Where and How to Buy GameStop Stock – Complete Step-by-Step Guide

If you’ve ever invested in the GameStop Stock market, or this is your first time investing, and you are wondering where and how to buy GameStop Stock, here’s how to get started, including Where and How to Buy GameStop Stock – Complete Step by Step Guide

Summary

Overview of GameStop Stock

GameStop Stock (GME) is a well-known specialized retail business based in Texas, USA. It is part of the Consumer Cyclical industry and trades on the NYSE under the ticker GME. All the prices are listed in US dollars. After fans of the Reddit community wallstreetbets started praising GameStop and deriding hedge funds that shorted the company, its price soared in late January 2021. Some brokers restricted stock trading due to the erratic movements, which sped up the stock’s decline. The stock has been extremely volatile since, although it has yet to reach its peak in January.

The GameStop Company sells video games and other entertainment goods online and in several retail locations in North America, Europe, Australia, and Canada. The business offers new and used gaming platforms and peripherals like controllers, headsets, virtual reality gear, and memory cards. It also offers new and used gaming software and in-game currency digital and full-game downloads.

Where to Buy GameStop Stock

You can buy GameStop Stock in marketplaces like:

1. Robinhood

A committed team of customer support specialists accessible to answer your queries
No account minimums or commissions.
Members of SIPC, which offers protection for its members’ consumers purchasing securities up to $500,000, include Robinhood Financial and Robinhood Securities.

2. Public

The Public is the only trading platform that enables simultaneous trading of stocks, ETFs, cryptocurrencies, and other assets like fine art and collectables. The Public also gives users access to custom company metrics, live market shows, and opinions from a community of millions of analysts, investors, and producers. Create an account to receive free stock worth up to $300. Applying terms and conditions

Invest in small amounts of well-known ETFs from Vanguard, BlackRock, and other companies without paying commissions.
Upgrade to a premium account to access advanced data, special market measures, and analyst insights.
The insurance covers public investments up to $500,000.

3. Moomoo

Trade blue-chip equities on the US, HK, and SG Stock Exchanges.
A wide range of investment alternatives include stocks, stock options, futures, ADRs, exchange-traded funds (ETFs), and real estate investment trusts (REITs).
Control your investments, portfolio, and assets across several marketplaces.

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How to Buy GameStop Stock

Decide where to buy GameStop stock: You must choose a stock brokerage.
Open a brokerage account: Sign up for the best-rated brokerage for 0% charge trading.
Deposit into your brokerage account: Choose your payment method and add your details.
Research GameStop stock: GME is the GameStop ticker symbol. Is it wise to buy in GameStop stock? Should you invest in GME stock? What kind of business fundamentals underlie GME? Do top analysts believe GameStop is a wise investment? Why did the price of GME’s stock change recently?
Execute your GME trade: Choose whether to buy GME shares at the going rate on the market or to use a limit order to buy GME shares at a specific price.
Keep track of your GME investment: Make a watchlist for your GameStop stock investment.

The Top Five Brokers for Buying GameStop Stock

1. Interactive Brokers

A comprehensive trading platform like Interactive brokers allows you to access various securities at reasonable costs. With access to more than 135 global marketplaces, you can acquire assets from all over the world from the convenience of your home or office. There are also options, futures, currency, and fund trading options, and most traders won’t pay a commission on any buys or sells.

2. eToro

Over 25 of the most well-liked cryptocurrencies in the world and 1600 stocks are accessible through the broker eToro. They have a few special learning and application tools. In as little as 10 minutes, traders can start buying and selling.

New investors can “copy” the buy orders of experienced investors using eToro’s innovative CopyTrader feature. In contrast, the company’s eToro Club feature offers users a variety of extra resources and educational tools.

3. CenterPoint Securities

CenterPoint Securities is the best choice for active traders who want access to cutting-edge tools and services. Investors and occasional traders may be happy with the standard services provided by traditional online brokerages, but active traders will profit from CenterPoint’s array of cutting-edge trading tools. CenterPoint is an excellent option if you value accurate execution, availability of low inventory, advanced trading platforms, and approachable customer service.

4. Webull

Webull, a mobile app-based brokerage with commission-free stock and exchange-traded fund (ETF) trading, was created in 2017. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority oversee its regulation (FINRA). Webull provides technical indicators, economic calendars, research agency ratings, margin trading, and short-selling to active traders. The trading platform offered by Webull is intended for intermediate and seasoned traders, while new traders can undoubtedly take advantage of it.

5. Magnifi

Investors can get data-backed information about numerous investment options on Magnifi, a marketplace with smart design. The company blends conventional brokerage tools with artificial intelligence (AI) to encourage financial literacy. Magnifi sets itself apart by providing an AI-powered investing assistant and a search option. Magnifi is a cutting-edge platform to promote knowledgeable and confident long-term financial investing.

Is GameStop Stock a Good Buy Now?

Wall Street analyst who follows GameStop Stock said that it is generally advised to sell it.

Disclaimer:

Stocks featured in our article are not stock picks or recommendations to buy or sell a stock. Instead, these ideas should be viewed as potential opportunities for elevated volatility and trader interest and, thus, increased liquidity. These stocks can be opportunities for traders with an existing strategy to play stocks.

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