You need a movie ticket to enter the cinema even though you are a strong fan of the artist. Likewise, you should get the service of stockbrokers to enter the stock market to engage in trading. Just the interest and bank account are not enough to enter the stock market. A reputed stock broker only can open the demat account and help you to engage in trading. This is the reason why all of the investors look for the best brokers in India. Here are some of the easy tips to find the best brokers to open the account and to engage in stock trading.
Best broker for you
If you are a fresher or investor to play in the stock market with a limited number of trading, then it is better to get the service of discount brokers. Most of them help you to open the account for free of cost and all of the services are provided at minimal commissions. So, once you are at the service of the Best discount broker in India, then everything in trading comes in the best form for you. Some of the important factors to consider when selecting discount broker include account opening fee, brokerage account annual maintenance cost, demat account opening fee and annual maintenance cost, call & trade charges, trading terminal fee, and minimum brokerage fee.
Zero opening fee
As said above, most of the discount brokers charge zero opening fee for opening the account when other brokers charge some amount of account opening fee. But they make you free from minimum brokerage fee when the zero account broker collects some amount as minimum brokerage. Hence, when calculated with the overall expense, most of the account serve the customers with somewhat equal charge. It is the way you compare the rates and select the right type of account that helps you in entering the profitable trading process.
Professional help
Reputed discount brokers assist you in selecting the right account based on your requirement. This may include the term of investment, amount of investment, the frequency of investment, the expected rate of return etc. They suggest you with the best demat account plan that better suit your requirement plan. Hence it is certainly a good idea to get the professional help from the trusted stock broker before you share your personal details and documents to open the account.
Annual maintenance cost
Annual maintenance cost is one of the important factors to consider when selecting the discount broker. Different brokers collect the cost in different ways. Some firms make you totally free from annual maintenance cost and instead collects some other cost that other firms make your free from. The firm collects annual maintenance cost as a fixed amount, percentage of trade value, fixed amount per trade etc. Here, Best discount broker in India helps you select the best plan with profitable annual maintenance cost plan to save a good amount of your trading and account operating cost.
Have a look at the feedbacks and reviews made by the real investors and select the most trusted discount broker in India to open the account and to start with trading.
