Cheap stocks allow you to invest in equities without breaking the bank. We define a stock as cheap when it trades for less than $20 per share.

In this guide, we explore the 10 best cheap stocks to buy now for maximum upside potential, alongside a quick overview of how to invest in your chosen equities at 0% commission.

Best Cheap Stocks to Buy Right Now in 2022

Political unrest in Europe, growing crude oil prices, and inflation fears has resulted in enhanced volatility in the US stock market.

Having said that, this can sometimes result in undervalued companies or opportunities to buy stocks on the cheap.

As such, below we’ve listed the 10 best cheap stocks to buy today:

  1. Lucky Block – Overall Best Cheap Stock to Buy Now
  2. Ford Cheap Automobile Stock with Exceptional Growth Potential
  3. Vodaphone Dividend-Paying Telecom Giant With Attractive Entry Price
  4. Amcor – Invest in High Growth Global Packaging and Containers Sector
  5. American Airlines – Buy Shares in Cheap Aviation Stock
  6. SoFi Technologies – Invest in a Fintech Disrupter at a Cheap Price
  7. Viatris – Global Pharmaceutical Spin-Off With Lots of Growth Potential
  8. Hewlett Packard Enterprise – Multinational IT and Cloud Platform Under $20
  9. Under Armour – Athletic Apparel Stock Set to Regain Momentum
  10. Carnival – Largest US Cruise Liner Stock Bouncing Back From Covid-19 Struggles

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

You will be wise to research in full before investing funds in cheap stocks. Next, we help clear the mist by taking a closer look at the 10 companies listed above.

A Closer Look at the Best Cheapest Stocks to Buy Today

Some market commentators expect the aforementioned global macroeconomic and geopolitical risks to continue to impact many sectors in the coming months.

Many outside influences can lead to stocks being undervalued or not living up to their full potential. As such, some of the cheapest stocks to buy right now might end up being the most promising additions to your portfolio.

See our pick of the cheapest stocks below to see which might suit your financial goals.

1. Lucky Block – Overall Best Cheap Stock to Buy Now

lucky block logoOur number one pick when it comes to cheap stocks is Lucky Block. Lucky Block’s price is hovering around the $0.001830 level, making it the cheapest asset on our list. However, it’s important to note that Lucky Block is not actually a stock – it’s a cryptocurrency used for various crypto-gaming use cases.

The Lucky Block platform is hosted on the Binance Smart Chain (BSC) and aims to revolutionize the outdated lotto industry. Users can buy lotto tickets using LBLOCK, Lucky Block’s native token, and take part in daily prize draws. Since these draws take place on the blockchain, all aspects of the process are fully transparent, significantly increasing safety and fairness.

LBLOCK chart

Lucky Block’s whitepaper highlights that LBLOCK holders will also receive a passive income stream through regular dividend payments. These payments correlate with the number of people using Lucky Block’s platform – so the greater the user base, the higher the rewards. The yield on offer through these dividend payments is estimated at over 19% per year, far higher than equity yields.

Lucky Block is also attractive from a capital gains perspective, as the token has already produced quadruple-digit returns earlier this year. Although LBLOCK is significantly down from February’s all-time highs, the development team recently launched LBLOCK V2, an ERC-20 token. This means it’s compatible with many centralized exchanges, offering scope for listing in the future.

Now could be the ideal time to buy Lucky Block, as the platform’s lotto draws are scheduled to begin in the next couple of weeks. Lucky Block’s web-based and iOS apps are in the final stages of their development, which will act as the central hub for all gaming activities. Once these are released, it’ll make Lucky Block’s services much more accessible – leading to greater investment in LBLOCK.

Cryptoassets are a highly volatile unregulated investment product.

2. Ford – Cheap Automobile Stock with Exceptional Growth Potential

Ford is a US-based legacy carmaker that’s been around since 1903. Ford is one of the best cheap long-term stocks to buy as the company is fully embracing the future of electric vehicles. The ability of conventional automakers like Ford to adapt and compete with Tesla could decide the EV industry’s new leader.

Ford has taken the electric vehicle transition very seriously. Some of the firm’s EV models include the Ford Mustang Mach-E, F-150 Lightning, and the E-Transit-350 Cargo. In a consumer report released in February 2022, Ford’s Mustang Mach-E beat Tesla’s popular Model 3 for the spot of the best electric vehicle.

