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How to Buy Apple Stock in Kenya
How to Buy Apple Stock in Kenya revealed. We tested and verified the best way to buy Apple Stock in Kenya.
This is a complete guide on how to buy Apple stock in Kenya.
In this in-depth guide you’ll learn:
- What is Apple stock?
- How to buy Apple stock in Kenya?
- How to buy Apple stock for beginner traders?
- Which broker can you use to buy Apple stock?
- Which broker offers a signup bonus to first-time traders?
- Which brokers offer a $5 (583 KES) minimum deposit for investing in Apple stock?
- How many Apple stocks should you buy?
And lots more…
So if you’re ready to go “all in” with the Apple share for Kenyans…
Let’s dive right in…
- Louis Schoeman
How to Buy Apple Stock in Kenya (Updated 2023)
- Search for a regulated online stockbroker
- Sign up for a livestock trading account
- Set up a personal investment budget for Apple stocks
- Research the AAPL stock performance to date
- Make a deposit into your stock trading account with your chosen broker
- Purchase your first Apple stock
- Check the performance of your Apple stock after having made your purchase
What is Apple Stock?
👉 Apple Inc. is a multinational technology company based in America that provides a broad range of technology services including consumer electronics and software services. Apple Inc. in 1976 by Steve Jobs and today the company has a net income of US$94.68 billion annually.
Step by Step how to buy Apple Stock in Kenya
Step 1: Search for a regulated online stockbroker
👉 If you want to buy Apple stock in Kenya in 2023, you should look for a broker who specializes in a variety of areas.
👉 In order to open and close a trade, a competent broker charges low or no commissions and offers competitive spreads.
👉 You can avoid doing business with sketchy characters by working with a licensed broker. Before engaging in any business with a broker that purports to be regulated, you should conduct further research.
👉 If you are a new trader, you should look for a broker that provides a comprehensive library of free e-learning resources.
👉 Take advantage of the broker’s free educational opportunities by participating in forums, webinars, and other forums. Your ability to trade will improve as a result.
Step 2: Sign up for a livestock trading account
👉 Once you’ve decided on a Broker, the process of opening an account will need to be completed.
👉 It is important to check first that the Broker does actually accept Kenyan clients when opening a new account. Creating an account is as simple as downloading the app on your phone and following the on-screen instructions.
Step 3: Set up a personal investment budget for Apple stocks
👉 How much money do you have leftover at the end of each month after you have accounted for and paid all of your monthly expenses? That sum should serve as the target for your savings and investment efforts.
👉 You ought to save aside some of that money in the event that you do not currently have savings set aside for unexpected expenses and for your retirement. However, the remaining funds are at your disposal to invest as you see fit.
👉 It’s possible that you won’t want to purchase a complete share of AAPL stock right off the bat. In this scenario, you might wish to consider purchasing what is known as a fractional share, which is a portion of the whole share.
👉 These historic share portions are available for purchase through a number of brokerages. When you are ready to make an investment, you have the option of investing a large sum of money all at once or investing in smaller amounts over a protracted period of time by adopting dollar-cost averaging.
👉 Regardless of the current market price of the stock, a predetermined amount of that stock is purchased on a consistent basis, typically on a monthly basis. Both your risk and your cost per share will go down as a result of this in the long run.
👉 If you have other assets, you should consider how AAPL stock might fit into your overall portfolio before buying it. Investors who own Apple shares also need to be aware of their other investments in large-cap technology firms.
Step 4: Research the AAPL stock performance to date
👉 Purchasing stock in a single company might be an exciting notion, especially if that company is as well-known as Apple; nevertheless, investors in Kenya need to be cautious and conduct prior research before making any purchases in this market.
👉 As a starting point for your analysis, you should first go over the annual reports and quarterly reports that publicly traded firms like Apple are required to produce on a regular basis.
👉 These reports are referred to as earnings reports or quarterly earnings in the financial press, and they feature a plethora of information on a company’s performance as well as its finances.
👉 When you have all of this information at your disposal, you can use it to make an informed decision about whether or not Apple is a suitable option for investment.
Step 5: Make a deposit into your stock trading account with your chosen broker
👉 Following the completion of the account setup process for your trading platform, the following step is to fund your trading account with some starting funds.
