The whole objective behind creating this website is to provide an unbiased comparison platform to compare the brokerage charges,Trading platforms of different brokers so that they can take better and informed decisions when it come to online stock market trading.
In order to become a successful trader one of the most important component is selecting a broker who suits you purpose.A proper is the one who will help you achieve your financial goals,so if you are not selecting your stock broker properly , it will eventually become very difficult to achieve those financial goals.So it is very critical to pick a proper online stock broker with proper comparison,review and research. normally any trader will incur transaction charges when they are trading in the stock market,its called the brokerage charges.The brokerage charges that you pay to your stock broker will play a vital role in your success as a online trader.The charges that you pay will normally go from your profits or they will add on to your losses.So keeping your transaction cost low it the most important thing that you should be focusing into.Once you get associated with a broker then its very difficult to change the broker because the closing formality and all is too cumbersome.So the best thing to do is to collect all the possible data from the stock brokers websites or use our website for a legitimate non biased comparison.Why i am stressing so much on comparison because once you compare the online stock brokers and their trading platforms you will come to know how to select one which is best and cheapest for you.
Types of Brokers In India:-
The full-service category includes traditional stock brokers like icici, sharekhan, kotak, Indiabulls,anand rathi,motilal oswal,india infoline,religare and others. They provide a variety of services, such as personal advice, retirement planning,stock advices,insurance and tax tips. Full-service brokers offer a wider selection of investment products such as derivatives, mutual funds and insurance, as well as access to the company’s research. All this comes with a hefty price tag. Full-service brokerages are expensive, with commissions around .01% to .07%. Furthermore, full-service brokers make money based on how much you trade, not the performance of your portfolio. This can lead to your full-service broker advising you to trade when you don’t need to or giving you a stock tip just to increase your trading volume. When this becomes excessive, it is called churning and most of the clients with the full service brokers complains of over churning of their portfolio or trading account .Which is not at all healthy for the clients .
Discount brokerage charge a reduced commission or a fixed commission per trade and do not provide investment advice, they have one or very few branches. The best-known discount brokers in India are are Tradejini, Zerodha ,and RKSV there are also few smaller players in market as well,but based on the turnover these three are the largest. Fees are kept low because discount brokers offer fewer products, fewer employees, no advisory team.. The business model is built on having an effective system and high quality technologically driven . service in order to put through the most of the trading volume. Lately they are becoming very popular in India as more and more people have access to broadband and many people try to invest using there own knowledge.