Listed at Euronext in Amsterdam (Stock Symbol: ABN)
How to Open a Trading Account to Invest in ABN AMRO 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 ABN AMRO 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 ABN AMRO, you have to:
open a trading account as explained before,
Search for "ABN" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in the co's shares.
About ABN AMRO
Founded in 2009 as the result of a merger and privatisation measure by the Dutch government, ABN AMRO Group NV is a banking and financial services group located in Amsterdam. The group consists of several subsidiaries: ABN AMRO Netherlands, ABN AMRO Private Banking, the International Diamond and Jewelry Group, and Fortis Bank Netherlands. The primary reasoning behind the formation of the group was the 2007 financial crisis. After nationalising the group, the Dutch government slowly began to divest its shares in preparation for a 2011 IPO. ABN AMRO Group NV, traded as ABN.NV on the Euronext, was able to raise almost $5 billion in its initial public offering. Shares were sold at €17.75 euros each, giving the company a valuation of €16.7 billion. Similar to many other financial institutions, ABN AMRO Group NV was not immune to the infamous Bernie Madoff scandal. The group posted a loss of €1 billion as the result of the fraud, due to loans from its subsidiary Prime Fund Solutions. After the revelation of the dastardly deed, the Dutch government was considering legal action to recoup some of the losses on behalf of ABN AMRO Group NV.