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How to Buy Nokia Stock

Looking to buy Nokia stock, but not sure where to start? Read our guide on how to buy Nokia shares today.
Kane Pepi
Author: Kane Pepi
Last Updated: May 14, 2020

Like most of us, it’s likely that at some point in your life you have owned a Nokia mobile phone. Unfortunately, the company is now just a shadow of its former self, with Samsung and Apple dominating the space by some distance. With that said, not only is Nokia still involved in telecommunications via its 5g venture, but it has vested interests in other sectors, like consumer electronics and information technology.

In this article, we explain how you can buy Nokia stock from the comfort of your home. We also give you a handy step-by-step guide on how to make the purchase, as well as the top two brokers to do this with.

On this Page:

    How to Buy Nokia Stock in 3 Quick Steps

    Don’t have time to read our guide in full? Below you’ll see three quick steps that you need to follow to buy Nokia stock right now.

    Step 1: Join an Online Broker

    eToro 5g stocks

    Choose a regulated broker that gives you access to the Stockholm Stock Exchange.

    Step 2: Deposit Funds

    Deposit funds with a debit/credit card, e-wallet, or bank account.

    Step 3: Buy Nokia stocks

    Nokia Logo

    Search for ‘Nokia,’ choose how many shares, and click ‘Buy.’

    Where to Buy Nokia Stock

    Although Nokia is a global company with a multi-billion dollar valuation, it is actually listed on the Stockholm Stock Exchange. This means that you will need to find an online broker that gives you access to Sweden-based companies. With that in mind, below you will find our top two-rated stock trading platforms that allow you to buy Nokia stock.

    1. eToro – Best Stock Broker for Worldwide Customers

    eToro is an online stock broker that gives you access to more than 800 shares. Not only does this cover major markets in the US, UK, and Japan - but Sweden, too. As such, you can buy Nokia stock at the click of a button. What we really like about eToro is that it is one of few online brokers that offers commission-free stock trading.

    This means that the only fee you will end up paying is the spread. In terms of regulation, eToro is licensed by the FCA (UK), CySEC (Cyprus), and ASIC (Australia). This ensures that you are able to buy, sell, and trade stocks in a safe environment. If you do like the sound of buying Nokia stock through eToro, it takes just minutes to open an account.

    Simply provide some personal information, upload a copy of your government-issued ID, and deposit a minimum of $200. You can do this with a range of payment methods, including a debit/credit card, bank account, or e-wallet. You won't need to pay anything to get funds into the broker, although a $5 withdrawal fee does apply.

    You can cash out your profits as and when you see fit, as long as you meet the $30 minimum withdrawal threshold. Finally, if you're also planning to invest in other stocks, eToro offers a Copy Trading feature that allows you to automate your investments. You simply need to choose an investor that you like the look of, and you'll be able to mirror their portfolio like-for-like.

    Our Rating

    • Catered to newbie traders
    • 0% commission on ETFs and stocks
    • Supports heaps of everyday payment methods
    • Minimum withdrawal of $50
    • High spreads
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    75% of investors lose money when trading CFDs

    2. Plus500 – CFD Broker to Trade Nokia Stock

    While the easiest way to buy Nokia stock is through eToro, it's worth considering Plus500 if you are looking to engage in short-term trading. This is because the broker is a specialist CFD platform, so you'll get to place more sophisticated trades. For example, you can apply leverage of up to 5:1 when trading Nokia stocks, meaning a $1,000 balance would allow you to invest up to $5,000.

    You will also have the option of going short on Nokia, meaning you are speculating that the value of the company will go down. The only chink in the armour with CFDs is that you will not be entitled to any Nokia dividends, as you do not own the underlying asset.

    If you are interested in trading stock CFDs at Plus500, you can get started with a minimum deposit of just $100. The platform accepts payments via a debit/credit card, Paypal, and a bank wire. No deposit or withdrawal fees apply. Much like eToro, Plus500 does not charge any trading commissions, so once again it is just the spread that you will pay.

    However, if you trade Nokia stocks on leverage, or you decide to short-sell the company, overnight financing fees will apply. We should also note that Plus500 has an excellent reputation in the online brokerage arena. Not only is its parent company listed on the London Stock Exchange, but it holds multiple regulatory licenses.

    Our Rating

    • Fast order execution
    • No commissions
    • Tight spreads
    • Stocks only available via CFDs
    • Its educational resources are sparse
    76.4% of retail investor accounts lose money when trading CFDs

    How to Buy Nokia Stock from eToro

    Most of you will be here reading this because you want to buy Nokia stock in the cheapest, safest, and easiest manner. With that in mind, we are now going to show you how you can get your hands on Nokia shares with our top-rated broker eToro. If you decide to use an alternative broker, the steps below remain largely the same.

    Note: Before you can buy Nokia stock at eToro you will need to go through the account opening process. You will also need to fund your account with at least $200. 

    Step 1: Search for Nokia Stock

    At the top of the page, you will see a search box. Enter ‘Nokia’ and click on the corresponding result.

    Step 2: Click on ‘Trade’

    To go straight to the Nokia trading page click on the blue ‘Trade’ button.

    Step 3: Set-Up Order and Buy Nokie Stock

    You will now need to set up a market order. We will assume that you want to invest in Nokia because you think the value of the company will increase. If this is the case, make sure the order is set at a ‘buy order’. If it’s marked as a ‘sell order’, this means that you are speculating on the value of Nokia stock going down!

