Our team at findabroker.online has designed this guide to help you understand how to Purchase Standard Life Aberdeen Stock. When buying shares it is important to use an experienced, professional broker to make the transaction easy.
Below we detail in full how to purchase Standard Life Aberdeen 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 buy Standard Life Aberdeen shares.
- Decide how you want to trade in Standard Life Aberdeen. Do you want to to trade in Standard Life Aberdeen CFDs or Standard Life Aberdeen Stock.
- Register with a leading Standard Life Aberdeen 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 Standard Life Aberdeen are IC Markets and XTB).
- Do some detailed research on Standard Life Aberdeen financial reports. (IC Markets and XTB both provide research tools and resources).
- Finalise your budget and decide how many Standard Life Aberdeen shares you are going to buy.
- Buy or Sell your Standard Life Aberdeen shares with your chosen broker by placing an order.
You can easily buy Standard Life Aberdeen stock with one of the leading brokers listed below depending on the type of trading you wish to conduct. You can buy Standard Life Aberdeen shares with a broker like eToro or you can trade Standard Life Aberdeen CFDs with XTB. It really is quite simple to start trading Standard Life Aberdeen shares today.
If you are purchasing stock in the UK or Europe, eToro offer 0% commission on stock. This makes eToro a wise choice of broker when learning how to buy Standard Life Aberdeen stock.
when a client buys Standard Life Aberdeen 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 stock, $50 is the minimum trade.
eToro are not only market leaders but also one of the cheapest places to buy Standard Life Aberdeen shares.
Below is our detailed article on How To Buy Standard Life Aberdeen Stock. What you should know, Types of trading Standard Life Aberdeen Stock and CFD’s. Pros and Cons, everything is explained below in our complete guide.
How To Buy Standard Life Aberdeen Shares Guide
Buying Standard Life Aberdeen Stock and CFDs
When investing in Standard Life Aberdeen you have several options open to you and it is largely dependent on what type of investment you wish to conduct. You can easily buy ordinary Standard Life Aberdeen 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 Standard Life Aberdeen shares we will detail for you the difference between the two so when you do come to invest in Standard Life Aberdeen you will be able to decide if you want to buy shares or CFD’s.
Standard Life Aberdeen 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 Standard Life Aberdeen, 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 Standard Life Aberdeen stock.
If you buy Standard Life Aberdeen shares with a leading online broker you actually own a share of Standard Life Aberdeen. When you trade a contract for difference (CFD) you only have an agreement between you and your CFD broker speculating whether the Standard Life Aberdeen share price will go up or down.
So why you would buy Standard Life Aberdeen as a CFD instead of shares?
It’s all about leverage…
If you bought 100 Standard Life Aberdeen shares at $50 a share with an online broker you now own $5,000 worth of Standard Life Aberdeen.
If you purchased Standard Life Aberdeen as a CFD you can get Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen. Trading a Standard Life Aberdeen CFD allows investors to hold larger positions than their invested amount.
But be aware that although investing in a Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen CFD long would be hoping to profit from the share price of Standard Life Aberdeen rising. A Standard Life Aberdeen CFD short would be that you believe the share price of Standard Life Aberdeen 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 Standard Life Aberdeen shares you can only profit from a rise in the Standard Life Aberdeen stock price.
Stock Market Times For Trading Standard Life Aberdeen Stock & CFD’s
If you are buying ordinary Standard Life Aberdeen stock then your trades are limited to when the stock exchange is open if you are trading Standard Life Aberdeen CFD’s then you have a 24/7 access to the market 🙂
How To Buy Standard Life Aberdeen Stock With An Online Broker
Buying Standard Life Aberdeen 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 Standard Life Aberdeen stock. This means that your risk is limited to your initial investment into Standard Life Aberdeen. You can only lose what you put into Standard Life Aberdeen shares. Another benefit of buying Standard Life Aberdeen stock with an online broker is that you may be eligible to receive Standard Life Aberdeen dividends.
If you invest into Standard Life Aberdeen via a CFD, you have no privileges as a shareholder as you don’t actually own the underlying shares. If you buy Standard Life Aberdeen shares through a CFD however, the returns (or losses) can be much greater.
If you own shares in Standard Life Aberdeen you may be eligible to voting rights at Standard Life Aberdeen shareholder general meetings.
What Are The Tax Rules Around Owning Standard Life Aberdeen Stock?
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 Standard Life Aberdeen stock through a CFD, then losses can normally be offset against profits when you submit your tax return.
Generally, Investment in Standard Life Aberdeen shares are only exempt from tax if the Standard Life Aberdeen shares is bought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pension ).
Should I Trade Standard Life Aberdeen Stock or Standard Life Aberdeen CFDs?
