How to Buy Stocks in 2020

Ever wondered how to buy stocks? Most investors buy stock online using an investment account at an online broker. It is also possible to buy stock through a full-service broker or even directly in some companies.

How to Buy Stocks

You need a broker to buy stocks and we recommend using an online broker. The days where you called your broker on the phone to place orders ended in the 1990s. It’s cheaper and faster to buy online, and you can do it from your computer or an app on your phone.

Recommended online brokers

M1 Finance

M1 Finance is designed and built for long term investing and not trading. Unlike other brokers where you put in separate buy or sell orders, M1 Finance let you create pie charts of stocks and funds, and you allocate how many percentage you want to own of each stock. Buy orders are automatically placed when the account is funded or dividends are payed.

M1 Finance

OPEN ACCOUNT5.0
FEESACCOUNT MINIMUMPROMOTION
$0$0$10
per tradecash credit with deposit

Get free money deposited into your account when signing up for a new account using our referral link: M1 Finance.

Pros

  • No account minimum.
  • Automated investing.
  • Fractional shares
  • Retirement accounts (ROTH IRA and Traditional IRA).

Cons

  • No day trading.
  • Limited customer support.

Robinhood

Robinhood is a commission-free online broker that offers free trades on stock, ETC, options trades and cryptocurrency. They also support buying fractional shares.

Robinhood

OPEN ACCOUNT5.0
FEESACCOUNT MINIMUMPROMOTION
$0$0free stocks
per tradenew accounts only

Get free stocks from Robinhood when using our referral link: Robinhood.

Pros

  • No account minimum.
  • Cryptocurrency trading.
  • Fractional shares.
  • Supports day trading.
  • Modern and user friendly interface.

Cons

  • No retirement accounts.
  • Can’t buy mutual funds or bonds.
  • Limited customer support.

Webull

Webull is a commision free broker that offers free trades on stocks, etc, options and cryptocurrency.

Webull

OPEN ACCOUNT5.0
FEESACCOUNT MINIMUMPROMOTION
$0$0free stock when open account
per tradeadditional free stock when deposit $100 (valued up to $1400)

Open a new a new account using our referral link to get a free stock from Webull. You will get an additional free stock valued up to 1400 when you fund your account. Link: Webull.

Pros

  • No account minimum.
  • Cryptocurrency trading.
  • Fractional shares.
  • Great for day trading.
  • Modern and user friendly interface.

Cons

  • No retirement accounts.
  • Can’t buy mutual funds or bonds.
  • Limited customer support.