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.
Updated: Sep 7, 2022
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 stock trading 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
$ 10
Promotion
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
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
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.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:

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. You can check other brokers that accept other credit cards brands.

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?

Sources & references
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 >