Buy Stocks with Apple Pay Brokers in 2024
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With Apple Pay and retail trading both on the rise, more and more users are looking for ways to invest in stocks using Apple Pay.
We understand that you wish to make investing in stocks as simple and seamless as possible by using your preferred method of payment. That’s why we have rated and reviewed the best stock brokers that accept Apple Pay. Our goal is to help you find a safe, convenient, and cost-effective way to invest, your way.
Read on as we guide you through using Apple Pay brokers and tackle the most common questions new investors have.
Where to buy stocks with Apple Pay
Copy link to sectionAccording to our research, the best stock broker that accepts Apple Pay is Plus500 .
Here are more stock trading platforms where you can buy and sell stocks after funding your account with Apple Pay, ranked according to their trading fees, security features, and platform reliability.
We found 2 online brokers for users based in
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.
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How to fund your Apple Pay stock broker account
Copy link to sectionIt takes 10-15 minutes to set up a trading account with a broker that uses Apple Pay, then another half an hour or so to fund it so that it’s ready to use. Follow this guide to learn how to invest using Apple Pay.
Step 1. Sign up with Plus500
Copy link to sectionPlus500 is the best stock broker that accepts Apple Pay 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 form photo ID for verification.
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.
Step 2. Go to the deposits or payments page on your trading app
Copy link to sectionYou will find this in the main menu or site navigation tab. It may be labelled ‘bank’ or ‘account’, each Apple Pay brokerage is different.
Step 3. Choose Apple Pay from the list of options
Copy link to sectionChoose your payment method from the drop down menu. There may be a lot of options, so scroll down until you find Apple Pay.
Step 4. Enter the amount of money you want to deposit and confirm
Copy link to sectionDecide how much you want to deposit and type that amount into the box. Bear in mind that there may be an additional fee for Apple Pay deposits (though this is rare).
Double check the details and then make the deposit. You may have to confirm the transaction with Apple Pay before it goes through.
Step 5. Search for your favourite stock and place an order
Copy link to sectionEach 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.
Quick answers to key questions
Copy link to sectionCan you buy stocks with Apple Pay?
Copy link to sectionYes, many trading platforms allow you to buy stocks using Apple Pay. This payment option provides a convenient way to manage your funds and invest in the stock market without the hassle of traditional banking methods.
To be clear, you can’t buy stocks on Apple Pay. However, you can use it to make a deposit on a stock broker. All our recommended trading platforms accept Apple Pay deposits.
What is a Apple Pay stock broker?
Copy link to sectionA Apple Pay trading platform is an online service that allows you to trade stocks and other securities using Apple Pay to fund your account. It combines the power of online trading with the ease of Apple Pay transactions, making it easier for investors to manage their portfolios.
How much does it cost to purchase stocks online with Apple Pay?
Copy link to sectionThe cost of buying stocks online with Apple Pay can vary. Some platforms charge a small fee for transactions, while others offer free trades (but may charge you in other ways). Here’s a breakdown of the trading fees across the top stock trading apps accepting Apple Pay.
| Asset | Plus500 fees | eToro fees |
|---|---|---|
| Cryptocurrencies | From 2% | 1% |
| Commodities | From 0.04% | From 2 pips |
| Currencies | From 0.8% | From 1 pip |
| Indices | From 0.7% | From 0.75 pts |
| Stocks | From 0.08% | 0% commission |
| View more > | Plus500 > | eToro > |
Depending on which broker you choose, there might be additional fees on top of the transaction costs. Some platforms charge for deposits or withdrawals (usually the latter) when you use Apple Pay, and others may charge you inactivity fees if you don’t use your account for a certain amount of time.
Here’s a look at the different costs among the best Apple Pay brokers.
| Fee | Plus500 fees | eToro fees |
|---|---|---|
| Trading fees | No | Yes, on certain assets |
| Inactivity fees | Yes | Yes |
| Rollover/overnight fees | Yes | Yes, on CFDs |
| Withdrawal fees | No | Yes |
| Spreads | Yes | Yes, on certain assets |
| Conversion fees | Yes | Yes, for non-USD currencies |
| View more > | Plus500 > | eToro > |
Is it safe to buy stocks using Apple Pay?
Copy link to sectionYes, it is safe, as long as you use a regulated broker. We only recommend regulated stock brokers accepting Apple Pay, which are forced by law to keep your money secure and abide by various financial disclosure and transparency requirements.
Brokers that accept Apple Pay in the US must be registered with FINRA, a self-regulatory organization that ensures all stock brokers operate within the law. You can check whether your broker is registered simply by searching its name using BrokerCheck.
In addition to these protections, Apple Pay offers various forms of protection as well, such as 2-Factor Authentication, as well as anti-fraud protections that flag up suspicious transactions.
Do I need to provide an ID when I invest using Apple Pay?
Copy link to sectionYes, most online brokers require you to verify your identity to comply with legal and regulatory requirements. This step helps prevent fraud and ensures that all trading activities are legitimate and secure.
In practice, this means you have to provide a form of valid photo ID when you set up a trading account. Valid ID includes your passport or driving license, so always have at least one of those to hand when you create an account.
What is the minimum deposit with a Apple Pay broker?
Copy link to sectionMany brokers allow you to get started with as little as $10, although the amount varies. Some platforms might ask for $50 or $100 when you open an account. It’s important to choose a platform that aligns with your investment budget and goals.
Pros and cons of buying stocks with Apple Pay
Copy link to sectionBuying stocks with Apple Pay is as quick and efficient as using any other deposit method. Using Apple Pay offers an extra layer of protection, although there’s still the risk of losing money, of course.
Here’s a quick summary of the pros and cons of using Apple Pay to buy stocks.
Pros
Copy link to section- Easily make payments in the same way you make purchases in everyday life and trade with just a few clicks.
- Benefit from Apple Pay’s robust security features, including encryption and fraud protection.
- Apple Pay‘s fast transactions mean you can seize market opportunities without delay.
Cons
Copy link to sectionWhat to look for when investing with Apple Pay brokers
Copy link to sectionHere are some important qualities to look for when comparing different stock trading apps that accept Apple Pay. You want to ensure that your Apple Pay brokerage provides a great service. Look for a trading platform with:
- Low transaction fees. Most brokers won’t charge much per trade, but the differences between each platform can be important, as they add up over time. This is especially true if you’re making trades regularly. For this reason, make sure you’re choosing a broker that offers competitive fees.
- Tier 1 regulatory protection. Ensure the broker is regulated by a recognized financial authority and can operate where you live. The FINRA register is one way to do this, but each country has its own version and a platform that’s regulated in the US, UK, or in places like Japan or the EU is typically one you can trust. This guarantees that the platform follows strict rules and protects your investments.
- Great customer service. The broker you choose should offer fast, helpful, responsive customer service. If you can find a reputable platform that offers helpful customer service around the clock, even better.
- Speed. In order to take advantage of market fluctuations, you should look for a broker that will execute your stock purchases quickly and efficiently. Ideally, you should be able to purchase stocks online using Apple Pay in no more than a few minutes.
- Ease of use. The best platforms make trading simple and straightforward, so you can focus on making decisions on which stocks to trade rather than figuring out how to use the platform.
- A strong reputation. You want to make sure you’re using a platform you can trust, so check it’s been operational for a while and has a history of good user reviews.
FAQs
Copy link to sectionDoes eToro accept Apple Pay?
What stocks can I buy with Apple Pay?
Are there limits to how many stocks I can buy with Apple Pay?
Will an Apple Pay stock broker let me trade with leverage?
More stock payment methods
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