Summary: Unfortunately there is no stock investing feature currently available on the Bank of Austria platform. Although you can see live prices of multiple securities including commodities and indices, you cannot actually invest in any assets listed. Not to worry, there are secure alternative methods to buying stocks with a Bank of Austria account.
Users can simply send funds from their bank to a regulated and licensed brokerage platform. Once you send your funds to a broker, you can invest in stocks and other assets directly on that platform. The best stock trading platform to use in Austria is the eToro Europe exchange. It offers multiple assets including Stocks, ETFs, Indices, Commodities, Forex and Cryptocurrencies.
Can I buy Stocks on Bank of Austria?
No, it is not possible to purchase stocks on the Bank of Austria platform. Although, they have announced of future plans to add a share-investing feature. However, they do offer a feature that allows users to look at live markets of multiple asset classes including commodities and indices.
If you want to buy stocks with a Bank of Austria account you will need to use a secure CySEC-regulated broker. The best place to buy stocks in Austria is through eToro Europe. eToro is a multi-asset investing and trading platform with unique features like Copy Trading, which allows you to mimic the trades of successful eToro users.
How to buy Stocks and ETFs with Bank of Austria
The best and safest way to buy stocks with a Bank of Austria account is by going through the eToro platform. Bank of Austria account holders can deposit funds via Credit/Debit Card, Trustly, Klarna, Bank Transfer, Skrill, Neteller, Rapid Transfer & PayPal. Follow the below steps to get started.
- Sign up to eToro and complete the onboarding process by verifying your identity.
- Click 'Deposit Funds', pick a method and send EUR from Bank of Austria.
- Search for the stock you want to buy and click the 'Trade' button.
- Enter the amount you want to invest and tap the 'Set Order' button.
About Bank of Austria
The Bank of Austria the leading banking institution in Austria and is part of UniCredit, a pan-European banking group. The Bank of Austria offers a full range of banking and financial services to both retail and corporate customers. It has a strong presence in both the Austrian and international markets.
It was founded in 1922 and is headquartered in Vienna and has branches throughout the country. It also has a number of subsidiaries, including Bank Austria Creditanstalt (BACA), which is one of the largest banks in Central and Eastern Europe. The Bank of Austria Group employs around 18,000 people and has assets of over EUR 200 billion.
What are the fees to buying stocks in Austria?
When you use the eToro platform to buy stocks, the fees are practically non-existent. This is because the exchange doesn't charge fees to deposit funds from Bank of Austria to eToro and they offer brokerage-free trading. Meaning you don't have to pay fees when buying stocks. To learn more about eToros fees, we recommend visiting its Fees Schedule.