As such, although Ford is still in the early phases of its EV transition, it appears to be moving in the right direction. In 2021, it delivered 27,140 Mustang Mach-E cars. Various versions of the Ford E-transit van are also available. In March 2022, the company launched the Pro AC Charging Station to power it. In April 2022, the F-150 Lightning will be launched.

Ford price chart

Moreover, Ford will boost its investment in electric vehicles to $50 billion by 2026, up from $30 billion by 2025. Ford confirmed that it will handle its EV business apart from its combustion engine division. The company expects to create more than 2 million electric vehicles through its new dedicated division, Ford Model e, by 2026.

This will make up a third of its annual worldwide output, with electric vehicles expected to account for 50% of total volume by 2030. Investors will be watching how well Ford’s electric vehicles sell in the coming quarters and years, but the company’s aggressive drive to compete with Tesla is encouraging.

Ford received 72,000 car orders in February 2022 alone, up from 54,000 the previous month. While trucks and SUVs account for the majority of those sales, Ford EV sales rose by over 55% in the same month. The P/E ratio is over 8 times as of writing. Finally, Ford is one of the top cheap dividend stocks on this list. At the time of writing the running yield is at almost 2.5%.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

3. Vodafone – Dividend-Paying Telecom Giant With Attractive Entry Price

Vodafone is a telecom company with more than 300 million mobile customers and it is the largest 5G network in Europe. The company was founded in the UK in 1984 and now operates on a global scale. The firm also owns the money transfer cell phone app, M-PESA.

This is the largest money service platform of its kind in Kenya. Moreover, Vodafone has expanded its operations in South Africa, Tanzania, Ghana, Mozambique, Egypt, Lesotho, and more. The performance of Vodafone stock has been dismal for investors, especially when you consider that over five years of trading, its shares have fallen by over 34%.

Investors were no doubt turned off by the company’s dwindling sales and high levels of debt. Not only that, but the firm suffered from a reduction in revenue as the COVID-19 took hold. That said, during the last few months of 2021, Vodafone announced better-than-expected revenue results.

Vodaphone price chart

Globally, Vodafone reported an increase in revenue of over 4% to €11.7 billion (around $12.7 billion) during this period. The company cited strong growth in Africa, where it has almost 190 million users spanning eight countries. The company will also make money from roaming fees following the UK’s exit from the EU.

Vodafone’s profit forecast for the year 2022 has been revised, from €15 billion to €15.2 billion (around $16.3 billion to $16.5 billion). It has also raised its objective for free cash flow by €100 million (approximately $108.6 million).

Vodafone is another one of the best cheap stocks that pay dividends. The running dividend yield is 6% at the time of writing. Market analysts foresee this cheap stock having a dramatic turnaround in 2022. That is provided it can reduce its financial burden and improve its operational performance. As such, you might look to grab cheap stocks like this before they rise in value.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

4. Amcor – Invest in High Growth Global Packaging and Containers Sector

Amcor is a packaging firm that operates all over the world. The company creates closures, rigid containers, flexible packaging, customized cartons, and other services. Amcor’s products are used for home and personal care, beverages, food, medical devices, and pharmaceutical items.

This well-established packaging company is based in Zurich, Switzerland. Amcor has developed dramatically in recent years. This is especially the case since completing the purchase of the Bemis Company in June 2019. The acquisition increased the company’s global reach.

As such, it has opened up and created new consumers for its goods. This results in better economies of scale and increased efficiency and profits. Amcor now has operations in North and Latin America, Asia, Africa, and Europe. The company anticipates overall cost savings to be at least 10% higher than its initial objective of $180 million in fiscal 2022.

Amcor price chart

The global packaging market is expected to be worth around $400 billion by the year 2027. As such, Amcor is one of the best cheap stocks to watch. The COVID-19 pandemic’s impact on Amcor’s sales has been positive. The company has shown growth across a wide range of industries, including high-value end markets like cheese, protein, pet food, and coffee.

Moreover, consumer demand for rigid packaging is increasing. The company has noted a rise in its hot-fill container and beverage volumes. Growth is also aided by brand expansions. This includes the launch of new health and wellness goods in PET containers.

