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In this article, we’ll cover how to buy Amazon stock on a commission-free basis with a top-rated, regulated online trading platform.

Despite this month’s bear market, with most stocks recording a drop in prices, Amazon has shown resilience. Amazon stocks shot up by 0.94% to $3,731.41 while the S&P 500 index continues on a downward trajectory. Analysts have pointed towards Amazon’s latest deal with Comcast, which appears to be fuelling the current price performance.

How to Buy Amazon Stock – Quick Guide

  • Open a live trading account with eToroeToro is a copy trading platform that offers stock trading with 0% commission and is fully regulated by the UK’s FCA, ASIC, and CySEC. Simply head over to their website, tap on Sign up and create a new brokerage account using your personal details.
  • Upload ID – In keeping with strict KYC compliance you will need to verify your identity and address by uploading copies of your passport and a recent bank statement or utility bill.
  • Deposit funds – Funding your account is quick and easy as eToro supports a wide range of payment methods including credit/debit cards, PayPal, Neteller, Skrill, bank transfers, and more. Simply log in, tap on Deposit Funds, specify the amount and the fiat currency and then pick the deposit method that suits you.
  • Buy Amazon stock – Type AMZN in the search bar. Clicking on Amazon will populate a trading window where you can tap on the Trade button. Once you have entered your total stake, clicking on Open Trade allows you to buy Amazon stock.

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider.

Buy Amazon Stock with eToro – Step by Step

Step 1: Opening a Live Trading Account

eToro create account

To open a live trading account with eToro you will need to make your way to the website and click on the ‘Join Now’ link. This will populate the following online form where you will be required to enter all your personal details to set up a new trading account.

You are required to fill in all the relevant details as requested by eToro. Alternatively, you can log in with your Gmail or Facebook accounts. Before you submit the information you provided you are required to accept the Terms & Conditions and privacy policy. Then simply click on the ‘Create Account’ button.

Step 2: Verification

In keeping with the KYC process, eToro requires all new traders to supply proof of identity such as a copy of a valid passport, and confirmation of residence in the form of a valid bank statement dated within the last six months.

As part of the KYC regulations, new users need to answer a series of questions for eToro to better ascertain what type of service is perfectly suited to each trader’s profile and experience level.

Step 3: Deposit Funds

Depositing funds into your new eToro account is a streamlined, fully digital process. There is a wide range of payment methods available including debit cards, credit cards, bank transfers, and an array of e-wallets such as PayPal and Neteller.

eToro fund account

Making a deposit can be done in four simple steps as shown in the screenshot above.

Step 4: Buy Amazon Stock

You can either trade or invest in Amazon stocks:

  1. You can speculate on stock price movements via CFD derivative instruments, which allow you to use leverage to increase your buying power, and trade in both directions.
  2. You can trade stocks via traditional investment methods such as buying and selling real stocks.

The key difference between these two approaches is that with CFDs you do not take ownership of the underlying stock.

Buy Amazon stock on eToro

To buy Amazon stock through CFD derivatives, simply type ‘Amazon’ in the search bar and click on the relevant result. Then tap on ‘Trade’ and pick either BUY or SELL based on your trading goals. Next, enter the stake amount, choose the amount of leverage and place your preferred order type. Finally, click on ‘Open Trade’ to execute your investment.

Best Online Brokers to Buy Amazon Stocks Reviewed

With Amazon making up one of the four most popular FANG stocks in the Nasdaq stock market and boasting a market capitalization of $1.88 trillion, it is common practice for online trading platforms to give their clients exposure to Amazon stocks.

But with so many online brokers to choose from, how do you know which one suits your trading needs best? In this section, we’ll review a couple of the top-rated and best online stock trading platforms out there, paying close attention to key metrics such as fees and regulations.

1. eToro – Leading Copy Trading Platform with Commission-free Stock Trading

etoro logo

eToro is a social trading platform that offers access to many financial markets and tradable assets. Since its launch in 2006, eToro has become home to more than 20 million traders worldwide. This online broker has some of the most competitive trading and non-trading fees on the market, with free stock and ETF trading, and no account or deposit fees.

One of eToro’s best selling points is that it enables you to buy hundreds of stocks, including Amazon, in the traditional way as well as stock CFDs. By trading CFD derivatives you can trade on a speculative basis, as well as use leverage of up to 5:1. Traders who hold a CFD stock position, do not take ownership of the underlying asset or obtain shareholder rights.

Being a social trading platform means that you can communicate and interact with the rest of the trading community on the eToro platform, in a similar fashion to popular social media networks, only in an online trading environment.

