Zomedica is a veterinary diagnostic and pharmaceutical company that specialises in providing innovative solutions to improve the health of pets and animals. As a UK trader or investor, you may be interested in putting up your money in Zomedica stock to potentially profit from the company’s growth and success. However, before investing, it’s essential to understand the basics of investing in the stocks and how to evaluate a company’s financial health and future prospects.
In this regard, we decided to prepare this guide to shed light on the process of investing in Zomedica stocks, including the top three stock brokers for investing in the company. Here, you will also become familiar with how to open a brokerage account, Zomedica’s history, and more, thus ensuring you are fully prepared to start investing in the company.
In this guide
Top 3 Brokers for Buying Zomedica Stocks
Zomedica company shares are listed on the NYSE AMERICAN under the symbol ZOM. Being a publicly listed company with a stock price of less than £1, you need a penny stock broker with access to this exchange to make a purchase. The broker should also allow you to trade ZOM stocks as derivatives should you not want to buy and take complete ownership of the stocks. Most importantly, the stock broker should feature elements suitable for your needs for maximum experience.
Unfortunately, there are numerous penny stock brokers in the UK financial market. As a result, traders and investors find it challenging to select the best for their needs. As professional researchers, we conducted all the research procedures, so you do not have to. This ensures you have an excellent choice and quickly kickstart your investment ventures.
Here are our top 3 brokers for buying Zomedica shares based on our research findings.
1. eToro
eToro is one of the leading stock brokers for investing in Zomedica penny stocks since it is user-friendly with an intuitive design. With over 30 million users, the broker is trusted globally, and using it guarantees maximum security. Besides, eToro is regulated by the FCA and has its platform highly encrypted to secure all users’ data. You can get started investing in ZOM with as little as $100.
Investing in the shares of Zomedica is commission-free with eToro. You can also buy the company’s stocks in fractions or trade them as CFDs or indices if you do not feel like taking ownership of the shares. Although its spreads are relatively high, you are guaranteed quality resources for an exciting experience. These include award-winning social and copy trading platforms, a virtually funded demo account, extensive learning materials on its eToro Academy, and more.
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
- User-friendly platform perfect for beginners
- It has millions of users, proving it can be trusted
- Commission-free Zomedica stock investing
- Additional 3,000+ assets for portfolio diversification
- Charges withdrawal fees
- High spreads
2. CMC Markets
CMC Markets has been in the financial industry since the 1970s and continues to thrive as one of the best penny stock brokers in the UK. Unlike eToro, CMC Markets only allows you to trade Zomedica stocks as CFDs or indices. With derivatives trading on ZOM shares, you can trade with leverage and have an opportunity to maximise your potential returns with limited capital. The broker has no minimum deposit requirement, meaning traders can start investing in the shares of Zomedica with as little as £10.
Another element that makes CMC Markets stand out is its low spreads for stocks ZOM CFD trading. It also executes trades fast, making it easier for you to benefit from short-term trades. Furthermore, CMC Markets hosts quality research materials that can help newbies and professional CFD traders come up with solid strategies. And if you prefer to diversify your portfolio, CMC Markets hosts additional 12,000+ instruments, including forex, cryptos, shares, indices, and more.
✔ Great selection of assets
- No minimum deposit requirement
- Additional 11,000+ shares to explore
- Low Zomedica share trading charges
- Plenty of learning and research materials
- You can only trade the shares of ZOM as derivatives
- Many users claim that its support service is not as responsive as other brokers’
3. Interactive Brokers
Interactive Brokers (IBKR) is a low-cost broker when it comes to investing in Zomedica shares and other US-listed stocks. This makes it a viable option for low-budget traders, especially professionals looking to explore advanced market analysis resources. The broker is also known for its wide selection of learning materials, including videos, articles, webinars, podcasts, and more. Note that, like CMC Markets, IBKR has no minimum deposit requirement.
IBKR is highly encrypted and regulated by the FCA, thus guaranteeing maximum safety for its users. Besides offering an IBKR Lite plan for retail clients, the broker also features an IBKR Pro plan for professional and active investors. You can access Interactive Brokers via your desktop or mobile device.
✔ Top trading platform for advanced
- Low over-the-counter trading commissions
- No minimum deposit requirement
- Free deposits and withdrawals
- Excellent collection of learning and research materials
- Its platform can challenge newbies to navigate
- Customer service responsiveness can be improved
How to Buy Zomedica Stocks With eToro
As a new stock investor, it is essential to be familiar with how to buy ZOM penny stocks via brokers like the ones listed above. To ensure you are prepared to make your first investment, here are the step-by-step procedures using eToro as an example.
To buy Zomedica stock on eToro, you must first access the broker’s website. You can do so using your desktop or mobile device, as eToro has a mobile app you can access from Google Play or the App Store. Once you are on the website, start by reading and understanding eToro’s terms and conditions.
Creating an account on eToro is an easy and quick process that should take only a few minutes. You’ll provide your personal information, including your name, phone number, email, physical address, source of income, and date of birth. You’ll also create a username and strong password to ensure your investment account remains secure.
As eToro allows margin trading, it requires you to complete a basic test to determine your leverage limit. This is one way to protect you and reduce the potential risks that come with margin trading. In this regard, you’ll fill out a questionnaire to determine the best trading package for you.
To protect the accounts of all traders, eToro requires you to verify your identity and residential area. This is a standard procedure for all FCA-regulated brokers and helps to keep away traders with fake identities. To verify your identity, you’ll need to upload a copy of your original identity card or passport. You’ll also need to share a recent utility bill or bank statement to verify your location or jurisdiction area.
