How to Buy United Airlines Stocks – Invest in United Airlines with 0% Commissions

Fact Checked by Gary McFarlane

United Airlines is the third-largest airline globally and operates domestic and international routes across the US and all six continents. The company’s share price has steadily ascended since the lows of March 2020 yet has hit a snag in recent weeks. However, this could be the perfect time for investors to get involved at a lower price – and generate solid returns in the process.

This guide will discuss how to Buy United Airlines Stocks today, touching on who the best brokers are and how to choose between them. We’ll also highlight the various ways to invest in United Airlines and show you how to buy UAL stocks right now – with no commissions!

#1 Broker to Buy United Airlines Stocks – eToro

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How to Buy United Airlines Stocks – Quick Guide for 2021

If you’re looking for a brief overview of how to buy United Airlines stocks, then look no further! By following the four quick steps below, you’ll be able to invest in United Airlines in minutes with eToro – all without paying a cent in commissions.

  • Step 1 – Create an eToro Account: Click ‘Join Now’ on eToro’s homepage and enter a valid email address, username and password.
  • Step 2 – Verify your eToro Account: Upload proof of ID (copy of passport or driver’s license) and proof of address (copy of bank statement or utility bill) to verify your account.
  • Step 3 – Make a Deposit: Fund your account with a minimum of $50 using a credit/debit card, bank transfer, or e-wallet.
  • Step 4 – Buy United Airlines Stocks: Type ‘UAL’ in the search bar and click ‘Trade’. Enter your desired trade size and click ‘Open Trade’.

68% of retail investor accounts lose money when trading CFDs with this provider.

Where to Buy United Airlines Stocks – Top Brokers

Before we explore United Airlines stocks any further, the first thing you should do is decide which broker you’re going to partner with. There are many to choose from on the market these days, all of which have advantages and disadvantages. We’ve narrowed down the selection to the best trading platforms on the market today, ensuring you have a solid idea of who to choose.

1. eToro – Overall Best Broker to Buy United Airlines Stocks

etoro review

Taking the top spot in our list of best brokers is eToro. eToro has a fantastic reputation in the brokerage scene and has built up a user base of over 23 million registered users at the time of writing. Furthermore, eToro is one of the safest places to trade, boasting regulation from the FCA, ASIC, and CySEC whilst also being policed by FinCEN.

We’re big fans of eToro for many reasons – most notably the platform’s commission-free fee structure. Users can trade real stocks without paying any transaction fees, with a vast range of potential investments to choose from. Furthermore, as eToro offers fractional investing, you can start small and build your position up over time. If you’re looking to invest in other assets, eToro also offers a wide array of ETFs and cryptos for US-based traders to consider.

buy stocks etoro

The minimum deposit at eToro is only $50 and can be made via credit/debit card, bank transfer, and various e-wallets – including PayPal and Neteller. Deposits are free to make if made in USD and tend to arrive instantly. eToro doesn’t charge any monthly account fees, although there is a $5 withdrawal fee.

Finally, eToro users can benefit from the platform’s many social trading features, with the ‘CopyTrader’ feature being one of the best. This feature allows users to automatically copy the trades placed by other eToro users without any additional fees! The CopyTrader feature is ideal for people who don’t have time to monitor the markets every day, as it can allow them to generate a return in a passive manner!

Pros

  • Commission-free broker
  • Heavily regulated
  • Fractional stock trading
  • Innovative CopyTrader feature
  • Accepts PayPal
  • No account fees

Cons

  • Small withdrawal fee
  • Inactivity fee applies

68% of retail investor accounts lose money when trading CFDs with this provider.

2. WeBull – Best Broker to Buy United Airlines Stocks with Strict Regulation

WeBull review

If you’re a US-based trader looking for an alternative to eToro, we’d also recommend WeBull. WeBull is one of the best stock brokers in America right now and boasts over 11 million registered users at the time of writing. The company was launched in 2017 and has grown exponentially, currently regulated by the SEC and FINRA. Furthermore, WeBull is covered under the SIPC, protecting investors up to $500,000.

