The internet has made the concept of investing an easy one. An online broker would enable you to deal with trades and stocks. Some of them engage in retirement trading accounts and even when it comes to options trading. Before you sign up the best discount broker in India you need to make proper research at your end. Do consider your investment goals and personal objectives before you choose a broker. They need to provide you with a service which is tailor made as per your needs.
There are some pointers in an online broker that you need to consider
The cost per trade
The cost per trade being a number you can compare it with competitors. But be careful as there is no need to rely on a single post, in the form of stock trade cost, as brokers need to be dealing with a wide assortment of costs. Though brokers might roll out lowest commission on trades, but they are going to be of little meaning if they deal with mutual funds where commissions are not at an attractive end.
A wide array of investment options
To choose a good broker means they can invest in a wide array of stocks, be it mutual funds, stocks and even EPFs. If you are looking to make an investment in ETFs you need to consider your investment wing in the future. Because of this reason you need to figure out a broker who can explore all possibilities.
A minimum amount of investment needed
Most of the brokers are known to possess minimum investment criteria. This could even spend to hundreds of dollars. If you are a newbie to the stock market it hardly would matter to choose the best stock broker as you need a minimum amount for investment. In addition, there are a few brokers for there is no minimum requirement and it can cost you just a few hundred dollars. On the other hand, there are some broking firms who have zero investment options.
Asset allocation in a proper manner
Asset allocation poses to be a challenge for most investment functions for someone who is new to the market. It poses to be a challenge in terms of asset allocation and is needed to carry the legacy forward. This does go on to need periodic rebalancing, and if you need to undertake this task in a manual manner it poses a challenge.
If this does poses to be a concern you need to discuss with your broker, and also find out if there is any form of additional charge.
To conclude when you are engaging in online trading the norm of direct investing has become the norm. But what would be the case if you do not happen to be a DIY investor and have no intention of ever becoming one? Then you need to figure out whether your broker offers direct investment advice and whether they are going to charge any arrears of the same.