Best Gas Stocks To Buy – How To Buy Gas Stocks With 0% Commission
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Natural gas is a vital component of many industries, meaning that gas-producing companies have been a favourite of investors looking for consistent positive returns. Although the world is transitioning towards ‘greener’ options, natural gas still has a vital role in energy production – meaning these companies may still be great investments going forward.
In this guide, we’ll explore the Best Gas Stocks in detail. We’ll touch on the top 10 gas stocks and how to decide between them before highlighting where you can buy gas stocks today – with 0% commissions!
Table of Contents
How to Buy Gas Stocks – Quick Guide
If you’re looking to buy gas stocks today, then you’re in the right place! The four quick steps below will show you how to buy gas stocks with our recommended broker, eToro – all in less than ten minutes!
- Step 1 – Create eToro Account: Click ‘Join Now’ on eToro’s homepage, provide a valid email address, and choose a username and a password to create your account.
- Step 2 – Verify your Account: Upload proof of ID (copy of passport or driver’s license) and proof of address (copy of bank statement or utility bill) to verify your identity.
- Step 3 – Deposit: Deposit a minimum of $50 via credit/debit card, bank transfer, or e-wallet.
- Step 4 – Buy Gas Stocks: Search for your chosen gas stock and click ‘Trade’. Enter your position size in the order box, double-check everything is correct, and click ‘Open Trade’.
68% of retail investor accounts lose money when trading CFDs with this provider.
10 Best Gas Stocks to Buy – Quick Overview
The decision to buy stocks in a gas-producing company could be lucrative, as these companies tend to benefit in periods of economic growth. Found below are our top 10 gas stocks right now, which we’ll review in detail in the following section.
- Kinder Morgan (KMI) – Overall Best Gas Stock to Buy – Buy Now
- Cheniere Energy (LNG) – Best Gas Stock to Buy for 2022 – Buy Now
- Chevron Corporation (CVX) – Best Gas Stock to Buy for Dividends – Buy Now
- Royal Dutch Shell (RDS.B) – Best Gas Stock to Buy and Hold Long Term
- Occidental Petroleum Corporation (OXY) – Best Gas Stock for Exposure to Oil Prices
- BP (BP) – Best Gas Stock in the UK
- ConocoPhillips (COP) – Best Gas Stock to Buy with Strong Financials
- Exxon Mobil Corporation (XOM) – Best Gas Stock to Buy at a Discount
- Energy Select Sector SPDR ETF (XLE) – Best Gas Stock ETF to Buy
- SM Energy (SM) – Best Gas Stock to Buy for Potentially High Returns
Best Gas Stocks to Buy in USA
As you can see from the list above, there is a good selection of gas stocks to consider during today’s economic climate. Let’s dive into each of these stocks one by one, ensuring you’ve got all the information you need to make an informed investment decision.
1. Kinder Morgan (KMI) – Overall Best Gas Stock to Buy
Our top pick for the best shares to buy now in the natural gas industry is Kinder Morgan. Kinder Morgan is one of the largest energy companies in the US and owns many gas pipelines and terminals. Around 40% of all the natural gas consumed in the country is handled by Kinder Morgan, with approximately 72,000 miles of gas pipelines across North America.
Looking ahead, Kinder Morgan has around $1.3bn of work planned, which should see the company through the next couple of years. Furthermore, although the share price has taken a dip recently, this is more to do with external factors – meaning you could potentially invest at a lower price. Finally, Kinder Morgan pays a solid dividend yield of 6.68%, ideal for income investors. All of this combines to make Kinder Morgan our number one choice when it comes to gas stocks.
68% of retail investor accounts lose money when trading CFDs with this provider.
2. Cheniere Energy (LNG) – Best Gas Stock to Buy for 2022
Cheniere Energy is a Texas-based company specialising in developing and exporting liquefied natural gas (LNG). This is a type of natural gas that has been cooled down and is far easier to store and transport. According to Reuters, Cheniere Energy has been performing admirably recently, with the share price up over 73% this year. Although this has been due to rising LNG prices, there are other reasons to be optimistic heading into 2022.
