How Do I Buy Amazon Stock on eToro?

Written by Mike Druttman

Fact checked by Wikitoro Team

Updated Mar, 2024

To purchase Amazon stock on eToro, start by logging into your trading account or signing up if you're a new user. Search for "Amazon" or use the ticker symbol "AMZN" in the search bar, and select the asset from the Markets category, followed by clicking the "Trade" button. Enter the amount you want to invest, ensure the leverage is set to x1 for direct stock purchase, adjust your stop-loss and take-profit settings as desired, and then click "Open Trade" to execute the transaction.

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Getting Started

Investing in Amazon, renowned for its diverse ventures in e-commerce, cloud computing, digital streaming, and AI, has long been an enticing prospect for me. For those eager to purchase Amazon stocks, eToro offers a user-friendly platform to begin. Here's my guide that aims to provide a clear, step-by-step approach to trading Amazon shares with this broker.

Steps to Buy Amazon Shares

To invest in Amazon stocks on this broker, follow these essential steps:

1. Account Creation/Log-In: If you're new to the platform, sign up by visiting their website or app. The process is streamlined and intuitive. Existing members can simply log in.
2. Finding Amazon: Use the search bar to type in "Amazon" or its ticker symbol "AMZN". Locate Amazon in the 'Markets' category and click the "Trade" button beside it.
3. Investment Amount: Determine the amount you want to invest, with the minimum being $10. Its flexibility allows for the purchase of fractional shares, enabling investment in high-value stocks like AMZN.
   

   

4. Leverage Settings: Keep the leverage at x1 to ensure you're buying real stocks. Increasing leverage changes your investment to Amazon stock CFDs.
   

   

5. Setting Stop-Loss and Take-Profit: Customize your trade with stop-loss and take-profit settings to suit your trading strategy. This step is crucial for managing risk and aligning with your investment objectives.
   

   

6. Executing the Order: Complete your investment by clicking "Open Trade". This action will finalize your purchase of eToro Amazon shares on the platform.
   

   

Key Takeaway

I find the process of buying Amazon stocks with this broker to be remarkably straightforward. In addition, its versatility allowed me to execute my stock trades and purchases via the app or web interface. The great thing about it is that this process I shared is applicable to all other stocks, so if you're able to get the grasp of it, then you can explore other assets of the same class to diversify your investments.

And that's a wrap! I hope that this guide has simplified your entry into AMZN stock investments on this platform.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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