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How to buy stocks with Apple Pay stock brokers in 2024
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What you’ll learn
Copy link to section- How to find a stock broker that accepts Apple Pay, charges low fees, and keeps your money secure
- How to buy stocks with Apple Pay for the first time
- The pros and cons of buying stocks with Apple Pay
Where to buy stocks with Apple Pay
Copy link to sectionThe best stock broker that accepts Apple Pay is Plus500 .
Here are three more stock trading platforms where you can buy stocks with Apple Pay, ranked according to their trading fees, security features, and platform reliability.
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.
How to fund your Apple Pay broker account
Copy link to sectionIt takes 10-15 minutes to set up a trading account with a broker that accepts Apple Pay. Follow this guide to learn how to invest with 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 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 a fee for Apple Pay deposits.
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 sectionWhat is an Apple Pay stock broker?
Copy link to sectionA trading platform where you can buy and sell stocks and which accepts Apple Pay as a means of funding your trading account.
Stock trading apps that accept Apple Pay act as middlemen to complete stock trades, often charging a small fee for carrying out your orders.
Can you buy stocks with Apple Pay?
Copy link to sectionYes, by using Apple Pay to fund a trading account with a stock broker.
To be clear, you can’t buy stocks on Apple Pay. However, you can use it to make a deposit on a trading platform. All these recommended trading platforms accept Apple Pay deposits.
How much does it cost to fund a trading account with Apple Pay?
Copy link to sectionIt’s free. Many trading platforms offer free deposits for all popular payment methods.
However, you may have to pay a flat fee when you withdraw money to Apple Pay.
Is it safe to buy stocks with Apple Pay?
Copy link to sectionYes, it is safe, as long as you use a regulated broker. We only recommend regulated stock brokers that accept Apple Pay, 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 Apple Pay brokerage is regulated by a reliable financial authority or not.
Do I need to provide ID when I buy shares using Apple Pay?
Copy link to sectionYes, if you’re using a regulated 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 Apple Pay
Copy link to sectionWhen deciding if you should invest with Apple Pay, consider these benefits and drawbacks:
Pros
Copy link to section- Convenient. If you already use Apple Pay for everyday purchases, it’s an easy transition to start using it to trade stocks online.
- Security. Apple Pay already offers robust security features, so you can feel confident that the service’s high level of security will carry over to your online stock trades.
- Fast Deposits. You can fund your stock broker account quickly using Apple Pay, allowing you to begin trading stocks whenever you’re ready.
Cons
Copy link to sectionWhat to look for when investing with Apple Pay brokers
Copy link to sectionIf the stock broker you’re considering accepts Apple Pay as a payment method, you next want to ensure that it offers a quality service. Here are some important qualities to look for:
- Low transaction fees. Though most brokers won’t charge too much per trade, a difference of a few pounds between one broker and another can add up over time – especially if you’re a frequent trader. Favour brokers that charge the lowest fees and commissions so you can make the most trades possible.
- Speed. Look for a stock broker that will execute your stock purchases quickly and efficiently so you can capitalise on market fluctuations.
- Ease of use. The best brokers make the process of buying stocks quick and easy. Don’t waste time with overly complicated platforms.
- A strong reputation. Strong user reviews and a respected track record within its industry can help set your broker apart from the competition.
- Great customer service. The trading platform you choose should offer fast and helpful customer service. If you find a broker that offers customer service on a 24/7 basis, that’s even better.
FAQs
Copy link to sectionMore stock payment methods
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 >
