Using broker vs. doing myself

ammatahudu · 11 July 2017

I am thinking of getting into the stock market.
Do I get a broker attached to my buying and selling even if I trade by myself online?

pixel · 11 July 2017

You always need a Broker if you want to buy or sell shares.
But if your question refers to a personal advisor at the Broker (Company) office, the answer is No. Online brokers usually facilitate DMA (Direct Market Access), routing your buy and sell order straight from your computer/ mobile app through into the respective stock exchange's Execution system.

ammatahudu · 11 July 2017

pixel said:
You always need a Broker if you want to buy or sell shares.
But if your question refers to a personal advisor at the Broker (Company) office, the answer is No. Online brokers usually facilitate DMA (Direct Market Access), routing your buy and sell order straight from your computer/ mobile app through into the respective stock exchange's Execution system.

I am an Aussie citizen now but initially from Sri Lanka. In Sri Lanka I use to buy and sell online but yet a broker fee was deducted and I was told I had a personal broker through a brokering company although I never got his assistance to buy and sell.
Is this the same scenario in Australia?

Using broker vs. doing myself

ammatahudu

pixel

DIY Trader

ammatahudu

Similar threads

Using broker vs. doing myself

ammatahudu

pixel

DIY Trader

ammatahudu

Similar threads

Privacy & Transparency

Privacy & Transparency