Online business is booming, and investing in companies that specialise in internet content and information could pay off in the long run. For example, Pinterest is one of the leading US-based social companies to invest in. This is because its visual search engine feature has contributed to its increasing revenue, keeping the company in the limelight for investors looking to buy Pinterest shares.
On this page, we guide you on how to buy Pinterest stock. Note that purchasing Pinterest shares requires a stock broker, and for this reason, we have recommended the top three that we believe will fully support your trading and investment activities. In addition, we review Pinterest and have prepared a live chat to help you identify the best time to invest in the company’s stock.
Top 3 Brokers for Buying Pinterest Shares
Pinterest shares are listed on the NYSE market under the ticker PINS. For you to buy PINS stock, you need a broker with the ability to access the NYSE and allow derivatives trading to diversify your portfolio. Finding a broker in the UK is challenging since you must choose the one aligning with your trading needs to increase your chances of succeeding.
TradingGuide experts understand this challenge, and we decided to conduct all the research needed in finding the best brokers for buying Pinterest shares. Below are the top three based on our findings.
1. eToro
eToro features quality tools to help you in market analysis. Its learning resources are plenty, including a virtually funded demo account to get you started. In addition, you will benefit from eToro’s award-winning social and copy trading platforms.
Besides buying PINS stock, eToro allows you to trade Pinterest shares as CFDs and indices, which involves a single investment stacked with plenty of stocks. All these trading and investment activities are conducted commission-free.
To access the NYSE with eToro, where PINS shares are listed, a minimum deposit of $100 is required. Although making deposits is free*, the broker charges fees for withdrawal and high spreads. On top of that, eToro’s copy trading platform is expensive to access.
*A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
✔Low minimum to fund an account and begin investing
- You can use eToro to buy Pinterest stocks or trade the asset as CFDs or indices
- Low minimum deposit requirement to access Pinterest and other featured tools
- Highly rated and regulated platform that operates seamlessly on desktop and mobile devices
- Newbies will benefit more from eToro’s features than professional investors
- Charges £5 withdrawal fees
2. IG Markets
IG Markets offers over 17,000 CFD assets, meaning that you have plenty of opportunities to balance your portfolio. You will buy Pinterest stock on an intuitive design platform that offers quality tools. Like eToro, IG Markets has a social trading platform where like-minded traders meet to share trading ideas and improve their skills. What’s more, you can explore advanced platforms, including MT4 for forex traders, ProRealTime, and L-2 Dealer.
Unfortunately, using IG Markets to buy Pinterest shares is costly, and you need to be an active trader to avoid subscription fees. Additionally, the broker’s minimum deposit requirement is £300, which in our opinion, is high for budget-conscious traders and investors.
✔ Leading broker with low fees
- Easy account opening procedure with fast trade execution speed
- Cutting-edge market analysis resources for strategy development
- Hosts a virtually funded demo account to practise share trading without using real money
- The advanced resources are primarily tailored for professional stock traders
- High minimum deposit of £300 and costly share trading fees
3. Interactive Brokers
You will never get enough of Interactive Brokers since it offers a gazillion of trading tools to explore. Trading PINS shares is commission-free when using the IBKR Lite platform, and there is no minimum deposit requirement. If you want to diversify your portfolio, IBKR hosts additional assets, including forex, cryptocurrencies, commodities, futures, etc. Its low trading charges make it a considerable choice for low-budget traders.
Like eToro and IG Markets, Interactive Brokers falls short in various categories. For instance, its customer service that functions only five days a week can be improved to benefit active investors and traders. Additionally, newbies find the platform a bit complex to navigate.
✔ Top trading platform for advanced
- Low trading fees with no minimum deposit requirement, making it suitable for active stock traders
- A wide selection of learning and research materials
- Numerous additional investment securities for portfolio diversification
- Its platform can be challenging for newbies to navigate
- Most users find its support service response rate low
How to Buy Pinterest Shares With eToro
Now that you know the top three brokers for buying Pinterest shares, you need to register for a trading account and complete your purchase. Note that all FCA-regulated brokers have similar registration processes, which may only vary with a broker’s requirements. In this regard, let’s learn how to buy Pinterest shares by using eToro as an example.
You need to visit eToro’s website to create a trading account and complete your Pinterest shares purchase. Fortunately, we have shared links on this page to easily redirect you to the broker’s website. We hope that at this point, you will have learned everything about share trading and are ready to venture into the stock market. Additionally, eToro has an excellent trading app, and installing it on your mobile device will help you manage your investments whenever you step away from your trading station.
Creating a trading account with eToro is a straightforward procedure, which takes a few minutes to complete. Start by providing your name, email, phone number, source of income details, date of birth, etc. Most importantly, you need to create a username and password for identity and security purposes.
eToro requires all traders to complete a basic knowledge test to determine the best investment or trading package aligned with their skills level. You will also be given a margin trading test to determine leverage limit since trading on leverage is risky and can cause huge losses if you are not keen.
All FCA-regulated brokers in the UK, including eToro, are required by the authority to have all traders verify their trading accounts to keep online trading safe and secure. For this reason, eToro will require you to share documents that prove your identity and location. These include an ID card or passport and a bank statement or utility bill, respectively.
The identity verification process may take upto 48 hours, and once completed, eToro will notify you via email. Your trading account will then be active and ready to invest in the Pinterest stock.
