What is Brokerage Calls? Check List Top 10 Stockbrokers in India

Written by Rayden Sam Posted on 2024-01-12

The interest rate imposed by banks on loans given to brokerage firms is known as the broker’s call. Brokers guide investors and make their investments fruitful.

Introduction to Brokerage Calls: A Broker’s call, also known as the Call loan rate, is the interest rate used to estimate margin loans. Individuals may borrow a portion of the funds used to purchase stocks from their broker on margin. In exchange, the broker may borrow funds from a bank (with an agreement to repay the bank immediately on call).

The broker has a base rate, which is often the call rate. The effective rate will have a percentage added or removed depending on the amount borrowed, with the lowest rates for the most money borrowed.

Importance of Brokerage Calls or Stockbroker

Aside from buying and selling stocks on behalf of clients, the job of stockbrokers has changed dramatically over the previous decade. They guide investors through the entire investment process, provide research-based stock recommendations for decision-making, and help in investing in alternative investment assets, IPOs, and mutual fund schemes.

Stockbrokers are attempting to make stock market investments simple and uncomplicated in the present era of FinTech by adopting new-age technologies. For example, most stockbrokers now have a mobile application that allows you to purchase or sell shares in a single click within seconds, manage your investments, establish watch lists, communicate with the community, and do a variety of other things.

Types of Brokerages

There are primarily three types of brokerages

Full-service broker
Discount brokers
Robo-advisers

How do brokers perform their work?

A broker acts as a middleman. Brokers match customers with suppliers, complete the deal between the two parties, and charge a fee as a commission for their service. If one customizes an online brokerage service to buy securities, a person is standing between the person and the deal. The brokerage software program makes the perfect match as per the user’s requirements.

Top 10 Stockbrokers in India

ICICI Direct

Charges of Brokerage Calls: free

M. Stock Free