Buy Coal Stocks – 5 Best Coal Stocks To Buy Right Now In 2022

Fact Checked by Gary McFarlane

As the world economy recovers, the global need for energy, as well as the cost of various fossil fuels – continues to rise. As such, many investors are turning to coal stocks as a means to gain exposure to this sector.

Today, we discuss the best coal stocks to buy right now and offer a detailed walkthrough of how to invest in your chosen company at 0% commission.

 

Table of Contents

#1 Broker to Buy Coal Stocks – eToro

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How to Buy Coal Stocks – A Quick Guide For 2022

If you want to buy coal stocks at 0% commission right now, follow the instructions listed below. In doing so, you will complete your investment in less than five minutes with SEC-regulated broker eToro.

  • Step 1: Open an Account with eToroAfter hitting ‘Join Now’, enter your mobile number, email, and first and last name. Follow this up by adding a username and password.
  • Step 2: Upload Your ID – eToro is a regulated brokerage that adheres to anti-money laundering rules. Simply put, you must provide confirmation of your identity by means of two documents. Upload a copy of your passport or driver’s license, as well as a statement from your bank. Other forms of ID are supported.
  • Step 3: Deposit Funds – To fund your broker account, select the deposit method that is most convenient for you. eToro accepts credit/debit cards, ACH, e-wallets, and wire transfers. To get started, you’ll need to allocate at least $10 to your account. Enter the amount in US dollars and confirm.
  • Step 4: Search for Coal Stock – To search for the best coal stocks you can head over to the ‘Discover’ section of eToro’s platform. Here you will see all listed markets and can use the filter to only view stocks. If you know what coal stock you wish to buy shares in, enter the name of the company into the search bar provided.
  • Step 5: Buy Coal Stocks – At eToro, you can risk $10 or over on your chosen coal stock – as the broker allows for fractional shares. Fill in the ‘Amount’ section and complete your order to buy coal stocks at 0% commission.

You’ve just purchased coal stocks in less than five minutes from start to finish. Following this, eToro will put the shares you’ve just bought into your portfolio.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Coal Stocks to Buy Now – List of the Best Coal Stocks

Below, we’ve put together a list of the best coal stocks to buy today, to shine some light on what there is to choose from. We have included stocks with varying dividends and market capitalizations from a few different regions, to offer something for every investor.

  1. Glencore – Overall Best Coal Stock to Buy Right Now
  2. BHP Group – Long-Standing Coal Stock With High Dividend Yield
  3. Arch Resources – Best Small-Cap Coal Stock With Growth Potential
  4. Anglo American – Buy Shares in a Coal Stock With Diverse Product Portfolio
  5. Yankuang Energy – Best Stock to Access China’s Coal Market

You can of course research each stock to ensure it is a good fit for your investment goals. However, you will find our detailed analysis of each top coal stock shortly.

How To Buy Coal Stocks – Choose a Broker

When reviewing the best brokers to buy coal stocks, we looked at everything from listed shares and alternative markets, to fees, deposit methods, and account types.

Below you will see a quick-fire list of the top platforms that allow you to buy coal stocks.

  1. eToro – Overall Best Platform to Buy Coal Stocks
  2. Webull – Buy and Sell Coal Stocks at 0% Commission
  3. SoFi – Trade Coal Stocks in Fractional Amounts
  4. Ally Invest – Challenger Bank Providing Access to Low-Cost Stock Investments
  5. Zacks Trade – Best Online Broker for Advanced Stock Traders
  6. Merrill Edge – Online Stockbroker With Numerous Investment Accounts
  7. Robinhood – Best Newbie-Friendly US Stockbroker
  8. Interactive Brokers – Buy Thousands of Stocks at 0% Commission
  9. E*TRADE – Top-Rated Stockbroker for Long-Term Investors
  10. Fidelity – Reliable US-Based Broker With Over 7,000 Stocks

Shortly, you’ll be able to read our comprehensive review of each stock trading platform. Nevertheless, each offers a regulated investing environment thanks to the SEC.

Best Coal Stocks to Buy Now – Full Analysis

Coal output in the US and various other countries has been progressively declining over the last decade. With that said, coal exports have remained high, which is fortunate for manufacturers and miners active in this industry.

This is largely thanks to increased demand from emerging markets.

See our top picks below of the best coal stocks in the market right now.