One of eToro’s requirements is that you make a minimum deposit of $100 to access the NYSE market and complete your purchase. Note that this transaction can be made using various methods allowed by eToro, so choose a payment method that will not lag your investment activities.
Once eToro confirms your deposit, you will access the NYSE market and buy PINS stock. The good news is that eToro allows trading of PINS shares as CFDs where you only speculate on the rising and falling prices of the asset. In addition, you can trade Pinterest shares as indices, whereby a single investment includes a combination of different stocks.
eToro is an excellent choice for a diversified portfolio, so consider trying it out using its demo account.
Tips on How to Choose the Best Stock Broker to Buy Pinterest Shares
The recommended brokers above are the best for buying Pinterest stock since they offer adequate support to maximise your potential for profits. However, should they not meet your trading requirements, you will have to conduct the research on your own to find the best stock broker to buy PINS shares.
As mentioned earlier, the research procedure is overwhelming and time-consuming. In this regard, we have shared below the significant elements to consider when choosing the best stock broker to buy Pinterest shares.
There are many stock brokers in the UK, and some of them are not regulated or authorised to extend their services to UK clients. To differentiate between a legitimate and illegitimate stock broker, check whether the Financial Conduct Authority oversees their activities. FCA regulated brokers are safe and secure your trading funds in a separate account. Moreover, you get to trade under the best conditions as stipulated by the authority.
Always settle for a stock broker that you can afford to enjoy your investment or trading experience. Remember, trading and investing are risky, and while it is possible to make profits, there is a chance of losing your investment funds. Therefore, set aside funds you can afford to lose and choose a stock broker that fits it. You can easily do so by comparing charges and costs, including minimum deposit, commissions/spreads, deposits/withdrawals, inactivity fees, etc.
A stock broker’s trading platform should execute trades fast since the share market is volatile, and you need to take advantage of every opportunity as they arise. Additionally, you should get enough support for research and market analysis. Besides investing in Pinterest shares, the best stock broker should offer opportunities to balance your portfolio. These include additional assets such as forex, commodities, cryptocurrencies, ETFs, and more.
Choose a stock broker that is available anytime you want to open or manage your investment positions. Since it’s not possible to stick around your trading station all day, every day, find a stock broker offering a reliable mobile application. You can download the app from Google Play or App Store and install it on your mobile device to purchase or trade PINS stock when on the move.
You should be able to rely on a broker’s support service in case of any trading challenges or concerns. So, find a broker with reliable and responsive customer service to guarantee that any arising issue will be handled fast and effectively. Keep in mind that some brokers’ support services operate 24/7 while others can be reached only five days a week. However, this element should not determine your choice as long as their availability does not affect your trading schedule.
Before diving straight into the actual share market, it is advisable that you practise share trading and investment to be fully prepared. Keep in mind that some brokers’ demo accounts are limited to specific days. Therefore, take full advantage and prepare to venture into Pinterest stock.
Pinterest Shares Price Today
PINS stock is volatile, and its share price keeps on fluctuating. As an investor, it is crucial that you stay abreast with the Pinterest stock price to determine the best entry and exit points in a trade.
For this reason, we have prepared a live chart below for you to track the performance of Pinterest share price. Moreover, you will find additional information and historical data to develop the best trading or investment strategy.
About Pinterest
Pinterest is a US-based public company that specialises in image sharing and social media services. Its visual search engine enables users to find inspiration on various elements, whether recipes, fashion, styles, DIY, home decor, etc. All this information is shared using images, GIFs, and videos.
Pinterest was established in 2009 by Ben Silbermann, Paul Sciarra, and Evan Sharp. Its headquarters is in San Francisco, California, United States and serves millions of clients across the globe every month. Since Pinterest went public in 2019 with only a share price of £19, the company has witnessed growth. Its recent acquisition of the editing and video creation app Vochi shows that the Company is looking for ways to continue developing. With this in mind, investing in PINS stock might be one of the best ideas to grow your finances.
FAQs
Yes. You can buy Pinterest stock through online brokers that allow you to access the NYSE market where PINS stock is listed. We have recommended the best three brokers above, so feel free to choose the one aligning with your investment requirements.
No. Pinterest stock is not expensive since you can buy them as fractions using online brokers. Examples of such brokers are referenced in our mini reviews above.
No. Unfortunately, Pinterest does not pay dividends to shareholders. However, we hope that it will include dividend payment in the near future now that it is making moves to continue developing.
Pinterest is a visual discovery engine whereby users get inspiration from various life activities through images, GIFs, and videos.
Pinterest became famous in 2017 after its initial public offering with a share price of only £19. Since then, it has become one of the most celebrated social sites globally.
Pinterest was created by Ben Silbermann, Paul Sciarra, and Evan Sharp in 2009. To date, Ben Silbermann remains the company’s president and CEO.
Conclusion
Now that you have a clear insight into buying Pinterest shares, it is time to give it a try. Pinterest has shown growth potential based on its recent earnings and strategic moves. Therefore, if you plan to invest long-term, Pinterest shares might be an excellent choice. Additionally, Its volatility can benefit traders taking short-term positions as long as you conduct a thorough analysis and stay updated with Pinitest’s latest share price.
Lastly, do not forget that the best stock broker improves your success chances. Therefore, take your time researching and finding a stock broker by considering elements we have shared on this page. Alternatively, you can choose from our top three recommendations.
25,000 hours of testing 70+ brokers. Our recommended broker is Plus500.
Our recommended broker is Plus500.