Below is How To Invest In Netflix In South Africa
How do I buy Netflix stock in South Africa?
Compare share trading platforms.
Open and fund your brokerage account.
Search for Netflix Find the stock by name or ticker symbol: NFLX.
Purchase now or later.
Decide on how many to buy.
Check-in on your investment
How to Buy Netflix Shares in South Africa
If you are wanting to know how to buy Netflix shares in South Africa in less than 10 minutes, follow these steps and you will be a shareholder in no time.
Open an Account with Capital.com: We recommend Capital.com for buying shares like Netflix, as well as investing in most asset classes. Head over to the website and click ‘Trade Now’ to open a new account.
Upload ID: Before you fund your Capital.com account you will need to verify your identity by uploading a copy of an official identity document. You will also need to verify your address by uploading a copy of a utility bill. The Capital.com team will then verify your account in a matter of minutes.
Deposit Funds: Before you can make an investment you will need to deposit funds into your account. The minimum amount you can initially deposit is $20 or about R300. You can fund your account with a credit card, debit card, or bank transfer.
Buy Netflix Shares: Search for Netflix using the search bar at the top of the home page. When you find it, click on ‘Buy’ and you will be directed to an order entry page. You can enter a cash amount or the number of shares you want to buy. Then click on ‘Open Trade’ and your order will be executed. You are now an NFLX shareholder, and you know how to buy Netflix shares in South Africa.
Step 1: Choose a Stock Broker
If you want to buy shares of global companies like Netflix, your first step is to choose a stockbroker.
When choosing a broker, you will want to consider the range of trading instruments available, the safety of the platform, and the trading costs you will be charged. Since Netflix trades on the NASDAQ exchange in the US, you will need a stockbroker with NASDAQ shares.
We have reviewed all the top brokers and recommend the following two brokers for buying Netflix shares or CFDs in South Africa
Best Broker to Buy Netflix Shares in South Africa
Our overall favourite stockbroker in South Africa is Capital.com. Strictly speaking, Capital.com is a CFD broker rather than a share trading platform because all positions are held in the form of CFDs, or contracts for difference. From the point of view of investing or trading there is little practical difference between holding shares or CFDs on shares. However, CFDs do allow you to use the leverage of up to 5 to 1 on stocks, and short sell shares very easily. So Capital.com is a good choice if you are wondering how to buy Netflix shares in South Africa using leverage.
The Capital.com trading platform lists a wide array of stocks, ETFs, currencies, cryptocurrencies, commodities, and indices. Crypto traders will find one of the widest ranges of digital coins that can be traded as CFDs. Trades are also commission-free, and the platform is well known for its competitive spreads.
Can I invest in Netflix in South Africa?
There are some investment platforms in South Africa through which you can set up an offshore investment brokerage account for the purpose of buying US-based stocks.
FNB recently launched exchange-traded notes (ETNs) for as little as R10 where you can have fractional shares that track the likes of Netflix and Amazon.
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