Compare the best brokers to buy stocks with Venmo

Buying shares with Venmo is a fast and easy way to trade stocks online. Find the best brokers that accept Venmo payments and information on how to choose between them.
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: Aug 2, 2021
Tip: our preferred broker is, eToro: visit & create account

If you’re new to the world of online stock trading, Venmo can be a convenient way for you to get started. This guide takes you through which platforms have Venmo as a payment option and how to choose the right broker.

Here are the best stock brokers that accept Venmo

When searching for a broker that suits your investing needs, consider factors such as low transaction fees, high-class security, and the ease of use of the trading platform. We’ve compiled a list of the top platforms here so you can compare your options, with more information further down the page to help you decide.

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 a Venmo stock broker?

A stock broker is a service that allows you to trade stocks online. Venmo is a mobile payment service that lets you transfer funds through a mobile app. Venmo stockbrokers are therefore brokers that allow you to pay for your trades using your Venmo account.

Pros and cons

When deciding if you should trade stocks online with Venmo, consider these benefits and drawbacks:

Pros

  • 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

What are the fees involved when trading online using Venmo?

Most online stock brokers charge just a few pounds per transaction regardless of payment method, and this is true of Venmo. Fees will vary from broker to broker though, so be sure to research each platform with our reviews before signing up.

What to look for when investing with Venmo brokers

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.

Is it safe to buy stock with Venmo?

Yes, it is generally safe. However, you should still look for a broker that can make the stock trading process even more secure. Check out our in-depth reviews of each broker to compare the security features they offer to users.

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

Yes, you will likely need to provide some form of ID whichever platform you use. Online stock brokers follow KYC (Know Your Customer) guidelines, so you may be asked to provide personal information when you sign up. That could include anything from your email address to a copy of your photo ID card.

How to fund your online broker account with Venmo

Different brokers may have slightly different procedures for making trades. Still, most brokers require just a few simple steps to fund your account:

  1. Find the payments or deposits page on your stock broker’s website or app.
  2. Select Venmo as your preferred payment option.
  3. Enter your Venmo account information.
  4. Enter the amount of money you wish to deposit into your stock trading account.
  5. Click confirm.

FAQs

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?

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.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.