How Do I Buy NIO Stock on eToro?

Written by Nadav Zelver

Reviewed by Wikitoro Team

To buy NIO stock on eToro, first login or create an investment account with this broker. Then, look for "NIO" in the search bar, select the asset under the Markets category, and click the "Trade" button. Input your desired investment amount, leave the leverage to X1,  set your stop-loss and take-profit preferences, and then hit "Open Trade" to finalize the order.

Getting Started

NIO, an innovative electric vehicle and clean energy company, has been drawing significant investor interest lately. If you're attracted to NIO's growth potential and innovative approach in the EV sector, eToro provides a straightforward platform for investing in its stocks. To aid you in this journey, I've put together a user-friendly guide for trading NIO stocks on eToro, designed to simplify your investment process.

Step 1: Login or create a trading account with eToro if you don't have one

For newcomers to this broker, start by setting up an account on their platform. Simply go to their website or use their app to register. If you're a returning user, access your account by logging in.

Step 2: Enter "NIO" on the search bar and hit the associated "Trade" button

Once inside your account, head to the search bar. Punch in "NIO". Among the results, pinpoint the eToro NIO asset under the Markets category. When you spot it, tap the "Trade" button adjacent to the listing.

Step 3: Input the sum you'd like to invest and keep the leverage to X1

Specify the amount you're prepared to invest in this stock. The smallest trade size you can set is $10. Following that, don't modify the eToro leverage and let it stay at X1. Using leverage would change your investment to stock CFDs so stick to the default setting in order to buy real stocks.

Step 4: Adjust the take-profit and stop-loss based on your trading inclinations

At this stage, your trading strategy becomes paramount. Determine your eToro stop-loss and take-profit configurations. If these settings seem a bit mystifying, it might be worthwhile to delve deeper with some research to match your investment ambitions.

Step 5: Press "Open Trade" to finalize the buy order

Feeling confident? Wonderful! Now, hit the "Open Trade" button. Voila! You've now acquired NIO shares through this online investment platform.

Final Thoughts

For individuals venturing into the realm of trading, I've observed eToro's platform to be remarkably intuitive, ensuring a streamlined trading escapade. Hence, if NIO shares are on your investment radar, this broker stands as a commendable gateway.