How to Buy Tesla Shares
Buy and sell CFDs on Tesla shares today without commission when you open an account with one of these brokers.
FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best MetaTrader Broker" in 2020. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.
- Risk warning: 84.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)* Availability subject to regulation.
- Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
- Regulators: Bahamas, Cyprus (EU), South Africa, UK
4xc.com is an offshore broker founded by Forex industry veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4 and 5.
- Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MetaTrader 4, MetaTrader 5
- Regulators: Cook Islands
Understand how to buy or sell Tesla stocks online with this step-by-step guide.
Step 1: Get started
Before you place your first trade, you'll need to decide what it is that you are buying. You can either buy shares outright, in which case you'll become a registered shareholder, or simply profit from changes in Tesla's share price through instruments known as CFDs (or Contracts for Difference). This article discusses the pros and cons of CFDs vs shares in detail.
A CFD allows you to profit from changes in Tesla's stock price without actually owning shares: go "long" if you expect prices to rise, or go "short" if you expect them to fall. Speculating on changes in prices, rather than taking ownership of shares, also means that you are free from the rights, obligations and taxes associated with share ownership.
CFDs are popular with investors like you because they allow you to trade on margin for a fraction of a stock's price, yet see changes in the price fully reflected in your profit or loss. You could buy a CFD on Tesla stock currently valued around US$ 900 with a low US$ 100 deposit through AvaTrade.com by borrowing the difference.
Most CFD brokers charge no commission. Instead, they earn a living through the bid-ask spread; that is the difference between the price at which you can buy and sell securities from them. Some brokers charge a fixed spread at all times, whilst other charge a variable spread based on market conditions. AvaTrade's spread is just 10 cents over the market spread.
Step 2: Open an account online
Visit FPMarkets.com or AvaTrade.com and open an account online. It's helpful to have a copy of proof of address and proof of identity documents at hand; as most brokers will require that you upload these documents prior to placing your first trade. If you are in a hurry to trade, we suggest funding your account through a debit card, credit card or an e-wallet (such as PayPal, Skrill or NETELLER). Bank wire transfers can be particularly slow and costly to complete.
Step 3: Place your first trade
Placing your first trade may seem daunting, but it need not be. All brokers in our panel allow you to trade directly from their website or a smartphone app. Click a button to 'buy' and another to 'sell' (or 'short') Tesla shares directly from the charts. Nowadays, you no longer need to pick up the phone to trade through a dealing desk. Visit FPMarkets.com and AvaTrade.com to start trading.
- Latest News
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