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How to buy American Express shares

Top 2 brokers to buy American Express shares
Interactive Brokers
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The best broker to buy American Express shares is Interactive Brokers based on our research. For alternatives and a step-by-step guide to buying American Express shares, read this handy guide.

How to buy American Express Stocks & Shares to Invest in AXP
Best 3 brokers for buying American Express shares

Interactive Brokers Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. Visit broker
Fidelity Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA. Visit broker
Zacks Trade Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash). Visit broker

How to buy American Express Stocks & Shares to Invest in AXP
Steps of buying American Express shares

Ok, so you have decided that you'd like to buy American Express. That's a good start. Now let's see what lies ahead before you can officially say that you are an American Express shareholder!

Step 1: Find a good online broker

When recommending a broker, we take into account different factors, like the broker's fees, trading platform, accessible markets, and how easy opening an account is. Safety is also highly important, but since we only recommend reliable and regulated brokers, you don't need to worry about it.

Step 2: Open your brokerage account

After finding your online broker, you need to open an account. This process is much like a regular bank account and opening one is usually fully digital. At some brokers the process is as quick as opening a new Gmail account, at others, it could take a couple of days while they do some background check on you.

Step 3: Deposit money to your account

You will pay cash to buy those American Express stocks. This cash first needs to be sent (deposited) to your broker. The most common way you can deposit your money is by bank transfer and using a credit/debit card. At some brokers, you can deposit from different electronic wallets like Paypal, e.g. at eToro.

Step 4: Buy the American Express share

Now, you have the account, the cash, and the share target. The last step is to press the buy button! You log in to your online broker, search for American Express share, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares (in trading lingo: execute the buy order).

A couple of hints around this: when placing an order, you can choose from different order types. The market order buys at the actual market price, while the limit order allows you to specify the exact price at which you want to buy the share.

Step 5: Review your American Express position regularly

You are not completely done yet. Now it is key to monitor your investments. This basically means following your investment strategy. For example, if you bought the American Express share for holding it for a longer term, you might participate in the annual meeting and collect all the news and information about the company.

If you plan to sell it shortly after you see some increase in the price, you might use different position management tools. E.g. you can set the target price at which you want to sell the share with a profit, or use the stop-loss to set a price at which you want to sell the share to avoid further losses.

Now that you have mastered the 5 steps of buying shares, take a moment to look at the top 3 brokers we are recommending to you.

How to buy American Express Stocks & Shares to Invest in AXP
Fees for investing in American Express stocks

You have to count with different kind of fees when you are trading with American Express shares.

Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade or $0.005/share.

Needless to say, these are different at each broker. Let's see the fees for trading with American Express shares at our recommended three brokers:

American Express stock fees
Interactive Brokers Fidelity Zacks Trade
US stock Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. Free stock and ETF trading $0.01 per share commission for stocks priced above $1, or 1% of trade value for stocks priced below $1. The minimum fee is $1.
US stock fees class Low Low Low

How to buy American Express Stocks & Shares to Invest in AXP
About American Express

American Express is a US Financial Services company, traded on the NYSE under the AXP ticker. It is known as one of the most well known payment service provider in the world. If you'd like to buy its stocks you need to find a broker that gives you access to the NYSE because that's the main exchange it's traded on (hang tight, we'll get into this in a bit).

How to buy American Express Stocks & Shares to Invest in AXP
Bottom line

How to purchase American Express shares online?

Just follow these five easy steps:

  1. find a broker
  2. open your account
  3. fund the account
  4. buy the share
  5. review your position

It may look tricky for the first time but we are here to help you to buy your first stock.

Author of this article

Gyula Lencsés, CFA

Author of this article

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex, and derivatives markets. He joined BrokerChooser in 2020 and his aim is to make finding the best brokers in a rapidly changing investment world as easy as possible.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex, and derivatives markets. He joined BrokerChooser in 2020 and his aim is to make finding the best brokers in a rapidly changing investment world as easy as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Top 2 brokers to buy American Express shares

Interactive Brokers Fidelity

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