Palantir is an American software company that specialises in big data analytics and has been a very popular stock in the last few years.
In this guide, we discuss the process that you need to follow in order to invest in Palantir stock. We also review a variety of brokers that allow you to invest in Palantir stock.
In This Guide
If you only wish for us to provide quick instructions on how to invest in Palantir stocks, then we show you how to do so in the steps below.
Below, you will find the detailed process that you need to follow in order to invest in Palantir stocks.
The first thing to do, even before you start analysing Palantir as a company and an investment, is to decide what broker you wish to use in order to trade.
In the sections below, we have reviews some of the popular brokerages that allow users to invest in Palantir stocks.
eToro is a social trading platform that has quickly become one of the leading trading platforms and brokers in the world, with more than 26 million traders. It was launched in 2006 and is a very highly regulated broker, regulated by agencies such as the FCA, CFTC, and the CySEC. It also has some of the most competitive fees of any platform in the same league and allows commission-free trading. Their spreads are also quite low when compared to their closest competitors.
eToro also offers a very wide variety of products to choose from. Through eToro, traders can access over 2400 different markets across asset classes including cryptocurrencies, commodities, stocks, indices, and ETFs. eToro enables you to purchase hundreds of stocks, including Palantir, 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.
eToro’s interface is designed in a very intuitive manner, making it extremely easy to navigate. They also offer a demo account that users can use in order to get familiar with the platform.
eToro also boasts a social trading feature, which gives users with a different way of trading. Firstly, the platform has a news feed option, through which you can get informed about the latest happenings with individual companies, commodities, as well as macroeconomic events in general. In addition to this, they also have social feeds, where you can see what other traders are saying about a particular trading instrument. This is a useful tool to try and understand market sentiments about an instrument. Lastly, it also allows you to copy trade, which is basically copying other more experienced traders to take advantage of their expertise. There are thousands of traders that you can choose from and copy on eToro, and you can sort through them on the basis of their asset class as well as the gains they’ve had over the past few months.
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Another popular is Capital.com. It provides access to stock, cryptocurrencies, commodities, and forex CFDs through exposure to 15 international markets and access to a wide range of financial instruments. One of the drawbacks of Capital.com is that you cannot invest in traditional stocks through Capital.com, you are only allowed to own CFDs.
This means that you will not own Palantir stocks, and instead will only be betting on the direction in which these stocks will move. However, users can apply leverage on their trades with Capital.com. This way, you can increase the value of your shares, without having to invest extra capital into the trading account.
Capital.com operates on a commission-free basis, and also offers some of the lowest spreads in the industry. For example, you can trade Palantir with spreads as low as 0.09 pips. Their web-based platform also allows you to use a variety of technical indicators to assist with your analysis of Palantir stock prices, such as the use of Bollinger Bands or the MACD. For example, you can set up PLTR analysis and fundamental data as a dominant part of your feed. Capital.com offers real-time market updates and several chart formats, compatible with Windows and Apple operating systems, as well as iOS and Android mobile devices.
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Libertex is a popular broker which is known for charging extremely tight spreads. At the same time, however, the platform does charge commissions on every trade you make, though these are limited to just 0.1% per slide. The platform has an app that is available for both Android and iOS, that you can use in order to monitor your positions on the move and also to trade and keep up with the markets.
In addition to stocks, Libertex also allows you to trade a wide variety of markets including commodities, indices, crypto assets, and forex pairs. The platform offers leverage of up to 30x for CFDs in retail accounts, however, if you meet the criteria to qualify for a professional account, you can trade with leverage of up to 1000x. To be eligible for this, you have to prove that you are an experienced trader. You can do this through a questionnaire that they have. Libertex is also compatible with the MT4 trading platform, which allows you to carry out advanced technical analysis and set up trading bots for a variety of instruments.
However, just like Capital.com, Libertex only allows you to trade on CFDs and not the underlying asset. The minimum deposit required to get started is $100, although Libertex also offers a demo account. You can meet the minimum deposit with a debit/credit card, bank wire, and a selection of e-wallets.
