Listed at Euronext in Amsterdam (Stock Symbol: PHIA)
How to Open a Trading Account to Invest in Philips' Shares
Opening an investment account with an Online Broker is a process that is completed online and requires:
First, choose the broker that best fits you. Here, we present eToro as the main choice.
Upload an ID and a proof of address (electricity, water bills, etc.), through the Broker's App or via email.
Whether you open it with eToro or with another broker, make sure to choose the right base currency of the account. With some brokers, changing it once you open the account can be painful. Trading Accounts may be based in US Dollars (USD), Euros (EUR), Pound Sterling (GBP), Swiss Franc (CHF), Australian Dollar (AUD) as the base currency. Practically all of them offer the option in US Dollars or Euros.
Once the account has been approved by the Broker, it's time to deposit cash. The depositing and withdrawing money methods are usually Credit Cards, Bank Transfers or eWallets (PayPal, PaySafe, Skrill, SafetyPay, Neteller, among many others). The available options to deposit funds will depend on each Broker. A vital fact to mention is that all of the Brokers presented above allow you to use a simulator on their platform, that is, they allow testing their Demo account, which is totally Free. In other words, you can open a Demo account, try the platform, and then decide whether to deposit money or not.
Upon the capital is credited into your credited account, you may now buy the Stock.
Is it easy to invest in Philips' Shares?
Online Brokers allow investing in Shares straightforwardly through optimized apps that grant easy and fast access to financial markets. In fact, most platforms resemble a social network or any other phone app: They are designed so that the investor can learn and start trading very quickly, without the need for much prior knowledge. Literally, to buy shares of Philips, you have to:
open a trading account as explained before,
Search for "Philips" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in the co's shares.
Founded in 1891, Philips, also known as Koninklijke Philips N.V., is a multinational conglomerate and one of the world’s most popular brands. Originating in Eindhoven and now based in Amsterdam, Philips was once a leading provider of electronic goods. It has since shifted its focus to healthcare and lighting, dropping the “electronics” from its name in 2013. It has been part-owner of the famous football team, PSV Eindhoven, since 1913.
Signify N.V., the lighting division of Philips, went public on the Euronext in 2018. The IPO helped Philips raise $800 million, with the company valued at around $3 billion. Philips stock, PHIA. N.V. is available on both the Euronext and the New York Stock Exchange.
Even though Philips has been a lightning of progress throughout its 120 years of history, all of its CEOs and CFO have been men. Also, it appears that historically all of the top executives were of Dutch descent. This lack of diversity is surprising, considering that Philips has employees in over 100 countries worldwide.