How to Buy Wallstreetbets Stocks – Top 3 Wallstreetbets Stocks to Buy Now 2021

Fact Checked by Gary McFarlane

For years, retail investors struggled to find a platform to talk and collaborate with like-minded individuals. However, as investing in stocks became more mainstream and internet chat rooms more common, a subreddit emerged called ‘Wallstreetbets”. This subreddit has been created for retail investors to share their thoughts, tips, and trades, helping everyone to flourish together. Since its release in 2012, r/Wallstreetbets has managed to amass an impressive 11+ million users. This increased popularity meant Wallstreetbets users were able to band together and greatly impact the prices of certain stocks, something that was only previously possible by institutions with billions of dollars at their disposal. As such, buying Wallstreetbets stocks can be an excellent way of selecting stocks that are likely to continue rising in the near future as money trickles in. 

To help our readers better take advantage of the potential offered by Wallstreetbets stocks, we’ll be providing you with the rundown on the best Wallstreetbets brokers, the best Wallstreetbets stocks, and exactly how to buy Wallstreetbets stocks! Once you’ve read this article you’ll be equipped with all the knowledge you need in order to have a successful start in your trading journey, enjoy! 

#1 Broker to Buy Wallstreetbets Stocks – eToro

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  • Buy over 800 stocks with 0% commission
  • Social trading network
  • Copy over 12 million traders and investors
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How to Buy Wallstreetbets Stocks With eToro – Step by Step Guide 2021

If you’re looking for a quick and easy guide on how to buy Wallstreetbets stocks, then you’re in the right place! We understand that not everyone has the time to read through a whole article, so we’ve included this handy guide to help our readers get started on the right foot. 

  • Step 1: Open an eToro account: The first thing you’ll need to do is create an eToro account. To do this just type “eToro.com” into your browser, press “Join Now”, and fill in the required fields. 
  • Step 2: Verify your identity: eToro is a regulated broker, which means that you’ll need to verify your identity before buying Wallstreetbets stocks. The documents you’ll need at hand are a photo ID (passport, driving license) and proof of address (bank statement, utility bill). 
  • Step 3: Fund your account: Once your account has been verified, you’ll need to fund it. To do this click on the button marked “Deposit Funds”, enter the amount you plan on investing, and press “Deposit”. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill). 
  • Step 4: Buy Wallstreetbets Stocks: Now it’s time to buy your first stock! All you’ve got to do is type the name of the asset you’d like to buy into the eToro search bar, press “Trade”, enter the number of shares you’d like to buy, and press “Open Trade”. You can view and manage your position from the “Portfolio” section of your account. 

Where to Buy Wallstreetbets Stocks – Top 3 Wallstreetbets Brokers

One of the most important aspects of buying stocks is selecting the right broker. If you overlook this step it’s easy to get locked into a subpar brokerage. To prevent this from happening, we’re giving you the rundown on some of the best brokers you can use to buy Wallstreetbets stocks. 

1. eToro – All in All Best Wallstreetbets Stock Broker USA

With over 20 million active users, eToro is one of the largest brokers in the world. They were founded in 2007 and in the 14+ years they’ve been active have managed to create a platform that offers a top-tier trading experience. Regardless of your experience level, eToro has features that’ll be applicable to you, meaning it’s a great place to learn how to buy Wallstreetbets stocks for beginners. 

Security & Privacy

Security is by far one of the most important aspects of any brokerage, if a platform has poor security you’re rolling a dice every day as to whether your funds will still be in your account. There’s no reason to subject yourself to that stress, so you may as well take the time to select a secure broker in the first place. eToro is regulated by the SEC, meaning it would be incredibly difficult for them to engage in illicit activities behind the scenes. Outside of regulations, eToro uses SSL encryption to keep client data safe from attackers attempting to intercept it. And as a last line of defense in the event of an account getting compromised, eToro gives every user the option of enabling 2FA. 

