When searching the Internet for the most successful online stores, one name always comes up, that of Amazon. The brand is the undisputed leader in the online retail shopping sector. A state-of-the-art technology, almost infinite product catalog, and an aggressive e-commerce business model virtually eliminate the possibility of consumers not coming across and in most cases using Amazon.
The company is part of the so-called Big Five which comprises the largest brands in the information technology industry in the US. The relentless success of the brand arouses admiration, but also envy. Over the past year, Amazon has battled a wave of fake reviews on online platforms aimed at discrediting the company.
How Amazon Stock Trading Works for Traders and Brokers
Amazon left the private sector and offered its shares to the public via an initial public offering (IPO) in 1997. Notwithstanding the above-mentioned turmoils, AMZN stocks attract the attention of both optimistic traders and skeptics who doubt that share price can continue to grow despite the long existence of the platform in such a highly competitive environment. Millions of Amazon shares are bought and sold on the stock market every day. Between 2012 and 2022, the e-commerce company’s share price rose by about 1,500% which is why AMZN stocks are popular both among retail traders and professional investors.
The Amazon stock is listed on the Nasdaq stock exchange. It is the fourth largest component of the S&P 500 index and is also part of the technology-focused Nasdaq 100 index. Although the brand has gone a long way after its foundation as an online bookstore, it still falls within the consumer discretionary sector.
Amazon Stock Trading Methods
Unlike stock indices, individual company stocks can be traded directly. Direct investments require using a share dealing platform and involve actual ownership of the respective asset. Traders who prefer operating with lower risk, usually decide to join an online stock broker and perform derivatives trading. Contracts for difference (CFDs) and spread betting enable speculating on price movements of Amazon stocks without possessing them. Another option today’s trading brokers offer is investing in exchange-traded funds (ETFs). They provide for risk diversification as ETFs track the performance of different companies in a particular industry sector.
Top Amazon Stock Brokers
Reliability, trade execution, and fees are key factors you better consider when choosing a brokerage company for your Amazon stock trading experience. Not all stock brokers are created equal of course. Just the contrary, they offer quite a variety of platforms, applications, and tools suitable for traders with different levels of expertise and trading style. To make it easier for you to choose, we have selected ten brokerage companies that have strong regulation and competitive trading conditions.
- 1. AvaTradeMin Deposit$100 (credit cards)FeesOvernight interest (daily):
- Sell: -0.0144%
- Buy: -0.0189%
CommissionsNoneSpread0.13Leverage EU5:1Leverage non-EU10:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.AvaTrade calls itself a grandfather of the online trading industry and given its period of operation of more than 15 years, the brokerage seems to have all the reasons to do so. The brand has had enough time to study the trading habits of users from many parts of the world and today provides them with a wide selection of platforms, lots of markets, and comprehensive educational content.
In addition to the multi-jurisdiction licensing of AvaTrade, a reason for the huge client base of the broker is that it has created nearly 30 language versions of its main website. Although English is considered an essential part of modern business worldwide, the ability to read crucial information such as trading conditions for Amazon stocks is considered a major advantage, especially by retail traders.
AvaTrade has developed its own trading platform that is web-based without the need for download and installation. WebTrader is known for its simplicity and a decent range of trading tools including AvaProtect™ that allows for protecting a particular trade from losses. AvaTradeGo is the mobile version of the proprietary desktop platform and comes with no shortages on important functionalities. MetaTrader 4 and MetaTrader 5 are also available, so there is hardly anything else to wish for.
- 2. IQ OptionMin Deposit€20Fees
- Long swap: -10.59%
- Short swap: -7.41%
CommissionsNoneSpreadFrom 0.713%Leverage EU5:1Leverage non-EUN/ACFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% 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.IQ Option is a Pan-European trading broker licensed by the Cyprus Securities Exchange Commission (CySEC). It can also be found in the registers of the respective regulatory bodies in Italy, Spain, France, the Netherlands, Estonia, and the Czech Republic. The brokerage has been expanding since its foundation in 2013 and today enables traders to operate with stocks, Forex pairs, commodities, cryptocurrencies, and ETFs all of which are traded as CFDs.
The portfolio of IQ Option includes 192 stocks that can be traded via contracts for difference. To see all the offerings in this category, just click on the For Traders tab and an extensive table will show up. As regards Amazon stocks, they come with a minimum spread of 0.713% and a requirement for a minimum margin of 20%. Most numbers are dynamic, so you better check the schedule once a week since it is automatically updated every Monday.
IQ Option has made sure its clients can trade no matter what their preferred device is. The proprietary trading platform is available as a desktop application for devices with Windows and Mac operating systems as well as a mobile trading app for iOS and Android. The platform features a user-friendly interface enabling traders to use a wide selection of trading tools including saving templates with chosen analysis indicators.
