How to Buy Toyota Stock [2024]

Summary: Toyota is a renowned Japanese automotive brand with a strong global presence in the industry. To buy Toyota stock, investors can open an account on an online stock trading platform such as eToro.

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Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

About Toyota

Toyota Motor Corporation (NYSE: TM) is a prominent Japanese automobile manufacturer established by Kiichiro Toyoda in 1937. Headquartered in Toyota City, Japan, the company has become one of the world’s largest automobile manufacturers, producing approximately 10 million vehicles annually. 

How to buy Toyota stock: Step-by-step

Toyota has been publicly traded since 1949, and its stock is listed on a number of stock exchanges, including the New York Stock Exchange (NYSE), where it trades as TM, and the London Stock Exchange (LSE), where it is traded as TYT.

To buy Toyota stock, you can take the following steps:

1. Find a broker: Find an online broker that lists the Toyota stock. Our recommended broker is eToro;
2. Register and fund your account: Register a brokerage account and fund it;
3. Place a trade: Navigate the broker’s platform to find the Toyota stock and then place a trade;
4. Monitor your investment.

Step 1: Find a broker

To invest in Toyota, you need a trading account at a reputable and licensed stock brokerage.

Our go-to broker for Toyota stock is eToro, a reputable trading platform with millions of active daily users and an array of useful trading features, including:

• Commission-free stock and ETF trading;
• Over 2,000 stocks from 17 different exchanges;
• Fractional shares;
• User-friendly platform.

When considering alternative brokerage platforms, it’s essential to factor in the following elements:

• Reputation and reliability: It’s critical to opt for a platform with a proven track record of stability and trustworthiness;

• Fees: Evaluate the fees and commissions associated with trades;

• Range of offerings: A high-quality online stock broker provides a diverse array of investment options, including exchange-traded funds (ETFs), options, stocks, etc.;

• Demo account options: Look for platforms that offer demo accounts to practice and acquaint yourself with the trading platform;

• Trading tools: Access to real-time quotes, advanced charting tools, and a user-friendly mobile app ensures you can stay well-informed and execute trades seamlessly;

• Support and security: Prompt and reliable customer support, coupled with robust security measures, is paramount.

Step 2: Register and fund your account

After selecting a broker, proceed with the registration and account verification process. Following registration, the pivotal next step involves transferring funds to your account. Reputable brokerage platforms provide several payment options, including:

• Bank Transfer;
• Credit/Debit Cards;
• Electronic Wallets (e-wallets);
• Wire Transfer;
• Cryptocurrency Deposits.

Step 3: Place a trade

With funds in your account, you can finally buy Toyota shares by following these simple steps:

• Go to your broker’s website;
• Locate the Toyota stock;
• Specify the number of shares you wish to buy or the dollar amount you wish to invest;
• Select your preferred order type (i.e., limit, stop-loss, etc.);
• Carefully review all the details;
• Execute the trade.

Step 4: Monitor your investment

Investing in the automobile industry can be risky, so active portfolio management is mandatory. That involves staying informed about industry trends, updating knowledge on specific companies, and employing diversification for risk management. 

Moreover, consider macroeconomic factors, adopt a long-term trading perspective, and stay abreast of financial news and analysis to make well-informed investment decisions and ensure you can adapt to market dynamics.

For similar investments, be sure you check out our guides on:

1. How to Buy Ford Stock;
2. How to buy Lamborghini stock;
3. How to buy Bentley stock;
4. How to buy Rimac stock;
5. How to buy Bugatti stock;
6. How to buy Nissan stock;
7. How to buy Kia stock.

Toyota stock price today

Pros and cons of buying Toyota stock

Pros

• Toyota has been increasing its vehicle production;
• The EV market is expected to grow, and Toyota is engaged in it;
• Toyota is a hybrid electric car leader;
• Dividends.

Cons

• Automobile manufacturers are known for their economic dependency;
• Toyota faces competition from other car manufacturers;
• The company has historically been known for debt problems, even becoming the world’s most indebted corporation.

How to invest in Toyota safely

Before investing in Toyota, be mindful of common mistakes investors make in order to optimize profit potential. One way to begin is by:

• Performing thorough financial research prior to making investment decisions;
• Steering clear of short-term thinking and avoiding decisions driven by temporary market trends and hype;
• Ensuring portfolio diversification across different stocks and sectors;
• Being prudent and relying on fundamental analysis to gauge investment opportunities;
• Maintaining a focus on long-term objectives.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Toyota stock

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD