Can you buy Shares with Wise Bank?
Yes, it is possible to get exposure into shares with Wise through 'Wise Assets', a feature that automatically converts a selected amount of your funds into an index tracking fund. The iShares World Equity Index Fund is managed by BlackRock and tracks the MSCI World Index. This index is a portfolio of the world's most popular shares, like Apple, Tesla, and Microsoft. The downside of using this service is being unable to select specific shares you would like to invest in. This is why we suggest using a third-party FCA-licensed brokerage platform to purchase shares.
How to buy Shares with Wise Bank
The best way to buy shares with Wise Bank is through the secure broker, eToro. It offers free and instant GBP deposits from Wise via various payment methods, including Bank Transfer, Credit/Debit Card, Wire Transfer, Sofort, Trustly, Skrill, Paypal, and Neteller.
Wise customers can begin trading over 3000 assets with this easy guide:
- Sign up to eToro and complete the verification requirements.
- Tap 'Deposit Funds', select a method, and transfer GBP from Wise Bank.
- Go to the search bar, search for the stock you want to buy, and tap 'Trade'.
- Input the amount you want to purchase and click 'Set Order.
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Where to buy shares in Wise Bank?
Among the thousands of shares that eToro offers is Wise Bank’s shares. Wise Bank's stock symbol is WISE, and is traded on the London Stock Exchange (LSE). eToro facilitates trading across various international financial markets, including the LSE. To invest in Wise Bank shares, input 'WISE' into the search bar, select 'Trade', enter your desired investment amount, and finally, click 'Set Order'.
About Wise Bank
Wise is a digital bank that is headquartered in London, UK. The company was originally called TransferWise and was founded in January 2011 by Kristo Käärmann and Taavet Hinrikus, who are both businessmen from Estonia. Offering a comprehensive suite of services, including personal and business accounts, investment management, and loan products, Wise Bank prioritises security, user-friendly interfaces, and exceptional customer support.
The Bottom Line
To recap, Wise is a great bank for managing your funds but is not the best option to buy shares due to its high fees and inability to choose what shares you can buy. We recommend using eToro instead as it offers thousands of assets with no broker fees and free GBP deposits from Wise Bank. It is a social trading platform that has unique features like copy trading and a virtual trading platform that allows users to make paper trades with up to $100,000.
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