How to buy Apple stock? A complete guide on how to buy Apple stock and the best broker to buy Apple stock. Apple is one of the most popular shares in the stock market today.
You can buy and trade Apple or any other shares online with the click of a button. There are hundreds of online stock brokers that provide you platform to buy Apple stock.
Though there are hundreds of brokers to buy Apple stocks. Not everyone would be the right fit for you. From the platform’s easiness to use you need to consider many factors.
The regulatory factors, deposit methods, security, and customer service play an important role. You need to be aware of all these factors before choosing an online broker to buy Apple stock.
In this article, we have step by step instructions for beginners to buy Apple stock.
Table of Contents
- Step 1: To Buy Apple Stock, Choose the Best Online Broker
- Step 2: Open an Account
- Step 3: Finish ID Verification
- Step 4: Confirm Withdrawal Options
- Step 5: Deposit Money
- Step 6: Learn Trading and Apple Stock
- Step 7: Identify the Right Entry Point to Buy Apple Stock
- Step 8: Only Invest What You Can Lose
- Step 9: Finally, Buy Apple Stock and Track Your Position
- Is Apple Stock a Good Buy Right Now?
- What are the Pros & Cons of Buying Apple Stock Online?
- What is the Best Online Stock Broker for Beginners?
Step 1: To Buy Apple Stock, Choose the Best Online Broker
The first step to buy shares is to identify the right broker. There are hundreds of online brokers, but you have to find the best one that provides Apple stocks.
Based on the key findings, we have listed the exchange that is the best to buy Apple stocks. Factors we have considered include: Easiness to use the platform. Easiness to register a trading account. Ability to access the platform from different devices.
Safety and security of the platform as well as their payment gateways. Customer service availability and helpfulness.
Wondering which online brokerage firm to start investing and trade online? We have reviewed hundreds of online stock brokers in our research to help you out.
IQ Option is the winner of our review on the best brokers to buy stock. Opening an account takes only a few minutes. They provide withdrawal back to the credit card for a limited period of time.
You can buy Apple stocks on IQ Option with Credit Card, Debit Card, Skrill, and Neteller. They have both web and mobile trading options.
You need to verify your account with an identification document before withdrawing money. Their platform has the best user experience and easiness to use.
Step 2: Open an Account
Once you have identified a broker that sells Apple stocks, the next step is to register an account with them. With some brokers, registration is a matter of providing an email and password.
In other cases, you need to fill in many forms with the requested information to register. Choosing a broker that lets you in quick is not always the best option.
Though we prefer quick registration, you may need to provide more information. As per the law under which they operate this could be mandatory.
Many brokers even let you submit this information after registration. Some brokers could also take up to a few days to verify and approve your account.
Always keep your passwords fresh while registering an account. At least a different one from the email id with which you register.
Step 3: Finish ID Verification
After finishing registration brokers usually let you use their platform. But, in most cases, you need to verify your identity to get full access. This is part of the AML/KYC rules all financial institutions are subject to.
As per law, brokers need to verify the identity of the person using their platform. You can do so by providing a national identity document. Such as driving license, passport or any official ID document.
Many brokers let you use their platform without ID verification completed. Yet, you will have to do so before making a withdrawal. You may also have to provide a different document to prove your address.
Most exchanges prefer a bank-account statement or utility bill to verify your address. Depending on the broker you could complete these steps at or after registration.
Step 4: Confirm Withdrawal Options
It is as important as identifying an online broker and their deposit methods. Brokers provide all payment modes they provide for the deposit for withdrawal.
But, you need to confirm the fees they charge to withdraw your funds. Once you are ready to take your profit out of the platform, you might realize the withdrawal fees.
Many exchanges provide free withdrawals on the selected mode of payments. Some allow you to withdraw money back to your credit card within a period of time.
This is always limited to the amount you deposited through the card. Anything more will have to go through other modes they provide. Many brokers provide a wire-transfer facility.
But, this is only available to withdrawals of large amounts in most cases. Other options you might end up having are third party payment gateways.
But, there could be transaction fees these payment gateways charge.
Step 5: Deposit Money
Once you have understood online trading platforms, markets, and apple as a company, deposit money. Depositing money to your brokerage account is quite an easy task.
Brokers these days provide different payment gateways to deposit money. You can deposit money with credit or debit cards. You can use payment gateways like Paypal or Neteller. Or even options like a wire transfer.
So here you have an extra task of choosing the best payment option and the broker you choose needs to have that. Choosing a payment option is important as most payment modes have some sort of fees.
Most brokers do not charge you for deposit. But often the credit card company or the payment service provider could charge you a fee. In case of withdrawal, this is more often a concern than deposits.
So choose the broker with the best payment mode and deposit money.
Step 6: Learn Trading and Apple Stock
If you are a beginner learn how to make trades before you buy stock.
Understand the market and Apple as a company before putting your money in it. This is a very important step to make. Do not invest without knowing the factors behind the Apple stock price movement.
Every company share price increases or decreases for a reason. Monitoring of the market and Apple’s business will get you to understand that. The wise move here would be to take advantage of the demo facility provided by the brokers.
