The role of a stockbroker in trading shares
Fsp Invest, 18 Dec. 2013
Tags: stockbroker, buying and selling shares, how to buy and sell shares, stock exchange, trading shares
When you’re a private investor, you can’t simply call up the JSE and tell them you’d like to buy a few thousand shares in Anglo American. That’s just not how the market works. And that’s where stockbrokers come in. Let’s take a closer look at the role stockbrokers play in the buying and selling of shares.
Your transactions on the stock exchange take place through a stockbroker…
To buy or sell shares, you have to place your order with a registered stockbroker.
The JSE sets many rules and regulations around how brokerages need to work and what will happen it the brokerage goes bankrupt—which might sink your money along with it! These rules exist to protect your money.
In essence, stockbrokers are the middlemen between you and the exchange.
When you want to start buying and selling shares, you need to source a reputable stockbroker. They’ll need to have a licence to trade on the JSE.
We at FSP Invest use Imara SP Reid as our registered stockbroker.
If you feel you’re ready to start trading shares, you can contact them through their website at http://trade.imara.co/imaraco/.
All the best on your share-trading journey from the team at FSP Invest.
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