How to Buy Apple Shares

Buy or sell CFDs on Apple shares in Nigeria without commission when you open an account with one of the following brokers.

Understand how to buy or sell Apple stocks 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 Apple's share price through instruments known as CFDs (or Contracts for Difference).

CFDs are popular with investors like you because they allow you to trade on margin. You could buy a CFD on Apple's stock currently valued around $320 with a low US$ 100 deposit through AvaTrade.com by borrowing the difference. Leverage can increase your profits because you stand to benefit from changes in the price of the share, even though you deposited a fraction of the share price.

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

Step 2: Open an account online

Compare brokers through our service to find an account that meets your requirements. You should consider their trading conditions - including spreads, leverage and execution methods - as well as security of funds. 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. Importantly, the funding method you choose should be in your own name for compliance purposes.

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') Apple shares directly from the charts. Nowadays, you no longer need to pick up the phone to trade through a dealing desk. Visit AvaTrade.com and FxPro.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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