compare brokerage

Compare Brokerage before Trading

People love to trade in the share market for profit. For them it is not about one or two trades as profit can be more with bulk trading only. However, for such traders it is necessary to have sufficient knowledge of market sentiment, trends and profit movement before leaping to bulk trading. For many traders it is a business like many other businesses where they have to invest some amount and earn profit. In this market one can find various options to trade but before selecting any trade option it is required to compare brokerage as it is one of the significant expenses for a trader. 

The broker and brokerage:

In this market one needs to have a trading and Demat account before going for trading. These accounts can be opened by any valid broker. If one goes for trading he has to pay certain amount as a charge to the brokerage for the services which he renders to the client. The rate of brokerage is not fixed in this market and hence any broker charges the same as per own policy. For a trader to cut this expense it is required to negotiate with the broker in advance stage only. As it is the main source of revenue for the broker any broker hardly prepares for reduced rate. One can have low brokerage rate only if he can prove the broker that he is a bulk trader. However, to offer low rate of brokerage to any client the broker may require past transaction statement of the trader or even higher margin. 

The type:

One can find various types of brokerages in the market. Some brokers charge it with transaction while some charges the same in advance. The rate of brokerage also varies from client to client and broker to broker. In some cases the rate of brokerage is fixed as a percentage of the total value of transaction while in some cases it is decides as per trade. There are also traders who offer discount in trading if the trader is a bulk trader. Those who want to go for discount needs to follow a few conditions set by the broker. In the market one can find options of trading such as offline and online. Those who prefer to have bulk trading can go for the online trading as they can go for own trading with a computer or smartphone. One can go for the offline also but many of the trading service provider prefer to have online trading only as they can handle the client at low cost and hence they can also make profit even if the trader offers low rate of brokerage. 

Those who prefer to go for the bulk trading the platform of bulk trading can be a great option. There are lots of platforms these days which offer better trading option in terms for bulk traders as their services are quick and the platform also has other better trading which is much needed for the bulk traders.

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