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www.etoro.com *
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How to buy
For those who live in Philippines, the best way to invest in Huawei shares is, without any doubt, this popular broker.
eToro*, one of the main brokers around the world, is registered and licensed, among others, by the United Kingdom's Financial Conduct Authority (FCA).
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 Philippines, 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 “Verify my email” 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 Huawei rising while you wait for your transfer to be done.
How to make your first purchase
As soon as eToro has confirmed the receipt of your credit, you just have to search for “Huawei” 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.
Contents
Huawei is one of the largest technology and telecommunications companies in existence today. Its best-known product is smartphones, but it also produces telecommunications equipment, routers and modems, consulting services and software.
Like many of today's large companies, Huawei started with a modest capital of 3 thousand dollars and 3 employees. It was in 1987 when engineer Ren Zhengfei founded the company in the city of Guangdong to distribute imported telephone exchanges.
During those years, China was looking to modernize the country's telecommunications and Huawei's founder saw the opportunity to scale his venture to a national telecommunications company. Thus, he interspersed the commercialization of telephone exchanges with the practice of reverse engineering from which he hoped to develop his own product.
Thus, in 1993, Huawei launched a telephone switch completely developed by them and which was better than any of those available in China at the time. And this first step was enough for Huawei to become what it is today.
Evolution of Huawei
If anything characterizes Huawei, it is the speed with which it adapts to market requirements and advances in technology.
In its evolution it went through manufacturing products based on GSM, CDMA and UMTS technologies. The production of routers and LTE telecommunications equipment, as well as its cell phones being in 2009 when Huawei would produce its first smartphone with the Android operating system.
One of its milestones was the Huawei P40 whose camera completely eclipsed all other devices available on the market at the time regardless of whether it was Samsung or Apple. There was no one who at the time did not see the advertising of the smartphone, listen or read something about it.
Subsequently, already framed in the trade war between the United States and China, Huawei was one of the sanctioned and most damaged companies. First, Google was banned from selling the Android operating system for Huawei cell phones. Secondly, because of Trump's accusations of espionage, with which he asked his allies not to maintain relations with the company.
But despite this, the company has found a way around the obstacles to the point that the sanctions have not prevented it from becoming the world's largest cell phone manufacturer. Likewise, Huawei continues to lead the development and implementation of 5G technology worldwide.
And all this just goes to show how big Huawei has become, to the point that the world's leading economy cannot fully exert its power over it.
Can you rely on eToro?
eToro is very careful with the information about past performances from users, and its reliability has been independently tested several times.
The main headquarters of eToro is in Cyprus, and therefore it is certified by the CySEC or Cyprus Securities Market Commission, which covers debts up to € 20,000 from its clients, including those from Philippines. On the other hand, eToro meets all the strict requirements of the European Union.
In Europe, it is 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 worked for fifteen years, with more than 20 million users, so we can rest assured that our funds are in good hands.
Finally, their customer service functions perfectly. You can use the ticketing system, an online chat, and they also have a phone number available for assistance.
How to deposit funds into your eToro account
Within the payment options available on eToro are: bank transfer, PayPal, credit card, Neteller, and Skrill. There is not much to explain here: making a deposit with eToro is a very easy process. Just go to “Deposit funds”, type the amount and select your preferred method.
Consider that for security reasons, you need to be the owner of the credit card or the account.
The lowest amount is $ 200, and there is a maximum allowed for unverified accounts, so if you want to trade with higher amounts, contact Support previously to verify your account.
eToro allows deposits in any currency, but you will have to pay a fee for the conversion to USD. That is why we suggest, if possible, using USD directly.
These are the financial instruments you can operate with in this broker
Besides stocks, there are other financial assets available.
Index Funds
Index funds are most adequate for those interested in long-term trading, mostly for beginners. If you don't need an amount of money for the next five or ten years, index funds are the safest option.
You may have a different idea, but very few investors can beat their benchmark return (although you have probably heard of investors who obtain huge profits).
But besides Warren Buffett and a couple more, not everything is as good as it sounds: if you hear of someone who has beaten the index, it was probably for a short time, or their charges are really high. In the end, indexing is better because commissions are minimal. Besides, if something happened once or twice, it doesn't necessarily represent a regular behavior.
With index funds, you won't be concerned about that: although in the long term, they frequently beat active managers, and the charges are lower than you imagine.
What is an ETF?
Have you heard about Exchange-traded funds or ETFs? They are similar to index funds and are known for combining the advantages of stocks and mutual funds: they can be exchanged at any moment in the market, but have much more diversity and considerably lower rates.
Raw materials
The major attraction of trading with commodities is that prices are more stable than those of other financial products. In fact, their security is what makes people often invest in raw materials, to take refuge from financial insecurities or fears of inflation. Despite that, the prices of commodities are defined by their demand. Therefore, if a given economic situation provokes higher demand, the prices will also be higher.
Note that the only intended profit from the investment in raw materials will come from their further sale because, unlike shares, commodities do not give returns or pay interest.
Commodities can be divided into two main categories: hard raw materials and soft raw materials. The former are precious metals (such as gold, silver, copper, and platinum), industrial metals, and oil; and the latter are agricultural goods as sugar, coffee, corn, soy.
Currency market
Forex or currency trading allows obtaining profits by converting one currency for another.
If you decide to exchange the EUR/USD pair, you speculate how many dollars it will take to buy a euro, with the expectation that the euro will raise its price compared to the dollar. Therefore, if you bought each euro for 1.15 USD and you sell them back when they are worth 1.20 USD, you'll be earning that margin.
As you may have already inferred, operating with foreign exchange usually implies large resources, because prices rarely increase that much, or using much leverage, which could be incautious, as you know. If you are new to the world of trading, we don't recommend beginning with this market, because it is very risky and intricate.
The most common currency pairs are available on eToro but consider that in this market sales are made through contract for differences, thus you will not be the owner of the real asset.
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.