PehlaTrade

Discount brokers are brokers who enable traders to buy and sell securities by charging them less commission than full-service brokers. In share market, brokers helps clients to execute their trade orders on the different exchange. Discount brokers provide advanced trading platforms which are very appealing to the active traders. Earlier trading in share market was meant for only wealthy people as they can only afford to pay huge brokerage to full-service brokers, but now with discount brokers traders with less capital can trade as well. People often believe that they get what they pay. Sometimes quality may depend on the money you are paying for it. When it comes to securities industry traders immediately neglect the idea of going for discount brokers services as they believe they would not able to maintain the quality of services which they receive from full-service brokers. But it is not true. Not every time price decides the quality of services. Following are some of th...

How discount brokers have removed these barriers for traders are discussed below: 1)Brokerage is fixed for every executed order Now traders do not have to worry about their trade size. As discount brokers do not charge on their trade size or trade amount they simply charge a pre-decide flat fee for every executed order which a trader place. 2) No pressure Unlike traditional brokers, no additional pressure is imposed by discount brokers. Often you will witness that full-service brokers force you to buy certain stocks of some company's time to time. They might be benefited as well if you do so.When you trade with discount brokers this would not be the case. 3) Flexibility to place your order directly from trading platform With discount brokers, you do not need to make a phone call to your broker every time you need to buy or sell a stock. You can directly access to the market and place your order using the trading platform withou...

With the increase of usage of Internet in India traders are trading online more and also Discount Brokers have introduced a complete new picture of trading . As compared to traditional brokers, discount brokers offers advanced services satisfying need of a smart trader at most competitive price. Barriers which are imposed by traditional brokers on traders : 1) High brokerage cost A large sum of money is to be paid as brokerage for using services of traditional brokers , which if saved can be used by them to further trade in stock market using that capital. 2) Trading terminal fees They charge traders annual or monthly basis for using their trading terminals depending upon their policies. 3) High Demat account opening charges To open demat account with a traditional broker, traders have to pay more.Because of burden of these costs often traders fear to trade in stock market. 4) Annual maintenance fees Almost every full service br...