67% of retail investor accounts lose money when trading CFDs with this provider.

eToro also facilitates copy trading features such as CopyTrader and CopyPortfolios. This means that you can browse through the public profiles of hundreds of eToro experienced investors and copy the trades of your most favorite based on metrics such as past performance and risk ratings. Furthermore, you can also invest in themes or a portfolio of investors with the click of a button.

The minimum deposit for US-based investors is just $50, and there are no deposit or account fees. All in all, eToro traders can buy Amazon stock for as little as $50, $250 worth of Amazon shares, or more or less, which is perfect for beginners as Amazon stocks are priced at more than $3,700 per share. This is possible because eToro supports fractional share trading, which means that you can invest as little as $50 to buy a portion of the whole expensive stock.

Is eToro safe? When it comes to client fund protections and regulations, eToro is regulated and authorised by several top-tier financial authorities including the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission(CySEC), and the Australian Securities and Investments Commission (ASIC).

Additionally, depending on your country of residence, you are covered by the ruling regulator’s investor protection schemes and negative balance protection.

eToro Pros & Cons

What we like

  • Invest as little as $50 with fractional share trading
  • Paper trading account with a $100,000 virtual balance
  • Copy Trading tools
  • Mobile trading app enables trading anytime, anywhere
  • Regulated by FCA, CySEC, ASIC

What we don’t like

  • The only supported base currency is USD

67% of retail investor accounts lose money when trading CFDs with this provider.

2. – Best CFD Zero-Commission Broker Providing 2,700+ stock CFDs

Established in 2016, is a global CFD and forex trading platform that gives its traders exposure to 15 international markets and access to a wide range of financial instruments including Amazon stock CFDs.

Other than stock CFDs, you can also invest in forex CFDs, stock index CFDs, crypto CFDs, and commodity CFDs. Unlike eToro, you cannot invest in stocks in the traditional way which gives you ownership rights. However, users can trade stock CFDs with leverage of up to 5:1, which means you can start investing with as little as $100 to open a trade of $500.

75.26% 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.

Whatever financial asset you choose to trade, operates on a commission-free basis. Moreover, you also have access to some of the lowest spreads. For instance, some of the most popular, best stocks like Amazon and Microsoft can be traded with spreads as low as 0.09 pips.

By trading CFDs on AMZN stock, you speculate on the rise and drop of its market price, without taking ownership of the underlying asset. The web-based trading platform enables investors to customize their market analysis with advanced technical indicators such as Bollinger Bands and MACD.

For example, you can set up AMZN analysis and fundamental data as a dominant part of your feed. offers real-time market updates and several chart formats, compatible with Windows and Apple operating systems, as well as iOS and Android mobile devices. Pros & Cons

What we like

  • Commission-free stock CFD trading
  • Wide variety of payment options including Apple Pay
  • 24/7 customer support
  • Regulated by the FCA and CySEC
  • $20 minimum deposit

What we don’t like

  • Cannot set price alerts on the web trading platform

75.26% 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.

Amazon Stock Price

Amazon stocks rallied to record levels this month despite CEO Jeff Bezos relinquishing the reins to Andy Jassy. AMZN stock jumped to all-time highs earlier this week reaching the 5% mark at $3,675.74 per share.

Amazon stock eToro charts

Amazon Fundamental Data

Market Cap $1.88T
Price-to-Earnings (P/E) Ratio 71.01
Revenue $419.13B
Earnings Per Share 52.5469
Dividend (Yield) 0 (0%)
Previous Close 3731.41
Day’s Range 3690.35 – 3755.11
52 Week Range 2869.32 – 3755.11
1-Year Return 17.47%

Why did Amazon stock go up? & What are the Amazon stock forecasts?

The reasons for Amazon stock rallying in early July are twofold:

  1. The $10 billion JEDI (Joint Enterprise Defense Infrastructure) contract, a major US Department of Defense cloud computing contract, was scrapped shortly after being awarded to Microsoft. Amazon stocks rallied to record-level highs on the news that it could potentially win the JEDI contract. In the middle of the week, Amazon stock jumped by 0.7% to $3,703.
  2. By the end of June, Comcast Corp. signed a deal to allow its Peacock app to be accessed on Amazon devices. Peacock is managed by Comcast’s NBCUniversal division and provides a combination of live sport and entertainment content. With more than 42 million active users, this Comcast-Amazon partnership has rallied a lot of investor interest, especially as live streaming services are in high demand during the current social distancing measures.

Amazon Stock Price History & Forecast

Established by Jeff Bezos in 1994,, Inc. started as an e-commerce bookstore. Consequently, in 1997, Amazon stocks were offered to the public via its IPO (initial public offering).

Since being listed on the NASDAQ exchange under the ticker AMZN, Amazon has continued on an upward trajectory, which now boasts one of the largest market caps in the major US exchange.