Much like eToro, WeBull offers free stock and ETF trading, regardless of your position size. Users can also trade on margin to boost their potential profits, and WeBull charges a rate of 7.0% per annum. Aside from this, WeBull charges no non-trading fees and offers a range of options and cryptocurrencies for users to invest in.

webull buy stocks

The account opening process with WeBull is streamlined and usually only takes one working day to finalise. Users can opt for a cash account, a margin account, or an IRA account, ensuring there’s flexibility in terms of options. Deposits are free to make, and WeBull accepts ACH and wire transfers – with the latter having an $8 fee attached.

Finally, users can trade on WeBull’s web, desktop, or mobile platform, with all three being incredibly user-friendly. You can add or remove widgets on the web platform and utilise various order types. The mobile app features a two-step login for security and allows you to set price alerts. Overall, WeBull is an excellent alternative to eToro if you’re looking to buy UAL stocks in the US.

Pros

  • Free stock and ETF trading
  • Heavily regulated
  • Great trading platforms
  • No non-trading fees
  • Covered under the SIPC

Cons

  • A limited selection of asset classes
  • Doesn’t accept credit or debit card

Or go to WeBull>

68% of all retail investor accounts lose money when trading CFDs with this provider.

3. Robinhood – Best Broker to Buy United Airlines Stocks with No Fees

robinhood review

Another great broker to consider if you’re looking to buy United Airlines shares in the US is Robinhood. Robinhood has a fantastic reputation in the states and boasts over 22.5 million users. The platform is regulated by the SEC and FINRA and has grown incredibly popular due to its zero-fee approach.

Stock and ETF trading with Robinhood is free to do, and you can also invest in international equities through ADRs. However, global stocks will come with a small custody fee, which differs depending on the share. Robinhood’s margin rates are fantastic, equating to only 2.5% per year. Furthermore, Robinhood also offers free crypto trading, with seven different coins to invest in.

robinhood buy stocks

This broker charges no non-trading fees and allows you to create an account with no minimum deposit. There are various account types to choose from, although the Robinhood Instant account is designed for casual investors. This account allows you to fund your trading account instantly without having to wait for your bank transfer to clear!

Finally, Robinhood’s trading platforms are designed with beginners in mind and feature sleek interfaces and a variety of valuable tools. Users can scroll through various trading ideas promoted by analysts and check out fundamental data sources on a range of assets. Finally, Robinhood offers a handy newsfeed feature, which provides up to date information from reputable news sites.

Pros

  • Free stock and ETF trading
  • User-friendly platforms
  • Many useful features
  • Regulated by the SEC and FINRA
  • Offers crypto trading

Cons

  • Limited asset classes
  • Doesn’t accept credit or debit card

Or go to Robinhood>

68% of all retail investor accounts lose money when trading CFDs with this provider.

United Airlines Stocks – Broker Fee Comparison

As you can see above, these three brokers offer many advantages to traders looking to buy United Airlines stocks. The table below compares the fees attached to each of these brokers, ensuring you know which is best for your needs.

Commission Deposit Fee Withdrawal Fee Inactivity Fee
eToro 0% No $5 per withdrawal $10 per month after one year of inactivity
WeBull 0% No No No
Robinhood 0% No No No

United Airlines Stocks – About the Company

So, who are United Airlines? As you’ll likely be aware, United Airlines Holdings Inc are one of the most popular airlines in the US, operating many domestic and international routes. According to Yahoo Finance, the company trades on the NASDAQ under the ticker symbol ‘UAL’ and has a market cap of $15.12bn. At present, United Airlines stock is up 6.61% for the year and is up 12.63% since this date last year.

The company has been in operation since 1926 and is currently headed by Scott Kirby, who has been the CEO since 2020. Like most other airlines, United Airlines was hit hard by the effects of the Coronavirus pandemic, with the inability to travel affecting their bottom line. The stock price fell around 80% between January 2020 and March 2020, bottoming out at $17.77.

UAL stocks

Since then, UAL has recovered remarkably well, although shares are not yet priced at pre-pandemic levels. Vaccination levels are rising, and countries are reopening for travel, which has been great news for United Airlines who rely on international travel. Recently, there has been some additional uncertainty as possible lockdowns in Europe regarding the Delta Variant have filtered over to the US. This has affected many air travel stocks, including Delta Air Lines, American Airlines, and Southwest Airlines.