Features

eToro is one of the best platforms to buy Wallstreetbets stocks out there right now. They provide beginners with a comprehensive guide on how to trade in the form of their eToro Academy platform. This educational platform covers just about everything you might need to know before buying Wallstreetbets stock, the only thing it’s missing is advanced trading strategies chart patterns. Another feature perfect for beginners is CopyTrading, a system that allows eToro users to mirror a premade portfolio. For beginners looking to diversify their holdings, this system is perfect as it allows you to open a tonne of positions with the push of only one button. Trading fees can quickly eat into your profits, so, I’m sure everyone will be glad to hear that eToro offers commission-free trading, meaning you can get more bang for your buck than you would with other platforms. For the vast majority of users, eToro should be the perfect platform to buy Wallstreetbets stocks, thanks to its powerful feature set, security, and simplicity. 

eToro Fees

Fee Type Fee Amount
Commission Fee 0%
Deposit Fee $0
Withdrawal Fee $5
Inactivity Fee $10 (Monthly)

 

Pros

  • Commission-free
  • CopyPortfolio
  • Range of markets
  • SSL encryption
  • Regulated
  • 2FA

Cons

  • Missing support for MetaTrader

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

2. Webull – Budding Wallstreetbets Stock Broker USA

Founded in just 2017, Webull is by far the youngest platform on our list, however, don’t let its age fool you, Webull can certainly run with the big dogs. In the short time since it was founded, Webull has managed to accumulate an impressive 11 million users, making it one of the biggest brokerages in the US. 

Security & Privacy

On Webull, security is clearly a priority. Much like eToro, they’re regulated by the SEC, meaning you can rest assured that Webull won’t pack up shop and run away with your funds. To protect client data, they use AES-256 encryption which prevents client data from being usable if it were to be intercepted. With such a young company, you may be wondering what happens to your funds if they go bankrupt. Well, Webull is covered by SIPC insurance on securities balances up to $500k and cash balances of $250k meaning you’ve got nothing to fret about. A unique feature of Webull is its Plaid integration which allows clients to securely log onto their bank, a big plus for anyone making frequent deposits. 

Features

Webull has done well to create an excellent trading experience for its users. They’ve achieved this by allowing users to trade in every major market, offering multiple account types, and giving users access to every trading tool you might find yourself needing. Another way Webull has streamlined the trading process is by allowing users to trade outside of regular market hours, a big plus for investors on an unusual schedule. Webull’s market hours are from 4am to 8pm. If you’re new to trading and want to buy Wallstreetbets stocks to get your portfolio going, you might be interested to know, Webull gives its users the ability to earn stocks ($4 – $1600 value) for completing basic account actions like depositing funds. While these free stocks won’t make you rich, they can be a nice addition to your portfolio if you get lucky. The only thing letting Webull down is a lack of real-time support, which although it isn’t the end of the world, does make getting a prompt answer to a query rather difficult. All in all, Webull is growing at an extremely fast rate and it’s easy to see why.

Webull Fees

Fee Type Fee Amount 
Commision Fee 0%
Transaction Fee (Sells Only) 0.00051% (Min US$0.01)
Deposit Fee $0
Withdrawal Fee $0

Pros

  • Practice account
  • AES-256 encryption 
  • Premarket/aftermarket stocks
  • SIPC insurance 
  • Free stocks
  • Plaid 

Cons

  • Lack of real-time support 

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

3. Fidelity– Classic Wallstreetbets Stock Trading Platform USA

Fidelity is huge. In the US they boast an impressive 37 million users with a further 2 million on their international platform. However, these numbers are not all that surprising when you consider the fact they’ve been operating since 1965. With a 50+ year track record, you can buy Wallstreetbets stocks without worrying that the platform will disappear overnight. 

Security & Privacy

While it should be noted that Fidelity isn’t particularly forthcoming about the specifics of their security measures, here are a few things we’ve managed to piece together. Fidelity is regulated by the SEC, ensuring they adhere to strict rules regarding the protection of clients and their funds. In stark contrast to Webull, Fidelity has a 24/7 phone line, meaning customers can get a quick answer to any questions they may have. On top of this, Fidelity uses a voice biometrics system to verify its users’ identities. All you need to take advantage of this biometrics system is a microphone-enabled device, making it far more accessible than some alternatives. 

Features

If you’re looking for a fully-featured brokerage to buy the best Wallstreetbets stocks, then Fidelity could be perfect for your needs. They support just about every market you could want to trade in (forex, indices, crypto). To help you pick out the best Wallstreetbets stocks, Fidelity provides its users with expert market research conducted by leading analysts. This research is incredibly detailed and a heaven of information. If you’re a technical trader then you’ll be right at home on Fidelity’s desktop app, which has been tailor-made for technical traders. Overall, Fidelity is one of the best platforms to buy Wallstreetbets stocks, however, if you’re a beginner you might be better served by a more simple platform like eToro. 

