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 want to find the top uranium stocks based on performance or are looking for the top AI stocks, picking a regulated broker is key to successful investing in 2024. After considering which stocks to buy, you can look for a broker to process 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
Capital.com is a well-known brokerage that lets users invest in stocks using PayPal. It is a globally recognized trading platform famous for its low-cost CFD trading services. With Capital.com, users can trade 3,600 stock CFDs along with various indices, ETFs, commodities, currencies, and cryptocurrencies.
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.
| Minimum Deposit | $20 |
| Fractional Shares? | Yes |
| 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.
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.
Low Fees
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.
Conclusion
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.