InvestorQ : What factors to consider when you select your broker?
Swati Naik made post

What factors to consider when you select your broker?

Answer
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Maniish Lofar answered.
2 years ago


You need to be very choosy when it comes to selecting your broker and that is where pedigree matters a lot. If you are looking at a broker purely from an execution point of view, then any discount broker can help you merely execute transactions at low brokerage levels. If you want to go one step beyond and get that genuine value-added service from your broker, then you need to get the services of a full-service broker. A full-service broker is one who gives research, specific advisory and helps you create wealth with minimal risk. It is not just execution of trades but also advice, support and a host of other value added services