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How to buy stocks with Paysafecard stock brokers in 2023
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82% of retail CFD accounts lose money.
What you’ll learnCopy link to section
- How to find a stock broker that accepts Paysafecard, charges low fees, and keeps your money secure
- How to buy stocks with Paysafecard for the first time
- The pros and cons of buying stocks with Paysafecard
Where to buy stocks with PaysafecardCopy link to section
Here are three more stock trading platforms where you can buy stocks with Paysafecard, ranked according to their trading fees, security features, and platform reliability.
77% of retail CFD accounts lose money.
How to fund your Paysafecard broker accountCopy link to section
It takes 10-15 minutes to set up a trading account with a broker that accepts Paysafecard. Follow this guide to learn how to invest with Paysafecard.
Step 1. Sign up with eToroCopy link to section
eToro is the best stock broker that accepts Paysafecard 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.
77% of retail CFD accounts lose money.
Step 2. Go to the deposits or payments page on your trading appCopy link to section
You will find this in the main menu or site navigation tab. It may be labelled ‘bank’ or ‘account’, each Paysafecard brokerage is different.
Step 3. Choose Paysafecard from the list of optionsCopy link to section
Choose your payment method from the drop down menu. There may be a lot of options, so scroll down until you find Paysafecard.
Step 4. Enter the amount of money you want to deposit and confirmCopy link to section
Decide how much you want to deposit and type that amount into the box. Bear in mind that there may be a fee for Paysafecard deposits.
Double check the details and then make the deposit. You may have to confirm the transaction with Paysafecard before it goes through.
Step 5. Search for your favourite stock and place an orderCopy link to section
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.
Quick answers to key questionsCopy link to section
What is a Paysafecard stock broker?Copy link to section
A trading platform where you can buy and sell stocks and which accepts Paysafecard as a means of funding your trading account.
Stock trading apps that accept Paysafecard act as middlemen to complete stock trades, often charging a small fee for carrying out your orders.
Can you buy stocks with Paysafecard?Copy link to section
Yes, by using Paysafecard to fund a trading account with a stock broker.
To be clear, you can’t buy stocks on Paysafecard. However, you can use it to make a deposit on a trading platform. All these recommended trading platforms accept Paysafecard deposits.
How much does it cost to fund a trading account with Paysafecard?Copy link to section
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 Paysafecard.
Is it safe to buy stocks with Paysafecard?Copy link to section
Yes, it is safe, as long as you use a regulated broker. We only recommend regulated stock brokers that accept Paysafecard, 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 Paysafecard brokerage is regulated by a reliable financial authority or not.
Do I need to provide ID when I buy shares using Paysafecard?Copy link to section
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 PaysafecardCopy link to section
When deciding if you should invest with Paysafecard, consider these benefits and drawbacks:
ProsCopy link to section
- Anonymous. Paysafecard does not require you to link to a bank account, credit card, or any other financial medium that leaves a digital trail. If the broker you select offers the same level of anonymity, that’s a big plus for privacy-minded investors.
- Easy to buy. You can get a Paysafecard at hundreds of thousands of bars and markets around the world.
- Fast. You can fund your stock account within minutes, allowing you to begin trading stocks whenever you’re ready.
What to look for when investing with Paysafecard brokersCopy link to section
You don’t just want to find a service that supports Paysafecard payments, but also a broker that offers a great service. Here are a few factors to consider:
- Speed. Paysafecard stockbrokers should allow you to complete your trades within minutes. The stock market moves fast and you want to be able to react immediately as it fluctuates.
- Ease of use. The best brokers are intuitive and easy to use. Your time should be spent analysing stocks and making trades, not figuring out how your chosen trading platform works.
- Great customer service. The broker you choose should offer fast, helpful, responsive, no-hassle customer service.
- Low transaction fees. Most stockbrokers won’t charge much per trade – but a difference of just a few pounds between one broker and another can add up. This is especially true if you plan on making regular trades. Look for brokers that charge the lowest transaction fees so you don’t lose money unnecessarily.
- A strong reputation. Strong reviews and a solid track record can reassure you that the trading platform you’ve chosen is effective and reliable. Ideally, look for a service that has been around for a few years.
FAQsCopy link to section
Yes, if you register and order a prepaid card. eToro accepts deposits via cards issued by Visa, Mastercard, or Maestro.
It is not possible to make a deposit if you aren’t registered with Paysafecard.
Paysafecard is a prepaid online payment method based on a 16-digit PIN code that doesn’t require you to link to a debit card or credit card.
A stock includes all the shares of a corporation 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. The simplest way to make money when trading a stock is to sell your shares at a higher price than the price at which you bought those shares.
Put simply, stocks are made up of shares. A company’s stock is all the shares of that company that are publicly traded – with the number of shares you have being representative of the amount of that company you own. If you want to own £1,000 worth of a stock that’s trading at £50 a share, you’ll need to get 20 shares.
Aside from Paysafecard, here are some other payment methods you can use:
- Bank transfers
- Credit card
- Debit card
- Apple Pay
- Google Pay
- Digital wallets
Start right here on this site. Our investor education 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). By understanding how to assess a stock’s value, you’ll become a more skilled trader and be able to spot better opportunities.
This depends on the broker you choose. There are no restrictions as to which stocks can be purchased with your Paysafecard, but not every stock will be traded by every broker.
There is no limit to the number of stocks you can buy with Paysafecard, as long as you have enough money to complete the trades. The only limit is based on how much money you have available in your trading account, the per-share price of the stocks you want, and how many shares of each stock you intend to hold.
Start right here, on this site. Invezz offers in-depth news and analysis of the stock market, updated every day so you can keep on top of the news and factor it into your trading decisions.
In this case, the expression “practice makes perfect” applies: start your stock trading journey by making practice trades. Some online stock brokers offer the ability to trade stocks in real time with a demo account, so you can learn the ropes without venturing any actual money. Using these accounts is a great way to learn the ropes without risking your money.
The state of the stock market as a whole. 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.
Keep the size of your first few trades small at first. By investing a small amount of money as a beginner, you won’t lose too much money if you make mistakes. You can increase the size of your trades as you gain experience and expertise.
The best thing to bear in mind is to limit the size of your losses. Some investment strategies recommend selling a stock if it falls just 10% (or even less) from your purchase price. Whatever your loss limit is, limiting the size of your losses will help you preserve capital for future trades.
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.” This is a more advanced stock trading technique, so consider waiting until you’ve gained more experience trading stocks online.
Many brokers will let you trade with leverage, but you should be careful about doing so. 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. But if you guess wrong, the size of your loss will be much bigger than if you suffer a loss while not trading with leverage.
Wait until you’ve found success trading stocks before you take on the more aggressive approach of trading with leverage. We do not recommend that any beginner uses leverage when making stock trades.
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 >