There are pro’s and cons to both Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen CFDs is best suited for intra day and mid term traders. With intra day trading on Standard Life Aberdeen, you would be aiming to make profits on the fluctuating highs and lows of the Standard Life Aberdeen stock price throughout the day. Known as “Day Trading”, it focuses on profiting on the daily price change of Standard Life Aberdeen.
With CFD trading you can short or long a Standard Life Aberdeen 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 Standard Life Aberdeen share price.
Both strategies have different risks and benefits and, as mentioned, it is down to you to decide which one is right for you.
Example Cost Of Buying Standard Life Aberdeen 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 share deals differ from broker to broker so check you are aware of the actual costs with your brokers.
| Standard Life Aberdeen CFD trade example | Standard Life Aberdeen share 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 Standard Life Aberdeen CFDs now with XTB
|
Trade Standard Life Aberdeen Shares now with IC Markets
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Our brokerage comparison table below allows you to compare the features for the leading online brokers offering Standard Life Aberdeen stock and CFDs
When we were searching for the top online brokers that offer the ability to trade Standard Life Aberdeen shares, we compared all the important factors to help you make an informed choice.
- The minimum deposit to open an account.
- Available funding methods for Standard Life Aberdeen 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 Standard Life Aberdeen brokerage offers Micro, Standard, VIP and Islamic accounts.
How To Buy Standard Life Aberdeen Shares Explained
Trading in the financial sectors with Standard Life Aberdeen Brokers when conditions are volatile can be difficult, even for highly 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 professional 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 Standard Life Aberdeen brokers is what platforms does that Standard Life Aberdeen broker offer.
You should always choose a Standard Life Aberdeen broker that has leading technology and innovation processes.
To have the greatest chance of success you will need a Standard Life Aberdeen broker you can trust and rely on.
7 Factors to Consider when Selecting a Standard Life Aberdeen Broker
Follow these seven rules for selecting a Standard Life Aberdeen broker that’s right for you.
Is Your Standard Life Aberdeen Broker Trusted And Established?
Choose a broker that has an excellent track record in the financial markets to make sure you have the bases covered when beginning to trade online.
One of the best Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen Brokers World Leading?
Try to choose an online Standard Life Aberdeen 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 solutions 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 Standard Life Aberdeen Brokers is XTB.
XTB also segregates clients funds and offers over 1,500 instruments for trading.
What are the Commissions and Fees For Standard Life Aberdeen 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 Standard Life Aberdeen online brokers.
Currently, the best-rated Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen Brokers?
When working with Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen 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 Standard Life Aberdeen brokers normally include Phone, Email and Live Chat customer support.
Choosing a top Standard Life Aberdeen 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 Standard Life Aberdeen Broker Offer Comprehensive Trader Resources?
Any top online Standard Life Aberdeen 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 Standard Life Aberdeen Brokers Need To Be Regulated?
Because a regulated Standard Life Aberdeen broker lowers your exposure.
Broker regulation is there to protect individuals. If you use an unregulated broker then it will lead to very poor services and potentially financial harm or even fraud.
Standard Life Aberdeen 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 Standard Life Aberdeen Shares – Frequently Asked Questions
How Can I Buy Stock In Standard Life Aberdeen?
The following is an overview of the process to buy Standard Life Aberdeen stock.
- Decide how you want to trade in Standard Life Aberdeen. Do you want to to trade in Standard Life Aberdeen CFDs or Standard Life Aberdeen Stock.
- Register with a leading Standard Life Aberdeen 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 Standard Life Aberdeen are IC Markets and XTB).
- Do some detailed research on Standard Life Aberdeen financial reports. (IC Markets and XTB both provide research tools and resources).
- Finalise your budget and decide how many Standard Life Aberdeen shares you want to buy.
- Buy or Sell your Standard Life Aberdeen shares with your chosen broker by placing an order.
Can I Buy Standard Life Aberdeen Stock Directly From Them?
You cannot buy Standard Life Aberdeen shares directly from Standard Life Aberdeen. Stock in Standard Life Aberdeen must be purchased through a stock brokerage firm.
You can buy Standard Life Aberdeen shares with a stock broker like IC Markets or you can trade Standard Life Aberdeen stock via CFD share trading with a broker like XTB.
How Much Does It Cost To Buy Standard Life Aberdeen Stock?
All the numbers in this article are for illustration purposes only. To get the latest Standard Life Aberdeen share price, either Google it or sign up with IC Markets or XTB.
What Is The Minimum Required Investment For Standard Life Aberdeen?
The minimum investment to buy stock in Standard Life Aberdeen would depend on the current share price of Standard Life Aberdeen and the costs associated with the stock or CFD broker your decide to trade with.
The price of a Standard Life Aberdeen 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 Standard Life Aberdeen stock. You can buy Standard Life Aberdeen shares with a stock broker like IC Markets or you can trade Standard Life Aberdeen 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.