The last step is to press the buy button! You log in to your online broker, search for Spotify share, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares (in trading lingo: execute the buy order).Ī couple of hints around this: when placing an order, you can choose from different order types. Now, you have the account, the cash, and the share target. At some brokers, you can deposit from different electronic wallets like Paypal, e.g. The most common way you can deposit your money is by bank transfer and using a credit/debit card. This cash first needs to be sent (deposited) to your broker. You will pay cash to buy those Spotify stocks. At some brokers the process is as quick as opening a new Gmail account, at others, it could take a couple of days while they do some background check on you. This process is much like a regular bank account and opening one is usually fully digital. Step 2: Open your brokerage accountĪfter finding your online broker, you need to open an account. Safety is also highly important, but since we only recommend reliable and regulated brokers, you don't need to worry about it. When recommending a broker, we take into account different factors, like the broker's fees, trading platform, accessible markets, and how easy opening an account is. Now let's see what lies ahead before you can officially say that you are an Spotify shareholder! Step 1: Find a good online broker Ok, so you have decided that you'd like to buy Spotify.
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