Johannesburg, 26 Feb 2021
When it comes to covering every single aspect of the financial journey, especially if you are interested in buying shares online, there are a number of things that you have to cover. For starters, if you are based in South Africa and you are thinking about making that initial investment, thus start your online journey to buying shares, you should take your time and properly prepare for everything that will follow. This implies the fact that as a beginner investor you will get the chance to establish a firm foundation that will help you alongside the process of buying shares.
According to all of this, we have managed to create this article that consists of the most important guide that will help you successfully start the process of buying shares, thus assist you through the whole journey. Proceed with the exploring segment of this article, thus gain the necessary insight regarding the subject of discussion. So, without any further ado, let’s get right into it.
The importance of starting your investment journey
It is inevitable that you have to start this whole process by establishing the basic facts that will help you improve your overall investment journey. When it comes to starting the process of buying shares in South Africa, you have to make sure that shares in their rudimentary form represent the notion of raising capital. This implies the fact that companies are issuing these segments, thus give the chance to potential investors to own a certain percentage of that particular company.
Once you have the basic notion of what the process of buying shares actually represents, you will get a chance to proceed with the segment that will show you how you can actually buy shares in South Africa.
How to buy shares in South Africa?
Within this segment, you have to establish the fact that if you want to buy shares in South African companies, the best possible decision you can make is to explore all of the segments that the online world has to offer. Here, you can access buyshares.co.za: this online platform will help you explore the most powerful companies that are on the market, thus allowing you to deal with the most valuable investment opportunities.
So, now you might wonder how you can approach all of this. Well, the whole process is rather simple, all you have to do is open an online account through a specific online investment platform. Once you have accessed the registration form, you will have to provide all of the required data that must correspond with your personal information in order to establish the authenticity of the account. Within this segment, you will have to choose a username and set up a strong and secure password that will help you protect your account.
The following segment is regarding the form of ID that you have to upload in order to prove that the data that you have provided above is true, thus get the needed verification. Here you can provide a copy of your South African passport or driver’s license and a recent copy of your bank account statement. After this process, you will have to deposit your funds, thus approach the segment of buying shares.
Top three platforms you should explore
After the completion of the segments that we have discussed above, you will have to choose an online stock investment platform that will allow you to complete every point mentioned, thus approach the process of making your first investment, thus buy a share.
1. eToro is a platform that is considered to be one of the best all-around in South Africa. This platform is an online stock broker that is commission-free, thus helps you get the best-suited investment opportunities because it is well-constructed to fit beginner investors.
2. IG is an online share dealing platform that operates with competitive fees. If you choose to explore this platform, you will get a chance to deal with a trusted broker that will provide you with good value share dealing services. Here, you will also get a chance to access a dozen of international markets.
3. Plus500 is a commission-free platform. Within this platform, you will get a chance to deal with a CFD broker with a method that will allow you to only pay the spread. Furthermore, this platform will provide you with an abundance of financial instruments across heaps of markets. Here, you can also buy or sell a position share CFDs if you believe that its value will go up or down.
Closing remarks
Once you have covered each and every single aspect of this article, you will be well-equipped to begin your journey of investment, thus buy your first share on the South African market.
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