Compare the best brokers to buy stocks with American Express

You can buy stocks quickly and easily with American Express using a number of brokers. Find the best platforms to use and what to consider in this beginner-friendly guide.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jul 15, 2021
Tip: our preferred broker is, eToro: visit & create account

Many online stock brokers now accept American Express as a payment method you can use for buying stocks online. This guide goes through the best platforms to use, and takes you through the pros and cons of using Amex to buy stocks.

Here are the best stock brokers that accept American Express

When searching for the best stock brokers that accept American Express as a payment method, you’ll want to consider multiple factors such as ease of use, fees, and security. We’ve compiled a list of the best brokers in the table below, with more information further down the page if you’re still making up your mind. 

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Description:
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:
CySEC, FCA
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$1
Exclusive promotion
user-score
9.3
0 Commissions and no deposit minimums
Registered with and regulated by SEC and FINRA
Loss of cash protection
Start Trading
Description:
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Payment Methods
Full regulations list:

What is an American Express stock broker?

An American Express stock broker is simply a stock broker that allows you to use your Amex card to make online trades. 

A stock broker is a service that serves as a middleman to execute trades for its users. American Express is one of the most popular cards in the world, but is not always accepted by every broker so you might have to look a bit harder or be prepared to pay a bit more in order to find a trading platform. It can be easier to use a different brand of credit card.

Pros and cons

When deciding if you should use your American Express card to trade stocks, consider the following pros and cons.

Pros

  • Familiarity. You get to buy stocks using a payment method that you use all the time, meaning you’re used to the process and there won’t be any unexpected surprises.
  • Security. Your stock trades are backed by American Express’ security and Know Your Customer protocols, offering enhanced security features.

Cons

What are the fees involved when trading online using American Express?

Most online stock brokers charge just a few pounds per transaction for just about any kind of payment method, including American Express. If you’re using an Amex card, the bigger potential source of fees occurs if you run up a balance on your credit card and fail to pay it off in full every month, resulting in interest charges.

What to look for when investing American Express brokers

Once you’ve ensured that the stock broker you’re considering accepts Amex as a payment method, the next step is to look for markers of superior service. Here are some important qualities to look for to make sure you’re getting a good deal.

  • Low transaction fees. Even though most brokers won’t charge too much per trade, a difference of a few pounds between one trading platform and another can add up over time. If you find two brokers that offer similar levels of customer service and other strengths, choose the one that offers lower fees.
  • Speed. Look for a platform that will execute your stock purchases quickly and efficiently.
  • Ease of use. The best brokers make the process of buying stocks online with American Express easy.
  • A strong reputation. Strong user reviews and a respected track record within its industry can set a broker apart from the competition.
  • Great customer service. The stock broker you choose should offer fast and helpful customer service; in some cases that can even be on a 24/7 basis. 

Is it safe to buy stock with American Express?

American Express offers built-in security features that make using the card a safe option for all kinds of purchases, including for stock trades. That said, great Amex stock brokers can make the stock trading process even more secure by having up-to-date security features to protect your information, so do your research to find one with the highest levels of security.

Do I need to provide ID when I buy shares with American Express?

Online stock brokers usually abide by KYC (Know Your Customer) guidelines, which means they will likely ask for identification when you sign up. The level of ID you’ll need to provide could range from simple personal information such as your email address to providing a copy of your photo ID card.

How to fund your online broker account with American Express

First, it’s important to note that brokers may each have slightly different procedures for making trades. That said, most online stock brokerages follow a similar general framework of steps when it comes to the funding process:

  1. Find the payments or deposits page on your stock broker’s website or app.
  2. Select American Express as your preferred payment option.
  3. Enter your Amex credit card information.
  4. Enter the amount you want to deposit into your stock trading account.
  5. Click confirm.

FAQs

What is American Express?
What are stocks?
What’s the difference between stocks and shares?
Can I use chargebacks if something goes wrong?
What other payment methods can I use when buying stocks?
How do I pick stocks?
What stocks can I buy with American Express?
Are there limits to how many stocks I can buy with American Express?
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 an American Express stock broker let me trade with leverage?

Fact-checking & references

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