    You will also need to enter the following information:

    • Amount: This is the amount that you wish to invest in Nokia stock in US dollars. You can buy as little as $25 with eToro.
    • Set Rate: It’s best to leave this set as a ‘market order’, as the broker will simply execute your trade at the next available price.
    • Stop Loss: If you want to mitigate your losses by selling your Nokia stocks when they hit a certain price, set up a stop-loss order.
    • Take Profit: If you want to lock-in a profit target, set up a take-profit order.

    Finally, click on ‘Buy’ to complete your Nokia stock order.

    Why Invest in Nokia?

    Still not sure whether Nokia is the right investment for your long-term stock trading goals? Although the company is worth just a fraction of its former glory, there are still a number of positive to take into account.

    Primed to Capitalize on the Lucrative 5g Market

    There can be no denying that 5g telecommunication is going to play a significant role in the future of remote data. With that said, you might be surprised to learn that Nokia is heavily vested in the space, but not from the perspective of its mobile phone division. On the contrary, Nokia is at the forefront of network equipment that is required to power the 5g infrastructure.

    When you consider that global sales of 5g kits are projected to surpass $4 billion this year, Nokia stands the chance to play a leading role. We should, however, also note that the company faces fierce competition from the likes of Huawei and Ericsson in the global arms race for 5g development, so do bear this in mind.

    Pekka Lundmark Will be Returning to the Helm

    Nokia stockholders have been somewhat disgruntled with the strategy employed by current CEO Rajeev Suri over the past few years. As a result, it was recently announced that Suri would be stepping down from his position in September of this year.

    In news that was well received by the markets, former CEO Pekka Lundmark will be returning to the helm. Lundmark was behind much of the company’s success in the 1990s, so his appointment is welcome news for shareholders.

    New Partnerships Continue to Develop

    Nokia has announced a number of new partnerships in recent months, with the likes of Intel and Marvell looking to help accelerate the company’s 5g journey. An additional partnership with Elenion was also announced in Q1 2020, so expect to see further collaborations in the coming months.

    Cost-Cutting at the Forefront of Nokia’s Short-Term Strategy

    As lucrative as the 5g marketplace might one day be for Nokia, there is no getting away from the fact that the venture is bleeding cash reserves. With management looking to free some much-needed capital up, a number of cost-cutting exercises are in the making.

    This became evident in Q4 2019 when Nokia announced that it would be temporarily suspending dividend payments. We are yet to get clarity on when dividends will return. Similarly, Nokia also announced that it will be looking to shrink its global workforce, which again, should help reduce its pressures on cash flow.

    About Nokia Stock

    Company and Stock history

    Launched way back in 1865, Nokia is a telecommunications company based in Finland. It wasn’t until the 1990s when Nokia became a house-hold name in the mobile phone space, where it enjoyed tremendous success well into the early 2000s. However, Nokia is now a shadow of its former self, at least in the mobile device arena. This is because the company failed to recognize the ever-growing threat from smartphone manufacturers like Apple, Samsung, and even Blackberry.

    To put Nokia’s rise and fall into perspective, the company hit an all-time high in 2007 at just under 27 EUR per share. And today? Well, in Q2 2020 the same shares remain stagnant between the 3-4 EUR range. This amounts to a stock price downfall in excess of 85%. With that being said, it’s not all doom and gloom for the company, as Nokia has since diversified into other markets.

    This includes everything from software, digital health services, and the internet of things (IoT). However, at the forefront of Nokia’s potential return to the big stage is that of its exposure to the 5g phenomenon. The company has invested vast resources in the development of network equipment kits that are required to function the underlying infrastructure.

    If the company makes a success of this, it could lead to a much brighter future – at least in relation to its current stock price. On the flip side, it is somewhat disappointing that Nokia decided to suspend dividends in late 2019. While we appreciate that this was part of a much wider cost-cutting exercise, this does mean that you will be missing out on quarterly income.

    Should I Buy Nokia Stock?

    Analysts are split on whether or not Nokia represents a good long-term buy. In terms of its positives, it is notable that the company is now diversifying into a number of different sectors. This at the very least is allowing Nokia to move away from its failing mobile device division. Overall, much of the hope is on the company’s ambitious aim to play a major role in the 5g development arena.

    If it does manage to fend off competition from the likes of Ericsson and Huawei, this is likely to have a major impact on the company’s long-term stock price. With that being said, although there is no guarantee that Nokia will win the 5g arms race – its chances have increased massively in recent times with the negative news surrounding Chinese-backed Huawei.

    All in all, if you do decide to add Nokia to your stock portfolio, we would suggest using our top-rated broker eToro. Not only does it take minutes to open an account and deposit funds, but you’ll be able to buy Nokia stock without paying any commission.

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    Disclaimer eToro: 75% of investors lose money when trading CFDs.


    How does Nokia make money?

    As of Q2 2020, Nokia still relies on two main streams of revenues. Firstly, the company has a major presence in the mobile network infrastructure space, which also includes supplying applications and software platforms. Secondly, the company licenses the Nokia brand name to a number of third-party products and services.

    Does Nokia pay dividends?

    Up until late 2019, Nokia had a long-standing track record of paying quarterly dividends. However, the company has since suspended its dividend policy to help free up some much-needed cash flow. No announcement has been made yet as to when dividends will resume.

    Which stock market are Nokia stocks listed on

    Nokia is listed on the Stockholm Stock Exchange, meaning you will need to find an online broker that gives you access to Finland-based companies.

    What is Nokia's all-time high stock price?

    Nokia last hit its all-time high stock price in 2007, where its shares were valued at just under 27 EUR. As of early 2020, the very same stocks are stuck within the 3-4 EUR range.

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    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
    Kane Pepi

    Kane holds academic qualifications in the finance and financial investigation fields. With a passion for all-things finance, he currently writes for a number of online publications.

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