Firstly, Cheniere Energy has recently signed three long-term sales agreements, which are set to provide a steady stream of income over the next year or two. Furthermore, the company has recently introduced its first-ever stock dividend and is also implementing a share repurchase scheme, which will see it buy $1bn of its own stock over the coming years. All of these are positive signs, which makes Cheniere a good option going into next year.
68% of retail investor accounts lose money when trading CFDs with this provider.
3. Chevron Corporation (CVX) – Best Gas Stock to Buy for Dividends
If you’re interested in passive income, then Chevron might be a great investment opportunity for you. Although Chevron is the second-largest oil company in the US, it does have a massive presence in the natural gas exploration sector, with operations in Australia, Nigeria, Angola, and more. Due to Chevron focusing on a diverse range of energy types, this stock is often seen as one of the best oil stocks to invest in too!
We like the look of Chevron as the company pays a dividend yield of 4.79% to shareholders. Dividends are typically paid every quarter, with the most recent payment coming on the 17th of November. Furthermore, Chevron has increased its dividend for 34 years, which is impressive given the many times that there have been intense economic pressures during that period. Overall, if you’re looking for a gas stock with a consistent and appealing dividend, then Chevron certainly fits the bill.
68% of retail investor accounts lose money when trading CFDs with this provider.
4. Royal Dutch Shell (RDS.B) – Best Gas Stock to Buy and Hold Long Term
One of the best stocks to buy right now in the energy sector is Royal Dutch Shell. Based on annual revenue, RDS was the fifth-largest company in the world in 2020 and has operations in every area of the oil and gas sector. Aside from fossil fuels, Royal Dutch Shell also produces renewable energy sources, including biofuels and wind. As such, the company has a diverse range of services which has enabled it to weather many storms over the years.
RDS has had an up and down year in the market, as the company has begun focusing on ‘greener’ fuel sources. The plan involves using cash from its oil and gas activities to fund this transition, which has impacted the stock price since October. However, this can be seen as an opportunity to purchase RDS stock at a discount, as the company’s revenues are still trending upwards – with RDS making nearly $16bn more in Q3 2021 than in last year’s quarter! Overall, this stock looks like a great option to buy cheap and hold over the longer term.
68% of retail investor accounts lose money when trading CFDs with this provider.
5. Occidental Petroleum Corporation (OXY) – Best Gas Stock for Exposure to Oil Prices
Occidental Petroleum is involved in hydrocarbon exploration, which is a way of exploring the earth for petroleum and natural gas sources. The company has operations in the US, the Middle East, Columbia, Canada, and Chile and is publicly listed on the NYSE under the ticker symbol ‘OXY’. This company has drawn much attention on Wall Street, as the stock price is up over 244% since October 2020. Although there has been a drop recently, there are still multiple areas to be optimistic about regarding this stock.
Occidental Petroleum’s share price is very sensitive to the price of oil – so the recent decline in Crude prices has sent OXY’s share price tumbling. However, the company’s financials are looking better and better, with over $4bn worth of debt knocked off between Q2 and Q3 2021. Furthermore, revenues were also up 65.3% in Q3 compared to last year, highlighting the company’s robust business model. So, as global oil prices recover, we’ll likely see this oil and gas company’s share price increase – which is excellent news for shareholders.
68% of retail investor accounts lose money when trading CFDs with this provider.
6. BP (BP) – Best Gas Stock in the UK
If you’re looking to invest in stocks outside of the US, then BP might be worth considering. BP is an oil and gas company headquartered in London and has operations in every area of the sector, including exploration, production, refining, and distribution. BP’s stock price is up 34% since this date last year, thanks to rising oil and gas prices over the previous few months. Much like RDS, BP is using funds from core business areas to gradually transition into renewables, which look set to be the way forward.
