Summary
With a plethora of brokers available, finding a right fit for your investment needs is always tricky. eToro, a social trading platform, is a well-regulated and safe platform that caters for traders of all skill levels. The platform offers real-time market data, advanced charting tools, and a wide selection of financial instruments. It allows traders to explore various markets and implement strategies to achieve their financial goals.
This guide will walk you through the process of how to buy Apple (AAPL) stocks on eToro and explore its fees and commissions, leverage, trading platforms, and payment methods. We will also cover users’ reviews on online platforms like Reddit and Quora, followed by a comprehensive bottom line and a FAQ section.
Apple (AAPL) Stocks
The name Apple (NASDAQ:AAPL) is familiar to everyone. Since the introduction of the iPhone in 2007, the company’s products have been at the cutting edge of innovation in technology and consumer goods. Interestingly, the price of Apple shares at its IPO was $0.16 on a split-adjusted basis.
The number of outstanding shares of the company’s stock is 15.63 billion as of August 14, 2023. Apple has the most significant global market valuation of any corporation, at $2.78 trillion. The current price of Apple stock is $177.79 per share. Moreover, the dividend per share of Apple is $0.24 per quarter, paid every three months.
Nonetheless, Apple is a successful firm that has consistently expanded throughout the years. Its global market share, innovative goods, and reputable name support the company’s bright future. Consequently, Apple stock is recommended as a sound investment for the future.
How to Buy Apple (AAPL) Stocks on eToro
It’s important to determine your investment objectives before opening an account. This includes deciding how much you want to invest, how long you plan to invest for, whether you can afford to potentially lose the money, and if you’re comfortable with the associated risks.
Here are the steps you’ll need to follow to invest in Apple shares:
- Open a Trading Account on eToro
- Verify the Trading Account
- Deposit Funds
- Search for Apple Stocks
- Buy Apple Stocks
- Manage your Apple Positions
Pros and Cons of Buying Apple (AAPL) Stocks on eToro
Investors can determine whether eToro suits their investing goals and trading strategy by weighing its pros and cons. Here is a list of pros and cons of using the social trading platform to buy the stock.
Pros
- Multiple Payment Methods
- Well Regulated
- Zero Commissions
Cons
- High Non-Trading Fees
- Stocks held can’t be Transferred to other Brokers
Factors to Consider Before Buying Apple (AAPL) Stocks on eToro
Before deciding to buy shares in Apple on eToro, prospective buyers should carefully consider a number of factors that provide insight into the broker’s offering and features. By taking into account and acting upon the following factors, investors can decide if the broker meets their needs and whether it fits them.
Fees and Commissions
One can diversify their holdings and increase their wealth by purchasing US stocks. However, it’s important to know the fees and commissions associated with trading US stocks on brokerage platforms before you make a final decision.
Interestingly, eToro offers zero commission trading on stocks. Zero commission trading means no fees will be assessed for either entering or exiting the position, albeit this does not apply to short or leveraged trades. Foreign exchange costs apply to deposits and withdrawals made in currencies other than US dollars. Investors using eToro accounts subject to CYSEC and FCA rules are not charged a commission for buying Apple stocks on eToro.
Commission-free trading of US stocks like Apple is available to Australian investors under ASIC regulation. This regulation does not apply to leveraged BUY/SELL stock positions or stock CFDs, however.
In addition, if you don’t have a US dollar account linked to your eToro account, you’ll have to pay a foreign currency fee (often approximately 1%) if you buy shares priced in US dollars. It’s worth noting that all eTeoro users outside of the US can take advantage of zero-commission stock investing. Furthermore, unlike many other brokers, eToro does not impose a minimum trade or ticket charge across all of its asset classes.
Trading Platforms
When it comes to trading platforms, eToro offers the most user-friendly and cutting-edge options to buy shares. In addition, customers can use these trading platforms from any device, be it a mobile phone or a desktop computer. User-friendliness, such as navigation aids and flexibility, are both top priorities.
It’s important to note that eToro doesn’t work with third-party platforms like MT4 and MT5. Therefore, you can’t use them with its social trading services.
Traders can take advantage of eToro’s robust platform and tools, including real-time market data and sophisticated charting. They will have a more positive trading experience and a better shot at financial success.
Leverage
With leverage, you may manage a bigger position when buying Apple shares on eToro with less capital. This means that even a modest initial investment might have far-reaching effects on future earnings. Retail consumers may be able to use anywhere from 1:5 to 1:10 leverage depending on the location of the clients. eToro provides retail leverage of 1:5 in Europe, the UK, and Australia but 1:10 to clients in the Seychelles. That said, leverage can magnify both your losses and your gains, so it’s important to exercise caution when using it.
