How to Buy Stocks with ING Bank
Your ING Bank account is more than just a savings tool. Discover how to safely invest in stocks, ETFs, and more through regulated European brokerages.
Capital is at risk. 74% of retail CFD accounts lose money.
Summary: ING does not facilitate direct stock trading capabilities on its web or mobile banking platforms. However, ING's customers can invest in stocks by transferring Euros from their accounts to a regulated brokerage, compliant with the guidelines set by the De Nederlandsche Bank (DNB) and similar European institutions.
Our analysis identifies eToro as a prime choice for ING bank users. In compliance with the norms established by authorities like the DNB, eToro emerges as a secure platform for seamless Euro transfers from ING and other European banks. Within eToro, clients can explore over 3,000 stocks, ETFs, commodities, and other investment opportunities.
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Can I Buy Stocks with ING Bank?
Yes, ING Bank allows clients to invest in a broad selection of stocks and ETFs using their ING accounts or cards. Individuals interested in securing shares in blue-chip, growth, or dividend stocks should create an account on a regulated European stock broker that accepts deposits in Euro (EUR) and other currencies. It's vital to select a platform overseen by a well-respected financial regulatory agency, such as the De Nederlandsche Bank (DNB) or a comparable European organization.
How to Buy Stocks and Shares with ING
The most reliable way to invest in shares through your ING account is through a licensed brokerage platform. This approach allows investors to safely transfer various fiat currencies from their ING bank account through bank transfers or other options. Upon thorough evaluation, we recommend platforms like eToro because of their easy integration with ING, strict adherence to financial regulations, and attractive fee structures for a vast range of over 3,000 stocks, ETFs, commodities, and more.
Here is a simple 4-step guide to investing with your ING bank account:
- Sign up and verify your identity on eToro.
- Navigate to the 'Deposit Funds' section on your account dashboard.
- Choose your preferred fiat currency and payment method (e.g., Bank Transfer) to commence the transfer from ING.
- After the deposit is verified and the funds are credited to your brokerage account, you can start investing in stocks.
What are the Investing Fees?
The charges involved in transferring funds from an ING Bank account to a brokerage platform like eToro can vary based on the specific platform chosen. Usually, bank transfers from an ING personal or business account to international brokerages don't incur fees for deposits in USD, but a small fee may apply for EUR or GBP deposits.
It's vital to note that making deposits to brokerages using an ING Bank Debit Card might incur a fee. This is because the card issuer (possibly Visa or Mastercard) charges a standard fee for all transactions, including those for stock purchases or deposits. We strongly suggest checking any relevant fees with your chosen platform before proceeding.
Can I Invest in ING Group?
Yes, you can invest in ING Group. As a publicly-listed financial institution, shares of ING Group are available on the Euronext Amsterdam and the New York Stock Exchange under the ticker symbol 'ING'. This allows individual investors to acquire shares and invest in the company. It is notable that investing in ING Group can be facilitated directly through your ING bank account using a regulated brokerage platform such as eToro, which lists ING stocks.
Bottom Line
In summary, while ING Bank itself doesn't offer direct stock trading functionalities on its digital platforms, it does enable customers to invest in a wide array of financial assets, including stocks, ETFs, and commodities. For a streamlined and secure investment process, we've identified eToro as an ideal platform that complies with respected European financial regulatory bodies like the De Nederlandsche Bank (DNB).
For those who are new to investing through ING, a simple four-step process involving identity verification, fund deposition, and seamless fund transfers can get you started. Fee structures are largely favorable, although it's important to be cognizant of potential charges when using different methods for fund transfer, such as debit cards.