Over a period of time we have seen a pattern & after analyzing 100’s & 1000’s of data points, during this period we have observed that there are only 5 traits which any client lookout for while choosing a right stock broking company. We have made a ranking & point system for all these stock brokers covering these 5 major factors. Let’s discuss about these five factors before finalizing a stock broking house:
Research, Advisory & Stock Tip Review
It is every client’s dream to find a broking house with the best research & advisory team who can predict all stocks performance perfectly. It is quite impossible to find anyone like such as all brokering house sell themselves as the best research firm but only few truly deliver about 40-50% accuracyn on their stock tips.
Brokerage Charge & Margin Fee Review
Again an extremely important trait. Many clients choose to go with this part of brokers as they don’t want to give out high quantity of money as brokerage to the third party company. Too much of brokerage concerns have given rise to discount brokers & they are extremely useful for traders community as earlier they had to pay huge money as brokerage but now it has reduced to 1/5th of the amount.
Product & Service Review
These two features of any stock broking house play a pivotal role in driving business. All major complete service brokers provide many products & sets to their clients which help them to manage their investments. All discount brokers provide most of the products obtainable in this industry but they don’t provide any sets & that’s why they charge very low brokerage from their clients.
Trading Platform Review
Another very important product to look for while choosing a stock broker is trading platform. Choosing a good trading platform is very useful; a poor trading platform can rule to a lot of opportunity loss due to error or low speed while placing the order or without of efficiency. Also, it is very important to understand that stock broker must provide trading tools which works with all devices. Other important characterize needs to be present in the trading platforms are examination tools, charts, real time data streaming, speed, stock recommendations, watchlist etc.
Every stock market investor must keep in mind that the broking house they are choosing must have very good experience in the stock market sector. This is one of the most basic factors as it gives a lot of confidence to the investor whether their money is going in the right hands. An experience stock broker will be able to predict the market well and will also have very strong risk management skills. An experience stock broking house will always be worth taking risk with as they have seen every ups & downs and understand how to deal with all kind of market related issues.
We can now conclude with the top 10 stock brokers in India
List of the Top 10 Stock Brokers in India:
- Kotak Securities
- ICICI Direct
- Angel Broking
- India Infoline
- Motilal Oswal
- HDFC Securities