The healthcare industry is booming, especially with the advancing technology that has brought numerous benefits to consumers. With many companies earning good revenue, investors are looking for the best to invest in and hopefully make profits in the future. Owens & Minor is one of the top healthcare logistics companies on investors’ radar. The company has been able to expand and innovate to meet the evolving needs of consumers in the healthcare industry.
Below, we guide you on how to buy the shares of Owen & Minor using stock brokers. Ultimately, you should be able to learn more about the company and decide whether its shares are worth buying.
Top 3 Brokers for Buying OMI
Owens & Minor is headquartered in Virginia, the United States, with its shares listed on the NYSE under the ticker OMI. To buy this company’s shares, it is crucial to find a stock broker with access to the NYSE exchange. The best element about using stock brokers to invest in the shares of OMI is that you can also trade the asset as CFD or index.
We understand that finding the best stock broker in the UK to buy the shares of Owens & Minor is challenging. If you are a beginner, we recommend the top three below that our experts approve. Keep in mind that we have a team of researchers who go out of their way to thoroughly research the market so you can only have the best to choose from.
1. IG Markets
IG Markets has gained numerous positive reviews and testimonials from traders due to its superior services. For instance, the broker has an intuitive design platform that maximises users’ experience. It also hosts plenty of learning materials, including a social trading account that could help newbies improve their skill level. For professional traders, the broker supports advanced quality tools for their market analysis. You are also exposed to progressive platforms, including the MT4, ProRealTime, and L-2 Dealer, to choose from.
Besides offering the OMI stock, IG Markets lists additional 17,000+ international shares to choose from. It also allows you to trade over 80 indices, meaning you have plenty of options to choose from with the broker. However, it is unfortunate that IG Markets does not have access to the NYSE, meaning you can only trade Owens & Minor stock as CFDs or indices. Its minimum deposit requirement is also high (£300), and you will incur high fees for its services.
✔ Leading broker with low fees
- Plenty of learning and research materials to maximise your potential
- Over 17,000 international shares are listed to choose from
- Hosts a social trading platform for connecting with like-minded traders and sharing different ideas
- Features a trading app to install on your mobile device
- You can only trade the shares of Owens & Minor as CFD or index. No buying and taking full ownership of the asset
- High minimum deposit requirement and trading fees
| Type | Fee |
| Minimum account | £0 |
| Opening an account | £0 |
| Overnight funding | yes (depends on market) |
| Withdrawal fee | £0 |
| Inactivity fee | £12 per month after 2 years of inactivity |
| Advanced graphs (ProRealTime) | £30 per months |
2. eToro
Like IG Markets, eToro is another highly-rated stock broker with excellent features to enjoy. Besides being user-friendly, the broker hosts plenty of resources that can quickly boost newbies’ skills and help them become independent. eToro also offers social and copy trading platforms to connect with other traders and copy positions with increased profit potential. You can access the broker by depositing at least $100.
Fortunately, eToro has access to the NYSE, and you can use it to buy shares of Owens & Minor. Plus, the broker supports CFD and index trading and hosts additional international stocks and assets for portfolio diversification. Although the broker doesn’t charge a commission for share investing, its spreads can be relatively high for budget-conscious traders. Therefore, ensure you are fully familiar with the brokers’ features before taking a plunge.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Zero commission means that no broker fee will be charged when opening or closing the position and does not apply to short or leveraged positions. Other fees apply including FX fees on non-USD deposits and withdrawals. Your capital is at risk. For more information, click here.
✔Low minimum to fund an account and begin investing
- Low minimum deposit requirement of $100
- Zero commissions on OMI share investing
- Plenty of learning materials for newbies
- Features an award-winning social trading platform
- High spreads
- A £5 withdrawal fee applies
| Types | Fee |
| Minimum Deposit | $100 |
| Conversion Fee | depends on your payment method, currency, and eToro Club level. |
| Overnight Fee | vary according to the value and direction (BUY or SELL) of your position |
| Withdrawal Fee | all withdrawal requests are subject to a $5 USD fee |
| Inactivity Fee | monthly inactivity fee of $10 USD (charged after 12 months) |
3. Plus500
Plus500 has proven to be another viable option for traders looking for the best platform to trade the stock of Owens & Minor. It hosts excellent learning materials. Moreover, Plus500 has a low minimum deposit requirement of £100, making it easier for budget traders to start exploring the share market.
