How to Buy Gamestop Stock – Where To Buy Gamestop Stock USA (2021)
In one of the most dramatic price actions that we have seen this year, gaming Giants Gamestop has shown incredible fortitude in the stock market and have caused their investors to enjoy a comprehensive growth in the value of their stock holdings.
In this article, we will be looking at how you can buy Gamestop stocks and the best brokerage you can buy them for maximum profits.
#1 Broker to Buy Gamestop Stock – eToro
Gamestop has risen in value this year, making it a highly sought after asset that people can look at in the long term. The best platform for finding the best Gamestop stocks is eToro, and if you are using it for the first time, here are a few steps on how to register with eToro to start buying Gamestop stocks:
How To Buy Gamestop Stock – Step by Step Guide 2021
- Step 1: Register with eToro – Open an account with eToro to get started. Visit the homepage and click on ‘join now’ to get started.
- Step 2: Verify your identity – You will be required to provide a means of identification, preferably a photo ID (e.g. passport/drivers license/utility bills)
- Step 3: Make a deposit – You need to deposit on eToro before you can enter any trade. On your dashboard, simply click ‘Deposit funds” and proceed to choose your most preferred payment method to make a deposit.
- Step 4: Buy Gamestop stocks – Search ‘Gamestop stocks’ in the search box on your account page. Press ‘Trade’ and enter the amount you want to invest. The press ‘Buy’. That’s it, you have Gamestop stocks to your name
Where to Buy Gamestop Stock – The best brokers
Gamestop stocks are one of the most traded assets in the market today. Investors are looking to capitalize on its price fluctuations daily, weekly, and monthly, depending on their interest. To realize their profits, they would have to work with the best brokers available who can provide them with accurate price updates when the time is right. You no longer need to go on a wild goose chase of researching over 100 online brokerage firms to find the most suitable one. We have taken the responsibility of providing you with an evaluation of the best brokers you can begin to use starting today.
1. eToro – Best Overall Option to buy Gamestop Stocks
Having considered all metrics, we have discerned that eToro is the best broker on our list. Despite the relatively simple interface, it allows users to access 1000 different types of company stocks. Most of which can be traded under low-risk conditions.
Security and Privacy
eToro is a highly interactive yet secure platform that has earned the trust of more than 20 million users for years. It has obtained the license of regulators such as the CySEC. ASIC, FCSA, FCA, and others. The best security feature of the app is of two layers, with the last layer being the highly effective 2FA method of verifying the identity of the account holder. It helps to protect against attacks by hackers, prevents the users’ data from being stolen, and secures their funds.
Fees and Features
eToro is a user-friendly platform that is easy to navigate for both new and experienced traders alike. You will have access to become a copy trader with eToro as you seek to make profits while not having much experience with trading. All you have to do is adopt the trading strategies of expert traders in the market. eToro is commission-free and charges a fee on deposits and withdrawals. However, they charge £10 per month for inactivity fees.
|Fee Type||Fee Amount|
|Inactivity Fee||£10 per month|
- User interactive platform
- Offers negative balance protection
- A low minimum deposit fee
- High security
- Access to 1000+ stocks
- Charges inactivity fee
- No Meta trader support
67% of retail investor accounts lose money when trading CFDs with this provider.
2. AvaTrade- Convenient Platform for Buying Gamestop Stocks
AvaTrade is one of the long-standing platforms that has embraced some of the advanced sections of the financial markets, such as cryptocurrencies and CFDs. It is a rapidly expanding broker that is second only to eToro. It has a track record of some of the most successful traders with a lot less risk at trading CFDs than Capital.com but higher than eToro’s.
Security and Privacy
AvaTrade prioritizes securing its trades and user accounts against aggressive attacks from cyber fraudsters and hackers looking to pillage investors stocks. Hence, the installation of the 256-bit SSL encryption system put up a solid firewall against such activities. AvaTrade’s level of security has earned its pats on the back from some of the world’s largest financial market regulatory bodies. More investors have found it to be a safe platform to put their money in and earn profits.
Fees and Features
Like eToro and Capital.com, AvaTrade does not charge any commission, deposit or withdrawal fee, but it has a pretty exorbitant inactivity fee to go with it. It can be discouraging for average investors to continue trading for long on AvaTrade with that fee. Nonetheless, those that could afford their extremities have little to complain about their services. The platform’s interface is seamless, and it loads faster than most brokers out there. AvaTrade has a 24/7 supportive network that answers any concerns of its users from all over the world. They are also easy to access via email or phone numbers.
|Fee Type||Fee Amount|
|Inactivity Fee||£50 after three months and £100 after 12 months|
- Allows scalping
- Completely regulated platform
- Allows hedging
- 24/7 email and phone support
- Islamic account is available to accommodate more users
- No negative balance protection
- No guaranteed stop loss
- High inactivity fee
Your Capital is at Risk.
