Today’s world is completely digital and even Trading in stock market platforms offer internet trading facility. Paying high brokerages makes little sense. A Share broker in Cochin with good technical knowledge is far way better than a full-service stock broker with lesser knowledge. When a person’s current objective is trading then he should look out for a broker with high level of service standards. With a detailed study on the robustness of the trading platform and the mechanism if in case of a failure of the internet should be noted before stepping into demat account.
Banks offering broking services generally get away by charging very high brokerage as they claim to offer seamless service. Currently almost every bank offers internet banking services where a client’s account is pinned to his broking account and can trade from his home itself. Just like any other business, in investing and trading too, keeping low cost will help to earn higher profits.
Almost every brokerage firms in India claims and thereby lures the customers by claiming that they provide all in all financial products and solutions for their clients which include , equity trading, portfolio management services, insurance along with loans. All these come under the umbrella term wealth management and would charge for these services. Should make it clear that what services you need and there is no need to pay for the services that are not needed for you. The customer is the king and thereby the main focus of opening trading and demat account with a stock broker should be for equity trading and investing.
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