Brokerage Account Meaning

In India, during these ongoing pandemic years, we are witnessing a huge surge of new investors in the stock market. In last year alone, more than 70 Million new investors joined the share market, added billions of dollars worth of investment, and pumped the economy and millions of new brokerage accounts were opened.

But, most new investors are struggling with how to open a brokerage account in India and where to open a brokerage account? So, choosing the best brokerage account for the share market investment journey is the crucial decision.

What is a Brokerage Account?

A brokerage account, meaning, is understandable, a special trading account by using, one can trade various assets or securities on the stock market. Security or asset could be anything, for example, equity shares of a company, futures and options contracts, mutual funds, currencies, commodities like gold, oils, silver, Treasury-Bills, Government and Private Bonds, and different other dematerialized assets.

Why Suddenly People Started Investing In The Share Market?

For generations, Indians used the Fixed Deposit Schemes of various banks and different saving schemes available on the post offices, and very few were interested in investing their hard-earned money on the stock market or even in mutual funds. So, what made this sudden change in the mindset? Two things that mattered the most were, that the Millennials became adults, and the best brokerage accounts in India became more user-friendly over the internet.

The children born in the late ’90s and the year 2000, became adults and they either got employment or started a business or just saved some of their allowances from their parents and started dumping them into the market, fueling it to reach new heights.

The millennials are considered the highest risk-takers among all the generations invested in the market. They all did with the resurgence of new and innovative but comparably the best brokerage accounts in India. And ‘Choice’ became one of the frontrunners in this new-age investors. The millennials also invested heavily in Cryptocurrencies, but due to government restrictions and the fear of a new regulating law, the crypto investors are also joining the share market.

How to Choose the Best Brokerage Account in India?

But the young investors are not blindly investing or opening their brokerage accounts with anyone who’s offering the services or claiming to be the best brokerage account in India. Young investors are checking many parameters before choosing a broker for themselves. In the following, some of the characteristics of the best brokerage account providers are described in detail.

Low to Extremely Low Brokerage Fees

Look, every brokerage company on earth is there to make money out of you. They charge a commission on every trade. At ‘Choice,’ you only need to pay the lowest possible fees in the market.

‘Choice’ only charges you 0.02% on intraday trades on equities, currency trades, and per options trades, and only 0.2% for delivery-based trades. They also charge INR 20 and INR 50 for every lot of options contracts and commodities you trade. This makes ‘Choice’ one of the lowest cost and best brokerage account providers in India.

Low Account Opening and Maintenance Cost

While most other companies charge a certain amount to open a brokerage account and another yearly lump sum amount as a maintenance charge for that account, ‘Choice’ charges Zero for this. Yes, with ‘Choice,’ your account opening will be free, and you also do not need to pay anything as account maintenance charge, yearly or monthly, whatsoever. This is a great advantage if you start trading with ‘Choice.’ But just these two factors don’t make ‘Choice’ one of the top issuers of the best brokerage accounts in India.

User-Friendly Platform

As the newer generations have become tech-savvy, they don’t need the old-school calling trades anymore. Previously, you needed to call your broker and buy an asset, and if the price of that asset rose, you needed to call again to sell it.

Here at ‘Choice,’ you will get a state-of-the-art trading platform accessible by both your smartphone and laptop. You can trade in real-time as we know the market, and the prices of your targeted assets change in every fraction of seconds.

One can only get this type of user-friendly interface by availing of the best brokerage accounts in India.

If you want to trade on the move, all you need to do is download their mobile application from the Appstore for your iPhone, and if you are an Android user, you will find the application on Playstore.

Superfast Trade Execution Performance

The trading platform of ‘Choice’ is called ‘FinX,’ and it is one of the fastest trade executors in India. It stays in real-time synchronizations with the stock exchanges in India, both BSE, and NSE to offer zero delays in trade.

There are various trading platforms available in India, but surely ‘FinX’ makes ‘Choice’ one of the top operators of the best brokerage accounts in India.

Paperless Account Opening

In this digital era, when the books have been upgraded to E-books, who will agree to come to visit a broker’s office to open their account to start trading or invest in the share market?

This is why ‘Choice’ offers a completely Paperless Account Opening facility and makes them one of the pioneers of starting the best brokerage accounts in India. Within a few minutes, your account will be opened, and you will be able to start trading right away. All you need to do is go to the ‘Choice’s’ website and click on the ‘Open Free Demat Account’ section on their website and fill out the simple form. Then the executives will do the rest; all you need to do is keep your PAN and Aadhar card close by.

Online Trading Guide and Learning Opportunity

‘Choice’ is more than an innovative trading platform. You can also learn from the large section of interactive learning schemes available on their platform. You will learn about new trading techniques, using various markers and trading tools, and speculating the asset prices more accurately for your trades.

This type of facility is not available on other platforms that claim to be the best brokerage platforms in India. But with ‘Choice’ you get all these parks for free.

Free Consultations Daily

Every morning, you will get free trade calls. Yes, ‘Choice’ will tell you which stocks you should pick for intraday calls and for free long-term investing. The experts of ‘Choice’ will speculate for you so that you always get a profitable trading day. If you think this is it, wait, ‘Choice’ has more interesting things in its pocket to stand out from the rest and be the real best brokerage account provider in India.

Unparalleled Customer Support

‘Choice’ also offers world-class customer support services. You can always reach them over the phone or by email. If the executives over the phone or email could not solve your issue, you can always visit their 48 registered offices available throughout the country. Not many stockbrokers can provide this level of sincerity to their clients regarding customer support.

But ‘Choice’ didn’t become one of the best brokerage account services provided in India. It took them more than 25 years to reach this level. With experience, they grew wisdom; this is also applicable for every trader in the share market. It will take some time to become a master of the market, and with ‘Choice,’ it may save some of your time and grow your investments and assets in the process.