Fidelity Fees

Fee Type Fee Amount 
Commision Fee 0%
Deposit Fee $0
Withdrawal Fee $0
Inactivity Fee $0

 

Pros

  • Regulated
  • Voice biometrics
  • 24/7 phone line
  • Range of markets
  • Market research
  • Fidelity desktop

Cons

  • Could be overly complex for beginners

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

Buy Wallstreetbets Stocks – Broker Price Comparison

To help give our readers a better understanding of how each broker stacks up against one another, we’ve included this easy-to-reference table for your convenience. 

Broker Commission Deposit Fee Withdrawal Fee Inactivity Fee
eToro 0% $0 $0 $10 monthly (after 12 months inactivity)
Fidelity 0% $0 $0 $0
Webull Commission 0% / 0.00051% (Min US$0.01) Transaction fee $0 $0 $0

Top 3 Best Wallstreetbets Stocks USA

We’ve covered the best brokers you can use to buy Wallstreetbets stocks, so now it seems fitting we discuss some of the best Wallstreetbets stocks you can buy right now! 

Tesla (TSLA)

Tesla is the largest electric vehicle manufacturer and one of the largest companies in the world. It’s consistently making headlines, either due to innovations or Elon Musk’s bold statements on Twitter. Over the past few years Tesla has been providing investors with great returns, so it’s no wonder that it’s still one of the most talked-about stocks on Wallstreetbets.

Advantages

Tesla stock has already soared by more than 3000% over the past five years. As such, it’s not surprising that investors are flocking to buy this Wallstreetbets stock. Here are a few pros to buying shares of Tesla. 

Innovation: Few companies are innovating as much as Tesla. When they began production of their electric vehicles, they weren’t particularly consumer-friendly. However, that’s changed drastically as costs have come down, range increased, and more charging stations created. The team at Tesla are experts in implementing exactly what consumers need. Outside of their EVs, Tesla has branched out into AI, machine learning, and green energy, all markets with huge potential in the coming years. 

Electric Vehicles: It’s no secret that electric vehicles are the future of transportation. Fossil fuels are a finite resource and bad for the environment, meaning there’s not much sense in using them if they’re alternatives available. The EV market is still in its early stages, so it makes sense that a company at the forefront of the industry like Tesla has a lot of room left for growth. As such, it would be an excellent time to buy this Wallstreetbets stock before it soars to even greater heights.  

Disadvantages

No matter how large a company is, there’s always the chance of failure. As such, you should always consider the negatives before committing your funds to an investment. 

Volatility: If you’ve spent much time watching the performance of Tesla stock, you’d know it tends to jump around a fair bit. While some volatility is always par for the course, a large reason for Tesla’s increased volatility is Elon Musk. Although he is, of course, a visionary and clearly a smart guy, oftentimes his tweets will cause big issues for investors. Take for example when he recently hosted a pool on his Twitter on whether he should sell Tesla shares. It caused Tesla stock to plummet by 15%. However, on the other hand, some speculate that he only hosted the poll to reduce the effects of a planned selloff. 

Increased Competition: In the early days, Tesla was unchallenged in the electric vehicle space. This has however changed a great deal in recent years. Just about every vehicle manufacturer is putting their hat in the EV ring, taking market share away from Tesla. While a bit of competition is always healthy, it does mean Tesla will have to continue innovating if they want to stay on top. 

GameStop (GME)

Founded back in 1984, GameStop was a household name for many years. Unfortunately, however, as the internet rose to popularity, there became less and less of a need for a physical store to buy games. As such, GameStop’s stock price was plummeting before being picked up by Wallstreetbets. 

Advantages

Even the most absurd stocks have their advantages. While GME on its own was failing, Wallstreetbets users have managed to keep prices high for quite a while now. Here’s a reason why GME might still be a worthwhile investment. 

Wallstreetbets: We couldn’t create a list of the best Wallstreetbets stocks without including GameStop. In recent years GameStop’s main claim to fame was the pump caused by Redditors in early 2021. Even now, GME is a favorite of Wallstreetbets users making it worth keeping up with just in case they attempt a similar scheme.  

Disadvantages

You should approach stocks like this with extreme caution. While some users have made millions from GME, here’s a reason why it might be best to avoid this Wallstreetbets stock. 

Speculation: Despite pumping hard over the past couple of years, GameStop is almost purely speculative. The underlying business is failing and the only reason why its share price is so high is due to Wallstreetbets users pumping it. Famously in January 2021, Wallstreetbets users short-squeezed GME forcing it to rise over 30x from $17 to over $500, losing hedge funds billions in the process.  