1. Glencore – Overall Best Coal Stock to Buy Right Now

Glencore is one of the world’s biggest producers of thermal coal and operates facilities that are both underground and open cut. In 2022, Glencore’s coal division is set to report over $8 billion in earnings. This is before interest, depreciation, taxes, and debt. Not only that, but Glencore expects coal production to climb to more than 120 million metric tons in the very near future. This company is buying out its partners’ stakes in one of the largest open-pit coal mines globally.

Glencore reportedly paid BHP Group and Anglo American $294 million for the remaining 67% of the Colombian Cerrejón coal operation. The company intends to return its principal investment in fewer than two years after completion. Glencore doesn’t just rely on coal for its revenue. On the contrary, Glencore’s production of metals such as cobalt, copper, and nickel, which play a key role in batteries for EVs could help the company in the coming years. This puts it in a stronger position if demand for coal eventually wanes.

Google Chart Glencore

Over the prior five years, this stock has risen by a modest 24%. However, analysis suggests that Glencore is able to ride the storm when commodity prices are volatile. Looking at the performance of this stock over the prior 12 months of trading – Glencore shares have increased by nearly 45%. This is largely in line with the company’s recovery following COVID-19 uncertainty and a reduction in metal production. Furthermore, this coal stock has a running dividend yield of over 2.2%.

67% of retail investor accounts lose money when trading CFDs with this provider.

2. BHP Group – Long-Standing Coal Stock With High Dividend Yield

BHP Group is a natural resources company that was founded in 1851 and is headquartered in Australia. This firm is a production and exploration giant in the mining and metals industry and it is one of the best coal stocks to buy right now. Iron ore, petroleum, copper, and of course coal, are the main products of the BHP Group. This long-standing company has operations in more than 90 regions, including Australia, China, India, North and South America, South Korea, and Japan.

This coal stock has a market cap in the region of over $150 billion. Furthermore, it generated around 60 million metric tons of coal in 2021 alone. This figure includes both energy and metallurgical coal. In comparison to some of its nearest comparable coal stocks, BHP has a higher share price. However, some market commentators think this is justified due to its smaller carbon footprint and cost-economical coal production costs.

Google Chart BHP Group

After taking a look at the performance of this stock, we can see that in the last five years, BHP Group shares have risen by nearly 62%. Moreover, this is the best coal sock to buy now if you are looking for cash dividends. Crucially, this coal mining company has a dividend yield of over 11% at the time of writing. The last payment received by stockholders was $2 per share.

67% of retail investor accounts lose money when trading CFDs with this provider.

3. Arch Resources – Best Small-Cap Coal Stock With Growth Potential

Arch Resources was founded in 1969, is based in the US, and is one of the best coal stocks to buy right now. This company manufactures metallurgical coal, widely referred to as coking coal. Arch Resources’ coal is sold to huge steel mills, power plants, and other industrial facilities. Powder River Basin, Metallurgical, and Other Thermal are the three segments that make up the company. These activities are based in Wyoming, West Virginia, Illinois, and Colorado respectively.

The Wyoming-based Powder River Basin facility, a huge coal mining plant, provides the most revenue for Arch Resources. This company has plans to address some of the concerns about coal, meaning its harmful influence on the environment. As such, Arch Resources is now attempting to make its coal-producing activities more ecologically friendly. Furthermore, despite the pandemic’s obstacles in 2020 and 2021, this coal stock’s Leer South longwall project maintained a good pace.

Google Chart Arch Resources

When fully operational, the Leer South longwall mine is expected to generate up to 4 million tonnes of premium-quality, high-volume metallurgical coal per annum. Arch Resources metallurgical coal from this mine will be destined for the worldwide steel industry, a sector that continues to grow at a moderate pace. In five years of trading, this coal stock has increased by just over 22%. The running dividend yield of this stock is 1% as of writing.

67% of retail investor accounts lose money when trading CFDs with this provider.

4. Anglo American – Buy Shares in a Coal Stock With Diverse Product Portfolio

Anglo American is a mining conglomerate that is listed on the London Stock Exchange but operates as a multinational company. From operations in Africa, Europe, South and North America, and Australia, the firm produces a wide range of commodities and natural resources. This includes thermal and metallurgical coal as well as diamonds, industrial minerals, gold, platinum, ferrous and base metals, and wood. As such, this is a diverse coal stock to buy shares in.

