Our team here has collated this guide to help you understand how to Buy ExxonMobil Stock. When buying shares it is important to use a great, professional broker to make the transaction easy.
Below we detail in full how to purchase ExxonMobil shares including what to be careful of and also help finding the best broker for your needs.
The following is an overview of the process to purchase ExxonMobil shares.
- Decide how you want to trade in ExxonMobil. Do you want to to trade in ExxonMobil CFDs or ExxonMobil Stock.
- Register with a leading ExxonMobil broker that suits your needs. We suggest registering with a few to see which one best fits your needs. (Currently the top two online brokers for ExxonMobil are IC Markets and XTB).
- Do some detailed research on ExxonMobil financial reports. (IC Markets and XTB both provide research tools and resources).
- Finalise your budget and decide how many ExxonMobil shares you want to buy.
- Buy or Sell your ExxonMobil shares with your chosen broker by placing an order.
You can easily buy ExxonMobil shares with one of the leading brokers listed below depending on the type of trading you wish to conduct. You can buy ExxonMobil stock with a broker like eToro or you can trade ExxonMobil CFDs with XTB. It really is quite simple to start trading ExxonMobil shares today.
If you are purchasing shares in the UK or Europe, eToro offer 0% commission on stock. This makes eToro a wise choice of broker when learning how to purchase ExxonMobil stock.
when a client buys ExxonMobil stock at 1x leverage with eToro, it is completely commission free and you would be buying the actual stock.
Also with eToro, clients can buy fractional shares – The Minimum deposit with eToro is $200, and to buy shares, $50 is the minimum trade.
eToro are not only market leaders but also one of the cheapest places to buy ExxonMobil stock.
Below is our in depth article on How To Buy ExxonMobil Stock. What you need to know, Types of trading ExxonMobil Stock and CFD’s. Pros and Cons, everything is explained below in our complete guide.
How To Buy ExxonMobil Shares Guide
Buying ExxonMobil Stock and CFDs
When investing in ExxonMobil you have several options open to you and it is largely dependent on what type of investment you intend to do. You can easily buy traditional ExxonMobil shares with one of our recommended brokers or you can trade what is known as a CFD (contract for difference).
In this ultimate guide to buying ExxonMobil shares we will detail for you the difference between the two so when you do come to invest in ExxonMobil you will be able to decide if you want to buy shares or CFD’s.
ExxonMobil Traditional Stock Dealing vs CFD Trading
CFD (Contracts for Difference) trading is pretty much what it sounds like, an agreement for the “difference”. In trading, this is basically a contract whereby two parties agree that the seller will pay the difference in the value of two financial instruments, usually defined as “buyer” seller”.
It is defined by Merriam Webster as: “A contract made by two or more persons in which they agree to exchange one or more securities for another or a difference in their value; or a contract entered into by a person who has bought a security, the difference between that amount and the price paid for it.”
If you are thinking about buying or selling shares in ExxonMobil, you must first determine if you want to participate in CFD trading or not. If you decide that it’s a good way of making money, then you need to learn more about CFD trading and the best way to do that is sign up for a demo account with a reputable online broker like IC Markets.
CFD trading is a lot like stock trading, except when you exchange a CFD you do not actually own any ExxonMobil stock.
If you buy ExxonMobil shares with a leading online broker you actually own a share of ExxonMobil. When you trade a contract for difference (CFD) you only have an agreement between you and your CFD broker speculating whether the ExxonMobil share price will change up or down.
So why you would buy ExxonMobil as a CFD instead of stock?
It’s all about leverage…
If you bought 100 ExxonMobil shares at $50 a share with an online broker you now own $5,000 worth of ExxonMobil.
If you purchased ExxonMobil as a CFD you can get ExxonMobil as a share in contracts for difference as they offer increased leverage.
