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GameStop Corp has attracted a lot of attention earlier this year when a number of institutional investors decided to short its stocks. In doing so, they wanted to make a profit but doing it nearly destroyed the company. It managed to survive due to a Reddit group of retail investors known as WallStreetBets, which started a new campaign to buy GameStop shares.

Mass purchases saved the company, even causing its stock price to skyrocket to a new all-time high. Since then, the situation calmed and the GME stock price settled below $200. If you wish to learn how to buy GameStop shares, then this is the guide for you.

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$5

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0,01-2%
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0% - 0.58%

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700+
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£0

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CFDs
0.01 - 350 pips
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0.09 - 85 pips
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0.01 - 4 pips
Total Fees (over 12 months)
$ 0.60

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£0
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1:30
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700+
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£0

Fees per trade

CFDs
0.01 - 350 pips
Crypto
0.09 - 85 pips
Stocks
0.01 - 4 pips

Rating

Total Fees (over 12 months)
$ 0.00
What we like
  • No deposit or withdrawal fees
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0.03- 0.06%
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0.05 - 2%
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$ 0.00

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How to Buy GameStop Shares

Step 1 – Choose a Stock Broker

Finding the right broker for buying GameStop shares is the first of three crucial steps of our How to buy GameStop stock guide. There are many brokers out there in the world, but only a few can be classified as good for retail investors, and even fewer are beginner-friendly enough for first-time traders to use them, while also being safe, regulated, and offering what you need.

In our research, we have come across two brokers that meet these requirements — eToro and Capital.com. Here is what you need to know about them.

1. eToro — The best broker to buy GameStop shares

buy gamestop shares eToro is, without a doubt, one of the best stock brokers in the world. It has been around since 2007, offering its expert services to retail investors for nearly 15 years. The company’s platform is very user-friendly and easy to navigate, which makes sense, given that it targets those who do not have too much experience with trading.

This is also why the minimum deposit for the platform is only $50, while most other brokers would require you to deposit hundreds or even thousands of dollars. Another thing that makes eToro an excellent choice is the fact that you can purchase any of the 2,500 global assets completely free of commission. You still need to pay spreads, which are very low, and there is a small withdrawal fee, so keep that in mind.

how to buy gamestop shares

In its pursuit of simplicity that would suit retail investors, eToro developed very simple analysis tools, which might be a bit too simple for experts to use. As such, it is not the best choice for professionals. But, beginners and first-time traders will likely have no problem finding their way around the platform.

eToro also offers access to a highly useful copy-trading feature, which allows you to find an experienced trader who trades on the platform and then copy their moves. As a result, you will see profits whenever they do, and if they are truly an expert — that might happen multiple times per day.

eToro is also extremely safe, being regulated by some of the most respected and reliable regulatory bodies in the world, such as the CySEC, FCA, ASIC, and more.

Pros:

  • Buy GameStop shares with no commission
  • Offers fractional investing
  • More than 2,500 global shares
  • Regulated by the biggest regulatory bodies in the world
  • User-friendly
  • Offers copy-trading
  • Minimum deposits of only $50

Cons:

  • Limited technical analysis tools

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.

2. Capital.com — The best broker for trading stock CFDs

gme stock forecast Capital.com is another very big and very popular broker and a great alternative to eToro. However, it is worth noting that this broker deals in CFDs primarily, so if you are interested in trading Contracts For Difference which use GameStop as their underlying asset, and are based on the GME value, then this is a pretty good choice.

Capital.com is a UK-based platform, and as such, it is regulated by the FCA, but also by CySEC. In terms of available global markets, however, it has over 3,000 of them, which is even more than eToro itself. All of this has attracted more than 360,000 users to the platform.

Many go to Capital.com to engage in trading with leverage, which allows them to enter a position with only a small portion of their own money, while the rest is borrowed from the broker. This is a good way to increase your earnings while not investing too much of your own money, but it increases the risks as well, as you have less room for mistakes, and your GME stock forecast will have to be a lot more precise.

Capital.com trading platform

Finally, it is worth noting that the platform is very user-friendly and inviting, so much so that its minimum deposit is only £20, which is among the lowest ones in the industry.

Pros:

  • Strongly regulated platform
  • Very user-friendly
  • Allows for commission-free trading
  • Offers access to over 3,000 global markets
  • Low spreads
  • Doesn’t charge deposit/withdrawal fees
  • Minimum deposit is only £20,
  • Offers spread betting

Cons:

  • No investing accounts

76.25% of retail investor accounts lose money trading CFDs with this provider.

Step 2 – Research GameStop Shares

The second big step of investing in researching the stock that you want to invest in, as well as the company behind it. You need to ask yourself questions such as “What is GME?” or “Why did Gamestop stock go up or down when it did?” and of course, always keep track of what’s going on with GameStop if you are keeping track of it to determine whether or not it is a good investment, and particularly after you have already invested in it.

