Today, many people are investing in shares and stocks because they earn higher rate of returns. Although, the share and stock prices are subjected to market risks, the returns are higher. The broker usually provides services to the investors such as opening account, maintenance of account, updating information, generating reports etc. So, the investors pay some charges to the brokers. But, today most of the brokers are available online and they do not provide many services. The investors can independently handle their own accounts and update information about the share markets using online tools. So, the brokers provide part-time services and today discount brokers are preferred by the investors. So, the investors should find the best discount brokers in India who charge nominal fees, but provide several online facilities.
The discount brokers in India
Earlier the brokers usually charged more fees because they provided them full-time services. Today, the brokers provide a platform to the investors and do not perform most of the services. So, they charge some nominal fees. Today, many individuals provide part-time services to earn additional income. So, the investors should be aware of the background of the brokers so that they can earn profit and also enjoy different facilities. These discount brokers should be registered and should be the members of stock exchanges such as NSE, BSE, MCX, etc. They should also know the rating of the broker and should view the reviews about them.
The brokers today usually charge flat brokerage fees to the investors. So, the part-time broker is preferred than the full-time brokers. Today, many discount brokers are available in India today. They provide different online features to the brokers such as the inbuilt scanners, historical data, real-time quotes, EOD reports, heat maps and market watch lists etc. Many standard discounters and deep discounters are also available. The deep discounters offer more than 60% low brokerage charges than the traditional brokers.
The discount brokers provide several services to the investors such as sharp in-built features, stock quotes, current dividend, better charting tools etc.
The discount brokers provide discounted commission to the traders or brokerage companies for executing orders to them. So, they can buy and sell shares in the market at a lower brokerage costs.
The stockbroker is the registered members of the exchanges and they are provided with license to participate in different activities. Some of the best discount brokers in India are Wisdom capital, zerodha, RKSV, SAS online, Trade Smart Online etc.
Why many people prefer discount brokers than regular brokers? Many people use internet today to perform any task. So, they prefer to invest their money online and use different online tools to track their account. So, the discount brokers do not directly provide them services, but they provide some online tools to track their account and different reports. So, the investors need not pay higher brokerage charges or any hidden charges to the brokers because they independently operate their account. The online brokers provide them wide range of internet-based services. Also, they are provided with mobile trading apps, driven trading terminals, etc.