Breaking Down the Broker: New Ways to Buy Stocks Without a Middleman
Investors who want to buy stocks online without a broker have several options.
The first option is direct stock purchase plans (DSPPs), which allow investors to buy shares directly from a company through its transfer agent.
Initial minimums for DSPPs typically range from $100 to $500, and the trades are executed at set times, such as daily, weekly, or monthly, at an average market price.
Another option is dividend reinvestment plans (DRIPs), which automatically convert each cash dividend into additional shares.
Employer plans and retirement accounts also offer a way to buy stocks without a broker, but these options are limited to US employees and long-term savers.
For non-US investors who want to buy real US-listed stocks, crypto exchange services such as MEXC RealStocks offer a solution.
MEXC RealStocks allows eligible non-US investors to buy 7,000+ real US-listed stocks and ETFs with USDT, with dividend eligibility and a $0 platform fee during the launch campaign.