

How to buy Pfizer shares

Apr 2019
Top 2 brokers to buy Pfizer shares
Interactive Brokers
Saxo Bank



The good news is that unlike back in the days, today you can buy shares in companies like Pfizer fully online.

While we do not specifically advise to buy Pfizer shares, this article explains in layman's terms how you can buy shares in companies in general, taking Pfizer as an example. Whether your first share to buy should be Pfizer or not it's for you to decide. We strongly suggest to contact investment advisors as this article is not meant to be investment advice under any circumstance.

How to buy Pfizer shares
Overview of Pfizer

Pfizer is a US Healthcare company, traded on the NYSE under the PFE ticker. It's valued at $229.7 billion and it is known as one of the world's premier biopharmaceutical companies. If you'd like to buy its stocks you need to find a broker that gives you access to the NYSE because that's the main exchange it's traded on (hang tight, we'll get into this in a bit). Pfizer's market cap was around $229.7 billion at the time of writing, which is March 2019.

All of this doesn't mean that Pfizer is a good company or a bad one. As part of this example you might want to get reminded of what you are considering investing in though.

Let's see the steps now!

How to buy Pfizer shares
Steps of buying Pfizer shares

Okay so for your own reasons you have decided you'd like to buy Pfizer. That's a good start. Let's see what lies ahead of you before you can officially state that you are a shareholder of Pfizer! The process is rather similar for any company shares and again, we only take Pfizer as an example.

Step 1: find a good online broker

One of the characteristics of an online broker is the exchanges they have access to. Not all brokers allow you to buy shares of Pfizer, simply because they don't have access to the NYSE. Needless to say, you need a broker that gives you access to this exchange.
The next important thing with a broker is that it should fit you as well. Not all brokers allow every citizen to open an account with them; some brokers are super expensive if you just want to buy a couple of Pfizer shares every once in a while, some brokers can be absolutely free. You can actually get great recommendations on choosing the right broker using our questionnaire:

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Step 2: open your brokerage account


Step 3: deposit money to your account

You will pay cash to buy those Pfizer stocks. This cash first needs to be sent (deposited) to your broker. This is usually super easy and quick, actually even easier than opening your brokerage account.

Step 4: buy the Pfizer share

You have the account, the cash, and the share target. The last step is to press the buy button! You log in to your online brokerage, search for Pfizer share, insert the number of shares you wish to buy, and click buy, which will initiate the purchase of shares (in trading lingo: execute the buy order).


Step 5: review your Pfizer position regularly

You are not finished after you purchased your Pfizer stock. Now it is key to monitor your investments. This basically means following your investment strategy. If you bought the Pfizer share for holding it for a longer term, you might participate in the annual meeting and collect all the news and information about the company.



How to buy Pfizer shares
Best 5 brokers for buying Pfizer shares


How to buy Pfizer shares
Fees for investing in Pfizer stocks

You have to count with different kind of fees when you are trading with Pfizer shares.


Needless to say, these are different at each broker. Let's see the fees of trading with Pfizer shares at our recommended five brokers

Pfizer stock fees
Interactive Brokers Saxo Bank DEGIRO Tradestation Robinhood
US stock fees class Low High Low Low Low

How to buy Pfizer shares
How to reduce risks

Investments always come with some risks, investing in Pfizer is no difference. Please take the time to review the following tips from Brokerchooser that help you minimize your risks. You can also read more about market risk and other types of risks over here.

Avoid the scams



Diversify your portfolio

Risk: spending all of your savings on one or two shares. If Pfizer goes bust, you lose all your invested money.

How to manage it: buy other shares as well, not only Pfizer to diversify your investment portfolio. This practically means buying more different shares and not putting all your eggs in one basket. The ideal number of shares in a portfolio varies somewhere between 20 and 30.

How to buy Pfizer shares
Bottom line

How to purchase Pfizer shares online?

Just follow these five easy steps:

  1. find a broker
  2. open your account
  3. fund the account
  4. buy the share
  5. review your position



Gergely Korpos
Gergely Korpos
Co-founder, CPO
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