How to buy shares on the stock market

Julie Brownlee, Fsp Invest, 03 Sep. 2015

Tags: stock broker, how to buy shares, stock market, how to buy shares on the stock market, how to find a stock broker, how to open an account with a stock broker,



If you want to buy shares on the stock market, you need to open an account with a stock broker.

So why do you need a stock broker? Where can you find one? And how can you open an account?

Read on to find out what you need to know…



Why do you need a stock broker?


To buy and sell shares on the Johannesburg Stock Exchange (JSE), you can’t approach the stock exchange directly. You need to do it through a stock broker.

A South African stock broker is a member of the JSE. The JSE has a number of rules and regulations that a stock broker must adhere to become a member of the exchange.


Where can you find a stock broker?


For a comprehensive list of all the stock brokers which are members of the JSE, you can visit the JSE’s website. There’s a section listing all its members and what they specialise in. You can view this here.

You can look through the different stock brokers and find one suited to you. Most banks also offer stock broking services, so worth looking at your own bank’s offering too.

When selecting a stock broker, the important things to bear in mind are:

  • How much a stock broker requires to open an account;
  • How you trade (over the phone, online or both);
  • The fees and commissions they charge; and
  • Other services you may want to use in the future.


How can you open an account with a stock broker?


Once you decide which stock broker to open an account with, you need to complete an application form. As part of your application, you’ll also need to provide documentation to meet with FICA regulations.

When your stock broker processes your application and does the necessary checks, you can then deposit money into your account and start to buy shares.

So there you have it. How to buy shares on the stock market.

*********** Advertisement ************

“Fast-track Millionaire woke me up, to get up and do what I have to do to succeed” - S. Nkande

Right now, there are literally millions of South Africans just like you… You’ve worked hard your whole life. You’ve been good parents and provided for your children. You’ve even been diligent enough to build up a bit of a nest egg to retire on.

I want you to live a life where you have more than enough.

I want to show you how to take your future into your own hands.

If you’re tired of being a financial victim and you’re tired of empty promises, then I encourage you to join me in my quest to, “stick it to the man”.

Click here to find out how you can take your financial future into your own hands!

***********************************


Related QA

Pic
phofa asked:
Hi.i am a new trader and have opened an account with Protrade. i do not know how to place a position and navigate through the platform. Please help [read more]
Published at 26 Feb. 2018 in: Stock Brokers 1 Answer
Pic
jeremiahmphahlel2 asked:
Hi I want to invests in penny shares. Which stock broker do you recommend I should join ? [read more]
Published at 22 May. 2017 in: Stock Brokers Stock market 1 Answer
Pic
benefit asked:
Dear Sir. I am new and interested in doing a training as a forex trader and trading other stocks in the financial markets. Also i am looking forward [read more]
Published at 10 May. 2017 in: Stock Brokers Trading 1 Answer
Pic
tebogotakatso asked:
Hi Tim I am now ready to start my portfolio... could you recommend stock stockers for me... Does one really need a stock broker or can buy/sell [read more]
Published at 08 Mar. 2017 in: Stock Brokers Stock broker for red hot penny shares 1 Answer
Pic
Thabs asked:
How do I open a demo account at EasyEquities? [read more]
Published at 11 Aug. 2016 in: Stock Brokers Trading shares 1 Answer

Related articles:


Latest:

Comments
0 comments



 
 


Youtube Twitter Facebook

Connect with us:    

POPULAR TOPICS
  • Accelerated Investor
  • Accessories