With that in mind, here are some details about GameStop, as well as hints at what other details to look into when it comes to the companies you are investing in.

What is GameStop?

As mentioned the best way to start is not how to buy GameStop stock or what the GameStop stock forecast 2022 is, but what is GameStop in the first place? Looking into the company’s background is very important, as this is what will decide the market sentiment in a large measure. Companies without controversies and issues are far more likely to have their price grow as investors will feel more optimistic about them.

gme stock price

With that said, GameStop is an American video game, consumer electronics, and gaming merchandise retailer. It is based in Grapevine, Texas, and it is the largest firm of this type in the world. It was founded back in 1984, which makes it 37 years old at the time of writing. There are 4,816 stores associated with the company as of 2021, most of which (3,192) are located in the US.

GameStop Share Price History

Another thing to look into before searching on how to buy GameStop shares is what the GME stock price behaved throughout its history. This can show you if the stock is volatile or stable, and what to expect in the future.

When it comes to the GME stock price, specifically, for most of its history, its performance was mostly unimpressive. The stock fluctuated from the value of only a few dollars to a maximum of $60, never particularly standing out. Its near-destruction is, ironically, what allowed it to thrive.

GME Nasdaq price currently sits at $213.25, which is also the case with the New York Stock Exchange. That comes after the price recently breached a resistance at $200, after spending months trying to do it.

But, the surge that led it here started back in January of this year, after institutional traders tried shorting it, causing the Redditors to rally and boost it up. No GME stock forecast could have predicted that the price will skyrocket from $19 on January 11th, 2021 to $347 on January 27th — only 16 days later. However, that is exactly what happened during the GameStop short squeeze, and while the price crashed back down to $46 by February 22nd, it soon returned to $265, and then it dropped below the $200 mark.

It spent several months trying to breach this level, finally doing it in late May, and even managing to hit $300 in early June. However, it soon dropped back below $200, and it stuck close to this resistance, trying to breach it ever since. As for where it will go from here, we will talk about it more in the GameStop stock forecast 2022 section in a bit.

GameStop Fundamentals

Next, when researching stocks and their companies, you might want to pay special attention to the company’s fundamentals. Fundamentals are important as the fundamental analysis lets you know how the market feels about the stock, instead of simply learning its importance. Fundamental analysis can also include anything, from the firm’s earnings to important events, incidents, and alike.

First and foremost, GameStop offers games, entertainment products, and technology — all three of which are in massive demand these days, which is already a positive thing for the company. The firm managed to generate net sales of $1.18 billion in Q2 2021, which is already significantly higher compared to $942 million in Q2 2020. By the end of the quarter, it generated $1.78 billion, with no long-term debt apart from a $47.5 million low-interest loan associated with the French government’s pandemic response.

Meanwhile, it was investing in a number of long-term growth initiatives that expanded its product catalogue, adding talent throughout the organization, and more. In other words, the company made a lot of money and used it wisely.

GameStop Dividends

Unfortunately for those who were looking to invest in a stock that pays dividends, GameStop does not pay a dividend. At least, it did not in the last few years, with the last dividend payment recorded in March 2019.

GameStop ESG Breakdown

ESG rating is another thing that investors tend to research when looking into companies and their stocks, and as such, it is worth keeping an eye on. When it comes to GameStop, it is not doing too bad in this regard. The company has certainly developed quite a dedicated community, as seen by their reaction during the short squeeze, and it has been working on environmental goals as well. It is slightly below average in terms of governance, although not too much, so all in all, there are a few issues in this regard.

GME Stock Forecast

Next, let’s discuss the GameStop stock forecast for 2022. GameStop forecast has been a popular topic in stock investing ever since the short squeeze, although analysts who looked into the company do not seem to be particularly optimistic about the future.

According to 4 analysts offering a 12-month GME stock forecast, GameStop’s median target is only at $37. This is much lower than the stock’s current price, indicating that a drop might be coming it's way. Especially since the GameStop forecast predicted $20 as the share’s low estimate, while the high estimate is $190, which is already way below the current price of the stock.

In other words, GameStop forecast is not too optimistic for 2022. However, it is also worth remembering that there is no definitive GameStop forecast that is the absolute truth. This is simply what analysts are expecting to see. And, given that only 4 have provided their thoughts on the matter, it is still highly possible that the stock will perform better than what these figures suggest.

What Happened with GameStop and Robinhood?

Earlier this year, the GME stock price was about to crash, and the business may have been destroyed because of institutional investors who shorted GME stock price, meaning that they were betting that it will start crashing, causing those who held it to start selling as well.

A group of Redditors called the WallStreetBets, consisting of retail investors who have a unique approach to investing, started massively buying GameStop Robinhood shares to combat institutional price manipulation, forcing the GME value up. They did it for a number of companies that institutions were shorting, but this particular short squeeze went down in history, bringing attention to GameStop, and causing many others to look into how to buy GameStop shares due to their skyrocketing price.

