Share market is a large platform that offers income to many people including companies, employees of such companies, brokers and traders. The traders and investors are at the core of the market who keep on investing and trading in the market. However, for every trader or investor the broker is much important as he can prove much supportive in this market. Hence whether one wants to go for the trading or investing he needs to find the best stock broker in India to have an account with him and carry out the trading and investment activities.
In the share market one can find the platform of exchanges where the companies are listed and their shares are allowed to trade in. The traders can trade in the shares of any company as per their choice. One needs to get demat and trading account opened with the best stock broker in India to have ease of trading. But before opening an account with him one needs to know a few things first.
- The Type of account: The broker can offer different accounts. One who needs to invest amount in the market can go for only demat account also but for a trader a trading account is a must. Hence one needs to be sure if the broker offers both accounts or not.
- Leverage: Before moving ahead with trading one needs to check if he wants to go for a retail trade or bulk trading. If he wants to go for the bulk trading he needs to know the conditions of the broker first. The margin money and exposure to the market must be checked as in bulk trading one needs to have more credit at less margin money.
- Brokerage rate: Another important aspect of the trading here is the brokerage rate. In the market one can find various brokers offering different services at different rates of brokerage. in case of full-service broker the charges are much different than the discount service broker. This must be checked by the trader thoroughly before opening the account with the concerned broker.
- Support system: In trading one may need to have the support of broker at various stages. Therefore one needs to check if the broker will offer required services or not. In case of full service broker one can have advisory and consulting services also which may not be availed with a discount broker. However, at discount broker one may have to pay much less amount of brokerage than regular brokerage and hence it can be a profitable deal.
Overall one can say that while going for the broker services one must check various aspects. However, in case of online account the aspects of services may vary as the broker has much little role to play in this account. Here the account is operated by the client only and in case of any technical issue or credit related issue the support from the broker is required.