Listed at the Nasdaq Stockholm Exchange (Stock Symbol: ICA)
How to Open a Trading Account to Invest in How to Buy ICA 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 ICA 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 ICA, you have to:
open a trading account as explained before,
deposit money,
Search for "ICA" 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 ICA Shares
About ICA Gruppen AB
ICA Gruppen AB was founded in 1917 and is headquartered in Solna, Sweden. The retail group is focused on the food and health industries and owns several brands, including ICA Sweden, Rimi Baltic, Apotek Hjärtat, ICA Real Estate, ICA Bank, and Hemtex. In 2017 ICA Gruppen had net sales of around SEK 106.5 billion and 2,085 wholly-owned or retailer-owned stores and pharmacies.
