Before you start trading, you need to answer the question of what goal the person is pursuing. If a beginner wants to work independently and make a profit, the exchange will be one. If he prefers trading through intermediaries, the choice will be different.
It is worth remembering that all the sites have different specifics. This should also be based on this choice.
Some platforms have low speed and performance, which affects both the delay in the graphical display of exchange rates and timeliness of transactions – traders get mad when the program slows down, although those who do not lead intraday trading may not pay attention to it.
With the development of Internet technology and the growing popularity of Stock Trading Platforms available in India, this market has been flooded with scammers. The problem is that crooks create fly-by-night companies to siphon off money. Such companies have no regulators, no partners, and not even a brokerage license. Often these platforms promise mountains of gold and instant profit, and gullible people lose all their money.
That’s why it’s best to choose the best Stock Trading Platform in India that is owned by big-name companies that have licenses and good regulatory support.
Security of transactions and confidentiality are, of course, inherent in the platform, and these factors also depend on the stockbroker that you choose.
Pay attention to the daily trading volume. The high turnover of an exchange is a sign of its popularity. The higher the trading volume, the greater the chances to earn by trading here.
Paid software, at most brokers, guarantees not only legitimate data from the exchange in real-time but also overall reliability. One failure in the self-made platform and the trader can lose much more than the quality subscription fee.
It is also worth noting that the broker charges a commission for his services. At different brokers the commission can differ considerably: from $0.3 to $3 per lot, depending on volumes of traded shares and other indicators.
There are brokers at which the commission is not charged from the trader. Or Stock Trading Platform with a free bonus. In such cases, as well as with the free software, it is worth wondering what hidden fees such a company will profit from.
If we do not consider OTC trading, where the data often does not come from the market at all but is generated internally, an important issue is the cost of the software. The market date (data on buying, selling an instrument, etc.), which is provided by the broker through the exchange, is always paid, and if you are offered a free trading terminal (and accordingly a free market date), you should think twice. At best, the broker who provides this software for free will earn some hidden fees.
Using free software is very likely to be of the same quality as the price. The impossibility to send an order, constant “freezes” of the platform, or complete inoperability are just a small part of the inconveniences that the trader will face. Earlier we mentioned that the request can go not directly to the exchange but through the server of the company that provides the platform. Herein lies the main problem, because the trader cannot control it and often becomes a victim of unscrupulous companies. So choose wisely.
Study the reviews of the different trading platforms in India. Each site will write only good things about itself, and you can only find out the truth from an independent observer or someone who has already had experience working with Stock Trading Platform regulated in India.
Deposit and withdrawal of funds are important. Find out in advance what conditions, how quickly and in what currency you can deposit and withdraw funds, and what payment systems this exchange works with.
There are numerous stock trading platforms in India. We will give you a small list of the most popular and top rated Stock Trading Platform in India.
Leading Stock Trading Platforms
You don’t need millions to start investing in the stock market. If you consider the best Stock Trading Platform for beginners in India, you can even start with $10. At the same time, the more you invest, the more you can earn.
Yes, you can trade without using a broker. But then you would need to open a brokerage account yourself or do the dividend reinvestment/direct stock purchase.