To buy shares in Splunk you need an FCA-regulated stock broker that provides access to US stocks. You can use our comparison of UK-based share dealing platforms that offer access to international markets and see what they charge for buying and selling US stocks, plus what the foreign exchange conversion costs are for converting GBP into USD. This guide will explain how to buy Splunk shares, if they are a good investment and what to watch out for.
- Open an account with a share dealing platform that lets you invest in US stocks
- Decide how much you want to buy and deposit funds into your account
- As Splunk is a US stock and traded in USD you need to convert your GBP to USD. You can either do this before trading or the share dealing platform will do it automatically for you.
- In your share dealing platform type in Splunk’s NASDAQ stock symbol (SPLK) and click “buy”. You can be given the option to buy at the currency price (market order) or set a maximin price at which you want to buy at (limit order).
🤔Note: Splunk is traded in USD
When you buy Splunk shares you will have to convert money in to USD. So choose a broker with low foreign exchange fees like Interactive Brokers or IG. eToro is another good option for US stocks like Splunk as they only offer accounts in USD and charge when you deposit and withdraw funds (no ISA accounts though).
At the moment there is a lot of talk around AI stocks and how to invest in artificial intelligence so the Splunk share price will be drive by sentiment and demand as well as value. This means that when interest wains, the share price may fall as there will be fewers buyers than sellers.
- Interactive Brokers offers the cheapest FX rates for buying Splunk shares
- Hargreaves Lansdown provides an excellent service if Splunk is only going to be a small part of your portfolio.
- Dodl offers a very low account, dealing and fx cost for new and small investors.
- IG offers free US share dealing if you trade a certain amount each month.