While we are busy earning breads for our family, there are people who manage our earnings and investments for us, with a hope to gain profits through the transaction between the clients and businesses. There are several thoughts that come across our minds when we choose our brokers, what qualities does the broker possess, the strategies that he has, what exactly is he engaged in and how to recognize a good and efficient broker. A stockbroker is a person who has extensive knowledge in finance and who plays a very important role in the stock market.
The major task that a broker does is to advise people and enterprises with less or zero experience in finance management and investments about various types of operations to be carried out in the different financial markets. In other words, we can say that a stockbroker is a mere intermediary. He is a person who between the broker and the investor who is interested in buying and or selling stocks. Therefore, the stockbroker is the person who, through his advice on finances, tries to offer the best returns to his clients.
The discount brokers provide cheap brokerage plans, online to the retail and corporate organizations. The top 10 discount brokers offer its clients various plans of profits. These preeminent discount brokers or better to say brokerage services provider firms in India have innovative and staggering offers for brokerage-free equity investments, retail, currency trading and mutual fi that are profitable for the clients. They are usually the members of National Stock Exchange of India Ltd., Bombay Stock Exchange, Multi Commodity Exchange of India Ltd. There popular zero brokerage plans, makes them the best in financial services sector. They provide trading facilities across various trading segments.
They are equally responsible for the management of purchases and other things carried out by his customers. This means that the work of a good stockbroker begins when one of his clients buys an asset and ends when he sells it and finally, permanently closes the operation. The discount stockbroker not only intervenes in the sale of assets like shares and in the management of securities, but also collaborate in the placement of new investments in the stock market. When a company wants to start trading on the stock exchange, they contact various brokers, who is in charge of finding eligible buyers for their shares. This mediation helps the operations and deals to take place within the limits of legality and in the best possible conditions for both parties i.e., buyers and sellers.
Before investing in the stock market, it is important to have prior knowledge of it and some research only adds up to the leading advantages. The recent surveys have shown affinity for some topmost discount brokers. They are as follows:
- Wisdom Capital
- RKSV security
- Trade Jini
- SAS Online
- Trade Smart Online
- Tradeplus Online
- Ventura Securities
These discount brokers also hold a reputed and respectable position among its traders and clients. The no hidden cost policy and depository services benefit the smooth trading experience