If
you are planning to invest in the stock market and other derivative
products you need to first open an account with the trading broker who
facilitates you a platform for your trading activities in the investment
market. However, as there are more than 100 brokers in the industry it
is often not easy for a novice to find one that best suits to their
investment interests. Doing research on each and every broker before
finalising one surely takes lot of time and efforts for you to open an
account. Instead you can check out for the third party review portals
like the brokingadvisor.com that facilitates you a common platform to go
through reviews on every broker and also compare their services side by
side to choose one that best fits your investment needs.
You can find the portal categorising the brokers into different segments like full service brokers, trader friendly brokers, mutual fund/IPO brokers, investor friendly brokers, popular brokers, mobile trading brokers, top 10 brokers chosen by clients etc that makes it easy for you to choose the one for opening your broking account. You can also compare three brokers at a time find the services and features offered by each to make your choice. In case, you have shortlisted Edelweiss, Motilal Oswal and India Infoline, you can have them displayed side by side on the portal and can check out all information by comparing the year of incorporation of each broker, the exchanges enabled, demat, active clients, financial health of each group, technology used for advanced order types, calculators, algos and back testing, initiatives, reporting and analytics, trading platforms etc that gives you an idea which is the best suitable for your investment needs.
Similarly,
you can also compare Edelweiss, Motilal Oswal and India Infoline
regarding their brokerage equity, account opening costs, transparency
and other costs, margins etc that allows you to come to a conclusion as
which is the best broker for your investment requirements. You can also
find the portal bringing you expert reviews on every broker in India
along with customer ratings that makes your job easy for choosing the
best broker to open your account. The comparison tool allows you to find
the background of the broker, pricing options, finance potential etc so
that you can be well informed about the available options in the
industry before actually taking a decision to open your account with an
investment broker.
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