How to buy stocks with American Express stock brokers in 2024

Find a stock broker that accepts American Express. Learn how to buy stocks using an American Express broker with our step-by-step guide.
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Updated: May 10, 2024
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What you’ll learn

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  • 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 Express

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The best stock broker that accepts American Express is TastyTrade .

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.

Sort by:

1
Min. Deposit
$ 0
Best offer
User Score
9.9
TastyTrade allows you to buy and sell U.S. stocks without paying any commission fees.
Whether you’re a short-term trader or a long-term investor, TastyTrade accommodates various investment horizons.
Explore over 8,000 U.S. stocks and consider exchange-traded funds (ETFs) for broader exposure to the market.
Start Trading
Payment Methods:
Wire Transfer, Check, ACH
Full Regulations:
2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3
Min. Deposit
$ 0
Best offer
User Score
9.9
Allows commission-free trading of individual stocks and over 2,000 ETFs.
TradeStation’s platform supports options, futures, and futures options trading.
Traders benefit from award-winning software with advanced analysis capabilities and customization options.
Start Trading
Payment Methods:
Wire Transfer, Check, ACH
Full Regulations:

How to fund your American Express broker account

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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 TastyTrade

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TastyTrade 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.

1
Min. Deposit
$ 0
Best offer
User Score
9.9
TastyTrade allows you to buy and sell U.S. stocks without paying any commission fees.
Whether you’re a short-term trader or a long-term investor, TastyTrade accommodates various investment horizons.
Explore over 8,000 U.S. stocks and consider exchange-traded funds (ETFs) for broader exposure to the market.
Start Trading
Payment Methods:
Wire Transfer, Check, ACH
Full Regulations:

Step 2. Go to the deposits or payments page on your trading app

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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 options

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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 confirm

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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 order

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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?

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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?

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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. 

Find broker & start trading

Quick answers to key questions

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What is an American Express stock broker?

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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?

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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?

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It costs up to 2% of the deposit amount. Trading platforms normally offer free deposits, but American Express deposits incur a small charge. Each broker may charge different fees, here’s a look at the top 3 stock trading platforms:

Asset TastyTrade fees Plus500 fees TradeStation fees
View more > TastyTrade > Plus500 > TradeStation >

Is it safe to buy stocks with American Express?

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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?

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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 Express

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When deciding if you should invest with Amex, consider these benefits and drawbacks:

Pros

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  • 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.

Cons

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What to look for when investing with American Express brokers

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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?

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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. 

Find broker & sign up

FAQs

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Does eToro accept American Express?
Can I use chargebacks if something goes wrong?
What stocks can I buy with American Express?
Are there limits to how many stocks I can buy with American Express?
Will an American Express stock broker let me trade with leverage?
Can I use my American Express card to buy stocks?
Does Fidelity accept American Express?
Can I buy stocks with American Express on Robinhood?
Does Charles Schwab take American Express?
Can I use my Amex to purchase stocks on Etrade?
Can I use American Express to buy stocks on Capital.com?
Does Plus500 accept Amex for stock trading?
Can I use my American Express card with eToro?
What European stock brokers take American Express?
Can I buy UK stocks with Amex?
OK, I’m ready to choose a broker


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.