Buy Self Driving Car Stocks – How To Buy Self Driving Car Stocks Today
The very idea of automated vehicles would remain a futuristic dream if not for the advancement recorded in the electric vehicle (EV) industry and Artificial intelligence development. It has birthed the spontaneous generation of ideas that would seem virtually impossible two decades ago. A new stream of autopiloted vehicles will be cruising down our streets in half a decade from the stable of the biggest automobile companies in the world. Buying the stocks of these companies now may be the best financial decision you can make for your future.
This article will guide you on buying self-driving car stocks, the best brokers to use, and how you can benefit from purchasing the company stocks in the short and long term.
eToro- The Best Platform to Buy Self-Driving Car Stocks
To get the best out of investment in any form of in stocks, CFDs, or ETFs, you need to avail yourself of the opportunity to use the best broker you can find. We recommend that you use eToro for this purpose for several reasons, which we will discuss in the subsequent sections. Before then, let us look at how you can register with eToro in a few easy steps:
Buying Self Driving Car 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/driver’s license/utility bills)
- Step 3: Make a deposit – You need to deposit on eToro before you can enter any trade. On your dashboard, click ‘Deposit funds” and proceed to choose your most preferred payment method to make a deposit.
- Step 4: Buy self-driving car stocks – Search ‘Self-driving car stocks’ 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 Buy Self-driving car stocks – The best brokers
We understand the characteristic difficulty attached to the technical aspects of figuring out the difference between over 100 investment brokers. It is particularly hectic to discern which broker would best serve your purpose, investing and earning profits on a safe and secure platform. We have taken it upon ourselves to carry out thorough research to bring you some of the best brokers in the market. Here is a simplified and detailed outlook into the nature of each broker and what distinguishes them from the rest of the market:
1. eToro: The best choice for buying Self-driving car stocks
The self-driving vehicle industry is an emerging one; hence it is not so much in the headlines. Hence, the assets might not be easily accessible to investors. eToro is a great place to begin your first foray into the world of automated vehicles.
Security and Privacy
eToro is a highly regulated broker, and this means that it has been licensed to practice as a safe and secure environment for investment in stocks, crypto, CFDs, and ETFs. You can use it without fear of the firm shutting down and carting away funds in the short and long term. eToro has a well-rounded set of security guidelines targeted at protecting investors from cases of fraud and hacking. The platform allows users to use the 2-factor authentication (2FA) as a final block against hackers or unauthorized access to a user’s account details. Once an attempt has been made to log in to the account, the user receives a notification on their mobile asking them to confirm their account details and password. If it was unauthorized access, eToro could prevent further access to the account this way. Users are also advised to avoid saving their eToro passwords on the browser as third-party agents can easily access them. eToro has a hackproof security system that helps hackers detect any website feature, thus maintaining its status as one of the most security-conscious brokers on the internet.
Fees and Features
eToro doubles as a stock investment and crypto trading platform, which users have found very easy to learn and earn from digital assets. It supports over 25 different currencies, which you can use across trading accounts. It charges between 0.75% to 5% on trades involving cryptocurrencies. eToro can be accessed via iOS and android through their user-friendly mobile app. Users can issue their grievances to the customer service via the 24 hours Live chat on weekdays (Monday to Friday). It is a rather appealing social interface that enables you to interact with other users on the platform and become acquaintances. Users can learn from their connections on eToro by observing their trading actions. You can also practice Copy trading on eToro while you learn the ropes as a beginner. Experienced traders can also use eToro to learn more about the market dynamics due to its unique features..
|Fee Type||Fee Amount|
|Inactivity Fee||£10 per month|
- Offers negative balance protection
- No deposit or withdrawal fees
- More options for international traders
- Highly regulated
- Charges inactivity fee
- No Meta trader support
- Not SIPC or FDIC insured
67% of retail investor accounts lose money when trading CFDs with this provider.
2. AvaTrade: Trade Self-driving stocks with ease
AvaTrade is a premium Forex and CFD brokerage platform with about 15 years to make a name for itself. Stats have shown us that AvaTrade has about 300,000 registered users actively trading on the platform as of this year. It is one of the platforms that has caught our eye with its innovative and flexible features.
Security and Privacy
AvaTrade’s trading license cuts across several regions, thus cementing its approval as a secure platform by top regulators in those areas. For instance, it is backed by the FSCA in South Africa, Japan, and the British Virgin Islands, ASIC, ADGM in Abu Dhabi, and Canada’s IIROC. AvaTrade ensures the data security of over 3 million trades per month by protecting the 256-bit encryption protocol installed over the website. One of its redeeming qualities is that it protects against ID thefts and credit card fraud using the services of McAfee, a popular antitheft and antivirus software.
