Thinks to be Considered Before Choosing Your Broker

How to check your brokers before investing?

There are end number brokers available in India, and its very challenging for a new trader or investor to choose his or her cup of there from the crowd.

There are two type of broker one is full service broker another is discount broker. Before chose the right one for you should consider your trading style, investment capacity, lived real time charting or latest updated very light weight software facility.

Here we are sharing some key points before chose your brokers

Full service broker making business from earlier stages and they generally charges brokerage very high Generally full service or traditional brokers business model were educating market knowledge, Margin Trading, market news and trading ideas and retirements planning in same platform On the other sides discounts brokers doesn’t doesn’t offer any trading ideas but offer a very low brokerage where a trader can take very high risk with a very low stop loss and if the SL triggers by his or her own trading strategy resulting a very small costing as the brokerage only rs 20 flat.

Costing of Trades:–

you should be very cautious before choosing a broker behind all your trades whether any hidden charges or not. The T&C. Look into very carefully. Fee structure Should not be so complex so that beginners face a little challenges to understood . There might be hidden charges like money withdrawal fee, margin trading interest rate, confusing STT, that should be very transparent here every rupees matters if you save a rupees that’s means you are earning a rupees.

Software and Technology:-

The intraday trader should be very agile and to support them they should have very smart system which should be very lighter and faster and compatible with their trading style some broker charges very light software.

Your Trading Style:-

before choosing your broker you should know your trading style whether you are long time investor or intraday trader . if you are a trader you should opt a broker who charges very low brokerage because your brokerage can take away big bite of your profit . you should know very desperately which broker gives you the low brokerage and high leverage?

Market Awareness And Knowledge Sharing:-

before investing in the market you should be beery well aware of the market sentiments and emotions which you will create after several years of experience by your curiosity because our main steam education system gives a very little knowledge about the financial markets. You should opt a broker who will give you enormous knowledge sharing of news and sentiment of the market rules and regulation of m effective sharing on live markets would be very beneficial for a day trader.