Are you new to investing and want to learn how to buy Apple stock on eToro? Here is a complete guide on how to buy AAPL stock on eToro.
What is eToro?
eToro is a leading social trading and multi-asset brokerage platform that allows anyone to invest in stocks, ETFs, cryptocurrencies, and more. With over 20 million users globally, eToro aims to make capital markets accessible to all.
One of the most popular stocks on eToro’s platform is Apple (AAPL). As the world’s largest publicly traded company, Apple has seen tremendous growth over the years. This detailed guide will walk you through the full process of buying Apple(AAPL) stock on eToro.
The Benefits of Buying Apple Stock on eToro
From account opening to trading execution, eToro makes the process incredibly simple. Key benefits include:
- Quick access without lengthy account approval delays
- Fractional share trading with affordable minimums
- Stop losses and take profits to manage risks
- Copy the trades of experienced Apple investors
- Seamlessly fund accounts with multiple payment methods
With eToro’s user-friendly experience, anyone can buy Apple stock as part of a diversified, long-term portfolio.
Step 1: Open an eToro Account
First, you’ll need to open a free eToro account by providing some basic personal details like name, email address, and phone number. You can sign up on eToro’s website or mobile app in minutes.
Step 2: Complete and Verify Your Account
Next, you must verify your account with an ID document such as a passport or driving license plus proof of address like a bank statement or utility bill. This fulfills eToro’s KYC (Know Your Customer) regulations. Verification also allows for higher account limits.
Once your eToro account is fully verified, you’ll be ready to start trading Apple stock.
Step 3: Deposit Funds
In order to buy Apple shares, your eToro account will need to be funded with real money. eToro offers several payment options:
- Credit/Debit Card – Quick & convenient for small deposits up to $5000
- Bank Transfer – For larger amounts, though transfers take 1-5 days
- Paypal – Instantly fund your account via your PayPal balance or linked bank/card
- Skrill & Neteller – Deposit directly from these e-wallet services
The minimum deposit is $200. Be sure to check if your payment method incurs any additional transaction fees. Funds will reflect in your eToro USD account balance.
Step 4: Search for AAPL Stock
From your eToro dashboard, tap the search bar and look up “Apple” or simply enter the stock ticker symbol “AAPL”.
This will pull up an order ticket showing Apple’s live price chart, market data, analyst ratings, relevant news, and discussions. Here, you will also see Apple(AAPL) stock price on eToro.
Take a moment to understand how Apple(AAPL) stock has performed historically by toggling between the 1D, 1W, 1M, 6M, 1Y, 5Y views on the chart.
Step 5: Place Your Order
With the AAPL order ticket open, tap the “Trade” button to start the order process:
1. See the Apple(AAPL) stock price on eToro. Accordingly, enter the amount in dollars that you wish to invest in AAPL stock. The order ticket will update to show the number of Apple shares this correlates to based on market price.
2. Set a stop loss and/or take profit if desired. This is optional but can help manage risks.
3. Review the order parameters to ensure accuracy. You can edit the investment amount, stop loss price, or take profit price if needed.
4. Tap the “Open Trade” button to place the buy order!
The order will be submitted to the markets and executed at the best currently available price. Congrats, you now own fractional Apple(AAPL) shares added to your new eToro portfolio!
Step 5: Monitor Your AAPL Share Portfolio
Access your eToro dashboard to view all “Open Trades”.
Here you can easily monitor the performance of your Apple investment. Useful portfolio management tools include:
- Live share price with market value
- Price alerts and customized news feeds
- Charts and technical analysis
- Option to add/edit stop loss or take profit levels
When ready to exit your trade, simply tap the “Sell” button on your Apple(AAPL) stock position. This will close the trade by placing a market order.
And that’s it! By following this step-by-step guide, anyone can buy Apple(AAPL) stock on eToro and build a diversified investment portfolio.
Frequently Asked Questions (FAQs)
Yes, eToro is regulated by top-tier financial authorities including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). It has served over 20 million users since 2007, establishing itself as an industry-leading social trading platform.
The minimum investment to buy a fractional share of Apple(AAPL) stock on eToro can be as little as $50. Keep in mind the minimum investment requirements may differ depending on the asset you want to invest in.
It’s incredibly difficult to predict short term price movements when buying stocks. Instead of trying to time your Apple stock purchase, focus on the company’s long-term fundamentals and your own financial goals. Remember, Apple’s share price has increased substantially over decades.
Yes, eToro offers user-friendly mobile trading apps for both Android and iOS devices. You can manage your account, analyze assets, and invest in stocks like Apple conveniently on-the-go.
eToro does not charge commissions on stock trades but may levy certain fees like overnight or withdrawal fees in specific situations. Refer to eToro’s website and terms of service for detailed fee structures applicable to your account.
The share price of any stock can fluctuate, sometimes substantially, which is an inherent market risk when investing. Unless you sell your shares, a price drop does not lock in losses—be patient and remember your initial reasons for investing as part of a balanced portfolio.
