Several factors will determine your trading success – choice of stock being a major one. Netflix stock is widely popular hence a good option. Thanks to its net subscriber additions resulting in its shares experiencing an upward trajectory. As a result, it has been enticing to many new investors, and the thought to invest in Netflix is just unignorable.
This guide will show you a step-by-step procedure on how to buy Netflix stock. It will also look at the benefits of such an investment and compare the top suitable Netflix brokers. Additionally, we will give you tips on choosing a stockbroker that matches your needs. Lastly, you might be asking: is Netflix shares a good buy? Read on to find out.
Top Brokers for Buying Netflix Shares
Like any other trade, you need a reliable online broker to buy Netflix shares. But, most importantly, your choice of broker should have access to the NASDAQ stock exchange or provide derivatives to trade Netflix shares. NASDAQ lists Netflix shares with a ticker symbol NFLX.
There are many stockbrokers in the market, and settling on one that will meet your trading needs might be challenging. Investors should consider several factors ranging from special offers, investments options, trading platforms, and so on. We have simplified the process for you by reviewing the best brokers to trade your Netflix shares.
1. Plus500
*Illustrative prices
Plus500 is a top broker offering a comprehensive solution to traders looking to engage in Netflix shares via CFDs. Although direct ownership isn’t possible, Plus500’s platform ensures a seamless experience, as it is user-friendly with fast trade execution speed. With a low minimum deposit requirement of £100 and commission-free trades, CFD traders are guaranteed low-cost Netflix share trades. Plus, its leverage limits provide flexibility, reaching up to 1:5 for retail traders and 1:20 for professionals. If you are a beginner, we advise you to get started using the broker’s demo account, thus avoiding risking your hard-earned money while still boosting your confidence.
We like Plus500 because it not only lists Netflix shares but also additional global stocks, including Microsoft, Google, Starbucks, and more. Plus, users can diversify their portfolios using other asset classes, including forex, commodities, ETFs, indices, and more. Overall, we find Plus500 the best broker for newbies and professional stock traders as it has found a balance for both parties in its offerings.
✔ Regulated in many countries
- Low minimum deposit requirement
- Commission-free Netflix share trades
- Quality learning resources
- A user-friendly and customisable trading platform
- No buying and taking ownership of Netflix shares
- No third-party tools or platforms
Note: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2. eToro
eToro is among the best social and copy trading platforms. If you are an inexperienced Netflix trader, you can discuss strategies with the knowledgeable online community in real-time. In addition, you can copy successful Netflix investors and perform as well as they do. eToro’s trading platform is user-friendly with a choice of web platform and mobile app. Thus, buying and trading Netflix stock is easy, straightforward, and commission-free.
One of the main drawbacks of eToro is its trading account, whose base currency is in USD. Therefore, you will have to pay for currency exchange when depositing and withdrawing. In addition, the broker charges fees for withdrawals and its spreads are also high.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% 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.
Zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. Your capital is at risk. For more information, click here.
✔Low minimum to fund an account and begin investing
- A great choice for beginners and those with limited time thanks to the copy and social features provided
- Has been around since 2007 and has more than 17 years of experience offering online trading
- The best online stock broker in the UK according to our research and testing
- Mainly aimed at copy traders, making it somewhat limited in case you’re not into that
- One of the more expensive online brokers available in the UK at the moment
3. IG Markets
IG Markets is among the most celebrated and trusted online brokers globally. The broker draws its reputation from the regulation of several top-tier regulators across different jurisdictions. Thus, IG Markets is safe for buying Netflix shares. With its award-winning platform, you can trade Netflix shares and CFDs and over 17,000 other different markets under one login. In addition, you have the opportunity to enjoy advanced features, including the L-2 Dealer, ProRealTime, and MT4 platforms.
On the downside, IG Markets has a high minimum deposit balance of £300. What’s more, its trading costs are relatively high and has a £50 quarterly subscription fee if you do not trade more than three times within three months.
