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 are some brokers and types of account listed on the Good Money Guide where you can invest in NIO shares as either a stock, CFD or spread bet.
- Hargreaves Lansdown – buy NIO physical shares (ADRs)
- Saxo Capital Markets – buy NIO shares for trading
- IG – buy NIO shares on a spread bet
- Ayondo – buy NIO shares as a CFD
Hargreaves Lansdown is one of the biggest and oldest stockbrokers in the UK. There isn’t much you can’t buy through them. You can buy, trade and invest in most things from IPOs, small caps, funds and get advice on wealth management. They also have an excellent market data centre where you can read research on stocks and view broker recommendations. You can read our interview with their CEO here, or find out more about Hargreaves Lansdown on their review page here.
Here is how to buy shares.
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.
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%.
Here’s what ayondo Chief Trader Jordan Hiscott has to say about NIO:
“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.
Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a 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.