GameStop Corporation (GME) is the world’s largest video game retailer based in Texas, United States. Since its establishment in the 1980s, the company share price has been fluctuating and increased tremendously in 2022, thanks to Reddit’s WallStreetBets users who collectively bought its shares. This caught the attention of many investors who saw more growth potential in the GameStop company, thus looking for ways to buy GameStop stock.
If you are here to learn how to buy GameStop shares, our comprehensive guide lists the step by step procedures of buying GameStop stock using an online broker in the UK. We also recommend the top three brokers to increase your chances of succeeding in the activity. So, without further ado, let’s jump straight in.
Top 3 Brokers for Buying GameStop Shares
GME stock is listed on the New York Stock Exchange (NYSE), and you need to find a broker with access to the exchange if you want to buy GameStop stock. We also advise you to consider a broker that allows you to trade the company’s shares in other forms such as CFDs or indices. This way, you have more opportunities to succeed in trading GME stock.
You probably know that finding the best stock broker in the UK is an uphill climb. For this reason, we have listed below the top three brokers for buying GameStop stock that have been tested and approved by our expert researchers. This is to ensure you have the right tools to buy the company’s shares successfully.
eToro offers plenty of trading opportunities and has become a favourite to many stock traders in the UK. It has a minimum deposit of only $50 for you to access the NYSE and buy GME shares commission-free.
In addition, eToro allows you to trade the company’s shares as CFDs and indices, thereby maximising your potential. What’s more, you will access the social and copy platforms that connect like-minded traders to share trading ideas and copy positions with higher profit potential.
On the flip side, this broker charges high spreads and fees for withdrawals. Using the copy trading feature is also costly, with a minimum amount per trade of $500.
2. IG Markets
IG Markets is an award-winning stock broker that offers over 17,000 assets to trade with. You will trade GME shares as CFDs using quality research materials. It’s also easy to improve your skills at IG Markets since it hosts some of the best learning resources. IG Markets also offers excellent trading platforms to choose from based on your experience level. These include the MT4, ProRealTime, and the L-2 Dealer.
Like other brokers, IG Markets has its pitfalls. First, it has a high minimum deposit requirement of $300 and charges high trading fees. Second, it is best suited for active traders since there is a $50 quarterly subscription fee should you fail to trade at least three times within three months.
3. CMC Markets
Like IG Markets, CMC Markets is a pioneer stock broker with outstanding trading resources to maximise your experience. The broker has a modern-design NextGeneration platform with user-friendly features. It also hosts the MT4 platform, giving you the opportunity to trade GME shares using advanced materials. Additionally, trading this company’s shares is commission-free, and you also get to explore additional assets such as forex, indices, cryptocurrencies, ETFs, etc.
When it comes to CMC Markets’ downsides, the broker does not allow purchasing GME stock as physical assets. We also believe that it hosts limited trading platforms, which can be improved.
How to Buy GameStop Shares With eToro
The above three stock brokers in the UK have more than enough resources to trade GameStop shares successfully. However, you still need to choose a suitable one for you, meaning it should be affordable, reliable and easy to use.
That being said, here is how to buy GME stock with eToro.
The only way to create a trading account with eToro is by visiting its website. To simplify things, we share various links on this page to redirect you to the broker’s website. You will then create a trading account but first, ensure you understand and agree to eToro’s terms and conditions. You can also download and install the broker’s app on your mobile device to easily track your open positions and conduct market analysis.
If you have zero experience trading the stock market, we advise you to sign up for a demo account to practise and learn the activity. Whether you create a demo or live account, you will be required to provide your personal information to register as eToro’s client. This includes name, address, phone number, email, source of income details, etc.
eToro chooses the best trading package for you based on a basic knowledge test that will be provided. You will also be subjected to a margin trading test to determine your leverage limit. This is because eToro allows CFD trading, which carries higher risks when conducted with leverage.
As a standard procedure by all FCA regulated brokers, traders must verify their identities to protect their accounts. For this reason, you will be requested to upload a copy of your ID card or a passport photo. eToro also verifies your residential area by reviewing a recent utility bill or bank statement, which you will be required to share. The verification process may take 2-3 days, and an email notification will be sent once your account is fully activated.
eToro has a minimum deposit of $50 to access the NYSE and buy GME shares. You can also trade the company’s shares as indices or CFDs, whereby you get to speculate on the rising or falling prices of the underlying asset.
Remember to always have a budget when trading the GameStop stock and choose the number of shares you can afford. Also, understand the risks involved in a trading method you use and ensure you conduct a thorough market analysis.
Tips on How to Choose the Best Stock Broker to Buy GameStop Shares
Based on our extensive research, eToro, CMC Markets, and IG Markets are the best stock brokers in the UK to buy GME stock. However, we understand that you may want to conduct the research on your own to choose a suitable broker. In this case, we have listed below the top significant elements to look at and choose the best stock broker to buy GME shares in the UK.
