Buy Stocks With Neteller – How to Buy Stocks With Neteller in 2021
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Neteller is one of the best payment options through which you can buy stocks from the comfort of your home. However, before you can decide to use this payment method, you must locate a suitable stockbroker that supports it. The most important metrics to consider in this respect surround deposit fees, trading commissions, supported markets, and regulation.
In this guide, we’ll explain all you need to know about how to buy stocks with Neteller and which brokers to consider for this purpose.
Table of Contents
#1 Broker to Buy Stocks with Neteller – eToro
How To Buy Stocks With Neteller – Choose a Stockbroker
First, we outline some brokers that you can utilize to buy stocks with Neteller. You should note that not all brokers support this payment option. Therefore, our research team has carefully assessed the market for the very best.
- eToro – Overall Best Broker to Buy Stocks With Neteller
- AvaTrade – Popular CFD Platform to Trade Stocks With Neteller
- Pepperstone – Great CFD Broker to Trade Stocks With Leverage
Although you might find other platforms in the market that will allow you to buy stocks with Neteller, the above providers stand out from the crowd. You’ll understand this better when you read our full review of each stockbroker further down on this page.
How to Buy Stocks With Neteller – A Quick Guide for 2021
If you want to buy stocks with Neteller right now, you must understand that there are a few steps involved. To make this easy for you, we have outlined the required process with eToro. This top-rated broker not only supports Neteller deposits and withdrawals, but it allows you to buy stocks at 0% commission.
- Step 1: Create an Account with eToro – All stockbrokers will require you to open an account before you can use the platform’s services. On eToro, all you have to do here is to visit the stockbroker’s website and fill in your personal details to sign up for an account.
- Step 2: Upload ID – You’ll need to provide documents that verify your identity. This is because the stockbroker is regulated by financial bodies like the SEC and FCA and thus – it has to comply with KYC laws.
- Step 3: Add Funds With Neteller – To make a deposit into your account, you’ll have to choose your desired payment option. Here, you simply have to select Neteller. Then, you’ll decide the amount you intend to add to your account and complete the transaction.
- Step 4: Search for Stock – eToro offers thousands of stocks across 17 international markets. Therefore, you can easily gain access to the stock you want to buy. Simply type the company name into the search box and the stockbroker will display the results.
- Step 5: Buy Stocks with Neteller – At this final step, you’ll enter the amount you intend to invest in the stock. The minimum you can invest at eToro is $50. Once you’ve confirmed all details, you can open your investment.
With these steps, you’ve just learned how to buy stocks with Neteller. Nonetheless, if you need a more in-depth understanding, we have provided another section below where each step is adequately substantiated.
67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy Stocks With Neteller – Full Stockbroker Reviews
One of the key things to do when learning how to buy stocks with Neteller is to evaluate the market for the most suitable platform. When you do this, you’ll likely find a number of stockbrokers that you can use. However, it’s crucial to focus on the quality of services offered by the platforms you assess.
To make this process convenient, we’ve assessed the market and come up with the top three stockbrokers that support Neteller.
1. eToro – Overall Best Broker to Buy Stocks With Neteller
We found that eToro is the overall best broker to buy stocks with Neteller. Perhaps the most notable reason here is that the platform is approved by five financial bodies – including the FCA and SEC. This impacts the stockbroker’s score on the credibility metric, making it one of the most secure platforms where investors can buy stocks using Neteller. To get started with eToro, you simply need to create an account, verify your identity, and proceed to buy stocks.
Once you’ve set up your account, you’ll gain access to a wide range of stocks from a variety of markets. In fact, the broker lists 17 stock exchanges through which you can access companies of all shapes and sizes. Some of these stock exchanges include the NASDAQ, NYSE, London Stock Exchange, and more. With this wide range of options, you can choose to buy stocks from hundreds of companies listed across different exchanges. This is great for diversification purposes.
Furthermore, the stockbroker allows you to choose Neteller as a payment method. With this option, you’ll incur just 0.5% in fees (free for US investors) when you make a deposit. After that, you can proceed to buy stocks without paying a dime in commission. We consider this a low-fee structure, making the stockbroker one of the best places worthy of consideration when looking to buy stocks with Neteller, especially as a beginner. Neteller withdrawals are competitive too, at just $5 per transaction.
eToro also provides different tools to make investments easy for newbies. For instance, you can utilize the copy trading feature, which is a tool that allows users to replicate the positions of an experienced investor. This way, you can invest in a passive manner while using eToro. Additionally, the stockbroker has a social platform where users can interact and discuss market news. There are also educational resources that can be used to find out more about different companies.
