How do you purchase shares of Apple stock?


Quick Answer

Online financial service companies, such as TDAmeritrade and Fidelity, allow their account holders to purchase shares of Apple stock, according to their official websites. Fidelity requires a minimum opening balance of $2,500 to trade Apple or any other stock, and TD Ameritrade has no minimum opening balance requirements.

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Full Answer

Not only do brokerage accounts with companies such as TD Ameritrade and Fidelity allow account holders to purchase shares of Apple stock, but these accounts allow account holders to buy and sell options, bonds and mutual funds or trade on margin, explain TD Ameritrade and Fidelity. Trading on margin allows account holders to borrow a portion of the money they need to execute a buy or sell order on Apple stock or any other investment instruments.

Companies such as TD Ameritrade and Fidelity are discount brokers and do not provide all the financial services available from full-service brokers, explains Investopedia. A full-service stockbroker takes the time to sit down with clients and discuss financial goals, portfolio building and retirement options. Morgan Stanley, Wells Fargo Advisors and Goldman Sachs are a few well-known full-service brokers. Large financial service companies such as these keep thousands of certified brokers and financial planners on their staff; however, they charge far more in commissions and fees than discount brokers such as TD Ameritrade and Fidelity.

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