Contracts for difference are traded on margin which means to have $5,000 invested in ExxonMobil you would not need to invest the full amount as you would with a stock broker. Some online brokers offer leverage at 1:100 so you would only have to invest $50 ( known as the CFD margin ) with a CFD to hold the same position in ExxonMobil. Trading a ExxonMobil CFD allows investors to hold larger positions than their invested amount.
But be aware that although investing in a ExxonMobil CFD like this amplifies any potential profit, it also exaggerates your potential losses which may exceed the amount you invested. To protect against this, it is advisable to go with an online broker that offers negative balance protection.
If you invested in ExxonMobil stock with an online broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. It is a 1:1 transaction so there is no leverage.
Buying a ExxonMobil CFD long would be hoping to profit from the share price of ExxonMobil rising. A ExxonMobil CFD short would be that you believe the stock price of ExxonMobil is going to fall. Trading CFDs allows you to profit from the stock price moving in either direction.
This gives you a much greater chance to be flexible and move with the markets…. Just imagine if you’d shorted airline stock CFD’s just before Coronovirus in 2020….
By buying normal ExxonMobil shares you can only profit from a rise in the ExxonMobil stock price.
Stock Market Times For Trading ExxonMobil Shares & CFD’s
If you are buying ordinary ExxonMobil shares then your trades are limited to when the stock exchange is open if you are trading ExxonMobil CFD’s then you have a 24/7 access to the market 🙂
How To Buy ExxonMobil Stock With An Online Broker
Buying ExxonMobil shares with a reputable online broker minimises your risk to losing everything as you have to purchase the total amount up front. Online brokers offer no leverage when buying ExxonMobil shares. This means that your risk is limited to your initial investment into ExxonMobil. You can only lose what you put into ExxonMobil shares. Another benefit of buying ExxonMobil shares with an online broker is that you may be eligible to receive ExxonMobil dividends.
If you invest into ExxonMobil via a CFD, you have no privileges as a shareholder as you don’t actually own the underlying shares. If you buy ExxonMobil stock through a CFD however, the returns (or losses) can be much greater.
If you own stock in ExxonMobil you may be eligible to voting rights at ExxonMobil shareholder general meetings.
What Are The Tax Rules Around Owning ExxonMobil Shares?
This will depend what country you live in as tax laws vary wildly. You should contact your local tax office for complete clarity but normally CFD’s do not incur stamp duty. If you looking to buy ExxonMobil shares through a CFD, then losses can normally be offset against profits when you submit your tax return.
Generally, Investment in ExxonMobil stock are only exempt from tax if the ExxonMobil stock is bought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pension ).
Should I Trade ExxonMobil Stock or ExxonMobil CFDs?
There are pro’s and cons to both ExxonMobil stock or CFDs. Choosing which one is right for you comes down to your appetite for risk.
For long term investments then normally investing in ExxonMobil stock is the better option as historically companies produce better results over the long term. For example, If you had bought $1,000 worth of Apple shares on January 9, 2007, (the day Steve Jobs unveiled the original iPhone), your investment would now be worth over $26,000.
Trading ExxonMobil CFDs is best suited for intra day and mid term traders. With intra day trading on ExxonMobil, you would be aiming to make profits on the fluctuating highs and lows of the ExxonMobil stock price throughout the day. Known as “Day Trading”, it focuses on profiting on the daily price change of ExxonMobil.
With CFD trading you can short or long a ExxonMobil stock price and you can hedge a trade against another trade.
A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of the ExxonMobil share price.
Both strategies have different risks and benefits and, as mentioned, it is down to you to decide which one is correct for you.
Example Cost Of Buying ExxonMobil As A CFD Trade Or As Direct Shares Side by Side
*The below table is not using live values and is only for illustration purposes. Please open an account with a leading online broker like IC Markets or XTB for correct prices.
