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- 1. How to buy stocks with American Express stock brokers in 2023
- 2. Where to buy stocks with American Express
- 3. How to fund your American Express broker account
- 4. What is American Express?
- 5. What is the American Express brokerage?
- 6. Quick answers to key questions
- 7. Pros and cons of buying stocks with American Express
- 8. What to look for when investing with American Express brokers
- 9. Should I use an American Express stock broker?
- 10. FAQs
How to buy stocks with American Express stock brokers in 2023
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82% of retail CFD accounts lose money.
What you’ll learnCopy link to section
- How to find an online stock broker that accepts American Express, charges low fees, and keeps your money secure
- How to buy stocks with American Express for the first time
- The pros and cons of buying stocks with American Express
Where to buy stocks with American ExpressCopy link to section
Here are three more stock trading platforms where you can buy stocks with American Express, ranked according to their trading fees, security features, and platform reliability.
77% of retail CFD accounts lose money.
How to fund your American Express broker accountCopy link to section
It takes 10-15 minutes to set up a trading account with a broker that accepts American Express. Follow this guide to learn how to invest with American Express online brokers.
Step 1. Sign up with eToroCopy link to section
eToro is the best stock broker that accepts American Express as a payment method.
To set up a trading account you must enter some personal details, like your name, street address, and email, and provide a valid photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Go to the deposits or payments page on your trading appCopy link to section
You will find this in the main menu or site navigation tab. It may be labelled ‘bank’ or ‘account’, each American Express brokerage is different.
Step 3. Choose American Express from the list of optionsCopy link to section
Choose your payment method from the drop down menu. There may be a lot of options, so scroll down until you find Amex.
Step 4. Enter the amount of money you want to deposit and confirmCopy link to section
Decide how much you want to deposit and type that amount into the box. Bear in mind that there may be a fee for American Express deposits.
Double check the details and then make the deposit. You may have to confirm the transaction with American Express before it goes through.
Step 5. Search for your favourite stock and place an orderCopy link to section
Each stock trades under a unique ticker symbol. For example, Apple stock trades as ‘AAPL’. Search for the stock you want to buy using its ticker and place your first trade.
What is American Express?Copy link to section
American Express is a financial services company best known for its credit card. The American Express card, often called the Amex card, is a charge card issued by American Express. It differs from traditional credit cards as cardholders must pay the entire balance each month instead of carrying a revolving balance.
Amex cards are accepted by millions of merchants worldwide, both online and at traditional bricks and mortar stores. An Amex card provides several benefits, such as rewards points, travel perks, purchase protection, and concierge services.
American Express also operates as a full-service online stock broker through a division known as American Express Financial Advisors. Customers can open an account and buy stocks with an Amex card or linked bank account.
What is the American Express brokerage?Copy link to section
The American Express brokerage, or Amex Financial Advisors, is an introducing broker, which means it partners with another firm to execute trades. This allows Amex to offer brokerage services while integrating with existing American Express products.
When you open a brokerage account with America Express, you can invest in a full suite of products, including stocks, ETFs, mutual funds, bonds, and more. Your account can be funded using an American Express card.
Among the many benefits of using the Amex brokerage is the convenience of investing in the stock market using your existing American Express card. Cardholders also earn reward points on brokerage deposits making the brokerage a good choice for existing Amex customers.
Quick answers to key questionsCopy link to section
What is an American Express stock broker?Copy link to section
A trading platform where you can buy and sell stocks and which accepts American Express as a means of funding your trading account.
Stock trading apps that accept American Express deposits act as middlemen to complete stock trades, often charging a small fee for carrying out your orders.
Can you buy stocks with American Express?Copy link to section
Yes, by using American Express to fund a trading account with online brokers.
To be clear, you can’t buy stocks on American Express unless you register with the Amex brokerage itself. However, you can use it to deposit with some online brokers. All these recommended trading platforms accept American Express deposits.
How much does it cost to fund a trading account with American Express?Copy link to section
It costs up to 2% of the deposit amount. Trading platforms normally offer free deposits, but American Express deposits incur a small charge.
Is it safe to buy stocks with American Express?Copy link to section
Yes, it is safe, as long as you use a regulated online broker. We only recommend regulated stock brokers that accept Amex, which are forced by law to keep your money secure and abide by various financial disclosure and transparency requirements.
If you aren’t sure about a platform, search for its company registration number with your local regulator. This way, you can find out if the American Express brokerage is regulated by a reliable financial authority or not.
