What is a share broker in New Zealand?

A share broker - otherwise referred to as a share dealing platform or online stock broker, allows you to buy and sell shares at the click of a button. Once you have opened an account and made a deposit, you will be able to choose from thousands of companies. Are New Zealand share brokers safe?

Who is a stock broker?

Definition of Stock Broker: A Stock Broker is a person or professional who executes buy and sell order of shares and other securities like currencies, commodities on behalf of their clients. You should know in India we can not buy and sell shares directly from stock exchanges like NSE and BSE.

What is a typical share broker transaction?

A typical share broker transaction would like the following: You sign up with an NZ broker and upload some ID You deposit $500 NZD into the broker with your everyday debit card You decide to buy $100 NZD worth of shares in Apple $100 NZD is subsequently deducted from your brokerage account balance, leaving you with $400 to invest elsewhere

How much does it cost to trade at a share broker?

For example, IG charges a flat fee of £8 ($15 NZD) or £3 ($5 NZD) per trading depending on your account volume. SAXO Bank, however, charges a variable fee with a minimum commission. Other share brokers – such as Plus500, charge no trading commissions or share dealing fees at all!