Stock Offering
When you buy AAPL stocks on eToro, for example, you’re actually purchasing the underlying asset. However, there are a few cases where this standard doesn’t apply. The “stock” that Australians purchase on eToro is actually a “contract for differences” (CFD).
When you use eToro to buy shares listed on the Borsa Italiana, the Helsinki Stock Exchange, the Stockholm Stock Exchange, the Saudi Tadawul, or the Oslo Stock Exchange, what you’re really doing is buying a contract for difference (CFD).
Knowing that Contracts for difference (CFDs) enable investors to profit from price fluctuations of an underlying asset without actually owning that asset is important when thinking about how to buy Apple (AAPL) stocks on eToro. Unlike real shares, CFD trading allows both long and short positions to be taken. Because CFD traders utilize leverage, they take on far greater exposure to loss than they would when trading actual shares.
All in all, eToro provides its customers with both CFD and real shares, depending on the client’s country of residence.
eToro Trading Platforms to Buy Apple (AAPL) Stocks
eToro offers trading platforms compatible with desktop and mobile devices. Additionally, the tools provided by the trading platforms can significantly improve the trading experience while buying shares. Let’s check out eToro’s amazing trading platforms.
Desktop Trading Platform
eToro’s robust web-based desktop platform gives traders everywhere access to the company’s numerous trading tools. WebTrader, the broker’s web-based trading platform, is a dependable, secure, and user-friendly place to manage your entire trading and investment account.
You can buy Apple shares on eToro and use the platform’s extensive set of analytical, portfolio, risk, and market research tools. Furthermore, the sophisticated features of the platform facilitate the development and implementation of numerous stock trading methods. The intuitive layout of the platform makes it simple to find and use the information you need to make trades.
Additionally, the eToro platform may be tailored in a variety of ways to meet your requirements. Last, but not least, it offers a suite of analytical tools to help you make sensible choices
Mobile App
When considering how to buy Apple (AAPL) stocks on eToro, it’s good to assess its mobile app. An innovative mobile app allows eToro customers to trade from their mobile devices, no matter where they may be.
The eToro mobile trading app for iOS and Android is intuitive and well-designed. With the mobile apps, you can monitor your portfolio, analyze market data, and place trades wherever you are. There are a tonne of extras you can take advantage of too, such as stock-specific watchlists, real-time market tracking through charting tools, news alerts and other events, and push notifications. eToro employs a number of safeguards, including two-factor authentication to stop hackers from accessing user accounts.
eToro Fees and Commissions on Apple (AAPL) Stocks
To buy Apple stocks on eToro, traders need to consider the platform’s fee structure. Fees and commissions on eToro are broadly classified into trading and non-trading.
Trading Fees
You only pay trading fees when you make a trade. A commission, a financing rate, or a spread may be used to refer to the trading cost you incur. Depending on the kind of transaction, specific brokers may charge more than one of these.
Commissions can be paid either as a fixed rate per trade or as a percentage of your total trading volume. When your leveraged positions are held for more than one day, you will be charged a financing rate (also known as an overnight rate). When buying Apple shares on eToro, these fees are meant to reflect the market’s current status and offset the costs associated with keeping a position open overnight. Overnight rate can be positive or negative depending on the share and direction of the position.
Non-Trading Fees
Other fees associated with account transactions are not related to trading, such as making a withdrawal or a deposit. Deposits are fee free on eToro, however, you may incur a withdrawal fee of $5 on each withdrawal.
You may incur inactivity fees if you don’t use a service for an extended period of time, as is the case with eToro after 12 months of inactivity. The fee keeps your account from going dormant due to inactivity. After this fee is applied, eToro will not close any of your open trades to cover it, so you may rest easy knowing you won’t lose access to your past investments.
Important to keep in mind is that eToro only deals in US dollars (USD) both for deposits and withdrawals. A currency conversion fee may be applied by the payment service provider if you choose to pay with a currency other than EUR, GBP, AUD, RMB, THB, IDR, MYR, VND, PHP, SEK, DKK, NOK, PLN, CZK, or USD. However, note that Money deposited into your eToro Money account will not be subject to the USD conversion fees. With eToro Money, you may avoid paying about £5 in exchange fees when depositing £1,000.