✔ Leading broker with low fees
- One of the largest selections of stocks offered by any stock broker in the UK right now
- Invest, trade, buy and spread bet stocks as you wish on several award-winning trading platforms
- Was founded in 1974 and is effectively one of the oldest brokers in the UK and a part of the FTSE 250 Index
- A staggering number of stocks that can be overwhelming to beginners, creating doubt leading to unnecessary mistakes
- An advanced broker that requires skill and experience to be handled in the right way
4. AvaTrade
AvaTrade has specialised in trading CFDs and forex, making it qualify as one of the best picks for trading Netflix shares as CFDs. Just like eToro, it provides for copy and social trading. You can easily copy Netflix trades from experienced investors and make profits when they do. With AvaTrade, your research process is made easy for you. All the relevant educational materials on Netflix are available.
On the downside, AvaTrade’s product portfolio is limited. As a result, it will only allow you to trade CFDs on Netflix and deny you the opportunity to buy the shares from the exchange.
✔ Quick deposits and withdrawals
- AvaTrade’s trading app is one of the best stock trading apps in the UK, having won several prestigious awards
- Has an impressive copy trading and automated trading platform to help you trade efficiently
- One of our personal favorite brokers that several in our team use themselves when trading online
- Less than 2,000 assets offered means AvaTrade has one of the smaller selection of assets and stocks
- Can be quite basic for some more experienced traders
How to Buy Netflix Shares With eToro?
Buying Netflix shares or any other shares might appear to be easy (and it can be). However, the wrong choice of an online broker might complicate the process. Online brokers discussed above have a pretty straightforward buying procedure. Below, we will guide you on how to buy Netflix shares in the UK with eToro.
Signing up for a trading account with eToro is a pretty straightforward procedure. No lengthy paperwork is involved. Instead, you simply sign up by entering your personal details and choosing a username. In addition, you provide your phone number, email address, age, and more details for account safety purposes. Once the process is complete, the account is up for real-time trading upon completion of your profile.
This step is vital for your account protection. It covers your essential personal identification. You will be required to upload and submit proof of identity. Examples are; valid passport or any other form of an officially issued photo. In addition, a confirmation of your residence is also mandatory, such as a valid utility bill or bank statement dated to the last three months.
You then fill in a questionnaire to help eToro custom-tailor a service package for you. The verification process takes a few hours to a few days, and eToro will notify you once the account is verified. A green tick next to the user’s username indicates a verified account. eToro sends a detailed email with reasons in the case of rejected documents.
Funding your eToro account is a simple process. All you have to do is log into your account, click ‘deposit funds,’ enter the amount while selecting the currency. Then, finally, choose your preferred payment method, whether debit card, e-wallet, or bank transfer.
The deposit process is safe and secure, with your personal information kept safe. The minimum first deposit on eToro is $100 for UK traders.
It is crucial to familiarise yourself with eToro’s platform. Remember, you can switch from the demo account to the real account by clicking an icon under your profile name. So, as mentioned earlier, make use of the £100,000 in virtual money offered on the demo account. Use it to try the different trading strategies you intend to use when trading live.
There are various ways to trade Netflix shares on eToro. That is by taking ownership of the physical asset, trading them as CFDs or indices. Therefore, choose the number of shares you can afford and complete your purchase. Finally, select the correct order type and remember to always stay abreast with Netflix share price performance to know when to open and close positions.
Tips on How to Choose the Best Stock Broker to Buy Netflix Shares
Your choice of an online broker will matter to a large extent, determining your Netflix trading success. Brokers offer different features, and it is crucial to settle on one that meets your trading needs. There are several factors to consider when choosing an online stock broker. Below are a few important to consider before buying your Netflix shares.
A broker’s reputation and safety features should be critical to you. So settle on a broker with high rankings and reviews. Reputable brokers are those that top-tier financial regulators oversee, stock brokers in the UK should be regulated by the Financial Conduct Authority (FCA). It would be a shame to get yourself in a scenario where an unscrupulous broker scams you. Also, note that you can only open a brokerage account with an online broker permitted in your country.
NASDAQ lists Netflix shares under the ticker symbol NFLX in its exchange. You will need a broker to provide you with access to this exchange if you intend to buy Netflix shares and take full ownership of the assets.
