Investment means spending your money on something that is expected to give returns in future. Traditionally investments stick to only real estate. People earlier had farms or a plain land as their form of investment. But as the time and needs started increasing people started looking for new mediums of investing. As the types of investment increased the number of investors from past decade has also increased. Investing has a preceding step known as saving. Without saving no investment can be made. A person earning from his/her business/ job cannot spend all his earnings for investment. Obviously he will start saving a portion of that earning time by time and when the savings can fund his/ her investment budget, they will make the investment.
Who places the trade in the stock market? Not the investors. Investor role is just to place the request of the trade for a certain quantity and for a certain price. The trade is further placed by the discount broker. Traditionally discount broker used to be a person who places the trade on behalf of the investor in return for a commission. This commission is known as brokerage. But in modern times this task is not done by a single person, instead corporation has come into picture. They make use of trading platform software to achieve the best price and high quality information. The most frequent question asked by people which is the best discount broker in India? The answer is it depends on various factors:
- The brokerage broker is charging
- The time taken by trade to get placed.
- Other charges taken or charged
- How good the interface is
- What are the other features provided by the interface of the company?
It is tough to rank a particular discount broker as the best because every discount broker has its own advantage over others. It also depends how people rate their services. If people like it that discount broker will automatically come in the lime light. Customer satisfaction is the key to be the best, once public is unsatisfied with the services that broker will not remain in the picture. This calls for continuous evaluation of services provided.
Earlier the role of discount broker was restricted to placing the trade. They didn’t analyze the performance neither gave any investment recommendation. But with the advent of time and increasing competition the discount brokers started managing the investment account of the investor. They not only give recommendation but also tell the overall value of the portfolio and the daily gain/ loss. Investor can analyze a particular security by the use of the broker software. Every detail related to the quantity, price and date of purchase/ sale of the security is also mentioned. It is basically a step to get all the procedure of investing done under one roof. This has helped increase the customer base and a great investing experience. Still it is difficult to tell which is the best discount broker?