Who is a stockbroker?
by Sharebazar Online Online Share Trading Comparison in India | Find BeA
stock broker is a professional who executes buy and sell orders on behalf of
clients for stocks and other securities, usually for a fee/commission.
Stockbrokers are generally associated with a brokerage firm and handle
transactions for retail and institutional customers. Brokerage firms are also
sometimes referred to as stockbrokers themselves.
The benefit of stockbroker
● Advice - A stockbroker offers
advice on how to invest, grow, manage and maintain your money.
● Trading - He will execute
trades for a client
● Keeps Records - Brokers keep
records of trade confirmations, statements, year-end tax reporting statements,
and any activity in an account.
● Guide and Help - Stockbrokers
provide insight and help a client learn about the advantages, disadvantages,
risks and rewards.
● .Rules and Regulations -
Stockbrokers must adhere to certain rules and regulations.
Kotak Securities
Being
one of the most prominent names in stock brokering, Kotak Securities definitely
has its advantages. Leveraging its banking services, Kotak offers an array of
trading platforms. Clocking in more than 500,000 trades every day, Kotak has a
presence in over 360 cities in India with over 12000 branches spread across the
country.
As
Kotak is such a large company, its service charges a relatively higher.
Kotak
Securities also offers its client with an online trading platform in a mobile
trading application called ‘Kotak Stock Trader’ which comes with great user
experience and a large number of additional features.
Zerodha
Recognized as a
discount brokerage company, today, the company is popular for its immense
product innovations and decent digital initiatives. They empower digital share
trading. Zerodha has different trading platforms to implement stock trading. It
also provides guidance on share trading.
Edelweiss
As a
part of the Edelweiss group, Edelweiss Broking Services Limited is a leading
financial services company providing its clients with a range of products and
services across institutional, retail and corporations.
Employing
around 6200, Edelweiss has a client base of around 900,000 serving across 237
locations in 120+ cities of India. Edelweiss acquired J.P. Morgan asset
management company in March 2016 to widen its coverage and hold in the
commodities segment.
Though
brokerage firm was among the first ones to bring online account opening, we are
still to more technological improvements in other areas.
5Paisa
5
Paisa is one of the chief stock brokers in India. As a name says it aims to
offer low brokerage charges. These are stockbrokers who cater to trading
services even on much lower brokerage rates than 5 Paisa itself. The account
opening fees are merged with the fact that the first five trades are free of
charge with it. Their lucrative schemes are to attract more trades
Sharekhan
With
around 5% market share and around 12,00,000 clients, Sharekhan is the 4th
biggest stock broker in India. Founded in 2000, Sharekhan has a network of 2300
sub-brokers and franchises across 575 cities of the country.
Sharekhan
has some unique offerings in its brokerage plans for both pre-paid and postpaid
terms.
Sharekhan
is known for its trading applications including Trade Tiger and that is
suitable for intermediate to advanced level traders.
So why don’t you go ahead and invest
in the share market today?
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Created on Apr 26th 2019 07:21. Viewed 319 times.