How to buy Snowflake IPO – A Handy Guide by Professionals

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Snowflake has completed its IPO on 15/09/2020 and as a result Snowflake shares were listed on NYSE

Snowflake is a cloud-based data-warehousing company.

The Snowflake IPO price was $120/share.

How to buy Snowflake IPO

We’ve collected the most recommended brokers that offer trades on the NYSE.

Interactive Brokers	Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.	Visit broker
Alpaca Trading	Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA:	Visit broker
TradeStation Global	TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA.	Visit broker
Zacks Trade	Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).	Visit broker
Saxo Bank	Saxo Bank is a Danish investment bank. It is regulated by several financial authorities globally, including the top-tier UK FCA.	Visit broker

How to buy Snowflake IPO

Let’s take a look at the fees for trading Snowflake shares at our five recommended brokers

You have to count with different kind of fees when you are trading with Snowflake shares.

Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade or $0.005/share.

Needless to say, these are different at each broker. Let’s see the fees of trading with Snowflake shares at our recommended brokers.

Snowflake stock fees
	Saxo Bank	Fusion Markets	CMC Markets	Interactive Brokers	Capital.com
EURUSD spread	0.8	0.0	0.7	0.1	0.6
GBPUSD spread	1.3	0.2	0.9	0.3	1.3
AUDUSD spread	0.8	0.0	0.7	0.1	0.6
EURCHF spread	1.4	0.6	2.5	0.4	2.2
EURGBP spread	1.4	0.3	1.1	0.2	1.5

How to buy Snowflake IPO

How to purchase Snowflake shares online?

Simply follow these five easy steps:

It may look tricky at first, but all you need to do is take it step-by-step.

If you’re still unsure, use our broker finder tool to discover the best online broker that suits your needs.

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