How to buy SPDR Portfolio High Yield Bond ETF
A Step-by-Step-Guide on how to buy SPDR Portfolio High Yield Bond (SPHY) ETF
Buy the ETF from SPDR Portfolio High Yield Bond in three easy steps!
Create a eToro account
Use the following button and make an account at eToro.
Provide an email address, take a username, and pick a secure, strong password.
The infrastructure and website of eToro is fast and secure, so you're personal data is safe.
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro USA LLC does not offer CFDs, only real Cryptocurrencies are available for US users.
Verify your identity
In order to buy SPDR Portfolio High Yield Bond, you have to provide your country, date of birth, name and phone number as well as extra support documents verifying your identity.
The supporting documents are a valid photo ID, like Driver license or Passport and sometimes also Proof of Residence Document like Credit card statement, Utility bill(water, electricity, gas, internet, phone), Insurance statement, Tax document or Residence certificate.
Such an verfication of identity is there to stop identity fraud or theft.
Begin purchasing SPDR Portfolio High Yield Bond by depositing fiat currencies, like USD or EUR
Funding your account with fiat currencies, like USD or EUR for exchanging can be done different ways, which includes domestic wire transfers, SWIFT and SEPA or debitcard.
The option you choose will be based on your location and preference.
Once your fiat currency hits your account, you will be able to buy ETF from SPDR Portfolio High Yield Bond (SPHY).
Alongside your account you’ll as well have access to charting tools, and 24-hour support.
Kudos! You have successfully bought SPDR Portfolio High Yield Bond (SPHY).
A couple more instructions for buying ETFs:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.