The share market offers the opportunity of trading to every interested trader. The only condition here is one needs to know when to buy the shares of which company and when to sell them. The simple calculation here is one needs to buy the shares a low rate and sell them as soon as the rates are increased. Hence it can help one earn good profit in each trade. However, here one must note that only profit is or loss is not a part of the trade. There is also something else which is called brokerage.
The brokerage is income to a broker but charge to a trader. In the case of loss also the brokerage has to be paid to the broker which increases the loss of the client. To have quality services one needs to get the trading,anda demat account opened with any of the best stock brokers in India. However, the brokerage rate is not fixed in the market and hence every broker charges as per own will. Those traders who trade on a regular basis and have a large volume, it is important to get this charge at the lowest to increase the profit to a good level. Being the main source of his revenue no broker prefers to offer any discount in brokerage. However, there are tips and techniques for getting low brokerage from the brokers,but one needs to make a little effort for the same.
How to get the best brokerage rate?
There are numerous brokers in the market,and nowadays one can either call their customer care or go through the website also to know the standard brokerage charged by the concerned broker. Here are a few things one can try to get the lowest rate of brokerage from the broker.
- Check the internet: Many of the brokers who offer such plans with low brokerage may not have a branch in the area or city of the client. One can approach them and ask to open an online account. Such brokers offer online services,and hence one can go for the trades with a low amount of brokerage rate.
- Online account: In many cases, the service providers offer online accounts with a low rate of brokerage. If one knows how to trade and has sources such as a computer or a smartphone with an internet connection, he can go for the online account and save a good amount on
- Offer a large amount cheque: The brokers need good clients who trade regularly and on a large scale. If the client is a premium one, who offers a chequeof a huge amount, the broker believes that he will have a good profile and he can be helpful in achieving revenue targets of the broker. In such situation, the broker may offer a low rate of brokerage to get such a client.
In short, one can say that various factors affect the thought process of a broker while offering the discount in brokerage to the client.