How Can I Choose Best Discount Stock Broker in India?

Posted by zerostockbrokerage on April 5th, 2021

While looking for the best discount broker, the following parameters should be evaluated:

Cost: Cost is the most crucial aspect while considering the best broker. Low brokerage charges have been provided by many of the discount brokers, however, you should analyse other costs involved as well such as transaction costs, other taxes, and commissions before selecting a broker. Margin provided by stockbrokers must also be evaluated.

Trading Platform: Technologically advanced trading platforms help in carrying out trading and investing hassle free and in generating expected returns with all the advanced features. Thus, while selecting the best broker, you should have a look at its trading platforms and their features in order to make an ideal decision. Go for the broker who provides platforms that can be operated on mobile, desktop and web with excellent features.

Trading Tools: You should evaluate the trading tools offered by the broker such as indicators, charting tools, watch lists etc. since trading tools are an important part of investing that help you in analysing various factors require to prepare strategies.

Education: Education is yet another important factor in which discount brokers can be evaluated. Trading and investing do not come handy and thus require a constant learning process. Investors can choose the discount brokers that provide thorough knowledge and understanding of stock markets of India, trading, mutual funds, investing and much more.

Support: Finally, potential traders or investors should go for the most reliable and quality customer service. Most of the discount brokers offer low-cost brokerage, however, it will become easy for you to differentiate them on the basis of customer service since not all discount brokers excel in providing quality and regular customer car to their clients. Thus, customer care becomes a crucial aspect since there are times when traders will seek assistance or will have doubts at the time of trading.