How to Buy Amazon Stock in Kenya
How to Buy Amazon Stock in Kenya revealed. We tested and verified the best way to buy Amazon Stock in Kenya.
This is a complete guide on how to buy Amazon stock in Kenya.
In this in-depth guide you’ll learn:
- What is Amazon stock?
- How to buy Amazon stock in Kenya?
- How to buy Amazon stock for beginner traders?
- Which broker can you use to buy Amazon stock?
- Which broker offers a signup bonus to first-time traders?
- Which brokers offer a $5 (583 KES) minimum deposit for investing in Amazon stock?
- How many Amazon stocks should you buy?
And lots more…
So if you’re ready to go “all in” with the Amazon stock for Kenyans…
Let’s dive right in…
What is Amazon Stock?
👉 Amazon American global technology firm that is headquartered in Seattle and is one of the most valuable brands in the world. Amazon has been rated as one of the most significant economic and cultural forces in the globe and offers a variety of services including e-commerce and cloud computing.
Step by Step how to buy Amazon Shares in Kenya
Step 1: Pick a reputable stockbroker in Kenya
👉 In 2023, if you want to buy shares of Amazon in Kenya, you should evaluate a broker who, ideally, excels in a number of different criteria. When opening and closing a trade, the commissions that a competent broker charges are minimal or non-existent, and the spreads they offer are competitive.
👉 Dealing with a regulated broker is the safest way to avoid conducting business with unsavoury persons. Therefore, if a broker claims that they are regulated, you should investigate them further before working with them.
👉 It is always a benefit if a broker offers a decent set of free e-learning materials, and if you are a rookie trader, this is something you should look for.
👉 Make it a priority to participate in any and all forums, webinars, and other free educational opportunities that a broker offers. It will assist you in getting your ability to trade up and running.
Step 2: Open an account with your chosen stockbroker
👉 The process of opening an account will need to be finished after you have selected the Broker who, in your opinion, offers the finest alternative available to you at this time.
👉 First things first, make sure you remember to confirm that the Broker does indeed open accounts for customers located in Kenya. Only a few of them do. After you have completed that step, the process of making an account will be very similar to opening an account using the apps on your phone.
Step 3: Make a deposit into your stock trading account
👉 After you have finished setting up your trading account, the next step is to deposit some initial capital into the account. The minimum amount required is typically between one hundred and two hundred dollars, or its equivalent in euros, Australian dollars, or British pounds.
👉 In most cases, the process of adding funds is immediate, and you will have access to your capital as soon as you give authorization for the operation (excepting a bank transfer, which could take up to 3 business days).
👉 The funding of your account can be accomplished through the use of a credit card, a debit card, a bank transfer, PayPal, or even Skrill or Neteller. However, you should be informed that the Broker may charge you additional costs if you choose to pay with certain ways of payment.
Step 4: Make your first purchase of Amazon stock
👉 You are very close to being able to hold Amazon shares after completing this final step.
👉 To accomplish this, navigate to the search box on the Broker’s website, type in Amazon (or its trade symbol, AMZN), and then choose it.
👉 In most cases, a little box referred to as the trade order box will show up, and you will need to fill it out with the pertinent information.
👉 Included in this is the total amount of Amazon Shares that you want to purchase. The amount of money that you have in your trading account will determine the maximum number of shares that you can purchase.
👉 If you would want the current price to go down a little bit before you make your purchase, you will need to state the price at which you would like to execute the buy order.
👉 You also have the option of placing a “Market Order,” which would cause the buy transaction to be carried out at the price that is prevailing in the market at the time.
👉 In the final step, you must finish the deal by clicking the “Execute Trade” or “Buy” button, depending on the message that is displayed in the order box.
Step 5: Review your Amazon stock purchase
👉 After the deal is finished, it is time to begin monitoring it on a regular basis. Maintain a level of awareness regarding the latest happenings at Amazon as well as the movements of the pricing.
Overview of Amazon stock for traders in Kenya
👉 Amazon is not only the most successful online store but also a giant in the field of cloud computing in the United States. In the year 1994, Jeff Bezos established the corporation.
