Placing an order to buy or sell stocks to your stockbroker can be done in three ways: over the phone (call, SMS or messaging apps), online, and face-to-face (walk-in).
- Over the phone (call, SMS, messaging apps)
The most traditional way to post a buy or sell order is by making a telephone call to your stockbroker and get first-hand advice from him/her.
You may also post orders through SMS and messaging apps, which may be arranged with a trader of a full service stockbrokerage house. Note that there are certain risks involved including the possibility of your order not being received on time and accurately, or not being received at all by the trader.
Investors with online trading accounts post their buy or sell order via the Internet using the online trading platform of an online stockbroker. With a few simple clicks, you may buy or sell stocks without the need to speak to your stockbroker. Online trading allows faster posting of orders and settlement at a lower commission rate.
- Face-to-face (walk-in)
Some stockbrokers have their own investors’ trading lounges where you can monitor stock price fluctuations through viewing facilities and, at the same time, personally post a buy or sell order through a trader.