A stock broker is an individual who are licensed by SEBI to participate in the stock market on behalf of the clients. The stock broker plays the role of an agent. Working as an agent means that the stock broker will buy the shares on behalf of the client and will sell them on his behalf. Every time the stock brokers buy or sell the shares, they ensure that the best price is obtained for the clients.
If you are a beginner in stock
market trading it is important for you to find a good stock broker who can
guide you with your investments.
There are two types of broker-
full-service broker and discount broker.
A full-service broker provides a variety of services apart from providing just a trading platform. The variety of services provided include research reports, call n trade facility, advisory services, personalized and trained dealer to name a few.
A discount broker provides its clients with an online trading facility. Such brokers either do not provide additional services or charge separately for them it provided.
Below is the list comparing 5
best stock brokers both full-service and discount brokers in India so that you
can choose the one that suits you the best.
Before choosing a stock broker
and trusting them with your hard-earned money, make sure you conduct a detailed
study at personal level. First step is to decide whether you want to go with a
full-service broker or a discount broker. After finalizing that, make sure to
compare best stock brokers on various aspects like brokerage charges, demat
account opening and AMC charge, call n trade charge, are there research reports
shared, do they provide the advisory services or not and much more.