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.

Usually you need to open an account with a broker to buy and sell stocks online. Some publicly traded companies, however, do offer a direct stock purchase plan (DSPP), where you can buy shares directly. Instead of using a broker, the company's transfer agent manages the transaction.

The circ*mstances under which a broker is authorized or unauthorized to sell your position depends on the broker agreement the trader has signed and the type of brokerage account. However, unauthorized selling of positions is very rare in an online discount stock brokerage account.

If you open an online Demat account, the process of trading is a very easy one. Additionally, as all financial procedures are online these days, opening an NSDL Demat account and trading account attached, you can store your shares and buy and sell with the mere click of a button.

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.

A limit order allows you to sell a share when it reaches a certain price or above that price, while a stop order is for when a share reaches a pre-set price or falls below it. Finally, a stop-limit order can be used to sell shares at a set price – but only if this is the minimum you want.

You sell stock by placing an order with your broker. You fill out an order form that will ask what stock you want to sell, if you want to sell in shares or dollars, how much you want to sell, and if you want to sell via a market or limit order.

The process is not difficult, even if you have never bought or sold a share in your life – like most of our customers. You will need a Holding Statement OR Dividend Statement for the shares that you want to sell. These have been sent to you by the share registry at some point in the past.

Via the transfer agent: The transfer agent is a firm responsible for managing stock transfers on behalf of a publicly traded company. To sell your old stock certificates through the transfer agent, you should get in touch with them and complete a stock transfer form.

A Shareholder cannot generally be forced to sell shares in a company unless you have either agreed to a process resulting in that outcome, or the court orders that outcome.

Why was my stock sold without permission? ›

If you find that your broker has sold securities in your account without express permission, chances are that they've done nothing wrong. If you have given a broker discretionary power to trade for you, they may do so without contacting you first.

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.

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.

To sell private company stock—because it represents a stake in a company that is not listed on any exchange—the shareholder must find a willing buyer. In addition, a sale of private stock must be approved by the company that issued the shares.

Down-From-Cost and Up-From-Cost Sell

For example, when an investor purchases a stock, they may decide that if the stock falls 10% from where they bought it, they will sell it. Similar to the down-from-cost strategy, the up-from-cost strategy will trigger a stock sale if the stock rises a certain percentage.

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.

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. These charges are levied by the depository participant (NSDL/CDSL) for safe keeping of the securities of the investor.