A guide to stockbrokers in Perth
If you're looking to buy shares from Perth, there are a few options available to you.
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If you're looking to invest in the stock market from Perth, you have 2 main options available to you. You can buy stocks with a full-service stockbroker or go through an online broker.
A full-service stockbroker does all the trading for you and may give you financial advice. You can phone or email your personal stockbroker and they'll buy or sell stocks upon your request. Firms that offer full-service broker services include Morgans, Goldman Sachs and Morgan Stanley.
With an online broker or share trading platform you do all the trading yourself. This means you could do it from any city or country, so long as you have an Internet connection. Because it's much cheaper than using a full-service broker, this option is better if you're only planning to invest small amounts.
Stockbrokers located in Perth
If you prefer speaking face-to-face with a stockbroker, it may be best to sign up with a broker in your city. According to the Yellow Pages, there are more than 20 brokers located in Perth. You can compare some of the most popular ones in the table below:
|Amscot Discount Stockbroking||Perth WA 6000|
|Argonaut||Level 30 Allendale Square, 77 St Georges Tce, Perth WA 6000|
|Bell Potter Securities Limited||Level 37 Exchange Tower, 2 The Esplanade, Perth WA 6000|
|Blackswan Equities||Level 18 Alluvion, 58 Mounts Bay Rd, Perth WA 6000|
|CPS Capital Group||Level 45, 108 St Georges Tce, Perth WA 6000|
|Cunningham Securities||Level 45, 108 St Georges Tce, Perth WA 6000|
|Euroz Securities Limited||Level 18 Alluvion, 58 Mounts Bay Rd, Perth WA 6000|
|Indian Ocean Capital||Perth WA 6000|
|KOSEC||Perth WA 6000|
|Morgans Financial Limited||Level 20, 140 St Georges Tce, Perth WA 6000|
|Sanford Securities Limited||Level 7, 141 St Georges Tce, Perth WA 6000|
|Sentinel Financial Group Pty Ltd||Level 21, 221 St Georges Tce, Perth WA 6000|
The online brokers in the table below allow you to buy and sell shares from your computer or smartphone from anywhere in Australia.
If you're not sure if this is the right choice for you, you can sign up to any of these platforms for free and take a look around before deciding. It's not uncommon for someone to have both a full-service broker and an online broker for smaller trades.
Important: Share trading can be financially risky and the value of your investment can go down as well as up. Standard brokerage is the cost to purchase $1,000 or less of equities without any qualifications or special eligibility. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.
Why use a local stockbroker?
Although online brokers are cheaper, there are some good reasons you may prefer to use a local full-service broker. Customers that may be better suited to a full-service broker include:
- People looking to get financial advice catered to their personal circumstances
- Self managed super fund (SMSF) holders who may require extra assistance managing their portfolio
- People wanting to invest large amounts
- Those wanting financial planning or accountancy services
- Those making the move into retirement that require advice on their superannuation
- People with large or complicated investment portfolios
How to compare Perth stockbrokers
If you're looking for a local stockbroker, there are a few things you should consider before signing up:
- Fees: These include the costs of placing an investment order, such as brokerage fees and any annual or monthly account fees.
- Services: These differ between stockbrokers. Depending on what you need, check whether they offer personal advice, financial planning and accounting.
- Customer care: How will you communicate with your broker? Can you phone them regularly for advice or will it take a few days to get back to you? Check if they offer phone, email or in-person services.
- Products: Check what investment or trading options they offer, such as stocks, bonds, warrants, options, forex and commodities.
Whether you go with a local stockbroker or an online broker comes down to how much you'll be investing and what services you need. Some people choose to use both – a broker for small trades and a full-service broker to manage their larger portfolio.
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