Step 1: Find a share broker
There are two types of brokers:
- Online brokers
- Full-service brokers
Step 2: Set up an investment account with your broker
Depending on which type of broker you choose, the time this takes will vary.
To complete this process, you may need to complete forms and provide certified copies of personal documents such as your driver’s licence or passport, as well as proof of address, to verify your identity.
| With most brokers you can link your existing bank account directly to your share trading account. |
Step 3: How to make your investment
Once you have a brokerage account you are ready to invest!
Simply complete an order entering the following information:
- ASX code of the ETF you wish to purchase
- Order type: ‘Buy’ or ‘Sell’
- Quantity
- Price – this will either be a price you set (a “Limit” order) or the prevailing price of that ETF at the time of trading in the market (a “Market” order)
- Expiry date – for Limit orders, the date by which the trade will be cancelled if your stated price is not attained in the market
| For more price certainty, we suggest using a Limit order when buying or selling ETFs. |
Step 4: Pay for your ETF purchase or receive proceeds from a sale
If you’ve set up a linked bank account, this step should happen automatically.
Your broker will notify you (usually via a contract note sent by email) when the order has been completed.
Investing involves risk. The value of an investment and income distributions can go down as well as up. Before making an investment decision you should consider the relevant product disclosure statement and your particular circumstances, including your tolerance for risk, and obtain financial advice. An investment in any Betashares Fund should be considered as part of a broader portfolio.