Amazon's financial summary on eToro

During its IPO, Amazon stocks were priced at just $18, whereas now at the time of writing in July 2021, Amazon stocks are priced at $3,719.34. In other words, this is a stock price increase of 20,563%. If we compare the current AMZN stock price to the same time last year we find that there has been a 28.3% increase.

Let’s take a look at Amazon stock’s historical data for July 2021 in the following table:

Date Price Open High Low Vol. Change %
Jul 09, 2021 3,719.34 3,721.25 3,745.27 3,694.70 3.75M -0.32%
Jul 08, 2021 3,731.41 3,641.99 3,759.54 3,622.04 5.18M 0.94%
Jul 07, 2021 3,696.58 3,721.00 3,734.20 3,680.32 5.33M 0.57%
Jul 06, 2021 3,675.74 3,530.42 3,685.00 3,529.49 6.74M 4.69%
Jul 02, 2021 3,510.98 3,451.64 3,511.72 3,436.92 3.18M 2.27%
Jul 01, 2021 3,433.00 3,435.90 3,457.00 3,410.00 2.04M -0.21%

What is the Amazon stock price forecast for the rest of Q3 and Q4?

According to CNN Business, the Amazon stock price forecast for the next 12 months indicates an upward trajectory with over 40 financial analysts forecasting a median target of $4,224.95, a high estimate of $5,500.00, and a low estimate of £3,775.00. The average forecast of $4,224.95 suggests a potential 13.59% increase from its previous price.

Most investment analysts would agree that investors and traders should buy Amazon stock.

Amazon Dividend

A tell-tale sign of a good dividend stock is how sustainable the payout is. When the percentage of a company’s revenue that is distributed amongst stakeholders as dividends become too high for extended periods, it’s a cause for concern. Payout ratios that hit the 100% mark signal that the company is either using cash reserves or using loans to pay dividends to its shareholders. Typically, the company will have no choice but to minimize or postpone dividends.

Another way to identify a profitable dividend stock is whether the business is broadening its network of regular consumers. This indicates that the consumers value the company’s goods and services. This then helps to boost revenue and net earnings in the long term. Having a strong pool of loyal customers acts as a catalyst for sustainable growth and dividend payouts.

With this in mind, it may come as a surprise to learn that currently, Amazon does not pay dividends. However, based on these two metrics that we have discussed Amazon definitely has what it takes to become one of the best dividend stocks out there.

Amazon’s main focus now seems to be reinvesting its net earnings into expanding its business, which during the peak of the Covid-19 pandemic saw a dramatic increase in sales and engagement. Partly due to social distancing and global lockdowns, consumers opted for online shopping as opposed to traditional brick-and-mortar shopping.

Amazon delivery during pandemic

During the last three years or so, Amazon has spent just under $60 billion on property, employing more staff, and other projects.

Should I Buy Amazon Stock?

Investors are watching Amazon stocks very closely especially after its streaming deal with Comcast was announced last week.

As we have already mentioned, under the terms of the agreement, new theatrical releases will feature on Amazon Prime Video after premiering on Comcast’s Peacock app. Amazon stocks have a robust Buy rating as the company has a strong presence in both the cloud computing and e-commerce sectors.

All-time high Amazon stock closing price recorded at $3,731.41 on July 8th, 2021.

During the last 52 weeks, Amazon stocks have rallied roughly 18%, making it one of the best-performing stocks in both the Nasdaq 100 and the S&P 500 indices. In Q1 2021 sales rose by more than 40% compared to the same time in the previous year, its fastest rate of growth in a decade of business. With incessant demand, Amazon recruited over half a million employees last year, sending its total workforce past the 1.29 million mark.

Amazon chart eToro

The recent rally and positive market movements have boosted Amazon’s market cap by more than $60 billion, as it currently sits at $1.88 trillion.

How will Amazon continue to expand its business?

“We first measure ourselves in terms of the degree to which our customers continue to purchase from us on a repeat basis, and the strength of our brand. We have invested and will continue to invest aggressively to expand and leverage our customer base, brand, and infrastructure as we move to establish an enduring franchise.”

This is a section taken from the letter sent to Amazon stockholders in 1997, and it still rings true 24 years later in 2021. Amazon has built a company with a market cap of more than a trillion dollars and yet continues to strive towards greater expansion and diversification.

Amazon could potentially expand further in the following ways:

  • The e-commerce giant has its sights set on India as there is huge potential for expansion as online sales were just 1.6% of all retail sales in India, in contrast to 15% in China. The retail market in India is forecast to surpass the $200 billion benchmark towards the end of 2025, and e-commerce companies such as Amazon can capitalize on these growth drivers.
  • In 2018, Amazon bought the online pharmacy company PillPack and with the e-Pharmacy market expected to grow by more than $100 billion, Amazon could benefit from this new venture.
  • Amazon Prime subscribers continue to renew memberships, and the e-commerce giant now boasts a customer base of 150 million. With added perks including next-day delivery, limitless music streaming, Prime Video, and access to Amazon Fresh and Whole Foods, Amazon Prime continues to grow year on year.
  • Cloud computing with Amazon Web Services (AWS) is used by millions of customers worldwide to minimize costs, increase productivity and flexibility, and evolve at a faster rate.

