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How to Buy ABB Stock [2024] | Step-by-Step

How to Buy ABB Stock [2024] | Step-by-Step
Bogdan Stojkov

Summary: ABB (OTC: ABBNY) is a multinational corporation specializing in robotics, power, and automation technologies. The most convenient way to buy ABB stock is through a reputable brokerage platform like eToro.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About ABB

ABB Group homepage. Source: global.abb/group/en

ABB Ltd. is a global leader in electrification products, industrial automation, power grids, and robotics. With a history dating back to the late 19th century, the company has established itself as a key player in advancing technologies that power industries worldwide, attracting more and more investors with each passing year.

ABB IPO

An initial public offering (IPO) is the process through which a private company becomes publicly traded by offering its shares to the general public.

ABB went through its IPO in 1999, making its shares available for purchase on various stock exchanges. Investors based outside Europe can purchase ABB stock on the over-the-counter (OTC) market by searching for the ABBNY stock symbol.

How to buy ABB stock: Step-by-step

Investing in stocks involves several steps, and the process of buying ABB stock is no exception. So, let’s break it down into simple, actionable steps.

Step 1: Choose the right broker

The first step in buying ABB stock is selecting a reputable and user-friendly online brokerage platform. For those unaware, a brokerage account is your gateway to the stock market. In this case, our go-to broker is eToro, a widely popular platform with over 30 million registered accounts worldwide. It also offers a host of solid features, such as:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Step 2: Fund your account

Once you’ve chosen a broker, you’ll need to fund your brokerage account. This involves transferring money from your bank account to your brokerage account. Luckily, most brokers offer various funding options, including bank transfers, wire transfers, and electronic funds transfer (EFT).

Be aware of any fees associated with transferring funds, and make sure your account has sufficient funds to cover your desired investment.

Step 3: Place your order

With a funded brokerage account, you’re ready to place your order for ABB stock. To do so, you can simply follow these steps:

  • Log in to your brokerage account;
  • Search for ABB’s stock symbol ABBNY;
  • Click on the stock to view its details;
  • Choose the type of order you want to place (market order, limit order, etc.);
  • Enter the number of shares you want to buy;
  • Review your order and confirm.

After confirming your order, the broker will execute the trade on your behalf, and you’ll become a shareholder of ABB.


For more investment opportunities in the robotics sector, you can check out our guides on:

ABB stock price today

Pros and cons of buying ABB stock

Before making any investment, it’s crucial to consider the potential advantages and disadvantages. Therefore, let’s explore the pros and cons of buying ABB stock.

Pros

Pros

  • Global presence: ABB operates in various countries, providing exposure to diverse markets;
  • Innovation: ABB is known for its commitment to technological advancements, making it a player in the future of automation and electrification;
  • Dividend payments: ABB has a history of paying dividends, offering potential income for investors.
Cons

Cons

  • Market risks: Like any stock, ABB is subject to market fluctuations and economic conditions;
  • Competition: ABB faces competition in its industry, which could impact its market share and profitability;
  • Industry-specific challenges: Factors like changes in regulations or technological disruptions could affect ABB’s performance.

If you’re interested in the top robotics companies to invest in, feel free to check out our other guides on:

Common mistakes to avoid when buying stocks

Avoiding common mistakes is crucial for successful investing. As such, here are some pitfalls to be aware of:

  • Lack of research: Failing to research ABB and its industry can lead to uninformed investment decisions;
  • Emotional trading: Letting emotions drive investment decisions rather than sticking to a well-thought-out strategy;
  • Ignoring fees: Overlooking transaction fees and other costs associated with buying and selling stocks can impact your returns.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy ABB stock

Can I buy ABB stock directly from the company?

No, you can’t buy ABB stock directly from the company. You can, instead, register an account with a reputable brokerage platform like eToro, that has access to the over-the-counter (OTC) market.

What is ABB's stock symbol?

On the OTC market, ABB is listed under the stock symbol ABBNY.

How often does ABB pay dividends?

ABB typically pays dividends every quarter, but dividend policies can change, so it’s advisable to check the company’s latest dividend information.

Can I buy fractional shares of ABB stock?

Some brokerage platforms allow you to buy fractional shares, making it possible to invest in ABB with smaller amounts of money.

Why was ABB delisted from the NYSE?

ABB intended to simplify and enhance internal efficiency by reducing the number of listings. Despite this change, the company remains fully committed to maintaining open and frequent communication with US investors by being available for investing on the OTC market.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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