Meme stocks refer to publicly traded companies that have developed a cult-like following on the internet, usually through social media channels.

In this guide, we reveal the best meme stocks to buy in 2022. We also divulge how to invest in top meme stocks without paying any commission.

Best Meme Stocks to Buy in 2022

To give you an indication of which meme stocks are worth your consideration, you can look at this quick view list.

  1. Tesla Overall Best Meme Stock to Buy in 2022
  2. Bed, Bath & Beyond Meme Stock With a Chain of Domestic Retail Stores
  3. GameStop Gaming and Console Retailer With a Cult Following
  4. Virgin Galactic – Invest in a Growing Space Tourism Company
  5. Nio – Multinational Electric Automobile Manufacturer With Long-Term Potential
  6. Nokia – Telecommunications Stock On the Road to Recovery
  7. Blackberry – Software Stock With Strong Fundamentals
  8. Palantir Technologies – US-Based Data Analytics Stock Working With Government Agencies
  9. AMC Entertainment – Theatrical Stock Brought Back From the Brink of Bankruptcy
  10. Snap – US Social Media and Camera App With Increasing Number of Daily Users

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

If you’re new to equity trading then you might be wondering how to buy stocks safely and efficiently. We’ll answer that question further down.

As you can see, we’ve included a range of different sectors and industries. Next, you will find our full evaluation of the best meme stocks to buy now.

A Closer Look at the Best Meme Stocks to Invest in

The way stock prices move isn’t always connected to business fundamentals. As such, finding meme stocks with potential may be done in a number of ways.

Some traders and investors keep things simple by sticking to companies like AMC and GME. Others choose to hunt for potential gains elsewhere.

Below we offer more information on the top 10 meme stocks to consider buying right now.

1. Tesla – Overall Best Meme Stock to Buy in 2022

Tesla was founded in 2003 and is often considered the original meme stock. The company designs, manufactures, leases, and sells electric vehicles. Tesla also makes energy generators, storage systems, and more. Tesla’s most popular products include well-received EVs like its Model S, X, 3, and Y.

Other products include Solar Roof Tesla Energy Software, Powerpack, Megapack Solar Panels, and the company’s integrated battery system – Powerwall. Moreover, in 2021, Tesla signed a supply agreement with Arevon, a leading renewable energy company.

The agreement was for Tesla to supply Arevon with a record quantity of Megapack batteries, totaling 2 GW/6 GWh. These are to be used for multiple new energy storage projects. The most recent joint project between Tesla and Arevon is the Townsite Solar and Storage Facility.

This site is located in Nevada and includes over half a million solar panels. This will provide 360 MWh of Megapacks to help maximize the use of solar energy. The Megapack project will power 60,000 households.

Tesla stock price

So, you might wonder what makes such a successful company one of the best meme stocks to invest in? As we touched on, a meme stock is a traded company that is highly influenced by online interest. To offer an example, between October and November 2021, Tesla made history by making the biggest 12-day gains the stock market had ever seen.

Online rumors about a transaction with rental vehicle firm Hertz appears to have been the key catalyst that propelled it above the $1 trillion market valuation. Immediately after, this resulted in a one-day increase of 13% to $1,025 per share. By 2030, Hertz intends to electrify its fleet in collaboration with the EV firm.

Although, as Elon Musk pointed out on Twitter, the acquisition will have little impact on Tesla’s economy because demand continues to outweigh supply. Nonetheless, Tesla stock often features on Reddit and this continues to be one of the most popular meme stocks to buy right now.

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2. Bed, Bath & Beyond – Meme Stock With a Chain of Domestic Retail Stores

US-based retail chain Bed, Bath & Beyond was founded in 1971. The omnichannel retailer operates locations throughout the Americas and sells a diverse range of products in a number of significant consumer areas. In 2021, Bed, Bath & Beyond pledged to launch eight new brands and it has succeeded with this goal.

Nestwell was the first of its owned brands to emerge in the year, and this was quickly followed by Our Table, Wild Sage, and Simply Essential. The company’s three-year recovery strategy involves investing in technology, expanding its omnichannel plans, and refurbishing stores.

Bed, Bath & Beyond is one of the top meme stocks to buy now. Amateur investors gathered to identify highly shorted securities they could buy in bulk, and as a result, Bed, Bath & Beyond stock experienced a major boost in 2021.

