How to buy stocks with SOFORT stock brokers in 2024

Find a stock broker that accepts SOFORT. Learn how to buy stocks using a SOFORT broker with our step-by-step guide.
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Updated: Sep 18, 2023
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What you’ll learn

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

Where to buy stocks with SOFORT

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The best stock broker that accepts SOFORT is Start Trading .

Here are three more stock trading platforms where you can buy stocks with SOFORT, ranked according to their trading fees, security features, and platform reliability.

How to fund your SOFORT broker account

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

Step 1. Sign up with Start Trading

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Start Trading is the best stock broker that accepts SOFORT 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.

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 SOFORT brokerage is different.

Step 3. Choose SOFORT 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 SOFORT.

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 SOFORT deposits. 

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

Buy stocks with SOFORT

Quick answers to key questions

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What is a SOFORT stock broker?

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

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

Can you buy stocks with SOFORT?

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Yes, by using SOFORT to fund a trading account with a stock broker. 

To be clear, you can’t buy stocks on SOFORT. However, you can use it to make a deposit on a trading platform. All these recommended trading platforms accept SOFORT deposits. 

How much does it cost to fund a trading account with SOFORT?

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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 SOFORT.

Is it safe to buy stocks with SOFORT?

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Yes, it is safe, as long as you use a regulated broker. We only recommend regulated stock brokers that accept SOFORT, 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 SOFORT brokerage is regulated by a reliable financial authority or not.

Do I need to provide ID when I buy shares using SOFORT?

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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 SOFORT

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

Pros

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  • Fast settlement with near instant availability of deposited funds for trading.
  • Low cost way to fund Euro accounts compared to wire fees or FX charges.
  • Strong security protocols and encryption helps protect payments.
  • Seamless checkout integration creates smooth user funding experience.

Cons

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What to look for when investing with SOFORT brokers

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Here are some important qualities to look for when comparing different stock trading apps that accept SOFORT. You want to ensure that your SOFORT 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.
  • 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 trading platform that will execute your stock purchases quickly and efficiently. Ideally, you should be able to purchase stocks online using SOFORT 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.
Register with a SOFORT stockbroker

FAQs

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What is SOFORT ?
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Does eToro accept SOFORT ?
Can I use SOFORT to buy stocks?


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Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.