Top 3 Best Stock Brokers in Mumbai & Near By Localities
Stock Brokers in Mumbai
Find Stock Broker Near Me in Churchgate, Marine Lines, Colaba, Charni Road, Malabar Hill, Grant Road, Mumbai Central, Mahalaxmi, Lower Parel, Prabhadevi, Dadar, Matunga Road, Mahim Junction, Bandra, Khar Road, Santacruz, Vile Parle, Andheri, Powai, Versova, Jogeshwari, Ram Mandir, Goregaon, Malad, Kandivali, Madh island, Gorai, Borivali, Dahisar, Mira Road, Bhayander, Mumbai CST, Masjid, Sandhurst Road, Byculla, Chinchpokli, Currey Road, Parel, Dadar, Matunga, Sion, Kurla, Vidyavihar, Ghatkopar, Vikhroli, Kanjurmarg, Bhandup, Nahur, Mulund, Thane, Dockyard Road, Reay Road, Cotton Green, Sewri, Wadala Road, King’s Circle, G.T.B. Nagar, Chunabhatti, Kurla, Tilak Nagar, Chembur, Govandi, Mankhurd, Vashi, Sanpada.
What does a Stock Broker do in Mumbai?
Stock brokers in mumbai are basically agents who trade securities on behalf of their clients, in return for a commission. A trader’s work begins much before the trading hours start as he has to be thorough about all the fundamentals and the other research part. You can easily open an account with any stock broker in mumbai that you want to trade with. They all can be differentiated on the basis of brokerage, trading platforms, types of products offered, margin, etc.
With a stock brokers in mumbai, you can deal in any type of instruments like bonds, shares, mutual funds, commodities, derivatives, etc. They also help you in transferring funds from your trading account to bank account. A stock broker is going to provide you with the necessary services pertaining to buying and selling of securities, but they have nothing to do with the risk management part. That is solely on the investor’s responsibility.
What is the importance of Stock brokers in the stock market?
1)Suggest best deals
Mostly a Stock broker deals in all different types of securities. Stock Brokers suggest the best deal to buy or sell stocks and may also advise traders when to buy or sell stocks. But they are not licensed investment advisers.
A Stock broker receives orders from traders and further place those orders on exchange. Once the orders have been successfully placed, traders are informed about it. However, this is the case with full-service brokers, discount brokers and online brokers facilitates traders with a trading platform where traders can place their order on their own. All the orders are reflected in demat account once they are executed. Shares in electronic form will be added if a trader buys a share and removed if he sells a share.
Now a day’s stock brokers are well capitalized. Stock Brokers lend capital to traders who are looking for leverage positions. A margin amount is to be paid by trader after which they are allowed to take a position in market. Generally, this margin amount is 50%. This is not a mandatory role of a broker.
4)Paid on commission
Stock Brokers in mumbai charge brokerage in the form of commission for the services they offer to traders. This is some percentage of value of the trade in case of full-service brokers. Discount brokers charge flat commission which is pre decided on every executed order.
The Zerodha Mumbai is one of the Top Stock Brokers in Mumbai
The Emkay Share & Stock Brokers Private Limited is one of the Top Stock Brokers in Mumbai
The Arcadia Share & Stock Brokers Pvt. Ltd. is one of the Top Stock Brokers in Mumbai