Lowest Brokerage Charges
When you are interested to trade & do not have sufficient information about the online trading, it is obvious that you will get carried away with the plethora of trading options available in the market. You will find almost all the brokers lucrative & eventually get confused. On the worst case, you may have also gone a step ahead in finalising one & started trading. But to the shock of your life, you realised that you have been charged additional. There has been few hidden charges that you are just not aware of.
There is a great possibility that you may have been attracted by the advertisement “Lowest Brokerage Charges” & without a second thought fallen prey to the investment. It is imperative that when choosing the right broker for "lowest brokerage" trading, the most significant difference is that the brokerage is charged per trade. The other important factor is the transaction charges which usually differs and that not every broker is charging the same transaction charge. It is generally charged basis on per crore. Furthermore, the rate of transaction also differs by the Security Exchange and the trading segment. You’ve also got be very careful in reading all the connected documents before beginning to trade.
In the recent years, brokerage Industry has witnessed a complete transformation in the Indian Finance market. The brokerage firms are embracing all the possible technology advancement and offer better customer support. In this competitive market, it is becoming very difficult in choosing the best fit broker. Every new entrant of Brokers are first working on the market analysis, working on the competitive advantage & offering solution related to competition in technology space, new strategies and advance use of digital technologies (mobile, web & computer).
In context to this, we have observed a major move of investors/ traders from traditional brokers to discount brokers considering this competitive advantage. If we compare competition and the offers in discount brokers, all are giving almost similar/ at par services.
In case you are a frequent trader or investor who invest several times in a month in equities or derivatives, your brokerage charges might become a costly affair. You should have a good market understanding & be smart in choosing the most appropriate demat account or else you may have to end-up paying a high fee and charges for each transaction. Different charges are applicable for opening and maintaining a demat account.
