Stock brokers are the officially certified broker or agent from the particular national exchange. Share market brokers are the intermediate to buy or sell stocks for investors. In the beginning investor has to request broker for buying share of a company, thus the broker checks for that company share to get selling client. Then broker makes the exchange of both investors for buying and selling. For example if a buyer needs to buy apple company share, broker checks with the seller for the buyer rate availability of that company. Then brokers make exchange of money.
When the online share trading is being introduced investors have got the chance of trading by their own by just opening an account with stock broker. Online share trading is done by means of laptop or smartphone with quality internet connection. Online share trading is an easier trading option when a perfect brokerage company is chosen before investing. Best online stock broker for beginners are not easy to locate. Investor has to research about the share trading broker before choosing one!
Facts to be measured while preferring a stock trading broker:
Each broker has their unique way of trading with same company shares, even though their buy and selling procedure and lot size will be similar. Consider the following facts as requirement with a brokerage company before opening an account.
Some brokers provide advisory call on how to and when to invest with a company in the form of charts, pivot tables or through accurate analytical research depending on the market movement. For this service brokers charge their client with reasonable price.
- Trading tool mobility
Tools used for trading depends on the brokers. User friendly and mobility of tool is necessary while choosing.
Since huge margin of investment has to be made with the broker, trust ability is more important.
- Brokerage margin
Some brokers charge lots of brokerage which will result only in loss instead of gain. Brokerage margin and the tax payment of trading regulation have to be read before choosing a broker.
- Investment margin
Few brokers offer concession in margin limit in the starting for few days as trial. This will be a good option for beginners who cannot invest more.
Opening a trading account is not a risky job. It is simple to open an account. In rare case brokers ask for considerable deposit in the opening. Switching between different brokers is not an easy work. Choose a broker who is more comfortable rather than going for top brokers who charge more.