How to buy Nokia shares (NOK)

Nokia rose to prominence as the one of the biggest manufacturers of mobile phones. With those days long gone, find out whether now is a good time to invest in Nokia stock.
Updated: Jun 13, 2022
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This guide looks at Nokia, its move away from mobile phones, and why it became one of the companies at the centre of a short-selling storm. You can also find out where to buy Nokia stock online.

Compare the best Nokia trading platforms

The best place to buy Nokia shares is through one of our recommended services below. If you want to find out more information, read on to find out everything you need to know about Nokia.

Min. Deposit
User Score
Trade/invest in stocks with just $10
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
Min. Deposit
User Score
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Firstrade is a leading online brokerage firm offering a full line of investment products and tools designed to help investors like you take control of your financial future. Since its founding in 1985, Firstrade has been committed to providing high value and quality services to help you reach your financial goals.
Payment Methods
Full regulations list:
Min. Deposit
User Score
We offer one of the best execution speeds in the industry with low latency
Award-winning support in 14 languages
Trade with precision from 0.5 pips on EURUSD
Start Trading
Founded in Switzerland, ActivTrades has been around since 2001, which means it has more than two decades of experience in the fintech industry. The independent brokerage house started as a small firm, but it is now a global retail and institutional broker. In 2005, ActivTrades moved its HQ to London, and it began growing rapidly through Europe. ActivTrades offers a lot of benefits to its clients, including educational tools, rewards programs, competitive spreads, and the use of MetaTrader 4 and MetaTrader 5, two industry-leading platforms.
Payment Methods
Bank Transfer, Bank Wire, Credit Card, Debit Card, PayPal, Sofort, neteller, skrill
Full regulations list:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How to buy Nokia stock, a step-by-step guide

The process of investing in Nokia is simple, so don’t worry, even if you’re new to stock investing. These are the steps to follow in order to complete your investment:

  1. Choose a broker. In order to invest, you need to use an online brokerage platform. There are many different options to choose from, each with their own unique benefits and drawbacks. The comparison table above can help you select the right broker for you, and you can head to our comprehensive broker reviews if you’re still unsure.
  2. Create an account. Once you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally you can expect to have to provide your name, email address, phone number, and some form of photo identification.
  3. Deposit funds. Log into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal. Select your preferred payment method and deposit the amount of money you wish to invest in Nokia shares.
  4. Place an order for NOK stock. Now navigate to the stocks section of your chosen broker. Here, you can search for Nokia’s ticker symbol (NOK) and see the current price at which the stock is trading. If you’re happy with the price, enter the number of shares you wish to purchase and place your order.
  5. Execute your order. Once you have placed your order, your broker will automatically execute it for you and your Nokia shares will be listed in your account. Congratulations, you’ve just bought shares in Nokia!

What is Nokia? And should I invest?

Nokia (NYSE: NOK) is a telecommunications company most famous as one of the early leaders in mobile phone technology. Based in Finland, Nokia’s varied history began as a rubber and cable manufacturer in the 19th century but rose to prominence as one of the largest mobile phone providers in the world for a short time.

Since its heyday in the early 2000s, Nokia has struggled to compete. The introduction of the next-generation smartphones, led by Apple’s iPhone and followed by many competitors switching to Google’s Android operating system, forced Nokia out of the market entirely. In 2014, it sold its mobile phone business to Microsoft.

Nokia is one of the companies, along with GameStop, AMC, and BlackBerry, that was caught up in the WallStreetBets short squeeze. Any long term investors might be advised to wait until the volatility settles down before buying. 

How has the company performed in recent years?

Nokia was having a turbulent time even before it was embroiled in retail investors’ battle with Wall Street. It experienced a 30% drop in value twice in six months, first when it cut its dividend to cope with increased costs in October 2019, and then during the pandemic-induced market collapse.

Its costs have gone up drastically because Nokia is trying to compete in the 5G space. The technology and infrastructure required for 5G are very expensive and it has been a very competitive field. 

The Chinese firm Huawei’s run-in with western governments like the US and UK have opened up an opportunity for Nokia, but it had already cut profit forecasts towards the end of 2020, sending its price down once again.

As a business that had been the focus of short sellers because of the market forces arrayed against it, Nokia then became one of the companies targeted for a short squeeze at the start of 2021.

Is it a good time to buy Nokia shares now?

Nokia is a risky long-term investment with so much interest and uncertainty around it. If you’re in for the short term, beware of how quickly the markets can move as well.

That said, there are some reasons Nokia could be set up for the future. Most of them rely on the success of its move into 5G coverage. At the end of 2020, it changed CEOs, bringing back management from its glory days. It also won a contract with the UK government to replace Huawei as the main supplier for its 5G infrastructure.

If you do decide to invest and particularly if you want to trade in the short term, make sure you understand day trading and the different options you have. You can use contracts for difference (CFDs) as an alternative way of buying Nokia.

