Who is your Broker ??

#1
Hi everyone...

This question may be basic, but being an investor in stocks for several years when one talks about a reputed broker I tend to relate to 'physical' brokerages of the past like - Geojit, Motilal Oswal Etc. - or the big entrants of the internet era like ICICIDIRECT...

Even though there were Sharekhan and HDFC, market regulators were choosey and strict in not allowing too many players..

And now when I am looking for a new broker I am so confused with the number of brokers ..
unlike earlier every one offers every segment.... our choice of brokerage... choice of platforms and so on...

At first I was wary atleast of the so called 'discount' brokers (not long ago, we do not even encourage large sub brokers), but I was surprised that every discount broker has a branch in ever area of my city..,


To make things worse there are rankings where only new brokerages feature in the list... ICICI etal are not even in the list...

Well.... where do I start?
Can I give even weightage to all these firms and evaluate...

How do you guyz choose your broker... I 'm curious...

Cheers...
 

narangji

Well-Known Member
#3
Big Brokers = very expensive but your money is safe
Discount brokers- low brokerage but your money is more risky


TSO ZERODHA SHERKHAN , i have psoted my thread regarding choosing a broker. check it out
 
#4
Interactive Brokers is a US giant broker who is now in India, offering services with competitive brokerage fees and one of the best tools for online trading, free great charting facility and free use of their API for complete automated trading. You can have your strategy program on IB API and trade 100 % automated. Automated trading ensures discipline and risk management. (No manual / human emotions)
 
#5
Hi Ankur
Please post details about Interactive Brokers, their brokerage plans, their trading platform, charting facility etc etc. Can I have a demo of their charting facility. Thanks
 

Striker

Active Member
#7
Please don't make the same mistake as most traders to choose discount brokers. There are many instances where their money is placed at great risk. Also they have little or no market knowledge. It is a game of reducing quality of services to provide cheap cost. Little to no safety..
 

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