Most brokers provide free trade demo accounts you can practice virtual trading. You can refill account balance as may times and try out different investment options. Take advantage of this and make your first moves here to get hands-on experience to trade stocks.
Once you are familiar with the market trends and fundamentals buy Apple stocks.
Step 7: Identify the Right Entry Point to Buy Apple Stock
Identifying the right price to buy Apple stocks is important. In trader terms figuring out entry point is key to your trading success.
An entry point is the best price at which you can buy Apple stocks. To find out the best entry point you need to understand the market in full. You need to be aware of the factors and fundamentals that affect Apple’s share price.
Keen observation of the market and Apple as a company will help you. There are also many resources on Apple stocks available online to help you. Websites that watches Apple share price or provide analysis of its shares will be a good start.
Apple’s past performance and future plans are one place to look into. In the long term, learning to read charts will come in handy. Charting is not very easy to learn. But, with all the tutorials available online anyone can learn to read charts.
Step 8: Only Invest What You Can Lose
Never underestimate this rule. You should never try to invest money in stocks that you cannot afford to lose.
Stocks like Apple make constant headlines in news and tend to let to get a piece of their big price movements. Or sometimes you could have hands-on experience making big bucks with Apple stocks.
The stock market always has a tendency to make traders make bigger moves. With a couple of odds on your side, you should never go overboard and go all in. At least money that you don’t have in hand or in other words borrowed funds.
As much as the chance is to get your big move successful is the chance to lose it in the volatility. So carefully handle your personal finance and financial goals. Also, get investment advice from a trusted investment advisor.
So never put a bet on with the money you cannot lose and never without understanding the market.
Step 9: Finally, Buy Apple Stock and Track Your Position
Once you are familiar and completed with the above steps proceed to buy Apple stocks. Using demo trading accounts to try your first buys is a good way to start.
This will also help you familiarize yourself with the broker’s trading platform. Practice your buys and confirm your ability to identify the best entry points.
Once you are sure, make the buy. Some online trading platform even provide as low as a dollar investment to start with. Taking advantage of this you should buy Apple stocks for smaller amounts first.
And then build your investment portfolio. You can buy google stock, buy amazon stock, or buy tesla stock to name a few good ones.
Once you have bought Apple stocks it is important to watch your positions. Monitoring the market and keeping an eye on Apple’s business has to be a continuous process.
You should always be aware of market trends and be ready to reposition your holdings if required.
Is Apple Stock a Good Buy Right Now?
Apple is one of the largest and most profitable companies in the market. Based in California, they manufacture and sell consumer electronics and software.
Founded Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. They are the first company in the world to reach a trillion-dollar market cap in the stock market.
Apple revenue makes it the largest technology company. Also, they are considered the most valuable company in the world. Apple’s services business also brings in billions of dollars of revenue every year.
Apple offers products like iPhone, iPad, Mac, and Apple TV with over 1.5 billion active devices in the world.
Estimates suggest that one in every three Americans own an Apple product. Apple stock trade online under the symbol AAPL in the NASDAQ and S&P 500 Index. Apple is part of the 30 components of the Dow Jones Industrial Average.
In 1980 Apple reported the most successful IPO in history next to Ford. Apple’s share price was traded at $22 per share when they went to IPO.
What are the Pros & Cons of Buying Apple Stock Online?
Every investor wants to have a bite of Apple stock. By buying apple shares, you get to become a part-owner of the world’s most successful business.
Apple is the first company in the world to cross one trillion market capitalization. Apple stock has been part of the top online investing portfolios for decades.
Shares of Apple have had tremendous success as most of the Americans own an Apple product. Not to mention, research papers have shown that one in three Americans own an Apple product.
Unlike the old days, to buy or sell a stock is not a tiresome process. You don’t need to depend on old school stock exchange brokers. With the revolution of the Internet, trading stocks also found its foot online. Also, today most people buy stocks, ETFs, mutual funds, Forex, and securities from online stock-trading platforms. Online trading services like TD Ameritrade, Vanguard, TradeStation, Merrill Edge, Etrade, Fidelity, Interactive Brokers, or Charles Schwab.
You can watch the market and make your moves on the stock market sitting at home. Also, there is a vast number of websites and resources to watch the Apple share movement.
These websites provide a lot of information on the market. From trends, advanced trading signals, to new developments in Apple company and its shares.
Also, the steps above to buy Apple stocks will enable your first buy or trading online experience quick and easy. With the emergence of online stockbrokers, purchasing Apple stock is as easy as buying an apple online.
We have broken down the process into a few steps that are relevant to most brokers. You may need to complete all these or only some of these steps based on the broker you choose.
What is the Best Online Stock Broker for Beginners?
As a beginner, you have to look at various factors to choose a broker to buy stock. Platforms easiness to register and use. Some platforms are quick and easy to register and use.
You need to consider the platform’s fee structure well. Very few online discount brokers provide zero-fee or online brokerage charges to use them. But, most websites have a fee structure associated with their services.
Most discount brokerage services provide free deposits. Some provide free trading. That means, they don’t charge brokerage fees on trading. Many stock brokerage firms charge one to two percent of your trades as stock brokerage fees.
The number of payment options provided also matters. Choose a discount-broker that lets you deposit and withdraw using preferred payment methods.