How to Buy Stocks with Wise

How to Buy Stocks with Wise

Explore how Wise Bank enables easy investment in stocks and ETFs, with key insights on secure transactions and managing potential fees.

Summary: Wise Bank empowers customers to invest in a diverse range of stocks and ETFs, including major indices like the S&P 500 and NASDAQ, using their Wise accounts and cards. Investments are facilitated through regulated brokerage platforms compatible with Wise, like eToro. These platforms are regulated by credible financial authorities, ensuring secure transactions. 

The process involves easy steps from account creation to fund transfer, and it's important to be aware of potential fees, especially when using Wise Debit Cards. Wise also allows direct investment in its own shares, as it's publicly traded on the London Stock Exchange under the ticker 'WISE'.

Content Guide
Top Platform for Stocks and ETFs with Wise
5.0 out of 5.0 by Datawallet
eToro is the best platform due to its compatibility with Wise Bank, strong adherence to financial regulations, and competitive fee structures for a wide range of investment options.
Licensing & Regulation
The FCA, CySEC and other Tier-1 Regulators.
Available Assets
4,500 Stocks, ETFs, Commodities and more.
Deposit Methods
Bank Transfer, Wise Card, Credit Cards and more.

74% of retail CFD accounts lose money.

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Can I Buy Stocks with Wise Bank?

Yes, Wise enables its customers to buy various stocks and ETFs like the S&P 500 or NASDAQ using Wise cards or accounts. To buy shares, including blue-chip or growth stocks, users must register on a European stock trading platform that accepts deposits through Wise in Euro or other currencies. It's important to select a platform regulated by a credible financial authority, such as the Financial Conduct Authority (FCA) or a similar European regulatory body, for secure transactions.

How to Buy Stocks with Wise

Using a Wise account to purchase stocks is best done through a regulated brokerage platform. This allows investors to safely transfer various fiat currencies from their Wise Bank account, utilizing bank transfers or other convenient methods. Based on our research, we recommend platforms such as eToro, which are compatible with Wise Bank, adhere to strict regulations, and offer competitive fees for an extensive range of over 4,500 stocks, ETFs, commodities, and more.

Here's a concise, four-step guide for investing with your Wise Bank account:

  1. Visit a Broker: Navigate to the eToro website and create an account.
  2. Account Dashboard: Locate and select the 'Deposit Funds' option or similar.
  3. Initiate Transfer: Choose your fiat currency and payment method, like Bank Transfer, and proceed with the transfer from Wise.
  4. Start Investing: Once your deposit is verified and funds are in your brokerage account, you can invest in your chosen stocks.
Buy Stocks with Wise

What are the Fees?

When transferring funds from a Wise Bank account to a stock brokerage, the costs can differ based on the chosen platform. For most transfers, especially bank transfers from Wise Personal or Business accounts to international brokers like eToro, there are typically no fees for USD deposits. However, a nominal fee may apply for deposits made in EUR or GBP.

It’s important to note that using a Wise Bank Debit Card for deposits to brokerage platforms may incur a fee. This fee is charged by the card issuer, Mastercard, and applies to all transactions, including those for stock purchases or deposits. To avoid surprises, we recommend verifying any potential fees with your chosen brokerage platform before initiating a transfer.

Can I Invest in Wise?

Indeed, investing in Wise PLC is possible. Wise, a fintech entity, is publicly listed on the London Stock Exchange, bearing the ticker symbol 'WISE'. This listing enables individual investors to purchase Wise PLC shares. Notably, you can directly invest in Wise PLC through your Wise Bank account, utilizing a regulated brokerage platform like eToro, which provides access to Wise stocks. This option streamlines the investment process for those interested in this fintech company.

Invest in Wise

Bottom Line

In conclusion, Wise offers a streamlined and accessible path for investing in stocks and ETFs, including blue-chip and growth stocks, through regulated brokerage platforms like eToro. With the option to transfer funds in various currencies and the ability to invest directly in Wise PLC, Wise Bank presents a flexible solution for personal investment strategies. While generally cost-effective, investors must be aware of potential fees, especially when using Wise Bank Debit Cards for transactions.

Frequently Asked Questions

Got More Questions? We've Got Answers:
A Guide to Commonly Asked FAQs.

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