We are small traders having small money in the trading account and small stocks in the demat account.
But there are really big players having big money in the trading account and big stocks value in the demat account!
How do these big players safeguard their big money and big stocks ; if the broker trading member / DP ; does any intentional/ unintentional mischief ?
What do you think big players with Thousands of crores will open account in zerodha, aliceblue??
To get good leverage plan for Thousands of crore??
What / how do the big players do ?
They got there own membership with exchanges, there are self brokers, they don’t open account with discount,traditional brokers,
They open account with NSE/BSE directly by taking membership,
So middle class, small retail traders cant open directly with exchange, coz there annual charges are hefty, Thats how Traditional / Discount brokers arrives🙂