Buy Stocks with Paysafecard Brokers in 2024

By:

James Knight

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 8, 2024

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With Paysafecard and retail trading both on the rise, more and more users are looking for ways to invest in stocks using Paysafecard.

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 Paysafecard. 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 Paysafecard brokers and tackle the most common questions new investors have.

Where to buy stocks with Paysafecard

According to our research, the best stock broker that accepts Paysafecard is Start Trading .

Here are more stock trading platforms where you can buy and sell stocks after funding your account with Paysafecard, ranked according to their trading fees, security features, and platform reliability.

How to fund your Paysafecard stock broker account

It takes 10-15 minutes to set up a trading account with a broker that uses Paysafecard, 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 Paysafecard.

Quick answers to key questions

Can you buy stocks with Paysafecard?

Yes, many trading platforms allow you to buy stocks using Paysafecard. 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 Paysafecard. However, you can use it to make a deposit on a stock broker. All our recommended trading platforms accept Paysafecard deposits. 

What is a Paysafecard stock broker?

A Paysafecard trading platform is an online service that allows you to trade stocks and other securities using Paysafecard to fund your account. It combines the power of online trading with the ease of Paysafecard transactions, making it easier for investors to manage their portfolios.

How much does it cost to purchase stocks online with Paysafecard?

The cost of buying stocks online with Paysafecard 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 Paysafecard.

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 Paysafecard, 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 Paysafecard brokers.

Is it safe to buy stocks using Paysafecard?

Yes, it is safe, as long as you use a regulated broker. We only recommend regulated stock brokers accepting Paysafecard, which are forced by law to keep your money secure and abide by various financial disclosure and transparency requirements.

Brokers that accept Paysafecard 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, Paysafecard 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 Paysafecard?

Yes, 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 Paysafecard broker?

Many 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 Paysafecard

Buying stocks with Paysafecard is as quick and efficient as using any other deposit method. Using Paysafecard 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 Paysafecard to buy stocks.

What to look for when investing with Paysafecard brokers

Here are some important qualities to look for when comparing different stock trading apps that accept Paysafecard. You want to ensure that your Paysafecard 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 Paysafecard 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.

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