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How to buy
For those who live in Ireland, a great way to invest in Xpeng shares is, definitely, this popular broker.
eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Cyprus Securities and Exchange Commission, and therefore complies with all the regulations of the European Union, the most demanding in the world.
We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Ireland, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.
How to sign up, step by step
The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.
Now check your email: you have received an email from eToro, click on the button and your account will be verified.
Once on eToro, you just have to click on “Deposit funds”, in the page menu.
There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:
As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.
How to make your first purchase
When eToro has confirmed the receipt of your credit, you just have to search for “Xpeng” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
Should I invest in Xpeng?
Xpeng is a Chinese company dedicated to the manufacture of high-end electric vehicles. It was founded in 2015 by Xia Heng and He tao, together with two important partners who believed in the project: He Xiaopeng, former executive of Alibaba and Lei Jun, founder of Xiaomi.
This company, also known as Xiaopeng Motors, decided to enter the competitive electric vehicle segment, a sector dominated by Tesla and where NIO already existed in China. However, despite also being luxury vehicles, Xpeng has differentiated itself because its main objective is to provide comfort in its vehicles, beyond speed.
The company currently offers two vehicle models, the G3 and the P7. In the case of the G3, it is an SUV that began marketing in 2018 (although its foundation was in 2015). While the P7, a very comfortable sedan, they brought it to market in 2020.
Its IPO was on August 27, 2020, so there is no historical information about its performance as can be found from other companies. But at the time of its IPO, in the company's prospectus, it notified that by July 2020 it had sold 18,741 units of the G3 and 1966 units of the P7.
These are obviously quite small numbers when compared to other companies in the same sector. In fact, although Xpeng is listed on the New York Stock Exchange, it only markets its vehicles in China because as we mentioned, it is a small company.
An important detail is that when reviewing the company's financial reports (you can find them on its official website) we find that the company since its foundation has generated losses.
The year 2020 has been the only year in which sales have exceeded the cost of sales generating 40 million dollars of profit. However, this figure is only about sales because when operating expenses (research and development, administrative and general expenses) are added in, Xpeng has a net loss of $418 million. And it was their best year ever.
Straight up we recommend you look at other established companies like Tesla if you are interested in investing in the electric vehicle sector. Because at the end of the day, if all you are offering is the potential going forward, you are not offering anything that Tesla or NIO does not.
Why do we recommend it?
- Allows to learn from other trading moves
- You can go short
- Very user-friendly and simple
- Leverage is allowed
- It is possible to invest in countless of other goods
Homepage: www.etoro.com *
eToro is the best way to invest in Xpeng from Ireland.
This platform is popular for making “social trading” a trend, a revolutionary form of investing in which traders can repeat the moves of other investors who have been generating earnings over time.
eToro is very helpful if you don't have much experience in trading, since it automatizes your investment by repeating strategies from other experienced people with a very long profit history. On the other hand, if you are an expert in the subject willing to share your methods with others, eToro rewards you with money.
Another thing to mention is how easy the platform is, which turns out perfect for new users that are learning all about the trading world.
How do Contracts for Difference work?
You probably have found the term CFD repeatedly if you already accessed eToro. Before we explain what this is, we must say that CFDs on eToro are only possible if you short sell.
FYI, and in case you want to know about day trading cryptocurrency or other advanced trading operations, we will also address concepts such as leverage and “going short”.
eToro allows you not only to bet “in the black”, but with CFDs you can also bet “in negative”. Let's say that you believe that the Xpeng will go down, so you clearly think “if it is going to depreciate (go down in price), I'll just wait until it does”. However, if it really goes down, it is possible to earn some money out of that.
You can accomplish that by “going short”. More or less, it functions like this:
- You ask for a loan of, let's say, 100 units of Xpeng, which total value at that moment is $ 5,000 (these numbers aren't real)
- You sell the 100 units at $ 5,000
- The Xpeng goes from $ 50 to $ 30 (as you thought, the price decreases)
- You buy all 100 units one more time, but now their price is $ 3,000
- Then you give back the 100 units to the loaner
- The rest is yours, so, you will have made $ 2000
It all sounds more complicated than it really is. Just know that by trading in Xpeng on eToro, with CFDs you can earn money if you foretell downs in the price.
Instruments you can trade in this broker
Besides stocks, there are way more financial assets you can trade with .
Most investors trade with raw materials because of their stability. While other assets tend to fluctuate more, commodity prices vary less and offer security against inflation or market volatility. However, prices do depend on supply and demand, so if an economic situation produces greater demand for a certain good, its cost will also increase.
Remember that the only intended profit from the investment in raw materials will be the hypothetical capital gain after selling them: unlike shares, these don't pay dividends.
Commodities can be classified into two main categories: hard raw materials and soft raw materials. The former include precious metals (such as gold, silver, copper, and platinum), industrial metals, and oil; and the latter are agricultural resources, like cocoa, soybeans, rice, or sugar, among many others.
Virtual portfolio: How does it work?
Are you taking your first steps in trading? Using a demo account can be useful. Just assure yourself that the virtual mode is set and you can start practicing with a “fictional” amount.
This can be a great way of gaining experience and confidence before starting to trade with real money. You will have an amount of $ 100.000 (“fake” or virtual, of course) to begin with, and you can operate with a variety of assets, not just with Xpeng.
If your first attempts don't go as planned and you lose your funds, you can always ask eToro support to replenish $ 100k of virtual funds. You'll probably do better on the second attempt.
Take into account that investing is mainly about being cold-minded, and perhaps using a demo portfolio can prevent you from controlling your impulses. It will never be the same as risking your own money.
Finally, if you intend to invest in the medium or long-term, with earnings almost guaranteed only by duplicating an index, it is absurd that you waste years investing in virtual mode. On the other hand, the virtual mode can be helpful to experiment with short and medium-term investments.
How does eToro work?
We said previously that eToro is very friendly and intuitive. Anyone can start using it without having to read endless explanations.
You won't have any problems with the interface if you have used any other social network.
Now we will detail the sign-up process and the different sections of the eToro interface that you should familiarize yourself with.
You will have to fill in some information requested when registering.
They will also ask you about your previous trade experience.
But don't feel intimidated, there is no right or wrong answer. The only intention is to know more about you and be clear about which financial instruments they should suggest according to your knowledge and experience.
Let's review the different functions of the interface.
In “Set Price Alerts”, you have, as its name says, the possibility to put alarms on the price of certain securities. You only need to click on the three points at the end of the line and you will be able to program a price alert. It is a very useful tool for when you are after a security which price is decreasing, but it seems to you that it has not finished falling yet.
“News Feed” is for social purposes. This is the section where users can share opinions and information.
“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. As we mentioned previously, the six types of instruments on eToro are:
- Index funds
In the section “People” are all the profiles and historical performances of other investors, and you can replicate their movements with just one click. This is where the “social trading” concept is best applied.
Through the search engine, you can find the investors that best suit your interests: by average earnings, types of instruments or risk level, for example. Just indicate the amount you want to invest and eToro will be in charge of replicating the movements made by the investor you selected, in proportion. “In proportion” means that if you put $ 1000 and the investor puts 10% of their capital in Amazon, eToro will invest $ 100 of your balance in that asset.
Also, here you will see CopyPortfolios classified into: Top Trader, Market, and Partner.
Remember that in some cases, it might be better to copy from CopyPortfolios than to other users, since the former offer more diversity. The portfolios are easily identifiable: one about gaming, another about large drone companies, another about pharmacy … You think that a certain sector is going to succeed in the future? Then you will surely find a CopyPortfolio about it.
Frequently asked questions
* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.