Online brokers work out to be a viable solution for all individuals who look to manager their own portfolio, rather than allow someone else to manage things on their behalf. In the modern time an investor can buy or sell stocks with the click of a mouse, rather than paying the hefty commissions that most of the brokers end up availing. But with numerous brokers out there in the market, the key is to figure out which online discount brokers India to choose. In your quest for choosing an online broker there are some pointers you need to keep in mind.
Conduct research at your own end
Better news for the investors is that there is no shortage of information as far as investors are concerned. Though the bad news is that filtering through this numerous information could be a difficult task. The online discount brokers go on to provide information for free, but still the quality along with quantity of research varies. As an inexperienced investor, you need to figure out whether the information that is provided by the broker should be of use to you.
What are the fees?
Once you invest the key is to make money and you need a return for each penny you put into the business. News that deserves special mention is that of late the fees levied by the discount brokers have come down at a drastic level. Though the basic rates of commission are known to vary from one broker to another. There are some brokers who levy hidden fees on their transactions, so you need to keep a watch out for them.
Cash in on the mobile platform
As an investor you want steady access to your portfolio and what better option than a mobile app. By this app you can figure out a new trading idea during your lunch break. As an investor with the power of technology you are abreast with the latest changes of the technological world. This means that you have access to your portfolio even when you are on the move.
Do you adopt a strategy to be investing in margin?
If you are an investor who is planning to consider investment on a margin, the rates of margin can be serious. This can start off with 1 % and can go as high as 10 % once again that is dependent upon the broker and even the size of the account you are holding. Any market gain from stocks could be offset from margins, so if you are investor if you are looking to make money, on trades then margins are a pointer to consider.
Figure out the reviews
Just as the case with any service or product, customer services are an indicator whether they are performing on the anticipated lines. A lot of brokers might end up providing you with flashy websites, but very few of them go on to provide you with personalized and top quality services.