To cash in on trading options you need
to have a concise idea about the subject matter. In the quest of this search
you need to figure out a broker who can help you with a platform to invest. But
since there are various broker types in the market to choose one seems to be a
difficult task. Before we proceed ahead it is necessary to classify the various
types of brokers and then decide which one suits your needs. If you are
planning to sign up with an online broker clearly outline the recommendations
of each of them.
Full service broker
The full service broker as the name
suggests rolls out a complete service list to clients. The moment you open an
account with a broker you are allocate an account manager to deal with your
account. They are going to spend a reasonable amount of time to understand your
financial obligations and what are the objectives you plan to achieve by
trading mechanism.
The reasons for choosing a full time
service broker are self- explanatory. In case if you are new to trading options
having someone to guide and offer you advice would be of immense help. Their
expertise and experience would be of considerable help and the rate of
acceleration helps you improving your own skills.
They appear to be a viable choice if you
do not have sufficient time to conduct a research and look for suitable trading
opportunities. As per your financial fits they are going to provide a tailor
made solution as per your needs.
Though the main issue while availing the
services of a full time broker is the costs involved. When there is a
professional involved in rendering you services you can expect a hefty fee to
accompany.
Discount broker
The choice of the best
discount broker in India 2019
seems to be a straight forward issue. They are there to execute the trades on
your behalf and execute the orders. In case if you are going to avail the
services of a discount broker the chances are high that you are not going to
have a personal interaction with anyone. They are going to automate the process
and execute the transactions on your behalf.
The main benefit of a discount broker
over a full time broker relates to the commission structure. The commissions
are going to be on the lower side with a full time discount broker as they just
go on to providing you with a basic service. In terms of additional fees there
are fewer charges and in terms of deposits and fees the charges are on the
lesser side.
When you are going to avail the services
of a discount broker you are all on your own and there is no additional form of
support. You are in charge of your own trades and if something goes wrong you
have no one to blame. The onus is on you to take investment decisions.
