The work of a broker
is extremely necessary within the stock exchange, the broker acts as
a link between the exchange and also the investor. Without a broker,
no investor will place his deal within the stock exchange. If you
want to step into the stock market, you need a Demat account and a
trading account, and both of these accounts can be opened by a
stockbroker. It is also the job of any stockbroker to take the order
of buy or sell by any investor to the stock exchange. You must be
wondering if the stockbroker charges all these deals? So yes
stockbroker charges you a fixed fee for each order which we call
brokerage (brokerage). Friends brokerage every stockbroker is
different. It depends on you
stockbroker how much
brokerage he takes.
There are two main
types of stockbrokers based on the service offered by the stockbroker
in India.
1. Full-Service
Stock Broker
2. Discount Stock
Broker
Full-Service Stock
Broker:
Full-service
stockbroker fees are very high. The main reason for this is that
full-service stockbrokers provide a lot of service to their clients.
Such as stock consultatory (ie once to shop for that shares, when to
sell), the facility of margin money to buy stocks, the facility to
trade on mobile phones, the facility to invest in IPO, besides the
customer service of full-time stockbroker is considered very good.
They all have brokers or branches in many cities. Some of the most
popular brokers in full-service stockbrokers are - ICICI DIRECT,
SHERKHAN, HFL, HDFC SECURITIES LTD, etc.
Discount Stock
Broker:
Friends discount
stockbrokers are less expensive than full-service stockbrokers.
Discount stock brokers allow their clients to buy and sell shares
with a very low brokerage. Discount stock brokers charge less as a
result of they are doing not give stock consultatory and analysis
facilities to their purchasers. And they also have offices in some
big cities. Their work is additional on-line, the work of opening
their account is also done online, so their fees are less. There are
some well-liked discount brokers in India - ZERODHA, SOUTH ASIAN
STOCK LTD, MASTER CAPITAL SERVICES LTD, etc. Get Expert Advice on the
Indian Stock market. Invest right and build your wealth.
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