Buy Reddit Stocks – Buy The Best Reddit Stocks Today!

Fact Checked by Gary McFarlane

When talking about Reddit stocks, we are not addressing a company whose stock is available for trading, instead, we are referring to one of the largest social media platforms out there with a unique system of communication. In a way comparable to Twitter and Quora combined, Reddit users can come together in forums to discuss issues of paramount importance. They can also collectively promote an idea or product via the platform.

Reddit has grown to play an essential role in the stock market and the crypto industry, with threads channelled at securing funding from investors to sponsor a spike in the value of a particular stock. The forum offered by Reddit enables people to learn more about the stock market from some of the experts on the platform. They also know about some pretty profitable stocks to invest in to earn great profit in the short term. This article will teach you how to buy Reddit stocks, how to buy them and where to buy them.

#1 Broker to Buy Reddit Stocks – eToro

1
$50Exclusive promotion
Our score10
  • Buy over 800 stocks with 0% commission
  • Social trading network
  • Copy over 12 million traders and investors
0% Commissionstart TradingOur score 10

How to Invest in a Reddit 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 Reddit stocks – You can simply type in any Reddit stock of your choice in the search box on your account page. Press ‘Trade’ and enter the dollars you want to invest. The press ‘Buy.’ That’s it.

Where to Invest in Reddit stocks – The best brokers

Company stocks are not mere objects you can just pick up at a grocery store; you need access to efficient brokers. Even though there are many options to choose from when investing in Reddit stocks comes into play, you have to be meticulous in making a choice, as it will determine how your investment journey will start off. We understand how difficult it could be to choose a good enough broker, and that is why we have done all due research on your behalf to pick out the best online trading platform that has the best features for you to enjoy. Take your time to go through the review below and decide which broker is best for you.

#1. eToro – Best Overall Option to Buy Reddit Stocks

All the options on our list are great, but very few can match the impressive services that eToro offers. eToro was created back in 2007, and it has since earned rave reviews for the exciting options it has made available to investors. People just can’t get enough of the secure and user-friendly features of the number one broker in the market.

Security and Privacy

eToro has the CySEC, FCA, and ASIC regulate the firm to ensure a safe platform that provides real opportunities for investors. Investors are always on red alert when it comes to putting their money on a digital platform such as this one, hence one of the things they look out for is the presence of a regulatory license over the broker. We would advise that investors shun off any broker not certified by the leading regulators in the world. eToro is wired to withstand hacks and other cybersecurity concerns which could affect its network. The only challenge would be the user’s careless handling of security details, but even that can be offset by the newly introduced 2-factor authentication system of eToro. It offers an extra layer of security against common security issues that have caused investors to lose their funds to fraud.

Fees and Features

When you visit the eToro webpage, it all looks simple and light, but its functionality packs quite the punch. Users can enjoy a lot of fantastic features that make trading easy on the platform. It is designed to accommodate beginners with several training tips and one-click functions that are easy to understand – website design doesn’t get any better than this. Beginners can also enjoy the Copy Trading feature while they still learn to handle trades on their own. With this feature, they can easily imitate the trading tactics of another experienced trader and earn profits in the long term. Hence, you can easily trade even without any technical knowledge.

eToro Fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee £0
Withdrawal Fee £5
Inactivity Fee £10 per month

 

Pros

  • Commission-free
  • User interactive platform
  • Offers negative balance protection
  • A low minimum deposit fee
  • High security
  • Access to 1000+ stocks

Cons

  • Charges inactivity fee
  • No Meta trader support

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

#2. AvaTrade- Interactive platform to Buy Reddit stocks

AvaTrade is another exciting online brokerage that is second only eToro from our perspective. Like eToro, it has a heritage of goodwill, and it has sustained the trust of its long-term investors for the past 15 years. Some of the asset classes you can invest in via AvaTrade include stocks, CFDs, ETFs, and cryptocurrencies.

Security and Privacy

AvaTrade is currently in use across many countries in Europe and the Emirates, and Africa. Each country has obtained the license of top regulatory bodies like the FSCA, CySEC, SDGM, FCA. It means it was certified to be a safe and exclusive platform that tends to the needs of its customers. AvaTrade has over the years developed a 256-bit SSL encryption system to protect the data of all its users. It provides a comprehensively secure block against hacks and other forms of cyberattacks which could put investors at risk of losing money. They also provide orientation for their users to educate them about their account details and restrict third-party access.

Fees and Features

AvaTrade’s trading interface was designed to enable the swift process of seamless transactions and payments. They allow bank transfer and e-payment systems such as Paypal and Credit Cards to make easy payments. One of the significant features of AvaTrade is its active customer support system which helps users access necessary help when needed via emails and phone calls. Investors can trade stocks, CFDs, crypto, and ETFs on AvaTrade. Although, the metrics have shown that trading CFD is the most challenging aspect of trading on AvaTrade, with about 71% of trades resulting in a loss.

AvaTrade fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee £0
Withdrawal Fee £0
Inactivity Fee £50 after three months and £100 after 12 months

 

Pros

  • Allows scalping
  • Completely regulated platform
  • Allows hedging
  • 24/7 email and phone support
  • Islamic account is available to accommodate more users

Cons

  • No negative balance protection
  • No guaranteed stop loss
  • High inactivity fee

Your Capital is at Risk.

