The trading company and investors, one who participated in share market is called as trading. For the process of communicating with the traders and exchangers the broker will charge certain amount.
There are two types of brokers one is full service broker and the other one is discount broker. Group 500 is one of the best licensed brokers which act on behalf of traders in the share market. Now let’s discuss the role of brokers in share market. Now let’s have a discussion about the importance of brokers for trading.
- In general, work of the broker is to deal with different securities. So they will be able to guess the approximate profit of that particular deal. So they advice to that traders based on the best deal for buying or selling the stock. Tough they are advising orally but they are not considered to be licensed investment advisors. Group 500 is one such broker that makes their traders to get more profit in a short period of time.
- The work of the full service broker is to get an order and place it on the exchange. After it has been completed properly then it will be informed to the traders. But if you go for discount broker the traders can trade by themselves through online.
- Some brokers are well capitalized than traders. So they will them financially on commission basis. Once they stand well in the market then traders need to play them upto 50 percentage. But not all the brokers need to do this job.
- Fees of the broker will be based on the broker type. Suppose if you are trading with full service broker then they will charge in percentage based on the trading amount you are performing. But, discount brokers have fixed the flat amount for all the traders.