3. Capital.com- Easily Buy Gamestop Stock.
Capital.com has been deemed to be the best brokerage platform that offers a beginner-friendly set of features. The design is plain to the eye and easily accessible from any device (e.g. android, iOS, iPads, PCs). Some of the highest-earning traders have at one time learned while using Capital.com. Some of its features favour users from the UK since it is based in the United Kingdom.
Security and Privacy measures
Its data encryption system is highly rated according to PCI data standards. It ensures that user data is protected from hackers’ prying fingers who might use their data for illegal purposes. It has also confirmed that its user accounts and their earnings or trading activities are hackproof. The worst that could happen to a digital investment platform like this is if some external agent could influence trade and cause users to lose income. The proof that Capital.com is a safe place to trade would be that it is licensed to trade across about 150 countries because of its safe and secure attributes that are a solace to investors. It is virtually the only broker that has an insurance scheme that protects its users in the case of a mishap. Although, the insurance can only apply to citizens of the United Kingdom.
Fees and Features
Compared to eToro and AvaTrade, it offers no inactivity fee, no deposit and withdrawal fees. It doesn’t matter how much you have earned or how much you are withdrawing; you do so at no extra cost. Its educational features help reduce the risk that traders often encounter when they trade volatile markets such as CFDs and cryptocurrencies. The platform had estimated that more than 78% of its users tend to lose money trading in volatile markets. Thus, it has intensified training programs to enlighten users about how to reduce such a loss.
|Fee Type||Fee Amount|
- Proper user orientation
- Access to analytical charts
- FDIC Insurance (for UK-based traders)
- Low CFD fees
- Efficient customer support
- High risk on CFD tradings
- No price alerts
76.72% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
Comparing the three brokers’ prices for trading Gamestop Stock
Below is a summary of the fee required across each platform to buy Gamestop stocks.
|Commission||Deposit Fee||Withdrawal Fee||Inactivity Fee|
|AvaTrade||0%||£0||£0||£50 after three months and £100 after 12 months|
What Are the Different Ways to Buy Gamestop Stock?
Gamestop stocks are the buzz right now. Once you raise a question about what stock to buy, you are bound to get recommendations nudging you in the direction of Gamestop. People love it for the enjoyable price fluctuations, which have earned people huge profits. Any company’s stock can be bought as futures, spread betting, CFDs, and stocks on any brokerage. We will be talking about three critical ways in which you can trade Gamestop stocks. Do this after having learned which broker would best suit your purpose.
The first one is stock valuation and trading. It simply means investment in the value of a company. Publicly traded companies are the only ones with good stocks in the market when their shares and assets are evaluated. Before a company stock can attract value, it must attain significance to its customers, the industry, and the future. When you buy a company’s stock, it means that you buy into the prospect that the company would start producing incredible results in all its activities and then rise in valuation. From this, we can detect that it is an investment of money and time altogether. Investors who cannot wait for years or let their dividends accrue over time might be unsuitable to buy Gamestop stocks. Also, holding a company stock means that you own a bit of it. It all depends on its total market capitalization. Hence, shareholders are often seen as part of the ownership of a particular company y whom they have invested in its market stock.
CFDs (Contract for Difference)
CFDs are a precarious system of investment where buyers attempt to predict the changes in the value of a particular company’s stock value. Let’s say that company A’s valuation is at about $10 per share, an investor in CFDs, much like a futures trader predicts whether the company’s stock price would increase or decrease over a short period. If the price increases as expected, then they will earn due profits. The more considerable the amount of money invested, the more the profits and the risk in the short term. Investment in CFDs is brief compared to stock trading, which may take years. Within a day or two, the profits or loss from the trade would have been realized by the investor. It is also a more hands-on type of investment as the investor must be proactive about keeping up with the market trends, news and technical analysis.
ETFs (Exchange-Traded Funds)
ETFs are probably the safest ways to trade Gamestop stocks. You have Gamestop stocks among a group of company stocks already bought by a broker, and you believe a portion of the total ETF and wait for profits to be generated off the funds. It also requires playing the waiting game but not for as long as you buy and hold stocks. Profit is guaranteed no matter how little with ETFs because it is assumed that not all the company stocks within a fund would lose at the same time.
Best ways to Buy Gamestop Stock
You are in a position of advantage when you know how to buy company stocks in general. With this knowledge, you are good to go with any of the above-listed brokers. But can you try all the methods of buying Gamestop stocks at a go? No! It is ill-advisable, at least without investment advice from an investment manager.