Fees and Features
AvaTrade supports the following Fiat currencies: USD, GBP, CAD, JPY, EUR, AUD, CHF. The mobile app is named ‘AvaTradeGo’, and it enables users to enjoy an insurance scheme and a risk management system under an interface tagged AvaProtect. It ultimately stands to protect investors against the unlikely threats that could arise from cybersecurity threats. It has a geo-restricted placement on the users that can access it, and the only language available on its app is English. It does not play out well for users who are not from English speaking nations. You can make deposits on AvaTrade using debit cards, credit cards, and bank transfers.
|Fee Type||Fee Amount|
|Inactivity Fee||£50 after three months and £100 after 12 months|
- Allows scalping
- Completely regulated platform
- Demo account
- 24/7 email and phone support
- Islamic account is available to accommodate more users
- Withdrawals can take up to 10 days
- No negative balance protection
- No guaranteed stop loss
- High inactivity fee
Your Capital is at Risk.
3. Capital.com: Alternative broker for beginners
Capital.com has been deemed to be one of 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 favor users from the UK since it is based in the United Kingdom. Capital.com is a rapidly growing investment brokerage that is a lot younger than either eToro or AvaTrade. We have identified its exceptional features, which made it a must-have on this list.
Security and Privacy
It is perceived as a highly secure platform regulated by the UK’s FCA, NBRB, and top-tier ASIC. It prioritizes data security to overcome the inherent security problem that is common to most digital platforms of this size with a large number of users. According to PCI standards, it has been acknowledged as completely secure from data thefts and inappropriate use of consumer data.
Fees and Features
It offers commission-free services to users from the UK and other countries whose regulatory bodies such as CySEC (Cyprus), NBRB (Belarus), and the FCA. It is the only broker on this list that does not charge an inactivity fee. It also offers low trading fees and FDIC insurance that covers registered users from the United Kingdom. It also provides email and 24/7 Live chat support as customer support services for its users. It is a typical example of a consumer conscious investment broker. Australian users, however, cannot trade real stocks on the platform except CFDs, ETFs, and crypto.
|Fee Type||Fee Amount|
- Proper user orientation
- Access to analytical charts
- FDIC-Insured (for UK-based traders)
- Low CFD fees
- Efficient customer support
- High risk on CFD trades
- No price alerts on the web platform
76.72% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
Comparing the three brokers’ prices for buying Self-driving car stocks
Below is a summary of the fee required across each platform:
|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 Self-driving car stocks?
The automated vehicle industry will become the fastest growing aspect of the auto industry in the next few years, and there are a couple of ways in which you can buy these company stocks:
Buying Company stocks means buying percentage ownership of the company. The only credible company stocks that investors can trade on any brokerage platform are those that have been publicly listed on a recognized stock exchange such as the NYSE, NASDAQ, S&P 500, Dow Jones. A company’s stock is valued based on the relevance of the services and products offered by the company. Buying company stocks comes with an inevitable buy and hold principle as holders have to keep for years to earn any real profit on their accumulated company stocks. Investors who cannot wait for that long or let their dividends accrue over time might be unsuitable to buy Self-driving car stocks. Also, holding a company stock means that you own a bit of it.
CFDs (Contract for Difference)
As a CFD investor, you do not expressly own any company shares or have percentage ownership when buying direct stocks. All you can do is trade by making accurate predictions about the changes to the price action of your chosen self-driving stock. It is in a way similar to trading futures on forex or crypto futures. CFD traders predict whether the company’s stock price will increase or decrease over a short period. If the price increases as expected, then they will earn due profits. It is a short-term investment option, and it is risky. To fully partake in the trades, you will need to understand technical price analytics.
ETFs (Exchange-Traded Funds)
ETFs allow buying a select group of company stocks in a portfolio held by a viable broker. When you buy into the fund, you are still not the portfolio owner, but you get to enjoy the benefits when the value of the constituent company shares increases.
Best ways to Buy Self-driving car stocks
The future is bright for the automated vehicle industry, and investors need to get a good handle on the practical ways to enjoy investment in company stocks of this class. Using either of the three brokers above is an excellent way to start, but you need to be aware of the ways to invest. You don’t have to do this alone; feel free to contact a viable investment manager for professional advice before you attempt to buy any company stock.
Buy Self-driving car Stocks.
