Who is the best stockbroker in Srilanka?

Stockbroker plays an important role in buying a stock in Colombo stock exchange. There are over 20+ stockbroker in Srilanka. To find out who is the best stockbroker in Srilanka we have to analyze some important factors. Everyone have they own features and requirements to register with them. Without a stockbroker you can’t buy stocks.

When you register for a stock broker you will get stock adviser assigned from stockbroker from their side. He can place your orders. Normally all stocks brokers charge a specific percentage for every transaction you make through them. Normally it will somewhere around 1.12% from your transactions. The total detailed percentage is given below.

• Brokerage fees- 0.64%
• CSE fees- 0.084%
• CDS fees- 0.072%
• SEC fees- 0.30%
• Share levy- 0.3%

To select the stock broker in Srilanka to fulfill your stock needs, you have to consider some important factors when you selecting your stock broker. So in this article we give you five important things which help you to find the best stock broker for you.

The important tings you have to consider before selecting a stockbroker are,

1. Minimum investment to open a CDS account

2. Online trading platform

3. Minimum investment to get an online trading facility

4. Research reports

5. Mobile trading facility

1. Minimum investment to open a CDS account

Most of the stockbroker doesn’t charge a minimum investment amount to open a CDS account. But there are some stockbrokers who charge a minimum deposit to open an account. Its vary form 10,000 Rs to 1 Million Rs according to stock brokers. So you have to consider this thing according to your investment amount.

2. Online trading platform

There are three types of trading platforms in Srilanka.

• Atrad
• DirectFN
• Intellect

The core features of all there maybe same, but the response rate and satisfaction ratios is differs with stock traders. So be aware of the online trading platform your stockbroker offers. So do a research on the online trading platforms and decide which one is best for you.

3. Minimum investment to get an online trading facility

Like opening a CDS account, there are many stockbrokers who need and minimum investment to give access to online trading facility. And you can get some stockbroker who offers not a minimum threshold for accessing online trading facilities.  You have to consider this thing according to your investment amount.

4. Research reports

Research report is very important for beginner investors to choose the right stock wisely. This includes the performance of the companies listed in the stock exchange for the specific period of time. The detailed report which breakdowns whether we can invest in that stock or not is given in research reports.

Even though most of the stockbrokers offers an annual report to their investors but there are some stockbrokers they don’t share the reports with their investors. If you want an annual report detailing the stocks and performances, then go through that the stockbroker you willing to choose offer a research report or not.

5. Mobile trading facility

Mobile trading facility means the ability to buy and sell stocks through your mobile from anywhere without the help of computer. Most traders don’t use mobile for making the trades because its very hard to make the technical analysis and fundamental analysis through mobile rather than computer.

But for scheduled quick and easy access if you interested to do mobile trades, check whether your stockbroker offers you the mobile trading facility or not.

( If you wish to Watch a cool video explaining this topic – CLICK HERE )

Author’s Disclaimer:

Learn how to buy stocks with your stockbroker. To buy a share you have to know some basic aspects. First you have to know about stocks. If you have an idea about stocks, you have to choose the proper stock to invest. You can’t invest your money into a stock blindly. You have to do your research and technical analysis.

Once you done all those stuffs, you can invest into that company. To buy the stocks you have options along with your stockbroker. So based on your stockbrokers offerings you have to decide it.

When you register for a stock broker in Srilanka you will get stock adviser assigned from stockbroker from their side. He can place your orders. But if you want to do it on your own you have to get online trading facility.

1. If your stockbroker allows online trading, you can simply login to the platform they offer and buy that company stock from sellers.
2. If your stockbroker doesn’t allow online trading, then you have to place an order to your stock adviser to buy the stocks of the company you prefer.

So selecting a right stockbroker is important in your stock exchange. If you want to manage the buy and sell (Trading) you have to select the right stockbroker who gives those facilities. If you don’t want to involve in trading then you can simply chose any stock adviser to take care of those things.

There is nothing like which is the best stock broker in Srilanka. Selecting a stockbroker is not a onetime thing. If you don’t satisfy with your stockbroker, you can simply switch to another one by following the right procedures.

{ CLICK HERE to get Free Stock Broker Analyze Report!!!! }