How to Buy Tesla Shares

Buy and sell CFDs on Tesla shares in Nigeria without commission when you open an account with one of these brokers.

This blog is reader-supported. Please open a trading account through our links to tip us. Affiliate commissions keep our reviews impartial and ad-free.

Best brokers

1. FxPro Best MetaTrader Broker 2020
2. Equiti Best Overall Broker 2023 - TrustedBrokers.com
3. AvaTrade Best Mobile Trading Platform 2021
4. HYCM Best Forex Broker UAE 2022
5. RoboForex Best Mobile Trading App 2022, Global Forex Awards - B2B

Broker reviews

#1

Visit website ▷

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: 84.69% 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

• Accounts

MT4 Floating - Instant Execution  ▷ MT4 Floating - Instant Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All EAs are allowed.
$500 deposit	1:200 leverage	Instant execution	▷

MT4 Floating - Market Execution  ▷ MT4 Floating - Market Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

More ▽

MT5 Floating - Market Execution  ▷ MT5 Floating - Market Execution: Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

FxPro cTrader  ▷ FxPro cTrader: Trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run cAlgo algorithmic trading robots.
$500 deposit	1:200 leverage	Market execution	▷

#2

Visit website ▷

Equiti.com is TrustedBrokers' Best Overall Broker in 2023. Trade CFDs on 400+ instruments on leverage up to 1:500. Get superior execution through its network of 35+ liquidity providers. Equiti accepts all trading styles, without restrictions.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5
• Regulators: Armenia, Jordan, Kenya, Seychelles, UAE, UK

• Accounts

Standard Account  ▷ Standard Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on low spreads, with leverage up to 1:500. Equiti supports MT4 and MT5 and allows all trading styles. Get ECN execution with Tier 1 liquidity.
$500 deposit	1:500 leverage	Market execution	▷

Advanced Account  ▷ Advanced Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities from 0.0 pips plus commission, with leverage up to 1:500. This account is designed for experienced traders.
$10000 deposit	1:500 leverage	Market execution	▷

More ▽

Elite Account  ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account...more ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account is designed for high-net-worth individuals, and those who trade large volumes.
$50000 deposit	1:500 leverage	Market execution	▷

#3

Visit website ▷

AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

• Risk warning: 77.82% 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.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5, Copy trading
• Regulators: Australia, BVI, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE

• Accounts

AvaTrade Account [BVI]  ▷ AvaTrade Account [BVI]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

AvaTrade Account [EU]  ▷ AvaTrade Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities.
$100 deposit	1:30 leverage	Instant execution	▷

More ▽

Islamic Account [BVI]  ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This...more ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [EU]  ▷ Islamic Account [EU]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.
$100 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU]  ▷ Professional Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. Access high leverage up to 1:400 with this account for professional traders.
$100 deposit	1:400 leverage	Instant execution	▷

#4

Visit website ▷

HYCM (HYCM.com), formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.

• Risk warning: 85% 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.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4, MetaTrader 5
• Regulators: Cayman Islands, Cyprus (EU), Saint Vincent and the Grenadines, UAE, UK

• Accounts

Fixed Account  ▷ Fixed Account: Trade CFDs on fixed spreads from 1.8 pips on MetaTrader 4 or 5. No support for Expert Advisors. This account is available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

Classic Account  ▷ Classic Account: Trade CFDs on variable spreads from 1.2 pips on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

More ▽

Raw Account  ▷ Raw Account: Trade CFDs on raw spreads from 0.2 pips plus a $4 commission per round, on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$200 deposit	1:500 leverage	Instant execution	▷

#5

Visit website ▷

RoboForex is an international broker headquartered and regulated in Belize. Access over 12,000 instruments, including real stocks and CFDs on Forex, crypto-currencies and oil, from a single platform.

• Risk warning: 58.42% 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.
• 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: Belize

• Accounts

Pro Account  ▷ Pro Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on floating spreads from 1.4 pips and flexible leverage up to 1:2000, on MT4/5 or cTrader.
$10 deposit	1:2000 leverage	Market execution	▷

ECN Account  ▷ ECN Account: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on raw spreads pips and flexible leverage up to 1:500, on MT4/5 or cTrader, in an ECN environment.
$10 deposit	1:500 leverage	Market execution	▷

More ▽

R StocksTrader  ▷ R StocksTrader: Access CFDs on 36 currency pairs, cryptocurrencies, metals, US stocks, indices and oil. Trade on raw spreads pips and flexible leverage up to 1:500, on MT4/5 or cTrader, in an ECN environment.
$100 deposit	1:300 leverage	Market execution	▷

#6

Visit website ▷

Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) allows all trading styles and Expert Advisors the MetaTrader 4 platform.

• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
  * Availability subject to regulation.
• Platforms: MetaTrader 4
• Regulators: Dominica

• Accounts

Instant Execution Account  ▷ Instant Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with instant execution. EagleFX supports all trading styles, including hedging and scalping on MT4.
$10 deposit	1:500 leverage	Instant execution	▷

Market Execution Account  ▷ Market Execution Account: Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with market execution. EagleFX supports all trading styles, including hedging and scalping on MT4.
$10 deposit	1:500 leverage	Market execution	▷

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 FxPro.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 electronic wallet. 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 FxPro.com and AvaTrade.com to start trading.

• Latest News
• Tesla Sold Record 343,000 Vehicles in Third Quarter
  The New York Times - 5 months ago
• Tesla Model X In “Boat Mode” Escapes Hurricane Ian Floodwaters
  CleanTechnica - 5 months ago
• Tesla 4th Quarter Sales Forecast HUGE, According To Internal Tesla Leak
  CleanTechnica - 5 months ago
• Tesla AI Day: An Investor’s Perspective
  Forbes - 5 months ago
• Tesla confirms Gigafactory Berlin has ramped up to 2,000 cars a week
  Electrek - 5 months ago