Do I need to provide ID when I buy shares using American Express?Copy link to section
Yes, if you’re using a regulated online broker. Online stock brokers follow KYC (Know Your Customer) guidelines, so you will have to provide a form of valid photo ID when you set up a trading account.
Valid ID includes your passport or driving licence, so always have at least one of those to hand when you create an account.
Pros and cons of buying stocks with American ExpressCopy link to section
When deciding if you should invest with Amex, consider these benefits and drawbacks:
ProsCopy link to section
- Familiarity. You get to buy stocks using a payment method that you use all the time, meaning you’re used to the process and there won’t be any unexpected surprises.
- Security. Your stock trades are backed by American Express’ security and Know Your Customer protocols, offering enhanced security features.
What to look for when investing with American Express brokersCopy link to section
Once you’ve ensured that the stock broker you’re considering accepts Amex as a payment method, the next step is to look for markers of superior service. Here are some important qualities to look for to make sure you’re getting a good deal.
- Low transaction fees. Even though most online brokers won’t charge too much per trade, a difference of a few pounds between one trading platform and another can add up over time. If you find two brokers that offer similar levels of customer service and other strengths, choose the one that offers lower fees.
- Speed. Look for a platform that will execute your stock purchases quickly and efficiently.
- Ease of use. The best brokers make the process of buying stocks online with American Express easy.
- A strong reputation. Strong user reviews and a respected track record within its industry can set a broker apart from the competition.
- Great customer service. The stock broker you choose should offer fast and helpful customer service; in some cases that can even be on a 24/7 basis.
Should I use an American Express stock broker?Copy link to section
Yes, if you already use an Amex card regularly, then using an American Express stock broker could be a good option. Using an Amex card provides lots of benefits to cardholders, including reward points, purchase protection, and insurance. However, many stock brokers do not accept American express deposits, so better options may be available.
FAQsCopy link to section
No, you can’t deposit via an American Express card with eToro. Only cards issued by Visa, Mastercard, and Maestro are accepted.
American Express does indeed offer buyer protection in the form of chargebacks. If you feel that something has gone wrong in your transaction, you have the right to request a reversal of your purchase. Just note that some stock brokers may not be thrilled that you’re applying for a chargeback, and the process of reversing the transaction and getting your money back can in some cases be long and difficult.
Assuming the stock broker you’ve selected accepts American Express as a payment method, there should be no limit to the variety of different stocks that you can buy with Amex.
There is no limit to the number of stocks you can buy with American Express. The only real limit you could face is the one set by how much money you’ve put into your trading account.
Usually, yes, but you should be careful before you do so. Trading with leverage entails putting down just a fraction of the capital required to make a trade, with your broker putting down the rest.
The upside of this strategy is you’ll make a bigger profit if you guess right. But if you’re wrong, the size of your loss also swells, and could severely hurt your bankroll if you trade too heavily with leverage.
Yes, there are two options to buying stocks with your Amex card. You can use your American Express card to invest in stocks through the Amex Financial Advisors brokerage. Alternatively, you can use the best Amex stockbrokers to transfer funds to your trading account via your American Express card.
Yes, you can add funds to your Fidelity account using an American Express card to buy stocks and ETFs.
Robinhood does not accept American Express cards as a payment method. Robinhood accounts can only be funded via a bank transfer or debit card.
Charles Schwab does accept American Express cards as a funding source for brokerage accounts.
With Etrade, you can use your Amex card to add funds to your account and buy stocks.
No, Capital.com does not accept Amex as a payment method. As it is a European brokerage, it only accepts payment methods that are popular in the European region, such as debit cards, bank transfer, or e-wallets like Skrill.
No, Plus500 does not allow customers to fund accounts and trade stocks using American Express cards.
eToro does not directly accept American Express cards for funding brokerage accounts. However, eToro does allow funding with Skrill e-wallet. Amex cardholders could fund a Skrill account using their Amex, then transfer the funds from Skrill to eToro to indirectly use their American Express card.
Most mainstream European brokers do not directly accept American Express cards for account funding. However, some potential options include Saxo Bank and Swissquote, which offer accounts to global clients. Interactive Brokers is another choice for European residents able to open an account.
While major UK brokers don’t directly accept Amex, there are a couple of options for Amex cardholders wanting to buy UK stocks. Saxo Bank offers access to LSE-listed stocks and accepts American Express funding. Interactive Brokers also provides access to UK markets while taking American Express cards.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >