How to buy stocks with Payoneer stock brokers in 2023

Find a stock broker that accepts Payoneer. Learn how to buy stocks using a Payoneer broker with our step-by-step guide.
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Updated: Aug 17, 2023
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Trade your favourite markets with our top-rated broker, eToro.

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77% of retail CFD accounts lose money.

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What you’ll learn

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  • How to find a stock broker that accepts Payoneer, charges low fees, and keeps your money secure
  • How to buy stocks with Payoneer for the first time
  • The pros and cons of buying stocks with Payoneer

Where to buy stocks with Payoneer

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The best stock broker that accepts Payoneer is 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.

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
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

2
Min. Deposit
$ 100
Best offer
User Score
9.8
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:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC

How to fund your Payoneer broker account

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It takes 10-15 minutes to set up a trading account with a broker that accepts Payoneer. Follow this guide to learn how to invest with Payoneer.

Step 1. Sign up with eToro

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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.

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
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

77% of retail CFD accounts lose money.

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 Payoneer brokerage is different.

Step 3. Choose Payoneer 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 Payoneer.

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 Payoneer deposits. 

Double check the details and then make the deposit. You may have to confirm the transaction with Payoneer 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.

Find broker & start trading

Quick answers to key questions

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What is a Payoneer stock broker?

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A trading platform where you can buy and sell stocks and which accepts Payoneer as a means of funding your trading account. 

Stock trading apps that accept Payoneer act as middlemen to complete stock trades, often charging a small fee for carrying out your orders.

Can you buy stocks with Payoneer?

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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?

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It’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 Payoneer.

Is it safe to buy stocks with Payoneer?

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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?

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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. 

Pros and cons of buying stocks with Payoneer

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

Pros

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  • 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.

Cons

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What to look for when investing with Payoneer brokers

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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.
Find broker & sign up

FAQs

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Does eToro accept Payoneer?
What is Payoneer?
What are stocks?
What’s the difference between stocks and shares?
What other payment methods can I use when buying stocks?
How do I pick stocks?
What stocks can I buy with Payoneer?
Are there limits to how many stocks I can buy with Payoneer?
How can I keep up with the stock market?
What’s the best way for a beginner to learn about online trading?
What’s the biggest factor to watch out for when trading stocks?
How much should I venture on online trading as a beginner investor?
What’s another tip that beginner investors should follow?
Can I bet on a stock to go down in price too?
Will a Payoneer stock broker let me trade with leverage?
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.