Mega Offer Avail 65% Off in CA IPCC and 50% Off in all CA CS CMA subjects.Coupon- IPCEXAM65 & EXAM50. Call: 088803-20003

CA Final Online Classes
CA Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Everything you need to know about stock brokers in India

CA Prachi Bhawrani 
Updated on 17 July 2020

LinkedIn


When you hear about a stockbroker, then they are your basic trading amnesties who help with the buying and selling of stock to the clients. They are professionals in the field of work that they are in, and they help' to regulate the stock of a business.

Everything you need to know about stock brokers in India

What do you know about stock brokers?

Stock brokers in India are full-time companies who help to sell and trade stocks to their various lists of clients. Investors cannot directly buy into the stock market, and this is why stock brokers are needed. These stock brokers act as middlemen between retail investors & stock exchange, as they help the retail investor to invest in the market.

For detailed and unbiased review of Stock Brokers, you can check this website - https://top10stockbroker.com/

Various types of stockbrokers in India

Full-Service Broker: A complete service stock broker in India is a licensed broker who helps by providing a list of various services to their clients, including all the research work, the planning, and the tax liabilities. The full-service stock broker works on the brokerage, and they levy the total tax count as well. They are experienced brokers who are extremely beneficial for the long run of a business.

To Check out the best full service brokers in India, Click Here

Discount broker: A discount stock broker in India helps to carry out all the stock and the trading amnesties but at a discounted commission rate. The levied charge that you have to pay to your broker is added with some discounts from their end. However, unlike a full-service broker, a discount broker does not get your investment advice or tip. 

The right parameters to imply when choosing a stockbroker in India

User and Critique Review: Customer review is critical when you are choosing a stockbroker. The better they have pleased their previous clients, the more they are likely to have a useful discussion. It is an important feature that your stockbroker has an excellent reputation out on the market and added to their name.

 

Experience: Stock brokers are like fine wine. As much they get old, their knowledge through the line of work increases as well. When you are choosing the best stock broker in India, you need to look out for the expertise that they have had in the market. If they have a good run, then it is better that you go with the discretionary.

Trading Platform: Another essential thing to look out when choosing a stockbroker is their trading platform. For this, you need to apply for a best share brokerage company located in India who can get you the best trading platform for your transaction. The trading experience that you have depends on the annuity of the features, the speed, and even the software which are used for the advanced mechanism.

Product and Service: Choose on the basis of the service that your broker is presenting you with. If your broker is levying you with added services and features and even helping you out with the standard tips to financially market your business, it is better that you choose that person. Shortlist a few names on your list and go with the one which has the right amount of service.

Brokerage and other levied charges: To choose the right stock broker in India, you need to understand the trading costs that they have collected. With the help of the trading cost, your stockbroker will charge you an amount that you have to pay in after they have conducted the transaction. 

 

Final thoughts

Every trader or company have to skilfully choose their perfect stock broker so that they can find the best for their business. A stock broker is a gem for the future run of a company, so if you have a good one, then they can help you to market your business in the long term.


Tags :



Category Shares & Stock
Other Articles by -
CA Prachi Bhawrani 

Report Abuse

LinkedIn



Comments


update