More than anything you should stay on top of the latest news, Nokia could be affected by brokers stopping trading or by other unforeseen developments. You can track the news and the latest price charts below.

Shares of Nokia (EPA: NOKIA) are trading in a sideways fashion after a period of higher volatility amid the WSB frenzy.  Fundamental analysis: HMD Global rolls out new series of Nokia phones HMD Global, the company behind the Nokia mobile brand introduced a new series of smartphones on Thursday…
Shares of Nokia Corporation (EPA: NOKIA) rose over 3% today after Orange Belgium chose the company to renew its radio gear networks and roll out 5G. Fundamental analysis: Nokia to replace Huawei According to Reuters, Orange and its local competitor Proximus have agreed to start replacing Huawei’s mobile…
According to some recent reports, the 5G chipset market is expected to grow over 50% to $23.5 billion in the next seven years. In this piece, we present 3 5G stocks that are likely to benefit from the emerging trend.  Rapid growth expectations According to a recent market…

Buying, selling and trading shares for beginners

What to do before buying shares

You should always take the time to research a stock fully before investing your money, especially if you haven’t bought shares before. The more knowledge you have, the better your chances of making a wise investment. 

With that in mind, here’s a checklist to run through before investing in Nokia shares.

  1. Research the company. You should always examine the fundamentals of a company before investing. What is Nokia? How did the company get its start? How did it grow? Is Nokia’s revenue and profit growth picking up? Is the company innovating? The more you know about Nokia, the better positioned you’ll be to make smart investment decisions.
  2. Make sure you understand the basics of stock investing. Before getting involved in the stock market, make sure you have an understanding of how it works. This will ensure that you have more clearly defined goals and have thought through how you will achieve them.
  3. Decide between share dealing and CFD trading. Choose the type of investment strategy you want to pursue, and make sure you have carried out the necessary fundamental or technical analysis for share dealing and CFD trading respectively.
  4. Set the size of your budget. The golden rule of investing is never to risk more than you can afford to lose. Not every investment you make will result in a profit, so it is important to set a budget that not only allows good potential for capital growth, but also protects against overly damaging losses.
  5. Find the right broker. Individual brokers each have their own pros and cons. Some will have low fees but have a user interface you struggle to understand, whereas others may be a bit more expensive but come with a range of features that you want to take advantage of. Our broker reviews can help you find the right platform for you.
  6. Examine broader market conditions. No stock exists in a vacuum, and it’s always important to analyse the general trends of the stock market as a whole before investing. If a bear market is setting in and stock prices are falling, it’s best to wait it out and invest your money later when the stock is cheaper. If, however, the market is looking bearish, you’ll want to make your investment quickly to get the maximum benefit from rising stock prices. Our news section can help you keep on top of movements in the financial markets.

What is the difference between buying, selling, and trading shares?

If you’re new to stock investing, then it’s important to understand the basics of how to buy, sell, and trade Nokia shares. Here’s a quick run-through of what’s involved in each.

Buying Nokia

This process involves finding a broker and placing an order for Nokia stock, as outlined in the steps further up this page. Ideally you want to time your investment when the stock’s price is low so that you can profit by selling the shares after they increase in value.

Selling Nokia

When you sell any Nokia shares you have bought, you’ll want to do so at a higher price than the one at which you bought to earn a profit. 

Once you’ve bought shares you can choose to hold on or sell them quickly. If you want to hold, hoping to benefit from the company growing steadily throughout, you should think about your long term investing strategy. Or, if you see that Nokia’s stock is already up a lot compared to the price you bought it and you’ve noticed that the stock market is starting to fall, it might make sense to sell and take your profits to invest elsewhere. Equally, if the stock has fallen since you bought it and looks set to fall further, it might be a good idea to cut your losses by selling your shares.

Trading Nokia

Trading is the same process as buying and selling shares, it’s just done over shorter periods of time with the aim to make small profits on a regular basis. This means that you can make money faster and spend your profits in your day-to-day life – however, on the other side it means you can lose money faster as well. For inexperienced investors, we generally recommend making investments for at least 6 months to a year instead of making trades in quick succession.

You can trade Nokia shares outright, or you can use CFDs. These allow investors to speculate on stock prices and trade with leverage in pursuit of bigger gains. CFDs trading is explained further in the next section, but it is worth noting that beginners should avoid trading with leverage. It comes with large risks and is best left to experienced investors.

Share dealing vs CFD trading

When it comes to investing in any stock, the two options you have are share dealing and trading. Which one of these methods to opt for largely depends on your investment timeline, with investors thinking long term tending to go for share dealing, and those looking for short term gains pursuing a more aggressive trading strategy.

Here’s a quick summary of the two approaches, and the pros and cons of each.

Share dealing 

Share dealing refers to the practice of holding shares in a particular company over the long term. When investing like this, you’re seeking to profit either from dividend payments or an increase in the stock’s price over time.

