Tech use, reviews, rating: What to look for when picking a stockbroker

List your requirements and shun firms with a high number of complaints against them

In May 2023, demat account openings reached a nine-month peak, rising by 32 per cent to 2.1 million from 1.6 million in April. Consequently, more individuals are nowadays trying to decide which stock broker they should go with. 

The recent Securities and Exchange Board of India (Sebi) action against IIFL Securities, however, has sparked concerns among potential investors about the safety of their funds with stockbrokers.
 

Norms are much stricter today

Industry insiders clarify that the Sebi action was based on on-site inspections conducted during 2014-15 when regulations were less stringent, and supervisory measures were comparatively lax. Says