The incident was so big that GameStop Robinhood stock disappeared from the Robinhood trading app so that retail investors could not reach it, causing a lot of displeasure with the centralized app. People accused it of favoring institutional investors who were losing money, instead of its own retail users.

Meanwhile, cryptocurrency exchanges decided to tokenize GameStop shares and offer them on their platforms, until GameStop Robinhood returned.

Are GameStop Shares a Good Buy?

Finally, before we get to how to buy GameStop shares, let’s quickly discuss whether or not they are a good buy or not. Simply put, this is something that every investor has to decide on their own. We have seen that, throughout its history, GameStop has been rather unimpressive when it comes to its price performance.

In 2021, the price skyrocketed purely because the community of retail investors decided to put a stop to institutional price manipulation and destruction of popular companies that serve a lot of people just so that they, institutional investors, could earn a bit more money. Since then, GameStop’s community has been quite strong and quite watchful, and while its stock price did correct from its ATH, it most certainly did not sink back to its former bottom. It even broke through its largest resistance recently, indicating that it does have the potential to go further up.

Step 3: Open Account & Invest with eToro

Now that you know everything you need to know about GameStop in order to make a decision about whether or not to buy GameStop shares, let’s see how to buy GameStop shares in the first place. As mentioned, our research suggests that eToro is the best option for the job, which is why we will explain how to do it on this platform. If you want to trade GameStop CFDs, however, you would be better off going to Capital.com.

1. Create Your Account

The first thing to do is to go to eToro’s platform and create your account. You can make a new account from scratch with your email, or you can log in with your existing Facebook or Google account.

In doing so, you will essentially be skipping this first step, but you will still be obligated to take the next one, which is:

gamestop robinhood

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

2. Verify Your ID

gme value

The next step will be to verify your ID. This is necessary because eToro is regulatory compliant, which means that it follows the laws in all countries in which it operates. As such, it is required that you upload documentation, including your ID, driver’s license, or passport, that would prove your identity. Also, you will need to provide a bank statement as proof of address.

3. Deposit Funds

gamestop forecast

Next, the third step will be depositing money. This will be your initial investment, as you will need money to start investing in GameStop’s shares. The lowest amount that you can deposit to eToro is $50, which is quite affordable, and much lower than what most brokers around the world allow.

You can make a deposit by clicking the “Deposit Funds” button in the bottom-left corner of your dashboard on eToro. Simply select the amount you wish to deposit, select the payment methods, and add payment details. When you are done, hit Deposit again, and your funds will be on their way. Note that the time you will need to wait for the deposits to arrive depends on the method you choose.

4. Buy Shares!

Finally, it is time to get started with buying GameStop stocks. All you need to do at this point is use eToro’s search feature to find the GameStop shares. Once you locate it, you will see a Trade button, which you can click, and a new window will open, allowing you to enter details and start your trading.

why did gamestop stock go up

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

GameStop Shares Buy or Sell?

With the explanation of how to buy GameStop shares now out of the way, the question remains — should you buy or sell? Once again, this is something that everyone has to decide on their own. However, given everything we have seen and talked about previously, GameStop might be a bit risky, but it has the potential to be a good buy.

Conclusion

GameStop has attracted a lot of attention in 2021 as a stock investment opportunity, causing many to look into how to buy GameStop shares. Since then, the situation has calmed quite a bit, but the stock price managed to remain high, which is a good thing for the company. If you are interested in investing in it yourself, all you need to do is go to eToro and follow our guide from above, and you will be able to start buying GME shares in no time, yourself.

eToro - Overall Best Broker & Trading Platform to Buy GameStop Shares

should i buy gamestop stock

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

 

FAQs

What is GameStop?

GameStop is an American video game, gaming merchandise, and consumer electronics retailer. It is also the largest video game retailer in the world, with over 4,800 stores worldwide as of January 2021, 3,192 of which are in the US.

Who owns GameStop?

As a publicly-traded company, GameStop is owned by its shareholders, the largest of which is Fidelity Management at this time.

Where is GameStop based?

GameStop is based in the United States, in Grapevine, Texas.

How high will GME go?

While there are forecasts that are trying to predict it, there is no way of knowing that for sure, as the market is as unpredictable as ever.

Should I buy GameStop stock?

At this time, the GameStop stock managed to breach the resistance at $200, which indicates strength and opens up the possibility of further growth, so purchasing it now might lead to profits.

How do I buy GameStop shares?

The easiest way to buy GameStop shares is to purchase them on eToro, where they are available at zero commission.

About Ali Raza
About Ali Raza

Ali is an experienced writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profiled investment sites including CCN, Capital.com, BeInCrypto, Bitcoinist, and NewsBTC.

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