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When purchasing securities, the client has to conclude a Contract for cooperation in securities operations with EURO BROKER JSC Skopje and to verify his identity with an identity card or passport.
The broker should inform the client about the price fluctuations of the securities that are an object of his interest and should explain in few words the forming of securities` prices, as well the trading technique.
The client decides about the main elements in the order:
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The type of securities: which securities the client wants to buy;
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The quantity of securities: the quantity that client wants to buy;
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The price: the maximal price of the securities that the client is ready to pay for the securities. The client can also sign a purchase order on market price, which authorizes the broker to realize the order under optimal market terms only on the same day when the order is imported.
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The time: the order can be daily or open, the daily one is valid only on the day of the import, while the open one is valid until cancellation (three months from the day when the order is given;
Besides the abovementioned types of orders, there is also a conditional order “all or nothing”- order that can be realized only if all the quantity determined in the order is purchased in one transaction. Also this type of order can have a time limit on the order’s validity date. .
The purchasing order is valid if only all of the prescribed elements are included. In case, the funds are not paid in on time, the broker is obligated to inform the client and reject the execution of the order.
The client should pay in the funds for purchasing securities, including the fees for brokerage services, the stock exchange fee and central securities depositary fee on the client’s account on EURO BROKER JSC Skopje one day before the trading day
If the information about the client is correct, the broker imports the order in BEST (stock exchange electronic trading system) on the first trading day after the reception of the order.
When the order is realized, the transaction is settled on the third workday (T+3) after the trading day, when the client receives the purchased securities on his account in the Central Securities Depository Inc. Skopje, while the seller of the shares obtains the funds paid in by the purchaser on the same day.
The broker is obligated to inform the client about the realized transaction, two days after the settlement day at the latest, emphasizing the price and the quantity of the securities that are purchased.
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