As noted, Amcor was able to benefit from the global pandemic. The stock has increased by 9% since the aforementioned acquisition in 2019. The all-time high of the stock was in August 2021 when shares reached over $12.90. The P/E ratio as of writing is at approximately 19 times and its running dividend yield is at just over 4%.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

5. American Airlines – Buy Shares in Cheap Aviation Stock 

American Airlines was founded in 1930 and is one of the biggest air carriers globally. During the COVID-19 pandemic, American Airlines, like most aviation companies, had a hard time in the stock market. After all, air travel demand was all but wiped out by the pandemic.

With that said, the industry is on the road to recovery, largely because of the broad availability of vaccinations. American Airlines is still a work in progress. This is understandable since it is currently dealing with the financial consequences of COVID-19 restrictions and the damage this caused to the aviation industry as a whole.

At the time of writing, the P/E ratio of American Airlines is at -6.2 times. Nonetheless, American Airlines is one of the best cheap stocks to buy today and remains a potentially great long-term investment. As we touched on, the good news for American Airlines is that leisure travel is right on track to recover to pre-pandemic levels.

American Airlines price chart

The company also reported lower capital expenditure requirements in 2021, which should help with debt reduction in the coming years. In early 2022, American Airlines got the go-ahead from regulators to partner up with a previous competitor, JetBlue.

The former rivals began proceedings with 33 new routes and almost 80 codeshares. In other news surrounding airline stocks, in early 2022 a Florida federal judge found that the Biden administration’s masking regulations on public transportation were illegal.

As a result, aviation stocks increased as major airlines cancelled their mask obligations. In terms of its competitors in the industry, American Airlines has outperformed competitor Spirit Airlines over the last year of trading. American Airlines fell by over 3.8% in 12 months of trading, and Spirit Airlines saw its shares decline in value by a whopping 26%.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

6. SoFi Technologies – Invest in a Fintech Disrupter at a Cheap Price

SoFi Technologies is a fintech disruptor that was founded in 2011 with the goal of assisting Americans with achieving financial independence. Essentially, this company offers a next-generation platform with financial, banking, and investment services. In just over a year, the platform has nearly quadrupled its membership and continues to perform well.

This is one of the best cheap stocks to buy right now as investors in SoFi have a lot to look forward to in the coming years. For instance, the long-awaited bank charter SoFi has been pursuing has now been approved. This will mean that SoFi can eliminate third parties, which will enable the company to hold deposits that can be used to fund loans.

This should greatly increase SoFi’s operating margins – essentially, becoming a bank in its own right. To aid this process, SoFi paid $1.2 billion in 2020 to acquire Galileo Financial Technologies. This is a digital payment technology firm that allows SoFi to provide its own checking and savings accounts.

SoFi price chart

SoFi is also one of the cheapest stocks on the NASDAQ. Shares were first listed in June 2021, following a merger with Social Capital Holdings. On its first day of trading, shares were up by over 12% at around $22. The all-time high of SoFi stock is $23 – which was hit in the same month.

During the last three months of 2021, SoFi attracted an impressive 523,000 new subscribers to its financial app. All in all, some market commentators see SoFi Technologies as one of the best cheap stocks on the rise. At the time of writing, you can buy shares in this company at a discount of nearly 70% compared to its all-time high.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

7. Viatris – Global Pharmaceutical Spin-Off With Lots of Potential

Viatris is a pharmaceutical company that was created when Pfizer’s off-patent medicine division, Upjohn, and Mylan merged. Integrating these companies resulted in a high quality yet affordable back catalog of medicines for Viatris. In November 2020, Viatris began trading on the NASDAQ.

Viatris has an excellent portfolio of products, which includes numerous well-known brands including Viagra, Lyrica, Lipitor, and Xanax. These medications are also protected by patents, so Viatris has the advantage of owning products with some brand recognition. This should bode well for future sales volumes.

In addition to its authorized portfolio of more than 1,400 pharmaceuticals spanning numerous therapeutic categories, Viatris is focused on developing innovative treatments. In terms of its stock price action, its all-time high stands at over $18 – which was achieved in December 2020.

Viatris price chart

After a rocky year in 2021, Viatris stock had risen and was trading at around $14 per share by the end of February 2022. Within a month, Viatris stock had dropped to new lows of $10. This crash came after the company released its latest quarterly results in March 2022.

In the same month, the firm also revealed that it will sell its biosimilars business, one of its most innovative and exciting divisions, for $3.3 billion. Some investors weren’t happy with the news. Whilst others seemed to agree that the true worth of the company lies in the aforementioned portfolio of well-known brands.

