It is very important to first understand the meaning of a Discount Breaker.
New age “Discount Broker” is one of the most economical brokers who work on negligible brokerage charges (Fixed flat rate) resulting in low charges and thus trading cost goes low. But such discount brokers have no say on markets.
Why do you need a Discount Broker?
If you prefer to invest on your own without keeping any financial firms as advisors and wish for lower trading costs and charges then an ideal way is to have a Discount Broker appointed for you. They will make your trading much better in both monetary gains and portfolio management.
There are basically two things every trader needs:
- Lower cost to trade
- A superior level of trading platform
- Excellent Customer Service
- Same day pay in and pay out gateways
What should you look for a Discount Broker in India?
- Look for experience
A well experienced firm can always make your trading be equally pleasant and profitable one. Experience never goes unseen and hence their expert blog articles and daily insights make your decisions better day by day and hence the more you gain knowledge and polish yourself, the better is your scope in this field.
- Look for SEBI registration
SEBI stands for Securities and Exchange Board of India. It is the regulator in India for the entire securities market. Established in 1988, its registration means a lot to any firm and adds on to the stature.
- Look for the associations of that firm
A good association with NSE, BSE, MCX and other similar organizations make your prestige and values enhanced. You just don’t need any further certificate, if the firm has all the above three qualities.
- See how many customers the online platform has and in how many cities
This shows the growth quotient of the firm. More the customers and the reach of the company, better is its reliability among all competitive websites.
- Look for Cheapest brokerage India
The lower the brokerage is, the better you would love trading on its platform. Every trader wishes a lot cost of trading and hence cheapest brokerage firm is ideally everyone’s choice. A good Brokerage Calculator on the website to calculate the value for all segments and products is another good point in any trading firm. Such transparency is a good gesture and hence giving traders easy tools for planning their trade.
- Look for most technology upgraded platform
Every good capital firm is now cloud based. They have introduced smart trading technology and contemporary platform with a more loved and user friendly user interface available on desktops, web, and mobile so that you can access your trading dashboard anytime and anywhere to place orders in a fraction of a second.
- Look for the friendliest dashboard platform
Normally, everyone doesn’t have good skills to use internet browsers and online navigation. So dashboard should be simple to understand and navigate even for naïve people so that they can trade easily. It should calculate your total of best discount brokerage, referrals earning, Portfolio etc.
Hope you must have received great information by now and hence you can easily choose the best discount broker within India.