6 Powerful Ways to Select the Best Equity Trading Company

Read hundreds of books on trading, ask the successful investors for the best of tips, and pray all you want- equity market will still remain volatile and a risky investment avenue for you if you’re a new investor. And perhaps this is why nearly every one agrees, venturing this path for the first time with no professional by the side is nothing short of a suicide mission. Well that unless, of course, you’re filthy rich and don’t care about your financial losses.

So to help you put your best foot forward in this undertaking, here are 6 winning ways to select the right trading company in Kolkata, India-

Know their extent of services- 

The extent of the financial services in Kolkata of brokerage firms range. Some offer just the order-entry, while there are those who also offer stock quotes, investment news, research tools and other custom tools. Know your requirement and then choose accordingly.

The main role you want your broker to play- 

Do you want to call all the buying and selling shots or want your broker to help you make the right decisions. If it’s the former one, discount brokers will save you bucks; for the later one, full service brokerage service is required. But since you’re a beginner, full-service is the way to go.

Gauge their market reputation- 

No surprise here- a equity trading companies in India with higher market reputation offers better services and is more reliable. So see their digital presence, the client types, past record, and other market factors to come with a rating on their reputation.

Look at their network- 

A brokerage firm with a big, wide network suggests a better market reputation and assure for wide and efficient services. So see how many sub-brokers they employ, number of locations they are located at and so forth.  

Take a look at their research report- 

Many firms offer personalized research reports to their clients; ask for this report before you finalize on anyone. See if you understand it; if it includes all the necessary information that you require and if the brokers help you understand it if you’re encountering some problem.

Ask unexpected and uncommon questions- 

Ask many questions to the broker; and not just the usual stuffs but also the not-so-common questions. Don’t be predictable with your questions and concerns; be unexpected. For this, face-to-face meeting with the broker is always preferred over talking over phones, texts and Skype.

These are the 6 easy and powerful ways to screen multiple trading companies to pick the best one. So now you know, so go ahead, get going!

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Depository Services in India for Non-Resident Indians

Making investments in the financial market in India can be very profitable. It has assisted many individuals to generate extra income for themselves and get a better quality of life. Many non-resident Indians or NRIs have understood the advantages of making investments in the financial market of their home country. They have woken up to the profitability of making investments in the markets in India. Due to this reason, NRIs are seeking depository services in India these days. If you are an NRI, you have to keep the following things in mind before availing such kinds of services.

Rules and regulations

In India, depository services come with a specific set of rules and guidelines. Anyone who wishes to invest any money in the Indian market has to abide by some rules and guidelines. There are some specific rules set for non-resident Indians and they have to satisfy these rules and norms prior to making any financial transactions. Any non-resident Indian who wishes to sell of a specific share has to also buy some other thing on the same day, and not delay the procedure. An NRI cannot buy a share and then transfer or gift it to another resident or non-resident Indian through any financial companies in India without getting permission beforehand from the Reserve Bank of India (RBI).

You need a PINS account

If you want to get advantages from the depository services meant for NRIs, you have to set up a PINS account. It is a permission that is mandatory for non resident Indians in order to execute transactions and trading activities in the stock markets in India. Just one bank has the authority to manage all the transactions carried out under the PINS account. According to RBI-stated guidelines and rules, NRIs need to maintain a separate PINS account. They cannot execute any personal transactions through this type of account.

You have to submit all the essential documents

In case you want to begin availing depository services in the country as a non-resident Indian, you have to furnish some important documents, which include your passport, overseas address proof, OCI/PIO cards, PAN cards as well as a power of attorney in your broker name. The broker will be the one you have assigned to manage the buying and selling of your bank shares. The RBI is strict about the papers submitted for non-resident Indian PINS accounts and the financial transactions.

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