Which is the Most Trust Worthy Online Stock Broker in 2022?
Article: What is the most trustworthy online stock broker in 2022?
In my experience of 11 years of trading, I have traded with many firms, most of the firms do not provide transparency on their charges, put all terms and get signed at once in a 20 pages documents, even when you ask 10 times there will be no one to explain charges properly.
Some charges are 1% free and some charges per transaction 180Rs. If we ask they take a month time to respond and hence you lose out concentration. There are many firms charging fees even for a canceled order, if orders are placed once then charges are 100% levid. ever the transaction may be. They will eat up your money.
STT, Transaction charges, Cancelled order Charges, Tax, DP charges, Turnover based charges, and regulated charges are applicable.
Under this kind of world, one person identified this difficulty and changed the way of trading, kept all charges transparent, removed all unnecessary charges, no more hidden charges, and no more canceled orders charges. The firm is named Zerodha and the owner is Nithin Kamat.
Zerodha is India’s most trusted firm. At present holds 6 million traders across India and worldwide. Provides a Zero Brokerage account and a calculator to trade and check about your charges. There is complete transparency in this firm.
Charges are either nil or lowest in the industry, 0.03% or 20Rs whichever lower or it will be free trade. There is nothing called hidden charges here.
This is the major reason but additional top reasons are its platform, Kite 3.0 which is known to be the best platform for trading in India. There is another firm called Zerodha Coin and it is best among mutual funds investments.
Zerodha Allows multiple firms like Varsity for learners, Pi for technical learners, Small cases for group and bulk traders, etc many platforms are the best of the best in the industry.
6 million people using daily and 12 million average transactions in a day markets largest firm, more than 10k cr trade funding happening and larget in terms of Customer service too.
Hope you choose this firm for your investments and trading.