When investing your money this way, it is important to do thorough fundamental analysis of the company in which you are investing. You want to put your money in a stock you believe will trend upwards over time, even if there is some market volatility along the way, rather than get distracted by shorter term peaks and troughs.


  • Can build wealth over time to achieve financial goals
  • Don’t need to be very reactive to short-term market movements
  • Some stocks will give you an income through regular dividend payments


  • Takes a long time to realise any profits
  • Your capital is tied up in stocks and cannot be used for other investments

CFD Trading 

If your aim is to generate profits in the short term, then you might be better off trading shares than holding them in your portfolio. Stock trades like this are executed using CFDs (contracts for difference), which allow investors to trade against the value of a stock without having to take ownership of it. When CFD trading, investors are looking to buy and sell stocks fast to profit from short-term fluctuations in value.

One aspect of CFD trading that many investors find attractive is that they allow you to trade with leverage. This means you can place large trades while only putting up a fraction of the value yourself – for instance, if a platform offered leverage of 1:10, you could put £10 into NOK shares and be able to trade £100 worth. This can maximise profits if the market moves in your favour, but be careful as it can also lead to heavy losses.

When trading using CFDs, it is key to be skilled at technical analysis and reading stock price charts. As you’re trading stocks quickly and frequently, the fundamental strength of the company in which you’re investing isn’t as important as being able to predict how its stock price will rise and fall minute-by-minute.


  • Can generate fast profits if you read the market right 
  • Some platforms allow you to trade with leverage
  • Prevents your capital being tied up so you can take advantage of investment opportunities


  • Trading with leverage is risky and can lead to big losses
  • Doesn’t necessarily generate growth over the long term

Consider which approach suits you best and craft an investment strategy that works for you. If you need more information, then our stock trading courses can give a good introduction to the stock market.

If neither of these options appeal to you, then you can find a variety of other ways to invest in NOK stock on this page. If, however, you’re ready to get started now, simply select one of the brokers in the table above and get started. 

How to choose a broker

With the wide variety of online brokers available these days, it can be hard to figure out which is the best service to go with. Our comparison table and in-depth reviews can help you cut through the noise, but by and large these are the aspects you should be considering when selecting a broker:

  • Range of stocks available. The most important thing is that you can actually use the broker to purchase the shares you’re looking for. Some brokers offer more stocks than others, and many will allow you to trade other assets, such as forex and commodities.
  • Fees and commissions. You want to keep as large a chunk of your profits as you can, so it’s important to make sure your broker doesn’t charge high fees that can eat into your profits.
  • Regulation. You should only use regulated brokers to make investments. Unregulated brokers can be risky and offer little to no protection if the business were to fail while you had funds in your account.
  • Payment methods available. You might want to use a specific payment method, such as PayPal. Not all brokers accept every payment method, but by using our comparisons, you can search for the brokers that support the option you’re looking for.
  • Reputation. One of the strongest indicators of a broker’s reliability is the reputation it has with the customers who have used it. Brokers are online businesses, and as such many user experiences can be found online. You can check these out in addition to our reviews to make sure you choose the right platform.
  • Customer service. As you’re going to be investing your money using the platform, you want to check that the broker offers good customer service in case you have a query or something goes wrong.

Latest Nokia news

Nokia Corp. (EPA: NOKIA) settled a multi-year patent dispute with the world’s largest PC maker, Lenovo Group Ltd. (HKG: 0992), on Wednesday. Lenovo shares that you can conveniently trade online via a range of user-friendly apps opened at £1.02 per share on Wednesday and are currently trading…
Nokia (EPA: NOKIA) stock price is bouncing back in premarket trading as interest in previously unloved companies gains steam. The shares have risen by more than 4% in premarket trading after they dropped by more than 28% yesterday. Nokia stock price bounces back Last week, Nokia was a company…
In September, Nokia stock recorded the worst monthly performance since October last year as it plunged nearly 18%. This way, Nokia stock price erased half of losses it made during the recovery phase in the second and third quarters. A new major deal with BT Nokia struck a major…
Nokia (HEL: NOKIA) has been committed to expanding its 5G deals with companies from across the world in recent months. On Monday, however, sources confirmed the Finnish telecom company to have met a setback as the U.S. based Verizon chose Samsung Electronics as its 5G equipment supplier over Nokia.
The UK delivered a much-anticipated decision yesterday to ban mobile carriers in the UK from purchasing Huawei 5G equipment after December 31. Huawei’s exit from the UK market will now provide more room to other major 5G players that are likely to benefit from the ongoing US-China trade war.  UK…
Shares of Nokia (EPA: NOKIA) have plunged around 8% in today’s trading session after JPMorgan warned that the tech firm may lose Verizon, one of Nokia’s key clients. Nokia stock price has now erased all gains from earlier in the week, trading nearly 7% in the red on a…

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.