Right now, BP has a P/E ratio of 13.56, which highlights that the company’s shares are not overpriced at current levels. BP also has a price-to-sales ratio of 0.66, as measured over the past 12 months; again, this is at a suitable level, as a ratio too high would indicate the stock is overvalued. Finally, BP has a forward dividend yield of 4.90%, which should give investors confidence over the coming year. Due to these metrics, we believe BP looks likely to bounce back from the recent price decrease and make solid gains in 2022.
68% of retail investor accounts lose money when trading CFDs with this provider.
7. ConocoPhillips (COP) – Best Gas Stock to Buy with Strong Financials
ConocoPhillips is one of the largest gas producers in the US and has operations in various countries, including Norway, Canada, Australia, Indonesia, and more. According to Yahoo Finance, petroleum and natural gas are the company’s main products, which have helped ConocoPhillips reach a market cap of over $91bn. Although oil and gas prices have fallen in recent months, this company’s strong financials look set to help the share price bounce back.
Firstly, ConocoPhillips increased revenues by a remarkable 158% in Q3 2021 compared to the previous year. Furthermore, the company reported a free cash flow of nearly $3.5bn in the last quarter, which has helped them increase dividends and continue to repurchase shares. Companies that repurchase shares will generally see a price increase, as this action is seen as a positive thing as it gives back to shareholders. So, although commodity prices have dropped recently, ConocoPhillips has a solid foundation to bounce back throughout 2022.
68% of retail investor accounts lose money when trading CFDs with this provider.
8. Exxon Mobil Corporation (XOM) – Best Gas Stock to Buy at a Discount
ExxonMobil has consistently been one of the largest companies in the world by market cap and is currently valued at $256bn. The company’s share price is up 100% since March 2020’s lows, which were brought about by the beginning of the COVID-19 pandemic. ExxonMobil is primarily focused on oil production, with operations in the Permian Basin, the Gulf of Mexico, and other locations. However, the company does have numerous gas developments across America, with 14.6 million acres of land owned in the US alone.
ExxonMobil has a strong track record which has enabled the company to reduce its debt level by $11billion in 2021. Aside from lowering debt, ExxonMobil has also performed admirably when it comes to revenue generation, making over $71bn during Q3 2021 – which is 58% more than the previous year! The company even pays an attractive dividend yield of 5.80%, one of the highest on our list. So, although ExxonMobil is somewhat at the mercy of natural gas and oil prices, the company does have the strength in its balance sheet to get through periods of turmoil – and prosper when prices are high!
68% of retail investor accounts lose money when trading CFDs with this provider.
9. Energy Select Sector SPDR ETF (XLE) – Best Gas Stock ETF to Buy
If you are looking for the best ETF to invest in that will provide you with exposure to gas companies, then the Energy Select Sector SPDR ETF might be worth considering. This ETF attempts to track the performance of energy companies that make up the S&P 500 Index, focusing on oil, gas, and consumable fuel businesses. Some of this ETF’s top holdings include ExxonMobil, Chevron, ConocoPhilips, and Schlumberger NV.
Although this ETF did make a loss of 32.56% in 2020, the context here is that oil and gas prices were extremely low due to a lack of demand caused by COVID-19 lockdowns. The ETF has bounced back admirably this year and is already up 59.35%! Furthermore, the Energy Select Sector SPDR ETF has a gross expense ratio of only 0.12% and even provides investors with a yield of 3.92%. So, if you’re in the market for a passive investment opportunity, then this ETF is certainly worth considering.
68% of retail investor accounts lose money when trading CFDs with this provider.
10. SM Energy (SM) – Best Gas Stock to Buy for Potentially High Returns
Rounding off our list of the best gas stocks is SM Energy. This is one of the best companies to invest in within the sector as its Q3 earnings report was stellar, prompting management to raise its guidance on production levels for the remainder of the year. Revenues in Q3 2021 were 170% higher than the previous year, bolstered by rising gas and oil prices. This meant that SM Energy could generate a profit of $85.5m in the most recent quarter.
