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How Can I Buy Stocks Without a Stock Broker?

Most online brokerages offer smartphone applications that allow individuals to initiate their own stock trades.
Individuals who carry out their own trades must remain up to date on current stock prices and trends.
A top-notch stockbroker can save an investor a great deal of money.
Article Details
  • Written By: Diana Bocco
  • Edited By: Bronwyn Harris
  • Last Modified Date: 17 November 2014
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Most people who think of investing automatically think of finding a broker. This is sometimes a necessity, since it is impossible to execute stock trades unless you are a broker or an employee or member of an exchange floor. If you want to invest in traditional stocks, you will need a broker; you also need one if you are just starting and have no previous knowledge of investing and trading. However, there are some instances in which you can buy stocks without a stock broker.

To do this, you can open your own brokerage account. This can be done through a broker but then handled on your own, or you can become your own broker. If this sounds too complicated or time consuming, you may consider investing directly through a company's purchase plan. This is a popular stock sale option offered by many big companies. Thanks to the program, you can buy stock by contacting the company directly and offering an initial deposit or the option of a monthly bank debit. This is the easiest way to buy stocks without a stock broker, as you only need to decide which company you want and how much your monthly investment will be. After that, you can simply let the company do the work for you.

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Many companies also offer something called Dividend Reinvestment Plan (DRIP) in which all dividends are reinvested in additional shares rather than being deposited into your bank account. If you want to buy stocks without a broker, enrolling on a DRIP program may be the easiest and quickest, as it can often be done online in a couple of minutes, even by inexperienced investors. Some companies require you to own a share in the company before you can enroll in their DRIP plan. This can be done easily if the company you are interested in is a big one, as most corporations have shares available for sale to the public.

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Discuss this Article

anon255383
Post 6

I don't have an idea how to buy a share from the companies. I am doing engineering. Please someone, guide me how to buy a single share directly.

anon139335
Post 5

I have a brokerage account with BoA, but I want to keep my stocks and get away from BoA since they now want to charge my a large quarterly fee

anon37304
Post 4

Temper of the Times Investor Services Inc. offers an enrollment service. It will get a share of stock (or up to 100 shares of stock) registered in your name. Then it deals with the transfer agent of any of about 1,300 companies to get an account open in your name. The cost for the service is $25 or $50--depending on whether you are a member of its service. This is the least expensive way to get shares registered in your name and get enrolled in a DRIP. You can find them online.

anon36605
Post 3

The easy way to buy stocks without a broker is to Enroll in a DRIP plan. There are about 1,300 companies that let you invest directly with out a broker. The internet has a full listing of the companies.

computertech
Post 2

Where can I go to open my own brokerage account through a broker, and still be able to handle it on my own. I'm not familiar with any situations like this.

anon5306
Post 1

Where can I go to open my own brokerage account through a broker, and still be able to handle it on my own. I'm not familiar with any situations like this.

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