In the domain of financial markets discount broker is a new concept that has emerged of late. The companies are growing at a rampant pace as they offering low rates of commission. Below we are about to glance at the top 10 discount brokers in India there are some pointers you have to consider.
More about a discount broker
A discount broker would help you to buy or sell shares in a stock market but this is much less in comparison to the commission levied by the other class of brokers. Most of the brokers are likely to follow a do it approach model without any form of assistance that is not provided by anyone. But of late some of them have gone on to provide additional advisory services.
They go on to offer the online portal of registration where you can trade with an online account. For experts at trading this is one of the best forms of trading, but for someone who is a novice at this field this might not seem to be a reliable method of trading.
In recent times a lot of companies have gone on to emerge as discount brokers and they have gone on to do good business. In fact they have gone on to attract new and fresh customers for the business. The best thing about a discount broker is that they go on to provide cheap brokerage plans where they go on to levy a fixed charge to the customers. The charges tend to be fixed irrespective of the volume and quantum of trade. Because of the unlimited fees they are also termed as budget brokers. It has to be said that the discount broker did not emerge a long time back in India as they rose in prominence in 2010.
But ever since they have been launched they have taken the financial world by storm and for this reason people have left behind traditional brokers and moved over to this system of broking. It has to be said that this new system of broking has been a blessing in disguise.
The services charged by a discount broker
As stated time and time again discount brokers levy cheap brokerage charges and this is one of the major benefits that a customer can get. Though at the same time they are not into providing specialized services for the clients like consulting or real estate deals. They just provide you with a platform to trade as it saves on the operating and maintenance costs. The best part about a discount broker is that they provide you with an user friendly platform that enables you to undertake business in an easy manner. This works out to be the pulse of the business.
In the market there are plenty of discount brokers and the choice of one becomes a difficult task. You need to undertake a proper research or avail the expertise of anyone who has gone on to avail their services in the past.