This company is the world’s third-largest supplier of metallurgical coal, which as we said, is used for steelmaking – a massive industry in itself. Anglo American’s coal business in Australia consists of five operational mines. This includes joint-venture holdings and also various development projects. Anglo American’s Grosvenor and Moranbah North coal mines are among the company’s tier-one metallurgical operations in Australia.

Google Chart Anglo American

The mines are longwall underground operations that generate high-quality hard coking coal. In the case of the Grosvenor project, this was designed to increase production capacity to around 7.5 million metric tons of coal. In five years of trading, Anglo American shares have seen an increase of almost 146%. This coal stock also pays dividends. At of writing, the current running dividend yield is almost 5.5%.

67% of retail investor accounts lose money when trading CFDs with this provider.

5. Yankuang Energy – Best Stock to Access China’s Coal Market

Yankuang Energy’s activities include coal processing, operating underground mines, and transportation. The company operates six mines and is one of China’s largest in this sector. At an economic conference in 2021, Chinese authorities declared plans to promote a blend of coal and new energy. This should be a positive for companies like Yankuang Energy.

This company’s stock soared in late 2021 after the firm announced ambitions to expand coal-mining operations. Yankuang Energy also mentioned venturing into alternative mineral markets, as well as renewable energy generation. Specifically, the company announced plans to diversify its product portfolio by venturing into the photovoltaic and wind power sectors. This will also include ancillary power storage projects.

Google Chart Yanzhou Energy

Back to the coal side of the business, Yankuang Energy, formerly Yanzhou Coal Mining Co, has stated that it plans to increase its output to 300 million metric tonnes per year. This is likely to be achieved in the next five to 10 years. The company also plans to increase its production of molybdenum, gold, copper, iron, and other minerals. In five years of trading, Yankuang Energy shares have increased by nearly 124%. This is also a dividend-paying stock, with a running yield of over 2.5% as of writing.

67% of retail investor accounts lose money when trading CFDs with this provider.

How to Choose the Best Coal Stocks for my Portfolio?

There are a few things you can consider when deciding on the best coal stocks for your portfolio. For instance, if you are looking to generate income from buying shares, you can look for dividend stocks. You can also check out what other products the company makes its revenue from.

See some more information below.

Does the Coal Stock Have a Diverse Product Portfolio?

The $2 trillion infrastructure plan proposed by Joe Biden could improve demand for raw materials. As such, coal mining companies with a diversified portfolio of products should benefit from this increased demand.

  • With this in mind, when you are studying the best coal stocks, you could choose a company with more than one revenue stream.
  • For example, Anglo American has a diverse material portfolio.
  • It mines nickel, diamonds, copper, iron ore, and of course thermal and metallurgical coal.
  • This company is also one of the world’s largest producers of platinum.

Notably, having multiple products can go the other way. For instance, some coal mining companies discussed today will have been hit by the 50% decrease in the price of iron ore in 2021.

Whereas our overall best coal stock, Glencore – doesn’t mine this metal. Whether you prefer a stock with a range of products, or just a few, being aware of what the company focuses on will help you understand and predict price fluctuations.

Is the Coal Stock Likely to Grow or Reduce Dividends?

Many coal mining stocks pay dividends to shareholders. In fact, on the FTSE 100, these stocks are often the biggest contributors. Sometimes, companies with long-term dividend growth records perform better over time. This is because they give a generally desirable combination of an increasing share price and rising dividends.

eToro Chart BHP Group

The goal is that the increased dividend payout would, over time, drive the coal stock higher by force, which is great for you as an investor. With that said, each coal stock will vary, in terms of dividends paid.

  • A low payout could suggest that the coal stock will be able to raise its dividend in the future
  • On the other hand, a super-high yield may be a burden for the company. This is because it could divert funds away from critical investments in the underlying business
  • A high yield can also be a warning that the company is in crisis
  • With this in mind, check out a range of information, such as company debt and total returns

Numerous coal stocks have been able to maintain profitability and pay dividends to shareholders. From the coal stocks discussed today – BHP Group has the best dividends policy. The company has a running dividend yield of over 11% at the time of writing.

Where to Buy Coal Stocks – Full Broker Reviews

We thoroughly examined leading trading platforms that offer the best coal stocks.

Every investment platform you see below holds a regulatory license from the SEC in the US, which allows you to buy coal stocks in a secure space.