👉 The bare minimum that must be paid is normally between one hundred and two hundred dollars, or its equal in euros, Australian dollars, or British pounds. Alternatively, the amount can be expressed in its equivalent in those other currencies.
👉 In the majority of instances, the procedure of adding funds is an instantaneous one, and you will have access to your capital as soon as you give authorization for the activity (excepting a bank transfer, which could take up to 3 business days).
👉 You are able to finance your account through the use of a credit card, a debit card, a bank transfer, PayPal, or even Skrill or Neteller if you so choose.
👉 However, you should be aware that the Broker may charge you additional fees if you opt to pay with particular methods of payment. This is something that you should be prepared for.
Step 6: Purchase your first Apple stock
👉 Go to the website of your Broker, locate the search box on the homepage, and then enter Apple (or its trade symbol, AAPL).
👉 The majority of the time, a small box that is sometimes referred to as the trade order box will appear on the screen, and you will be required to fill it out with the relevant information.
👉 This includes the total number of Apple Shares that you intend to purchase in the future. The maximum number of shares that you are able to buy will be determined by the amount of money that is currently available in your trading account.
👉 You will be required to specify the price at which you would like to execute the buy order in the event that you would prefer the current price to drop slightly before you make your purchase.
👉 You also have the option of making what is known as a “Market Order,” which would result in the purchase transaction being executed at the price that is currently being offered in the market at the moment the order is placed.
👉 Depending on the information that is presented in the order box, the final stage of the process requires that you complete the transaction by selecting either the “Execute Trade” or “Buy” button.
Step 7: Check the performance of your Apple stock after having made your purchase
👉 Maintaining a close watch on your investments in order to monitor their performance is a smart thing to do. When assessing the success of Apple or any other corporation, a reasonable place to begin is by looking at the annualized percentage return.
👉 You can evaluate the performance of your investment relative to that of other investments by using a predetermined set of benchmarks. Think about going back and looking at the initial data again to see how the performance of the stock has evolved over the course of time.
Overview of Apple stock for traders in Kenya
👉 Since the year 2010, Apple has been consistently ranked among the most valuable firms in the world. After that, it stayed near the top for a considerable number of more years.
👉 On the surface, the success of Apple can be explained by the fact that the company manufactures well-known products that have high-profit margins.
👉 Since that time, Apple has released a number of products, such as the iMac, that show the company’s shift toward placing a greater emphasis on design and the user experience.
👉 These same items, such as the iBook, iPod, iPhone, MacBook Air, and iPad, were among those that contributed to the industry’s paradigm shift.
👉 The iPod was a revolutionary product when it came to MP3 players, and when it came to mobile phones, Apple’s iPhone was first to market and soon established itself as the industry standard.
👉 As a direct result of the popularity of the iPad, millions of consumers came to the conclusion that they required yet another screen in order to take in content.
👉 In terms of both quality and aesthetics, these products were considered to be head and shoulders above anything else on the market.
👉 The simultaneous launch of each of these products helped make it possible for Apple to implement its new business strategy, which entails creating an ecosystem that is tightly connected across hardware, software, and content.
👉 Apple’s products did not make it simple for customers to transfer MP3s from their PCs to their iPods, in contrast, the devices of other manufacturers did.
👉 The company came up with the idea of selling individual songs from an album for a price that was one-tenth of the cost of the album as a whole. This was an alternate strategy to the traditional method of selling an album as a whole.
👉 The exact same process was followed for the software. On Apple’s mobile devices, you can utilize the streamlined applications that are downloadable from the App Store to carry out a wide variety of standard computing activities.
👉 Apple was the first major competitor in a number of these markets, and as such, it constructed the arena and established the guidelines for the competition.
Pros and Cons of buying Apple shares
👉 Is one of the world’s most powerful corporations, and its current market value is $2.7 trillion, making it one of the most valuable.
👉 At this rate of progress, it is difficult to conceive that the firm with its headquarters in San Francisco will have much more capacity for expansion in the years to come.
👉 Apple has maintained its position as the dominant player in the industry for the past ten years; nonetheless, the company’s growth engine still has a lot of opportunity for expansion. In this article, we will examine the benefits as well as the drawbacks of purchasing Apple shares in Kenya.
