How to buy Etsy (ETSY) shares from Singapore

By   |   Updated 4 Oct 2023

Etsy Inc (NASDAQ: ETSY) is an American e-commerce platform offering handmade or vintage items and craft supplies. Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

This guide will take you step-by-step through buying shares in Etsy from Singapore.

About the company

Etsy overview

Etsy made its stock market debut in 2015 with an IPO of US$16 per share. It is listed under the consumer services sector in the Catalog/Specialty Distribution industry.

Etsy products cover a wide range of categories including art, bags, clothing, furniture, home décor, jewelry and toys as well as craft supplies and tools. Etsy requires all vintage items to be at least 20 years old. The company has three primary revenue streams: marketplace revenues (fees for sales and listings), seller service revenues, and other revenues such as third-party payment processor fees.

Etsy performed well during the pandemic with an initial surge for (often hand-made) face masks. This was followed by an increase in demand for gifts, recreation tools, and pet supplies, proof that its popularity is likely to continue beyond the pandemic.

Unsure about what trading platform to use?

Where to buy Etsy shares

Moomoo

On website

Highlights

  • Trade blue-chip stocks in the US, HK, and SG markets.
  • Moomoo is the first global digital brokerage to offer a $0 platform fee, $0 data fee, and lifetime $0 commission for US stocks, trade with no fees in Singapore
  • Earn up to 5.8% interest rate through Moomoo Cash Plus account.
IG

On website

IG

Highlights

  • IG allows you to invest in 17,000+ markets worldwide.
  • Commission at just 0.1% (min S$10) on Singapore share CFDs.
  • No deposit fee when you fund your account using bank transfers, FAST and PayNow.
  • Get access to advanced trading tools and educational resources.
Tiger Brokers

On website

Highlights

  • Supports U.S. equities, H.K. equities, ETFs, options, and futures as well as margin trading for investors.
  • Enjoy some of the most competitive commission fees in the market here at Tiger Brokers to add value to your investing journey.
  • Holds a Capital Markets Services Licence under the Securities and Futures Act issued by the Monetary Authority of Singapore (MAS).
Webull

On website

Webull

Highlights

  • Get up to USD 3000 cash vouchers and earn 5.4% p.a. when you signup, fund your account and trade with Webull. Terms and Conditions apply.
  • Trade US stocks, ETF, and Options with $0 commission, $0 platform fee, and $0 membership fee.
  • Trade HK stocks with $0 commission, $0 platform fee, and $0 membership fee.
  • Provides intuitive and powerful advanced charts, multiple technical indicators, and premier Level 2 Advance (Nasdaq TotalView).

Pros

  • Easy to use mobile app.
  • Get started with just $1.
  • Allows you to trade fractional shares.
  • Access to advanced trading tools.

Cons

  • Scarcity of instructional resources for investors.
  • Supports HK and US markets only.
Pepperstone CFD

On website

80.9% of retail investor accounts lose money when trading CFDs

Pepperstone CFD

Highlights

  • Razor sharp pricing from multiple Tier 1 banks with consistently competitive spreads.
  • Low forex, no deposit & withdrawal fee, and no inactivity fee.
  • Regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB.

Compare share trading platforms with Finty. Make a more informed decision before opening your account.

First time buying?

How to buy Etsy shares

Step 1: Select a broker

Find an online broker that allows you to access the US markets. There are many options that you can access from Singapore. Next, consider the features that you want from a broker. These are some of the most important.

Commission-free brokerage

This feature is offered by many platforms that offer access to stock markets in the USA. You can save money on share trading by not paying commissions.

Fractional share investment

Fractional share investment means that you can buy a portion of a share, rather than the entire thing. This is something you might consider because Etsy shares can be expensive.

Well-designed trading interface

It doesn't have to be difficult to trade shares. Make sure you choose a platform that is easy to use. New investors can benefit from educational guides and the ability to open a demo account.

Research and analysis

A platform with a strong research and reporting section will provide you with important information about Etsy such as a company overview, price history and recommendations, and forecasts.

Step 2: Fund your account

To buy Etsy shares, you will need to fund the account. Keep in mind that your funds may take some time to clear and that you won’t be able to trade until they do.

Step 3: Set a budget

It might be a good idea to start with fractional shares as a first step. You can also make a profit regardless of shares dropping, as you can buy in at the average share price.

Step 4: Decide whether to buy shares or invest in an ETF

An ETF is a more diversified way to invest compared to investing your budget in a single company. Should you wish to invest in Etsy via an ETF, you have a range of options for exposure including iShares Core S&P 500 ETF (IVV), ProShares Ultra Technology (ROM), and Global X E-commerce ETF (EBIZ).

Step 5: Set up an order

You can choose from a variety of order types to customise when and how much you want to buy each share.

Market order

Market orders are orders that can be purchased or sold at the current market price. However, the price that you are looking for may not match the one you receive. You may order Etsy shares at US$210, but their price may drop to US$207 or rise to US$215 by the time the trade is executed.

Limit order

Execution-only orders for buy limit orders are executed at the price quoted or less. You may wish to buy Etsy shares at US$215 per share. You can submit a limit order for this amount. It will only be fulfilled if the Etsy share prices fall below US$215.

Stop limit

This type of order allows you to sell your shares at a certain price if the share price starts dropping. Let's suppose you want to sell your Etsy shares if the price falls to US$212 per share. Your stop limit order is executed if the shares drop to this price.

Stop loss

Another mechanism aimed at preventing you from taking a hit on your shares if the price drops. You nominate a price at which you want to sell your Etsy shares, for example, US$214 per share. Your stop-loss order will be executed if the price falls to that level but your order will be filled at the next available market price.

Step 6: Place your order

After you've chosen a broker and decided how you want to invest, you can place your order through that broker.

After you buy

What moves Etsy's share price

You should follow up your share investment by watching movements in share prices and following the company’s performance. Here's how you can do that:

Track how Etsy’s share price moves and company performance

This is important regardless of whether you are buying shares with a speculative motive or holding them long-term.

Watch for moves by Etsy’s competitors

For companies like Etsy, it is equally important to watch what happens in their industry and sector. How are larger players moving and what strategies are they employing to sharpen their competitive edge? What steps and measures are other, smaller competitors taking?

In the creative entrepreneur field, Etsy alternatives (competitors) include Shopify (NYSE: SHOP), Amazon (NASDAQ: AMZN), eBay (NASDAQ: EBAY), Big Cartel, Zibbet, Handmade at Bonanza, IndieMade, Aftcra and Storenvy. For other items, its competitors include Alibaba (NASDAQ: BABA) and Flipkart.

Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.