1. eToro – Overall Best Platform to Buy Coal Stocks

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The overall best brokerage for buying coal stocks is eToro. The trading platform has more than 20 million clients and offers 0% commission on ETFs and shares.  You’ll also find stocks from the US, the UK, and 15 other marketplaces. Furthermore, fractional shares will be available for purchase on eToro. As a result, you may purchase a small portion of a share in a coal-focussed company starting from just $10.

If you decide this broker is for you, the eToro trading platform will provide you with access to a variety of other markets. This is inclusive of indices, commodities, forex pairs, and crypto-assets. Copy Trading is one of eToro’s most useful features. With one transaction you can allocate some funds to a successful trader and mirror their orders passively.

etoro copy portfolio

For instance, if they use 20% of their equity to acquire Glencore shares, you would see the same in your portfolio. That is to say, if you invested $2,000 in this trader, you would own $400 worth of Glencore shares.  As a result, this feature offers people a low-risk strategy to trade stocks. You can fund your eToro account to start buying stocks with as little as $10. If you like the idea of investing passively, you can also check out the CopyPortfolio feature.

Select a fully allocated, well-balanced portfolio that focuses on market categories you are interested in. The CopyPortfolio tool will contain a collection of assets, such as stocks – grouped together according to a specified strategy or industry. You will have a varied choice of payment options when it comes to making a deposit at eToro. This includes debit/credit cards, bank wire transfers, and also a range of e-wallets. The latter includes PayPal, Neteller, and Skrill.

Pros

  • Invest in thousands of stocks at 0% commission
  • The minimum investment $10 per share
  • Supports bank transfers, debit/credit cards, and e-wallets
  • Regulated by the SEC, ASIC, FCA, and CySEC
  • Used by over 20 million traders
  • Perfect for beginners
  • Copy and social trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Buy and Sell Coal Stocks at 0% Commission

webull review

Webull is a top-rated commission-free brokerage with a good variety of stocks to choose from. Outside the US markets, however, just a few companies are listed. If you happen to be looking for coal stocks listed on an international exchange, like the LSE, the HKG, or the ASX – eToro will better suit your goals. Not least because you can access stock markets from all over the world, from numerous different sectors.

webull review

Regardless, if Webull sounds like a good fit to buy your chosen coal stocks – the broker supports fractional share investing from $5. Furthermore, there is no obligation for a minimum deposit with this stockbroker. Webull provides investors with a choice of accounts to suit everyone. We found this to include retirement and self-directed accounts. Webull accepts bank wire transfers and ACH as deposit methods to fund your chosen account.

Pros

  • Thousands of US-listed stocks
  • 0% commission trading
  • Also supports ETFs and stock options
  • No minimum deposit

Cons

  • No support for debit/credit card deposits
  • Very limited selection of non-US stocks
  • Spreads can be somewhat high
  • Wire transfer withdrawals cost $25 per transaction

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

3. SoFi – Trade Coal Stocks in Fractional Amounts

SoFi invest review

SoFi is one of the best brokers for investors looking to partake in fractional stock trading. This allows you to allocate just $5 in the coal stock of your choice, which is perfect for people who want to diversify or generally reduce the risk of buying shares. Notably, SoFi only lists stocks in the US, which might not suit some investors. On the other hand, there is no commission on stocks and IPOs.

SoFi invest review

This broker also provides access to funds, crypto assets, retirement accounts, and passive investing tools. If you are looking for a simple account to buy coal stocks from, you will find the self-directed trading account the most suitable. This particular option allows you to make a deposit as low as you like. There are a few payment types supported here when funding your account to buy stocks, which includes a bank wire, recurring deposits, and checks.

Pros

  • Supports fractional share investing
  • Offers stocks, crypto, and ETFs
  • Access to upcoming IPOs 

Cons

  • Trading platform has limited features
  • No copy trading tools available
  • Number of supported merkets is limited

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

4. Ally Invest – Challenger Bank Providing Access to Low-Cost Stock Investments

Ally Invest review

Traders of all skill sets can access a huge number of US stocks with Ally Invest. With that said, traders who like to perform technical analysis will be disappointed with the tools available. If this doesn’t matter to you, you can sign up and buy coal stocks that are listed in the US on a 0% commission basis. Furthermore, Ally Invest offers clients a wide range of accounts, including retirement and the aforementioned self-directed plan.

ally invest review

The latter is the conventional choice for traders looking to buy and sell coal stocks. It’s worth noting that fractional shares aren’t available at Ally Invest. However, by sticking with the self-directed account, you will not be obliged to meet a minimum deposit. To fund your stock purchases, you can arrange an ACH, check, bank wire, or third-party transfer.