However, if you are trading the shares as derivatives, ensure the stock broker allows you to do so. Unfortunately, not every online broker has access to NASDAQ. Settling on such can only mean you get to trade Netflix shares as derivatives (CFDs), which can be disappointing for traders looking to take ownership of the underlying asset.
Choose a broker that will provide a user-friendly trading platform. You would want a fast execution time platform, which comes in handy for short positions. Trading tools are also another vital aspect of a platform. Settle on a broker whose platform readily provides for such tools.
In addition, factor in the type of research and educational tools you might need to succeed for your Netflix trade. In addition, a demo account will be necessary if you are a new trader. Consider that on your choice of broker.
Most traders work with a fixed budget, so pick a broker that fits right into your budget. It will not make sense to end up losing money to broker charges. Carefully consider the commissions and fees charged by the brokers for conducting Netflix trading. Also, consider the margin rates that they offer.
Investors working on a low budget should consider brokers who offer leverage and fractional shares. Most, but unfortunately not all, brokers in Uk offer this service.
Brokers offer different types of accounts. Your investment purpose should drive the kind of account hence your choice of broker. For example, if you have a long-term investment purpose, such as your retirement, open an individual retirement account (IRA). On the other hand, taxable investment accounts are suitable for investment for short-term goals.
Netflix Shares Price Today
You must be asking yourself what Netflix share price is and how much it is to buy Netflix stock. Fortunately for Netflix, the share price has continued rising despite the economy’s condition. Thanks to the company’s way of controlling the churn predicted by analysts. It has come up with new ways of keeping people away from pay-TV. It has achieved this by venturing into other fields such as video gaming. As a result, today, the Netflix share price stands at £657.58. A share price better than the record posted in the middle of the pandemic.
About Netflix
Netflix is an American-based company founded in 1997 by two entrepreneurs, Reed Hasting and Marc Randolph. It has its corporate headquarters in Los Gatos, California. The company started as a subscription DVD by mail service and has undergone several transformations.
Today, it has a commanding lead in the streaming video market. As a result, it has led to investors bidding up its stock. Besides providing subscriptions to streaming movies and television episodes over the internet, It has maintained its initial DVD mail services. It operates under three segments, domestic streaming, international streaming, and domestic DVD.
The company boasts a paid streaming membership of over 213 million subscribers. The subscription is across over 190 countries with various genres and languages.
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FAQs
Yes. All you need to do is find a reputable online broker with access to the NASDAQ exchange. Then, open a stock trading account, fund it, and buy the shares.
The Vanguard Group, Inc. holds most shares in Netflix, with 31,506,597 shares translating to a shareholding of 7.11%.
Yes. Netflix has several subsidiaries within the US and in other jurisdictions, including the Netherlands, Japan, UK, France, and Germany.
Netflix Inc is an American-based company that was founded by two American entrepreneurs-Reed Hastings and Marc Randolph, in 1997. It has its headquarters in Los Gatos, California, United States.
Yes. The company has doubled its year-to-year profits. In addition, its first-quarter bottom line had an improvement of 140% on net income.
No, Netflix does not pay dividends. One of the main reasons for this is that most of the profits that the company makes are reinvested into the company and for production of new shows and movies. Therefore, you shouldn’t expect Netflix to start sharing their profits with shareholders any time soon.
Conclusion
Netflix Inc. has maintained a commanding lead in the online movie rentals and home video market industry. As the leading streaming service provider, its stock is always in the limelight. As a result, investors are always eager for any updates on the business trajectory. Luckily, the company just released its latest quarterly numbers, indicating that it is financially strong.
The financials stand out because the company no longer needs external funding to run its day-to-day operations. In addition, the management believes it will sustainably produce cash flow on an annual basis, starting 2022. This is after breaking even on free cash flow in 2022. Thus, this is a strong indication that the company is turning around financially.
Are you still sceptical about buying Netflix shares? We are hopeful that the guide has given you many reasons to be optimistic about the streaming leader.
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25,000 hours of testing 70+ brokers. Our recommended broker is Pepperstone.
Our recommended broker is Pepperstone.