Investors and share brokers are the two sides of the same coin; the coin in this case is the stock market. No stock market can exist without stock brokers and investors. And again without a demat account, trading cannot take place. But it solely depends on the investor to give the green signal to a particular share and sell it. The loss and profit involved entirely rests on the judgment of the investor. inform investors about market movements, share prices, etc. at the same time suggest the latter to shares. There are marked differences between stock brokers functioning online and those attending over the phone or in person. Online stock brokers can easily be contacted if you visit online brokerage platforms like Nirmal Bang. Such platforms in addition to offering facilities to open free trading account, also offer services of stock brokers, provide tips on share market investing and a lot of related information. The vast stock market scenario including performance of BSE, NSE, share prices, stock quotes, active stocks, share market news, etc. can be viewed here at this single window destination tendering services beyond brokerage solutions.
There are three criteria of services of stock brokers, as enlisted below. Investors can choose any of the criteria while contacting share brokers.
• execute their services as per the instructions of the investors. It is investors who decide whether to a share or when to sell it; stock brokers only carry out the instructions
• Share brokers provide advisory services in addition to handling the trading account. In this case, investors take the advice of share brokers and accordingly and sell shares; but the final decisions rest on the investors themselves
• Stock brokers enjoy flexibility in dealing; in this case, the investors’ investment objectives are taken into account and then the stock brokers execute the trading process, themselves taking investment decisions on the investors’ behalf.
A and is same – different terms with the same meaning. To be an investor in the share market, you should hold a trading account. If you are directly in touch with the broker in person and not online, paper work is required to sign the agreement. Submission of a few documents like PAN card, a cancelled cheque, identification proof, address proof and photograph completes the process. Your trading account will then be linked to your bank account so that you can transfer the required funds from the latter to the former to facilitate trading. In case of opening an online demat account, though you may or may not be asked to submit all documents, PAN card is mandatory. You are not allowed to handle the responsibility of taking care of your own demat account. The depository participant (DP) takes care of your account, trading and transactions. Share brokers or stock brokers, R&T agents, and brokerage firms, registered under the SEBI act as DPs facilitating your trading in the stock market.
Nirmal Kumar Soni is freelance market analyst and is writing reviews articles on , stocks and shares, equity shares, online share trading and information on free trading account Article Source:
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