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How to buy
For those who live in Kenya, the best way to invest in Apple 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 our language, accepts users from Kenya, 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 inbox: 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.
If you have a choice, we do not recommend bank transfer because it takes longer, and it can be very frustrating to see the price of Apple rising while you wait for your transfer to be done.
How to make your first trade
When eToro has confirmed the receipt of your credit, you just have to search for “Apple” 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.
About this company
Apple is a technology company whose business model includes the design and manufacture of electronic products, software and online services. It also includes the commercialization of these products, since the company itself owns more than 400 stores worldwide.
Since its founding and the success of Apple II in 1976 until today, Apple went from being a garage company to what it is today: one of the top 5 and largest companies in the technology sector along with Google, Facebook, Microsoft and Amazon. Apple being the first company to reach a market capitalization of more than 1 trillion dollars.
Apple products and innovation
Being Apple a technology company, it has a serious commitment to innovation. That is why year after year we see how Apple creates new products or improves existing lines. Just look at the evolution of the iPhone, iPad or Mac, to which we can add the Apple Watch and Apple TV.
In addition to this and framed in its business internalization model, Apple developed its own processor called Apple M1 which will be used in all its devices, thus eliminating the dependence it had on chips manufactured by Intel.
With the Apple M1, the company has promised that all its devices will make a quantum leap, starting with Macs. Although it is certain that they will then start using their Apple M1 in all other devices.
The secret of Apple's business
In addition to what was exposed in the previous point, much of Apple's success is given by its marketing strategy. This strategy goes from the most basic: creating the need for the product; to the most important: building customer loyalty.
Apple takes the latter to the point that its customers are its best marketing and there is no need to give much explanation about this. After all, we all know an Apple user who recommends and defends to the death all Apple products.
The success of Apple products and the Apple brand is fully reflected in its stock price. This is how Apple's share price went from $ at the time of its IPO, to the prices we have today.
And given the nature of Apple as a company, it is only natural that its share price will continue to rise over time.
eToro, our recommended platform
- You can learn from other investment tactics
- Allows you to short sell
- Very intuitive and simple
- eToro offers leverage
- There are uncountable products you can invest in
Homepage: www.etoro.com *
You should consider eToro if you are thinking about purchasing Apple shares from Kenya.
eToro is famous for making “social trading” fashionable, a revolutionary way of investing in which traders can repeat the strategies of other investors who have been generating income for a long time.
If you are a novice user or do not have much experience in investments, eToro is great for you, since it puts your investment on automatic by repeating strategies from experienced traders with a long profit history. And for those skilled investors willing to share their techniques with the community, eToro rewards your knowledge with money.
It is also worth mentioning how easy is to manage this platform, ideal for beginners who are starting in the investment world.
Is eToro trustworthy for purchasing Apple?
Many independent tests have been applied to the platform to verify its integrity in the treatment of data from previous users. Every time, results have shown that eToro is very meticulous with the information.
eToro fulfills all the strict regulations requested by the European Union, legislation in which it is found. Specifically, its main offices are in Cyprus, and it is approved by the Cyprus Securities Market Commission or CySEC, which can cover up to € 20,000 of the debts that its clients may have with creditors (those from Kenya included).
It is also backed by the European Financial Instruments Market (MiFID), and in the USA it responds to the Financial Conduct Authority (FCA). Besides all these regulations, eToro has more than 20 million users all over the world, and it has been operating for the last fifteen years. To sum up, we can be confident that our money is in good hands.
It is also important to mention the good functioning of its customer service. They have a phone number for assistance, a ticketing system, and a live chat.
How to deposit funds on eToro
Within the payment options accepted on eToro you will find: bank transfer, PayPal, credit card, Neteller, and Skrill. Making a deposit with eToro is so simple: click “Deposit funds”, type the amount and choose a payment method from the previous ones.
Remember that for security reasons, you need to be the holder of the credit card or the account.
You can start with a $ 200 deposit, and there is a limited maximum for unverified accounts. So, if you intend to operate with large amounts, you should contact Support to verify your account first.
eToro accepts deposits or transfers in any currency, but you will have to pay a fee for the conversion to USD. That is why we suggest, if it is in your hands, depositing in USD from the beginning.
What are the assets you can trade in eToro?
You already know about stocks, there are other financial assets you can trade .
About Index Funds
If a long-term investment sounds like something you would do, and you won't need to withdraw your money in five years or maybe a decade, index funds can be the best alternative. This type of investment is also great for beginners since the risks are much lower. Besides, they offer more diversity.
Perhaps you have a different idea, but very few fund managers can beat the benchmark (yes, you have probably heard of investors who achieve huge returns).
But putting aside some unusual cases (like Warren Buffett's), not everything is as good as it sounds: when someone brags about having beaten the index, they have probably done so for a short time, or will charge you so many commissions that it ends up being better for you to index (whit minimal commissions). Also, if something happened in the past it doesn't mean necessarily that it will happen again in the future.
Index funds offer these two advantages: although in the long term, they frequently beat active managers, and the charges are so much lower.
What is an ETF?
ETFs or Exchange-Traded Funds are a type of passively managed fund, similar to index funds. We can say that ETFs are somewhere between stocks and funds: they can be traded like regular stocks, but include a wide diversity of assets and the rates are much lower than those of an actively managed fund.
