The technology has brought to us the ease of doing business and investment. We have access to several discount brokers who help us trade with small capital. A discount broker refers to a stockbroker who helps individuals or retail enterprises to buy and sell stocks at a cheap commission rate and ensure high returns with less expenditure. They provide stock related information to its client and makes sure that the trade involves minimum risk.
Discount brokers in India carry out the investment deals at cheaper rate and they typically execute the orders according to the wishes of their clients. They operate their businesses online, resulting in low overhead costs. They are also known as flat fee brokers and budget brokers. These firms started business in India in 2010 and started offering their clients a very good deal of discounts and free trading terminals, and today they are one of the most acceptable and reliable brokers in India. In the initial years of establishment, people were reluctant on choosing these brokers for their investments d the entire concept was met with doubts and questions. Gradually, people started accepting it as a flexible option for online investment.
The discount brokers of India are registered members of National Stock Exchange of India Ltd. (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange of India Ltd. (MCX). One of the most important benchmarks that defines the standards of a good discount broker is the margin fund availability and this also helps to determine your choice for the broker. The brokers offer high margins up to 60% even on limited funds. The trading terminals provides an easy-to-use interface for the clients to place their trades. It helps in navigation of securities and determine the price competitiveness.
They provide value low-cost trading and mainly focus on providing value to its clients in terms of price competitiveness, trading platforms, service etc.
The other popular feature of discount brokers is mobile stock trading. They offer portable versions to trade and manage accounts easily. While, investing online, it is also important to compare the cost and trading tools of these brokers. These firms help serve both the big and small investors by providing them trading services at cheap and reasonable rates. They provide free research and educational tools to redefine your market tactics. They offer you various recommendations and stock tips. They help to invest at the right place at the right time. These discount brokers give access to advanced trading terminals, standardized margins, research tools, ratings and data sets and other value added services like Stock Data Bank, etc.
The discount brokers offer flexibility to its users as it provides trading over call facilities. The time period for execution is less. Some top discount brokers in India are Wisdom Capital, RKSV, SAMCO, Zerodha and Trade Smart Online. In the modern era of technology, the online brokers have unbundled the complexities of brokerage services for executing transactions and benefit the customers on the cost-index by lowering the brokerage costs per transaction.
