Hello everyone - I am a new investor looking for a reliable broker. I have seen reports of orders not going through, inability to login or fetch data , failure to unwind a position etc in volatile conditions with almost all discount brokers from people who lost quite a bit of money because of that. My intention is to mostly indulge in long term investing but even that might sometimes involve trading in very active markets to, say, take advantage of a dip or to close a position to avoid losses.
I dont mind paying a substantial fixed price per executed order ( like Rs 100 as opposed ro the current low charges ) but I dont want to pay a % of trade value that most full service brokers charge. Discount brokers are cheap but none of them seem to be reliable.This is just my impression as a novice reading about others' experiences and I hope you all can educate me.
Thanks in advance
I dont mind paying a substantial fixed price per executed order ( like Rs 100 as opposed ro the current low charges ) but I dont want to pay a % of trade value that most full service brokers charge. Discount brokers are cheap but none of them seem to be reliable.This is just my impression as a novice reading about others' experiences and I hope you all can educate me.
Thanks in advance