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Category: Stock Broker

How to choose a right stock broker ?

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How to choose the right stockbroker? check important parameters.

a nifty friend developed and designed for Indian traders/NRIs to increase their knowledge of about Indian stock market, brokerage charges by comparison and reviews of brokers based on brokerage charges, transaction charges, and other charges like other hidden charges (like DP charges, call and trade charges, fund transfer charges). Our basic motto to provide transparent information about brokers to investors and guide traders better before starting trading or existing trader can choose their best suitable broker which fulfills their trading suitable broker so new high may achieve with their successful trading carrier. However, before starting the account open we advise reconfirming the brokerage and other term conditions from a respective broker because the same may be changed from time to time. And we are also concerned about regular basis update the plan and offers.


1. Brokerage Charges:

While choosing a broker brokerage charges are a most important part of a broker because the broker gets profitable applying brokerage charges. There are fixed/flexible (means percent basis and flat/fixed charges) brokerage charges policies by brokers. Based on this parameter there are the best four recommended given as opposite sites.
Trading platform/mobile trading platform: nowadays there are Indian share brokers having platforms traditional like NEST/Odin however some broker examples like ZERODHA (Bangalore), is providing discount/fixed brokerage and also facility client many autos built (own built platform free of charges imaging trading features like advanced charting with auto-execution strategies which can be applied post back end practice for auto buy/sell trading symbols.
Margin Policy: Some traders like good margin policy mean high leverage trading and it is important that if flat broker/discount broker provide less brokerage trading their policy on margin also more secure type however some discount broker like ZERODHA , RKSV (UPSTOX) and Fyres also have a clear policy on script basis and daily basis update available on their website depend upon market volatility.

2. Transaction Charges/ Other charges:

This charge is applied by the respective exchange (BSE/NSE/NCDEX/MCX etc.) and based on turn over exchange fix these charges. Some discount broker provides very fewer brokerage charges however trader should also check transaction which is managed on the total turnover of trade.

3. Order facilities:

Type of orders which provide flexibilities t traders according to their trading style day/delivery like online/offline order facilities. Nowadays some brokers provide the most advanced order facility like trailing stop loss and target order same margin which secures day trader and freedom

4. Transparency/support:

Support on-time and usability is important to factor to be confident to the trader
or herewith Indian market brokers comparison for Indian trader to choose their best, low and cheap brokerage and trading platform. Our aim is to provide retail traders with their most trusted broker for cutting-edge technology fewer brokers. Especially now discount brokers,s has joined the Indian stock market with all segments. We tried to understand Indian investors,s to their broker,s trading facilities, and other news of the stock, commodity market.

we tried to provide the best information for traders and investors, who wish to improve their knowledge concerning the. here we provide a platform to reviews available Indian stock brokers’ brokerage plans and unbiased reviews of the service provided by the Forex brokerage companies. Moreover, the respected outlooks of the market experts, traders’ reviews, and ratings from the independent specialists will help you form your own objective evaluation of the broker companies of interest and their activity.
Nifty Friend is designed to assist those people, who would like to yield a high return when trading, but meanwhile can not afford it owing to lack of knowledge or time in order to trade successfully. We’ll assist you to understand the features of the operations in the forex market, to feel its dynamics and sales environment’s character before you open an account and start to trade. Possessing the necessary information and experience we’ll be able to turn the current state of your affairs for the better.

About The Author

Ram Singh

Hey Investors, I have more than 13 years of experienced day trader and investor in stock market. Now I would also like to my views with stock investors.I love to spread free education for newbies.

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  1. K soni

    knowledgeful article about stock brokerage charges

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