If you’re looking for a fast, convenient, and secure way to invest in equities, you can buy stocks with PayPal. That is provided the stock broker platform you choose accepts this payment type.
In this guide, we explain how to buy stocks with PayPal without paying any deposit fees or trading commissions.
How to Buy Stocks With PayPal
The below guide shows users how to begin purchasing stocks using 4 simple steps.
- Step 1 – Open a Trading Account: Head to your preferred trading paltform’s website and begin the account creation process. Add your personal details, and create a username and password.
- Step 2 – Verify Account: Users can verify their accounts by uploading a valid photo ID and providing a proof of residence certificate.
- Step 3 – Make a Deposit: Users can access the deposit option on the trading platform and choose PayPal as a payment method.
- Step 4 – Buy Stocks: Search for the stock you’re interested in on the trading platform’s dashboard and click ‘Buy’. Enter your position size in the order box and click ‘Buy’ again.
Where to Buy Stocks With PayPal
Whether you’re looking for the best uranium stocks by performance or whether you’re searching for the best AI stocks, choosing a regulated broker is one of the most important aspects of successful investing in 2023. Once you’ve thought about which stocks you might want to buy, you can think about which broker can fulfill your order.
Learning how to buy stocks with PayPal is simple enough. For example, with a Capital.com trading account, you can buy oil stocks and the popular biotech stocks with PayPal in a matter of minutes.
However, it’s also important that before creating an account, you check out potential fees, available markets, and whether this payment type is accepted.
Capital.com is a popular brokerage that allows users to invest in stocks using PayPal as a payment method. Capital.com is a world-renowned trading platform known for its low-fee CFD trading services. With Capital.com, users can trade 3,600 stock CFDs and a selection of indices, ETFs, commodities, currencies, and cryptos.
Capital.com users will benefit from 0% commissions when placing trades with this broker, as all fees are built into the bid/ask spread. This spread is also very tight, especially for highly-traded shares – and can be as low as 0.7 points during peak trading.
It’s important to note that Capital.com doesn’t currently accept US-based traders – for those in the US. However, Capital.com does offer a host of valuable features, including ‘fractional trading’ from only $1. What’s more, Capital.com’s minimum deposit amount is only $20 – with fee-free PayPal deposits.
There are also no withdrawal or inactivity fees to consider with Capital.com, making it a cost-effective broker for stock trading. The trading experience itself is streamlined, with a dedicated web platform and mobile app offering a solution for all traders. Finally, Capital.com even has a massive library of educational resources, complete with tutorials, webinars, and a free demo account.
|Pricing System||0% commission + bid/ask spread|
|PayPal Deposit Fee||Free|
Your capital is at risk. 83.45% of retail investor accounts lose money when trading CFDs with this provider.
eToro is another popular trading platform that lets users buy stocks with PayPal. More than 25 million traders and investors are registered here and the broker is regulated by the SEC and many other bodies.
Once you’ve created an account, which usually takes less than 10 minutes, you can buy stocks from $10 or more. This is owing to the fact that eToro supports fractional stock trading. This means that if you were hoping to invest in large-cap stocks like Adobe, Etsy, Amazon, XELA stock, Matterport stock, and Samsung for instance, you can add just a portion of a share to your investment portfolio.
The minimum deposit is also set at $10. Furthermore, US clients are offered 0% commission on all stocks and PayPal deposits are free of charge. There are over 3,000 stocks to choose from, listed on 17 exchanges globally, so there is no shortage of investment choices. As such you could buy DocuSign stock, Rivian stock or you could buy Alibaba stock, Upstart stock, NRG stocks, and Nikola stock with a minimum investment of just $10.
You’ll find stocks listed in the US, UK, Canada, Australia, various parts of Asia and Europe, and more. Other markets such as commodities, cryptocurrencies, and indices are also listed. You can also trade ETFs using your PayPal account and eToro will not charge you any commission fees to open or close a position.
If you’ve considered buying stocks with PayPal in a passive way, eToro offers copy trading tools. This entails using your PayPal account to make a deposit and then allocating $200 or more to a pro-investor. If they allocate 10% to Amazon and 5% to Gamstop, you’ll see the equivalent in your portfolio.
The number of funds you see allocated to each stock will depend on how much you invested in copy trading. Another passive trading feature you can invest in with PayPal is smart portfolios. eToro has a multitude of managed and automatically rebalanced baskets of stocks you can choose from covering different sectors and themes.
eToro offers all Android and iPhone users a free mobile app that makes buying stocks and checking in on your investments a breeze wherever you are. The app is simple to use so should suit most investors.
|Fractional Shares?||Yes – $10 minimum|
|Pricing System||0% commission on all stocks|
|Paypal Deposit Fee||FREE for US clients|
Your capital is at risk. 68% of retail investor accounts lose money when trading CFDs with this provider.
Features of Buying Stocks With PayPal
There are numerous features that users can avail when purchasing stocks with PayPal. We have talked about a few of these features in the sections below.
Speedy Deposit Method For Stock Investors
When researching how to buy stocks with PayPal, you will notice deposits are usually instant.
In contrast, traditional banking methods such as ACH and bank wire transfers can take anywhere between 3 and 7 days to clear in your investing account. Of course, by then you could have missed the opportunity to buy your chosen stocks at a preferred price.
Secure Payment Type
When you buy stocks with PayPal, there is no need for you to enter any sensitive card information on the trading platform, such as your credit card details. PayPal also offers sophisticated end-to-end encryption and the option of two-factor authentication.
You can monitor your transactions in real-time when you buy stocks with PayPal. Moreover, PayPal does not share any of your banking information with the broker in question. As such, this is a secure way to begin investing online.
Convenient Way to Finance Investments
As we touched on, when you buy stocks with PayPal, there’s no need to enter your payment card details. The information needed to finance your purchase is all there, stored on your account, and encrypted.
- With PayPal, users can invest in stocks in just a few minutes.
- Users can click on “Deposit” and simple select “PayPal”.
- You will be automatically redirected to the PayPal login screen. After reviewing the transaction amount, click ‘Pay’.
After that, you can place an order to buy shares.
When you are deliberating where to buy stocks with PayPal, check what fees you will have to pay – if any. A key advantage of PayPal is that some brokers waiver the deposit fee.
How to Buy Stocks With PayPal
Next, we’ll review how to purchase stocks on PayPal.
After users review and choose their preferred stock brokerage, they can follow this step-by-step guide and begin trading in stocks with PayPal.
Step 1 – Open a Trading Account
Head over to the brokerage’s website and begin the registration process. Enter your email address and choose. password for your account. Users will need to confirm their account by verifying their email account.
Step 2 – Verify Account
Users must verify their accounts before trading. Firstly, users can provide a valid photo ID, by uploading a passport copy or diver’s license.
Furthermore, users also need to provide a proof of residence ID. This can be a bank statement or utility bill.
Step 3 – Make a Deposit
After verification, click ‘Deposit’ and choose PayPal as a payment method. The minimum deposit can change depending on the brokerage you have chosen.
Step 4 – Buy Stocks
Type the name or ticker symbol of your chosen stock into the search bar and click enter. Users can then enter the amount they wish to deposit into the trade and confirm the transaction.
In this guide, we’ve offered a simple explanation of how to buy stocks with PayPal. As long as your chosen trading platform accepts this payment method, you should find it fast and convenient to enter the stock market.