What is a Broker?

  • You need a broker to buy and sell shares on your behalf
  • A brokerage account is like a bank account for investing

So you’ve decided to become an investor, but how do you go about actually buying shares?

Shares can only be purchased by a licensed professional called a stockbroker. These are licensed and accredited professionals who ensure that trades are conducted with all the necessary legal and regulatory procedures. A stockbroker will buy and sell shares on your behalf in exchange for a fee.

Stockbrokers, therefore, act as a middleman between investors and the market. Much like if you’re feeling unwell, a doctor provides you a prescription, and the pharmacist fulfils that prescription. This is essentially the function of the stockbroker.

Choosing a Broker

To find the best broker for you, you need to evaluate your needs as an investor. 

Here are some things you should consider:

  • Availability for your region/citizenship
  • What Stock Exchanges do you want to invest in and are they supported by that broker
  • What fees apply with the broker
  • Does the broker offer mobile and/or web accessibility

MyWallSt Advisory

MyWallSt Advisory LLC, a wholly-owned subsidiary of MyWallSt Ltd, is a digital financial services company that allows you to trade your way with access to a team of professional advisors to assist you in owning your financial future.

What you can expect when opening a MyWallSt Advisory account:

  • An efficient trading platform application and investing experience
  • Additional access to a team of friendly, licensed personal finance professionals
  • The ability to trade in fractional shares on the U.S. Exchanges*
  • Access to a mobile app on  iOS  and  Android

You can open a MyWallSt Advisory account here.

If you would like to read MyWallSt Advisory's legal disclosures, you can do so here. Or, if you have any questions you can contact the Advisory team directly via hello@mywallstadvisory.com.

*Universe of available securities limited to publicly traded stocks and Exchange Traded Funds approved by the broker, DriveWealth LLC. Such list is subject to change.

(MyWallSt Advisory is unable to accept applications for clients living in Canada, Cuba, Iran, North Korea, Russia, Syria, and some other countries. If you reside in any of these countries please see the list of other brokers below)

Other Brokers 

We have also collected a list of other popular brokers that our members use and separated them out into the regions where they are available. The below broker-dealers are all used by our members in a long-term investing capacity. 

Find your region below and expand the list to see brokerage options available to you:

DEGIRO



Interactive Brokers



Revolut



eToro



Freetrade



Fidelity



TD Ameritrade



E*Trade



Interactive Brokers



eToro (not available in New Zealand)



Stake



Interactive Brokers



eToro



Interactive Brokers



Interactive Brokers



Nigeria specifically

Interactive Brokers


Disclaimer: 

Investing involves risk of loss 

Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.

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This website is operated by MyWallSt Ltd (“MyWallSt”). MyWallSt is a publisher and a technology platform, not a registered broker-dealer or registered investment adviser, and does not provide investment advice. All information provided by MyWallSt Limited is of a general nature for information and education purposes, and you should not construe any such information as investment advice. MyWallSt Limited does not take your specific needs, investment objectives or financial situation into consideration, and any investments mentioned may not be suitable for you. You should always carry out your own independent verification of facts and data before making any investment decisions, as we cannot guarantee the accuracy or completeness of any information we publish and any opinions that we publish may be wrong and may change at any time without notice. If you are unsure of any investment decision you should seek a professional financial advisor. MyWallSt Limited is not a registered investment adviser and we do not provide regulated investment advice or recommendations. MyWallSt Limited is not regulated by the Central Bank of Ireland. MyWallSt Limited may provide hyperlinks to web sites operated by third parties. Your use of third party web sites and content, including without limitation, your use of any information, data, advertising, products, or other materials on or available through such web sites, is at your own risk and is subject to the third parties' terms of use.