(6) Avail Benefits Of Special Free Trading Offers For New Customers
It is one of the best tricks to invest & trade in stocks without paying brokerage charge. Stock brokerage industry is a highly competitive industry that is facing several challenges worldwide.
It is the reason why stock brokerage firms are slashing their commission rates every now & then.
According to a post published in Forbes, since 2000, the number of brokerage firms in the US has fallen by almost 25%.
Today, brokers are focusing more on quality of products & services along with pricing structure. Several online stock brokers are offering special free trading offers for new customer.
This business strategy is mainly employed to attract more & more customers to their platform. For example, TD Ameritrade offers 60 days of commission-free trading for new customers with deposits of $3,000 or more.
Similarly, E*Trade is offering up to 500 free trade commissions for each stock or options trade executed within 60 days of deposited funds in a new account.
However, investors are advised to read fine prints to understand various terms & conditions of the offer.
(7) Pay No Brokerage On Either Side Of Trades Done On Special Festival Day
It is one of the most profitable tricks to trade shares at little to no brokerage commission. Investors are always eager to trade stocks on special festive seasons.
It is the reason why a number of stock brokers offer special discounted offer on festival day. For example, one hour Muhurat trading on Diwali (festival) is often accompanied with different brokerage discounts.
According to a post published in National Stock Exchange, Diwali marks the beginning of the New Year; it is believed that muhurat trading on this day brings wealth and prosperity throughout the year.
However, the time of muhurat trading is usually different than normal trading hours. It is often specified by the stock exchange.
Therefore, stock brokers would never like to miss out this opportunity to grab investor’s attention in festive season. They start offering special brokerage discounts for that auspicious day for investing in stocks.
Thus, investors can avail the benefits of these discounts just by trading securities on that day.
- Trading Tricks At Reduced Brokerage: Shutterstock