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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