As such, SM Energy’s EPS figure is now sitting at a healthy $0.70, which is impressive considering it was -$1.88 in the previous quarter. The company currently has cash in the bank, which it didn’t have previously and has a free cash flow of $144.7m as of Q3. Finally, many analysts (including Zacks) are optimistic about SM Energy, with these analysts predicting solid revenue growth going forward. Overall, SM Energy looks likely to be one of the hottest stocks in the gas industry once commodity prices recover.
68% of retail investor accounts lose money when trading CFDs with this provider.
Are USA Gas Stocks a Good Investment?
So, are gas stocks a good investment? The first thing to note is that this sector is cyclical, which means that commodity prices will naturally rise and fall. Thus, gas companies’ shares tend to increase when natural gas prices are high, whereas they will likely fall when natural gas prices decrease. Due to this, there can be higher volatility in gas stocks, as specific shocks to commodity prices can harm a company’s share price.
However, gas stocks are also great investments for capital gains and dividends. When commodity prices are rising, gas companies tend to generate vast amounts of cash, allowing them to improve infrastructure and increase production levels. Furthermore, due to significant cash reserves, gas companies often pay very attractive dividends, with yields higher than many other sectors. Overall, although there are various risks to consider, the upside potential of the gas industry is ideal for investors across the world.
How Do You Find the Best Gas Stocks USA?
If you’re looking to buy stocks in gas companies, you must do your due diligence and understand the risks before investing. There are numerous factors to consider, all of which can give you a clearer picture of a stock’s outlook. With that in mind, found below are three of the main areas to review when choosing a gas stock:
Company Financials
Understandably, the company’s financials should be top of our agenda when researching gas stocks. Share prices tend to increase when a company is performing well financially, which means that revenues grow year on year and the company is profitable. Furthermore, it’s wise to consider the company’s balance sheet too. This is because gas companies can be volatile, so having a high free cash flow figure can help them weather the storm when commodity prices decrease.
Commodity Prices
Commodity prices are essential to gas companies, as their revenues are directly attributed to these prices. If the price of natural gas fell, then it means that a gas-producing company would generate less income for the same amount of product. As you can see, commodity prices can have a major impact on a company’s financials; however, this can also work the other way and benefit the company hugely, which is why this sector tends to be quite risky.
Dividend Yields
Finally, people who wish to invest in dividend stocks tend to gravitate towards oil and gas companies, as these firms are usually cash-rich and offer high yields. Many oil companies will have vast amounts of free cash flow, meaning they can provide larger dividend payments than companies in other sectors. Furthermore, gas companies will often increase their dividends consistently to attract shareholders. So, if you are a passive income investor, these companies can represent a good opportunity for you!
Where to Buy Gas Stocks?
Now that you have an idea of the best gas stocks and how to decide between them, let’s turn our attention to the trading process. As you’ll likely know, to buy stocks, you’ll need to create an account with a licensed and respectable stock broker. To streamline this process, we’ve selected the best trading platforms for buying gas stocks and reviewed them below, ensuring you have everything you need to begin trading today.
1. eToro – Overall Best Broker to Buy Gas Stocks Now
Our recommended broker if you’re looking to buy gas stocks is eToro. eToro is one of the world’s largest online brokers, with over 23 million registered users around the globe. Boasting regulation from the FCA, ASIC, and CySEC, along with being a member of FinCEN, eToro has a significant degree of safety which is a must for traders. On top of this, users can trade a vast range of assets with eToro completely commission-free!
In terms of deposits, eToro has a minimum deposit threshold of $50, which can be made via credit/debit card, bank transfer, and e-wallets. Notably, eToro accepts PayPal and Neteller deposits, which is quite rare for a US broker. Finally, users can even utilise eToro’s ‘CopyTrader’ feature, allowing traders to copy the trades placed by other eToro users – with no additional fees!