CFD and share deals differ from broker to broker so check you are aware of the actual costs with your brokers.
| ExxonMobil CFD trade example | ExxonMobil sotck deal example | |
| Market price | $1,000 | $1,000 |
| Broker Deal | Invest $200 at 1:5 Margin (20%) | Buy at $1,000 a share |
| Deal size | 100 shares | 100 shares |
| Initial outlay | $20,000
(Margin = exposure x 20% margin factor) |
$100,000
(100 shares at $1,000) |
| Stamp duty | No | £20 |
| Close price | Sell at $1125.7 | Sell at $1125.7 |
| Estimated Profit | (125.7 point increase x 100 shares = $12570)
*Not including commission fees and taxes |
($112,570 – $100,000 = $12570)
*Not including commission fees and taxes |
| Trade ExxonMobil CFDs now with XTB
|
Trade ExxonMobil Shares now with IC Markets
|
Our brokerage comparison table below allows you to compare the features for the leading online brokers offering ExxonMobil stock and CFDs
When we were grading the top online brokers that offer the ability to trade ExxonMobil stock, we compared all the important factors to help you make an informed choice.
- The minimum deposit to open an account.
- Available funding methods for ExxonMobil brokers.
- What types of trade you can perform with each brokerage.
- Which trading platforms that are supported by the brokers.
- Spread type (if applicable) for each brokerage.
- Levels of customer support offered.
- Whether each ExxonMobil brokerage offers Micro, Standard, VIP and Islamic accounts.
How To Buy ExxonMobil Stock Explained
Trading in the economic markets with ExxonMobil Brokers when conditions are volatile can be difficult, even for more experienced traders.
There are educational resources online but they are never a substitute for actual trading experience which you can only get if you get started.
This is why we recommend opening a demo account with a experienced online broker like XTB or FP Markets and learn the system of trading well before risking your own money.
Another important factor you must consider when searching for ExxonMobil brokers is what platforms does that ExxonMobil broker offer.
You should always choose a ExxonMobil broker that has leading technology and innovation processes.
To have the greatest chance of success you will need a ExxonMobil broker you can trust and rely on.
7 Factors to Consider when Selecting a ExxonMobil Broker
Follow these seven rules for selecting a ExxonMobil broker that’s right for you.
Is Your ExxonMobil Broker Trusted And Established?
Select a broker that has a good track record in the financial markets to make sure you have the bases covered when beginning to trade online.
One of the best ExxonMobil brokers is IC Markets. They were established in 2007 and their head office is in Australia.
IC Markets is fully regulated so you can trust that they are a professional company. IC Markets is regulated and governed by the following regulatory bodies:
Australian Securities and Investment Commission (ASIC),
Financial Services Authority (FSA),
Cyprus Securities and Exchange Commission (CySEC)
Another top ExxonMobil broker is XTB
XTB was established in 2002 and have their head office in Poland
Another top rated broker is XTB.
XTB is fully regulated so you can trust that they are a professional company. XTB is regulated and governed by the following regulatory bodies:
Australian Securities and Investment Commission (ASIC),
Financial Services Authority (FSA),
Cyprus Securities and Exchange Commission (CySEC)
Are The ExxonMobil Brokers World Leading?
Try to choose an online ExxonMobil broker that’s at the forefront of innovation and generally considered an industry-leader.
IC Markets separates client funds and offers over 232 instruments for trading. IC Markets offers both an online trading solution as well as a mobile platform giving their clients easy access to global markets.
IC Markets is classed as a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
IC Markets also supports many popular third-party trading solutions enabling full access to a variety of financial markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.
Another good choice when looking for ExxonMobil Brokers is XTB.
XTB also segregates clients funds and offers over 1,500 instruments for trading.
What are the Commissions and Fees For ExxonMobil Brokers?
For safety make sure that your broker is transparent and you fully understand all their fees and make sure they are competitive with other ExxonMobil online brokers.
Currently, the best-rated ExxonMobil broker IC Markets, offer very competitive rates for Forex, CFD’s, Share Dealing, Cryptocurrencies and Spread Betting. The minimum deposit for IC Markets is $200.
