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.
Updated:
Aug 17, 2023
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Trade your favourite markets with our top-rated broker, eToro.
Here are three more stock trading platforms where you can buy stocks with Payoneer, ranked according to their trading fees, security features, and platform reliability.
Most Popular
1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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
-
Best offer
User Score
9.7
Diverse Stock Selection: Interactive Brokers offers a wide range of domestic and international stocks, providing investors with a diverse array of options for their portfolios.
Advanced Trading Tools: Investors benefit from real-time market data and advanced tools, empowering them to make informed decisions and execute trades with precision in the dynamic stock market.
Easy Portfolio Management: Interactive Brokers makes it simple to handle your investments by allowing you to easily switch between stocks and other assets on one platform, streamlining the way you manage your overall portfolio.
eToro is the best stock broker that accepts Payoneer 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.
Most Popular
1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
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.
Yes, by using Payoneer to fund a trading account with a stock broker.
To be clear, you can’t buy stocks on Payoneer. However, you can use it to make a deposit on a trading platform. All these recommended trading platforms accept Payoneer deposits.
How much does it cost to fund a trading account with Payoneer?
Yes, it is safe, as long as you use a regulated broker. We only recommend regulated stock brokers that accept Payoneer, 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 Payoneer brokerage is regulated by a reliable financial authority or not.
Do I need to provide ID when I buy shares using Payoneer?
Yes, 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.
Easy to use. Payoneer is a fast, easy, and convenient way to make purchases, making it a good choice for trading stocks.
Fast. You can fund your broker account within minutes using Payoneer, allowing you to begin trading stocks whenever you’re ready.
Widely used. Payoneer provides cross-border transactions in 200 countries and territories, with a total of 4 million current customers. That impressive reach makes Payoneer a popular choice when paying for services such as online brokers.
Not yet universally accepted as a method for stock purchases. Despite its widespread use, Payoneer is still not as widely accepted for stock trading as, for instance, bank transfers are.
Different target customers. Payoneer’s specialty is enabling cross-border business-to-business transactions, with its biggest clients being companies like AirBnB, Amazon, Rakuten, Google, and Upwork. So while other payment service providers may work to improve their transaction platforms for individuals to make purchases, that’s not Payoneer’s primary area of focus.
What to look for when investing with Payoneer brokers
If the stock broker you’re considering accepts Payoneer as a payment method, you then need to ensure the platform offers a good level of service. Here are some important qualities to look for when selecting a broker:
Speed. Your chosen broker should enable you to purchase stocks online using Payoneer in no more than a few minutes.
Ease of use. The best stockbrokers make the process of investing in stocks online extremely easy. Don’t settle for a service you find complicated to navigate as this will impact your trading capabilities.
Great customer service. You want to ensure the platform you use offers great customer service, just in case something goes wrong.
Low transaction fees. Most brokers won’t charge much per trade, but the costs can add up over time. Even a small charge per trade can turn into a hefty fee if you’re making regular trades on the platform. Look for brokers that charge low fees so you can keep more of your money.
A strong reputation. To ensure the broker you’re using can be trusted, check out its user reviews. The well-known trading platforms will have been around for a few years and have a strong track record of positive reviews.
No, you can’t make a deposit with Payoneer on eToro.
What is Payoneer?
Payoneer is an online money transfer service used to buy goods and services of all kinds, all over the world. Its primary target market is business-to-business customers, but it can also be used to pay for goods and services.
What are stocks?
A stock is made up of many individual shares. Briefly put, a company’s stock consists of all its shares that are traded on a public stock exchange. By owning shares of a stock, you own a small piece of the company in which you’re investing, and you can make a profit if the shares increase in price and you sell them on to other investors.
What’s the difference between stocks and shares?
Stocks refer to a small piece of ownership of a company. Shares refer to the amount of a certain stock that you own. Imagine a stock is trading at £50 a share and you want to own £500 of it – you would acquire 10 shares of that stock.
What other payment methods can I use when buying stocks?
Aside from Payoneer, here are some other payment methods you can use for stock investing. Each broker will accept different payment methods, but it’s common to find:
Credit card
Debit card
Bank transfers
Apple Pay
Google Pay
Digital wallets
How do I pick stocks?
Start your research right here on this site. Our educational guides will help you better understand a company’s earnings and revenue growth (fundamental analysis) and the relative strength of its stock chart (technical analysis). Fundamental analysis can help you determine if a stock is likely to rise in price over time, and technical analysis enables you to read price charts and make money by trading shares quickly as the market fluctuates.
What stocks can I buy with Payoneer?
If the stockbroker you pick accepts Payoneer as a method of payment, then you will have access to any stock supported by your chosen platform. Not every broker will offer every stock, however, so check out the platform’s offering before signing up.
Are there limits to how many stocks I can buy with Payoneer?
Typically the only limit is the amount of money you have in your account. Some brokers will put deposit limits in place, but these are typically in the £10,000s and don’t impact most investors.
How can I keep up with the stock market?
Start right here, at Invezz. We offer in-depth news and analysis of the stock market, updated every day so you can keep on top of all the latest financial developments.
What’s the best way for a beginner to learn about online trading?
If you’re a beginner, making practice trades can be a smart way to start trading stocks online. Some online stock brokers offer the ability to trade stocks in real time on a practice basis, without venturing any actual money. They do this by offering demo accounts, and every beginner should start out using one of these. This is because they allow you to learn all about online stock trading, without the risk of losses.
What’s the biggest factor to watch out for when trading stocks?
The state of the stock market plays a major role in how individual stocks behave. In an uptrend (“bull market”), most stocks go up. In a downtrend (“bear market”), most stocks go down. Follow the market’s overall trend to increase your chance of success.
How much should I venture on online trading as a beginner investor?
Keep the size of your first few trades small. You’re just learning the ropes and don’t want to risk large amounts until you know what you’re doing: all investors make mistakes, and beginners tend to make more mistakes. By investing a small amount of money at first, you lower your risk, and you can increase the size of your trades as you gain experience and expertise.
What’s another tip that beginner investors should follow?
Limit the size of your losses. Some investment strategies recommend selling a stock if it falls just 10% (or less) from your purchase price. Whatever your loss limit is, limiting the size of your losses will help you preserve capital for future trades.
Can I bet on a stock to go down in price too?
Yes, you can bet on a stock to go down in price. Betting on a stock to go down is called selling a stock short, or “shorting.” Shorting can be challenging and confusing for beginner investors, so consider waiting until you’ve gained more experience trading stocks online.
Will a Payoneer stock broker let me trade with leverage?
Many Payoneer stock brokers let you trade with leverage. Trading with leverage means putting down a fraction of the capital required to make a trade, with your broker putting up the rest. If you guess right, you’ll earn a bigger profit than you would if you only put up your own money. The problem is that if you guess wrong, the size of your loss will be much bigger than if you suffer a loss while not trading with leverage.
We recommend waiting until you’ve found success trading stocks before you take on the more aggressive approach of trading with leverage, as the practice comes with massively increased levels of risk.
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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 >
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.
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