Our team here has collated this guide to help you understand how to Purchase Ritchie Bros. Auctioneers 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 buy Ritchie Bros. Auctioneers 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 procure Ritchie Bros. Auctioneers shares.
- Decide how you want to trade in Ritchie Bros. Auctioneers. Are you interested in Ritchie Bros. Auctioneers CFDs or Ritchie Bros. Auctioneers Stock.
- Register with a leading Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers are IC Markets and XTB).
- Do some detailed research on Ritchie Bros. Auctioneers financial reports. (IC Markets and XTB both provide research tools and resources).
- Finalise your budget and decide how many Ritchie Bros. Auctioneers shares you are going to buy.
- Buy or Sell your Ritchie Bros. Auctioneers shares with your chosen broker by placing an order.
You can easily buy Ritchie Bros. Auctioneers shares with one of the leading brokers listed below depending on the type of trading you wish to conduct. You can buy Ritchie Bros. Auctioneers shares with a broker like eToro or you can trade Ritchie Bros. Auctioneers CFDs with XTB. It really is quite simple to start trading Ritchie Bros. Auctioneers shares today.
If you are buying shares in the UK or Europe, eToro offer 0% commission on stock. This makes eToro a wise choice of broker when learning how to buy Ritchie Bros. Auctioneers shares.
when a client buys Ritchie Bros. Auctioneers stock at 1x leverage with eToro, it is completely commission free and you would be buying the actual stock.
Also with eToro, you 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 Ritchie Bros. Auctioneers shares.
Below is our detailed guide on How To Buy Ritchie Bros. Auctioneers Stock. What you should know, Types of trading Ritchie Bros. Auctioneers Stock and CFD’s. Pros and Cons, everything is explained below in our complete guide.
How To Buy Ritchie Bros. Auctioneers Shares Guide
Buying Ritchie Bros. Auctioneers Stock and CFDs
When investing in Ritchie Bros. Auctioneers 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 ordinary Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers shares we will detail for you the difference between the two so when you do come to invest in Ritchie Bros. Auctioneers you will be able to decide if you want to buy shares or CFD’s.
Ritchie Bros. Auctioneers 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 stock in Ritchie Bros. Auctioneers, 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 Ritchie Bros. Auctioneers stock.
If you buy Ritchie Bros. Auctioneers shares with a leading online broker you actually own a share of Ritchie Bros. Auctioneers. When you trade a contract for difference (CFD) you only have an agreement between you and your CFD broker speculating whether the Ritchie Bros. Auctioneers share price will go up or down.
So why you would buy Ritchie Bros. Auctioneers as a CFD instead of stock?
It’s all about leverage…
If you bought 100 Ritchie Bros. Auctioneers shares at $50 a share with an online broker you now own $5,000 worth of Ritchie Bros. Auctioneers.
If you purchased Ritchie Bros. Auctioneers as a CFD you can get Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers. Trading a Ritchie Bros. Auctioneers CFD allows investors to hold larger positions than their invested amount.
But be aware that although investing in a Ritchie Bros. Auctioneers CFD like this amplifies any potential profit, it also increases your potential losses which may exceed the amount you invested. To guard against this, it is advisable to go with an online broker that offers negative balance protection.
If you invested in Ritchie Bros. Auctioneers shares 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 Ritchie Bros. Auctioneers CFD long would be hoping to profit from the share price of Ritchie Bros. Auctioneers rising. A Ritchie Bros. Auctioneers CFD short would be that you believe the stock price of Ritchie Bros. Auctioneers is going to fall. Trading CFDs allows you to profit from the share 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 Ritchie Bros. Auctioneers shares you can only profit from a rise in the Ritchie Bros. Auctioneers stock price.
Stock Market Times For Trading Ritchie Bros. Auctioneers Stock & CFD’s
If you are buying ordinary Ritchie Bros. Auctioneers shares then your trades are limited to when the stock exchange is open if you are trading Ritchie Bros. Auctioneers CFD’s then you have a 24/7 access to the market 🙂
How To Buy Ritchie Bros. Auctioneers Stock With An Online Broker
Buying Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers stock. This means that your risk is limited to your initial investment into Ritchie Bros. Auctioneers. You can only lose what you put into Ritchie Bros. Auctioneers stock. Another benefit of buying Ritchie Bros. Auctioneers shares with an online broker is that you may be eligible to receive Ritchie Bros. Auctioneers dividends.
If you invest into Ritchie Bros. Auctioneers via a CFD, you have no privileges as a shareholder as you don’t actually own the underlying stock. If you buy Ritchie Bros. Auctioneers stock through a CFD however, the returns (or losses) can be much greater.
If you own shares in Ritchie Bros. Auctioneers you may be eligible to voting rights at Ritchie Bros. Auctioneers shareholder general meetings.
What Are The Tax Rules Around Owning Ritchie Bros. Auctioneers 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 are free from stamp duty. If you looking to buy Ritchie Bros. Auctioneers stock through a CFD, then losses can normally be offset against profits when you submit your tax return.
