Compare the best brokers to buy stocks with Apple Pay

A variety of online stock brokers allow you to buy and sell shares using Apple Pay. Compare the best trading platforms and find out the pros and cons of each.
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

This guide takes you through everything you need to know about using Apple Pay to fund your stock broker account. From how these platforms work to the best brokers available, you can find all the details on this page.

Here are the best stock brokers that accept Apple Pay

When searching for the best stock brokers that accept Apple Pay as a payment method, consider factors such as transaction fees, security, and ease of use. We’ve compiled a list of your best options in the table below, with more information down the page if you still have questions.

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 Apple Pay stock broker?

A stock broker is a service that allows you to trade stocks online. Apple Pay is a mobile payment service that’s accepted around the world for all kinds of purchases. An Apple Pay stock broker is therefore a stock broker that allows you to use Apple Pay to fund your account and pay for the shares you want.

Pros and cons

When deciding if you should use Apple Pay as a payment method, consider these benefits and drawbacks:

Pros

  • Convenient. If you already use Apple Pay for everyday purchases, it’s an easy transition to start using it to trade stocks online.
  • Security. Apple Pay already offers robust security features, so you can feel confident that the service’s high level of security will carry over to your online stock trades.
  • Fast Deposits. You can fund your stock broker account quickly using Apple Pay, allowing you to begin trading stocks whenever you’re ready. 

Cons

What are the fees involved when trading online using Apple Pay?

Most brokers charge just a few pounds per transaction (or a small percentage of the trade amount) for just about any kind of payment method, including Apple Pay. The exact fees will vary from broker to broker though, so we recommend checking out our reviews to find the best deal.

What to look for when investing with Apple Pay brokers

If the stock broker you’re considering accepts Apple Pay as a payment method, you next want to ensure that it offers a quality service. Here are some important qualities to look for:

  • Low transaction fees. Though most brokers won’t charge too much per trade, a difference of a few pounds between one broker and another can add up over time – especially if you’re a frequent trader. Favour brokers that charge the lowest fees and commissions so you can make the most trades possible.
  • Speed. Look for a stock broker that will execute your stock purchases quickly and efficiently so you can capitalise on market fluctuations.
  • Ease of use. The best brokers make the process of buying stocks quick and easy. Don’t waste time with overly complicated platforms.
  • A strong reputation. Strong user reviews and a respected track record within its industry can help set your broker apart from the competition.
  • Great customer service. The trading platform you choose should offer fast and helpful customer service. If you find a broker that offers customer service on a 24/7 basis, that’s even better. 

Is it safe to buy stock with Apple Pay?

Apple Pay offers built-in security features that make it a safe option for all kinds of purchases, including for stock trades. This means it is generally safe to use as a method for funding your trades – as long as you’re using a reliable broker.

Still, it is important to bear in mind that security features and encryption vary from broker to broker, so look for a platform that offers the highest levels of security. You can find many of these in the table above.

Do I need to provide ID when I buy shares with Apple Pay?

Yes, you will likely need to provide some form of ID. Online stock brokers usually follow 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 an actual copy of a photo ID card.

How to fund your online broker account with Apple Pay

Different brokers may vary slightly in their procedures for making trades. That said, most 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 Apple Pay as your preferred payment option.
  3. Enter your Apple Pay account information (or simply follow the instructions on your phone to link your account and make the payment).
  4. Enter the amount of money you want to deposit into your stock trading account.
  5. Click confirm.

FAQs

What is Apple Pay?
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 Apple Pay?
Are there limits to how many stocks I can buy with Apple Pay?
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 Apple Pay stock broker let me trade with leverage?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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