Bed, bath, and beyond stock price

Within that audience, Bed Bath & Beyond is still one of the most popular meme stocks. For instance, this company’s stock was at $17.80 on the last day of 2020, and by the end of January 2021, it had risen to almost $35 following a meme rally. This is an increase of almost 97%.

Furthermore, it was announced online that activist investor and GameStop chairman Ryan Cohen had bought a 9.8% stake in Bed Bath & Beyond in March 2022. This caused shares to increase again. The stock was trading at $16 at the end of February 2022, and by the close of March, shares were at almost $23 each.

As such, the shares were trading over 43% higher following the news. At the time of writing, Bed, Bath & Beyond is trading just over 79% lower than its all-time high of $79 and there is no reason another surge won’t happen – which could result in attractive gains for short-term investors.

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

3. GameStop – Gaming and Console Retailer With a Cult Following

Texas-born video-game retailer GameStop was founded in 1984. GameStop is a one-stop shop for people looking to buy video games, accessories, consoles, and a range of other products. The company has over 4,500 brick-and-mortar stores and also has an online presence.

GameStop stock was listed on the NYSE in 2002. During 2017, and a few years after, shares remained under $25. This is when everything changed for GameStop, as it gained a cult following online and the meme effect shook the stock market. In a nutshell, at the beginning of 2021, GameStop shares were trading at $17.

By the end of the month, following a short-squeeze kick-started by WallStreetBets members, the stock increased by over 1,800% to $325. By early February 2021, shares had plummeted back down to the $50 mark. However, this didn’t last long. In true meme-stock form, another rally began which sent the share price to a high of almost $265 by mid-March.

Gamestop stock price

Sharp price fluctuations like this continued throughout 2021 and the stock never dropped below $150. According to the company’s fourth quarter and fiscal year 2021 results, net sales were at $2.25 billion, up from $2.12 billion in 2020. At the end of March 2021, GameStop revealed its plans to undertake a stock split, in the shape of a stock dividend.

The decision is subject to shareholder approval. Moreover, the short-squeeze saga looks set to continue. With all of this taken into consideration, you could buy GameStop stock now for an attractive upside potential.

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

4. Virgin Galactic – Invest in a Growing Commercial Space Tourism Company

Richard Branson’s space flight company Virgin Galactic was founded in 2004. The company’s rocket plane was the first commercial space-liner the world had ever seen. Virgin Galactic’s goal is to make space tourism a huge commercial industry. Whereby it will be as normal to buy tickets to go to space as it is to book a flight to a foreign country.

Only the Space Agency in Russia has successfully completed commercial space trips like this so far. This is something Richard Branson, amongst others such as Elon Musk, is hoping to change. Virgin Galactic became one of the most popular meme stocks in early 2020.

Hoards of Reddit retail traders caused shares to go from just under $12 at the start of January 2020, to almost $44 by the end of February. 2020 was full of ups and downs thanks to some major setbacks for the company. Its flight-test program was facing delays, there was a shakeup in terms of management, and the market value of the company had fallen.

Virgin Galactic stock price

By early 2021, it was trading at around $25. However, after another rally, Virgin Galactic stock increased to over $54 per share. By mid-May 2021, shares had fallen to $16. However, by the end of June 2021, the stock had skyrocketed again to around $56.

This came following the announcement that Virgin Galactic had been granted the much-needed regulatory approvals for commercial space travel and had completed a successful test flight. Virgin Galactic has already sold hundreds of seats for future space trips, with thousands more having paid advance deposits.

While the first space tourists are mostly scientists, celebrities, and other highly affluent people, the long-term aim is for the trips to be cheap enough for your average Joe to afford. According to Virgin Galactic, it plans to launch up to 400 flights each year, tickets cost $450,000 per person and each will carry six passengers and two pilots.

All in all, this is one of the best meme stocks to keep an eye on, catching it on a downward trend might mean more attractive profits later on.

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

5. Nio – Multinational Electric Automobile Manufacturer With Long-Term Potential

Nio was founded in 2014. The company designs manufacture and sells EVs. Nio is a market leader in China’s premium smart EV industry. It also creates next-generation batteries and digital technologies. The company also develops and markets industry-leading battery switching and battery-as-a-service technology.

Nio is also working on its own self-driving technologies for autonomous vehicles. In terms of stock performance, Nio entered 2020 at under $4 per share. However, following a rally prompted by Reddit stock traders, between October and November 2020, Nio stock skyrocketed to around $54.