Pros
- Invest in stocks at 0% commission
- Minimum investment per stock investment is $50
- Supports debit/credit cards, e-wallets, and bank transfers
- Regulated by several bodies – including the FCA and SEC
- 20 million+ users
- Beginner-friendly
- Social and copy 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. AvaTrade – Popular CFD Platform to Trade Stocks
AvaTrade is a CFD stockbroker, meaning when you gain access to stocks on this platform, you won’t be taking actual ownership of the asset. The platform also allows you to apply leverage to your trades, making it possible to increase your purchasing ability when trading stocks. However, this feature should be used with care, as it can also lead to huge losses very quickly. Nonetheless, if you have some experience in the stock trading scene, AvaTrade is a platform you’ll find suitable.
Furthermore, the stockbroker is adequately regulated across seven countries, which indicates the level of credibility the platform has garnered. If you’re looking to buy stocks in a secure manner, this is one of the best platforms that you might want to consider. AvaTrade grants you access to not only stocks but also commodities, ETFs, and cryptocurrencies. Therefore, you can easily diversify your portfolio across different assets on the same platform.
Another notable perk of the platform is the provision of tools that you can utilize to trade conveniently. The stockbroker provides charts and technical indicators through which you can have a more in-depth understanding of the market. AvaTrade is also notable for its simple user interface. So, you can navigate your way and complete your stock purchase within a couple of minutes, even as a beginner.
Pros
Cons
Trading CFDs and FX Options entail risk and could result in the loss of your capital.
3. Pepperstone – Great CFD Broker to Trade Stocks With Leverage
If you’re looking to buy stocks with Neteller without paying the spread, one broker you might want to consider is Pepperstone. The platform offers ZERO spread accounts which you can use to trade stocks if you don’t want to pay the difference between the ‘ask’ and ‘bid’ price. This way, the stockbroker offers investors the best available market price. We consider this a notable feature that investors might want to contemplate when assessing trading platforms.
Furthermore, the platform provides access to a wide range of stock markets including the US, UK, Germany, and Australia. For instance, the US market allows you to access more than 600 share CFDs from the New York Stock Exchange and the NASDAQ. The UK section also lists 100 equities from the London Stock Exchange. Additionally, the fee you pay when trading is based on your chosen account. For instance, the ZERO spread account comes with a small commission that averages $3 per slide.
Another important thing to note is that the platform is regulated by the FCA, which is a top financial body in the UK. This factor impacts the credibility of the trading platform. You can also gain access to a 24/5 customer support channel where you can resolve any issue faced while trading stocks. Ultimately, you can get started with this platform by creating an account, verifying your identity, and making a deposit with which you’ll buy stocks using Neteller.
Pros
- 1,000+ markets covering shares, indices, commodities, forex, and more
- Spread betting and CFD trading markets
- 0% commission accounts available
- No minimum deposit
- Authorized and regulated by the FCA
- Compatible with both MT4 and MT5
Cons
- Fee policy is somewhat confusing
- Limited educational resources
at eToro, #1 Broker in the Stock Trading Scene
67% of retail investor accounts lose money when trading CFDs with this provider.
How to Buy Stocks With Neteller – Detailed & Explained in Full
In this section, we further explain each of the steps involved when learning how to buy stocks with Neteller. Here, we’ll answer all the questions you might have concerning the process of using this payment option with eToro — a reputable 0% commission stockbroker.
Step 1: Open a Stockbroker Account
It’s only right to expect that you’ll need to create an account before using a stockbroker. The process involved here is straightforward and can be completed within a few minutes.
You’ll have to enter some personal details such as your full name, social security number, and more. eToro will also ask certain questions designed to understand your trading experience.
67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Provide ID
You cannot fully utilize the services offered by eToro until you’ve verified your account. As a regulated stockbroker, the platform must comply with KYC laws and ensure that all users provide the necessary identification documents.
To fulfill this requirement, you’ll need a government-issued ID and a document containing your home address. For the government-issued ID, you can use your passport or driving license. Concerning proof of address, you can upload your utility bill or a bank statement, issued within the last three months.
Step 3: Add Funds
Once you’ve verified your account, you can now proceed to make a deposit. Here, you’ll choose Neteller as your preferred payment method. Then you’ll enter the details of your Neteller account.
Assuming you already have funds in your Neteller account, eToro will complete the transaction and instantly add the capital to your account. Notably, however, the minimum you can deposit into your account is $50.