Plus500 is a CFD broker, and you cannot use it to buy the shares of OMI and take full ownership. Its services are commission-free, and you get to pay low spreads with zero transaction charges on deposits and withdrawals. Besides offering Owens & Minor shares, the broker features additional asset classes for portfolio diversification.
We hope that Plus500 will someday allow purchasing and taking ownership of OMI shares in the UK. Unlike some of its peers offering a plethora of assets, Plus500 has limited offerings. Its single proprietary platform also limits and inconveniences traders looking for advanced tools or features.
✔ Regulated in many countries
- Zero commissions with low spreads for CFD trading services
- Additional asset offerings, including forex, commodities, indices, cryptos, etc., for portfolio diversification
- Low minimum deposit requirement
- User-friendly and modern-design platform
- Its single proprietary platform may inconvenience professional traders looking for platforms with advanced features
- Limited asset offering compared to its peers
| Type | Fee |
| Overnight Funding | yes |
| Currency Conversion Fee | 0.7% |
| Guaranteed Stop Order | spread applies |
| Inactivity Fee | $10 per month |
| Withdrawls/Deposits | $0 |
Note: 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How to Buy OMI With IG Markets
Although you might have the best stock broker to buy OMI stock, understanding the procedures involved in making the purchase is paramount. If you are new to the stock market, note that you must start your investment journey by creating a trading or investment account with a broker. Below, we include the steps involved on how to buy OMI shares. Keep in mind that this process is the same when using all FCA-regulated brokers, and we only use IG Markets as an example.
You can easily access IG Markets via links shared on this page and create a trading account to buy OMI stock. Before signing up for a trading account, read and agree to IG Markets’ terms and conditions. More importantly, consider installing the IG Markets trading app on your mobile device if you are always on the move.
To complete account registration, IG Markets will request your personal information like date of birth, name, email, phone number, etc. You will also share additional details regarding your source of income and create a username and password.
IG Markets offers CFD trading, which is a high-risk form of trading that usually leaves most traders with massive losses. To protect you and prevent huge losses, the broker will determine the best leverage limit by offering a margin trading test. Besides engaging in the margin trading test, IG Markets also requires you to participate in a general knowledge test to test your skill level in the financial space. This way, the broker can select the best investment or trading package suitable for your skill level.
Before having your trading account fully activated, IG Markets must verify your identity and location. This is a standard procedure set by the FCA to ensure all trading platforms remain safe from imposters. To prove who you really are, IG Markets will require you to upload or share a copy of your passport or driving license. In addition, you will share a copy of a recent utility bill or bank statement to verify your physical address. Your documents will be reviewed by IG Markets experts, who will then decide whether to fully activate your account.
IG Markets will send you an email notification once your trading account is fully activated. At this point, nothing should stop you from making the required deposit and starting to trade the shares of Owens & Minor. With IG Markets, you must deposit at least £300 per its requirements. The best element about making deposits on IG Markets is that all transactions are free, and you get to choose whether you complete the payment using a debit/credit card, e-wallet, or bank transfer methods.
IG Markets will automatically redirect you to its listed asset offerings once it confirms your deposit. Note that the broker doesn’t have access to the NYSE, and you can only use it to trade the stock of OMI as CFDs or indices. Fortunately, stock brokers like eToro will help you easily complete your purchase. All you have to do is search for Owens & Minor using its ticker symbols OMI and complete your purchase.
Remember, whether you are trading or buying the shares of OMI, ensure you select the number of shares you can afford. Also, consider applying risk management controls such as stop-loss orders to mitigate massive losses in case a trade doesn’t favour you. Most importantly, track your investment using your desktop or mobile device to ensure your activities work out as planned.
Tips on How to Choose the Best Broker to Buy OMI
The above three stock brokers are the best for trading and buying the shares of OMI in the UK. However, they might not meet your investment requirements, leaving you with no option but to conduct market research from scratch. To ensure you easily manage the research procedure, below are the significant elements you must consider to find the best stock broker for buying OMI stock.
The first thing to consider as a trader or investor looking for the best stock broker to buy the shares of OMI is your security. Remember, not every broker is trustworthy, and you must keep a hawk’s eye to avoid falling victim to scammers. So, choose a stock broker that the FCA regulates to guarantee the safety of your investment funds. The best element about investing in OMI stock using FCA-regulated brokers is that you get to enjoy the best conditions are guaranteed quality assistance in case a broker goes bust or breaches your agreement.