Pros of buying Apple shares in 2023
👉 The iPhone, which is now Apple’s most famous product, was not introduced to the public until the year 2007.
👉 Even though it is now one of the most oversaturated smartphone markets, fresh iPhone debuts continue to generate a significant amount of excitement more than 14 years after they were first introduced.
👉 The iPhone segment of Apple’s business generated $38.9 billion in revenue during the fourth quarter of the company’s fiscal year 2021, which ended on September 25, 2021. This represents a 47 percent increase over the same period in the previous year.
👉 Some industry experts had predicted that the excitement that surrounded the arrival of new iPhones would eventually die down, and as a consequence, sales of electronic devices would decrease.
👉 Despite the fact that the product’s new releases do not longer generate the same level of enthusiasm as they did in the latter part of the 2000s, the iPhone nevertheless maintains a considerable fanbase.
👉 Apple’s services segment has been an increasingly important part of the company over the past five years. The corporation keeps track of its earnings through the money generated through subscription-based services, in addition to other types of service revenue.
👉 This covers revenue from Apple Pay as well as other services, as well as money from Apple TV+, iCloud, and other services. This sector was only second to the iPhone segment when it came to sales during the company’s fiscal year 2021.
👉 The company’s income from its services reached a total of $68.4 billion for the year, representing a 27.3 percent increase from the previous year.
👉 The fact that this division of Apple’s business enjoys larger profit margins than the company’s other operations is one of the most significant advantages it offers.
👉 During the course of the fiscal year 2021, the company’s gross margin was at 41.8 percent. The gross margin on products at Apple was 35.3%, while the company’s service gross margin was 697.7%.
👉 If the company keeps growing in this area, the increased revenue from this expansion will have a positive effect on the bottom line of the business.
Cons of buying Apple Shares in 2023
👉 The Apple App Store is the subject of increased antitrust scrutiny, which raises the possibility of adverse regulatory action.
👉 There has been an increase in the amount of political pressure placed on Big Tech as a direct result of the growing dominance of companies like Apple inc. (AAPL) and Facebook (FB).
👉 This appears to be the biggest regulatory risk that is associated with the regular commission rate of 30 percent that is imposed on developers by the App Store. A decrease of fifty percent in that rate was given to less significant developers who had annual sales of less than one million dollars.
👉 According to app analytics firm Sensor Tower, even though these are the majority of the store’s publishers, they contributed less than 5 percent of the over $60 billion in revenue that the App Store generated in the first 10 months of 2020.
👉 Investors who purchase Apple shares at this time may want to keep an eye on the value of the company as a result of this regulatory supervision.
Should traders in Kenya invest in Apple stocks in 2023?
👉 The decrease in Apple’s stock price can be attributed to a number of factors, including challenging macroeconomic conditions, worries regarding the situation in Ukraine, and problems with the company’s supply chain in China.
👉 Investors have been compelled to seek out bonds with bigger yields in order to diversify their portfolios and keep money out of the stock market as a result of a hike in interest rates that was implemented by the central bank in the United States.
👉 According to data from MarketBeat as of 21 April, Wall Street experts forecast that Apple stock will increase by 14 percent to a price of $191 over the course of the following year.
👉 A forecasting firm that uses computers has also forecasted that Apple shares would be a “very attractive long-term investment” and might grow to $213 by April 2023. This prediction was made on the basis of the company’s performance over the past five years.
👉 It would appear that there is a lot of support for Apple stock from Wall Street analysts. MarketBeat polled a total of 32 industry experts and came to the conclusion that investors should “buy” the stock.
Best Brokers for Buying Apple Shares in Kenya
FXTM
👉 In general, FXTM is regarded as a broker with low risk, and it is possible to sum it up by saying that it is a trustworthy and dependable ECN broker for purchasing Apple Shares in Kenya.
👉 When it comes to spreading and safety, FXTM assures quick trading speeds beginning at only a few milliseconds for customers who wish to purchase AAPL shares in Kenya. FXTM has over 4 million registered clients all around the world, making it one of the most popular forex trading platforms.
XM
👉 XM is regarded as a broker with a low level of risk, and it is possible to summarize its status as a trustworthy and dependable market-making broker for the purpose of purchasing Apple Shares in Kenya.
