A stockbroker is a licensed intermediary who executes share trades on the Nigerian Exchange (NGX) on behalf of investors. You cannot buy or sell NGX-listed shares without a stockbroker — individual investors do not have direct access to the exchange.
Definition
A stockbroker is a licensed professional or firm authorised by the Securities and Exchange Commission (SEC) to buy and sell securities on behalf of investors on a recognised stock exchange.
The Nigerian Exchange operates a member-only model. Only SEC-licensed broker-dealers can execute trades on the NGX. Individual investors must instruct a stockbroker, who then places the order on the exchange on their behalf.
Shares Saver is an investment platform, not a stockbroker itself. When you set up an investment plan and fund your account, Shares Saver instructs one of its regulated stockbroker partners — including Crown Capital — to execute the purchase on the NGX. The shares are then registered in your name through your CSCS account.
Stockbrokers charge commission on each trade they execute. Shares Saver includes broker fees within its transparent fee structure. You can see the full fee breakdown on our fees and charges page.
All stockbrokers in Nigeria must be licensed by the Securities and Exchange Commission (SEC) and registered as dealing members of the NGX. This provides a regulated framework that governs how brokers hold client assets and execute orders.
No. When you invest through Shares Saver, the platform arranges the broker relationship on your behalf. You do not need to independently select or contact a stockbroker.
Shares Saver works with regulated stockbroker partners including Crown Capital. See the "Our Brokers" page for full details.
Your shares are held in your CSCS account in your own name, not on the broker's balance sheet. If a broker were to cease operations, your share ownership would remain intact because it is registered at CSCS level independently of the broker.
Shares Saver lets you buy and own NGX-listed shares directly in your own name through regulated broker execution.
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