Companies peddling premium automated vehicles might be starting small as we step into the new decade. Still, experts in the financial markets have given the market between 3-5 years to begin growing at a fantastic rate. Hence, buying self-driving car stocks makes much sense since the industry is pretty much a fledgling one, and whatever company stock you choose to buy would grow enormously as the company grows. There would be much action in the short term as competition stiffens in the market and products are rolled out. Still, a stock buyer should only have his eyes on the long-term, and thus they will remain undistracted by whatever price fluctuations riddle the market. Note that the self-driving company stocks will rarely be driven by sentiments or hype but rather by performance. Hence, you have to be meticulous about the kind of self-driving car company stock you choose to buy.
Buy Self-driving car CFDs
Do not mistake buying CFDs as being the same as buying real stocks. Top brokers often offer the CFD option to users who may not purchase actual stocks due to their geographical location. However, it is more than that, as experienced buyers have shown that it is a fantastic way to earn maximum profit in the short term. With self-driving car stocks, it is hazardous to trade stocks based on price fluctuations. It is such that anything can happen anytime, and since it is pretty random, you do not have control over the market. It may end up generating high profits or entirely liquidating your total holdings.
Buy Self-driving car ETFs
ETFs offer a safer and secure way to buy self-driving car stocks indirectly. ETF funds are known to be immune to the regular volatility concerns that plague the CFD market. Also, you can benefit from any fund which consists of two or more automated vehicle company stocks. As the fund continues to grow, you get to earn profit with time. You shouldn’t invest in a fund that comprises solely of self-driving car stocks, but your broker should mix it with other viable company stocks that will increase the chances of growth of the ETF at different times.
Is buying Self-driving car stocks a Good Investment?
The automobile industry is once again the object of attraction with the rapid advancement in technology that is revolutionizing the field of vehicle mechanics and leading to the establishment of highly innovative brands. The progress of the EV industry has laid the template for self-driving technology to become a reality. Automobile companies that have begun developing automated vehicles are already growing in valuations. Examples are Tesla (NASDAQ: TSLA), General Motors (NYSE: GM), FORD (NYSE: F), Apple (NASDAQ: AAPL), Alphabet (NASDAQ: GOOGL), and many more. These companies have made a name for themselves with their incredible fleet of electric vehicles that have taken the market by storm. Tesla remains the biggest of these companies, and it is held in relatively high regard as its valuation skyrocketed due to its exploit. The other companies are not to be outdone, and this is why it is a good idea to invest in the budding automated vehicle industry. Buying any of these stocks would generate huge profits in the future as the companies continue to grow in stature.
The Risks of Buying Self-Driving car Stocks
We think that the significant risks to this industry are attached to the ability of the company to make product sales and the resultant volatility due to stiff competition. The development of faulty vehicles could also do damage to the stock value of a company. 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. CFDs of any kind are highly risky and should be done with caution.
How To Buy Self-driving car stocks with eToro
Despite the volatile nature of Self-driving car stocks in the market, it remains one of the most traded stocks on eToro, and you can begin your journey buying self-driving car stocks in a few easy steps:
Step 1: Open a Broker Account
Get the process started by visiting the eToro website and clicking on the ‘Join Now’ button. Follow the on-screen prompts by entering your personal details and choosing a username and password.
You will also need to upload a copy of your government-issued ID – as part of the KYC (Know Your Customer) process.
Step 2: ID verification:
Verify your identity using a standard photo ID (driver’s license/passport) to help confirm that the details you input are correct.
Step 3: Deposit Funds
You can now make a deposit into your newly created eToro account – ensuring that you fund it with at least $50. No deopsit fees apply if you are depositing funds in US dollars. Other currencies attract a fee of 0.5%.
If you want to buy self-driving cars stocks instantly, it’s best to use a debit/credit card or an e-wallet like Paypal.
Step 4: Search and Choose Self-driving car stocks, CFDs, or ETFs.
With the deposit confirmed, you can enter your preferred Self-driving car stocks (e.g., Tesla) in the search box. You can also view the full list of self-driving car companies supported by eToro by clicking on ‘Discover’ followed by ‘Stocks’.
Step 5: Buy Self-Driving Car Stocks
Now it’s just a case of deciding how much you want to invest. You don’t need to buy full shares at eToro, so you can invest any amount of your choosing about the $50 minimum. Once you are ready to buy your chosen self-driving car stock – click ‘Open Trade’. And that’s it – you have just invested in self-driving car stocks at 0%.
We have come to the end of our guide to buy Self-driving car stocks; we hope you have learned how to buy automated vehicle company stocks and the best brokers to use. If you still have questions about eToro, do well to check our other articles for more information. Thanks for reading!