Whenever you plan to
invest your money in the share market, you also need to see whether or not you
are comfortable managing your portfolio on your own or do you need the help of
a broker. It is quite obvious that you would be contacting a broking firm to open a trading account
and start trading. But if you need a little more help than just opening an
account, you should consider full-service brokerage houses. As the name
suggests, full-service brokers will offer you a full suite of financial
services along with basic trading assistance. They will send their relationship
managers at your doorstep so that you get all the attention and researched
suggestions and recommendations that can help you in placing trades.
Their expert team will
always be just a call away. So, you might term such full-service brokerage
houses as the best broking firms.
But as it is rightly said that everything comes at a cost. Same is the case
with these premium trading services that come at premium fees. Brokers charge
heavy sum as their fees or commission in exchange of trading assistance. What
if you don’t have this kind of large money to pay them and what if you don’t
need their extended help? You only need minimum trading platform along with
some technology tools and you are good to go. There are many like you who have
a good knowledge of the share market and they like to trade on their own. There
are discount brokers for this separate class of investors who like to manage
their share market portfolio by themselves. Discount brokers operate online and
offer only important services and that too at a nominal cost. For some
investors, these discount brokers could be the best brokers as they charge
less. Considering all this, one can conclude that best broking firm is quite a subjective term. Every firm has its
own pros and cons. So, whichever suits your investment needs and price, select
it and start trading.