The stock broker you select must allow you to buy the shares or OMI or trade them as derivatives. In addition, it should host additional assets that will help you easily diversify your portfolio, including additional stocks, forex, commodities, etc. The good news is that most stock brokers have demo accounts that you can use to practise trading various assets before selecting the best for your skill level.
Whether you are a beginner or professional investor in the stock market, you must find a stock broker with a user-friendly and intuitive design platform for maximum experience. Moreover, the broker should host the best resources contributing to quick skills and solid strategy development. On top of that, prioritise the availability of a demo account, as this helps you gauge your skill level and explore the stock market without using real money. The reliability of support service is also paramount, whether it operates 24/7 or five days a week.
Trading and investing in OMI shares is an exciting and fun activity. However, if you do not limit the amount of money you invest, you may end up exhausting your nest egg. Therefore, ensure you have a budget and use it in choosing a suitable stock broker. Some of the charges to look into for consideration include commissions and spreads, inactivity fees, deposit and withdrawal costs, etc. Most importantly, we advise you to ensure there are no hidden costs.
Before investing using a stock broker, you will be required to make a deposit per a broker’s requirements. Note that stock brokers support different payment methods, so ensure you are keen to avoid being inconvenienced when it comes to transacting. Overall, stock brokers accept payments and withdrawals using bank transfers, credit/debit cards, and e-wallets. Therefore, finding a stock broker that allows you to transact using a payment method you fully understand is another vital element to never overlook.
OMI (Owens & Minor) Price Today
Owens & Minor was founded in 1882 and went public in 1971. Since then, its share price has been fluctuating primarily due to consumer demand. The ability of Owens & Minor to remain popular over the decades makes it a good buy. For this reason, you must stay up-to-date with the company’s share price to create the best investment strategy.
That being said, we have created a live chart below showing today’s Owens & Minor share price and more historical information that can be useful in your investment decision.
About Owens & Minor
Founded in 1882 as a pharmacy company in Richmond, Virginia, Owens & Minor is a global healthcare logistics company. It is a fortune 500 company serving global clients across diverse regions, including North America, Europe, Asia, etc. The company integrates product manufacturing and delivery, home health supply, and perioperative services to ensure healthcare is supported both in hospitals and at home.
Owens & Minor prides itself n delivering efficiency, value and security in the healthcare supply chain. Its superior products and expertise have enabled it to provide exceptional and dedicated support to its clients in ensuring critical patient care is provided.
In 1988, the company started trading on the NYSE under the symbol OMI. Throughout its decades of existence, Owens & Minor has made various acquisitions, including purchasing A&J hospital Supply of Richmond, Virginia, and Byram Healthcare and Halyard Health. With such acquisitions, Owens & Minor continues to expand and gain attention from investors. By providing superior healthcare supply chain solutions, this company has growth potential and investing in it today can pay off in the long run.
If OMI shares have caught your attention, you might also want to explore the investment potential of Industrial Sector EFT and Zomedica shares to further diversify your portfolio.
FAQs
Yes. We believe OMI is a good investment for individuals looking to put their money into the healthcare industry. However, this doesn’t mean you should dive straight in without fully familiarising yourself with the company and the stock market performance. To maximise your profit potential in this investment, ensure you create solid strategies and invest with the best stock broker, like the ones listed in our mini-reviews above.
Yes. OMI strives to continue offering its customers the best solutions for delivering exceptional patient care. With the booming healthcare industry, we believe that the company has growth potential. However, the future is unpredictable, and you must conduct a thorough market analysis before deciding to invest in this company.
Owens & Minor was established as a retail and wholesale pharmaceutical company by Otho O. Owens and George Gilmer Minor. The company has acquired numerous shareholders, and you can also become part of it by purchasing its stock using a broker with access to the NYSE.
You need a stock broker that supports PayPal as a payment method to effectively buy the shares of OMI. Simply follow the steps above on how to buy OMI stock and include PayPal as your preferred payment method when making your deposit.
Conclusion
Investing in the share market can be challenging since it is volatile. However, with the right approach, you can limit all the risks and maximise your potential. If you are a beginner, do not be in a rush to start earning profits. Instead, take your time to learn how the stock market operates using brokers’ demo accounts. You should also learn more about Owens & Minor company’s performance, whether past or current. This way, it will be easier for you to make proper predictions that might bring about good profits.
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Our recommended broker is Pepperstone.