Perhaps you know what stocks you want, and you can make your own investment decisions. All you need is a convenient way to transact your buy/sell orders. In that case, go with a discount broker. They don't offer advice or premium services — just the basics required to perform your stock transactions. discount broker Discount brokers, as the name implies, are cheaper to engage than full-service brokers. Because you are advising yourself (or getting advice and information from third parties such as newsletters, hotlines, or independent advisors), you can save on costs that you would incur if you used a full-service broker.
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This lower cost is usually the result of lower commissions, and it is the primary benefit of using discount brokers.
Because they don't offer advice, discount brokers have no vested interest in trying to sell you any particular stock.
Established discount brokers offer extensive educational materials at their offices or on their websites.
If you're a knowledgeable investor, the lack of advice is considered a positive thing -no interference.
These firms do not provide any kind of services other than just processing the orders and clearing the transactional issues. Hence the commissions charged by these firms are less compared to that of full service brokerage firms. These are more suited for the investors who have quite a lot of experience in trading in stock market and those who have time to research on the investing plans. Even for choosing discount brokers, there are several options in India, some are shown in the above image. Most have a minimum account opening charge followed by a brokerage on every trade made through them. After seeing the rates charged by the brokerage firms shown in both the images, you might be realizing what we said initially was true. You don't need a huge amount of money to start investing with.