Pros
- Commission-free broker
- Accepts PayPal
- Low minimum deposit threshold
- Heavily regulated
- Massive range of tradeable assets
Cons
- Inactivity fee applies
68% of retail investor accounts lose money when trading CFDs with this provider.
2. WeBull – Best Broker to Buy Gas Stocks with High Safety
Another of our top brokers to buy gas stocks is WeBull. WeBull is relatively new to the trading scene, having been launched in 2017. However, the platform has become an instant favourite, with over 11 million registered users as of 2020’s figures. Notably, WeBull is registered by the SEC and FINRA and covered under the SIPC protection scheme.
We like WeBull because this platform offers commission-free trading on US stocks and ETFs. You can also trade on margin if you wish, with WeBull offering rates of 7% per year – which is pretty average for a US broker. No non-trading fees are charged, and users can make any minimum deposit they wish. Finally, WeBull has one of the best trading platforms in the business, offering exceptional clarity and a significant degree of customizability.
Pros
- Covered under the SIPC scheme
- Commission-free stock trading
- User-friendly trading platform
- Decent margin rates
- No non-trading fees
Cons
- Doesn’t accept credit/debit card
68% of all retail investor accounts lose money when trading CFDs with this provider.
3. Zacks Trade – Best Broker to Buy Gas Stocks with Multiple Base Currencies
Zacks Trade is closely linked to Interactive Brokers, one of the industry’s most-respected trading platforms. As such, Zacks Trade has a similar set of services as Interactive Brokers and is also regulated by the SEC and FINRA. US stock trading is charged at $0.1 per share for stocks priced above $1, or 1% of your position size for stocks priced less than $1. You can even trade international markets too, although these come with high commissions.
The account opening process is speedy and can be completed online, with various account types to choose from, including joint accounts, trusts, IRAs, and even minor accounts. Deposits are free to make, and Zacks Trade supports 20 different base currencies, meaning you can fund your account in a currency other than USD. Finally, Zacks Trade accepts ACH transfers, wire transfers, online bill payments, and checks – with the first withdrawal you make every month being completely free!
Pros
- Supports 20 base currencies
- Regulated by the SEC and FINRA
- The first withdrawal per month is free
- Multiple account types
Cons
- Stock trading is not commission-free
68% of all retail investor accounts lose money when trading CFDs with this provider.
4. Ally Invest – Best Broker to Buy Gas Stocks with Long Track Record
Ally Invest is a division of Ally Financial, a financial services firm that dates back to 1911. Ally Invest is regulated by the SEC and FINRA and offers free stock trading on shares priced above $2. However, if the stock is priced below $2, there will be a $4.95 commission, plus an additional $0.10 for each stock traded. You can also trade on margin, with rates quoted at 7.8% per annum.
Aside from stocks, users can also trade ETFs, mutual funds, bonds, and options. Users can trade various US markets and also invest in OTC stocks. Ally Invest even offer Robo-advisor portfolios, which can create and rebalance a portfolio for you based on your goals and risk tolerance. Finally, Ally Invest also has a tax manager feature that helps you determine how and when to pay tax on your investments.
Pros
- Various asset classes to trade
- Robo-advisor portfolios
- Useful tax manager feature
- Offers OTC stocks
Cons
- High fees on stocks below $2
68% of all retail investor accounts lose money when trading CFDs with this provider.
5. E*TRADE – Best Broker to Buy Gas Stocks with Extensive Research Options
E*TRADE is a broker that has been around since 1982 and is regulated by the SEC and FINRA. In 2020, E*TRADE was purchased by Morgan Stanley, which is one of the largest investment banks in the world. Like some other brokers, E*TRADE offers free stock and ETF trading, with margin rates quoted at 9% per year. Notably, E*TRADE has no non-trading fees and doesn’t have a minimum deposit threshold.