👉 Amazon began as an online bookstore, but it has now broadened its product selection to include anything from outdoor furniture to janitorial supplies, in addition to providing customer service, inventory management, and shipping services.
👉 Alongside digital downloads, customers can also purchase downloadable video games, music, and other media.
👉 Amazon Web Services (AWS), which is one of the company’s subsidiaries, is a multibillion-dollar cloud computing service provider for a wide variety of customers, including government agencies and institutions.
👉 This is just one example of Amazon’s rising footprint in consumer goods; at CES 2017, the company’s Alexa AI assistant service was integrated into everything from LG refrigerators to Ford autos.
👉 In a move that was completely unexpected, Amazon has made significant investments in traditional brick-and-mortar stores. It opened its first store in Seattle at the end of 2015 and has since rapidly expanded to open 13 more locations across the city.
👉 Amazon completed its acquisition of Whole Foods in 2017, and in early 2018, the doors to the online retailer’s headquarters in Seattle were opened to the general public.
Pros and Cons of buying Amazon shares
👉 Despite the fact that Amazon has shown it can successfully use portfolio diversity as part of its long-term growth strategy, which is a positive sign for growth investors, there are still a number of reasons why investing in the stock is not ideal. Both are taken into account here.
Pros of buying Amazon shares in 2023
👉 Amazon has demonstrated to investors in Kenya that it is best suited as a long-term investment rather than a short-term one.
👉 Despite the fact that there is now a lack of clarity, the huge company based in Seattle has already proved its superiority in other areas and is in a strong position to dominate the e-commerce industry in the coming years.
👉 At this point in time, internet retailing is not even close to being Amazon’s core priority. In 2021, the cloud business of Amazon was responsible for generating 75% of the company’s total operating income.
👉 Over the course of the previous few quarters, the division has shown a growth rate in the double digits (and is expected to keep up that pace). In addition, the expansion of the company is not dependent on any of the macroeconomic conditions.
👉 Amazon looks willing to join any market segment in which the company believes it can get a competitive advantage over its existing rivals.
👉 It is no need to look any further than Amazon’s continual efforts to expand its flywheel of offerings in order to provide evidence of this point.
👉 The company has all the makings of a significant player in the advertising industry. It offers one of the broadest and most comprehensive streaming services currently available.
👉 A variety of secondary businesses, including gaming, logistics, streaming platforms, and consumer electronics, as well as investments in venture capital, are also available.
👉 The stock of Amazon represents an outstanding value. It is clear to observe that the P/E multiple for the company during the past five years has remained significantly lower than its long-term average.
👉 In addition, top-tier analysts are of the opinion that the market is giving too little value to the company’s shares.
👉 There are currently 29 analysts from TipRanks who watch Amazon stock, and all of them recommend purchasing the stock at an average price of $4,200. This indicates that there is the possibility for an upside of 27 percent.
Cons of buying Amazon shares in 2023
👉 The oil output that constitutes one-third of the world’s total is managed by Saudi Arabia. Because of COVID, the amount of oil that was consumed on a global scale fell.
👉 OPEC, which stands for the Organization of Petroleum Exporting Countries, decided to take action as a direct result of the decline in oil production.
👉 As a direct consequence of this, it is possible that Amazon’s operating costs for its many e-commerce operations may increase dramatically.
👉 This is especially true when we take into consideration the fact that Amazon’s “Last-Mile Delivery,” the most expensive aspect of its e-commerce business, is highly dependent on gas-powered cars in order to carry things to customers.
👉 The macroeconomic situation following COVID is not favorable for online shopping and business. Particularly for the United States, inflation continues to be a significant challenge.
Should traders in Kenya invest in Amazon stocks in 2023?
👉 When seen from a broader context, Amazon’s current situation is not favorable. There has been an uptick in inflation, and despite the Federal Reserve’s efforts to raise interest rates, opinions among industry professionals regarding the amount of time necessary to bring about consumer price stability are mixed.
👉 The reason for this is that not only are prices increasing because of stimulus measures taken during the pandemic era, but also because of a combination of extremely strong demand and a lack of supply.
