I personally see no Risk at all with Discount Brokers. But there are are large breed of Discount Brokers now. As a Trader it is not that difficult to chose some of them according to Trading Platform / Margin / Backoffice Service etc.
But when it is time to INVESTING I will chose well known and experienced Traditional Brokers. This is my thinking and not Mandatory.
As I said above I agree with it But which Discount Brokers is very important.
I am trading with Zerodha since 2010 when they Born. They have now 350,000 customers but I was with them when they have just 350 customers. When trading platform was NSE Now only and even they was not member of BSE
When majority of world think security/reliability concerns with them, I believe them. And in last 7 yrs they proved them as Best Discount Broker. Though there are certain issues I and other traders faced with them but at least I am happy with them.
But still I chose them for Trading not for Investing ....
OMG ... This is what I get Today.
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