I get it: you’re an efficient woman who doesn’t want to waste any more time studying how to trade or learning how you should deal psychologically with trading. You want to buy stocks with a debit card or credit card and jump right in! Good on you!

You just want to do it now. 

You feel ready to start trading, and now want to know how to buy stocks with a debit card or credit card.

That’s ok, girl, I get it!

I’m going to answer everything you ever wanted to know about buying stocks with a credit or debit card. Some of your questions may be the following:

1. Can I buy stocks with credit cards?

Yes! 🙂

Several stockbrokers and online trading sites accept credit cards in the United States, Canada or Europe. If you are based in the EU it is probably a bit easier than in the US, however it is still possible in all markets..

Examples are eToro, Plus500, Binarycent, three stockbrokers I have reviewed in the following articles.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

If you are interested in getting deeper into the brokers, I recommend the reading below.

All of these reviewed stock trading sites that accept that you buy stocks online with a credit card.

2.Can I buy stocks with debit cards?

Almost all online stock broker and trading sites will allow you to buy stocks with a debit card.

This includes eToro and Plus500 in accepting debit cards to buy stocks.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3. When I’m funding the account, am I buying the stocks?

Many people may get a little confused when they think of buying stocks with a credit card, debit card, or something else.

If you don’t actually know where your money goes to after you fund your account, you should first take a look at the basics of trading.

Top Articles On How The Stock Market Works:

When you fund your account, you are transferring money from your regular bank account to a brokerage account. They will keep the money untouched, just as the bank does.

Whenever you want to trade, you’ll need to go to the funded brokerage account and choose the stocks you wish to buy.

Then you’ll select the number of stocks you’ll buy – which will indicate how much money you’ll trade.

Following that, you’ll typically shadow the stock price variation for hours, days, or weeks. That is the difference between day trading, swing trading, and scalping.

If you don’t understand what I’m talking about, you really should study. Trading without knowledge is worse than paying a lot for a beach trip and then getting sick – trading without knowledge is the same as burning money.

And, if you use your credit card to fund your account without knowledge, you may even get into debt.

Let’s see why.

Top Articles On How The Stock Market Works:

4. What are the risks of funding a brokerage account with a credit card?

Although it may be extremely tempting to fund your brokerage account with money you don’t already have, I don’t recommend it for an undeniable reason – you may lose the trades and not be able to pay your credit card bill later.

If you actually have the money and want to fund the account through your credit card just for practical reasons, try using the debit card instead.

The problem will always be borrowing money to gamble – yes, trading without knowledge is gambling!

5. Is it recommended that I buy stocks with a credit card?

Long story short: No.

I don’t think it is wise to buy stocks with a credit card because of your card’s interest rate.

Credit cards typically charge over 10% interest.

When you buy stocks with them, you’re overpaying the stocks.

Part of your profit is already being consumed when you pay your credit card interests.

I don’t think it is wise to buy stocks with a credit card because of your card’s interest rate.

6. What if I can only buy stocks with a credit card?

Well, if there is no other way for you to buy the stocks, you can always do a few things to make it worth your while. Two tips for buying stocks with a credit card are:

  • Buy cheaper stocks – some brokers have a selection of cheaper stocks that cost typically less than $50. If you are only starting, go easy on them and trade just a few, or else they can accumulate to a huge debt.

  • Use a margin account – If you don’t have the money right away, many brokers offer a type of account in which they borrow you their money. This type of credit provided by the broker is the best alternative in this case, but if you lose the trades, you’ll owe money to your broker.

7. What to do to make money and not buy stocks with a credit card?

Before buying stocks without a credit card, you’ll need to have the money, right?

Whether you buy the stocks with a credit or debit card, you’ll need to pay for them.

If you have a regular 9 to 5 job that pays you up regularly, that’s amazing.

But maybe the money you get from your job isn’t enough to start trading. Perhaps you don’t even have a 9 to 5 job and want to be a day trader.

In any case, you’ll need an extra sum of money to buy stocks. You can get it in several ways, and some of them were mentioned in the articles.

Sure, the articles focus on mums, but are useful to anyone! Two topics they have in common are:

  1. Writing/Creating a blog – Writing a book or on a blog consistently can make a lot of money in the long run. If you want some immediate cash, writing a book that relates to our generation of readers is a great option – you’ll get the revenue of the sales, you can be invited to present in conferences, to give classes, and more.

  2. Freelance – Do you have a particular skill or ever dreamed of developing one? Maybe you can do freelancing work. Announce your services or products online and sell them.

There are so many things you can do to get enough money to trade! It’s crazy what we can get with some creativity and hard work.

8. How do you buy stocks with a credit card or debit card?

Buying stocks with a debit card is problem-free, but you must watch out when doing it with a credit card.

Evaluate if that is the best option for your needs, and remember, there are many other ways to fund your brokerage account without borrowing from the bank!

You can buy stocks in many brokers with PayPal, debit cards, bank wire transfer, and in many other ways!

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Have you ever bought stocks with a credit card or with a debit card? Let us know your experience in the comment section below!

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