Listed at Euronext in Amsterdam (Stock Symbol: SBMO)
How to Open a Trading Account to Invest in SBM Offshore Shares
Opening an investment account with a stockbroker requires you to:
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 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 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 the Stock.
Is it easy to invest in SBM Offshore 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 SBM Offshore, you have to:
open a trading account as explained before,
deposit money,
Search for "SBM Offshore" on the Broker's Trading platform, and
press the "Buy" button.
And, done, you are officially investing in the co's shares.
How to buy SBM Offshore Shares
About SBM Offshore
SBM Offshore NV dates back to 1862 and is headquartered in Schiedam, the Netherlands. The company is focused on producing floating production solutions for the offshore energy industry, mainly through the design, supply, installation, operation and life extension of floating, storage and offloading (FPSO) vessels.
SBM Offshore has five execution centres located in Brazil, Houston, Kuala Lumpur, Monaco, and Schiedam. Group companies employ 4,350 people worldwide and an additional 400 people who work for the company's joint ventures.
The company's activities include three first-steel cuts, building its presence and developing its experience in China, and a positive step in pursuing the energy transition to renewables with ABS design approval for the company's wind floater.