This illustrates a return of 1,250%. The rally in 2020 also made Nio the fifth largest car manufacturer by market cap, with a valuation of $75 billion. In January 2021, Nio stock experienced an all-time high of around $62. However, following reports on semi-conductor shortages, by March 2021, Nio shares had pulled back to a little over $38.

Nio stock chart

Despite the lack of semiconductors, the firm reported a healthy volume of deliveries and revenue growth. The company supplied 91,429 EVs in 2021, an increase of over 100% year over year. Moreover, in early 2022, there was a resurgence of interest in Nio stock on Reddit making it one of the most popular meme stocks again.

In the first quarter of 2022, the EV maker delivered 25,768 vehicles, a new quarterly high. Moreover, cumulative EV deliveries reached almost 192,840 as of the end of March 2022. This EV stock was scheduled to begin delivering its ET7 sedan in March 2022. It successfully did so, and on time despite challenges.

As a result, Nio shares went from $14 to $19 in two days, showing an increase of almost 36%. It hasn’t hurt Nio for investors to learn that the EV market in China was revealed as the fasted growing globally as of 2022. As such, this is one of the best meme stocks for long-term potential.

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

6. Nokia – Telecommunications Stock On the Road to Recovery 

If you’re looking for the most undervalued stocks and cheap meme stocks, Nokia is worth a look. The Finish company was founded in 1865 and although it was a paper mill back then, over the decades the company has shifted through many stages before focussing its attention on telecommunications as early as 1991.

Nokia is a well-known cell phone brand and hasn’t been without its struggles over the years. Nokia stock was flying high from the mid-1990s to the early 2000s. In June 2000, shares reached their highest value to date – around $58. By 2012, Nokia was engulfed by competition from the likes of Android and Apple and the stock fell to an all-time low of around $4.

Fast forward almost a decade to early 2021 and Nokia became one of the best meme stocks when it experienced a resurgence in investor interest. Yet, after collapsing during the initial round of meme craze, by August 2021 it had gradually risen to above $6 per share.

Nokia stock price

Nokia entered 2022 at around $6, and after a brief dip to a little under $5 in March, shares had grown to over $5.50. As well as the speculative frenzy in 2021, this increase was attributable to better fundamentals. Nokia was a bit of a disappointment to investors when it came to securing 5G arrangements with telecom firms prior to 2021.

However, in March 2022, Nokia and Chunghwa Telecom entered a two-year deal to work together to improve its 5G network in Taiwan’s central and southern regions. Nokia will deliver equipment from its latest energy-efficient AirScale portfolio to 4,000 additional locations as part of the arrangement, which will enhance capacity and performance.

Nokia is also collaborating with Google Cloud to create new 5G radio technologies. Nokia’s RAN edge cloud technology will combine with Google Cloud’s edge computing platform and applications ecosystem. Furthermore, by the end of 2022, US cellular’s standalone 5G core, supplied by Nokia, should be available.

Nokia has increased its portfolio of affordable 4G and 5G cell phones that run on Android. At the time of writing, Nokia is around 90% lower than its all-time high, which could make it a bargain if the company’s turnaround efforts come to fruition.

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

7. Blackberry – Software Stock With Strong Fundamentals

Blackberry was founded in 1984. The company might be best known for its mobile devices which were hugely popular in the 2000s. Blackberry now focuses on selling software systems, and cyber security technology. Unlike some other meme stocks, BlackBerry appears to have more solid business fundamentals.

The firm has evolved from a pioneering mobile device manufacturer to a significant cybersecurity player. Some of Blackberry’s biggest partnerships include IBM, Amazon Web Services, Qlik, and Intel. Despite this, Blackberry became a meme stock in early 2021, courtesy of Reddit.

Blackberry stock ended 2020 at a price of $6.60. After becoming one of the top meme stocks on the aforementioned platform, Blackberry increased to $14 per share. This illustrates an increase of over 112% in less than a month.

Blackberry stock price

Blackberry started 2022 at over $9 per share. However, after releasing its fourth-quarter results in March, some analysts lowered its price guidance and shares fell. The company reported revenue of $185 million for Q4 2021, which is down 11.9% year-on-year. This was mostly due to supply chain issues.

The company has plenty of notable projects in the pipeline. This includes IVY tech software, which is a collaboration with Amazon’s AWS division and will be used in the sensors in vehicles. Automakers should be able to use the software to cut costs and enhance operations.

At the time of writing, BlackBerry’s stock still has a devoted following on Reddit. Its ticker is usually among the most discussed on major web boards and thus – this makes it a top meme stock to consider today.