One of E*TRADE’s best features is its trading platform. Users can trade on the standard or ‘Power E*TRADE’ platform, with the latter designed for experienced traders. These platforms offer trading ideas, recommendations from third-party sources, fundamental data, financial statements, and customisable charts. You can even use over 25 different technical indicators when trading, which will help boost your effectiveness over the long run!
Pros
- A subsidiary of Morgan Stanley
- Free stock and ETF trading
- A vast range of research tools
- Platforms designer for beginners and advanced traders
Cons
- Only offers US markets
68% of all retail investor accounts lose money when trading CFDs with this provider.
6. Robinhood – Best Broker to Buy Gas Stocks with Zero Fees
Robinhood is one of the most popular online brokers in the US, having been launched back in 2013. Since then, Robinhood has grown its user base to over 22 million, thanks to commission-free trading on stocks and ETFs. Aside from that, users looking to buy cryptocurrency can benefit from free crypto trading, with seven different digital currencies to trade.
Robinhood is regulated by the SEC and FINRA and has super-quick account opening, designed to appeal to casual investors. There are no non-trading fees, and your account can usually be opened in around one business day. Robinhood offers an ‘Instant Deposit’ feature which immediately credits your account with funds, even before they’ve cleared with your bank! Finally, Robinhood’s trading app is perfect for beginners, as it is user-friendly and features biometric identification for added security.
Pros
- Offers crypto trading
- Commission-free broker
- Ideal for casual investors
- Instant Deposit feature
Cons
- A limited selection of asset classes
68% of all retail investor accounts lose money when trading CFDs with this provider.
7. TD Ameritrade – Best Broker to Buy Gas Stocks with Amazing Trading Platform
TD Ameritrade is a broker that has been in the business since 1975 and is regulated by the SEC, FINRA, and the CFTC. Like some other brokers, TD Ameritrade offers free stock and ETF trading, with margin rates set at 9.5%. Aside from this, users can even trade forex and futures whilst benefiting from TD Ameritrade’s Managed Portfolios, which Robo-advisors create to suit your needs.
TD Ameritrade really stands out with its trading platform, Thinkorswim. This platform is a favourite of stock traders because it is available on the web, desktop, or mobile and has won various awards due to its user-friendliness. The platform has multiple order types and price alerts you can set and even offers real-time market updates from TD Ameritrade’s chief market strategist. Overall, this broker is ideal if you’re looking for an innovative platform to place your trades.
Pros
- Great trading platform
- Free stock and ETF trading
- Heavily regulated
- Multiple order types to use
Cons
- Only offers US markets
67% of all retail investor accounts lose money when trading CFDs with this provider.
8. Interactive Brokers – Best Broker to Buy Gas Stocks with Low Margin Rates
Most traders will have heard of Interactive Brokers, which is one of the largest online brokers in the US. Interactive Brokers was launched over 40 years ago and is regulated by the FCA and the SEC. Notably, Interactive Brokers offers an IBKR Lite account, allowing US-based traders to trade US stocks and ETFs. However, if you open a different account type, then there will be a volume-based commission.
Interactive Brokers has some of the lowest margin rates in the sector, quoted at 1.6% for IBKR Pro accounts. If you use the IBKR Lite account, this will be 2.6% per annum, which is still very low. Aside from this, users can trade a vast range of assets, including niche ones such as warrants. Finally, users can even trade on 78 different stock markets, making it easy to invest in other countries!
Pros
- Low margin rates
- Offers international stocks
- Free trading on IBKR Lite account
- Heavily regulated
Cons
- The trading platform isn’t the best
67% of all retail investor accounts lose money when trading CFDs with this provider.
