How to Buy Stocks with Wise

Can I Buy Stocks with Wise?

Yes, Wise allows you to purchase stocks and ETFs, including major indices like the S&P 500 and NASDAQ. To do this, register with a European stock trading platform that accepts Wise deposits in euros or other currencies. Ensure the platform is regulated by a credible financial authority, such as the FCA or a similar European regulator, to protect your investments.

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How to Buy Stocks with Wise

To buy stocks using a Wise account, select a regulated brokerage that supports Wise for secure transfers. eToro is a strong choice, offering access to over 4,500 assets, including stocks, ETFs, and commodities. Trusted by 30 million investors across 160 countries, eToro is regulated by tier-1 authorities like the FCA, ASIC, and CySEC.

Here’s a quick guide to getting started:

1. Select a Broker: Visit a platform like eToro and sign up.
2. Deposit Funds: Access the 'Deposit Funds' section in your account.
3. Transfer Funds: Select your currency and payment method, then transfer from Wise.
4. Begin Investing: Once your funds are available, start purchasing your chosen stocks.

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What are the Fees?

Fees for transferring funds from a Wise account to a stock brokerage vary depending on the platform. Typically, USD deposits from Wise to brokers like eToro incur no fees. However, deposits in EUR or GBP may carry a small fee.

If you use a Wise Debit Card, be aware that a fee from Mastercard might apply to your transactions, including stock purchases or deposits. To avoid unexpected costs, always check with your chosen brokerage for specific fee details before making a transfer.

eToro, for instance, charges a $2 flat fee plus a spread, which averages around 1%, based on our tests.

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Can I Invest in Wise?

Yes, you can invest in Wise PLC, a publicly traded fintech company listed on the London Stock Exchange (LSE) under the ticker 'WISE'. Investors can buy shares of Wise through a regulated brokerage platform such as eToro, which supports Wise PLC stock. 

Using your Wise account, you can directly fund your investment in this company through a regulated brokerage that offers equities on the LSE

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About Wise

Wise is a global fintech company with 16 million customers, offering products like the Wise Multi-currency Account and Wise Debit Card for seamless international money transfers and currency conversion. Supporting over 50 currencies, Wise provides low fees and tailored services, including Wise Business and Wise for Teams, for both individuals and businesses.

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Bottom Line

In conclusion, Wise enables investments in stocks and ETFs through regulated European brokerages like eToro. With low fees and multi-currency support, Wise simplifies managing your investments. Whether transferring funds or investing in Wise PLC, using Wise ensures efficient transactions. Always check fees and regulations with your brokerage for the best experience.