How To Buy NVIDIA Stock

NVIDIA is a leading design company of graphic processor units that enhance user experience on computers and digital platforms. These chips are used in a number of markets including, data centres, auto entertainment systems and gaming.

The company is a global leader in visual computing.

For the latest NVIDIA Share Price and Company performance click here.

Buying NVIDIA stock… then a trading platform is a great way to do this.

What the right platform is for you will depend on your requirements.

1. How to buy NVIDIA stock using a trading platform
2. 3 top trading platform picks for buying NVIDIA stock
3. How to select a share trading platform?

1. How to buy NVIDIA stock using a trading platform

Our view:  The next generation of online trading platform means you can get setup & buy NVIDIA stock in as little as 5 minutes!

1. Select a trading platform – See below our 3 top platform picks
2. Open your account – To do this you will need your bank details and national insurance number
3. Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
4. Search for the share using the NVIDIA stock code – Type in the NVDA stock code into the search box
5. Check out the latest info and price – Some platforms offer free research and analysis
6. Buy the stock – Nice and easy!

2. 3 top trading platform picks for buying NVIDIA stock:

eToro – Offer 0% commission free trading for UK and European traders on stocks and ETFs.

eToro is the world’s largest community of traders and investors, numbering more than 10 million from more than 140 countries.

One of the attractions of eToro as a platform is the ability to participate in copy and social trading.  CopyTrader is eToro’s most popular feature and allows you to view what traders are doing in real time and copy their trading automatically. If you are a beginner learning the basics or simply don’t have time to watch the markets, this feature allows you to leverage other traders expertise.

IG – offer a low cost trading platform.

Voted winner “Best Trading App” Investors Chronicle Investment Wealth Management Awards, IG offer extensive functionality through their trading platform.

IG provide advanced platforms and charting including L” dealer, ProRealTime and MT4 with a full suite of alerts and risk management tools. IG also provide free trading courses and webinars as well as an online community where you can share ideas.

Founded in 1974, IG are a FTSE 250 company authorised and regulated by the FCA. They have 1,5500+ employees and a £1.98bn market cap.

Hargreaves Lansdown – Offer trading from £5.95 per trade.

Looking to invest in shares only? Then Hargreaves Lansdown are worth a closer look.

Voted “Best For Share Dealing” in 2019 by Boring Money. With HL you get free live share prices with stop loss and limit order functionality, with access to a range of technical analysis tools. HL provide expert research and share alerts. Their trading platform offers 8 customisable display options.

HL was founded in 1981 and serves over 1.2m customers with £105bn under administration. HL are a FTSE 100 Company based in Bristol employing over 1500 people.

---

3. How to select a trading platform?

Trading platform services offered vary widely, and so do the costs.

5 things to think about:

1. How do you want to trade ?

There are different ways to trade shares online:

a. Short term trading – Spread betting & CFDs

Looking to take advantage of short term opportunities in the market?

With derivatives trading you can use products such as CFDs and spread bets to speculate on a share’s price increasing or decreasing without having to take direct ownership of the shares themselves.

CFDs (Contracts For Difference) and spread betting are leveraged products, which means you can gain full exposure to company shares while only putting down a small deposit. While this magnifies possible profits, it does the same for losses.

CFDs & spread bets are popular among short term traders as profits and losses are realised immediately – making it faster to open and close trades. However, this doesn’t mean you can’t use them for longer-term positions too. You’d just need to consider the costs involved in maintaining a position – such as overnight funding – and the bet duration as spread bets do have fixed terms.

They also enable you to buy and sell shares online without ever owning the underlying asset. This has tax benefits and means you can trade both rising and falling markets (Tax laws are subject to change).

b. Long term trading – Investing in stocks

Looking to take a longer term position with more traditional investments?

Share dealing services enables you to invest in company stocks with a view to selling them for a profit at a later date. When you buy company stock you become a part owner of that Company and gain shareholder rights including any income that is paid as dividends.

Different trading services have different charging structures. Some platforms offer commission free dealing, but most operate on a fixed fee per trade with usually a reduction in this fee if you carry out more than a certain number of trades per month.

With profits you make on trading stocks, capital gains and dividends earned may be subject to tax at your personal rate. Tax can be mitigated if you trade within an ISA or Self Invested Personal Pension account.

2. Do you want to do a lot of trading?

Active investors will want to look for a platform that offers the lowest fees for volume trades.

If you are going to trade stock regularly most trading platforms will offer lower trading prices based on volume.

3. How easy to use is this trading platform: what kind of tools and customer service does it offer?

How easy is the platform to use to buy and sell shares for new traders/investors?

Platform functionality is becoming the key battleground in persuading traders which platform to go for.

Mobile app features are also key in offering traders alerts and buy/sell signals whilst on the move.

These are often the criteria that count most highly with users, so do some research and read the reviews.

Many investors are prepared to pay a bit more in fees  for a platform that offers really useful apps and services.

Some platforms such as eToro offer customers the option of copying trades of successful traders. This can be an attractive option for new traders where you don’t have to decide when to buy or sell. For more info on what is copy trading and how does it work click here.

4. Types of trading accounts for long term trading?

Some trading platforms offer as well as general share trading accounts, ISA accounts and Self Invested Personal Pension Accounts which offer tax free trading benefits (no tax on dividends or capital gains tax on realised profit).

Trader accounts which offer ISA and SIPP accounts include, Interactive Investor and AJ Bell YouInvest

5. Do you want to trade just in stocks, funds, or stocks & funds?

If you also interested in investing or trading in funds then this again may determine who you go with.

If you are interested in ETFs, Investment Trusts, Open Ended Investment Companies (OEICs) or Unit Trusts then you will need to check with the platform provider what is available. E.g. Some platforms only offer a limited number of collectives such as OEICs.

Charging structured for funds held on the platform will vary. Over time the impact of such charges can be significant. Check the platform charging structure carefully.