Either way, Viatris expects $17 billion in sales in the fiscal year 2022. The potential to generate these earnings should reward investors before a diminishing business becomes a concern. As such, this has the potential to be one of the best cheap stocks to buy today.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

8. Hewlett Packard Enterprise – Multinational IT and Cloud Platform Under $20

In 2015, the original Hewlett Packard Enterprise split into two companies. This resulted in HP and Hewlett Packard Enterprise, which become its own publically traded company. This firm is best known for computers, smartwatches, printers, laptops, and accessories.

Hewlett Packard Enterprise still sells networking equipment and servers but is also heavily focused on the cloud IT infrastructure market. For instance, the company’s Greenlake project is an edge-to-cloud platform that offers flexibility and operational time savings of a reported 98%. This is largely used by remote and satellite offices, as well as data centers.

In the most recent quarter, Hewlett Packard Enterprise gained more than 100 new GreenLake customers, totaling over $500 million in contract value. Despite supply challenges, the company’s annualized recurring revenue grew 23% to $798 million during the same quarter.

Hewlett Packard price chart

The company’s goal is to save at least $800 million per year by the end of fiscal 2022. Moreover, Hewlett Packard Enterprise has been on the lookout for acquisitions to help it focus on high-margin hybrid IT models that combine on-premises and cloud computing capabilities.

Hewlett Packard Enterprise bought four companies in 2021, Zerto, Ampool, CloudPhysics, and Determined AI. These acquisitions have boosted the firm’s product portfolios and capabilities in the fast-growing cloud arena. Given Hewlett Packard’s durability in the face of continued macroeconomic and geopolitical risks, it is one of the best cheap long-term stocks now.

Year to date, Hewlett Packard Enterprise shares have outperformed the S&P 500. This stock increased by almost 2.4%, whereas the S&P 500 fell by 7%. Moreover, Hewlett Packard Enterprise was expected to earn $0.46 per share on sales of $7 billion in its fiscal first quarter of 2022. However, this was 15% higher than market analysts expected.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

9. Under Armour – Athletic Apparel Stock Set to Regain Momentum

Under Armour was founded in 1996 and produces and markets branded performance and athletic footwear, clothes, and accessories for women, men, and minors in North and Latin America, the Middle East, Europe, Asia, and Africa via its subsidiaries. The company owns 165 stores in the US alone as of writing.

As well as various items of clothing and accessories, Under Armour has a digital fitness platform and shopping app. Over the years the company has introduced high-profile products including professional sportsman Jordan Spieth’s golf shoes and apparel. Not to mention actor Dwayne Johnson’s Project Rock line of training equipment and accessories.

Under Armour stock has had some challenging years, and this wasn’t helped by supply chain issues in both 2020 and 2021. However, the company’s marketing efforts, as well as cutting ties with some of its problematic wholesale retailers seems to have made a difference.

Under Armour price chart

In its most recent quarter, e-commerce sales increased 4% year over year, accounting for 42% of Under Armour’s direct-to-consumer sales. The balance came from the retailer’s physical locations. Apparel revenue increased by 18%. Meanwhile, footwear revenue increased by 17%.

According to Under Armour’s annual report, revenue increased to $5.7 billion for 2021, up 27% compared with 2020. Based on current analyst projections, the company’s profit growth rate is likely to increase significantly. With this in mind, Under Armour is one of the most promising cheap stocks to watch.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

10. Carnival – Largest US Cruise Liner Stock Bouncing Back From Covid-19

Carnival was founded in 1972 and is the largest cruise company of its kind. The firm became publically listed on the NYSE in July 1987 at just short of $3.90. This is taking into account the company’s two stock splits. The all-time high of this stock was around $70 in January 2018 and during the following two years of trading, shares fell to lows of $41.

By the end of January 2020, Carnival shares were selling at a market value of $52. Then COVID-19 took hold of the world and within three months the stock had fallen to $8.50, its lowest value since April 1993. This represents a decrease in value of almost 84% between January and April.

Throughout the COVID-19 pandemic, the cruise industry was among the most impacted, essentially closing down to avoid passengers from spreading the virus. The firm did everything it could to decrease costs, but ultimately, it needed to raise a lot of capital to survive, alongside a new share issue.

