Things to keep in mind while choose broker

July 04, 2019 RAWAT 0 Comments

A broker is a natural person or a firm that acts as an intermediary between a buyer and a seller and that normally charges a commission for the operation. He holds valid license for his trading activities.

He is called an agent or broker. Exercising as a Best broker in India requires compliance with the regulations of the country where it is established, which usually requires a specific license. This license must be issued by the competent regulatory bodies such as the SEBI which is the regulator in India for the share market.


There are different types of brokers for each market, although it is increasingly common for large international brokers to cover and give access to more markets with very competitive commissions.

Choose the broker

To operate in the trade market, you need a trading account with the BestBroker in India and have funds in that account. A broker is an individual that buys or sells according to the decisions of the traders and charges a commission for its services. The number of online brokers is huge, and you may have difficulty choosing one. Let's take a few basic steps to choose the broker; the time spent at this point will be rewarded.

The trade market is labelled as a market without regulation, and basically, it is. But do not get confused, there are agencies regulating the foreign exchange market, and nowadays, it is almost vital to choose a regulated broker.

There are many regulatory agencies, private and governmental, without a doubt the best thing is that it is at least one government and another private prestigious (there are private agencies created exclusively to regulate broker A, you have to doubt this).

Trading Platform

Another important point when choosing the broker is the trading platform they offer. All the brokers allow you to operate through the internet in an easy way, the trading platform will be your connection with the broker and your work tool, you will do almost all the analysis work on this software, so it is extremely important. Luckily the free demo accounts are almost universal; any broker offers them so you can try the platform without risking a penny. Try and practice with the platform of a broker before opening a real account with them.

Things to keep in mind while choose broker

Stop Loss and Limits: You have to find out if the broker respects the Stop Loss and limits that we place on our platforms. It is important since these are the profit and loss limits that we allow ourselves.

News: Not all Brokers allow their Traders to operate at times of news since the market is very volatile. For those operators that operate with news, this is one of the most important points to investigate.

Withdrawals: There are different rules with different brokers that can help the traders get the payment in his account. The trader needs to raise a request for the payment and get the same in a few days.

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