If you are looking for an opportunity to invest in the biggest US stocks then look no further because Stake provides it with all. It is a trading platform that you can utilise to trade stocks on the US market. It has over 3000 US stocks and exchange-traded funds (ETFs) that you can invest in.
So, how does it work and how can you buy US stocks from New Zealand using the Stake app.
How to use Stake?
Well, first and foremost you will have to create an account on the app so you can start trading. It takes minutes and all you have to do is provide some information for you to start buying stocks in no time! Here is where you can sign up for Stake HERE and getting a free stock from GoPro, Dropbox or Nike.
Fund Your Account
After you have signed up, within 24 hours you can fund your account to start buying stocks. It offers 0% brokerage fees and so it is the best option for any New Zealander. One thing to remember before buying stocks is that you will have to pay to convert your NZD into USD.
Stake uses the Forex spot rate for this and so you will have to pay that rate while converting your currency. You can simply go to the add funds section and it will lead you to a page from where you can add or withdraw funds. You can add funds in these ways:
- Debit or Credit Card
- POLi Pay
- Bank Transfer
Once you add an amount and a payment method, it will convert your funds and they will be simply added to your Stake account.
Click “Shop”
Once you have signed up and funded your account you can then click on “Shop” in the navigation menu and begin searching for stocks to invest in. You can select from different types of stocks and you can filter them out by most-traded, most viewed, trending, etc.
Once you do your relevant search it will show all the options you can easily buy stocks from. Once you have chosen to buy a stock you can click “Add to Cart”.
Once you do it, it will give you two different options:
- If you are a basic user and don’t have much knowledge then you can simply hit the market order button. This will simply purchase several shares that you select at the given market price at that time
- If you are an advanced user then you can head into the advanced section where you can set limit orders as well
Once you have put in the amount and you are ready to buy that amount of shares you can simply checkout and your Stake profile will then show the shares you have invested in. Yes, it’s that simple!
Final Words
Stake is the most widely used platform right now when it comes to buying US stocks from New Zealand. It is super easy to navigate and provides its users with ease and efficiency. It is also totally legit and safe so you don’t have to worry about your money at all. If you want to buy US stocks easily then sign up on Stake now!
If you are new to Stake or thinking about trying it out, you can do so by clicking HERE and getting a free stock from GoPro, Dropbox or Nike.