Top 2 brokers to buy Equinix stock
Interactive Brokers
4.9
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Fidelity
4.9
Read review

Like most of us, you've probably imagined buying stock in a company that skyrockets in value within a couple of years. Or perhaps you're more of a trader, trying to time your buy and sell transactions in Equinix shares so that you can pocket some quick profits?

The good news is that you don't need huge amounts of money to start your investing journey – some people start with $100 or less. More and more brokers are even allowing the purchase of fractional shares. And you can do all of this completely online, from the comfort of your own home.

We cannot give anyone investment advice, which means we do not specifically advise you to buy or sell Equinix stock. This article explains in layman's terms how you can buy stock in companies in general, taking Equinix as an example, but this by no means should be considered investment advice.

How to buy Equinix stock
Overview of Equinix

Equinix is a US real estate company, its main trading venue is the NASDAQ. The ticker of Equinix is EQIX. It is known as multinational internet and data center provider company..

To buy the stock you need a broker that gives you access to the NASDAQ because that's the stock exchange it's traded on.

Now let's take a look at the five steps of buying the stock!

How to buy Equinix stock
The five steps of buying Equinix stock

Let's see what lies ahead of you before you can officially state that you are a shareholder in Equinix!

Step 1: Find a good online broker that suits your needs

Not all brokers allow you to buy stock in Equinix, simply because they don't have access to the NASDAQ.

For beginners, we recommend choosing a stockbroker where you can buy the actual shares of the company.

In contrast, some CFD brokers offer you the opportunity to bet on the price movements of some popular stocks; some might even offer Equinix as a so-called stock CFD (contract for difference). While this might be a good idea for some short-term traders, there are many drawbacks to it: for starters, you'll need to pay the broker a so-called financing charge as long as you hold the CFD. This could add up to a significant amount if you hold the CFD for more than a few weeks.

The next important thing to consider with a broker is that it should fit your personal needs. Some brokers are super expensive if you just want to buy a couple of Equinix shares, while some brokers can be absolutely free

Furthermore, not all brokers allow citizens from any country to open an account with them. Based on your IP address our system has made an educated guess that you might want to find the right broker for the purchase of Equinix stock as a resident of the United States.

When recommending a broker, we take into account different factors, like the broker's fees, trading platforms, and how easy it is to open an account. Safety is also highly important, but since we recommend only safe brokers, you do not have to worry about it.

Here are the top 5 brokers for residents of the United States to buy stock in Equinix:

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. Read review
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
TD Ameritrade TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. Read review
E*TRADE E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background. Visit broker

Alternatively, you can also use our broker finder tool to find the right broker tailored to any specific need you might have.

Step 2: Open your brokerage account

After finding the best online broker for you, you need to open an account with them. This is usually a quick and fully online process. You'll most likely need to send a photo of your ID card, passport or driver's licence to verify your identity and also provide a recent utility bill or bank statement with your current address. Keep in mind that it can take some brokers a couple of days to process these documents.

Step 3: Deposit money to your account

You will need to deposit money to your new account to buy Equinix stock. The most common ways you can deposit your money is by bank transfer or credit/debit card. At some brokers, you can also use various electronic wallets, such as PayPal.

While some brokers will allow you to buy stocks on margin, we don't recommend this to beginners. So for example, if you want to buy shares in the value of $/€500 then you should deposit the full $/€500 amount, plus some change to cover the expenses. More on that in the fees section.

Step 4: Buy the Equinix stock

You have opened your account and deposited money on it. The last step is to place an order to buy the stocks in the company!

You need to log in to your online brokerage's trading platform and search for Equinix stock by entering its name or ticker, which in this case is EQIX. You should also enter the number of shares you wish to buy.

You don't necessarily need to buy all the shares you want in the first transaction; you can spread out your purchases and buy the second batch the next day, month or year. This is called dollar-cost averaging, or scaling in to a position.

When placing an order, you can choose from different order types. A market order buys the selected stock at the current market price. This means that if the NASDAQ is open (e.g. it's not a public holiday), your order will be executed instantly. The number of shares in your order multiplied by the current market price will determine the full amount you’ll invest in the above transaction.

On the other hand, you might want to wait for a better price and place a limit order, which allows you to specify a lower price at which you want to buy the stock. These orders are by default usually valid for that day only. If during the trading session of the day the price of Equinix falls to the value you specified, your broker will fill your order and you will have managed to scoop the shares at a better price. Congratulations!

If you want, you can change your limit order to GTC, which means good-till-cancelled. This way, if the price does not hit the level you specified on that day, it will remain in the books, waiting to be filled later, whenever the price target is reached. You can change or cancel your order at any time.

Once your order is filled, the money needed to fund the purchase will be deducted from your brokerage account. You no longer have that money, but instead you own the stock.

