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You look before picking a broker


Stockbrokers are greater than before in ranks,and you enjoy an extensive choice to pick a stockbroker from the big lot. In order to come by a right broker could be a tricky job. First of all bear in mind the preferences you have and what you are going to expect from the broker. Below are enumerated some points that should be kept n mind prior to picking a broker.  

Full service versus discount broker

The major distinction that can be drawn among discount brokers and full service or traditional brokers is that traditional or full-service broker will realize brokerage from you in the form of percentage which is dependent upon your trade value. It may be 5% to 9% in a few companies even as some take less as compared to it as they tend to be cheaper and it is per trade they charge you. In case of discount brokers, the charges are irrespective of trade volume or volume of stocks and can be Rs 15 – Rs 20 per trade. For instance, you opt to trade for a number of times in a period of a month; you must hire services of a discount broker in place of a traditional broker.

Offline or Phone trading against online trading

At present, all brokers have commenced to imparting online trading services in support of their clientele. A number of brokers proffer business on the phone or frequently may register their presence physically by location. If it is the case with you that you find yourself at ease doing trade online by way of laptop or desktop, you will find out the fact that all big brokers hold out such sort of services including all Top 10 stock brokers in India. Some individuals prefer to conduct trade at the terminal of their broker and require assistance on call while they are performing the trade. It is necessary to know that you will procure all the services from the broker you desire to select that will help you in trading. For getting all such services, you can hire services of top brokers.

Number of turns you do trade

Take a decision either to be an investor or a trader. An investor may conduct trade only a few times during a year and trader will carry out trade many times during a month. For investors, the brokerage is no problem as it will not affect their returns and in case of the trader, the brokerage can have an effect on your gains and losses if you have made any.

You look before picking a broker Stockbrokers are greater than before in ranks,and you enjoy an extensive choice to pick a stockbroker from the big lot. In order to come by a right broker could be a tricky job. First of all bear in mind the preferences you have and what you are going to expect from the broker. Below are enumerated some points that should be kept n mind before picking a broker.  

You look before picking a broker You look before picking a broker Reviewed by Lokesh kumar on 8:54 PM Rating: 5