Carnival price chart

Carnival’s debt has increased from roughly $12 billion prior to the outbreak to almost $35 billion in the first quarter of 2022, which is an obvious turnoff for potential investors.  Carnival was able to transport 850,000 people in the fourth quarter of 2021, which is more than twice as many as it was in the previous three months.

There seems to be a substantial latent demand for cruises, which will continue to expand as time passes. By spring 2022, the company’s whole cruise liner fleet is expected to be operational again.

Bookings for future itineraries in 2022 and 2023 are flying in at a rate that rivals what Carnival experienced in 2019 before the COVID-19 pandemic. Carnival is still trading at a discount to its pre-COVID share price but is one of the best cheap stocks on the rise. Carnival’s revenue for the final quarter of 2021 was $1.29 billion, an increase of over 3,574% year over year.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

How to Find the Best Cheap Stocks to Invest in?

When searching for the best cheap stocks to buy now, it’s important you are able to perform research on a DIY basis.

That is to say, you should have an idea of how to find the cheapest penny stocks and know what to look out for.

See some considerations below:

Look at the P/E Ratio of The Stock

First, it’s worth looking at the P/E ratio of a stock. As you may already know, the P/E ratio compares the price of a company’s stock to its earnings per issued share.

Divide a company’s current stock price by its earnings per share to get the P/E ratio.

  • In one industry or asset class, a favorable P/E ratio may be unfavorable in another
  • Generally speaking, the P/E ratio should sit below the firm’s main competitors if you’re searching for the best cheap stocks, as this can indicate that it is undervalued
  • Growth investments, on the other hand, are usually the polar opposite

The P/E ratio is important, but don’t base your stock purchasing choices on this alone.

You can also use the P/E ratio of a stock as a way of comparing it against its competitors in the industry.

Check the Quarterly and Yearly Earnings Report

It’s important to stay abreast with earning reports when learning how to buy cheap stock. Publicly listed companies are required to declare their financial profits four times a year.

The SEC receives this file and publishes the results, providing investors with a clear and transparent view of the company’s financial status.

This typically occurs at the end of March, June, September, and December. Revenues, costs, quarterly income, projections, profits per share, and corporate guidance are all included in the report.

Here’s what you might look out for:

  • Is there a trend emerging in terms of excellent or poor earnings results, and what factors are driving this?
  • What variables influenced the company’s financial performance in the previous quarter?
  • How is the company doing compared to previous quarters?
  • Where does the company’s revenue come from and what products or services are functioning better than others?
  • Is the firm’s budget and cash flow under control?

This will help you to understand the company’s financial health and may also tell you when it’s time to rebalance your portfolio.

Are Cheap Stocks a Good Investment?

When researching the best cheap stocks for 2022, you may still be contemplating whether this segment of the financial markets represents a good investment.

There are various reasons a stock might be cheap – it could be undervalued or perhaps it’s a start-up company.

Alternatively, the firm might simply be going through a rough time due to outside influences like supply chain problems or economic uncertainty which puts people off investing.

Below, you’ll see some of the potential benefits of opting to explore the cheapest stocks today.

Potentially Undervalued

As we said, some of the best cheap stocks are widely considered to be undervalued. For instance, you might buy a share in your chosen company for $10, when its perceived value is more like $15.

In this hypothetical scenario, if you buy shares in the company at a bargain price of $10, you could see gains of 50% later when the stock recovers to a more realistic market value.

Some Offer a Passive Income

The cheapest stocks to buy can offer a passive income to investors via dividends.

Some cheap stocks that pay dividends include Ford, Amcor, Viatris, Hewlett Packard, and Vodafone. The latter has the highest running dividend yield at the time of writing, at over 6%.

Although the size of dividends received by Vodafone shareholders has fallen in recent years, payments have been distributed quarterly for over a decade.

Portfolio Diversification

When you’re buying cheap stocks instead of shares costing thousands of dollars, you can create a well-balanced portfolio without breaking the bank.

This allows you to add undervalued stocks from a variety of industries to try to mitigate some of the risks involved with investing.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

Cheap Penny Stocks Definition

Are you looking for the cheapest stock to buy? To recap and offer clarification, whether a stock is cheap is subjective but usually refers to those priced at $20 or less per share. With that said, if you’re in the market for penny stocks, the SEC defines these as companies with a share price of $5 or less.

Where to Buy Cheap Stocks

After reading further information on the best cheap stocks to buy right now, you may have made your mind up on which shares you want to add to your portfolio.

