How to buy stocks with Venmo stock brokers in 2024

Find a stock broker that accepts Venmo. Learn how to buy stocks using a Venmo broker with our step-by-step guide.
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Updated: Aug 17, 2023
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What you’ll learn

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

Where to buy stocks with Venmo

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The best stock broker that accepts Venmo is eToro .

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

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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

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
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
$ 0
Best offer
User Score
9.7
Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

How to fund your Venmo broker account

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

Step 1. Sign up with eToro

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eToro is the best stock broker that accepts Venmo 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

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

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 Venmo brokerage is different.

Step 3. Choose Venmo 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 Venmo.

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 Venmo deposits. 

Double check the details and then make the deposit. You may have to confirm the transaction with Venmo 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 Venmo stock broker?

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

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

Can you buy stocks with Venmo?

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

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

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

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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 Venmo.

Is it safe to buy stocks with Venmo?

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

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

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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 Venmo

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

Pros

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  • Fast. You can usually invest in a matter of minutes. That means if you already have a Venmo account, you can start trading stocks online right away.
  • Easy to use. Once you’ve linked your Venmo account to your online stock broker account, the process of getting shares is very straightforward.

Cons

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What to look for when investing with Venmo brokers

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If the stock broker you’re considering accepts Venmo as a payment method, narrow your search by looking for a broker that offers superior service. Here are some important qualities to look for:

  • Low transaction fees. Most brokers won’t charge much per trade, but a difference of even a few pounds between one broker and another can add up over time. If you’re a day trader this can be particularly true, as you’ll be making frequent trades. Look for stock brokers that charge the lowest transaction fees so you can improve your margins when trading.
  • Great customer service. The broker you choose should offer fast, helpful, responsive customer service. If something goes wrong, you want to be secure in the knowledge that you can speak to someone who can sort it out.
  • Speed. Look for a platform that will execute your trades quickly and efficiently. Ideally, you should be able to purchase stocks online using Venmo in no more than a few minutes. 
  • Ease of use. The best online stock brokers make the process of purchasing stocks easy. This means you can focus on making decisions on which stocks to trade, without sweating over the actual execution of those trades.
  • A strong reputation. Strong user reviews and a solid track record can reassure you that the broker you’re using is reliable. With a variety of platforms around, it’s important to ensure you’re using a reliable trading service.
Find broker & sign up

FAQs

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Does eToro accept Venmo?
What is Venmo?
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 Venmo?
Are there limits to how many stocks I can buy with Venmo?
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 Venmo 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.