👉 When it comes to the spread and the security, XM assures quick trading speeds beginning at just a few milliseconds so that traders in Kenya can buy AAPL shares.
👉 XM has more than 5 million registered members all around the world, making it one of the most popular brokers available.
Tickmill
👉 Tickmill is 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 the purchase of Apple Shares in Kenya.
👉 Tickmill assures rapid trading speeds beginning at a few milliseconds for the purpose of purchasing AAPL shares in Kenya. This service also offers competitive spreads and a high level of security. Tickmill has around 38 000 registered clients in the UK, which translates to users of the platform.
Pepperstone
👉 Pepperstone is regarded as a broker with a low level of risk, and the company can be summed up as a trustworthy and dependable agency-execution broker for purchasing Apple Shares in Kenya.
👉 When it comes to spreading and safety, Pepperstone assures rapid trading speeds beginning at only a few milliseconds for customers in Kenya who are interested in purchasing AAPL shares.
👉 In terms of the number of people that utilize their services, Pepperstone has more than 8,000 registered customers in the UK.
Exness
👉 When it comes to purchasing Apple shares in Kenya, Exness is regarded as a broker with a low level of risk and can be summarized as a trustworthy and dependable market-making broker.
👉 When buying AAPL shares, Exness guarantees rapid trading speeds starting from only a few milliseconds, which addresses concerns about spread and security. Exness has more than 204 000 registered customers in the United Kingdom at the present time.
Broker Comparison
| 🥇 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 5 | MetaTrader 4, MetaTrader 5, FXTM Trader | MetaTrader 4, MetaTrader 5, XM Mobile App | MetaTrader 4, MetaTrader 5 | • MetaTrader 4, • MetaTrader 5, • cTrader, • TradingView, • Myfxbook, • DupliTrade |
| 💰 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 |
| 📈 Leverage | Unlimited | 1:1000 | 1:888 | 1:500 | 1:200 |
| 📊 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 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
👉 One of the most attractive areas to put your money in is the stock market in the United States regardless of your investment strategy, level of experience, or financial ambitions.
👉 Traders in Kenya can now engage in the US stock market via their smartphones, tablets, iPads, and personal computers, thanks to advancements in technology.
Pepperstone App
👉 Clients can focus on the complex business of trading with ease, thanks to Pepperstone’s user-friendly market access platform.
👉 As an exceptional low-cost trading platform with numerous account kinds, user interfaces, and a wide range of interface customizations, the Pepperstone app is a good choice for traders.
👉 Enhancements such as a reinvented appearance and feel, trading with just a click, and comprehensive integration across desktop and mobile platforms benefit all types of investors.
Exness App
👉 An in-house app built by Exness provides a mobile version of its services. The software has integrated TradingView, one of the most popular third-party trading tools on the market. Rapid pattern detection is also provided by TradingView in addition to its analytical insights and immediate patterns.
AvaTradeGo
👉 It is well accepted that AvaTrade is one of the most reputable brokers in the market when it comes to trading foreign currency (FX) and CFDs (CFD). One of its main goals is to give users an uninterrupted trading environment that is quick to respond.
👉 Trade tools and resources such as position management software and charting capabilities are available to Kenyan traders through AvaTradeGO.
👉 In order to help traders make better investment decisions, the app provides users with access to market trend technology, sociological trends, basic and technical research, and more.
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.
FAQ
Can I buy Apple stocks in Kenya?
Yes, Apple stock can be purchased online in Kenya through regulated online stock trading brokers.
How can I buy Apple shares in Africa?
Traders in various African countries should start by selecting a regulated stock trading broker that offers trading services in their respective countries. Following this, they should create an account with their chosen broker, and determine the number of shares they wish to buy.
Can I buy stock directly from Apple?
No, stock cannot be bought directly from Apple. AAPL stocks should be purchased through a regulated online broker.
What is the minimum stock purchase for Apple?
Minimum stock purchases for Apple can start at $50. This amount can be increased as your experience in stock trading improves.
How much can you earn with Apple stock?
Apple pays a dividend of $0.88 per annum for every stock owned. To receive a $1,000 Apple dividend traders in Kenya would require $192,307 (1,000/0.0052).
Addendum/Disclosure:
👉 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.
