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Stock Broker

What is Stock Broker

So friends, as we all know that we cannot buy the stock directly in the stock market. That is why we need a company, a firm. So the company and the person who takes our order to market. He is called a stockbroker.

So a stock broker can be someone who is registered in the stock market or can be a company or firm. He charges some fee from us to take this order to NSC or BSC whichever market it is. This is called brokerage. Replace our order in the stock market by taking brokerage.  The company that does this work is called Stock Broker.

So for the shares that we buy from the stock market, we open a stock market trading account in the stock broker, through this we order the stock market that we want to buy which shares, when to buy, in what quantity and  When to sell  So, who is a stockbroker, he takes this order to the stock market in the next second.

Process Of Buying and Selling

You placed an order from your trading account that we have to buy 10 shares of X Company.  You placed this order.  So the stock broker will take your order in the market.  And there will search a company that is selling 10 shares of its company and then deal with that firm.

The middle thing for this is the stock broker.  The stock broker completes this process.

As it is the era of the Internet nowadays.  So a lot of stock brokers are available on the internet too.  Be it ICICI Bank, Axis Securities, HDFC Securities.  We have many such stock brokers.

How the order of buying and selling shares reach Stock Broker ?

So for this, you open a demat and a trading account with the stockbroker.

In this, one thing that you should keep in mind is that the trading platform of the stock broker you are choosing is very easy, its user interface is very easy, its user interface is very easy and you can easily place your orders in the market. So you will definitely keep this in mind.

Types Of Stock Broker

There are 2 types of Stock Brokers :-
  1. Full Service Stock Broker
  2. Discount Broker

Full Service Stock Broker

Now we are talking about full service stock broker.  This means that these stockbrokers will give full service related to the order of the stock market.  Whether full service is advisory service or recess service.  It delivers services to you.

Now because it is a full service stock broker, it means their fees are also slightly higher.  It makes you place orders in the stock market by charging a higher fee, but it provides you with complete advisory and research services.

Services Provided By Full Service Stock Broker

1. Stock Advisory Service: - Which shares to buy, in what quantity and when to sell it.  The full service stock broker will tell you all the information about this service.

2. Whenever you are buying stocks, full margin stock brokers also provide you the facility of some margin money to buy those stocks.

3. You can also place your orders by calling from the phone or through internet banking or through a website or online application in the internet.  This facility is also provided by the full service broker.

4. If you are buying shares from an IPO, then a full service stock broker also gives you the facility to buy shares quickly from the IPO.

5. If you have to manage your port folio, then the facility of port folio management also gives you full service stock broker.

So these are some of the facilities that Full Service Stock Brokers gives you.

Discount Broker

What is a Discount Broker?  Discount as is evident in the name itself.  Whatever your order or whatever will be your account, your fees will be in it, their brokerage will be very less.  These will make your order active in the market in less money.  Their fees are very low for this.

Just wait, what is the difference between full service stock broker and discount broker? Full Service Stock Broker will give you information about business, by ordering a message and by giving new business updates.

But the discount broker will not give you any service. You have to place orders from your research.

Full Service Stock Broker And Discount Stock Broker Which One Is Best ?

If you do not get the time to watch business news, you can choose a full service stock broker.  They will send you time to time msg and updates, call and tell you good shares according to your order and business strategy.

But if you have time to read business news, you can do research, then discount broker will be a very good option for you.  Here you can save more money and invest more in the stock market by saving those money which is brokerage fee.

So if I advise you, then I use the platform of Zerodha Broker itself because it is very easy and a lot of trusted people are connected to it, then its account opening fee is also very low, maybe around ₹ 300-400 and which its  The annual maintenance fee is also low.  You can also save well from here.

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Stock Broker

What is Stock Broker

So friends, as we all know that we cannot buy the stock directly in the stock market. That is why we need a company, a firm. So the company and the person who takes our order to market. He is called a stockbroker.

So a stock broker can be someone who is registered in the stock market or can be a company or firm. He charges some fee from us to take this order to NSC or BSC whichever market it is. This is called brokerage. Replace our order in the stock market by taking brokerage.  The company that does this work is called Stock Broker.

So for the shares that we buy from the stock market, we open a stock market trading account in the stock broker, through this we order the stock market that we want to buy which shares, when to buy, in what quantity and  When to sell  So, who is a stockbroker, he takes this order to the stock market in the next second.

Process Of Buying and Selling

You placed an order from your trading account that we have to buy 10 shares of X Company.  You placed this order.  So the stock broker will take your order in the market.  And there will search a company that is selling 10 shares of its company and then deal with that firm.

The middle thing for this is the stock broker.  The stock broker completes this process.

As it is the era of the Internet nowadays.  So a lot of stock brokers are available on the internet too.  Be it ICICI Bank, Axis Securities, HDFC Securities.  We have many such stock brokers.

How the order of buying and selling shares reach Stock Broker ?

So for this, you open a demat and a trading account with the stockbroker.

In this, one thing that you should keep in mind is that the trading platform of the stock broker you are choosing is very easy, its user interface is very easy, its user interface is very easy and you can easily place your orders in the market. So you will definitely keep this in mind.

Types Of Stock Broker

There are 2 types of Stock Brokers :-
  1. Full Service Stock Broker
  2. Discount Broker

Full Service Stock Broker

Now we are talking about full service stock broker.  This means that these stockbrokers will give full service related to the order of the stock market.  Whether full service is advisory service or recess service.  It delivers services to you.

Now because it is a full service stock broker, it means their fees are also slightly higher.  It makes you place orders in the stock market by charging a higher fee, but it provides you with complete advisory and research services.

Services Provided By Full Service Stock Broker

1. Stock Advisory Service: - Which shares to buy, in what quantity and when to sell it.  The full service stock broker will tell you all the information about this service.

2. Whenever you are buying stocks, full margin stock brokers also provide you the facility of some margin money to buy those stocks.

3. You can also place your orders by calling from the phone or through internet banking or through a website or online application in the internet.  This facility is also provided by the full service broker.

4. If you are buying shares from an IPO, then a full service stock broker also gives you the facility to buy shares quickly from the IPO.

5. If you have to manage your port folio, then the facility of port folio management also gives you full service stock broker.

So these are some of the facilities that Full Service Stock Brokers gives you.

Discount Broker

What is a Discount Broker?  Discount as is evident in the name itself.  Whatever your order or whatever will be your account, your fees will be in it, their brokerage will be very less.  These will make your order active in the market in less money.  Their fees are very low for this.

Just wait, what is the difference between full service stock broker and discount broker? Full Service Stock Broker will give you information about business, by ordering a message and by giving new business updates.

But the discount broker will not give you any service. You have to place orders from your research.

Full Service Stock Broker And Discount Stock Broker Which One Is Best ?

If you do not get the time to watch business news, you can choose a full service stock broker.  They will send you time to time msg and updates, call and tell you good shares according to your order and business strategy.

But if you have time to read business news, you can do research, then discount broker will be a very good option for you.  Here you can save more money and invest more in the stock market by saving those money which is brokerage fee.

So if I advise you, then I use the platform of Zerodha Broker itself because it is very easy and a lot of trusted people are connected to it, then its account opening fee is also very low, maybe around ₹ 300-400 and which its  The annual maintenance fee is also low.  You can also save well from here.

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