Compare the best brokers to buy stocks with Payoneer in 2022

If you’re looking to invest in the stock market, buying shares with Payoneer is quick and easy. This 2022 page guides you through the best brokers that accept Payoneer and what to think about.
Updated: Sep 7, 2022

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Payoneer can be a good option if you’re looking for a fast and convenient way to buy stocks online. This guide profiles some of the best Payoneer stockbrokers and trading platforms, details some of the top qualities offered by each, and gives a quick step-by-step guide to what to consider when signing up to a broker that accepts Payoneer.

Here are the best stock brokers that accept Payoneer

You should consider multiple factors when searching for the best stock trading app, such as security, transaction fees, and ease of use. We’ve compiled a list of your best options right here, with more information below if you want to know more about brokers that accept Payoneer.

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 a Payoneer stock broker?

A stockbroker is a service that allows you to trade stocks online. Payoneer is an online money transfer service used all over the world to pay for a variety of goods and services, including online stock trades. It’s also possible to buy Bitcoin with Payoneer and other cryptocurrencies online. A Payoneer stockbroker is therefore a stockbroker that allows you to use Payoneer as a method of payment.

Pros and cons

Trading with Payoneer comes with its own unique benefits and drawbacks. Here are the primary things to think about when using the service.

Pros

  • Easy to use. Payoneer is a fast, easy, and convenient way to make purchases, making it a good choice for trading stocks.
  • Fast. You can fund your broker account within minutes using Payoneer, allowing you to begin trading stocks whenever you’re ready. 
  • Widely used. Payoneer provides cross-border transactions in 200 countries and territories, with a total of 4 million current customers. That impressive reach makes Payoneer a popular choice when paying for services such as online brokers.

Cons

What are the fees involved when trading online using Payoneer?

Most online stock brokers charge just a few pounds per transaction, or a small percentage of your overall trade amount, regardless of what payment method you’re using. That includes funding your trades with Payoneer. 

What to look for when investing with Payoneer brokers

If the stock broker you’re considering accepts Payoneer as a payment method, you then need to ensure the platform offers a good level of service. Here are some important qualities to look for when selecting a broker:

  • Speed. Your chosen broker should enable you to purchase stocks online using Payoneer in no more than a few minutes. 
  • Ease of use. The best stockbrokers make the process of investing in stocks online extremely easy. Don’t settle for a service you find complicated to navigate as this will impact your trading capabilities.
  • Great customer service. You want to ensure the platform you use offers great customer service, just in case something goes wrong.
  • Low transaction fees. Most brokers won’t charge much per trade, but the costs can add up over time. Even a small charge per trade can turn into a hefty fee if you’re making regular trades on the platform. Look for brokers that charge low fees so you can keep more of your money.
  • A strong reputation. To ensure the broker you’re using can be trusted, check out its user reviews. The well-known trading platforms will have been around for a few years and have a strong track record of positive reviews.

Is it safe to buy stock with Payoneer?

Yes, it is generally safe. Still, security features vary from broker to broker and it’s best to do your research. Our reviews can help you compare the security offered by different brokers. This page lists all our updated reviews.

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

You will likely need to provide some form of ID when using Payoneer to purchase shares. Online stock brokers follow KYC (Know Your Customer) guidelines, which means they will likely ask for identification when you sign up. That could mean providing simple personal information such as your email address, or a copy of a photo ID card.

How to fund your online broker account with Payoneer

Each stock broker will have slightly different procedures for making online trades. That said, most Payoneer stock brokers require just a few simple steps to fund your online broker account:

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

FAQs

What is Payoneer?
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 Payoneer?
Are there limits to how many stocks I can buy with Payoneer?
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 Payoneer 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 >

Jonah Keri
Financial Writer
Jonah Keri was a reporter for Invezz, wrote about stocks, cryptocurrencies, and other investments. He also covered emerging technologies for private clients. He is a trader… read more.