How to Buy Snapchat (SNAP) Stock: A Step-by-step Online Trading Guide

Since entering the world of IPO in a big way in 2017 when Snapchat raised more than $3 billion and earned a validation of $23.8 billion, Snapchat remain consistent with attracting new users and generating revenue.

Do you know how to buy Snapchat stocks? We will explain to you how.

Overview

Status: Active

Sector: Communication Services

Industry: Internet Content & Information

Symbol: SNAP

Exchange: NYSE

Employees: 3,195

Website: snap.com

 

Fact:

Never resting on its laurels, Snapchat is continuously looking for ways to expand by introducing a roster of new features that made its own platform appealing to more users.

 

And there’s more…

Other than expanding its platform, Snapchat also went all-in in rapidly shaping its revenue stream by stringing together a blend of entertaining user-content and highly-effective advertising tools to generate increased revenue.

 

 

Why Buy Snapchat Stock?

why buy snapchat stocks

Investors believe Snapchat still hasn’t reached a high point yet, thus making it an ideal stock to see growth that rewards its investors in the future.

 

Still…

Despite of the existence of other competitors and similar concepts like Instagram and Facebook stories, Snapchat remains committed in introducing new features that distinguishes itself from the others and attract new users.

 

Bottom line?

Based on where the company is heading, buying Snapchat stocks falls into the good kind of risk category.

 

eToro

etoro logo

 

Trade Snap!
75% of retail CFD accounts lose money.

Features:

  • Copy investment portfolios of top Snap traders
  • Buy stocks commission-free
  • Practice with a free demo account
  • No overnight fees
  • Risk management tools

 

Trusted by more than 12 million users, the eToro platform is fast becoming a world leader in multi-asset online trading.

It’s fully optimized and comes with loaded features that will help you enhance your investing strategies and widen your portfolios.

How to use eToro? We will tell you how.

 

Getting started with eToro

eToro is a very straightforward application that any new user will be able understand.

After you go through this easy process of opening an account, you’re on your way to the exciting and rewarding world of online trading.

 

How to open an account on eToro

  1. Fill up your personal information at the sign-up page.
  2. Verify all your personal information for security purpose.
  3. Make your first deposit.
  4. And voila, you can now start trading

 

More features…

One of eToro’s most helpful features is the CopyTrading tool.

By using this function, it will allow you to search other investors and see their portfolio and trading strategies either for you to study or even copy.

Snapchat stock trading on eToro's platform

Snapchat stock trading on eToro’s platform

Another tool is called CopyPortfolios. This help users expand their portfolios while reducing long-term risk to their investments.

It also functions by copying several markets based on an investment strategy.

 

And another thing:

eToro also have another tool dedicated to showing all useful information about the stock market. This is called the Analyst Coverage page.

 

To top it off…

eToro is fully regulated and adheres to all the guidelines of different regulatory bodies including the following:

  • CySEC – Cyprus Securities and Exchange Commission
  • FCA – Financial Conduct Authority
  • ASIC – Australian Securities and Investments Commission

 

Plus500

plus500 logo
 
Trade Snap!
76.4% of retail CFD accounts lose money.

Features:

  • Competitive spreads for Snap
  • Trading with as little as $100
  • Fast and reliable order execution
  • Risk management tools
  • Fully regulated by the FCA, CySEC and ASIC

 

Remember this:

Plus500 is another highly-trusted platform used by many investors for CFD Trading.

Plus500’s trademarked platform gives you all the advantage and features you need to manage and grow your portfolio.

 

Plus500’s proprietary platform with advanced features

Plus500 features integrated risk management tools that will help you prevent loss by giving you more control over your investments.

Snapchat stock trading on Plus500's WebTrader platform

Snapchat stock trading on Plus500’s WebTrader platform

Illustrative prices only

 

Whether you’re trading Snap stocks, other equities or other types of financial instruments, you will be able to use these tools.

 

One more thing…

Plus500’s operators are thoroughly regulated by high-level financial regulatory boards and follows all financial protocols and guidelines:

  • Plus500CY Ltd authorized & regulated by CySEC (#250/14).
  • Plus500UK Ltd authorised & regulated by the FCA (#509909).
  • Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).
  • Plus500AU Pty Ltd (ACN 153301681), licensed by:
    ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.

 

Easily sign-up with Plus500 for free via the form below!

 

Snapchat Stock Performance

Good news:

For this year alone, Snap Inc.’s stock grew by 40% as the social media giant ran up a string of great performance on the financial market.

The company’s revenue also soared to more than 40% to almost $500 million which exceeded previous projections.

Latest user data also shows more than 4 billion snaps were uploaded on the platform by its users each day, cementing Snapchat’s solid place among the leading social media platforms in the world today.

 

Here’s the latest graph showing Snap’s stock market performance since it was publicly listed:

 

Snapchat Stock Forecast

How much will Snapchat stock be?

Below is a brief forecast of Snapchat’s stocks for the remaining months of 2020 and the next year based on current company performance, analysis and consumer data.

 

Take note:

Our stock prediction for Snapchat and recommendation to buy should only serve as a guide to your investing strategy.

The final decision should remain yours only.

 

2020: Earning the Most Innovative Company Title

Many technology analysts considered Snapchat as one of the world’s most innovative company as its ushers in the new wave of computing and social media content creation.

