Another observation from last week's research after making around 15-20 calls to different Brokers and Sub-Brokers; as far as Discount Brokerages are concerned, no matter whatever the service quality, Zerodha is still favored the most, if not
@Zerodha then
@RKSV. That's the general mentality! The field is more of salesmanship-networking-marketing rather than providing resource-worthy infrastructure. Unfortunately, I see that even people lose money because of poor services; they ill-talk about them but still do not abandon them and continue their services. Isn't it that hypocrisy?
Brokers now have Teams of Marketing soothers who are trained to make you feel good even when you loose money because of their OMS/RMS. Wonder why not shift focus fiscally towards technology?
Starter Brokerages don't even know what they are missing, instead they pester to "Open an Account", that's all! And those in Business for more than 3-5 years either are least bothered or have an extreme degree of egoistic attitude that the whole Universe's epicenter begins and ends at their firm/or their (often outsourced) products only
As a serious responsible retail trader whom would you choose?
@Newbie Day-Trader gr8 post brother, couldn't have said better myself...... Day trading is hard from all aspects and our Broker's poor OMS/RMS make it even harder. Shorter time-frame Trading depends all on Execution and we get "Royally Sucked" at that very juncture
Senior Day-Traders I humbly request you all to enlighten me!