Buy Signify Stock with eToro
Buy Signify Stock with eToro

Listed at Euronext in Amsterdam (Stock Symbol: LIGHT)

How to Open a Trading Account to Invest in Signify (Philips Lightning) Shares

Opening an investment account with an Online Broker is a process that is completed online and requires:

  1. First, choose the broker that best fits you. Here, we present eToro as the main choice.

  2. Upload an ID and a proof of address (electricity, water bills, etc.), through the Broker's App or via email.

  3. 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.

  4. 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.

  5. Upon the capital is credited into your credited account, you may now buy the Stock.

Is it easy to invest in Signify 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 Signify, you have to:

  1. open a trading account as explained before,

  2. deposit money,

  3. Search for "Signify" on the Broker's Trading platform, and

  4. press the "Buy" button.

And, done, you are officially investing in the co's shares.

About Signify

Signify NV, formerly Philips Lighting is an Eindhoven-based company that claims to be the world's leading lighting business. The group's rebranding was completed in 2018, but the Philips brand lives on its consumer and professional lighting unit. Signify comprises four units – lamps, LED lamps and lighting; lighting systems and services for business customers; and Home, which offers 'consumer luminaries'; and home systems. Several brands nestle under those four central business units, including Philips, Modular-Lighting Instruments, which creates architectural lighting, high-end consumer lighting brand, Luceplan and interact, and Signify's lighting systems' IoT platform. Signify has been listed on Amsterdam's Euronext Stock Exchange since 2016, having been spun off from Royal Philips, the 1891-founded conglomerate that is one of the world's biggest electronics companies. Signify is also a constituent of the AMX index and the Dow Jones Sustainability index.

The company is a leader in developing energy-efficient lighting technology and the use of IoT-informed data for the more efficient management of lighting energy consumption. Signify claims to have connected over 47 million light points internationally across its brands and units.

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