You need to put your entire focus on buying GME stock, and this can only be possible if you use a broker that is licensed and regulated by the Financial Conduct Authority (FCA). Such brokers guarantee the safety of your investment funds and ensure you trade under the best conditions. Since trading using FCA regulated brokers is the only legal way to trade in the UK, you will be in a better position to sue a brokerage firm in case your agreement is violated.
The best stock broker should be reliable and easily accessible. This means you should consider stock brokers with trading apps so that whenever you step out of your trading station, you can still monitor your activities using your mobile device.
Additionally, the broker should have access to NYSE, where GameStop stock is listed under the ticker symbol GME. Also, consider brokers that allow you to trade the shares as CFDs or indices and have additional assets for portfolio diversification.
It is crucial that you find a stock broker with an intuitive design and user-friendly platform to maximise your experience. Most importantly, the platform should execute trades fast and offer adequate trading tools. You should also look for a broker with a demo account since you will be able to test it and practise share trading without spending a single pound.
Do not settle for a broker you cannot afford and end up getting frustrated in the long run. You can identify an affordable stock broker by setting a trading budget and ensuring the broker’s fees and costs fit into it. Also, make sure there are no hidden charges in a stock broker as this is a common challenge most traders go through every day.
As an investor in the GME shares, trading challenges are bound to occur. When this happens, you should have the support of reliable and dedicated customer service to help you handle the issues. So, choose a stock broker with excellent customer service and easily accessible via convenient channels.
The best stock broker for buying GME stock in the UK should be the one meeting your trading needs. However, consider adding current and previous users’ opinions in your research to find the best broker. You will be able to learn more about their strengths and weaknesses, thus making the best choice. To review user comments and ratings, feel free to visit Google Play, the App Store, and Trustpilot.
GameStop Shares Price Today
GameStop share price has been fluctuating throughout the years and it is essential that you understand the current share price to buy or trade the asset successfully. Fortunately, we have prepared this live chart below to help you monitor the performance of GME stock. The live chart also includes historical data and additional information that are crucial in strategy development.
Founded in 1984, GameStop is an American video game, consumer electronics, and gaming merchandise retailer. It is headquartered in Texas, expanding its services across global regions, including Canada, Germany, Australia, New Zealand, Austria, and Italy. The company is the largest video game retailer globally, currently operating thousands of physical stores alongside online retail space.
GameStop IPO was held in early 2002 with a share price of only $18 per share. Since then, the company’s stock has been fluctuating in value until 2019, when it experienced a massive setback due to a shift in tangible video games to online video games shopping and downloading.
However, in 2022, the stock value started rising after selling some of its shares to Reddit’s WallStreetBets users. Its interest in the online retail space clearly indicates that the company has high growth potential. You can buy GameStop stock through an online broker with the ability to access the Net York Stock Exchange, where the shares are listed.
Matt Furlong has been the current CEO of GameStop since May 2022. We hope that his leadership will bring the change GameStop has been looking for. GameStop also processes video game magazines to help market its brand, facilitating sales.
Yes. Any eligible trader can buy GameStop stock through an online stock broker. However, you should ensure that the broker you use has access to the NYSE, where the company’s shares are listed under the ticker GME. Examples of the best stock brokers to buy GME shares are eToro, IG Markets, and CMC Markets.
The best way to buy shares in GameStop is by finding a broker with access to the NYSE, where the shares are listed. Make sure you have done extensive market analysis on GameStop share price before putting up your money. With the best broker, you will make the required deposit, access NYSE, choose the right amount of GME shares and complete your purchase.
Absolutely. Many stock brokers in the UK, including our recommended ones above, have access to NYSE, allowing UK traders to buy GME shares. However, make sure you learn more about the company and conduct the necessary due diligence before investing.
Unfortunately, GameStop does not pay dividends to its shareholders anymore. The decision to not pay dividends came about in 2019 when the company experienced a massive reduction in its annual revenue. We hope to see the company return dividend payments now that it is currently making profits.
No. Although GameStop had a massive setback in 2019 that resulted in it closing hundreds of stores, the company is recovering slowly by showing growth potential, especially in the recent sale of its shares to Wallstreetbets users.
GameStop is a retailer company specialising in video games, gaming merchandise, and consumer electronics.
Do not be intimidated by the notion that consumers nowadays prefer downloadable video games and streaming. While this may be true, tangible video games demand and supply are continuously increasing as well. This is clearly indicated in the recent GameStop company‘s revenue increase.
GameStop may seem in a limbo stage right now but has started concentrating on online platforms geared towards competitive gaming. This is an excellent decision to make the company more stable, thus attracting plenty of investors. In this regard, the best time to invest in GameStop shares is now so that you may earn good profits in the future.