A second top ExxonMobil broker is XTB who offer CFD’s Cryptocurrency, & Forex. XTB have no minimum deposit so a great choice to get started with.
What are the Funding and Withdrawal Options For ExxonMobil Brokers?
When working with ExxonMobil Brokers, having easy funding and withdrawal facilities makes the trading process and your trading experience smoother. It is also important so that you can get easy and quick access to your money if needed.
Which ExxonMobil Brokers offer Round-the-clock support?
No matter if you are new to investing or an experienced trader, customer service is universal and very important for ExxonMobil brokers.
Having access to professional customer support is vital for everything from trading problems to trying to understand the tools that your broker offers.
The customer support of the best ExxonMobil brokers normally include Phone, Email and Live Chat customer support.
Choosing a top ExxonMobil broker will also mean that they can communicate in multiple languages to speed up any questions you might have. Normally they cover English, Chinese, Danish, German, Afrikaans, Japanese, Polish and more.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German and more
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Both IC Markets and XTB offer full support where clients are able to call or contact their helpdesk via email or live chat.
Does Your ExxonMobil Broker Offer Comprehensive Trader Resources?
Any top online ExxonMobil broker in should offer free tools and resources like analysis and risk management tools. Leading brokers like IC Markets and XTB also provide breaking news and personalised insights to their clients.
Another great resource for up to date information, news and support is us. We pride ourselves on making financial choices simple 🙂
For most traders, their main concern is keeping an edge over other traders which can only be achieved by absorbing as much up-to-date information as possible. It will help you navigate the markets and identify opportunities that you can exploit through trades with your broker.
But to do that you need the best broker who is quick and efficient to execute your trades.
Why Do ExxonMobil Brokers Need To Be Regulated?
Because a regulated ExxonMobil broker lowers your risk.
Broker regulation is there to protect consumers. If you use an unregulated broker then it will lead to very poor services and potentially financial harm or even fraud.
ExxonMobil brokers are mainly regulated to protect against fraud. They have to keep their money separate from their clients money as if they use client money for their own work they commit fraud. The regulation ensures this doesn’t happen.
How To Buy ExxonMobil Stock – Frequently Asked Questions
How Can I Buy Stock In ExxonMobil?
The following is an overview of the process to procure ExxonMobil shares.
- Decide how you want to trade in ExxonMobil. Are you interested in ExxonMobil CFDs or ExxonMobil Stock.
- Register with a leading ExxonMobil broker that suits your needs. We suggest registering with a few to see which one best fits your needs. (Currently the top two online brokers for ExxonMobil are IC Markets and XTB).
- Do some detailed research on ExxonMobil financial reports. (IC Markets and XTB both provide research tools and resources).
- Finalise your budget and decide how many ExxonMobil shares you are going to buy.
- Buy or Sell your ExxonMobil shares with your chosen broker by placing an order.
Can I Buy ExxonMobil Shares Directly From Them?
You cannot buy ExxonMobil shares directly from ExxonMobil. Stock in ExxonMobil must be purchased through a stock brokerage firm.
You can buy ExxonMobil shares with a stock broker like IC Markets or you can trade ExxonMobil stock via CFD share trading with a broker like XTB.
How Much Does It Cost To Buy ExxonMobil Stock?
All the numbers in this article are for illustration purposes only. To get the latest ExxonMobil share price, either Google it or sign up with IC Markets or XTB.
What Is The Minimum Required Investment For ExxonMobil?
The minimum investment to buy stock in ExxonMobil would depend on the current share price of ExxonMobil and the costs associated with the stock or CFD broker your decide to trade with.
The price of a ExxonMobil share changes by the minute. Your other costs would be the minimum deposit required by your brokerage and any commission fees you have to pay for buying and selling your ExxonMobil stock. You can buy ExxonMobil stock with a stock broker like IC Markets or you can trade ExxonMobil stock via CFD share trading with a broker like XTB.
both brokers have a low minimum deposit to trade so you can start trading straight away.