Buy Gamestop Stocks
There are several reasons why stocks are the best ways to buy a volatile stock like Gamestop stocks. First of all, a stock buyer already has his eyes on the long term, and thus they will remain undistracted by whatever price fluctuations riddle the market. Gamestop stock value has been deemed to be primarily unreal because so far, it has grown due to hype by a forum of investors on Reddit. They also believe that its price is unsustainable that it would take time to gain actual value. If you are interested in the company for the long term, you should have no problem trying to weather the storm and keep the shares in your portfolio for as long as it is possible. The company is a promising one, and its prospects look good fundamentally aside from the trend it appears to be even now.
Buy Gamestop CFDs
When you buy Gamestop CFDs, you do not precisely buy the company stocks, but you are taking the stance of a trader based on the company’s price fluctuations. It makes up a pretty insane investment mode as Gamestop stock tends to be nothing more than a trend at times. Although, this also means that it might be your best bet to trade on CFDs and earn maximum profits in the short term. It will require a bit of work from your end in the sense that you would have to be an active trader checking the news blogs and charts for signs of price changes, and then you predict the direction in which the price could go. Please note that many have lost a lot of money trying to trade Gamestop stocks via CFDs due to the unstable price fluxes, while some other traders have made it big in the same process. It all depends on where the balance tips.
Invest in Gamestop ETFs
If you are aware of a standard broker like eToro that has a good stash of stocks that comprises Gamestop stock, you might be up for earning some profits. With Gamestop stocks potential to yield high profits even in the short term, it could boost the general value of the company stocks in the fund. It also means that even while the Gamestop stocks get devalued, the other company stocks in the fund can offset their losses. One will augment the other for as long as you hold your investment.
Is buying Gamestop Stock a Good Investment?
Gamestop is probably the company that has recorded the highest gain since the resumption of industrial activities following the COVID-19 restrictions. During the lockdown, gaming companies thrived as people spent more time at home, which also means that there was probably an increase in the sales of games to people who spent months off work. Recreation was necessary at the time, and the gaming industry, more than others, may not have suffered the damage that most industries did when their factories closed. The developments of technology in the gaming industry could improve the position of Game stock in the coming years, and it would turn profitable for investors who can capitalize and buy the stock with eyes on long-term profitability.
The Risks of Buying Gamestop Stock
Whatever method of buying Gamestop stocks you choose and whether you are in for a short term or a long-term investment, there is a bit of risk attached to everything. The constant fear that the company could liquidate or go through some controversy would cause some of its significant shareholders to dump the stock, but that occurrence is not so common. A company going bankrupt could affect its entire shareholders as well.
Buying Gamestop CFDs is tricky, and without prior trading experience, you can expect some profit and some risks. Price fluctuations can do more harm than good to CFD traders, especially in pump and dump situations. To remain on the safer side, you could best choose options such as Gamestop stocks or Gamestop ETFs with minimal risks.
How To Buy Gamestop Stock with eToro
Despite the volatile nature of GameStop stocks in the market, it remains one of the most traded stocks on eToro, and you can begin your journey buying Gamestop stocks in a few easy steps:
Step 1: Open an account:
Once you have decided to buy Gamestop stocks, the primary action is to create an account with a viable broker. eToro comes highly recommendable from us, and all you have to do is visit their official website and click ‘JOIN NOW’ at the top right-hand corner of your screen.
Step 2: Proceed to enter your information:
On this page, you will be required to enter details such as your ’email, ‘username’, and ‘password’. Be sure to fill in the correct information and use a password/username that you can easily remember.
Step 3: ID verification:
The eToro platform requires that you verify your identity using a standard-issued photo ID such as your driver’s license to help confirm that the details you input are correct. You can either use a passport or a driving license along with a document that affirms your geographical location. The scrutiny is necessary to ensure that the platform remains safe for investors like you. Identity verification can be carried out online.
Step 4: Deposit Funds:
With ID verification, you are now a full member of eToro. The next step would be to begin trading on the platform. Hence, it is necessary to provide funds to the account before buying or selling any stock. Select the ‘Deposit funds’ function and select deposit. You can make use of bank transfers, credit cards, or Paypal to make deposits on eToro. The payment will be visible on the platform once it is approved.
Step 5: Search and Choose GameStop stocks, CFDs, or ETFs.
With the deposit confirmed, you can enter your GameStop stocks in the search box, select them and buy the amount you desire.
We have come to the end of our guide to buy GameStop stocks; we hope you enjoyed the read. We believe that you now know how to buy GameStop stocks and the best broker to use in buying GameStop stocks. If you still have questions about eToro, do well to check our other articles for more information. Thanks for reading!