However, the signs are still there that United could be on the comeback. According to Reuters, United made $7.75bn in Q3 – the highest level since the pandemic. Furthermore, the company even made a net profit of $473m in the most recent quarter, although this was mainly due to government grants for air travel companies. With United’s executives very bullish on the future and the share price currently trading at a discount, the times ahead could be great for this company and its shareholders.

What are the Different Ways to Buy United Airlines Stocks?

If you’re looking to buy stocks in United Airlines, then it’s wise to consider the various avenues you could take to gain exposure to its share price movements. Found below are three of the best ways to buy United Airlines stocks, ensuring there’s an option that suits your investment goals.

Buy United Airlines Stocks

The most common way to gain exposure to United Airlines is to simply invest in stocks in the company. By purchasing UAL stocks, you’re essentially giving yourself a piece of ownership in the company. Although you’d need to be super-rich to buy enough stocks to have a real say in how the company is run, this ownership provides you with many valuable benefits.

buy UAL stocks

Most notably, buying stocks allows you to benefit from price increases in United Airlines’ stock. If you purchased stock when it was priced at $40 and the price rose to $80, you’d have made a 100% return on your investment! Aside from capital appreciation, shareholders can also benefit from companies that pay a dividend. At present, United Airlines does not pay a dividend due to the firm being unprofitable and industry norms. However, if this were to change in future, you be eligible to receive dividend payments.

Invest in United Airlines through CFDs

Another way to invest in United Airlines is through CFDs. These instruments are offered by CFD brokers who provide them to traders looking for alternatives to actual stock investing. Put simply, CFD stands for ‘contract for difference’ and allows you to speculate on an asset’s price movements – without having to own the underlying asset.

CFD’s are ideal for users looking to employ leverage, as many brokers will offer them as a way to magnify potential winnings. However, if you are a US-based trader, it’s important to note that CFDs are banned for citizens from the US. This is because the SEC and the CFTC do not allow these derivatives as they are unregulated and offer high leverage. So, if you wish to invest in UAL in the US, then you’ll have to use another option.

Invest in United Airlines through an ETF

The third way that you can invest in United Airlines stocks is through an ETF. ETF stands for ‘exchange-traded fund’ and is a collection of assets that looks to track the performance of a specific sector or industry. These ETFs have tradeable shares (much like equities) and are listed on the stock market.

If you’re looking for the best ETF to invest in that will provide exposure to UAL’s price movements, then the US Global Jets ETF is a great option. This ETF contains many companies with hubs in the US that are involved in domestic and international air travel. By investing in this ETF, you’d have exposure to price movements in real-time without having to spend ages constructing your own portfolio of airline stocks!

Are United Airlines Stocks a Good Investment Right Now?

So, putting everything together, is it a good idea to buy United Airlines stocks right now? To answer this question, let’s take a look at three critical areas to consider regarding this:

Technical Analysis

Firstly, it’s always wise to look at the price chart. Much like forex trading, conducting technical analysis can make a massive difference in determining what a good investment opportunity is and what isn’t. At present, the UAL share price is currently in a strong uptrend, with clear higher-highs and lower-lows on the daily and weekly timeframes.

The ultimate price target for UAL would be around $90, which is where it was at pre-pandemic. Right now, the company’s share price is trading just below the 200-day EMA, which is a measure of the long-term trend. This moving average takes a while to catch up, although this would be a hugely bullish signal if UAL’s price were to rise above it. Finally, the price does seem to be pulling back to the $43 level, which is an area of support. If we see a rejection here, it could provide the impetus needed for an upwards push.