Pros

  • Access banking and investment services via a single trading platform
  • $0 commission stocks and ETFs
  • No minimum deposit required

Cons

  • No international shares available
  • Research and tools very limited   

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

5. Zacks Trade – Best Online Broker for Advanced Stock Traders  

zacks trade review

Zacks Trade may be the perfect alternative if you’re a stock trader with some experience. This is because this broker offers in-depth analysis tools via its Zacks Trade Pro platform, which is loaded with advanced features such as indicators and price charts. As well as stocks, you will find options and ETFs listed at this brokerage. Do note that you will need to pay commission when you buy or sell coal stocks here.

zacks trade review

To further elaborate, if you buy a coal stock priced at over $1, the commission payable will be $0.01 for each share. Alternatively, if a share in your chosen company is worth less than $1, you will be liable for 1% of the total investment amount. You may fund your Zacks Trade account using debit/credit cards, wire transfers, and a few supported e-wallets.

Pros

  • Advanced trading platform
  • Huge research and analysis department
  • Great for traders with experience

Cons

  • Too complex for inexperienced traders
  • Cheaper trading fees available at other platforms
  • Recommended minimum deposit is $2,500

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

6. Merrill Edge – Online Stockbroker With Numerous Investment Accounts

Merrill Edge review

Merrill Edge allows current Bank of America customers to link accounts which makes financing your investments simple. Of course, you don’t have to be a Bank of America customer to buy and sell stocks on this platform. In fact, Merrill Edge offers 0% commission on all stocks as long as they are listed in the US. When you open an account with this brokerage, you may choose from a range of accounts

Merrill Edge review

There are savings and retirement accounts at Merrill Edge, as well as self-directed and guided plans. For stock traders, the latter is not only the simplest account offering, but it also means there is no minimum deposit to worry about. To open a guided account, for example, a minimum deposit of $1,000 is required. A check or bank wire transfer can be used to finance your Merril Edge account.

Pros

  • Multiple account types to choose from
  • Self-directing accounts offer 0% commission on stocks
  • ETFs, bonds, and mutual funds are supported 

Cons

  • Financial advisory accounts require minimum investment of $20,000
  • No direct fractional shares are supported

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

7. Robinhood – Best Newbie-Friendly US Stockbroker

robinhood review

For newbie stock traders wishing to buy coal stocks based in the US, Robinhood is a good place to start. This platform also includes guides that will aid you in learning how to trade shares, ETFs, and much more. As with some of the other brokers on this list, Robinhood also lists upcoming IPOs. Robinhood offers 0% commission on all US-listed stocks.

robinhood review

When it comes to financing your Robinhood account to buy coal stocks, there is no minimum deposit. If you are here to trade US stocks and this broker fits the bill – you can pick from a wire transfer or ACH when you sign up and make a deposit. All in all, this is a great broker for beginners, but if you want access to stocks outside of the US, consider eToro or another platform on this list that offers access to international marketplaces.

Pros

  • No commissions charged
  • Offers US-based stocks, ETFs, and options
  • No minimum deposit
  • Very user-friendly

Cons

  • Spreads can be uncompetitive
  • No support for e-wallets or debit cards
  • No foreign stocks

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

8. Interactive Brokers – Buy Thousands of Stocks at 0% Commission

Interactive Brokers

Interactive Brokers offers thousands of stocks and allows you to purchase fractional shares. This platform is also one for those who are interested in stocks from within and outside of the US. This is because there are 135 markets listed from numerous countries. All equities listed in the US are available at 0% commission. With that said, depending on the stock exchange, you will be charged a commission fee to trade outside of the US.

Interactive Brokers

When you sign up with Interactive Brokers you will find a number of accounts. Options comprise self-directed portfolios and saving accounts, among others. Notably, self-directed plans require no minimum deposit when funding your account. For this, you can opt for a wire transfer or check. If you’re seeking high level research and analysis tools – Interactive Brokers is worth considering.

Pros

  • Thousands of investments covering 135 markets
  • Advanced trading platform for experienced investors  

Cons

  • Low fees only available on US-listed stocks
  • Too complicated for new traders
  • Debit card withdrawls and deposits not available     

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

9. E*TRADE – Top-Rated Stockbroker for Long-Term Investors

E*TRADE review

There is a selection of US-listed coal stocks on E*TRADE, but there aren’t many international options. If your objectives are within the US, you’ll be pleased to find that E*TRADE offers 0% commissions on such equities. This broker also delivers if you’re searching for an account to buy coal stocks and hold on a long-term basis. This is because there is a range of retirement plans to select from.

