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It’s been well reported that millennials are snapping up Tesla rival NIO’s shares. So if you want to get involved, how do you buy NIO shares?
Here’s three brokers listed on the Good Broker Guide where you can buy NIO shares as either a stock, CFD or spread bet.
The below is a brief selection but you see more brokers and reviews here:
Buying NIO shares outright on Saxo
Saxo Capital Markets offer access to the USD denominated NIO shares on the NYSE through their excellent Saxo TraderGo platform. As you are buying outright, there is a minimum commission of under $10 and a custody fee of 0.12%pa or 5EUR per month. You’ll also have to consider the currency exposure and if you should be hedging.
Buying NIO shares as a spread bet with IG
IG are offering NIO shares as a spread bet. With spread betting, you can choose your base currency so trade and buy NIO shares in GBP to mitigate the currency risk. Min trade size is 24 pence per point. Margin is a healthy 25%.
Buying NIO shares as a CFD with ayondo
“With the recent IPO of electric car specialist, NIO Inc. the interest surrounding the company is extremely high. With Tesla usually dominating the headlines as the current market leader in the electric car market, NIO Inc. adds a degree of competition to the sector and a whole host of trading opportunities.
The company is headquartered in Shanghai, China and has around 4000 employees – it began its existence in 2014 and in just over 4 years has grown hugely culminating in its $10 billion listing on the NYSE. As you would imagine the IPO increased interest in the company hugely and from a listing price of $6.26 just a couple of days ago, at one point, in frenzied trading, the shares had risen with over a 110% gain, now having settled down to trade just below $9.”
At ayondo, you can now go long on NIO!
Or if you fancy more information on stocks in the emerging markets – read our guide: How to invest in emerging markets by Jackson Wong PhD.
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Richard started the Good Broker Guide in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously acting as multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.