Note that verification can take up to three days, and eToro will send you an email once your trading account is fully activated.
Once your account is fully activated, you’ll be free to make a deposit and buy Zomedica shares. eToro requires a minimum deposit of $100 to access the NYSE AMERICAN exchange, where the company’s shares are listed. Always confirm whether you can afford a broker before beginning the account registration process.
After making the deposit, eToro will confirm it and automatically redirect you to the NYSE AMERICAN, where you can buy Zomedica stock. Select the right amount of shares you can afford and stick to your budget. With eToro, you can also trade the shares as CFDs or indices, which involves combining several stocks in one investment. Your choice should be based on your understanding of a trading method and the risks involved.
Tips on How to Choose the Best Stock Broker to Buy Zomedica Stocks
If you plan to buy Zomedica stocks, finding the best stock broker to maximise your investments is crucial. But with numerous options available in the UK, how do you identify the right one? To streamline the process, here are some tips to consider when selecting a stock broker for buying ZOM stocks.
Your priority should be to confirm whether the broker you select is licensed and overseen by a reputable financial regulatory authority. The Financial Conduct Authority (FCA) regulates financial institutions, including stock brokers, in the UK. Choosing such brokers guarantees the safety of your trading funds, as they are held in segregated accounts to protect them from the broker’s bankruptcy or insolvency.
The Zomedica stock is listed on the NYSE AMERICAN, so you need to find a broker that offers access to this exchange. Additionally, check if the broker allows you to trade the shares of ZOM as derivatives. You should also consider choosing a broker that hosts a wide range of trading assets, including commodities, forex, ETFs, and more. Diversifying your portfolio can reduce your risks and improve your trading success.
Another significant element to confirm is the fees charged by the broker. Brokers have varying costs for trading and non-trading activities. Therefore, compare the fees of several brokers to identify the one that fits your budget and investment goals. Look at the commission rates, margin rates, and spreads to calculate the trading costs. Also, check for hidden charges, such as minimum deposit requirements or transaction fees.
Choose a broker that offers a user-friendly trading platform with fast trade execution speed. The platform should provide essential tools for strategy development, technical analysis, and market research. Some brokers also offer a demo account to help you practice trading before investing real money. Plus, ensure the broker’s trading platform is compatible with your desktop and mobile devices to easily trade anywhere, anytime.
The broker you choose should have a reliable support team dedicated to assisting you in case of any trading issues. The support should be responsive and available during flexible hours via email, phone, or live chat. Additionally, check if the broker has a detailed FAQ section for answers to common questions.
Reading customer reviews and recommendations can help you identify the best stock broker for buying ZOM shares. Look for comments about the broker’s level of security, ease of use, and overall customer satisfaction. You can read reviews from the broker’s website or other trusted sources like Google Play, App Store, and Trustpilot.
Zomedica Stocks Price Today
Since its establishment in 2015, Zomedica stock price has been increasing steadily while fluctuating simultaneously. This means that investors are finding it challenging to determine its accurate value to make the best investment and trading decisions.
Fortunately, we have shared a live chart below indicating ZOM’s current value. With the live chart, you can also analyse Zomedica’s historical share price performance to make predictions that can bring about good profits.
About Zomedica Corp
Founded in 2015, Zomedica Corp is a veterinary diagnostic and pharmaceutical company headquartered in Ann Arbor, Michigan. Zomedica focuses on researching, developing, and commercialising innovative diagnostic and treatment solutions for companion animals. Its mission is to provide veterinarians with state-of-the-art diagnostic tools and treatments that enhance animal care and improve outcomes for pets and their owners.
The company’s product portfolio includes diagnostic platforms such as TRUFORMA, a point-of-care diagnostic platform aiming to detect thyroid disorders in cats and dogs and adrenal disorders in dogs. There are also additional products tailored to improving companion animals’ health, including PulseVet, Assisi, RevoSquared, and VetGuardian.
Overall, Zomedica is developing a range of pharmaceutical products, including therapeutic drugs for cancer and other diseases that affect companion animals. With a team of professionals in the veterinary industry and a focus on innovation, Zomedica is poised to make significant contributions to the future of animal healthcare.
FAQs
As of the latest data available, the Vanguard Group, Inc. is the largest institutional investor in Zomedica, owning 4.98% of the outstanding shares. Other significant Zomedica shareholders include Gerald Solensky Jr., BlackRock, Inc., Geode Capital Management LLC, Jeffrey M. Rowe, and more.
Yes. Based on our analysis, Zomedica can be a good buy in 2023 since the company has growth potential. However, note that ZOM stock is volatile, meaning its price swings can make it challenging to determine its accurate value. Since Zomedica share investing is risky, we advise you to conduct thorough market research and assess your financial goals before deciding if it is a good buy.
Absolutely. Although it is challenging for us to predict the future performance of any stock, including Zomedica, many analysts believe that the company’s focus on the pet care industry and the development of new diagnostics and treatments could lead to future growth.
Yes. Zomedica stocks are listed on the NASDAQ Global Market under the ticker symbol “ZOM.”
Conclusion
Investing in Zomedica shares can be a lucrative opportunity for investors seeking exposure to the animal health industry. To get started, it is essential to conduct thorough research on the company’s financials, stay abreast with zomedica stock news, and understand potential risks before making a decision. You should also choose a reputable broker that fits your investment needs, set a budget and investment strategy, and monitor the market regularly.
Overall, while stocks ZOM investment can bring about profits, there is no guarantee of success, and you should be prepared for potential losses. However, with the right approach and a long-term investment mindset, investing in Zomedica stocks can be a rewarding experience.
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