Virgin Galactic (SPCE)

Virgin Galactic, helmed by billionaire Richard Branson is a spaceflight company with the goal of commercializing space travel and providing affordable suborbital flights. It’s been a favorite of Wallstreetbets for a while, with many investors betting on its long-term potential. To help you decide if Virgin Galactic is the best Wallstreetbets stock, we’ve broken down a few pros and cons to the spaceflight company. 

Advantages

Virgin Galactic is certainly an interesting company, especially with Richard Branson at the help. But how does it stack up as an investment? Here are a few reasons why you should Virgin Galactic Stock. 

Space Travel: I’m sure almost every child has looked up into the sky and wished to be an astronaut at one point or another. Virgin Galactic is set to make this dream a reality, as long as you’ve got the cash for a ticket. Once flights become more consumer-friendly we’ll likely see the stock price of Virgin Galactic soar to the stars as people buy tickets to fulfill a long thought impossible childhood dream. 

Partnerships: In mid-2020 Virgin Galactic announced a partnership with Rolls Royce. While this may seem irrelevant at first, Rolls Royce produces some of the best aircraft engines in the world. Rolls and Virgin plan on developing a commercial aircraft that can travel at three times the speed of sound. And who better to achieve this goal than a space travel company and the business behind the Concorde engine.

Disadvantages

While nobody can deny how exciting Virgin Galactic is, does it actually make a good investment? Here’s a big reason why Virgin Galactic might not be the best place to put your money. 

Revenue: Every business is created to make a profit and Virgin Galactic is no different. The issue is Virgin Galactic’s lack of revenue. The only way for Virgin Galactic to generate revenue is by selling tickets to its flights, however, they’re continuously getting delayed meaning they’re not earning much. Combine with the extremely high costs associated with space travel and it becomes clear how shaky Virgin Galactic’s financials are. 

How to Buy Wallstreetbets Stocks with eToro

Getting started on a new trading platform can be an annoying task. Oftentimes, brokers will hide important information in places the average user wouldn’t think to look. So, to ensure none of our readers get stuck buying Wallstreetbets stocks, we’ve broken down the entire process of how to buy Wallstreetbets stocks for beginners. 

Step 1: Open an account with eToro

Before you buy your first Wallstreetbets stock, you’ll need to register for an account with a reputable broker. We recommend eToro as they offer an excellent blend of security, features, and ease-of-use. To sign-up, simply type “eToro.com” into your browser, press “Join Now”, and fill in the form. 

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

Step 2: Verify your account

Once you’ve created your eToro account, you’ll need to verify it. This is because eToro is a regulated broker, but don’t worry, the whole process only takes a couple of minutes. You’ll need to make sure you’ve got a photo ID (passport, driving license) and proof of address (bank statement, utility bill) at hand. 

Step 3: Fund your account

Once your account has been verified, you’re ready to fund it. This is the final step before we move on to buying stock. Just click on the button marked “Deposit Funds”, enter the amount you plan on investing, and press “Deposit”. eToro supports deposits using either a credit/debit card, bank transfer, or e-wallet (PayPal, Skrill).

Step 4: Buy Wallstreetbets Stocks!

Once the funds have arrived in your eToro account, you’re ready to buy your first Wallstreetbets stock! To do this, just type the name of the asset you’d like to purchase into the eToro search bar, press “Trade”, enter the number of shares you want to buy, and press “Open Trade”. 

Conclusion

Wallstreetbets is a community created on Reddit. It’s full of like-minded traders offering each other tips and advice on how to best capitalize on the stock market. Once it began to grow in popularity the Redditors organized a short-squeeze on GME pumping the stock more than 3000% causing hedge funds to lose billions and the subreddit to explode in popularity. Even today, users of the subreddit regale each other with tales of huge wins and losses while providing each other with inside information. As such, it can be an excellent platform to learn which stocks are primed to go parabolic. After reading this guide, you’ll know some of Wallstreetbets favorite stocks. However, to capitalize on this knowledge, you’ll need to be trading with a top-quality, regulated broker like eToro. 

#1 Broker to Buy Wallstreetbets 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 Jay Leonard PRO INVESTOR

Jay is a UK based cryptocurrency expert, specialising in fundamental analysis and medium to long term investments. He has a great deal of hands on experience in the space and a current focus on institutional adoption.