Amazon Stock Buy or Sell?

So, should you buy or sell Amazon stocks? According to top equity research firms including JP Morgan and Morgan Stanley, the general consensus amongst the investing community is that Amazon stocks have a huge buy recommendation as the e-commerce giant has a wide range of avenues to expand its business in the foreseeable future.

The coronavirus pandemic has spawned new challenges to the way we interact with each other and how major infrastructures function. Amazon has prospered during these difficult times and with new ventures, such as PillPack and e-pharmacy services offering new conveniences and exciting ways to shop online, normality is slowly gaining a new definition.

Amazon e-pharmacy PillPack

Moreover, with untapped potential in certain countries such as India, Amazon could expand both its reach and business to other key continents across the world.

Additionally, Amazon also has a chance to win the $10 billion JEDI contract from the US Department of Defense. According to officials, the contract is forecast to be awarded by Q2 2022.

In summary, we believe that Amazon is a great buy opportunity. The long-term business plans of the Nasdaq-listed firm are very feasible, and the fact that Amazon keeps creating innovative services and products helps maintain its upward momentum. If Amazon can continue to develop its AWS services, e-pharmacy branch, and influence of the food markets, then there is no reason to question long-term bullish trends over the long term.

Expert Verdict

Investors who got in at the ground floor are now looking at 6-figure percentage gains. With that said, Amazon is continuing to grow at an unprecedented rate with an all-time high stock closing price of $3,719.34 recorded on July 8th, 2021. Market analysts and financial research companies expect Amazon’s successful and impressive market performance to continue. With a market capitalization of $1.88 trillion, it’s easy to see why Amazon is amongst the best stocks to buy in 2022.

All in all, if you’re interested in investing in Amazon stocks while the iron is hot with a top-rated online social trading platform, we recommend using eToro. With commission-free trading, useful copy trading features, CySEC, ASIC, and FCA licensing, a free stock trading demo account with $100,000 worth of paper funds, and home to more than 20 million traders, eToro is an ideal stock trading platform to buy Amazon stock.

To buy Amazon stock today with as little as $50, simply follow the link below and access fractional share trading with an eToro trading account.

eToro – Buy Amazon Stock With 0% Commission

etoro logo

67% of retail investor accounts lose money when trading CFDs with this provider.


How to buy Amazon stock

You can buy Amazon stock through eToro by opening a live trading account and depositing funds. Then all you need to do is search for Amazon in the search bar and click on trade. Then select the amount you wish to trade and place an order type and click on Open Trade.

How to buy Amazon stock directly

When you invest in stocks on eToro you will not have to pay a penny in commissions. Furthermore, you can buy in bulk or you can invest as little as $50 with fractional share trading. With no management fees, no rollover fees, no ticket fees, no commission, and no hidden additional broker fees the cost of buying AMZN stock is amongst the lowest in the online trading scene.

How much is Amazon Prime?

After a 30-day free trial, Amazon Prime is just $7.99 per month. The following are included with an Amazon Prime membership: convenient, free premium delivery, exclusive access to Lightning Deals and promotions, access to an expanding lineup of Amazon Originals, and heaps of trending movies and TV programs - all at no added cost and accessible from any device, stream more than 2 million songs on demand with Prime Music.

Who owns Amazon?

Amazon was established in 1994 by Jeff Bezos. He has since helped the e-commerce company grow to new heights with a market cap of $1.88 trillion. Jeff Bezos stood down as the Chief Executive Officer on July 5th, 2021.

How much is Amazon stock?

After reaching an all-time high stock closing price of $3,731.41 on July 8th, 2021, at the time of writing Amazon stock is priced at $3,719.34 (NASDAQ: AMZN).

How many times has Amazon stock split?

Will the e-commerce and cloud-computing firm Amazon declare a stock split in the foreseeable future? It could happen considering that Amazon stock is trading at more than $3,000 per share. Since its launch in 1997, Amazon has split its stock on three occasions: 2-for-1 (June 98), 3-for-1 (January 99), and 2-for-1 (September 99).


About Dassos Troullides
About Dassos Troullides

Dassos Troullides is an experienced finance writer who specializes in CFD, stock, and crypto trading. He uses his experience and time spent in the forex industry to simplify complex financial topics for easy, informative reading. Dassos also writes for,,,, and

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