#3. Capital.com- Great place to Buy Reddit Stocks

Capital.com stands out as the best place for beginners to learn how to invest. It enables new traders to get as good as experienced traders on the platform. Its influence cuts across about 4000 markets worldwide, and it has earned different plaudits for offering some of the best investment options to its investors and bringing them profits.

Security and Privacy measures

With the approval of regulators like CySEC, FCA, FSCA, and NBRB, Capital.com is another secure platform for users to participate in swift and safe trading activities in a bid to accumulate profits. It has been deemed hack-proof due to its high-end encryption system that protects the system against cyberattacks. They offer PCI-certified standards of data protection for their numerous users. It is established in the U.K, and thus, it provides FDIC insurance that covers the loss incurred by U.K. citizens due to cybersecurity concerns.

Fees and Features

Virtually every trading feature of Capital.com is charge-free. Capital.com does not charge any commission fee, inactivity fee, or withdrawal/deposit fee. It doesn’t matter whether you are trading stocks, crypto, CFDs. Although, investors are advised to tread carefully when trading CFDs as the assets involved tend to be highly volatile. Capital.com has recorded a monetary loss by 78.77%  of its users who trade CFDs. To forestall this, capital.com adopts an intensive training module to ease traders into the world of CFD trading and thus, make them aware of the risks and the rudiments of trading assets.

Capital.com Fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee £0
Withdrawal Fee £0
Inactivity Fee £0

Pros

  • Proper user orientation
  • Access to analytical charts
  • FDIC Insurance (for UK-based traders)
  • Low CFD fees
  • Commission-free
  • Efficient customer support

Cons

  • 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 Reddit stocks

Below is a summary of the fee required across each platform to invest in beer stocks.

Broker Commission Deposit Fee Withdrawal Fee Inactivity Fee
eToro 0% £0 £0 £10 monthly
Capital.com 0% £0 £0 £0
AvaTrade 0% £0 £0 £50 after three months and £100 after 12 months

 

What Are The Different Ways To Buy Reddit stocks?

When you just register as a broker, you can be pretty clueless about what to do, especially if you are a new investor. There are multiple options to choose from, and you need to understand the fundamentals of each option. We believe that this will guide your choice on any brokerage platform. It can be pretty technical to learn all the financial terms, and we have done most of the job for you by simplifying the most straightforward options for you to invest in Reddit Stocks below.

Stocks

The shares of companies are presented in the form of stocks that are often sold in units. From our perspective, it is the simplest form of investment for a new investor. It is more of a long-term investment option as you get to buy into the future of that particular company. When you buy a company’s stock, you purchase specific percentage ownership in its entire makeup. Investors might have to keep their shares locked away for as long as possible. How do you earn profit? Dividends and voting decision-making are distributed between all shareholders according to the size of their holdings. It means that some of the company stocks you find on Reddit will allow you to participate in crucial decisions about the company’s progress.

CFDs (Contract for Difference)

Most brokerage platforms are not enabled to trade company stocks directly for individual investors. Hence, CFDs are the alternative method in which you can indirectly invest in such a company. When you invest in CFDs, you do not precisely own the company shares, nor are you a part-owner. What trading CFDs entail is that you can analyze and predict which stock prices rise or fall over a certain period. If you can get on the right side of the move, you are guaranteed to earn profit. Unlike trading stocks, it is not a long-term investment and is highly volatile.

ETFs (Exchange-Traded Funds)

You can invest in companies’ stocks like CFDs while not exactly owning any shares or ownership entitlement. The significant difference is that you can invest in more than one company’s stock in a single ETF. Your investment broker offers you many companies, and you can invest in the catalogue without any direct involvement in holding the shares. You only own a particular portion of the entire ETF. As dividends accrue from the underlying stock, you earn profits.

Best ways to Buy Reddit Stocks

We hope you now understand the basics of investment options available for you to trade Reddit Stocks available on a brokerage platform. Talking specifically about how to buy Reddit stocks using the above-listed methods, there are certain factors you should consider to choose the best type of investment for you. You could feel the length of your investment (short or long-term), your budget and expectations, as well as your strategy and risk tolerance.

Reddit Stocks

You can consider buying direct stocks from a Reddit Stock if you are in for the long haul. It would be best if you carried out due research into the prospects of the company. When you consider the positives favorable, you can then proceed to buy the stock. It promises a steady stream of income over time, and you get to be a part of the company’s decision-making. The company’s performance influences the share price; hence, the share value will rise if it keeps doing well in sales. If performance dwindles in the short term, the share price could fall as well. There is more security for the long-term than with other investment options.

Reddit CFDs

Trading CFDs are how you earn quick profits within reasonable margins over a short period from the market without owning an actual share. With the right mindset, an investor can make a CFD trade in a day or two, and the resultant profits are taken immediately. It offers higher liquidity than stocks and much higher returns than stocks in the short term. It is probably the riskiest of all investment methods but with the prospects of high returns.