Next, you will need to think about where to buy cheap stock.

To simplify the process, below we explain why eToro is the best trading platform to buy cheap stocks on a commission-free basis.

eToro – Best Place to Buy Cheap Stocks at 0% Commission

eToro is a top-class brokerage with one of the best stock trading platforms of its kind. The platform is approved to operate in the US and is licensed by the FCA, ASIC, and CySEC. Furthermore, each of the 10 companies from our list of cheap stocks is available at eToro at 0% commission.

The same applies to all 3,000+ shares offered by the broker. The trading site is really simple to navigate and comes with a free demo account for anyone wishing to practice placing orders. With that said, signing up takes minutes and trading orders are extremely easy to complete. As such, even newbies will find it stress-free to buy cheap stocks today.

etoro stocks

Fractional investing is supported by eToro. As such, you can risk as little as $10 when placing an order to buy cheap stocks. The minimum requirement when funding your account is $10 and US dollar deposits do not command a fee. To finance your cheap stock purchases, you can choose between a credit and debit card, wire transfer, or ACH

You can also use an e-wallet such as Skrill, PayPal, or Neteller. eToro is a social investing platform which means you are able to follow and like fellow stock traders.

etoro copy trading

Passive investing tools include copy trading and smart portfolios. The latter entails allocating funds to a basket of stocks curated and managed by eToro. Whereas, copy trading allows you to invest in someone and mirror their stock positions. This broker also offers the best penny cryptocurrency market as well as indices, commodities, and commission-free ETFs.

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Cheap Stocks on eToro

As we mentioned above, eToro is the best place to buy cheap stocks in 2022. This is largely thanks to its easy-to-navigate platform, low fees, and regulated status.

Here’s how to buy cheap stocks at 0% commission from eToro right now.

Step 1: Open an eToro Account 

To access the best cheap stocks to buy now, complete the sign-up form at eToro. This is a simple case of entering your chosen username and password alongside your email address.

etoro review

The broker will also need your name, date of birth, cell phone number, residential address, social security number, and a little information about your trading history. The latter is a simple questionnaire that can be completed in no time.

Step 2: Upload ID

After entering the code you received via SMS, you can finish setting up your eToro account by completing the KYC process. When prompted, upload a copy of your driver’s license, passport, or state ID.

Next, to validate your address, attach a utility bill that was sent to you within the last three months.

Alternatively, the broker will accept a bank or credit card statement, a bill from your internet provider, or an official rental agreement from a retail agent.

For more options, check out the eToro platform.

Step 3: Deposit Funds

You will need money in your eToro account to finance your investments. You can choose between e-wallets such as PayPal, Neteller, and Skrill to buy the best cheap stocks. Other options include bank transfer, ACH, and debit/credit card.

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If you are a US investor, you will not be required to pay a deposit fee. Moreover, you can get started by depositing just $10 or more. Enter the amount of US dollars you wish to allocate to your account and click ‘Deposit’.

Step 4: Search for Cheap Stock

You will have your own portfolio at eToro and can begin to buy the best cheap stocks for your goals. Here, we are searching for Ford.

etoro ford stock

To find your preferred stock, you can enter the company name into the search bar. When you’ve spotted it in the list that populates, confirm your selection by clicking ‘Trade’.

Step 5: Buy Cheap Stock

You will now need to consider how much you would like to risk on your cheap stock investment.

etoro ford buy order

Here, we are allocating just $10 to the position, which allows us to buy a fraction of a share. eToro accepts stakes as low as $10 on all stocks and you will not pay any commission.

Finally, click on ‘Open Trade’ to buy your chosen cheap stocks.

Conclusion

Today we’ve taken a closer look at the best cheap stocks to buy now in 2022.

Whichever constitutes the best cheap stock for you will depend on your tolerance for risk, interests, and goals.

Nonetheless, to buy any of the cheap stocks discussed in this guide, eToro allows you to complete the process at 0% commission. The broker also waivers deposit fees for US investors and it takes just five minutes to open a verified account.

etoro review

Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.

Frequently Asked Questions on Cheap Stocks

What are the best cheap stocks to buy right now?

Can you buy $10 worth of stock?

Where can I find cheap undervalued stocks?

Is it worth buying low-price stocks?

Is it smart to invest in penny stocks

How to find cheap stocks?

Why are penny stocks so cheap?

What is the cheapest stock you can buy?

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