How to Buy Tesla Stocks for FREE?

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How to Buy Tesla Stocks - Tesla LogoTesla stocks are luring the investors because the value of it has jumped to impeccable heights by this time. The company has enhanced the efficiency of its vehicles and ensures that all the doubts of consumers regarding the quality of the cars are solved. Tesla has managed to experience a progressive boost in the value even in this tough sector.

Even with Apple and Google already up in value, Tesla has now put up its brand impression upfront for the investors to think again before investing in any stocks. The company earlier did struggle to make enough profits, but with the launch of electric cars, the company experienced a massive profit boost, and the demands went up just like the SpaceX rockets.

So, as now you are well aware of the value of Tesla stock at the moment, the question is, how to buy Tesla stocks for free? The answer to this question is eToro. It is one of the perfect service providers that ensure people to buy free Tesla stocks over the platform. It is a multi-asset trading platform that has many features to leverage on.

In this article, you will know about how to buy Tesla stock for free with eToro and what features do this platform has to offer.

How Does eToro Offers Free Buying Opportunity for Tesla Stocks?

For your clear knowledge, eToro offers a free stock trading feature to the people who are using the platform for their stock trading needs. It means that eToro charges no commission from you if you are trading from the platform. Most of the broker platforms are meant to charge some commission whenever you prefer buying or selling shares over their platform. But it is not the case with eToro.

Like all other broker platforms, eToro also charges some client fees for maintaining the services and earn some company profit in the middle. Therefore, there are few categories of eToro fees that are destined as trading fees and non-trading fees. The trading fees are quite low over the platform that is the sole reason for picking up eToro as an ideal option for buying Tesla stock.

To explain you better, you must understand that eToro does not charge you anything when you are trading stocks or ETF. So, when you go ahead and buy your Tesla stock, you will not have to pay any commission, rollover fees, ticket fees, management fees or any other additional fees. Hence, it means that there is no fee charged by eToro as a broker when you go ahead and buy Tesla stock.

But conditioned, you need to be into trading of real stocks such that of Tesla and not any CFDs. These freebies are not meant for availing if you are trading with CFDs. The possible difference between these two aspects is that with real stock, you open up the non-leveraged position whereas, with CFDs, you open up leverage positions.

To be precise, eToro charges a very nominal overall amount of 0.09% for you to trade stocks over the platform. This amount is just for the sake of maintaining the platform and its services over time to make trading even more fun. Therefore, if you want to know how to buy Tesla stock for free, turn up to eToro and create your account today!

What Are Different Account Types Over eToro? How Can You Open an Account Over the Platform?

There are two different types of accounts over the eToro platform, including a demo account and a live account. These two accounts are quite alike with only one difference. The difference is that with a demo account, you can only trade with virtual funds, whereas over the live account, you can use real money for buying stocks and trading.

You can use the demo account for practising the right trading strategies to gain confidence in the process before you can open your live account with eToro. So, go ahead and follow the below steps to open an account with eToro today!

Follow these below mentioned steps to know how to open an account and deposit funds over eToro:

  • Firstly, you have to visit the website of eToro.
  • Now, you will find an option flashing over the website saying ‘Join Now’. Click on it, and you will be redirected to the respective page.
  • Now, you will see the application form with various asked fields. Fill in all the details genuinely or use your Facebook or Google account to sign-up directly for allowing eToro to extract your information from these platforms.
  • After that, you will be asked to agree to the terms and conditions by selecting the square box at the end of the agreement for proceeding with account creation.
  • Now, you are ready with your demo account, and you can invest your virtual funds to practice the right ideologies of stock trading.
  • For moving ahead with the live account registration, you will have to come up with your identity and address proof over eToro.
  • After the verification is complete, your live account over eToro will be active, and you will be able to deposit real funds to start buying stocks and do trading over the live account.

For a more comprehensive guide, go to this article.

For Depositing Funds

  • For depositing funds, you need to just log onto your eToro account at first.
  • Now, you will find the option ‘Deposit Funds’ over your profile.
  • Pick the amount that you want to deposit and choose the right currency.
  • Now, choose the desired payment method to complete the deposit process.

Now, as you have real funds deposited over your eToro account, you can go ahead and buy the Tesla stocks after checking on the trade parameters any time.

Conclusion

Now, you must have gained a brief idea on how to buy Tesla stocks for free. For all your trading needs, eToro stands as the best platform that charges no commission and is quite easy to join. Even if you are new to stock trading and are interested in investing on Tesla stock, you can practise trading over the demo account with virtual funds to gain confidence on the process before you can go live for buying the real Tesla stocks.

In this way, you can be sure of the profitable outcomes that you are about to make. Moreover, it also has a mobile app to give you the comfort of trading form your mobile. So, if you are interested in buying Tesla stocks without giving out any broker commission, then turn up to eToro on priority.

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