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Lastly, another popular trading platform that can be used for your trading requirements is AvaTrade, which is a CFD trading platform that allows you to trade stocks, commodities, forex, digital currencies, bonds, futures, options, indices, ETFs, and more. It offers one of the fastest account opening processes among all the brokers and provides you with an option of several trading platforms that you can choose from. These include the MT4 trading platform, the MT5 trading platform, ZuluTrade, and other similar platforms that cater to specific asset classes or experience levels. On the other hand, AvaTradeGO is the mobile app designed by the platform itself and is particularly popular with newbies.
When it comes to the fundamentals, AvaTrade allows you to enter and exit positions on a commission-free basis. Spreads are very competitive, especially when trading major FX pairs. You will need to meet a minimum deposit of $100 to get started – and supported payment types include debit/credits and bank transfers. Depending on your location, you might also be able to deposit with an e-wallet. Finally, AvaTrade is regulated in six different jurisdictions.
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Once you have selected a broker that you wish to use in order to trade, the next step is to research the stock you wish to invest in, which in this case is Palantir.
All the information that you need to know about Palantir before you decide to invest in the company has been given below.
Palantir is an American software company that specialises in big data analytics. They build platforms for integrating, managing, and securing data on top of which we layer applications for fully interactive human-driven, machine-assisted analysis. The company was founded in 2003 by a variety of investors and entrepreneurs including Peter Thiel, who has also founded PayPal in the past.
The company is known for three projects in particular: Palantir Gotham, Palantir Metropolis, and Palantir Foundry. Palantir Gotham is used by counter-terrorism analysts at offices in the United States Intelligence Community and the United States Department of Defense. Gotham was also used by cyber analysts at Information Warfare Monitor, a Canadian public-private venture which operated from 2003 to 2012. Palantir Metropolis is used by hedge funds, banks, and financial services firms. Palantir Foundry is used by corporate clients such as Morgan Stanley, Merck KGaA, Airbus, and Fiat Chrysler Automobiles NV.
Palantir’s original clients were federal agencies of the USIC. It has since expanded its customer base to serve state and local governments, as well as private companies in the financial and healthcare industries.
The dividends that a company pays are another metric that you should look at when considering whether or not it is a good investment. Dividends have both advantages and disadvantages. Since they are a part of the profits that the company has gotten, this means that companies that pay out dividends have less money to invest in future capital projects compared to companies that do not pay dividends and instead retain their earnings. On the other hand, if you are invested in a company that pays dividends, then you have an additional source of return on your investment alongside the capital appreciation in the share price of the company.
In any case, as mentioned earlier, dividends are a part of the profits of the company that it chooses to return to its shareholders. Since PLTR does not have any profits, it has not paid any dividends to its shareholders to date.
Now that you know everything you need to know about Palantir stock, you can analyse the information and make a decision on whether or not you wish to invest in the industry.
Should you choose to do so, you may want to pick a suitable brokerage that will cater to your investing needs. In the sections below, we will show you how to begin trading with the chosen broker of your choice.
Head over to the homepage of your chosen broker and begin the account set-up process. You will be required to fill in your personal details – including your full name, email address and mobile number. Create a username and password for the platform to continue.
Most popular brokers are regulated – which is why users may be required to verify their accounts. To do this, simply upload proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill). Once these documents have been uploaded, your broker should verify them in a couple of minutes.
The next step is to deposit funds into your trading account. Most brokers may support 1 or more of the following payment methods:
Choose your preferred payment option and deposit the funds into your account.
Once your account has been funded, proceed to search for Palantir stock by searching on your platform’s search bar. Fill in the amount you want to credit into the trade, and confirm your transaction.
In this guide, we have reviewed Palantir stock as well as some basics of the company profile. Users can use this information to properly analyse the stock and make a decision on whether or not to invest in Palantir stock.
Palantir is a technology company based in the US that specialises in big data analytics.
Yes, most offshore and overseas brokers also provide access to the US markets, thereby enabling you to invest stocks listed on the NYSE and NASDAQ, including Palantir.
I'm a second year Accounting and Finance student at the University of Warwick, in addition to being an incoming Trading Analyst at Morgan Stanley. I'm passionate about the financial markets and all things finance.
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