What are Stock Brokers?
A stockbroker is a regulated broker, broker-dealer, or registered investment adviser who may provide financial advisory and investment management services and execute transactions such as the purchase or
sale of stocks and other investments to financial market participants in return for a commission, markup, or fee, which could be based on a flat rate, percentage of assets, or hourly rate.
List Of Stock Brokers In Zambia
Which broker is best for stocks in Zambia?
Interactive Brokers. 167,822.
XTB. 29,892.
Capital.com. 26,009.
Alpaca Trading. 27,966.
Admirals (Admiral Markets) 13,903.
IG. 16,971.
Tickmill. 13,385.
Oanda. 8,811.
How do Stock Brokers work In Zambia?
A stockbroker is a firm that is licensed by the SEC Zambia to buy and sell securities on the stock exchange on behalf of investors.
To start the process of investing, the stockbroker will usually request the investor to open an account with them.
How much do stockbrokers charge in Zambia?
The only requirement is to provide the following information: Proof of Residence, Proof of Identity, Completed
Brokerage Account Opening Form, and inform the Investment Amount (a fixed commission rate of 1.375% per transaction is charged).