How To Trade Apple Stock In Saudi Arabia
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Roshan Amiri
- . September 10, 2023
- . Update: September 11, 2023 12:58 pm
If you are interested in getting your hands on shares of one of the most successful companies ever, here is a brief guide on how to complete the purchase, alongside the associated pros and cons of investing in Apple. Read on.
Buying Apple Stock In Saudi Arabia
Let’s describe each one of the four simple steps.
1. Choose A Broker
Be on the lookout for prominent and safe investment apps for non-US citizens. To purchase Apple shares from Saudi Arabia, consider a broker that charges low or null commissions when opening and closing a trade and is regulated by a credible government agency.
In addition, the broker you select must have a simple registration process. However, do not trust an entity with no registration process at all. It’s always a plus if the broker also offers a good set of free e-learning materials as they could help you get your trading knowledge up and running.
Pick out a broker that offers multiple stocks trading in different stock exchanges. The bigger the offering, the more number of different alternatives you get as you may start with apple shares but want to diversify later.
2. Open Your Brokerage Account
Once you have settled on a broker, create an account. But remember, the entity must open accounts to clients in Saudi Arabia as a few don’t. The further processes will be simple and straight forward and will be completed on the same day in most instances.
3. Deposit Money
After you trading account is ready, deposit funds into the same using credit card, debit card, bank transfer, PayPal or other alternatives. This deposit will provide you with the liquidity in the account to purchase the equivalent in Apple shares.
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4. Complete Purchase
You are now just a step away from owning Apple shares. Go to the broker’s search engine and type in Apple or AAPL. A small box will appear where you must fill the number of shares you wish to buy and the price at which you want to execute the purchase order.
Alternatively, you can also execute the transaction at the current market price through the ‘Market Order’ option. Complete the trade and you are all good to go. Now, let’s understand the advantages of investing in the extraordinarily successful company.
Pros And Cons Of Buying Apple Shares
Advantages
1. Industry-leading organisation
2. Promising customer loyalty
3. Incredible future projects
Drawbacks
1. Big rivalry with the Chinese market
2. Growth of competitors (Xiaomi, Huawei)
Keywords: Buying Apple Stock In Saudi Arabia, Apple Shares, NASDAQ