Reddit ETFs

Imagine that you have a couple of hot Reddit stocks that you are interested in investing in; ETFs might be the way to go for you to earn profits. It capitalizes on the best features of stocks and CFDs to make up its desirable features. It also works by enabling you to invest in an already bought group of Reddit stocks placed under an ETF fund, and combines the total assets of two or more companies in a single fund. The security it offers is broad as the loss of one company within the fund can be remediated by the gains of the others. Be sure to evaluate the percentage of your preferred Reddit stock in your chosen ETF.

Are Reddit stocks a Good Investment?

Reddit stocks are a group of new stocks often posted via specific subreddit channels. Even though they seem unlikely, they tend to flourish beyond all expectations due to the attention they enjoy on Reddit. Reddit is technically the home of stock trends where you get to see the upcoming best stocks that can bring investors considerable profits in the short and long term. This year, we have seen a particular subreddit group perform wonders in the market. You must have read or heard about the WallStreetBets.

How it works

The thread created by this group has resulted in a dramatic turn of events that has seen stocks like AMC, Nokia, gaming giants, Gamestop, and Blackberry enjoy massive growth in their stock value. These are but a few company stocks that have enjoyed significant boosts in their stock price within a relatively short time. The group brought about an avenue for retailers to enjoy high profits against hedge funds and insider trading within Wall Street. All-in-all, there is an active conglomerate of investors reliant on the signals and tips offered by groups such as this one on Reddit. Reddit stocks have become a thing due to their activities. The activities of Reddit users propose a particular company stock as a valuable investment, and investors buy into it, thus generating traction for it to rise massively. Although the wins were short-term, investors could get enough gains out of the market action. It is the best of speculative investments that we have seen for years. If you choose to invest in Reddit stocks, you will be joining hundreds of thousands of investors to capitalize on what is a safe bet to earn profit in the short term.

The best Reddit stocks

They are a good investment because of the short time required to generate profits in an investor-driven market frenzy that is quote delightsome. Below are just a few of some active Reddit stocks that you can check out: Bed Bath & Beyond (NASDAQ: BBBY), GameStop (NYSE: GME), FuboTV (NYSE: FUBO), BlackBerry (NYSE: BB), Nokia (NYSE: NOK). The list is inexhaustible. Mind you, some of the enlisted company stocks might hold characteristic prospects in the long term, but the action of Reddit stocks ensures that investors get profit in the short-term as well, even while waiting for the long haul.  We have seen some of these stocks grow 2500% since the start of 2021, and there is still room for more growth in the long term.

Buy Reddit Stocks – What Are the Risks?

Most Reddit stocks have long-term potential, but short-trading comes with its level of danger. Users might not conduct due diligence on the stock options and thus fall into the stereotypical loop of buying a company without long-term prospects. Investors can also incur losses in the short term when the hype that is primarily supposed to boost a Reddit stock fails to materialize. The prizes tend to swing as volatility is instigated mainly in the market, often considered a red flag. Another threat to investors could be the lack of longevity of specific stocks. The most-mentioned stocks on Reddit tend to generate the most attention, and then, investor sentiment is driven towards it. Otherwise, it just dips quite heavily. Hence, they are primarily suitable for short trading. It requires a different level of meticulousness when dealing with Reddit stocks.

How To Buy Reddit Stocks with eToro

If you are trading with a broker for the first time, it can be scary, but here is a guide to help you carry out your first trade on eToro:

Step 1: Open an account:

You are ready to begin investing in Reddit 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. Proceed to fill in the necessary details in the spaces provided. Be sure to fill in the correct information and use a password/username that you can easily remember.

Step 2: ID verification:

The platform requires that you verify your identity using a standard photo ID such as on a 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 to trade and earn profit. Identity verification can be carried out online.

Step 3: 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 attempting to sell 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: Buy Reddit Stocks!

The last step is to simply buy Reddit stocks. Type ‘Reddit stock’ in the search bar, click on ‘trade’, enter the amount you want to invest, and click on ‘buy’. There you go, you are an investor now!

Conclusion

We hope you have learned all you need to know about Reddit stocks and the methods of investment. We have evaluated the best brokers in the business that you can invest with and the merits and demerits, and a detailed walkthrough on how to get started. You are now ready to buy Reddit stocks. All options seem good, but we rate eToro highly based on the comparisons of the general features of the brokers. Thanks for reading.

Best Broker to Buy Reddit Stocks – eToro

1
$50Exclusive promotion
Our score10
  • Buy over 800 stocks with 0% commission
  • Social trading network
  • Copy over 12 million traders and investors
0% Commissionstart TradingOur score 10

FAQs

Where Can I Trade Reddit Stocks?

What Should I Consider In Choosing An Investment Option?

What Is An ETF?

When Is The Best Time To Invest In Reddit Stocks?

Are Reddit Stocks Safe In The Long-Term?

About Blaise Luis PRO INVESTOR

Blaise Luis is a highly-skilled writer and content creator who has written for several high profile websites and YouTube Channels including Alex Costa. He is a skilled researcher who is great at simplifying complex concepts and making them reader-friendly with two degrees in English and several other professional certificates from top sites like Udemy.