How to buy Snap Inc (SNAP) stock

By:

Charlie Hancox

Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow Crux Investor into the fastest-growing... read more.

Updated: Feb 21, 2023

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A big part of learning how to buy Snap Inc stocks is finding the best place to make your investment. Snap Inc stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Snap Inc when following our step by step guide.

Where to buy Snap Inc stock?

The best stock trading platform to use to buy Snap Inc stock is eToro .

Based on our research, we’ve ranked the top three brokers where you can buy Snap Inc shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

Most Popular

1

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

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Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

2

Min. Deposit

$ 100

Best offer

User Score

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Trade +2000 CFDs on Shares, Options, Commodities & more

Unlimited risk-free Demo Account

0 commissions & attractive spreads with up to 1:5 leverage

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Payment Methods:

American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill

Full Regulations:

ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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 Snap Inc in 3 simple steps

Buying Snap Inc 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

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eToro 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.

Most Popular

1

Min. Deposit

$ 10

Best offer

User Score

10

Up to $240 bonus!

Deposit with ACA, Wire, Pay with my bank

Invest for dividends and get payout on stocks on Ex-Dividend day

Start Trading more info

Payment Methods:

Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer

Full Regulations:

CySEC, FCA

77% of retail CFD accounts lose money.

Step 2. Make a deposit

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Transfer 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 Snap Inc shares

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Search for Snap Inc using the ticker, SNAP. 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 Snap Inc and complete your purchase.

It’s as easy as that! You can buy Snap Inc shares in just 10-15 minutes and now you’re a Snap Inc shareholder.

Compare the best platforms to buy Snap Inc stock

1. eToro. Best for beginners, copy-trading & demo-account

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2900

No. assets

$10

Minimum deposit

Stocks

Platform type

Pros & Cons

Great for beginners, simple to set up and get started Zero commission stock trading Popular ‘CopyTrader’ function lets you follow top traders Excellent customer service, with live chat support provided Over 2,000 CFDs available to trade

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

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.

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77% of retail CFD accounts lose money.

2. Plus500. Best for international CFD trading*

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4300

No. assets

$100

Minimum deposit

Stocks

Platform type

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools

No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

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.

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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 Snap Inc shares

What is Snap Inc’s total worth?

Snap Inc’s total net worth is $16.38 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 Snap Inc’s share price performed in recent years?

The current Snap Inc stock price today is $10.36, which is 87.66% below its all time high of $83.34, which it reached on 24 September, 2021.

Overall, SNAP is down 39.36% over the last five years. The SNAP share price is down 13.67% in 2023 with a 52 week high of $41.32 and a 52 week low of $7.33.

What is Snap Inc’s EPS?

Snap Inc’s EPS is -$0.89. EPS stands for earnings per share and is calculated by dividing Snap Inc’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Snap Inc P/E ratio?

Snap Inc’s P/E ratio is -15.0. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Snap Inc’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Snap Inc’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Snap Inc’s dividend yield?

Snap Inc’s dividend yield is 0%. The dividend yield tells you how much of Snap Inc’s share price it gives back to shareholders in dividend payments every year. Snap Inc does not pay a dividend. 

Is Snap Inc stock a buy or sell?

The indicator below shows you live technical ratings for Snap Inc 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 Snap Inc to help you decide whether to buy Snap Inc shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Snap Inc a good investment for me? 

The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Snap Inc.

• Snap Inc has hundreds of millions of users. The company has grown rapidly and consistently to over 350 million total users creating over 4 billion new ‘snaps’ (photos and videos) daily. Moreover, globally, the company is in the top 10 most downloaded apps. It is undoubtedly one of the largest social media players of this generation.
• It makes billions of dollars from advertising. The company’s revenue is generated almost exclusively by ads on the platform, much the same as other data-driven giants like Facebook and Twitter. In 2022 it made $3.63 billion from advertising. 
• SNAP has several growth opportunities. There are numerous routes to growth open to Snap, and these include integration with video games via Snap Games, and a growing range of augmented reality (AR) features. It doesn’t currently pay a dividend, but the company’s business model and yellow-clad branding are unique enough to catch the eye of investors.
• It operates in a highly competitive and crowded market. The key trend to keep an eye on is potential rivals. The meteoric rise of Tik Tok in the last few years is evidence that it doesn’t take long for a social media app to rise to the top of the charts. Therefore, Snap must continue to innovate and create products for new use cases if it wants to stay on top.
• SNAP stock has wiped all of its lockdown related gains. The covid pandemic was a very good perido for SNAP stock, which surged as the world was kept indoors. However, since then, its been a very different story and SNAP stock has falled some 80% since 2021. 

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Snap Inc’s pros and cons before you make a final decision on whether to buy Snap Inc stock.

Are there other ways to buy shares in Snap Inc?

Yes, you can invest in Snap Inc stock in a few different ways. One option is to buy stock in Snap Inc 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 a NYSE index fund to get exposure to Snap Inc, or choose a technology ETF.

Another option is to use a social copy trading platform, like eToro . Find a trader who you like and copy their Snap Inc trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Snap Inc shares from someone with more experience.

What are the fees for investing in Snap Inc stock?

It 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 Snap Inc 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 Snap Inc.

How to sell Snap Inc stock

When 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 Snap Inc 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 Snap Inc stock now?

It’s your investing goals and style that define whether now is a good time to buy. The current Snap Inc 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 Snap Inc 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 SNAP.

• 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 Snap Inc’s fundamentals are solid then the best time to invest in Snap Inc 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 Snap Inc stock all hours of the day but you don’t want to wait years for a return either.

Either way, following SNAP price news and analysis will help you decide when to dip your toe into the market.

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