Step 5: Review your Equinix position regularly

If you bought stock in Equinix with the intent of holding them for a longer term, then it is a good idea to monitor your investment and review it periodically. Go to the Equinix website, find the Investor Relations section and subscribe to updates, news and quarterly results announcements. Read the latest presentation of the company. These company pages are usually set up to make financial information easier for investors to analyze.

From time to time it makes sense to consider whether the Equinix stock still has a place in your portfolio or if it might be better to sell some or even all of it.

On the other hand, if your plan was to trade the stock, for example to sell it within a short period after the price goes up somewhat, there are various position management tools that might come in handy. For example, you can set a target price where you want to sell the shares at a profit, or use a stop-loss order to set a price at which you want to sell the stock to avoid bigger losses.

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

How to buy Equinix stock
Best 5 brokers for buying Equinix stock

Here are the top 5 brokers for residents of the United States to buy stock in Equinix:

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. Read review
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
TD Ameritrade TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. Read review
E*TRADE E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background. Visit broker

Alternatively, you can also use our broker finder tool to find the right broker tailored to any specific need you might have.

How to buy Equinix stock
Fees for investing in Equinix stock

There are several different kinds of fees you should count with when trading Equinix stock.

Commissions are fees charged by brokers that are based either on the traded volume or a flat fee per trade. It is usually charged on both your buy and sell orders. For example: a 0.1% fee would mean $1 for buying or selling shares in the value of $1000.

Some brokers offer zero-commission trading for stocks. US investors especially have a very wide selection of free stock trading apps at their disposal.

Zero-commission is especially useful if you trade relatively low volumes, like buying stocks for less than $500 per trade, because you won't be hit with any minimum fees the broker might charge.

While most investors rightfully think you can't really beat "zero", there might be reasons why some traders still prefer to pay a low fee for the best execution. For example, some zero-commission brokers have trade execution systems (like routing your orders to specific market makers) that might be unfavorable under certain market conditions, especially for traders using market orders (as opposed to limit orders, which seem to be less affected).

Let's take a look at the commissions for trading Equinix stock at our recommended five brokers:

Fees for buying $2,000 in Equinix stock
Interactive Brokers Fidelity Zacks Trade TD Ameritrade E*TRADE
Fee $1.0 $0.0 $1.0 $0.0 $0.0
Fee class Low Low Low Low Low

There are also some other fees, like currency conversion fees, which might be relevant for some of our readers. You can read more about them in our article on the topic.

How to buy Equinix stock
How to reduce risks

Investments always come with some risk, and investing in Equinix is no exception. Please take the time to review the following tips from BrokerChooser that help you to reduce some of the risks. You can also read more about market risk and other types of risks.

Only use safe and regulated brokers

Unfortunately, not all online brokers have a stellar reputation. Some are outright scams and not even regulated by any financial authority. When buying stocks online, go with our broker selection. We have an active account with the brokers we selected and we test them regularly. All brokers featured on our website are regulated by at least one top-tier authority.

What happens if the price of the stock drops?

We recommend that beginners should not trade on margin. This means that you should only buy stocks that you have the money for, and not borrow funds from the broker in order to buy more. Deposit enough money in your account and buy the number of shares you want. This way you can ensure that you won’t get a margin call if the price of your stock drops significantly. In this case, since you’re not using leverage, even if the stock price goes to zero you cannot lose more than your initial investment. In a downturn, you can either cut your losses by selling all or part of your stocks or you can hold on to your position if you expect the price to recover eventually.

Diversify your portfolio

Buying individual stocks can be very risky. An unforeseen event, regulatory changes affecting the industry, or legal action against the company – any of these can cause a huge drop in the stock price. There are many examples of market-darling companies fading and even going out of business as years go by.

To mitigate this risk it is recommended that you diversify your portfolio. From a broad perspective, you should start with your asset allocation – dividing your investments among stocks, bonds and other assets, taking into consideration your risk tolerance. You should diversify your stock holdings as well, i.e. buy shares in different companies. Do not put all your eggs in one basket!

Usually, it's not recommended to have more than 5% of your net worth in any individual stock. You should aim to have at least 8-10 different stocks or even more in your stock portfolio, preferably across different sectors and markets. For example, Equinix operates in the real estate sector. If your other stock holdings are also in the same sector, then that is a concentration you might want to avoid.

How to buy Equinix stock
Bottom line

How to purchase Equinix stock online?

Just follow these five easy steps:

  1. Find a good online broker that suits your needs - we are here to help you choose!
  2. Open an account
  3. Fund your new account - usually by bank transfer, card or e-wallet
  4. Locate Equinix in the app or other platform your broker provides and enter a buy order
  5. Review your position from time to time

It may look tricky at first, but all you need to do is go step by step. Try it out if you want to become a shareholder in Equinix!

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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

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Top 2 brokers to buy Equinix stock

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