a) What are the functions of a stockbroker?

A stockbroker is an individual or organization that is licensed by the government for trade of shares / units and has the right to access the market share. In paying a small fee, acting on its behalf in the stock market and carries out its transactions buying and selling shares. Besides these, also provides professional advice on buying and selling bonds for government bonds, and trusts that include property, etc

b) Full Service Broker (advisory):

Stock brokers are generally divided into two categories:

• Full Service Brokers
• Discount brokers

As the name implies comprehensive services for the trading of financial planning Customers are provided by a full service broker. Based on your financial goals and objectives, which advises on the investment portfolio of the client and additions / Amendments required in some occasionally. From that provides comprehensive services, their charges are slightly higher than discount brokers.

c) Selection a full service broker:

As a full service broker will be the vital link for financial affairs, the selection of the same must be done great caution and circumspection. We need to evaluate some of their skills in the following areas:

• What is the charge for services it offers and how they compare with others in the market?
• Is your advice and support equity research data adequate?
• Does the access to the Fleet?
• What is the style and pattern of your investment?
• Their communication system is reliable? Do they communicate with their customers on a monthly, weekly or daily? Do you print any news bulletin etc?
• What is the frequency of review your investment portfolio? Will you check often, however, to increase their return?

d) staff discount (not advisory):

Discount brokers generally provide limited services for buying and selling of shares / units on the basis of orders given by you, by telephone and / Or the Internet. Since its services are advisory, their share is less vis-à-vis full-service brokers.

e) Selecting a good broker Discount:

We need to review the following guidelines before selecting a good discount broker.

• Is that it provides added value?
• What is your mode of contact with him or network?
• Is any amount of cargo to the monthly subscription fees?
• Are you offering discounts for regular traders?
• Are you asking for a special account cash management to trade?
• What do you charge for the purchase / sale?
• What is your reputation in the market?
• Are you making use of information privileged?

If you are trying your hand at the market share for the first time, you should use the services of a full service broker, to prevent burnt fingers. For regular traders, agents sufficient discount.

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