Top 10 Discount Brokers in India By Clients at NSE in 2018
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There are many stock brokers available, investors have to choose the right one based on their requirements. Stock brokers are agents who are trained and certified to participate in the securities market. Stock brokers act as agents for the buyers and sellers of securities.
They charge commission for this service. The stock broker does not own the securities but just does the service for the investor. The stock broker firms play a dual role of principal as well as an agent.
Stock brokers charge a high premium for their services. Now, everyone can cheapest discount brokers india access to the stock market, thanks to discount brokers. Discount brokers are agents who buy and sell stocks at a nominal fee. They perform similar services of a stock broker except that they will not provide any investment advice. Below are some of the major discount brokers who show up in the top 10 list.
It is better to research and read the reviews about these brokers before considering them for brokerage. Most of these discount brokers follow risk management practices and stringent SEBI rules, so it is safe to deal with them. Discount brokers offer wide variety of brokerage plans to choose from. Top 10 Discount Stock Brokers in India There are many stock brokers available, investors have to choose the right one based on their requirements.
It is better that the investors keep the following points in mind before making a choice. Usually a full service broker will charge a percentage of the trade value. Most of the discount brokers charge a fixed amount irrespective of the number cheapest discount brokers india trades the investor conducts. It is advisable for the investor to fix a discount broker if the cheapest discount brokers india volume is high. Depending on the comfort level of the investor, trading can be done offline or online.
Stock brokers can provide service over a phone or a physical location. People who trade frequently, say few times in a month, can make sure they have good returns if they engage a broker.
Those who trade only few times cheapest discount brokers india a year, may not benefit heavily from utilizing services of a stock broker. To invest wisely, financial advice from a reliable stock broker is a must.
It is better to do some cheapest discount brokers india on the stock broker before engaging with them for their services.