![]() However, you should consider buying shares as part of a well-rounded investment strategy, rather than simply buying the share because you like the company or brand. They’ll hold the shares for you, you don’t need to do anything! Just log back in when you want to sell them. Here’s our eToro review and Trading 212 review to learn more. Is to simply buy their shares directly via a low cost trading platform such as eToro or Trading 212. This is often all handled automatically when you go to purchase the stock, and you’ll be shown the fee. When you buy stocks in a foreign currency, for instance buying US stocks in Dollars, you’ll have to convert your Pounds to Dollars first to buy the shares. Some brokers don’t charge a fee at all either! (Such as all our recommended platforms above.) Currency conversion fee Some brokers will charge an account fee, which can either be a percentage of how much you have invested with them every year, or a flat monthly fee for an account. This can range from £0 (commission free), to as high as £11.95 per deal (with more traditional brokers like Hargreaves Lansdown). Which is often called a share dealing fee, share trading fee, or simply commission. Some stock brokers will charge a fee per transaction. Here’s a run down of all the fees you might expect when buying shares. It’s simply the unique code a stock exchange uses to represent the company (a stock exchange is a place to buy and sell stocks – more on that below). ![]() Is called the stock ticker (or a ticker symbol). Which has given rise to the retail investor! – Everyday people able to make investments for themselves and grow their wealth just like the rich. ![]() And because they’re online, they are much cheaper – in fact often commission free (so no fees to buy or sell at all). All you need is some money and an internet connection. They’re websites (platforms) and apps which you can use to easily buy stocks and shares yourself. These days, stock brokers are all online (and so is the stock market). Although they do still exist, now they are more of a financial advisor who can provide the right investment advice for you too. In the olden days, you needed an actual real person to buy investments for you on the stock market, which you’d call up or meet face-to-face, and they’d go off and buy the investments for you, as you need a licence to buy investments. If you’re not quite sure what a stock broker actually is, and why you need one, here’s a quick run through. ![]() It's the same! What actually is a stock broker? ![]()
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