How to Buy Google Shares

Buy and sell CFDs on Alphabet (Google) shares in the Philippines without commission when you open an account with one of these brokers.

Understand how to buy or sell Google stocks online with this step-by-step guide.

Step 1: Get started

Before you place your first trade, you'll need to decide what it is that you are buying. You can either buy shares outright, in which case you'll become a registered shareholder, or speculate on changes in Google's share price through instruments known as CFDs (or Contracts for Difference).

CFDs are also popular with investors like you because they allow you to trade on margin for a fraction of a stock's price. For example, you could buy a CFD on Google stock valued over $100 with a modest US$ 10 deposit through FxPro.com, simply by borrowing the difference from the broker. If Google's share price rises by $10, you'd double your investment. However, you could also stand to lose if Google's share price fell.

Most CFD brokers charge no commission. Instead, they earn a living through the bid-ask spread, helping you save substantial amounts of money vs. traditional brokers. The bid-ask spread is the difference between the price at which you can buy and sell securities from them. Some brokers, such as FxPro, charge a fixed spread at all times, whilst others, like AvaTrade, charge a spread that varies based on market conditions.

Step 2: Open an account online

Visit FxPro.com or AvaTrade.com and open an account online. It's helpful to have a copy of proof of address and proof of identity documents at hand; as most brokers will require that you upload these documents prior to placing your first trade. If you are in a hurry to trade, we suggest funding your account through a debit card, credit card or an electronic wallet. Bank wire transfers can be particularly slow and costly to complete.

Step 3: Place your first trade

Placing your first trade may seem daunting, but it need not be. All brokers in our panel allow you to trade directly from their website or a smartphone app. Click a button to 'buy' and another to 'sell' (or 'short') Google shares directly from the charts. Nowadays, you no longer need to pick up the phone to trade through a dealing desk. Visit FxPro.com and AvaTrade.com to start trading.

As always, be mindful that investing is risky. You could lose the entirety of your investment if your predictions about market movements are incorrect. Leverage will increase both your potential profits and losses, and could reduce your balance to zero. That's why it's important to learn about risk management before placing your first trade, and remember never to invest more than you can afford to lose.

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About the author

I'm Stéphane, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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