Before this, we discussed what a stock broker is; today, we will discuss how to choose the best stock broker and how to open a trading account and debit card.
Considerations when selecting the best stock BROKER-
You must prepare the definition of your BEST STOCK BROKER before anything else.
Because every stock broker, in addition to buying and selling shares, strives to provide the best services on his behalf, we can choose the facility we desire from our stockbroker according to our convenience. You may select the TOP STOCK BROKER.
This is the most important consideration; you must first determine the type of facility you desire.
If you are unfamiliar with the stock market, you will likely have a number of questions, to which you can find the answers by consulting a full service provider stockbroker, who also offers consulting services.
Alternatively, if you are a novice and do not offer the consultation service on behalf of your discount stockbroker or low-cost stockbroker, you should consider hiring a consultant.
In this manner
It is not necessary that the stock broker who is best for your friend will also be best for you, which is why we cannot tell you the name of the stockbroker who will be best for you.
Make a list of the facilities and services you require from your stock broker, and then, based on that list, determine which stock broker is providing you with that facility while charging you less. Is,
Here is an example of the list of facilities: HINT
- Background and reputation of stock broker Customer Care Services
- Minimum BROKERAGE FEES should be,
- History and standing of the stock broker
- Customer Service Operations
- INVESTIGATIVE SERVICES
- Consulting and research facilities
- FUND TRANSFER FACILITY
- EDUCATIONAL AND INSTRUCTIONAL
- TRADING PLATOFORM (PC SOFTWARE AND MOBILE APP TRADING)
- NEAREST BRANCH TO VISIT
You are free to switch stock brokers whenever you desire.
There is no rule stating that once you have chosen a stock broker, you must continue to work with that stock broker indefinitely; you may change your stock broker at any time.
Whenever we feel that the stock broker with whom I have an account is not serving us as we would like, we can go to another stock broker, if we so choose, we can close the first account, and you can open an account with another stock broker according to your convenience.
You can open multiple DEMAT and TRADING accounts with different stockbrokers.
Just as we all have bank accounts with different institutions, we can also open accounts with different stock brokers based on our needs.
One PAN card cannot be used to open two accounts with the same stockbroker, but it can be used to open accounts with different stock brokers.
By opening accounts with two different stock brokers, you gain access to two distinct types of services. This is particularly true when you have accounts with a FULL-SERVICE STOCK BROKER and a DISCOUNT STOCK BROKER.
Hopefully, you now understand how to select the best stock broker and make your stock market investment journey a golden one. if you have any question in your mind then you can ask by comment below.