👉 Having said that, it is essential to keep in mind that the e-commerce industry is still growing; it is projected that sales made via the internet in the United States will increase by 15.3 percent in 2023. Amazon is still the most dominant player in the industry, holding a market share of 40 percent.
👉 As the Seattle-based corporation continues to capture growth in online shopping and as its cloud-computing division, AWS, compensates for losses, it is possible that Amazon will emerge as the e-commerce operator that is in the best position.
👉 Amazon is still a very important and successful business today. It has a large and expanding presence in many other areas, such as video streaming and advertising, and it is the undisputed leader in the online shopping arena in the United States as well as in the cloud industry.
👉 And the present decline could make this the ideal opportunity to make a purchase. In the past, Amazon has achieved its most significant gains after the market had corrections of more than 15 percent and more than 30 percent.
👉 The results of the first quarter caused investors on Wall Street to reevaluate their optimistic position toward Amazon’s stock. Nevertheless, the vast majority of industry analysts have maintained their “buy” rating, with an average price target of approximately $3,700, which indicates a 60% upside potential.
👉 Having said that, Amazon is in a precarious position, and the price of its stock may fall significantly further before it begins to recover.
👉 Investing in equity carries a level of risk. Investors need to be aware that a better return on investment almost always comes with a higher level of risk. Before investing any money in AMZN or any other stock, traders in Kenya should first determine how much risk they are willing to take.
Best Brokers for Buying Amazon Shares in Kenya
👉 When it comes to buying Amazon stock in Kenya, Pepperstone is generally regarded as a broker with a low level of risk and can be summed up as a trustworthy and dependable agency execution broker.
👉 When purchasing Amazon stock, Pepperstone guarantees rapid trading speeds, starting at only a few milliseconds, without compromising on spread or security. In terms of the number of people that utilize its services, Pepperstone has more than 8,000 registered customers in the UK.
👉 Tickmill is generally regarded as a broker with a low level of risk, and it is possible to summarize its status as a trustworthy and dependable ECN broker for purchasing Amazon stock in Kenya.
👉 When it comes to spreading and safety, Tickmill ensures that buying Amazon stock in Kenya would just take a few milliseconds for trading to take place. Tickmill has around 38 000 registered clients in the UK, which translates to users of the platform.
👉 When it comes to buying Amazon stock in Kenya, XM is often regarded as a broker with a low level of risk and can be summed up as a trustworthy and dependable market-making broker.
👉 When it comes to spreading and safety, XM assures quick trading speeds beginning at only a few milliseconds for customers purchasing Amazon stock in Kenya.
👉 XM has more than 5 million registered members all around the world, making it one of the most popular music streaming services available.
👉 When it comes to the purchase of Amazon stock in Kenya, FXTM is often regarded as a broker with a low level of risk and can be summed up as a trustworthy and dependable ECN broker.
👉 When it comes to spreading and safety, FXTM assures quick trading speeds beginning at only a few milliseconds for customers who are purchasing Amazon stock in Kenya. FXTM has over 4 million registered clients all around the world, making it one of the most popular forex trading platforms.
👉 When it comes to buying Amazon stock in Kenya, Exness is widely regarded as a broker with a low level of risk and can be summed up as a trustworthy and dependable market-making broker.
👉 When it comes to spreading and safety, Exness assures rapid trading speeds beginning at only a few milliseconds for customers in Kenya who are interested in purchasing Amazon stock. Exness has more than 204 000 registered customers in the United Kingdom at the present time.
