There may be a number of companies, which make this claim too often with very little value. But when it comes to share trading, you can be assured that a number of brokerage firms in India have been the reason why some people have been able to double their savings and lead lavish lives of late! Share trading has been immensely popular for a while now and is no longer considered an extremely risky adventure, thanks to the expert advice provided by share brokers.
There are a number of people and institutions that offer an online brokerage account to a person who is keen on being a part of the dynamic and exciting world of share trading. Even leading banks and other lending institutions have joined the race and have started providing online stock trading accounts to their clients as an add-on service. What makes these accounts so special is that they also contain trading tips for their customers to help them decide which company’s shares should they trade in, which are to be held on to for a few months, which can be traded in a fortnight and are there any shares which might be a good buy at a particular time. It’s like an invisible hand guiding you to make choices without applying any pressure, while laying out all the figures and statistics in easy terms!
The cost of this service offered is included in the commission payable to your stock broker firm. But what qualities should you look for when you choose the best online stock brokerage account? Here are some to help you make a decision:
Safety – Needless to say, we are talking about money here, money that you have worked hard and saved up for and then decided to put in the stock trading market. So, choose a trading platform that is extremely well-protected from outside threats like hackers and bugs and inside threats like poor maintenance. When you have a safety net that you can rely on, you can easily carry out your trading transactions with peace of mind. User ID, passwords, security PINs and questions, there are standard procedures. Look for more than just these when you choose a platform.
Mobility – Now, you may not always have access to a computer or laptop that you can check and conduct your trading transactions on. So, there are a number of smartphones that permit you to install trading software and carry out your trading there. So, even while you are travelling, you can carry out trading transactions.
Informative and Educational – Share market is energetic – it really changes from minute to minute and even the slightest triggers can make things go from good to excellent or vice-versa. So, choose a platform that not only helps you trade, but also keeps you updated about recent developments that may affect your share values, but also guide you to understand the market better. They help you make your own decisions and do not just blindly lead you to it.
Consult a good stock broker, and he can give you examples of the numerous platforms in use today to help you compare and make your decision.