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

8. Palantir Technologies – US-Based Data Analytics Stock Working With Government Agencies

Palantir Technologies was founded in 2003 and the firm provides extremely secure data to a range of clients. Its three product divisions are Apollo, Foundry, and Gotham. In 2011 Palantir assisted in the capture of Osama bin Laden. This top meme stock investigates criminal, communication, medical, secret service, and financial records.

One of the first outside investors in Palantir was the CIA, and the company is very selective about to who it sells its software to. It began as a corporation dedicated solely to government clients, therefore its products were created with security as a foundation.

This company’s data mining software is also used by over a dozen countries to follow medical supply networks, anticipate breakouts in pandemic hot zones, and track COVID-19 infections. Palantir Technologies became a publically listed company in 2020 and its stock opened at $10.

Palantir stock price

In 2021, Palantir Technologies became one of the most talked-about meme stocks and as a result, it enjoyed a sudden influx of support from retail investors. Palantir Technologies entered 2021 at $23.50, and the aforementioned meme rally saw shares increase by almost 50%, peaking at an all-time high of around $35.

During the first three months of 2022, Palantir Technologies floated between a high of around $16 and a low of $10. At the time of writing, the stock is down approximately 64% from the all-time high in 2021. However, it has started to pick up momentum again.

For full-year 2021, the company reported revenue growth of 41%, and its US commercial division increased by over 100% year on year. Palantir Technologies expanded its contract with CDC for disease and monitoring response in April 2022. The company also partnered with Carahsoft to increase its reach in the US government market. It has also extended its partnership with Ferrari.

Foundry will allow power unit engineers to analyze data quickly and maximize performance from sources including test bench results and Grand Prix data.

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

9. AMC Entertainment – Theatrical Stock Brought Back From the Brink of Bankruptcy

AMC Entertainment was founded in 1920. This company is one of the world’s major movie theater companies. It has over 10,000 screens in 950 theaters throughout the world – which should give you an idea of its magnitude.

By offering loyalty and subscription programs and supplying its signature commercial-grade power-recliner chairs, the business has pushed the industry forward over the years. AMC Entertainment’s subsidiaries include Odean, Finnkino, and Carmike Cinemas. Why is this one of the best meme stocks you might be wondering?

Put simply, this hundred-year-old theatre company was forced to near bankruptcy in 2020. This came as a result of the COVID-19 pandemic, lockdowns, and the mass closure of movie theatres around the world. However, in mid-2021, independent investors on the WallStreetBets group on Reddit rallied together to buy up AMC Entertainment stock in their droves.

AMC stock price

As a result, the stock went from $12 at the end of May to over $59 by mid-June, which remains its all-time high at the time of writing. The company has managed to raise over $2 billion as a result of people rallying to buy shares. This has enabled the company to take the 500 million share dilution it previously announced off the table.

AMC Entertainment also had the best quarter it’s had in the last two years. In mid-March, 2022, AMC announced that it will purchase 22% of Hycroft Mining Holding Corporation. Shares in both companies increased in the days leading up to the announcement. Moreover, AMC Entertainment plans on maximizing gains for shareholders by growing the business further.

The company’s plans includes reducing debt, investing in acquisitions and mergers, and upgrading its theatres. AMC Entertainment will also accept payments using cryptocurrencies. Additionally, the firm also venturing into the world of NFTs and is planning on airdropping benefits such as discounts to holders.

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

10. Snap – US Social Media and Camera App With Increasing Number of Daily Users

Snap was founded in 2011. This is the parent company of the social and multimedia platform Snapchat. The firm offers a cell phone app and what makes it different from many other platforms is that photos and messages are usually automatically deleted after a few seconds of sending.

Unlike platforms such as Facebook, Snapchat has been praised in the past for making the majority of users feel happy, rather than isolated, or anxious. In terms of its business model, Snapchat makes its revenue from digital advertising, which accounts for up to 99% of its incoming cash flow.

Snap became a publically listed company in 2017 at around $27 and gradually fell throughout the year. From 2018 to late 2020, Snap shares were trading between a low of $5 and a high of $40. In 2021, meme investors took Snap to its all-time high of over $83. At the time of writing, shares are 64% lower than their all-time high.

Snap stock chart

In early 2022, social media apps like Snap experienced a loss due to Apple’s privacy updates. In a nutshell, it requires social media apps to obtain permission from users for tracking purposes, and also allows people to block this kind of activity entirely. This company recorded revenues of $1.06 billion in the first quarter of 2022.

