Top Indian Stock Brokers Reviews Online
There are a number of stock brokers reviews online available today. You will find a lot of websites giving reviews about the stock brokers offering their services online. The whole purpose of giving reviews about these stock brokers online is to help users find the best broker for their investment. To understand which broker would be the best for you, start with the basics. Like different types of brokers available in the market, types of services offered by them, etc.
Types of stock brokers available online
You might be interested in first understanding the basic difference between different types of brokers and what type of investment you are looking at before selecting a particular broker. The two main types of stock brokers are full services brokers and discount brokers.
The discount brokers charge a much lower fee as compared to the full services broker while offering minimum services at a much lower cost. This generally allows the investors to trust him for making quick decisions in real time. The full services brokers offer multiple services apart from just buying or selling of the shares. The full services broker offers multiple services along with the routine buying/selling of the shares. A lot of bank subsidiaries offer the client with a Demat account, a savings account, online trading facilities, etc.
Apart from all this, the full services broker also offers expert personal advice to his clients for investment according to the market trends. The market trends change every second and thus these professionals keep an eye on the market. This helps them in keeping in sync with the market.
Selecting the right broker for your investment
While picking the top Indian stock brokers, you may consider the below mentioned points. It would help you to prepare a track for yourself for this process. Following these points would help you to know if you are moving in the right direction or not.
First understand your investment needs
Before selecting a stock broker, it is very important to first ask yourself what type of an investor are you. In case you think of yourself as just day trader, then you will have to invest for a very short period of time which may last for up to a couple of minutes and even for a couple of hours. As an investor, you need to choose a stock broker who charges a flat commission on all the transactions or a lower fee. This is very closely affiliated to the discount brokers.
Other types of investors buy and then hold the stocks for a very long duration of time. For these kinds of investors there is a very strong need to receive absolutely accurate data within a very short span of time for making the best decisions possible. You will require a stock broker who has some extremely strong and useful execution strategies and the one who clearly understands the long term stock market values, the changing trends and patterns of trading. Indian full services brokers are Motilal Oswal, IDBI Palsa builders, Geojit BNP Paribas, Indiabulls, etc.
Reputation of the stock broker
This is another very important point to emphasise on. You may explore different stock broker’s websites or SEBI’s website to search for the best broker. With the help of reputation research, you would be able to clearly see any kind of issues, complaints, etc. which exist against the broker. You should pick a broker who has a good amount of experience and is knowledgeable about inner workings as well as trends of market.
Cost Efficiency of the broker
There are different types of commission that a broker may charge. There is an account opening fees, maintenance fees, transaction fees, etc. Try to look for someone who charges a low transaction fee in case you plan to trade quite often and a low maintenance fees if you prefer holding stocks for a longer time.
Market research and platform facility
Brokerage is enhancing the capacity of utilising the advanced technology through development of software as well as tools for market research. Operating any account with the stock broker who is knowledgeable about these types of software and tools of market research would offer incentives for the investors to make an informed decision on time for selecting stocks.
Online stock brokers reviews
The online stock brokers reviews help investors to know about the stock brokers. There are millions of stock brokers offering their services online. But obviously not all of them are worth it. So in order to find out which broker is good enough to work with, these online reviews prove to be quite helpful.
There are a number of websites which offer reviews about the top stock brokers. They review different online brokers. They cover all the brokers who support stocks, ETFs, options, IRAs, mutual funds, bonds, 401ks, and other such investments. There are different types of stock brokers who also support futures, forex as well as commodity trading which comes under “Trade Types” category within every review.
The aim of these websites is to offer an in depth review about the online broker and the robo advisor so that the investors find an efficient broker and advisor for fulfilling all their investment needs. They have a dedicated team of professionals who test and analyse all these brokers on various variables that formulate their ratings for different categories and scoring for the Annual review. You will find the complete list of online brokers who would be suitable for you.
These websites compare the brokers on different variables and thus some broker is good in terms of some variable and the other maybe good in terms of other variables. Thus, they are helpful for each type of investor. Whether you are looking to invest in stocks or IPO, you would find these reviews to be quite helpful. So just read the reviews and choose a good broker for your investment who would be able to fetch you wonderful results.