|🥇 Exness||🥇 FXTM||🥇 XM||🥇 Tickmill||🥇 Pepperstone|
|⚖️ Regulation||FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA||CySEC, FSCA, FCA, FSC Mauritius||FSCA, IFSC, ASIC, CySEC, DFSA||FSA, FCA, CySEC, Labuan FSA, FSCA||ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB|
|📱 Trading Platform||MetaTrader 4|
|MetaTrader 4, MetaTrader 5, FXTM Trader||MetaTrader 4, MetaTrader 5, XM Mobile App||MetaTrader 4, MetaTrader 5||• MetaTrader 4,
• MetaTrader 5,
|💰 Withdrawal Fee||No||Yes||No||No||No|
|📊 Demo Account||Yes||Yes||Yes||Yes||Yes|
|📈 Minimum Deposit||4,100 KES||1,100 KES||570 KES||11,400 KES||16,000 KES|
|📊 Spread||From 0.0 pips EUR/USD||From 0.0 pips||From 0.0 pips||From 0.0 pips||From 0.0 pips|
|💰 Commissions||$3.5 on Zero Account||Yes, variable||USD7/100 000||2 per side per 100,000 traded||USD 0.04 (USD 0.08 round turn)|
|🛑 Margin Call/Stop-Out||None||40%||50%||100%/30%||50%/0%|
|✴️ Order Execution||None||Market||Instant||Instant||Instant|
|💳 No-Deposit Bonus||No||Yes||Yes||Yes||No|
|📊 Cent Accounts||Yes||Yes||Yes||No||No|
|📈 Account Types||• Standard Account, Standard Cent Account,|
• Raw Spread Account,
• Zero Account, Pro Account
|• Micro Account,|
• Advantage Plus Account
|• Micro Standard Account|
• XM Ultra-Low Account
• Shares Account
|• Pro Account, Classic Account,|
• VIP Account
|• Standard Account
• Razor Account,
• Professional Account
|⚖️ CBN Regulation||No||No||No||No||Yes|
|💳 KES Deposits||Yes||Yes||Yes||No||Yes|
|📊 Kenyan Shilling Account||Yes||Yes||No||No||No|
|👥 Customer Service Hours||24/7||24/5||24/5||24/5||24/7|
|📊 Retail Investor Accounts||5||2||4||1||2|
|☪️ Islamic Account||Yes||Yes||Yes||Yes||Yes|
Best Mobile Apps to buy US Stocks in Kenya
👉 Whatever your investment strategy, level of experience, or financial goals may be, the stock market in the United States is one of the most alluring places for you to put your money.
👉 It used to be quite challenging to obtain and invest in United States securities if you were a citizen of Kenya or of another country that was not the United States.
👉 As a result of the development and improvement of technology, traders in Kenya are now able to participate in the stock market of the United States by utilizing their smartphones, tablets, iPads, or personal computers.
👉 AvaTrade is widely considered one of the most trustworthy brokers in the market when it comes to trading foreign exchange (FX) and contracts for difference (CFD). The primary objective of the platform is to provide users with a trading environment that is unbroken and quick to react.
👉 AvaTradeGO gives Kenyan traders access to a wide range of trading tools and resources, such as software for position management and charting capabilities, amongst other things.
👉 The application gives users access to market trend technology, sociological trends, fundamental and technical research, and more in order to assist traders in making better-educated decisions on their investments.
👉 Exness also offers a mobile version of its services through a specialized app that it has developed in-house.
👉 In spite of this, the broker does provide two different trading platforms, namely MT4, which is the most widely used trading platform in the world, and MT5, which is the most recent iteration of the standard used in the business.
👉 TradingView, one of the most popular third-party trading tools available on the market, is fully integrated into the app. In addition to offering analytical insight and immediate pattern recognition, TradingView also provides rapid pattern recognition.
👉 Pepperstone offers a user-friendly market access platform so that clients can concentrate on the challenging business of trading instead.
👉 Pepperstone is an excellent alternative for traders since it provides a large variety of low-cost options, a selection of user interfaces, a number of different account types, and effective customer care.
👉 Every type of investor will benefit from a more satisfying experience while trading thanks to enhancements such as a reimagined look and feel, trading with just one click, and complete integration across desktop and mobile platforms.
The Best Stock Brokers in Kenya
👉 This article includes a list of the top Forex brokers in Kenya that are able to facilitate stock trading for Kenyan traders. We have further determined which forex brokers provide additional services and solutions to traders, and we have listed them below.
Best stock trading MetaTrader4/MT4 Forex Broker in Kenya
👉 Overall, Forex.com is the best stock trading MT4 Forex broker. Forex.com is well-regulated around the world and offers clear pricing on all of its assets which are offered on comprehensive trading platforms.
Best stock trading MetaTrader 5 / MT5 Forex Broker in Kenya
👉 Overall, Exness is the best stock trading MetaTrader 5 / MT5 Forex Broker. Exness is touted by numerous sources as offering some of the tightest spreads in the industry along with a great selection of asset classes.
