In the economy, one can earn from any of the two sources which are either a job or a profession or business. If one gets sufficient income from his main source, there is no question, but the moment that income falls short, he starts checking some other sources from where the income can be generated. In that case, if he has knowledge of stock market and corporate, he can start trading there and fetch handsome profit on a regular basis. For this source of earning the knowledge of the stock market is very much required.
In the stock trading, only knowledge is not enough as one needs to have a trading and demat account also. If the trader who wants to trade but does not have an account, he can ask any service provider to have an account opened. In that case, the client needs to submit an identity proof, address proof and a cancelled cheque as a bank proof. The service provider verifies the documents as per his parameters, and if all goes well, the trading and demat accounts, are opened in a few days. The trader who aims to make a profit in the short term, it is much required to have an idea of various charges, and for that, he needs to check the brokerage charged by top 10 stock brokers in India. The brokerage charged by the brokers is for the service that they have offered to the client but for a client it is an additional cost, and hence he tries to minimize the same.
In the past, there was a single pattern of charging the brokerage, but in this age, the brokerage charged varies as per the broker, and hence a client must check the same before initiating the trades.
- Per trade: This is a common style of charging brokerage from clients. The amount per lot or trade is fixed. Hence it is simple to calculate and understand also. For a trader who has limited trading, this is the best option.
- Advanced brokerage: There are many broking houses that charge the brokerage in advanced. The package and amount are fixed in advance. The client needs to make payment of a certain amount as brokerage by a different check, and for a fixed period he can go for unlimited trading also where he need not pay any amount to the brokerage. Those who have a huge volume of trading can go for such sort of brokerage charges as in a short duration also it can prove much helpful to have additional benefits of low brokerage.
- Regular brokerage: This is the standard brokerage type where the client is charged as per his type of trades. The intraday trades are charged with low amount than the delivery based. Hence those who love to go for moderate trading in any of these segment, the regular brokerage can be a better option, but one needs to see that the brokerage rate is not much high as it can wipe off the profit earned.