Compare the best brokers to buy stocks with Venmo in 2022

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.
Updated: Sep 7, 2022
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 stock trading platforms have Venmo as a payment option.

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 stock trading app itself. 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
$ 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 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?

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.