Most investors trade with raw materials due to their stability. While other assets tend to fluctuate more, commodity prices vary less and offer security against inflation or market volatility. However, prices are subject to supply and demand in the market, so if an economic situation produces greater demand for a certain good, the price will also rise.
Consider that the only intended income from the investment in raw materials will be the hypothetical capital gain after selling them back: unlike stocks, these do not distribute dividends or pay interest.
There are two main types of commodities: hard raw materials and soft raw materials. The former are precious metals (such as gold, silver, copper, and platinum), industrial metals (for instance, iron, nickel, or aluminum), and oil; and the latter are agricultural goods as cocoa, soybeans, rice, or sugar, among many others.
What is known as Forex trading consists in the trading of currencies. It's the conversion of one currency to another to make a profit through the operation.
If you decide to exchange euros and dollars, you speculate how many dollars it will take to buy a euro, thinking that the first currency (the euro) will raise its price compared to the second (the dollar), to make a profit by selling it. Assume you entered when the price of one euro is 1.10 USD and you leave when it reaches 1.15: that difference is yours once you make the operation.
As you may have already inferred, this type of trading requires investing a lot, because prices rarely increase that much, or using much leverage, which you know is a risk. Our advice for those who are new in the world of trading is not to start with Forex, but with a safer and more secure market.
The most known currency pairs are available on eToro but take into account that in this market sales are made through CFDs, so you will not own the real asset.
Do you know what “social trading” is?
eToro was the first platform that proposed social trading, and this new concept became very successful. Lots of other brokers copied this idea, but eToro is still the best.
But it wasn't just about creating yet another social network to talk about investment. The main innovation was in the possibility for users to copy the strategies of advanced investors, who were in turn paid for their ideas.
When you enter eToro you will see in the menu on the left the options “Copy People” and “Invest in CopyPortfolios”.
“CopyPortfolios” contain a collection of assets of a certain sector. For instance, if you heard that the gaming sector is going to succeed shortly but you don't have enough information (or time) to choose stocks, you just have to invest in the CopyPortfolio “InTheGame”, which includes Google, Microsoft, NVIDIA, Nintendo, Logitech, AMD, Intel…
You should know that in the past year, CopyPortfolio has generated returns of 100%. And you can benefit from it just by choosing a portfolio, enter your selected amount, place the stop-loss and click on the “Invest” button.
But you can also copy other successful investors of the site. It is really simple: you can find them with “Copy People” and just replicate their strategies.
You will find in the profile of each user: the kind of assets they operate with, their risk profile (a higher risk implies higher possibilities of earning more or losing more money), as well as their performance history.
And although duplicating other people's investments is very interesting, I also recommend taking advantage of the community to read other users and learn from their experience. It is great for acquiring important knowledge, especially if you intend to turn investing into a lifestyle.
You can trade cryptocurrencies using several different methods: from purchasing and waiting to day trading (taking advantage of price volatility).
If you are just beginning in the world of investment, my suggestion is something in the middle: placing a dynamic stop-loss (15-20% under the highest price) when you open your operation and wait for it to work its magic.
This means that if, for instance, you acquire a cryptocurrency at $ 10, it reaches $ 20 and then decreases to $ 12, your stop loss will take you out of the trade at $ 16-17 and you will have earned a decent profit.
It might sound way better to sell when the cost is at its maximum, but that is simply not possible. The above method is much more realistic and, well applied, it can work very well.
And when you have more experience, you can take your first steps with advanced investment strategies, such as using leverage or going short to profit from bear markets.
How to use eToro
We already said that one of the best things about eToro is that the platform is very friendly and easy to use. You don't need to read a lot or have previous knowledge to start trading.
You won't have any problems with the interface if you are familiar with any other social network, like Twitter or Pinterest.
We will talk about how to register and the different tabs you will find on the platform.
You will have to provide some personal information (like full name or address, for instance) when registering.
To complete your registration, you will see that they ask you some questions about your experience at investing.
But you don't need to worry: it is not an exam. It is only a way of finding out how much knowledge you have and what type of assets they can suggest. For example, if you have never invested before, they will not recommend that you invest in futures.
You will see a bar that says “incomplete profile” until you fill in all the information.
Let's see what the different sections of the page are.
In the “Set Price Alerts” tab, you have, as its name says, the option to put alerts on the price of certain assets. It is a very useful tool for when you want to buy an asset that is falling, but it seems to you that it will decrease even more.
The section “News Feed” allows users to interact and learn from each other by sharing their opinion and experiences.
In “Discover” you will find: “Instruments”, “People” and “CopyPortfolios”. As we discussed previously, the six types of instruments on eToro are:
- Raw materials
- Index funds
In the tab “People”, you can find the public profiles of eToro users and their performances. This is where “social trading” makes sense since you can copy with just one click the movements of the users that inspire you the most.
You will be able to search and find users according to your interests. When you choose an investor and indicate how much you want to invest, eToro will automatically replicate their movements, in proportion. If you have $ 1000 and the user puts 20% of their funds in an asset, eToro will invest $ 200 of your funds in the same asset as well.
You will also see the CopyPortfolios divided into three main categories: “Top Trader”, “Market” and “Partner”.
Remember that in some cases, you might prefer copying to CopyPortfolios than to particular users, because the former offer more diversity. There are all kinds of portfolios that you can find easily and are divided by sectors. So, if you think a specific sector, such as gaming or pharmacy, has a good chance of prospering, you can look for that specific portfolio and do your investment.
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.