9. Merrill Edge – Best Broker to Buy Gas Stocks with Strict Regulation
Merrill Edge is a division of Bank of America, one of the largest financial services firms in the US. Due to this and regulation from the SEC and FINRA. Merrill Edge is one of the safest places to buy stocks. You can trade stocks and ETFs free of charge, with margin rates equating to 8.6% per annum. Notably, Merrill Edge allows you to trade penny stocks and OTC stocks too.
There is no minimum deposit threshold with Merrill Edge, and users can fund their accounts for free with a bank transfer or check. No withdrawal fees are charged, and funding usually takes around three business days to arrive in your account. Merrill Edge’s trading platform is also great, allowing users to utilise various price alerts and employ the broker’s numerous third-party data sources!
Pros
- Part of Bank of America
- Offers penny stocks
- Great trading platform
- Heavily regulated
Cons
- It doesn’t offer international markets
67% of all retail investor accounts lose money when trading CFDs with this provider.
10. Fidelity – Best Broker to Buy Gas Stocks with PayPal
The final broker on our list is Fidelity. Fidelity was founded in 1946 and has tremendous experience in the industry, boasting regulation from the SEC and FINRA. Users can trade US-based stocks and ETFs free of charge but can trade international markets too. Fidelity offers 25 different stock exchanges to trade, with 80 different ETFs on offer also.
Deposits and withdrawals are free, and Fidelity offers 16 different base currencies to utilise. Notably, Fidelity accepts PayPal as a deposit option and even provides a ‘BillPay’ feature that allows you to pay your bills through your brokerage account. Finally, Fidelity’s trading platform has many features, including numerous order types and 50 different technical indicators to choose from.
Pros
- Decades of industry experience
- Accepts PayPal
- Innovative ‘BillPay’ feature
- Huge range of research tools
Cons
- International stock commissions are pretty high
67% of all retail investor accounts lose money when trading CFDs with this provider.
How to Buy Gas Stocks in the USA
Before we conclude this guide, it’s essential to discuss the process of investing in gas companies. Like any stock, you’ll need to create an account with a stock broker to invest in gas companies. These brokers pair buyers and sellers together, enabling seamless trading from your own home. With that in mind, the four short steps below will show you how to buy stocks with eToro – all in less than ten minutes!
Step 1 – Create an eToro Account
Head to eToro’s homepage and click the ‘Join Now’ button in the top right. Enter your email address and choose a username and a password to create your account.
68% of retail investor accounts lose money when trading CFDs with this provider.
Step 2 – Verify your Identity
New eToro users must verify themselves before trading to comply with the regulation in the US. To do so, go to your account dashboard and click ‘Complete Profile’. Enter your personal details for the KYC checks and upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill).
Step 3 – Make a Deposit
US-based eToro users can fund their accounts from as little as $50, with deposits free to make if made in USD. In terms of deposit methods, eToro accepts the following:
- Credit card
- Debit card
- Bank transfer
- PayPal
- Skrill
- Neteller
Step 4 – Buy Gas Stocks
Click into the search bar on eToro’s trading platform and type in the name or ticker symbol of your chosen gas stock. Click the ‘Trade’ button, and an order box will appear. In this box, enter your desired trade size (minimum of $50), opt for a stop loss or take profit level if you’d like, and click ‘Open Trade’.
And that’s it! You’ve officially invested in one of the best gas stocks with eToro – all without paying any commissions!
Best Gas Stocks – Conclusion
In summary, this guide has explored the best gas stocks in detail, touching on why they represent such a good opportunity in the market right now. Although commodity prices have taken a tumble in recent weeks, gas companies’ business models are built to last. As such, once prices begin to rise again and demand returns to normal, we’ll likely see positive signs from these firms – which is excellent news for shareholders!
If you’d like to buy gas stocks now, we’d recommend using eToro. eToro is our favoured broker in the US as you can trade commission-free and from as little as $50 per trade. What’s more, as eToro is a member of FinCEN, you’ll be afforded high levels of protection when using their platform!
Best Broker to Buy Gas Stocks – eToro
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