Being the largest oil company in T&T, many readers ask us how to trade bp's shares. The first thing to know is that the company trades at the London Stock Exchange under the symbol "bp". Unfortunately, the company didn't issue shares at the TT Stock Exchange, so you have to open a trading account with a foreign broker to buy bp stock.
How to Open a Trading Account to Invest in How to Buy BP Shares from Trinidad
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 primary 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 correct base currency of the account. With some brokers, changing it once you open the account can be painful. Trading Accounts are available on 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. Since trading at the London Stock Exchange, bp is quoted in GBP.
Once the Broker has approved the account, 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 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 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 bp stock.
Offshore platform
Once the Account is Open, Is it easy to invest in BP Shares?
Online Brokers allow investing in Shares straightforwardly through optimized apps that grant easy and fast access to financial markets. 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. To buy shares of bp, you have to:
open a trading account as explained before,
deposit money,
Search for "bp" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in bp's shares.
About bp in T&T
With 15 offshore production platforms, bp is the country’s largest hydrocarbon producer, accounting for more than half of the nation’s gas production (The local entity is BPTT).
bp holds exploration and production licenses covering 904,000 acres and has 15 offshore platforms and two onshore processing facilities.