- 3. FP MarketsMin Deposit$100FeesHolding cost:
- Long: -5%
- Short: -2.5%
Commissions$0.02/share for NYSE/NASDAQ, min $15SpreadDirect pricingLeverage EU5:1Leverage non-EU20:1Trade Responsibly: Derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors.FP Markets is an international trading broker that enjoys one of the highest customer appraisals today. A check of the Trustpilot platform showed that 97% of nearly 3,000 reviews give an Excellent or Great rating. In their majority, traders express admiration for the superb customer support service.
The headquarters of FP Markets is located in Australia so the broker is regulated by the Australian Securities and Investments Commission (ASIC), which is among the top-tier regulation bodies. Even if the Australian market is the main focus of the brokerage, European users are not underprivileged. FP Markets holds a license issued by the Cyprus Securities and Exchange Commission (CySEC) and provides no shortages of trading markets and payment methods. Traders from other parts of the globe are also authorized to operate with the broker thanks to its registration in St. Vincent and the Grenadines.
FP Markets allows for trading more than 10,000 share CFDs as well as stock CFDs, indices, and others. In terms of platforms for stock CFD trading, the choice comes down to Iress, MetaTrader 4, and MetaTrader 5. What is distinctive about the Iress platform is that it offers transparent DMA pricing and related real-time price streaming.
- 4. eToroMin Deposit$10 - $10,000FeesNoneCommissionsN/ASpreadDirect pricingLeverage EUN/ALeverage non-EU10:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
Reviews about eToro often start with laudations and detailed description of its copy and social trading segment. This should not surprise you since the trading broker is a pioneer in this regard, whose advantageous practice was subsequently followed by many of its present-day competitors. However, eToro is much more than a platform for copying the strategies of top-performing traders.
The brokerage operates in more than 140 countries and offers stocks, cryptocurrencies, indices, ETFs, and commodities via a proprietary user-friendly trading platform. A mobile application has also been developed that shrinks the functionalities of the desktop platform to the small screens of modern mobile devices. A highly valued feature of the platform is one-click trading. It was introduced with everyday traders in mind who like to trade the same instruments with the same positions in different parts of the day.
Users of eToro can trade 2,000+ stocks from 17 exchanges with a zero commission. For ASIC-regulated accounts, the no commission conditions apply only to US stocks. Another advantageous aspect of stock trading via this trading broker is that overnight fees are not charged for non-leveraged buy/sell positions regardless of what the holding time is. Keep in mind that stock CFDs are a separate asset category and are subject to a different pricing policy.
- 5. XM GroupMin Deposit$5FeesSwap rate:
- Long: -3.2%
- Short: -2.8%
CommissionsFrom $0SpreadFrom 5.85Leverage EU5:1Leverage non-EU5:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% 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.When describing XM, an award-winning trading broker licensed by CySEC, ASIC, and IFSC, we can present only impressive numbers – more than 600-membered staff speaking about 30 languages, an increasing number of registered clients (currently just above 5,000,000), and less than 1 second order execution speed. Adding to that the presence of zero commission and competitive spread levels, no wonder there is so much interest in this brokerage.
We can safely say that the selection of stock CFDs XM offers is one of the most extensive in the market. There are just above 1,260 stocks from 18 countries. Fortunately, the broker has not scattered the important financial information into different sections and submenus, but on the contrary, everything is systematized and presented in a way that is understandable even for novice traders. Thus, only with a couple of clicks we found out that spreads for Amazon stocks start from 5.85 and the current maximum trading volume per client is 825 lots.
Although XM advertises itself as offering 16 trading platforms to its clients, they are actually different versions of MetaTrader 4 and MetaTrader 5 accompanied by an in-house developed mobile trading application. Even so, the variety is enough to satisfy the preferences of any type of trader.
- 6. Markets.comMin Deposit$100FeesOvernight interest:
- Buy: -0.0354%
- Sell: -0.0257%
CommissionsNoneSpread0.51Leverage EU5:1Leverage non-EU5:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.Markets.com is a well-regulated online trading broker that is known for its innovative approach and high-quality CFD trading services across shares, indices, cryptocurrencies, and others. The shares section of the platform includes 15 primary brands and hundreds of other stocks that can be filtered according to their region coverage or industry sector. In the below table we have summarized the pricing information related to Amazon stocks. Keep in mind, however, that most of the numbers are indicative only and it is necessary to check spreads and overnight interest rates before initiating a trade.
The deposit and withdrawal methods supported by Markets.com are fast and fee-free, including credit/debit cards and electronic wallets. The minimum deposit requirement of $100, although not the lowest on the market, is quite affordable and is not considered a noteworthy hindrance to joining the brokerage.
The broker provides its clients with an abundance of fundamental, technical, and sentiment tools so that they have a better view of the market and analyze the indicators relevant to decision-making. One of these tools is Bloggers Opinions which allows following 50,000 financial experts and bloggers. Information can be filtered by period, blogger rating, or stock.
- 7. AxiMin Deposit$0FeesDaily changeable finance ratesCommissionsNoneSpreadDirect pricingLeverage EU5:1Leverage non-EU20:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.1% 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.
