To buy Amazon stocks on eToro, the minimum investment amount is $10, allowing you to purchase fractional shares. This is distinct from the 'minimum deposit', which is the initial amount required to fund your eToro account, varying between $10 and $200 based on your country of residence.
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Curiosity led me to investigate the minimum deposit required to buy eToro stocks, particularly for Amazon, and I've uncovered some useful insights that might help, especially those new to the platform.
A clarification about the minimum deposit
It's essential to understand that the term 'minimum deposit' refers to the initial amount needed to fund your trading account, which varies from $10 to $200, depending on your location. For example, in the US, the minimum deposit is $10, whereas in France, it's $100. As a UK resident, I faced a minimum deposit of $50.
Once the minimum eToro deposit aspect was clear, I focused on the minimum investment amount, or the minimum trade size, for purchasing Amazon shares. On this platform, this amount is set at $10, allowing for the purchase of fractional shares of the company.
To verify this, I experimented with entering amounts from $1 to $9, and each time, the platform indicated that the minimum investment was not met. I keep on getting this message in red: "The minimum amount for AMZN is $10.00". However, as soon as I placed $10, my purchase of AMZN shares was successful.
Understanding these two different financial thresholds – the minimum deposit for your eToro account and the minimum trade size for buying stocks like Amazon – is key to a smooth trading experience. I hope my findings offer clarity and assistance for your investment endeavors in eToro Amazon stock trading.
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