E*TRADE review

This reputable stockbroker accepts ACH, checks, or bank transfers as means of making a deposit. Moreover, as long as you select the standard account, you won’t have to be concerned with a minimum deposit. Open a margin account if you’re a more experienced stock trader, but note this requires a minimum of $2,000 to get started.

Pros

  • Great for long-term investors
  • Supports numerous retirement accounts
  • Low trading fees  

Cons

  • Very limited number of stocks outside the US
  • Won’t suit seasoned investors seeking high-level trading tools     

10. Fidelity – Reliable US-Based Broker With Over 7,000 Stocks   

Fidelity is headquartered in the US and lists an impressive 7,000+ stocks. Moreover, when you buy US-listed coal stocks Fidelity charges 0% commission. Shares listed on overseas stock exchanges will come with commission fees. As such, you will need to check what you may be liable for if you were looking for non-US shares. Nonetheless, you may acquire 0.001 of a stake in coal equities at Fidelity, which means you can take part in fractional share investing.

fidelity review

Fidelity offers retirement and savings accounts as well as mutual funds. You will also find margin accounts, which are suited to experienced investors. The aforementioned margin account must be opened with a minimum of $5,000. There is no minimum deposit requirement for standard stock trading accounts. Fidelity accepts a limited number of deposit options, including check and bank wire transfers.

Pros

  • Trusted US-based brokerage with over 7,000 stocks
  • $0 commission on US stocks and ETFs
  • Stock Slice tool allows fractional investments of $1 

Cons

  • Perhaps too complex for newbies
  • Non-US assets come with high fees  

at eToro, #1 Online Broker

 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Coal Stocks – Detailed & Explained in Full

Next, we’ll walk you through the process of how to join eToro to buy the best coal stocks. In addition to regulation from the SEC, eToro charges a 0% commission on coal stocks from all over the world. Another motivation to choose this broker is the opportunity to buy fractional coal shares starting at just $10.

Step 1: Open a Broker Account

Begin opening an account at eToro by clicking ‘Join Now’ and entering your email address and cell phone number. You’ll need to provide your full name, as well as a username and a password of your choosing. Move on to the next stage by clicking ‘Create Account.’

how to join etoro

As we mentioned, eToro adheres to AML requirements. As a result, you will be asked to submit documents that verify your identity and address.  This entails uploading a copy of a bank statement and also a clear image of your driving license or passport. Other documents are accepted.

67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Deposit Funds

To buy coal stocks, you need to fund your eToro account. You may start trading at eToro with as little as $10. To fund your newly acquired trading account and buy the best coal stocks you will need to complete the deposit form.

Deposit Funds

For this, enter the amount of US dollars you want to add. You’ll also have to choose a deposit type from the list. You can opt for a wire transfer, credit or debit card, or an e-wallet like Paypal.

Step 3: Search for Coal Stocks

Once you’ve confirmed your deposit, you will see that you have available equity in your eToro portfolio to buy coal stocks. You’ll need to locate your chosen stock by typing the company’s name into the search bar.

eToro Search Glencore

As you can see, we are looking to invest in Glencore, a multi-billion dollar coal mining company with a varied portfolio of products. If you are still making your mind up, you can use the ‘Discover’ button. This will allow you to browse coal stocks by category. Click ‘Trade’ to complete a stock trading order.

Step 4: Buy Coal Stocks

Here, we are allocating $30 to Glencore shares. You can start buying shares in your preferred coal stocks from as little as $10. As such, if the cost of a share is higher than $10, you will be purchasing a fraction.

eToro Buy Order Glencore

When you are satisfied with the amount you have entered to buy coal stocks, confirming will instruct eToro to add the shares to your portfolio.

How to Buy Coal Stocks – Conclusion

In this guide, we have reviewed a range of coal stocks, most of which are mining companies. You will find that these companies serve a range of other markets, such as steel industries. When you’ve chosen the best coal stocks for your portfolio – you can move on to choosing a brokerage to access the markets.

We like eToro for this purpose. The broker is regulated by the SEC and is a FINRA member. You can also partake in fractional share investing from a mere $10. The eToro platform is super-user-friendly and you can buy coal stocks at 0% commission.

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About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.