This fell short of analysts’ expectations of $1.07 billion. That said, Snap has adapted quickly to the aforementioned iOS updates and is also moving into the next phase of modernization via augmented reality.

The company is updating its technology by integrating AR, albeit, this is something that other social media giants are also working on. Moreover, Snapchat’s daily active users increased 18% year over year to 332 million in the first quarter of 2022. This was a positive result as market analysts had predicted a figure of 331 million.

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

What are Meme Stocks?

Meme stocks are companies that experience sharp increases in their share price following online interest. Meme stocks can be those that are nostalgic brands, firms that have a large online following or a charismatic CEO, or companies that are simply undervalued.

To further explain, let’s offer an example using GameStop, one of the best-known meme stocks:

  • In 2020, Wall Street veterans saw gaming company GameStop on its knees and began short-selling the stock
  • Meanwhile, tens of thousands of individual investors gathered in an online forum on the prominent website Reddit
  • These individual retail investors were eager to strike out at the financial markets and fight for the underdog
  • Instead of decreasing the price of GameStop stocks, WallStreetBets gathered together to acquire as many shares as they could
  • This caused the GameStop share price to rise and forced short-sellers to lose billions of dollars for their failed bet

The result? By the 29th of January 2021, GameStop stock had risen to $325. This beat the stock’s previous all-time high of around $60 years earlier in 2007.

Not only that, but over just ten days the shares increased by more than 1,700%, as a result of these small investors rallying to buy GameStop stock.

How to Find the Best Meme Stocks to Invest in?

Finding the best meme stocks is relatively simple, but there are several important things to look out for to ensure you select suitable investment opportunities.

This includes the following:

Sudden Increase in Price

One thing all meme stocks have in common is that they usually experience an unusually high trading volume, and quite suddenly.

If you catch the meme stock before it reaches its peak and falls again, you can make some healthy gains.

For example:

  • Let’s say you had allocated $1,000 to Nio stock at the start of August 2020.
  • At this time, Nio shares were trading at $13 each
  • If you cashed out just before the end of November, you would have made a profit of over $3,000

That said, just because a stock is on the rise, this doesn’t necessarily mean it’s a sound investment in the long-term.

As such you should still check out the company’s financials, and future projects.

Check Out Investing Communities for Trending Stocks

As we’ve touched on throughout this guide, most meme stocks fall into this category due to support from online communities.

  • As such, one way to find the best meme stocks is to check social media sites like Reddit
  • In the case of Reddit, the WallStreetBets group now has in excess of 10 million members
  • You could also take a look at Stockwit, which is like Twitter but for stock investors
  • If you are on Twitter, you can also follow meme stock-specific accounts to stay abreast with trending companies that might be due a major comeback

Moreover, you will no doubt find when familiarizing yourself with how to buy meme stocks that the best companies from this marketplace dominate mainstream media headlines.

Volatile Price Swings

Meme stocks can be highly volatile, which is what short-term traders look to profit from. In a similar fashion to the above-mentioned sudden increase in price, you can look for stocks that seem to be experiencing volatile jolts in either direction.

This is because when a meme stock rallies, it is almost always temporary.

That is to say, the share price goes up by a huge amount within hours or days as waves of people start buying at once. The meme stock then plummets again following this surge. As discussed earlier, many meme stocks experience multiple surges.

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

Are Meme Stocks a Good Investment?

Individual investors getting together to garner support for fading businesses with numerous short positions is still prominent.

For those who are still deciding whether this is a smart investment choice, we’ve listed some reasons the best meme stocks might make a good investment.

Potential to Make High Returns in a Short Amount of Time

As we said, meme stocks experience sharp price fluctuations. If you keep your ear to the ground, you might be able to catch a meme stock before it skyrockets, and sell it off at the right time for decent gains.

It is important to be careful though as if you are too late you stand to make a loss. You can mitigate some risk by only buying a fractional amount of your chosen share from just $10 at the top stock trading platform eToro.

Meme Stocks Can Become Stronger Long-Term Investments

On the flip side, some meme stocks, such as AMC Entertainment, can become stronger following renewed interest from investors.

  • In the case of AMC Entertainment, the company was on the verge of collapse after the COVID-19 pandemic
  • However, after a rally from individual investors, the popular meme stock was able to focus on lowering interest costs and reducing debt
  • Moreover, the CEO of AMC Entertainment used the $2 billion gained from sales of its stock on new cinema leases and major theatre upgrades

This is a gradual process. However, a meme rally can work wonders for a company’s balance sheet which is a positive for investors that are willing to exercise patience.

