It is difficult to accept any changes faster, but if the change is for good, then you can admit it quite easily. While looking for the best broker, you will often get confused that whether to choose a full-service broker or discount broker. Now, if you are dealing with a huge amount, a full-service brokerage farm is the best.
But, if you are new to trading or start small, discount brokers will be the best. The best thing about a discount broker in India is that they offer lower commission which means you don’t need to pay much before trading. Now, here are the reasons why you should go for discount brokers instead of traditional brokers. Read on to know more-
It Can Save You a Lot
While you are at a full-service brokerage, you can get ideas and suggestions, but all those things cost you much. Discount brokers have no problem as such. The commission they charge is quite lower in comparison to traditional brokers. You will be surprised to know that the brokerage charge of discount brokers can be 50-70% lesser than traditional brokers.
Best Service at Lower Price
If you think the charge is low is equal to inefficient services, you are wrong. Traders can get all types of services that they expect from a brokerage firm. For the top-notch brokerage farms, you can get certain services, like reliable mobile apps, numerous online trading platforms, software for analyzing and real-time data. You can use any kind of websites, trading terminals,and mobile apps as they are free to use. Besides this, the customer service department is really helpful as they are available at 24/7 and provide support through live chat, emails and over the telephonic conversation. On basis of customer support, they can give tough competition to the traditional brokers.
You Can Do the Best for Yourself
There is no one to judge you; no one to tell you where to invest and where not. It’s entirely your decision and that’s why you can pick your deal after lots of homework. As there are online discount brokers who can deal with you through internet, you can decide the best for you. You don’t need to consult with the broker and free to choose your transactions and also access your account whenever you want.
You Can Switch Anytime
Do you already have one or several brokerage accounts? It’s no big deal to change at one and try discount brokers now. It is never too late. But, you have to be aware of the hassle of changing brokers. Yes, there are certain hazards, like transition, paper works, knowing the new platform and the tools, starting a new account and linking it with bank accounts. But, once you know that you can save 50-70%, no hassles will be faced.
So, these are the reasons why you should switch to discount brokers from traditional brokers. If you can withstand the changing hassles, you can do the best thing for you while trading in the stock market.