Sell Shares Without a Broker - Sell My Shares (2024)

FAQs

Can I sell my shares without a broker? ›

Yes, you can buy and sell stocks on your own without an investment bank or brokerage firm.

Yes, you can buy/sell stock from/to a friend, relative or acquaintance without going through a broker. Call the company, talk to their investor relations person, and ask who the Transfer Agent for the stock is.

If a stockbroker fails to obtain permission from their client before selling or buying stocks or other securities in their account, they are subject to legal action. Unauthorized trading can leave a broker facing both criminal charges and civil lawsuits.

The short answer is no—you don't need a living, advice-giving, fee-charging broker (although you shouldn't rule them out). You do, however, need a brokerage—the online storefront where you purchase stocks, bonds, exchange-traded funds (ETFs), and other investments.

Stocks can be cashed out by selling them through a broker on a stock exchange. Selling stocks can provide cash for major expenses or to reinvest in other assets.

You can buy or sell stock on your own by opening a brokerage account with one of the many brokerage firms.

For issuer-sponsored shares, that is, shares you hold via a direct relationship with the company you hold shares in, you can use a simple online broking service like Sell My Shares to facilitate the sale of your shares. This isn't the same as having to establish a relationship with a full-service stockbroking firm.

Most brokers charge you for every certificate you sell, but how much depends on the value of your shares. Some will offer discounts for regular traders. For example, if you sell shares worth £10,000, you may get charged 1% (£100) to sell them. But if you sell another £10,000, the charge may reduce to 0.5% (£50).

Key Takeaways. Majority shareholders can initiate a minority shareholder force sale through buy-sell agreements and drag-along provisions. Buy-sell agreements allow majorities to force a sale, often in company-wide buyouts, with terms needing to be fair.

Can my broker lend out my shares to short sellers without asking? ›

The only case where your broker might lend your securities without your knowledge is when you have a margin account and you are actually borrowing money. > brokers cannot lend your shares without a written agreement allowing it.

Generally, brokers require your consent to make transactions with your securities, unless specific conditions in your agreement allow them to act on your behalf. If you have not given explicit authorisation for the sale of your shares, your broker should not proceed with the sale unilaterally.

It is possible to open a Demat account without a broker through DPs but in order to participate in the stock market transactions, you have to open a trading account with the help of some SEBI registered broker/sub-broker.

Money can be made in equities markets without actually owning any shares of stock. The method is short selling, which involves borrowing stock you do not own, selling the borrowed stock, and then buying and returning the stock only if or when the price drops. The model may not be intuitive, but it does work.

This means it is not possible to buy and sell shares in a branch.

Currently, the rate is 9% CGST and 9% SGST. The stock exchange levies transaction charges for buying and selling of shares at the rate decided by the respective stock exchange. SEBI charges a turnover fee of 0.0002% of the transaction amount.

Technically, you cannot buy stocks without a broker. However, you can take part in self-directed trading by using a broker-dealer platform. Stock trading without the typical broker can help you avoid hefty brokerage fees while still participating in the stock market.