The work of a broker
is very important in the stock market, the stockbroker acts as a link
between the stock exchange and the investor. Without a broker, no
investor can put his deal in the stock market. 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 advisory (ie when to buy which 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 much cheaper than full-service stockbrokers.
Discount stock brokers allow their clients to buy and sell shares
with very low brokerage. Discount stock brokers charge less
because they do not provide stock advisory and research facilities to
their clients. And they also have offices in some big cities. Their
work is more online, the work of opening their account is also done
online, so their fees are less. There are some popular 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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