Samdhyan

Overview of Olymphubs

Samdhyan, headquartered in India, emerges as a financial service provider catering to traders with a distinctive focus on commodities. Notably, the company operates without a specific regulatory framework, necessitating careful consideration from potential clients. While the absence of regulation doesn't inherently imply wrongdoing, individuals should conduct thorough due diligence and assess the associated risks.

The trading environment at Samdhyan offers a diverse range of instruments, including E-Series, Commodity Derivatives, and Commodity Delivery. Traders can access these markets through a variety of platforms, namely the Web Trading Platform, Mobile Trading App, and Desktop Trading Platform, each designed to cater to different preferences and styles.

Samdhyan provides two primary account types: the Demat Account, serving as a digital vault for securities, and the Trading Account, acting as a gateway for executing trades across various financial instruments. However, specific details regarding the minimum deposit requirement are not specified.

For customer support, Samdhyan ensures accessibility through multiple channels. Individuals can reach out via email at compliance@samdhyan.com. Additionally, key personnel, including Director Mr. Biren V. Shah and Mr. Naman Shah handling accounts and compliance, are available for direct contact, emphasizing a commitment to transparent communication and issue resolution.

Is Olymphubs legit or a scam？

Samdhyan operates in a regulatory landscape that currently lacks a valid regulatory framework. Unlike some financial institutions that operate under the oversight of regulatory authorities, Samdhyan does not currently fall under the purview of a recognized regulatory body. The absence of specific regulatory oversight may raise concerns for potential clients, as regulatory frameworks are typically established to ensure transparency, financial stability, and investor protection within the financial services industry.

Pros and Cons

Market Intruments

Samdhyan caters to diverse appetites with its comprehensive range of market instruments. Traders can choose from:

E-Series: Embrace digital convenience with electronic contracts on NSEL's E-Gold, E-Silver, E-Copper, and more. These offer swift access to popular metals alongside the ease of online trading.

Commodity Derivatives: Go classic with traditional contracts on established assets like gold, silver, copper, and energy essentials like crude oil and natural gas. Whether you're a seasoned pro or a new explorer, these familiar names provide well-trodden paths for your trading journey.

Commodity Delivery: For those seeking physical possession of precious metals, Samdhyan facilitates direct delivery of GOLD and SILVER. Take control of your investments, literally, with this tangible option.

Account Types

Samdhyan offers two primary account types to meet your investment needs:

1. Demat Account:

• Acts as a digital vault for your securities, holding shares, bonds, and other investments electronically.

• Simplifies settlements and eliminates paperwork associated with physical certificates.

• Provides convenient online access to view and manage your holdings.

• Required for participating in most types of trading, including equity and commodity futures.

1. Trading Account:

• Serves as your gateway to executing trades in various financial instruments.

• Allows you to place orders, monitor positions, and manage your portfolio in real-time.

• Offers access to a diverse range of instruments, including equities, derivatives, and commodities.

• Provides tools and resources for market analysis and informed decision-making.

Both account types are essential for active traders, but they serve different purposes:

• Demat Account: Stores your investments.

• Trading Account: Facilitates buying and selling.

How to open an account？

Step by Step Procedure to open a Demat Account and Trading Account Please find the below mentioned to open the demat account.

Step 1: Search for Stock Broker / depository participant Select a Stock Broker/DP with whom you want to open your Demat Account and Trading Account. Consider the reputation of the Stock Broker/DP and whether it can provide the specific services you are looking for.

Step 2: Provide Basic Details Once selecting a Stock Broker/DP, next fill up an account opening form. In the beginning you will need to provide basic details like your name, phone number, email, address, etc. You will also need to add your PAN Card details.

Step 3: Add Bank Details You need to provide bank details like account number, account type, IFSC code, etc. Providing bank account is essential since it is used for crediting any amount payable to you, like dividend, interest, etc. by the issuer company whose shares you might hold in the Demat Account and Trading Account. Step 4: Provide Document Provide your photo, and the documents related to your proof of address and proof of identity to complete this step.

Step 5: In-person verification In-person verification is the physical verification of the information provided in the KYC form done by the brokers employee to establish its authenticity. Just verifying original document (your name, PAN number, address, etc.) and complete the step.

Step 6: Sign Stock Broker/DP will provide you the form to sign your application.

Step 7: Form Submission Once you have finished these steps, you can submit your form and your Demat Account and Trading Account will be created shortly. You will receive details of your account like demat account number, Trading Id and the login credentials to access your account.

Leverage

Samdhyan offers a maximum trading leverage of up to 1:100 for equity futures and 1:50 for commodity futures. This means that for every $1 you deposit, you can control a position worth up to $100 or $50, respectively.

Leverage can be a powerful tool that can help you amplify your profits, but it also carries significant risks. If the market moves against you, you could lose more money than you deposited.

Samdhyan recommends that you only use leverage that you are comfortable with and that you understand the risks involved.

