Parameters to be considered while choosing brokerage firm

Fees & Charges : When you are opening an account with a broker you should always carefully read their entire brokerage plan to understand how you will be charged if you open an account with them. Also, some hidden charges are involved sometimes. You should ask them for every hidden cost to avoid future misunderstandings.

Nature of your trading : The broker which you decide also depends on how actively you are going to trade. If you are active traders then you must go for brokers who charges you the least. For traders who do not trade often this trading, fees is not a matter of concern.

Additional Benefits : In addition to regular brokerage services often some brokers offers commission free ETF's(exchange traded funds) and MF's (mutual funds) with no transaction. If you are having a plan of keeping MF's and ETF's as a part of your portfolio then a broker who allows their clients to invest in these without transaction fees can be really helpful.

Trading Tools : Brokers offers trading tools like brokerage calculator, fundamental and technical analysis, option strategy builder etc. Tools like these enable you to have a better trading experience. A broker who offers tools that are most required by you will be the good choice for you.

Customers Experience : There are some brokers who have a very user-friendly website and can offer you with best customers service. However, to some traders, it is not a matter of concern as they are not tech savvy.Whether you are tech savvy or not you must go for brokers who offers these facilities. As at the time of need you can email or message their representatives and get your queries resolved instantly. Usually, discount brokers have a good online presence.

On whatever basis you choose your brokers just make sure it does not impose a huge burden on you of brokerage charges. According to your needs, you can wisely take this decision.

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