Zero brokerage is thought to be a plan in which broker do not levy any charge on any type of trade. This notion was started bearing in mind the swelling number of traders who are engaged with Indian share market. A research was conducted very recently, and according to the reports it was discovered that there are many stockbrokers at present who believe that they offer zero brokerage, but actually they were charging on the basis of per trade. In addition to this, the upfront rate on lifetime, yearly, and monthly basis are charged from investors. This kind of practice lessens the importance of trade a person wants to follow because you are going to pay a big chunk of your wealth in such dealings.
The brokerage is an important source of revenue for a broker, and hence it is obvious that a broker cannot compromise on this front. However, charging unfair amount to the traders as well as investors is also not in favour of the market and traders as they form the foundation of the market and particularly trading. Keeping this point in mind some of the market leaders have come with the concept of the zero brokerage. The clients who deal in bulk or go for the heavy volume in any segment, such revolutionary measure can prove much helpful.
Meaning of discount brokers
In India, discount brokers have attained a new position by performing better than traditional brokers in the market. They form the brokerage firms that are all set to give lowest brokerage charges in India or minimal brokerage or some of them do not even charge brokerage at all. Although they do not offer any financial advice yet, they facilitate the easy path possible concerning online stock trading. They are unavoidably popped up according to the needs of traders as stockbrokers and are expert enough to keep pace with trading techniques as per the ease of traders or investors. However, in case of online trading one does not need the thorough support of broker as far as the daily trading is concerned.
Selecting of best demat trading account in India
For choosing the better discount broker in India, you may concentrate on some of the main points that are given below.
You must be pragmatic when you go for a selection of the trading and best demat account as it is the main factor. If you want this statement come true, you should review the required data concerning the broker. For fulfilling it, you must visit the best sites that are meant for trading in India. It is a fact that these sites may reveal top online brokers; the list will necessarily contain the name of zero brokerage houses functioning online.
First of all, you should analyse your technical needs and trading style to get the best demat account. Know about reviews and ratings of the topmost brokers. Keep track of plans of low brokerage online in order to benefit yourself by minimising the trading cost in future.