Are you searching for the best discount brokers in india? Read my article below:
If you are an experience trader and searching for a discount broker to perform you buying and selling transaction requests then you should perform an analysis and compare all the various discount brokers available in today’s market before making your decision. There are many variances in discount brokers from their fees to their support so it is essential to find one that will meet your investment decisions quickly, reliably and affordably.
Discount brokers do not provide trading advice instead they offer a service for your buying and selling transactions. They usually charge per transaction but some can have hidden fees. These are the types of things you will need to thorough research before making a decision on the discount broker you depend on for your investments.
Another comparison you will want to perform is to determine the various opening balances required by the different discount brokers. They all require a minimum deposit to begin trading but those balances vary. Some discount brokers also require a certified check or verified funds within the trading account before you can begin buying and selling. It is to your advantage to find a discount broker requiring a low opening account balance. This way you can test their process with smaller amounts before investing large sums of money.
Discount brokers compete for your business with other brokers. Each offer discount rates for transactions and some seem to be a better deal than others, but be aware that some of the costs are hidden. Examine all the costs, both transaction fees as well as other fees that could be associated with stop lose orders or maintenance fees to your accounts. Each discount broker has additional fees it is just a matter of determining which is best for your investment choices. Always be alert when they advertise free incentives and other free services. Check them out before you engage.
Source – Equity Blues