Led by Jeff Bezos, Amazon has grown from a small online sales operation to one of the largest companies in the world.  It is not out of the ordinary that you are interested in purchasing stock in the goliath online marketplace.

If you are new to investing, this page can help you understand your options when it comes to purchasing stock in Amazon, and how you can do so in less than 20 minutes.

Read below to discover how to buy Amazon stock, as well as its current price and historical chart.

Amazon Company Details

Amazon historical chart and current price

How to buy Amazon Stock

There are various ways to purchase stock in Amazon.  In order to purchase Amazon stock, you will need to open an account with either a brokerage company, download an investment app, or purchase shares of Amazon directly.

Below are a few companies you can use to do this.

Buy Amazon Stock through TD Ameritrade

If you want a traditional route to buy Amazon stock, you can open an account with TD Ameritrade.

The company supports taxable brokerage accounts, traditional IRA accounts, Roth IRA accounts, and other retirement accounts.

Once you open the account, you can place a trade to purchase shares of Amazon.  There is a low commission of $6.95 to purchase shares of stock through TD Ameritrade.  You can buy as much Amazon stock as you want, but you will need to purchase at least one share.

One great thing about TD Ameritrade is you do not have an account minimum, so you can purchase as little as one share of Amazon in your account.

To read more about TD Ameritrade, you can read my in-depth review here: TD AMERITRADE REVIEW

Buy Amazon Stock through M1 Finance

If you are into technology and/or the lowest cost option to buy stock in Amazon, M1 Finance is a great choice.

M1 Finance is an app you can download on your phone to buy and sell shares of stocks and ETFs (the company also has an online portal you may use to buy and sell stock.

Unlike TD Ameritrade, M1 Finance offers fractional shares.

What are fractional shares?

If a company like Amazon sells for over $1,000 per share, you may not have the ability to buy whole shares.

For example, you may only have $500 to buy stock, and Amazon is much more per share than $500.

M1 Finance allows you to buy fractions of shares.  So you can purchase ½ of a share of Amazon, or 2 ½ shares of Amazon etc…  This is in lieu of purchasing round number shares.

The best thing about M1 Finance is there are no trading fees, so you will pay no commission to purchase a share of stock.  There is also no management fee, so you can essentially buy and sell stock for free.

How can they do this?

To learn more about how they can do this, you can read my review of M1 Finance below.  Also…click the button below if you are interested in using M1 Finance or learning more about the company.

Read my M1 FINANCE REVIEW

Buy Amazon stock as a gift

If you are interested in purchasing stock in Amazon as a gift for a child, relative, or friend, you may want to use, Stockpile.

Stockpile is a company making it easy for you to purchase shares of company stock as a gift.

You can even purchase physical gift certificates of stock as presents!

To learn more about Stockpile, click the button below.

GET $5 TOWARDS STOCK WITH STOCKPILE!

How to fill out  your purchase order for Amazon Stock

Placing an order with TD Ameritrade

If you decide to use TD Ameritrade to purchase the shares of Amazon, you will then go through the process of placing an order.

You will select the number of shares you want to purchase, and the order type you want TD Ameritrade to execute.

You will have the option of placing a market order, or a limit order (you will also have the option of a stop and a stop limit, but just focus on the market order or the limit order).

Below are descriptions of the four types of orders.

• Market order – TD Ameritrade will purchase Amazon stock at whatever the market price is during market hours.
• Limit order – The limit order will allow you to specify the maximum price you are willing to pay for the stock; TD Ameritrade will not purchase the stock for a price higher than the one you set.

If you wish to buy Amazon at any stock price during the trading day, use a market order.

If you want to add a price you believe is too high to purchase the stock, you can use a limit order so TD Ameritrade won’t purchase the stock for more than the price you set.

Placing an order with M1 Finance

If you use M1 Finance to buy stock, you won’t need to worry about the market vs. limit order.  This is because M1 Finance purchases all stock during a single trading window.  This is unlike TD Ameritrade, which will buy and sell shares throughout the day.

Therefore, you will just type in the stock symbol for Amazon – AMZN – then the share amount, and then purchase the stock.

About Amazon

The following description of Amazon is from Morningstar:

Amazon is among the world’s highest-grossing online retailers, with $178 billion in net sales and $320 billion in estimated global gross merchandise volume in 2017. Online product and digital media content sales accounted for 61% of net revenue in 2017, followed by commissions, related fulfillment and shipping fees, and other third-party seller services (18%), Amazon Web Services’ cloud compute, storage, database, and other offerings (10%), Prime membership fees and other subscription-based services (5%), product sales at Whole Foods and other physical store retail formats (3%), and advertising services and cobranded credit cards (3%). International segments totaled 33% of Amazon’s non-AWS sales in 2017, led by Germany, the United Kingdom, and Japan.

Amazon competitors

Some of Amazon’s competitors include (but are not limited to) the companies below:

Barnes & Noble Inc.

eBAY Inc.

Conclusion – How to buy Amazon Stock

Buying stock in Amazon is easy.  You can use an online broker such as TD Ameritrade or a robo-advisor application such as M1 Finance.

If you are interested in purchasing Amazon Stock as a present, you can use Stockpile to do so.

These three companies make it simple to purchase stock.

You can have an account created in less than 20 minutes so you can start investing ASAP (keep in mind you need to fund the account still).

Now, I’d like to hear from you.

Are you planning on buying stock in Amazon?  If so, why?

Disclaimer: These are the ideas and opinions of the author.  The author is not responsible for the actions of those who read the posts on this blog.  Each individual reader has a unique situation and unique needs.  This blog is not intended to solve those unique situations of the readers.  This blog is not liable for decisions made by the readers of this blog.

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