Once you have decided to invest in the stock market, you will immediately have to select a broker for it.
Primarily, there are two types of broker one needs to select from. The two types are:
Full – Service Broker
A full-service broker is a type of broker who offers complete financial planning services, portfolio management, wealth-management and stock broking services for its clients.
Discount Broker
A discount broker is a type of broker who simply offers stock broking platform at a fixed commission scale.
Before you proceed, look at the differences between both types of brokers,
Full-service Broker
Brokerage - Typically charges a percentage of trade value as brokerage. May offer lower percentages to high volume traders.
Brokerage Charges - BROKERAGE CHARGES are 0.25% - 0.75% (Approximate)
Services - Broking Services, Research, Wealth Management, PMS, Depository services etc.
Suitable for - Traders and Investors who’d like specialized research or guidance regarding investments.
Physical Presence - Anytime and anywhere motto. Available in multiple locations.
Customer Service - Email/Call/Branch Servicing/Doorstep servicing etc. Offer dedicated RMs for clients.
Examples - Choice Broking, Motilal Oswal, ICICI Direct, Kotak securities etc.
Research - In-House research
Discount Broker
Brokerage - Discount as in Flat fee for a trade as Brokerage.
Generally ₹10- ₹20 per order.
Services - Trading Platform.
Suitable for - Good for traders who use their own research for trading.
Physical Presence - Zero branch offices.
Customer Service - Online services email/chat/phone, No RM services.
Examples - Zerodha, Upstox etc.
Research - Tie-ups with 3rd party research providers like Morningstar etc
Discount Brokers are basically technology companies offering a platform. Sure, if you just want to punch-in your trades and just need a platform for that, then discount broker is fine but if you would like to have the best of everything then you should choose a full-service broker.
Full –service brokers have huge teams and have grown organically over the years. They have survived all kinds of markets and yet have managed the loyalty of their users.
Full-service brokers have significant advantages,
Some advantages,
- Reliable Research
- Support team to fall back on
- Trading and investment calls
- Comprehensive Research Reports
- Portfolio Management Services
- Customized Service accommodated
- Backed by Industry experience
We lead buys lives and most of us have invest/trade as a potential second income option. We have full-time jobs and can’t find enough time to do the required research and due-diligence ourselves. This is where the FULL-SERVICE BROKER comes in handy. The research team does that for you and provides you the research for free. You can use the tips and build a portfolio and on the way to generating wealth!
Why Open A Free Demat Account Online With Us?Low BrokerageLow brokerage charges; as less as 2 Paisa*.Free Call for Trade FacilityOur customers can opt to execute trade over the phone free of cost.Earn More from ReferralsA rewarding referral program that can contribute to a lifetime source of earning.Technologically Advanced PlatformTrade via the website or Android and iOS App with state-of-the-art features.Paperless Account OpeningInstantly open a paperless Demat account online within 5 minutes.visit us at: https://choicebroking.in/open-demat-trading-account
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Ambrain Capital is one of the leading capital market companies in India, providing wealth management, stock broking, corporate finance, investment banking, financial advisory, financing services.
We help investors in establishing their monetary goals and provide actionable insights that would help them in realizing their objectives.
The company is founded by Mr. Shyam Sunder Singh, having capital market experience of over a decade.
