Can I buy US stocks at Oanda as of July 2024?
I am an active trader, and I've thoroughly tested Oanda's services with our analyst team by opening a real-money account. Here's what you need to know about US stock trading at Oanda:
- You can trade US stocks at Oanda.
- The cost of trading US stocks at Oanda is .
- Altogether, you can trade on 5 global stock markets at Oanda.
- US stocks can serve as a cornerstone of a well-diversified stock portfolio.
🇺🇸 US stock trading fees at Oanda | Free stock trading |
🇺🇸 US stock trading fees at Oanda compared to other brokers | - |
💰 Oanda withdrawal fee | $0 |
💰 Oanda minimum deposit | $0 |
💰 Oanda inactivity fee | Yes |
📃 Oanda deposit methods | Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller |
🗺️ Country of regulation | USA, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands |
🎮 Oanda demo account provided | Yes |
Data updated on July 12, 2024
Here is what our Oanda review has to say about the stock selection at Oanda:
For EU clients, Oanda also provides trading in real stocks. Trading in US stocks is commission-free on EUR accounts.
75% of retail CFD accounts lose money
About the US stock market
The US stock market is where people and institutions buy and sell ownership in publicly traded companies, making it a vital part of the nation's financial system. It is the largest and most important stock market of the world. There are many stock exchanges in the United States, the most prominent ones are The New York Stock Exchange (NYSE) and NASDAQ.
You can either buy individual stocks to own a part of a single company, or you can choose Exchange-Traded Funds (ETFs) for a more diverse investment that covers a range of assets. The stock market operates during regular business days, from 9:30 AM to 4:00 PM Eastern Time (ET). There are also pre-market and after-hours trading options, but these come with some added risks.
The US stock market is closely regulated by the Securities and Exchange Commission (SEC) to ensure fairness and protect investors. To begin, open an online brokerage account, which provides easy tools for buying and selling stocks. They also offer useful resources and educational materials for beginners.
Largest publicly traded US companies
Here is a list of examples of the largest publicly traded companies in the United States, along with their stock tickers. Usually the shares of larger companies are more liquid and have wider analyst coverage.
- Apple Inc. (AAPL)
- Microsoft Corporation (MSFT)
- Amazon.com Inc. (AMZN)
- Alphabet Inc. (GOOGL) - The parent company of Google
- Facebook, Inc. (now Meta Platforms, Inc.) (FB)
- Berkshire Hathaway Inc. (BRK.A) (BRK.B)
- Johnson & Johnson (JNJ)
- Tesla, Inc. (TSLA)
- JPMorgan Chase & Co. (JPM)
- Visa Inc. (V)
- Procter & Gamble Company (PG)
- Mastercard Incorporated (MA)
- NVIDIA Corporation (NVDA)
- Walt Disney Company (DIS)
- Home Depot, Inc. (HD)
- AT&T Inc. (T)
- UnitedHealth Group Incorporated (UNH)
- Intel Corporation (INTC)
- Verizon Communications Inc. (VZ)
- Coca-Cola Company (KO)
Benefits of trading US stocks
Investing in the US stock market offers several benefits for investors.
- Potential for growth: The US stock market has historically shown consistent long-term growth. Investing in stocks allows you to participate in the potential appreciation of companies' value over time.
- Diversification: The US stock market is incredibly diverse, with companies spanning various sectors like technology, healthcare, finance, and consumer goods. This diversity enables you to spread your investments across different industries, reducing the risk associated with any single sector's performance.
- Liquidity: US stocks are highly liquid, meaning you can easily buy and sell them. This liquidity ensures you can access your invested funds relatively quickly when needed.
- Ownership in profitable companies: When you invest in stocks, you become a partial owner of the company. If the company performs well, you may receive a share of its profits in the form of dividends.
- Accessibility: The US stock market is accessible to both individual and institutional investors. You can start with a modest amount of capital and gradually increase your investments as you become more comfortable.
- Inflation hedge: Historically, stocks have provided returns that have outpaced inflation, helping to preserve and potentially increase your purchasing power over time.
- Transparency: US financial markets are known for their transparency and regulation. The Securities and Exchange Commission (SEC) oversees the market to ensure fair practices, protect investors, and maintain transparency.
However, it's crucial for investors to remember that investing in the stock market carries risks, including the possibility of losing money. To maximize the benefits while managing risks, consider conducting research, diversifying your portfolio, and investing for the long term. Additionally, stay informed about market developments and consider consulting with financial professionals as you navigate your investment journey. Read more about portfolio diversification to learn how to reduce the risks of your long-term investments.
Risks of trading US stocks
US stocks can act as a cornerstone of your investment portfolio, but they also come with their risks that you should consider. Here are a few:
- Market volatility: Stock prices can fluctuate significantly in the short term due to various factors, including economic conditions, geopolitical events, and company-specific news. This volatility can lead to rapid gains or losses.
- Market downturns: The stock market experiences periodic downturns or corrections, which can result in broad declines in stock prices. These downturns can be triggered by economic recessions, financial crises, or other systemic issues.
- Company-specific risk: Investing in individual stocks exposes you to company-specific risks. Poor management decisions, competition, or industry disruptions can negatively impact a company's stock price.
- Economic factors: Economic events, such as inflation, interest rate changes or currency fluctuations, can influence stock prices. A rising interest rate environment, for example, can put downward pressure on stock prices.
- Liquidity risk: Some stocks may have lower trading volumes, making it challenging to buy or sell shares at desired prices. Illiquid stocks can be more susceptible to price manipulation and sudden price swings.
- Regulatory changes: Changes in government regulations, tax policies, or accounting standards can impact the financial markets and individual stocks.
- Currency risk: If you are an international investor, fluctuations in currency exchange rates can affect the returns on your US stock investments when converting gains or dividends to your home currency.
75% of retail CFD accounts lose money
Start investing today
Investing in US equities can be a great addition to your portfolio due to their historical strong performance, diverse investment opportunities across sectors, and the country's role as a global innovation hub. US markets offer liquidity and regulatory transparency making them attractive for investors. However, before making any investments, it's crucial to manage risks, diversify your portfolio, and consider a long-term investment horizon to fully capitalize on these advantages.
You can start investing in US equities at Oanda today. If you're interested, you can also browse other brokers' offering:
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- Oanda stock conditions explained
- Stock trading at Oanda: an expert guide and rating
- Oanda penny stocks trading conditions explained
- ETF trading conditions at Oanda explained
- Oanda fractional shares trading conditions explained
- Are margin interest rates low at Oanda?
- Oanda cash interest rate
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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.