Generally, Investment in Ritchie Bros. Auctioneers stock are only exempt from tax if the Ritchie Bros. Auctioneers stock is bought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pension ).
Should I Trade Ritchie Bros. Auctioneers Stock or Ritchie Bros. Auctioneers CFDs?
There are pro’s and cons to both Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers shares 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 Ritchie Bros. Auctioneers CFDs is best suited for intra day and mid term traders. With intra day trading on Ritchie Bros. Auctioneers, you would be aiming to make profits on the fluctuating highs and lows of the Ritchie Bros. Auctioneers share price throughout the day. Known as “Day Trading”, it focuses on profiting on the daily price change of Ritchie Bros. Auctioneers.
With CFD trading you can short or long a Ritchie Bros. Auctioneers share 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers As A CFD Trade Or As Direct Stock 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 stock deals differ from broker to broker so check you are aware of the actual costs with your brokers.
| Ritchie Bros. Auctioneers CFD trade example | Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers CFDs now with XTB
|
Trade Ritchie Bros. Auctioneers Shares now with IC Markets
|
Our brokerage comparison table below allows you to compare the features for the leading online brokers offering Ritchie Bros. Auctioneers stock and CFDs
When we were grading the top online brokers that offer the ability to trade Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers brokerage offers Micro, Standard, VIP and Islamic accounts.
How To Buy Ritchie Bros. Auctioneers Stock Explained
Trading in the financial markets with Ritchie Bros. Auctioneers Brokers when conditions are volatile can be difficult, even for very 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 trusted online broker like plus500 or Trading212 and learn the system of trading well before risking your own money.
Another important factor you must consider when searching for Ritchie Bros. Auctioneers brokers is what platforms does that Ritchie Bros. Auctioneers broker offer.
You should always choose a Ritchie Bros. Auctioneers broker that has leading technology and innovation processes.
To have the greatest chance of success you will need a Ritchie Bros. Auctioneers broker you can trust and rely on.
7 Factors to Consider when Choosing a Ritchie Bros. Auctioneers Broker
Follow these seven rules for selecting a Ritchie Bros. Auctioneers broker that’s right for you.
Is Your Ritchie Bros. Auctioneers Broker Trusted And Established?
Choose 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers Brokers The Best In The World?
Try to choose an online Ritchie Bros. Auctioneers 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 platform 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 platforms enabling full access to a variety of economic markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.
Another good choice when looking for Ritchie Bros. Auctioneers Brokers is XTB.
XTB also segregates clients funds and offers over 1,500 instruments for trading.
What are the Commissions and Fees For Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers online brokers.
Currently, the best-rated Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers Brokers?
When working with Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers brokers normally include Phone, Email and Live Chat customer support.
Choosing a top Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers Broker Offer Comprehensive Trader Resources?
Any top online Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers Brokers Need To Be Regulated?
Because a regulated Ritchie Bros. Auctioneers broker lowers your exposure.
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.
Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers Shares – Frequently Asked Questions
How Can I Buy Stock In Ritchie Bros. Auctioneers?
The following is an overview of the process to purchase Ritchie Bros. Auctioneers shares.
- Decide how you want to trade in Ritchie Bros. Auctioneers. Do you want to to trade in Ritchie Bros. Auctioneers CFDs or Ritchie Bros. Auctioneers Stock.
- Register with a leading Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers are IC Markets and XTB).
- Do some detailed research on Ritchie Bros. Auctioneers financial reports. (IC Markets and XTB both provide research tools and resources).
- Finalise your budget and decide how many Ritchie Bros. Auctioneers shares you want to buy.
- Buy or Sell your Ritchie Bros. Auctioneers shares with your chosen broker by placing an order.
Can I Buy Ritchie Bros. Auctioneers Stock Directly From Them?
You cannot buy Ritchie Bros. Auctioneers shares directly from Ritchie Bros. Auctioneers. Stock in Ritchie Bros. Auctioneers must be purchased through a stock brokerage firm.
You can buy Ritchie Bros. Auctioneers shares with a stock broker like IC Markets or you can trade Ritchie Bros. Auctioneers stock via CFD share trading with a broker like XTB.
How Much Does It Cost To Buy Ritchie Bros. Auctioneers Shares?
All the numbers in this article are for illustration purposes only. To get the latest Ritchie Bros. Auctioneers share price, either Google it or sign up with IC Markets or XTB.
What Is The Minimum Required Investment For Ritchie Bros. Auctioneers?
The minimum investment to buy stock in Ritchie Bros. Auctioneers would depend on the current share price of Ritchie Bros. Auctioneers and the costs associated with the stock or CFD broker your decide to trade with.
The price of a Ritchie Bros. Auctioneers 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 Ritchie Bros. Auctioneers shares. You can buy Ritchie Bros. Auctioneers stock with a stock broker like IC Markets or you can trade Ritchie Bros. Auctioneers shares 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.