Where to Buy Meme Stocks?

After researching the best companies to focus on from this marketplace, you will need to make a decision on where to buy meme stocks.

To save you some legwork, below you will see a full review of the overall best trading platform for this purpose.

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

eToro offers a safe and jargon-free place from which to buy meme stocks. The platform has been approved to operate as a stockbroker in the US. Not to mention holding a license from the FCA, ASIC, and CySEC. Moreover, stocks are simple to find, and the site as a whole is easy to navigate.

One of the biggest advantages of opting for eToro when learning how to buy meme stocks is that all 2,500 shares are offered with 0% commission. This brokerage is also a cost-effective solution for US traders as there is no fee on USD deposits.

There is a range of supported payment types comprising wire transfers, ACH, credit/debit cards, and e-wallets. The latter includes PayPal, Skrill, and Neteller. All of the 10 best meme stocks we’ve discussed in this guide are available at eToro and you can also access a free mobile app for iOS and Android. This means that you can buy stocks with PayPal on eToro with zero deposit fees.

Not only that, but if you decide to diversify at a later date, US clients can also access meme crypto coins with low commissions. Another way to diversify is to allocate some of your funds to copy trading or smart portfolios.

US investors can allocate $200 to a seasoned investor that is listed in the copy trading area of the platform. Whatever stocks that person chooses to buy or sell will also be copied across to your portfolio – automatically.

Smart portfolios refer to a basket of assets that have been chosen by eToro and will be rebalanced and managed on your behalf. All you have to do is allocate some funds to your chosen portfolio and you will have a ready-made basket of stocks.

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

How to Buy Meme Stocks on eToro

The likelihood is that by this point – you know the best meme stock for your investment objectives. When divulging where to buy meme stocks, we revealed that eToro offers the overall best platform.

To learn how to invest in meme stocks in under five minutes at 0% commission, see a step-by-step guide below:

Step 1: Open an eToro Account 

Open an account by heading to eToro and clicking ‘Join Now’. Add a username and password, and type in your email address.

etoro review

Next, you can add your first and last name, cell phone number, home address, nationality, and date of birth. eToro will send a code to your cell phone via SMS, so enter that when prompted by the broker.

Step 2: Upload ID

eToro adheres to AML rules and KYC regulations so will require a copy of your passport, or another photo ID, such as a driver’s license.

You should also attach a statement from your bank that was sent to you within the last three months. There is a list of supporting documents which also includes tax letters, utility bills, and rental agreements.

Step 3: Deposit Funds

To fund your account, select a payment method from the list of options. This includes e-wallets Skrill, PayPal, and Neteller.

Other supported payment types include Rapid Transfer, debit/credit cards, and traditional options like wire transfer and ACH.

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Enter $10 or more to continue to the next stage of purchasing the best meme stocks right now.

Take note, US investors are not charged a deposit fee at eToro.

Step 4: Search for Meme Stock

Think about which meme stock you wish to add to your portfolio. Here we are looking for Tesla. Type your chosen meme stock into the search bar and click ‘Trade’ when you see it.

eToro Search Tesla

If you decide to diversify later, you can explore a range of different markets.

eToro offers access to everything from cryptocurrencies and penny stocks to the best NFT stocks and the best oil stocks. All stocks and ETFs are offered with 0% commission.

Step 5: Buy Meme Stock

You can now buy the best meme stock by entering the amount you are willing to stake.

eToro Buy Order Tesla

We are allocating $30 to Tesla stock, which means we are able to buy just a fraction of a share.

You can enter $10 or more in the ‘Amount’ field and eToro will add the meme stock to your account.

Conclusion

When it comes to buying the best meme stocks, options are vast and include everything from low-cost nostalgic brands and failing businesses to billion-dollar companies with a strong social media presence.

eToro will allow you to buy the best meme stocks with 0% commission and the broker accepts fractional trade orders of $10 and over. US clients pay no deposit fees and can also access cryptocurrencies with competitive and transparent fees.

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

FAQs on the Best Meme Stocks

What are meme stocks?

What meme stocks should I buy?

Are meme stocks good investments?

What is the best meme stock?

Can you make money from meme stocks?

What are some meme stocks?

Is Tesla a meme stock?

Is GameStop a meme stock?

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