There were actual repercussions for these false ideas. For millennia, exploration was deterred by the dread of "falling off the Earth." And not bathing? Well, because of inadequate hygiene, it facilitated the spread of diseases like the Black Plague.
That’s the thing about myths: they hold you back. And myths about stock broking are no different. They may be quietly stopping you from building a diversified portfolio, making informed decisions, or even stepping into the market in the first place.
So, let’s set the record straight and start by debunking some of the most common (and costly) myths about stock broking.
Myth 1: You Need a Lot of Money to Open a Demat or Trading Account
Why People Believe It: The word “stockbroker” still sounds like something reserved for wealthy people in suits trading lakhs at a time.
What’s True: Today, most stock broking platforms allow you to open a demat and trading account for free or at very low cost, with no minimum investment requirement. You can start with ₹100 or less.
Pro Tip: Don’t wait to "have enough" to begin participating in the stock market. Start small and build as you go.
Myth 2: Brokerage Fees Will Eat Up All My Returns
Why People Believe It: People often remember old-school brokers charging a high
What’s True: The majority of contemporary stock market brokers provide flat ₹20 per intraday trade and 0% brokerage on delivery. If you are a long-term investor, you probably pay more in brokerage fees than you do in late fees for your OTT subscription.
Pro Tip: A good broker does more than just cut expenses. When choosing a broker, pay attention to features, execution speed, and platform dependability.
Disclaimer: Before trading, review the broker's terms and fee schedule.
