Indian stock market has been growing remarkably and providing amazing returns to the investors. A stock broker account allows you to invest in stocks, mutual funds, IPO as well as bonds. Finding the best stock broker in India is challenging especially if you are a beginner
Selecting a best stock broker in India is the one the biggest step that you take while entering the world of investing.
Another most important thing you need to invest in stock market is high levels of knowledge about stock market and its necessities. There are various resources that are available both online and offline that provide detailed understandings into stock broking.
It is very important for an investor to keep in mind the costs. Remember that stock brokers charge a fee for providing their services, so you will have to be cautious about this aspect. You must choose a stock broker whose fee you can easily pay. They can charge you the commission and other broking fees. While selecting top stock broker in India, you should compare the brokerage charges that other companies demand. It is most important to understand what facilities they are offering you. There are various options in which a broker can charge clients. So, to ensure that their pricing policies are clear and published on their website in detail. Additionally, make sure that they have detailed guidelines listed in other aspects of the business too. Good business practices matter the most!
Before you choose an online stock broker, it is very important to do a thorough background check of the broker as well as the brokerage firm. In addition, you must also check the past performance of the broker, how many years has he been in the industry, client reviews, etc. In order to avoid being tricked into frauds, it is essential that you must do a thorough check of the stock broker’s background.
TYPE OF STOCK BROKERS
A huge number of stockbrokers available in India can confuse fresh investors and traders. Therefore, it is essential for them to choose the right stock broker if they want a unified, hassle-free experience. There are different kinds of brokerage companies in the country and they can mainly be categorized into two different categories: traditional brokerages and discount brokerages.
Both of them work in different ways. Traditional brokerages were established much earlier and focused on providing regular trading tips to their clients. This business model is usually based on the fact that most of the people need trading thoughts which these brokers offer.
Traditional brokerages charge a percentage of the brokerage cost. This varies from client to client and depends on on volumes as well as negotiations with the broker. It varies from 0.3 percent to 0.5 percent of the transaction value.
On the other side, discount brokerages refer to platforms that provide consistent execution services but do not provide trading ideas like contrary to their traditional counterparts. Discount brokerages cater to the quickly rising active trading/investing community in India which favours to self-learn and take independent decisions. Moreover, these brokerages charge a flat fee of Rs 20 per transaction irrespective of the trade volumes which is a big plus for traders as well as investors.
When you are looking for top Stock Broker in India, you should keep in mind that a stock broker who has an in-house expertise is found to be the best choice in order to meet the evolving needs of traders and investors in the form of new platform features as well as solutions for the long-run. As stockbroking-related technology is very important, so one should pick a brokerage which has an excellent track record in providing a solid and reliable platform.
REPUTATION OF THE STOCK BROKER
Before choosing the best online stock broker in India, one should check the background of the stockbroker and their reputation. You should go through the reviews and complaints and have a survey of the personal experience of the existing users.You should also check reputation of brokers by finding out their size based on their total number of active clients. Check if the stock broker has a demat account for beginners in India and which broker offers shares to buy for beginners in India.
It is very important for you to ensure that your stock broker is available during stock market working hours in order to ensure timely execution of orders without any delays. This proves to be very beneficial for returns as stock marketing is very unpredictable in nature and often fluctuations in prices can be observed in a very short period of time that can cause losses.
Online Stock Broker in IndiaOnline trading offers you the facility of trading from both home or your office. You should check for online trading facility as this is most preferred option these days. Online stock broker in India for beginners is the option that offers speed and easiness.