Step 4: Search for Stocks
Once you’ve decided on the stocks that you want to buy, the next thing is to enter the name of the respective company into the search box. For instance, suppose you want to buy stocks from Apple, you simply have to enter the company name as indicated in the image below.
Once Apple appears in the result tab, click ‘Trade’ to proceed to the final step.
Step 5: Buy Stocks
The final step involves an order box where you’ll input certain details. For instance, you’ll enter the amount you wish to put behind the stock (minimum of $50).
After entering the required details, then you can open your investment. With these steps, you’d have just bought stocks with Neteller without paying any commission!
Note: The image above shows ‘Set Order.’ This means that the market is closed for the day. As such, you can set your order and the stockbroker will complete it for you once the market reopens.
How to Cash Out Stocks to Neteller
After completing your purchase, your goal will be to wait until the stock rises in value. Then, you’ll elect to sell the stock and secure your profit.
Nevertheless, it’s essential to know the steps involved here. If you want to cash out your investment, follow the steps below.
- Log into your eToro account
- Click on the ‘Portfolio’ button
- Initiate the process by clicking ‘Sell’
- Confirm the order
If the markets are open, eToro will execute your sell order immediately. However, if the markets are closed, the order will be completed once reopened. Nevertheless, once the stockbroker sells your stocks, you’ll be able to process a withdrawal back to your Neteller account.
Fees to Buy Stocks With Neteller
A crucial aspect to evaluate when looking to buy stocks with Neteller is the cost you’ll incur during the process. In most cases, you need to consider deposit and withdrawal fees alongside commissions. These are often the fees that will significantly impact the cost of buying stocks.
Below, you’ll find an explanation of each of these fees.
Deposit Fees
If a stockbroker charges deposit fees, you can find this out by going through the platform’s pricing plan. For instance, when you’re using eToro, you’ll only incur 0.5% in fees (free for US clients) for making a deposit via Neteller. At other platforms, this fee can exceed 3%.
Withdrawal Fees
In a similar manner to making a deposit, processing withdrawals on some stockbrokers might attract a fee. In the case of eToro, you will only be charged $5 for this purpose regardless of the transaction size. This is a better alternative to being charged based on the transaction size.
Commissions
A crucial aspect to consider when choosing a broker to buy stocks with Neteller is the commission they charge. For many trading platforms, charging a commission is how they make a profit for the services offered.
This is especially the case if you are looking to invest in international shares, as many brokers implement a purchase. On the flip side, you don’t have to pay a commission when eToro – and this is the case across all of its 17 supported stock exchanges.
Reasons to Buy Stocks With Neteller
If you’re unsure about whether to use Neteller to buy stocks, we have prepared this section to discuss a few reasons why you might want to consider this payment option.
Fast Transactions
If you’re looking to buy stocks quickly, Neteller is one of the best payment options you can use for that purpose. Once you provide your Neteller details and confirm the transaction, the stockbroker will process your payment immediately. This makes it possible to buy stocks without facing any delay.
No Reason To Enter Payment Details
Another crucial reason for using Neteller is that you won’t need to enter payment details directly into the broker’s website.
- Once you fund your Neteller account, you can proceed to make a deposit safely.
- This is unlike completing the purchase with a debit/credit card where you’ll need to enter payment details on the broker.
Even if you don’t have sufficient funds in your Neteller account, all you need to do is to make a deposit with the debit or credit card you’ve already linked to it.
Low Fees
Neteller itself doesn’t charge a fee for using your account at an online broker. Therefore, all you have to contend with is the fee charged for making a deposit or withdrawal by the stockbroker you’ve chosen. A platform such as eToro will only charge you a 0.5% fee (free for US clients) for making a deposit with Neteller.
Quick Withdrawals
When you buy stocks with Neteller, you’ll also enjoy swift withdrawals. This is a notable perk since many investors prefer to complete purchases and withdrawals as quickly as possible.
So, while withdrawing funds to your bank account can take a few days, this will be completed within a much shorter time period when using an e-wallet such as Neteller.
Buy Stocks with Neteller – The Verdict
In this guide, we have explained all you need to know about buying stocks with Neteller. The process is simple and straightforward once you understand the steps involved. Most importantly, you should focus on choosing a stockbroker that offers low fees and a strong regulatory framework.
A platform such as eToro fits the bill here. You can buy stocks without paying commissions and the stockbroker is heavily regulated. This makes it both a low-cost and credible option in your quest to buy stocks with Neteller.
eToro – Best Broker to Buy Stocks With Neteller
FAQ
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