Choosing The Right Broker

In the recent years, brokerage Industry has witnessed a complete transformation. The brokerage firms are embracing all the possible technology advancement and offer better customer support. Every new entrant of Brokers are first working on the market analysis, working on the competitive advantage & offering solution related to competition in technology space, new strategies and advance use of digital technologies (mobile, web & computer). So biggest concern here is choosing the right broker that you will enjoy trading without any second thought. So, if you are lucky enough in choosing the most appropriate one, then half of your investment & trading requirement is taken care of. While choosing the right broker, you got to keep a watch on the following key points:
  • What kind of investor are you?
Before choosing a preferred stock broker, you’ve got to ask yourself the kind of investor you are? Are you looking for short term duration (day trader) or long term investment. It will be accordingly easier for you to choose the most appropriate broker.


Stock Broker
Stock Broker | Image Resource : picdn.net

  • Market credibility or reputation of the stock broker
You’ve got to carefully review all the investment information and customer reviews for the listed stock brokers. You can even browse through SEBI and stock investment websites to find more validating information about the most appropriate broker. You need not jump to conclusion rather very patiently check all the related information: complaints (if any), feedbacks & reviews that may exist against a broker.
  • Brokerage Charges:
Brokerage charges has a significant role in comparing between the stock brokers. The trick here is to look for the brokers offering least possible brokerage fees yet providing the best trading services. Else, you may caught up in a situation where you will be left with no profits & entire trading experience is a waste. When you work with a broker, there are different kind of fees/ charges associated .i.e. account opening fee, transaction fee, maintenance fees, etc. The best way here is to check for low transaction fees if you trade more often, and if you wish to hold the shares for longer duration, then low maintenance fee is recommended.
  • Trading Platform and market research facilities 
Trading platform also has a significant role in taking the decision of the right broker. The platform should be solid & secure and must radically change you trade online. Discount brokers like Trade Smart Online too has other advantages in the Trading Platform:
  • Single interface for different Exchanges (NEST)
  • Instant limit increase with Online Fund Transfer
  • Tie­up with 26 banks for instant fund transfer
  • Trader, browser and mobile version without any charges
  • Advanced tools, charts and indicators

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