Company Financials

Another essential thing to consider is United Airlines’ financials. By looking at the company’s income statement, balance sheet, and cash flow statement, we can understand how strong their financial situation is. In terms of earnings, United Airlines is currently sitting at an EPS figure of $1.46. This is impressive, as it beat analyst estimates comfortably.

united airlines financials

The company’s P/E ratio is currently 9.58, which is hard to compare to similar companies as United Airlines’ peers seem to still be unprofitable. Therefore, the price-to-sales (P/S) ratio is a better fit, with UAL’s sitting at 0.73 over the past twelve months. Finally, as demand rises for leisure and business travel, United Airlines’ execs have stated that they expect adjusted EPS to hit $20 by 2026 – which is a very optimistic claim!

COVID-19 Effects

Finally, and understandably, the lingering effects of the COVID-19 pandemic should also be considered. International travel has been devastated over the past 18 months due to various COVID-19 lockdowns, although recent signs have been positive. The US has reopened to international travellers, and vaccination levels are steadily rising, which has given hope that airlines may return to pre-pandemic levels next year.

However, there is always the threat of further lockdowns. The situation in Austria and Germany has worsened recently, and rising COVID-19 cases have caused a ripple effect in the airline industry. Along with similar companies such as Boeing and JetBlue, United Airlines are particularly sensitive to any news announcements surrounding lockdowns. So, if you were to invest in United Airlines, it’s wise to be aware of this factor.

The Risks of Buying United Airlines Stocks

Even if you invest in the best shares to buy now, there’s always a chance that the share price could drop, and you could lose money. This is undoubtedly the case with United Airlines due to the reasons we noted in the section above. Potential lockdowns and rising costs can affect the company’s share price, boosting volatility and potentially causing drawdown.

Furthermore, now that the last government grant has been paid, United Airlines are essentially ‘on their own’ now. This means that losses won’t be subsidised, making the fourth quarter report very important to shareholders. The expectation is for UAL to be profitable; however, if there are any more travel restrictions put in place, this could seriously hamper their chances.

How to Buy United Airlines Stocks with eToro – Complete Guide

Before rounding off this guide on how to buy United Airlines stocks, let’s take a look at the investment process. If you wish to buy UAL stocks, we’d recommend using eToro, as the broker is commission-free and offers fractional investing. With that in mind, the five quick steps below will show you how to invest in United Airlines today – all in the space of a few minutes!

Step 1 – Create an eToro Account

Navigate to eToro’s homepage and click ‘Join Now’. Enter a valid email address and choose a username and a password to create your account.

etoro sign up

68% of retail investor accounts lose money when trading CFDs with this provider.

Step 2 – Verify your Account

New eToro users must verify their identity before trading to comply with anti-money laundering regulations. To do this, head over to your account dashboard and click the ‘Complete Profile’ button. Enter the details required for the KYC checks and upload proof of ID (copy of passport or driver’s license) and proof of address (copy of bank statement or utility bill).

Step 3 – Make a Deposit

eToro must make a minimum deposit of $50, with deposits free to make if made in USD. In terms of deposit options, eToro currently accepts the following for US clients:

  • Credit card
  • Debit card
  • Bank transfer
  • PayPal
  • Skrill
  • Neteller

Step 4 – Search for United Airlines Stocks

Click into the search bar on the eToro trading platform and type in ‘UAL’. When the company appears in the drop-down menu, click ‘Trade’.

buy UAL etoro

Step 5 – Buy United Airlines Stocks

In the order box that appears, simply enter your desired position size (minimum of $50), opt for a stop loss or take profit level if you wish, and click ‘Open Trade’.

buy UAL stocks eToro

And that’s it! You’ve officially invested United Airlines with eToro – all without paying a cent in commissions!

Buy United Airlines Stocks – Conclusion

In summary, this guide has shown you how to buy United Airlines stocks today, highlighting the best brokers and their features. As you can see, United Airlines is in a crucial position right now, as growing lockdown concerns in Europe could rock the recent upwards momentum. If these concerns die down, we’ll likely see UAL head higher over the coming year – which is excellent news for shareholders.

If you’d like to buy United Airlines stocks today, we’d recommend using eToro. This is because eToro offers fractional investing and 0% commissions when you buy shares. What’s more, as eToro is policed by FinCEN, US-based traders are offered exceptional safety levels when using the platform.

Best Broker to Buy United Airlines 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

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About Connor Brooke PRO INVESTOR

Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market.