Best stock trading Forex Broker for beginners in Kenya
👉 Overall, Pepperstone is the best stock trading Forex broker for beginners. Pepperstone offers an excellent stock trading app along with excellent educational support for beginner traders in Kenya.
Best stock trading Minimum Deposit Forex Broker in Kenya
👉 Overall, HF Markets is the best stock trading minimum deposit forex broker. HF Markets offers a comprehensive selection of account types which has attracted the support of more than 2.5 million traders globally.
Best stock trading ECN Forex Broker in Kenya
👉 Overall, FP Markets is the best stock trading ECN Forex Broker. FP Markets provides commission-free trading conditions with access to raw spreads as well as a DMA access to a number of different share CFDs.
Best stock trading Islamic / Swap-Free Forex Broker in Kenya
👉 Overall, BDSwiss is the best stock trading Islamic Forex Broker. BDSwiss is a good choice for advanced traders in Kenya due to the advanced features which the broker offers on a comprehensive trading platform.
Best stock trading Forex Trading App in Kenya
👉 Overall, AMarkets has the best stock trading forex trading app. The stock trading app offered by AMarkets is delivered in a well-regulated trading environment and there are numerous stocks available to trade.
Best stock trading Lowest Spread Forex Broker in Kenya
👉 Overall, Alpari is the best stock trading forex broker with the lowest spread. Alpari offers traders in Kenya access to both MT4 and MT5 and offers some of the highest execution speeds in the industry.
Best stock trading Kenyan Shelling Trading Account Forex Broker in Kenya
👉 Overall, FXPesa is the best stock trading Kenyan Shelling Trading Account Forex Broker in Kenya. FXPesa is a CMA-regulated Kenyan broker that allows for swift deposits and withdrawals in local Kenyan currency.
Best stock trading Nasdaq 100 Forex Broker in Kenya
👉 Overall, AvaTrade is the best stock trading Nasdaq 100 forex broker. AvaTrade also offers an award-winning trading app alongside excellent international regulation.
Best stock trading Volatility 75 / VIX 75 Forex Broker in Kenya
👉 Overall, Plus 500 is the best stock trading Volatility 75 / VIX 75 Forex Broker. Plus500 offers an excellent proprietary trading app. Plus500 is well-regulated in multiple tier-1 jurisdictions.
Best stock trading NDD Forex Broker in Kenya
👉 Overall, XTB is the best stock trading NDD forex broker XTB has branches in more than 10 countries and is used by over 140,000 clients worldwide. XTB provides Kenyan traders with excellent customer support alongside a strong trading app.
Best stock trading STP Forex Broker in Kenya
👉 Overall, XM is the best stock trading STP platform for traders in Kenya. XM is a reputable international Forex broker that has over 5 million traders. XM offers access to numerous asset classes.
Best stock trading Sign Up Bonus Broker in Kenya
👉 Overall, Tickmill is the best stock trading sign-up bonus broker. Tickmill is well-regulated and offers clear and transparent pricing and is a good option for traders seeking a user-friendly trading interface.
What is the minimum investment in Amazon in Kenya?
You can start trading Amazon stock for as little as 7000 KES and increase your investment amount with experience in order to enjoy higher returns
Can I buy Amazon stock in Kenya?
Yes, Amazon stock can be bought by stocktraders in Kenya through reliable online stockbrokers.
Who owns the biggest shares of Amazon?
The founder of Amazon is the biggest shareholder, holding 55.5 million shares representing 11.1% of outstanding shares. The founder of Amazon is Jeff Bezos.
Does Amazon pay a dividend?
Amazon does not pay a dividend. However, up until this point, Amazon shareholders have enjoyed healthy returns on their stock purchase.
How do I buy shares in Kenya?
To buy shares in Kenya, traders should take the following steps:
- Choose a reputable broker
- Open a trading account
- Deposit into your trading account
- Purchase your first Amazon stock
- Review the performance of your Amazon stock
👉 No matter how diligently we strive to maintain accuracy, all financial markets feature a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.