How to select the right stock broker?  |  MMTZ Talks!
Channel: Money Matterz Talks
Date: 04/03/2021

HOW TO SELECT THE RIGHT STOCKBROKER?
10 commandments of Equity Investment Ho gaya, IPO compliances ke bare mein aapne jana, IPO mein invest kaise kare ye bhi apko hamne bataya… so naturally the next step is to open your Demat account.
If you haven’t watched this video please do watch it on our youtube channel Money Matterz talks. 
But we have found that people are apprehensive to open their DEMAT account as they are not sure of the Stock Broker
So in today’s episode, we will like to throw some light on this matter so you can select the right stock broker for you. Do like share and subscribe to this video
Aab Pehele samjte hai es process ko.
As per guidelines laid down by SEBI, agar aapko yaani if any retail investor wants to transact in stocks i.e. buy and sell shares and other securities they have to open their account with a registered member with the exchange. 
And stockbrokers are the registered members of the exchange. With that, they also have the main responsibility of creating a platform for retail investors so that it is easy, fair and convenient for investors to transact. 
Now the significant question is are these brokers safe?
Jab koe bhi broker apka account open karta hai he has to also open or link your account with a depository participant. Now who and why?
A depository participant is a third party…… who is independent of the stockbroker and is the custodian of your shares which you buy by paying the full value of the security.  It is the responsibility of the stockbroker to transfer shares in your account with depository participant once you have bought them. Yaane aap apke ke shares ke malik and depositor participant act like your locker. Now you can access these shares anytime and you have complete control of your shares………. 
Ye structure banaya gaya hai to protect you and under the guidance of SEBI is constantly Audited and monitored thus making is safe and secure to prevent any frauds. 
The two entities that act as depository Participant are CDSL and NSDL. 
Now that we know the structure and importance of a stockbroker lets look at how to select the right stock broker for you.
Humare Hisab se it is important to understand what category you belong to as an investor before selecting a stock Broker. Many people look for a broker who offers discounts and we feel that is not the right approach.
There are two types of Stock Brokers the traditional brokers have a team to provide you guidance from setting up your account to helping you with research basically hand hold you and also provide you with a dealing desk.
Nowadays we have seen a growth in new age brokers also called Discount brokers. These brokers are more suitable for seasoned investors. 
And provide an advance platform for traders and investors to test their investment strategies and also execute them. However, they have very less or no human intervention and is a DIY platform. 
This will all we have to share with you and will help you in selecting the right broker for you
For more questions and queries on such topics related to investing or Personal Finance do write to us with your questions and queries. 
Thank you for your encouragement and we look forward to your support.
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Happy Investing