Payment Methods You Can Use to Buy Apple (AAPL) Stocks on eToro
If you want to buy AAPL stock on eToro, you’ll need to fund your account. For the smoothest checkout experience, choose the method that works best for you. However, you should be aware that different payment methods have varying processing time and fee structures. Before making a deposit, make sure you understand the minimum required and any associated fees. You should also check to see which payment methods are available in your country of residence, as some are limited to specific locations. Here are major payment methods on eToro:
- Credit & Debit Cards (Mastercard , Visa)
- Paypal
- Bank Wire
- Skrill
- Neteller
Traders can go for many more payment options available on eToro.
Stock Trading on eToro
One of the amazing features of eToro is the ability to buy shares in fractions of a whole rather than just entire ones. Due to fractional shares’ availability, no minimum investment is required to buy Apple shares on eToro. With as little as $10, consumers may buy expensive equities like Apple, making investment more accessible to a broader audience.
In addition, if you wish to trade stock CFDs on eToro, you may take advantage of leverages of up to 1:5 (in some jurisdictions) and 1:10 (in others).
Furthermore, eToro limits the size of your trades to encourage prudent investment. There are limits on how many units can be held in a single position and how much exposure can be taken on at any given level of leverage. These limits assist in reducing the potential negative consequences of high-leverage trading.
What Reddit and Quora Say About Buying Apple (AAPL) Stocks on eToro
Despite the fact that we have provided you with all the information you need to buy Apple shares on eToro, you should still ask the general public for their input before making a final call. The following are some valuable hints provided by members of Reddit and Quora on buying shares on eToro.
While searching through Reddit, we found many Redditors discussing eToro and its stocks. In one of those discussions, upon asking about investing in stocks on eToro, this user “dunda_ni” asked many relevant questions about his investment strategy and said that he is personally after dividend stocks and one might start trading by copying others to see how they make trades.
This particular user explained some features of eToro. He stated that you can buy fractional shares on eToro. Furthermore, he shared that buying at market price carries some risk.
Quora
While searching through Quora, we found multiple threads discussing how to buy shares on eToro. In one of such discussions, this user stated that he had used eToro for years and had several years of investment experience. He stated that you can learn from others with social trading at eToro. In his view, eToro needs more stock varieties.
Bottom Line
Before deciding whether or not to use eToro to buy shares, you should learn more about the platform’s costs, commissions, and the maximum leverage offered in your location.
eToro is distinguished from its competitors by its intuitive design, state-of-the-art trading platforms, commission-free trades, and cutting-edge trading tools. With complete assurance, buyers can make purchases of Apple shares on the platform. The cherry on top is that it allows trading in leveraged stocks, real stocks, fractional shares, and maximum deal sizes.
Careful assessment of investment objectives and available resources is required before deciding how to buy Apple (AAPL) stocks on eToro. Setting specific goals is also a helpful practice in general. Trading costs can be reduced by selecting a reliable, authorized and commission-free brokerage firm.
Q & A
Being multi-regulated, eToro is a safe broker to buy shares.
Yes, you can trade share CFDs on eToro,
Yes, eToro offers real shares, but you can not transfer your held shares to other brokers.
Yes, eToro offers fractional Apple shares.
The minimum deposit required to buy Apple shares on eToro is $10.
Through the Automated Customer Account Transfer Service (ACATS), eToro US clients can transfer their equity holdings to another US broker dealer. Whereas, for other jurisdictions, traders can’t transfer their Apple shares on eToro.
Yes, eToro is well-secured, offering segregated accounts to protect investors’ funds. So, be rest assured that you can hold your Apple shares for a long-term on the broker.
You can open a stock trading account on eToro by getting registered, and verified by following the broker’s KYC procedure.
No, eToro does not charge commission on Apple shares.
The spread on Apple shares on eToro is 0.15% per share.
Having regulations of FCA, ASIC, CySEC and FINRA, eToro is a well-regulated firm.
The Current price of an Apple share on eToro is $177.78.
Currently priced at $177.78, you can buy $100 worth of Apple fractional shares.
Yes, you can easily monitor your Apple share positions on the eToro app.
You can buy apple shares on eToro by opening a trading account with the broker, verify it and make a deposit. You can then search for apple stocks and buy any amount of the shares you want.
Apple shares are a good buy because of their consistent and powerful cash flow, dividends, and buybacks.
With its user-friendly interface and commission-free stock trading, you can buy Apple shares on eToro without hassle.
You can buy Apple shares online through any online broker.
No, you can’t buy Apple shares directly from the company.
Apple’s largest institutional shareholder is the Vanguard Group having an 8.38% stake in the company.
Once you’ve created an account and been verified, you may deposit money by selecting the Deposit Funds option and selecting a payment method and currency from the drop-down menus that appear.
