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Summary: Payoneer doesn't offer direct stock trading features through its web or mobile banking applications. However, users of Payoneer can venture into stock investments by transferring funds from their accounts to a licensed brokerage, adhering to the rules laid out by prominent global financial regulators.
Our analysis found that eToro is the superior option for Payoneer account holders. Abiding by the standards set by Tier-1 financial markets regulators, eToro stands as a trusted platform facilitating effortless fund transfers from Payoneer and other prominent banking institutions. Within eToro, customers can delve into a diverse portfolio of over 3,000 stocks, ETFs, commodities, and additional investment strategies.
Can I Buy Stocks with Payoneer?
Yes, Payoneer facilitates customers in venturing into a wide range of stocks and ETFs by utilizing their accounts or cards. Those keen on investing in equities like blue-chip, growth, or dividend stocks must establish an account with a regulated European stock broker that accepts deposits in USD and multiple other currencies. It's imperative to choose a platform that operates under the strict supervision of a credible financial regulatory body, like the Financial Conduct Authority (FCA) or a similar globally recognized institution.
How to Buy Stocks and Shares with Payoneer
The most secure method to investing in stocks and equities using your Payoneer account is through a regulated broker in your jurisdiction. This enables you to safely and quickly deposit fiat currency (e.g. USD, GBP or EUR) from your account to the platform via bank transfer, SEPA and other methods. Our analysis points to eToro being the most suitable broker for Payoneer users thanks to its compatibility and offering over 3,000 stocks, ETFs and more.
Here is a straightforward 4-step guide to investing with your Payoneer account:
- Register and authenticate your identity on eToro.
- Proceed to the 'Deposit Funds' section found in your account dashboard.
- Select your favored fiat currency and the payment technique (for instance, Bank Transfer) to initiate the transfer from Payoneer.
- Once the deposit has been confirmed and the capital is allocated to your brokerage account, you are set to invest in stocks.
What are the Investing Fees?
The fees associated with transferring funds from a Payoneer account to a brokerage platform like eToro can fluctuate based on the specific platform selected. Generally, transfers from a personal or business account to international brokerages are subjected to minimal fees, which might vary depending on the currency used for the deposit.
It's important to emphasize that making deposits to brokerages utilizing a Payoneer card might involve a fee. This occurs because the card issuer (e.g. VISA or Mastercard) charges a customary fee for all transactions, encompassing those for stock investments or deposits. We fervently recommend verifying any pertinent fees with your selected platform before moving forward.
Can I Invest in Payoneer?
You can make investments in Payoneer Global Inc (PAYO). As a prominent entity listed on NASDAQ, it provides individual investors with the opportunity to acquire shares and have a stake in the company. Currently, this burgeoning online banking platform boasts a valuation exceeding $2 billion, coupled with a P/E ratio of 184. Renowned brokerage platforms like eToro and Robinhood allow individuals to invest in this dynamically evolving online banking entity.
In this guide, we've broken down the steps to delve into stock investments using Payoneer. While the online bank doesn't offer a direct route to stock trading, it pairs well with reputable brokerages, allowing users to transfer funds and embark on their investment journey with ease. Notably, eToro emerges as a preferred choice, renowned for its seamless integration with Payoneer and a rich portfolio of over 3,000 stocks and ETFs, aligning with the stringent standards of high-tier financial regulators.