How to Buy SPY or QQQ ETFs?
Step 1 - Find the best investment app:
Check out our investment app comparison page, you will get a precise idea of which app or broker suits you best, and answers all your financial needs.
Step 2 - Open an account:
Now that you are confident in your choice of a trading platform, it's best to open an account. With a simple click on the button on our comparison page, you can jump straight to the registration page of the brokers.
You must complete the necessary steps and wait for a confirmation email to activate your account.
Step 3 - Verify your identity:
Please make sure that you have completed this step if you want to use the platform's features and be able to withdraw and deposit. Some platforms will allow you to make a small deposit but not withdraw until the process is complete.
At this point you will upload your ID and possibly, depending on the platform, other supporting documents to prove your identity.
Occasionally, you might receive a phone call from a company's sales representatives.
The duration of the process can range from a few hours to a few days.
Step 4 - Deposit funds:
After verifying your identity, you can deposit with several methods:
- Credit/debit cards
- Bank transfers
- Mobile wallets (Paypal).
Step 5 - Buy SPY or QQQ ETFs:
Once the account is active, you can search for “SPY” or “QQQ” on the platform and click on buy.