Axi is a trustworthy trading broker offering commission-free share CFD trading, affordable conditions, and excellent educational content. The lack of a minimum deposit requirement and the markedly extensive and understandable tutorials, webinars, ebooks, and others, make this brokerage the perfect option even for users who are just entering the field of online stock trading.
If you decide to set up an account with Axi, you can choose between 50 stocks including Amazon. You will not find any exact numbers in terms of stock-related spreads or fees since the brokerage applies the direct pricing principle and the corresponding values are amendable even within one working day. Leverage is usual for the market – 5:1 for the EU and 20:1 for the other eligible regions. Axi is lacking a CFTC regulation meaning its usage in the US is not allowed.
There are three account types supported by the trading broker. Most suitable for beginners is the Standard Account since it features tight spreads, no commission, and a $0 minimum deposit. Experienced and actively operating traders would probably prefer the Pro Account that comes with more favorable spreads in exchange for a $7 commission. Professional traders who are ready to deposit at least $25,000 can take advantage of the Elite Account and all its perks including but not limited to VPS & analytics tools and exclusive market analysis.
- Min Deposit$50FeesSwap rates visible through MT4CommissionsFrom $0Spread0.65Leverage EU5:1Leverage non-EU5:1Risk Warning: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle. BlackBull Markets does not accept client applications from Canada and the United States.
BlackBull Markets is a New Zealand-based ECN broker offering over 300 tradable instruments across several asset classes. The brokerage’s clients who come from more than 180 countries can take advantage of institutional-grade trading conditions, such as ultra-tight spreads, fast order execution, and zero commission on Standard accounts. BlackBull Markets has won many awards, with one of its impressive achievements being a three-time placement in the Deloitte Fast 50 Index.
Traders who set up accounts with BlackBull Markets have quite a good choice in terms of desktop, web, and mobile trading platforms. In addition to the widely used MetaTrader 4 and MetaTrader 5, the broker boasts of its cooperation with TradingView, an increasingly popular charting and social trading platform that comes with more than 100 built-in trade indicators and a vast user base. In January 2022, the brokerage launched a new specialized platform called BlackBull Shares which gives access to over 23,000 shares from 80+ global markets.
Unlike other popular trading brokers, BlackBull Markets does not share much information about its pricing conditions with the general public. Amazon stocks are within the catalog of the company, but exact spread values, swap rates, and other fees are visible after logging into your account. Minimum deposits vary between $50 for ECN Standard Accounts and $20,000 for ECN institutional Accounts.
- Min Deposit$100FeesNo fees on FX or CFD productsCommissions$0.05 - $2Spread119/20Leverage EU5:1Leverage non-EU5:1Margin trading involves a high level of risk and is not suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Blueberry Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products, which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford to incur losses that will not adversely affect your lifestyle.
Over the past few years, a number of top-notch trading brokers were established in Australia, and among the most prominent representatives of this group is Blueberry Markets. The brand quickly gained a reputation as a reliable brokerage that provides a safe and professional trading environment. Among other trading assets, the portfolio of Blueberry Markets accommodates 300+ stocks with the most popular being the ones of Amazon, Apple, Walt Disney, JP Morgan, Coca Cola, etc.
While exploring the trading conditions offered by the brokerage, we noticed a significant discrepancy between AU and US shares. Trading the first comes with a $0.05 commission while the commission fee for American stocks is $2. Spread values are readily available for everybody to check but the relevant swap rates are only visible to registered users of either the MetaTrader 4 or MetaTrader 5 platforms.
Blueberry Markets allows its clients to choose between two types of live accounts as there is also the possibility of opening a demo account first. There is a $100 minimum deposit requirement for both Standard and Direct accounts that can be used for the same number of tradable instruments with equal leverage and minimum trade size. As with other trading brokers, trading costs with the Standard account are incorporated in the spread.
- 10. IC MarketsMin Deposit$200FeesNoneCommissions$0.02/share for NYSE/NASDAQSpreadDirect pricingLeverage EU5:1Leverage non-EUVariesTrading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Since its establishment in 2007, IC Markets has gained a reputation as an outstanding trading broker that ranks high in end customer reviews. The brokerage is a preferred choice of lots of traders from almost all parts of the world due to its rich selection of stocks traded on the ASX, NASDAQ, and NYSE exchanges (currently over 1,800) as well as its good set of account types and lack of non-trading related fees.
IC Markets provides a superb order execution thanks to the implemented modern ECN technology that enables automated trading and scalping strategies. A quick reference to the main website of the company shows that traders can work via the cTrader, MetaTrader 4, and MetaTrader 5 platforms. However, in case your intention is to deal with stocks, your only option is MT5.
Regardless of the type of account you decide to set up, you will be allowed to fund it with no less than $200. The accepted currencies are AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF. The supported payment solutions include credit and debit cards, digital wallets, online transaction services, and some other local payment methods. If any transaction fee is charged, it will be on behalf of the payment service provider, not IC Markets.
