For any trader who wants to trade in the market and earn good profit the best support is a broker. Hence before entering the market of trading one needs to find the right broker who can support him in trading as well as other ways such as consulting and research. The market is known for its volatility as well as uncertainty. There are traders who were known as sure shot and still they have incurred huge loss also. Hence to safeguard the interest of the client the brokers take many measures. It can be much interesting to know the profile of a broker in the share market.
The share broker:
The share broker is one who takes a franchise of any broking company and opens the account of various clients. He also has a terminal operator to carry out the trades of the client who have opened offline accounts with him. The broker also helps the clients to open an offline or online trading and demat accounts which are necessary for every trader and investor. Usually the stock brokers in India offer offline accounts in which the traders can trade with the help of a bolt operator. To trade in the account the trader needs to call the operator and provide him necessary instructions to carry out specific trade. The share broker also takes care of one’s account, rate of brokerage. margin fund and exposure against the provided fund. He is the authorized person who has a license to deal in the market and hence those who are willing to make money in this market can go for the best share broker who can offer quality services on regular basis.
Primarily there are two types of brokers in the market. They are full-service brokers and discount brokers. The full-service brokers are those who offer consulting as well as research and other services. Primarily their client base is of retail traders only. Those who love to have the volume based trading it is necessary to hire the discount broker. He is the service provider who primarily deals in share trading only. He offers the services at low rate of brokerage but he needs to have volume based trading and that is why he is known as a discount broker. However one needs to note that the discount broker is never interested in offering the services such as consulting and research.
The market has ample brokers who offer the services of both types. The share market has also got online accounts where the clients can trade on their own also. The volume based traders need the services at low rate of brokerage which can help them to save amount on brokerage and earn good profit with good exposure. The traders prefer to go for the trading in intraday segment where he can make the profit in a few hours and do not need to block the amount for long days also. hence the role of a stock broker is pivotal for every trader in this market.