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Home»Flix Blog»How can we avoid using a broker and acquire stock straight from a company and Why are we compelled to use a brokerage?
How can we avoid using a broker and acquire stock straight from a company and Why are we compelled to use a brokerage?
Flix Blog

How can we avoid using a broker and acquire stock straight from a company and Why are we compelled to use a brokerage?

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Question: How can we avoid using a broker and acquire stock straight from a company and Why are we compelled to use a brokerage?

After removing paper trades in India and digitizing stock trading, it is mandatory to have a digital locker for holding shares. The same is called a DEMAT ACCOUNT.

As a citizen of India, you can have Demat account, but in person, you do not have the authorization to open yourself or close it, you have to go through a procedure via a financial institution like Bank or a Brokerage account provider.

They get the necessary documents from you and then the training account and demate account together are opened by them, further, you can access the same to buy and sell shares.
However, as you have asked you can also buy shares directly from any company and it is called A Direct Stock Purchase Plan (DSPP). To Buy stocks directly from the company please contact the relevant company for the same.

In my experience, it is always to buy shares from demat and broker as this is a centralized system, finding companies and people and running behind them to buy shares and then selling them will be another hassle job.

When things are available at our fingertips with the lowest expenses then we should opt for them. However, I have here a list of the brokerage firm to choose which are free of cost and the best in the industry.

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