Here are some additional details about Samdhyan's leverage:

Equity futures:

• Equity index futures: 1:100

• Equity stock futures: 1:50

Commodity futures:

• Gold futures: 1:50

• Silver futures: 1:50

• Crude oil futures: 1:50

• Natural gas futures: 1:50

Samdhyan offer different leverage levels for other products or for specific customers. It is always best to contact Samdhyan directly for more information.

Commissions (Trading Fees)

Samdhyan understands that every trade counts, and so do your costs. To equip you with clarity and control, their commission structure is transparent and competitive. Here's a breakdown:

Equity Trading:

• NSE Cash (Delivery): ₹0.50 per executed order

• NSE F&O (Futures & Options): 0.03% of turnover (minimum ₹20)

• BSE Cash (Delivery): ₹0.50 per executed order

• MCX (Commodity Derivatives): ₹20 per executed order

Additional Considerations:

• STT (Securities Transaction Tax): 0.1% on both buy and sell sides for all equity trades.

• Transaction charges: Applicable as per exchange and regulatory body guidelines.

• Minimum brokerage: May apply under certain circumstances.

Other Fees

While commissions take center stage in trading costs, Samdhyan also levies several other fees to keep their financial engine running. Here's a breakdown of these additional charges:

Overnight Interest Fees:

• Applicable on leveraged positions held overnight for equity futures and commodity futures.

• Rates vary depending on the underlying asset and market conditions.

• Typically range from 3% to 20% per annum.

• Contact Samdhyan for specific rates on your desired instrument.

Deposit and Withdrawal Fees:

• Deposits: Generally free through NEFT or bank transfer. Check with your bank for any potential charges.

• Withdrawals: May incur a nominal fee per withdrawal depending on the method used. Contact Samdhyan for their current fee schedule.

Inactivity Fees:

• Samdhyan may charge an inactivity fee if your account remains inactive for a prolonged period (typically several months).

• The fee amount and any grace period vary depending on account type and trading activity.

• Contact Samdhyan for their specific inactivity fee policy.

Trading Platforms

Samdhyan empowers traders with a choice of powerful platforms to navigate the market:

1. Web Trading Platform:

• Accessibility: Seamless access from any web browser, ideal for on-the-go traders.

• User-friendly interface: Intuitive design simplifies order placement, chart analysis, and portfolio management.

• Real-time market data: Stay informed with live quotes, news, and technical indicators.

• Advanced charting tools: Analyze trends and identify trading opportunities with customizable charts and technical indicators.

1. Mobile Trading App:

• Trade on the move: Execute trades, monitor positions, and track market movements wherever you are.

• Real-time data at your fingertips: Access vital market information right from your phone.

• Push notifications: Stay updated on price alerts and important market events.

• Secure and convenient: Trade confidently with multi-factor authentication and data encryption.

1. Desktop Trading Platform:

• Powerful functionality: Packed with advanced features for seasoned traders, like algorithmic trading and automated order execution.

• Customizable workspace: Tailor the platform to your preferred layout and tools.

• Multiple charting options: Analyze market data in depth with a range of chart types and technical indicators.

• In-depth market analysis: Access comprehensive market research and news feeds.

Samdhyan understands that every trader has unique preferences. Choose the platform that best suits your trading style and technological needs. Whether you're a seasoned pro or a budding investor, Samdhyan provides the tools you need to navigate the market with confidence.

Deposit & Withdrawal

Samdhyan strives to make both depositing and withdrawing funds a smooth and convenient experience for all traders. Here's an overview of their available methods:

Deposits:

• NEFT and Bank Transfer: Widely accepted across Indian banks, these methods offer free deposits with processing times typically ranging from 2 to 4 hours.

• UPI (Unified Payments Interface): A popular instant payment option, UPI allows you to transfer funds directly from your linked bank account. Processing times are near-instantaneous, making it ideal for quick access to your trading capital.

• Online Payment Gateways: Samdhyan may offer integrations with popular online payment gateways like Paytm and Google Pay for instant deposits with minimal transaction fees.

Withdrawals:

• NEFT and Bank Transfer: The primary method for withdrawals, with processing times typically ranging from 24 to 48 hours. Standard bank charges may apply depending on your bank.

• RTGS (Real Time Gross Settlement): Ideal for urgent withdrawals, RTGS offers same-day fund transfer but generally incurs higher transaction fees compared to NEFT.

• UPI: Samdhyan may allow withdrawals through UPI depending on your bank and linked accounts. Check with Samdhyan for availability and any applicable fees.

Customer Support

For general inquiries and correspondence, individuals can reach out to Samdhyan using the registered address at 1412 to 1413A, 13th Floor, DSCCSL Tower(53E), Road 5E, Block 53, Opp. WTC, Zone 5, DTA, Gift City, Gandhinagar - 382355. The correspondence address at 2/A Heritage Bunglows, Near Apang Manav Mandal, B/h Atira, Vastrapur Road, Ahmedabad 380015, Gujarat, India, serves as an additional point of contact.

