Published on Saturday, December 3, 2011 by Business Line | Modified on Monday, December 3, 2018
Thinking of opening a stock broking account? You may be spoilt for choice, yet, finding a broker who suits your needs can be quite a challenge . Here is a low down on how to zero-in on the right broker.
To best understand your investment style, answer the following questions:
Find out from friends and relatives about their brokers and use their experiences to arrive at a list of prospective brokers. Next, jot down what you would expect from your future broker. You can answer these questions to begin with:
Finally, contact the brokers left on your list and meet their sales personnel. Clarify any and all doubts; do not hesitate to ask questions. It will help you get a better picture about the broker.
The last step is to zero-in on a broker who fulfils most of your requirements. For instanceif you are a trader who likes to be on his own, an online account with hi-tech trading software can be considered. Beginners may place more priority on customer service and research inputs.
Remember always to go with a broker who is well-established and carries a good track record. The process may take a while , but remember it is your money. Always better off safe than sorry!
Visit Comparison of Online Share Brokers in India for more detail.
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