Indeed, trading is a good fit for SAS ONLINE. With its robust and intuitive interface, the platform gives traders practical tools for managing their portfolios, doing market analysis, and executing orders. With smooth order execution, sophisticated charting tools, and real-time market data, SAS ONLINE helps traders make choices quickly and with knowledge.

The platform’s dependability and minimal latency also create a satisfying trading experience. Because of its extensive feature set, SAS ONLINE is a good option for anybody looking for a dependable and effective online trading platform, regardless of expertise.

Disclaimer: This blog is written for educational purpose only. Data, Securities, Advisory and Quotes mentioned here are for guidance only. Doing research by investors itself is highly recommended.

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