For specific matters related to compliance, the email addresscompliance@samdhyan.comis provided. This channel is instrumental for addressing regulatory concerns and ensuring adherence to established standards. Moreover, Samdhyan offers dedicated points of contact for key roles within the organization. The Director, Mr. Biren V. Shah, can be reached at +91 9824021126, while Mr. Naman Shah handles accounts and compliance and can be contacted at +91 9227928919.

In instances where investors need to raise grievances, the designated email for investor grievances is compliance@samdhyan.com. This demonstrates Samdhyan's proactive approach to resolving concerns and maintaining transparent communication with its clients. The availability of multiple communication channels, including phone numbers and email, underscores the company's commitment to providing accessible and comprehensive customer support services.

Educational Resources

Samdhyan recognizes the importance of equipping traders with the tools and knowledge they need to navigate the market with confidence. To that end, they offer a wealth of educational resources, catering to both new and experienced traders. Here's a glimpse into what awaits you:

Risk Management and Understanding:

• Risk Disclosure Document for Options Trading in Commodities: This document explicitly outlines the inherent risks associated with options trading, empowering informed decision-making.

• Guidance Note: Do's & Don'ts for Trading in Commodities: Practical tips and insights guide you through the intricacies of commodity trading, helping you avoid common pitfalls.

• Policy and Procedures: Comprehensive documentation lays out Samdhyan's operational practices, ensuring transparency and fair treatment for all clients.

Accessibility and Empowerment:

• Client Registration Documents in Vernacular Languages (MCX): Samdhyan removes language barriers by providing key documents in local languages, promoting financial inclusion and accessibility.

• Procedure to open account: Streamlined steps with clear instructions simplify the account opening process, allowing you to start trading efficiently.

• Procedure for filling a Complaint: A dedicated procedure outlines the steps for addressing any concerns you may have, ensuring your voice is heard.

Compliance and Transparency:

• Conflict of Interest: Samdhyan's commitment to ethical practices is reflected in their clear conflict of interest policy, safeguarding your interests.

• RMS Policy: Robust risk management systems ensure financial stability and responsible operations.

• Dormant Policy: A transparent policy outlines procedures for handling inactive accounts, protecting your financial interests.

• PMLA Policy: Samdhyan adheres to stringent anti-money laundering regulations, promoting a secure and ethical trading environment.

Details of AP:

• For further information on authorized persons (APs) representing Samdhyan, you can access their website or contact customer support.

By taking advantage of Samdhyan's diverse educational resources, you gain valuable knowledge, risk awareness, and procedural insights. This equips you to make informed trading decisions, navigate the market with confidence, and maximize your potential success.

Conclusion

In conclusion, Samdhyan presents a unique proposition in the brokerage landscape, particularly for investors with a specific focus on commodities. The platform stands out for its extensive range of commodity instruments, catering to niche investors who prioritize exposure to this asset class. Additionally, the provision of high maximum leverage for commodity futures (1:50) adds to its appeal, offering potential opportunities for higher returns, albeit with increased risk.

However, it's crucial for prospective users to carefully weigh the advantages against potential drawbacks. Samdhyan's exclusive focus on commodities may limit options for those interested in equities or derivatives, and the high leverage options may not be suitable for conservative investors due to the associated risks. While the platform emphasizes transparency with a clear commission and fee structure, the lack of information regarding its regulatory status necessitates additional research and verification.

FAQs

Q: Is Samdhyan a regulated broker？

A: Samdhyan's regulatory status is currently not provided in the available information. It is advisable for potential users to conduct independent research and verification regarding the broker's regulatory standing.

Q: What is the focus of Samdhyan's trading instruments？

A: Samdhyan primarily focuses on a wide range of commodity instruments, catering to investors with a specific interest in commodities.

Q: What is the maximum leverage offered by Samdhyan for commodity futures？

A: Samdhyan provides a high maximum leverage of 1:50 for commodity futures, offering the potential for increased returns but with heightened risk.

Q: Are there educational resources available on the Samdhyan platform？

A: Yes, Samdhyan offers educational resources, including vernacular language client documents with a focus on risk disclosure. However, it may lack advanced analytics or research tools for experienced traders.

Q: What is the transparency level regarding commissions and fees on Samdhyan？

A: Samdhyan maintains clear transparency with its commission and fee structure, providing users with a straightforward understanding of the costs associated with trading.

Q: Does Samdhyan offer a variety of instruments besides commodities？

A: No, Samdhyan primarily focuses on commodities, and its instrument variety may be limited for those interested in equities or derivatives.

Q: Is Samdhyan suitable for conservative investors？

A: The high maximum leverage options on Samdhyan may not be suitable for conservative investors, as they come with significant risk.

Q: How can users verify Samdhyan's regulatory status independently？

A: Users can verify Samdhyan's regulatory status independently by conducting thorough research, checking with relevant financial authorities, or seeking information through official regulatory channels.