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- 1. How to buy Nokia (NOK) stock
- 2. Where to buy Nokia stock?
- 3. How to buy stock in Nokia in 3 simple steps
- 4. Compare the best platforms to buy Nokia stock
- 5. Fundamental analysis of Nokia shares
- 6. Is Nokia a good investment for me?
- 7. How to sell Nokia stock
- 8. Should I buy Nokia stock now?
- 9. FAQs
How to buy Nokia (NOK) stock
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10/1077% of retail CFD accounts lose money.
A big part of learning how to buy Nokia stocks is finding the best place to make your investment. Nokia stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Nokia when following our step by step guide.
Where to buy Nokia stock?
Copy link to sectionThe best stock trading platform to use to buy Nokia stock is eToro .
Based on our research, we’ve ranked the top three brokers where you can buy Nokia shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.
77% of retail CFD accounts lose money.
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.
Read more about how we test, rank & review platforms.
How to buy stock in Nokia in 3 simple steps
Copy link to sectionBuying Nokia stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionTransfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.
Step 3. Buy Nokia shares
Copy link to sectionSearch for Nokia using the ticker, NOK. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Nokia and complete your purchase.
It’s as easy as that! You can buy Nokia shares in just 10-15 minutes and now you’re a Nokia shareholder.
Compare the best platforms to buy Nokia stock
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
2900
No. assets
$10
Minimum deposit
Stocks
Platform type
Pros & Cons
Overview
We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.
77% of retail CFD accounts lose money.
2. Plus500. Best for international CFD trading*
4300
No. assets
$100
Minimum deposit
Stocks
Platform type
Pros & Cons
Overview
We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.
Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.
For accurate instrument availability, visit plus500.com.
The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months.
*Based on a comparison of 60+ leading brokers and trading platforms.
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.
Fundamental analysis of Nokia shares
Copy link to sectionWhat is Nokia’s total worth?
Copy link to sectionNokia’s total net worth is $27.50 billion. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.
How has Nokia’s share price performed in recent years?
Copy link to sectionThe current Nokia stock price today is $4.84, which is 91.68% below its all time high of $58.13, which it reached on 9 June 2000.
Overall, NOK is down 17.91% over the last five years. The NOK share price is up 3.09% in 2024 with a 52 week high of $5.60 and a 52 week low of $4.08.
What is Nokia’s EPS?
Copy link to sectionNokia’s EPS is $0.79. EPS stands for earnings per share and is calculated by dividing Nokia’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.
What is the Nokia P/E ratio?
Copy link to sectionNokia’s P/E ratio is 6.14. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Nokia’s earnings.
It is calculated by dividing the share price by the earnings per share. You can use Nokia’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.
What is Nokia’s dividend yield?
Copy link to sectionNokia’s dividend yield is 1.70%. The dividend yield tells you how much of Nokia’s share price it gives back to shareholders in dividend payments every year.
Is Nokia stock a buy or sell?
Copy link to sectionThe indicator below shows you live technical ratings for Nokia stock on time frames from one minute to one month.
It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.
This indicator should be used when you research Nokia to help you decide whether to buy Nokia shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.
Is Nokia a good investment for me?
Copy link to sectionThe right answer is different for each person, so here is some information to help you decide whether to buy stocks in Nokia.
- Nokia has a strong position in the 5G market. Nokia is one of the leading players in the 5G market, which is expected to grow rapidly in the coming years. The company has been investing heavily in 5G technology and has secured several contracts with major telecom operators around the world.
- Nokia has a diverse portfolio of assets. Nokia has a diversified portfolio that includes not only its core network equipment business but also software, services, and licensing. This diversification helps to mitigate the risk from any one area and provides opportunities for growth in various areas.
- It’s been cost-cutting to improve its financial performance. Nokia has been implementing cost-cutting measures to improve profitability, including reducing its workforce and streamlining its operations. These measures are expected to lead to significant savings over time.
- Focus on sustainability. Nokia has set ambitious targets for reducing its greenhouse gas emissions and increasing the use of renewable energy in its operations. This focus on sustainability is increasingly important to investors and could help to attract more investment in the future.
- Flexible leadership that’s happy to adapt to survive. Nokia is best known as one of the biggest brands in the early era of mobile phones, but it ultimately lost the race to the likes of Apple and Google. The new focus on 5G is a result of a total business transformation that shows the company is happy to move into new business areas in order to compete.
Despite lots of changes over the past decade, it’s failed to deliver value to investors. Nokia has little to show for all its efforts to streamline and transform its business. The share price has declined over the last five years, even as the company has taken 5G market share away from industry rivals like Huawei and Ericsson. Investors remain wary about whether it can finally produce positive returns.
It’s always a good idea to think about any potential risks there might be as well. Use this summary of Nokia’s pros and cons before you make a final decision on whether to buy Nokia stock.
Pros
Copy link to section- Nokia stands to benefit from more investment in 5G infrastructure
- The company is undergoing a new lease of life after it switched to hardware rather than mobile phones
- Nokia has sentimental value to investors that grew up in the 90s and early 00s.
Cons
Copy link to sectionAre there other ways to buy shares in Nokia?
Copy link to sectionYes, you can invest in Nokia stock in a few different ways. One option is to buy stock in Nokia directly through an investment platform as laid out above, while another popular choice is to invest in a fund.
Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in an index fund to get exposure to Nokia, or choose a 5G ETF.
Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their Nokia trades directly to your own account.
This can be a good investment strategy for beginners and a way to learn how to buy Nokia shares from someone with more experience.
What are the fees for investing in Nokia stock?
Copy link to sectionIt depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Nokia stocks.
Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more.
These are the trading platforms that charge the lowest fees for buying stocks in Nokia.
| Trading platform | Trading fees |
|---|---|
| eToro | $0 |
| Skilling | $0 |
| Capital.com | $0 |
| Degiro | $0 (US) / £1.75 (UK) |
| AvaTrade | 0.13% commission |
How to sell Nokia stock
Copy link to sectionWhen you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio.
From there, find your Nokia stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.
Should I buy Nokia stock now?
Copy link to sectionIt’s your investing goals and style that define whether now is a good time to buy. The current Nokia stock price plays into it but ultimately it depends on your investment horizons.
- If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Nokia based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy NOK.
- If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Nokia’s fundamentals are solid then the best time to invest in Nokia stock is after a dip or a pullback in price.
Most new traders sit somewhere between these two positions. You don’t want to actively trade Nokia stock all hours of the day but you don’t want to wait years for a return either.
Either way, following NOK price news and analysis will help you decide when to dip your toe into the market.
FAQs
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