Few parameters to select a reliable broker would be
1. Nature of software-For a daily trader the minimum the software should have candle stick with 5 mins to 60 mins,indicators such as ADX(D+ & D-),SLOW STOCHASTICS ,williams. (If these 3 indicators are there then all the prevailing indicators in the market will be there).
2. Does the broker interact with with you on apersonal level or he has a team of employees. If the broker interacts with you , then he will be involved in your activities. To achieve this visit a broker who may at the most have an office assistant & not a pool of employees.
3. iDEALLY THEY CANNOT SAY, MIN TRADING CAPITAL SHOULD BE XXXX + ADVANCE BROKERAGE.iF SOME BODY SAYS SO, LEAVE.
4. bROKERGE is usually 0,05% to 0.03% + STT & GOVERNMENT LEVIES.eVEN IF YOU HAVE TO SETTLE FOR 0.05%, DOES NOT MATTER AS LONG AS THE other 3 points are in your favour.In my case, I found the 3 points in angel broking & now I am negotiating for alower brokerage of 0.03