When you invest in the Stock
market, you expect good returns. It is important to engage a competent and
experienced broker for best returns on your investments.
The first step of selecting the
right broker starts from doing homework on your personal investing style. Choosing
an Indian stockbroker, you will need to ask yourself this question. If you
consider yourself a day trader you will need to invest within a small time duration
that can be as short as a few minutes and as long as a few hours. As a day
trader, you will want to seek out a broker who will offer a flat fee on
transactions or offer lower fees.
There
are different kinds of fees associated with working with a broker. There are
account opening fees, transaction fees, maintenance fees, etc. Look for low
transaction fees if you trade more often, and low maintenance fee if you hold
stock for a longer duration.
Recently, I got the opportunity to hear the
experience of brokers from the horse’s mouth, when I was invited as a guest at
the Indiabulls Venture’s
EkShubhMilaap Event.
The gala event was held at Indiabulls Finance Center,
Mumbai. It was a pleasure to be part of
such a fantastic knowledge pool comprising of a few of the leading names from
this sector. I must express my gratitude and congratulate India Bulls for
organizing this event of great success.
Indiabulls Ventures Ltd. is a leading
broker in India offering equity, derivatives, commodity, and currency trading
with over 900+ direct sales teams across 18+ cities. It is assigned BQ-1
grading by CRISIL (highest broker quality grading in the market). IVL, a pioneer in
Indian online trading has launched its discount broking segment with its
trading platform – Indiabulls Shubh. It is a mobile App designed for a growing number of
tech-savvy customers who feel comfortable trading online. IVL will offer the
country’s first unlimited trading platform with ‘Subscription based’ monthly
pricing options. it gives the customers a choice of
plans that suit their broking needs. Starting
at INR 1000 and offering unlimited trading along with:
– Zero Brokerage on Equity
– Zero Brokerage on F&O
– Zero Interest on Margin Funding Facility
– Zero Brokerage on F&O
– Zero Interest on Margin Funding Facility
The new subscription plans have been
designed for today’s modern trader who needs greater flexibility, convenience
and value for their money. Shubh
subscription plans which offer Zero brokerage and Zero interest on margin
funding facility in equity, futures & options and currency segment will
change the way our country India trades. These plans are simple and
transparent. Traders can trade unlimited without
worrying about the brokerage on each trade. Please go through the below-
mentioned chart for the pricing and product offerings.
Shubh Mobile App, One-click trade execution, advanced
charts & market research, monitoring of investments in real-time, trade
anytime from anywhere at your own convenience, etc. are the key features, which
I liked the most. As
per the company, there are no hidden charges and all the charges incurred while
transactions will be specifically mentioned. An easy linking facility with your
existing DMAT Account is also available. Online money transfer and withdrawal
are also fast, free and easy.
Take advantage of promotional Plan, Don’t
miss it
As an introductory offer, the company has
announced free trading for the first 30 days with no subscription charges for
new customers. Customers can open their Demat/Trading Account online using the
Indiabulls Shubh platform in a few minutes and customers will receive huge
brokerage saving on renewing the subscription plans every month. This is a
win-win product for both new and seasoned traders. To open an account register on the website: https://www.indiabullsventures.com or download the
App: https://go.onelink.me/7ar7/95ff5cd9.
Bottom
line
There are a number of factors to consider
when picking your first broker. Your first broker won't necessarily be your
broker for life. Your life will change, and your needs as an investor/trader
may change along with it. But you have a much better chance of making money as
an investor if you put in the time it takes to choose the right broker to start
with. Personally, I have also switched brokers. Once you start working with
someone, remember if you are not happy you can always make a change. Now as I understand, IndiaBull’s App, SHUBH
can disrupt the market on at least two counts which are:
a) Unlimited trading at a fixed
cost.
b) Call and Trade at no cost.
c) No transaction fees for the
transfer of funds from trading to the savings account.
One
thing I found missing is commodity trading and I believe, they will launch
soon.
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