 

Here’s how this is possible:

Following the Covid-19 pandemic, more users were introduced to Snapchat as the technology platform served as a medium for more people to create content of their own from their homes.

Snapchat's technology platform

Snapchat’s technology platform

Technology watchers also expect Snapchat to branch out and become one of the leading players in media, video content, music and other interactive platforms where it can take full advantage of the digital ad revenue.

 

2021 and Beyond: Significant Growth by Over 3x

Financial analysts are predicting the Snap company to expand by 3x times in the next 5 years as revenues continue to remain steady.

 

Here’s why:

Its daily active users are increasing significantly by the numbers and perpetually improving technology are among the primary factors that could support this continued growth.

And just like most technology companies, Snap is also facing challenges in 2020 but there’s a high potential that things could turn around by 2021 and the succeeding years with revenues expected to surge thanks to the company’s focus on research and product development.

Snapchat's daily active users increasing

Snapchat’s daily active users increasing

 

Remarkably…

Experts see Snap reaching margins of at least half of what social media giant Facebook has achieved in the coming years and that is definitely a feat.

 

And so, we recommend…

We see Snap’s stocks as a safe buy with a high probability of achieving long-term high yielding returns for the investors.

 

How to Buy Snapchat Stock?

Simply follow the steps below and you’re good to go:

  1. Open an account with an online broker.

    For you to buy Snapchat stock and other company shares, first you need to open an account with a brokerage which offers a platform for trading.
     
    Signing-up for an account only takes a few minutes to accomplish and after completing this process, you need to make a deposit so you can start investing.

  2.  

  3. Open your broker’s trading platform.

    Let’s say you have opened an account with a specific brokerage and you have already funded it. The next step to do is to open their platform to start trading.

    eToro trading platform

    eToro trading platform

  4.  

  5. Look for the Snapchat stock (symbol: SNAP).

    After opening the platform, search for the Snapchat stock by using the search bar and entering either “Snap” or its stock symbol “SNAP”.

    Searching for Snap stock on eToro's platform

    Searching for Snap stock on eToro’s platform

  6.  

  7. Select Buy and set the amount.

    Click on “Buy” and specify the amount that you wish to invest. You may also set several specific parameters depending the features that are offered to you by your broker.

    Buying Snap stocks on eToro's platform

    Buying Snap stocks on eToro’s platform

  8.  

  9. Execute the order.

    Initiate the trade by executing the order.

    Executing order on eToro's platform Snapchat

    Executing order on eToro’s platform

 

 

Should I buy Snapchat stock?

Snapchat stocks is considered as “must-buy” right now.

This is because of various factors that includes these two main ones: Dynamic Ads and Increase in new users.

Because of this, Snapchat’s business momentum is still gaining a lot of ground and is in position for more revenues from its advertising business and development of new functionalities.

So, yes. You should snag some Snap shares.

 

Frequently Asked Questions (FAQ)

How Much is the Snapchat Stock?

Here is the current stock market price of   ( )

 

Who Owns the Most Shares of Snapchat?

Price (T.Rowe) Associates Inc. owns the largest number of Snapchat shares with 113,515,212 shares worth $ 2,666,472,329.

 

How Many Outstanding Shares Does Snapchat Have?

Based on latest figures, Snapchat’s outstanding shares is 1.21 billion.

 

Where Can I Buy Snapchat Stock?

There are many online brokerage firms selling and trading Snapchat stocks for you to choose from. However, there are also online brokers that offer CFD (contracts for difference) platforms–such as eToro and Plus500 which you can use to buy, manage and trade your Snapchat shares.

 

Best Brokers for Buying Snapchat Stocks

Listed below in this table are highly-recommended and regulated brokers that offer SNAP stock CFDs trading.

And to make things more convenient for you, we’ve included their direct trading pages for this particular stock so simply click on their corresponding Snap Page button and we’ll take you there.

 

Broker Features Rating Official Site
etoro logo

 

Read Review

  • Copy investment portfolios of top Snap traders
  • Practice with a free demo account
  • No overnight fees
  • Risk management tools

Min Deposit: $200

Regulation: CYSEC, FCA

 

96

Snap Page

 

Open Account

75% of retail CFD accounts lose money.

 

plus500 logo

 

Read Review

  • Competitive spreads for Snap
  • Trading with as little as $100
  • Fast and reliable order execution
  • Risk management tools
  • Fully regulated by the FCA, CySEC and ASIC

Min Deposit: $100

Regulation: FCA, ASIC, CySEC

 

95

Snap Page

 

Open Account

76.4% of retail CFD accounts lose money.

 

avatrade logo

 

Read Review

  • Up to 1:10 leverage on Snap
  • Safe and secure trading environment
  • Trade for as little as $100
  • Live multilingual customer support during market hours
  • Regulated

Min Deposit: $100

Regulation: CBI, ASIC, FSC, FSA, FSB

 

94

Snap Page

 

Open Account

 

xm.com logo

 

Read Review

  • Snap spreads for as low as 0.08
  • $5 minimum deposit
  • Comprehensive trading education
  • 24/5 live help
  • Unlimited demo account

Min Deposit: $5

Regulation: FCA, ASIC, CySEC

 

90

Snap Page

 

Open Account

 

Trading Forex and CFDs involves significant risk of capital loss. You should consider whether you can afford to take the high risk of losing your money.