Pearson PLC is a leading education company headquartered in London, England. Its share price has risen by more than 24% over the past six months as the company continues to cash in on students returning to exams and more people learning English. We have prepared this guide for you if you are among the investors willing to buy Pearson stock in the UK. Besides understanding the simple procedures for purchasing this stock, you will also find out the top three brokers we believe are the best for your investment.
Top 3 Brokers for Investing in Pearson Stocks
In the UK, Pearson shares are listed on the London Stock Exchange under the ticker PSON. In the US, the stock trades on the New York Stock Exchange under the ticker PSO. To buy PSON stock in the UK, you need to find a broker that has access to the London Stock Exchange and offers stock derivatives.
While there are many stock brokers in the UK, picking the best one that matches your investment needs can be a little challenging. If you are a complete beginner, don’t worry. We have done the research for you and recommended below the top three stock brokers we believe will offer you the best experience when buying shares in Pearson.
1. eToro
eToro is one of the best stock brokers you can use for buying Pearson shares in the UK. Besides having a user-friendly platform, the broker hosts one of the best learning and market analysis resources. This includes a demo account funded with £100,000 virtual funds to get you started.
Additionally, eToro is the best social and copy trading broker, whereby you get to meet like-minded traders, copy trades with high-profit potential, and share ideas. You can also diversify your portfolio with additional assets from eToro, including cryptocurrencies, forex, commodities, etc.
Buying or trading PSON shares at eToro is commission-free, with a minimum deposit of $100. However, eToro’s spreads are high, and you will pay fees for funds withdrawal. Accessing the copy trading platform requires a minimum deposit of $200. On top of that, its minimum amount per trade is also £500.
✔Low minimum to fund an account and begin investing
2. IG Markets
IG Markets is an award-winning broker that allows Pearson stock investment and derivatives trading on a user-friendly and intuitive design platform. What’s more, the broker provides a demo account to prepare you before investing in the real market. On top of that, IG Markets has a social trading platform perfectly tailored for like-minded traders who want to meet and share trading ideas.
On the downside, IG Markets charges high trading and investment fees. You will also have to deposit a minimum of £300 before accessing PSON stock. The broker also charges a subscription fee of £50 if you fail to trade at least three times within three months.
✔ Leading broker with low fees
3. CMC Markets
CMC Markets is another trusted broker that allows you to invest in PSON shares. Its NextGeneration platform has an intuitive design and is easy to use, supporting all types of traders. Additionally, the broker offers the MT4 platform suited for forex traders.
CMC Markets doesn’t have a minimum deposit requirement, and making deposits and withdrawals is also free of charge. However, you can only trade PSON stock as CFD and spread betting since the broker does not have access to LSE, where shares of Pearson are listed. The support service offered also operates only five days a week.
✔ Great selection of assets
How to Buy Pearson Stocks With eToro?
If you are a first-time investor with zero experience with a broker, you are probably sceptical about buying shares in Pearson because you don’t understand the procedures involved. However, buying PSON stock is easy if you have conducted thorough market analysis and you are familiar with the share market. In this regard, here is how to buy PSON shares with eToro.
The first thing you must do is visit eToro’s website and create a trading account before buying PSON stock.
Fortunately, we have shared links to give you quick access, so feel free to click on any. Once on the website, you will be required to provide your personal information to create a trading account and choose a username and password.
Keep in mind that brokers have different trading terms and conditions, so make sure to go through the regulations and accept them before creating an account with eToro.
Before eToro approves your account to buy PSON stock, the broker will require you to complete a simple test to gauge your knowledge on share investment and determine the best trading package for you. Additionally, you will also have to complete a margin trading test to help the broker determine a suitable leverage limit for you.
eToro and all brokers licensed and regulated by the Financial Conduct Authority (FCA) are required to have all traders verify their identity to keep online trading safe and secure. Therefore, you will have to provide proof of your identity and location by sharing a copy of your original ID card or passport. You will also have to submit a copy of your recent bank statement or a utility bill to verify your jurisdiction area.
Once you receive an email from eToro for fully activating your account, make a deposit per eToro’s requirements. The broker has minimum deposit requirement of $100 for you to access LSE and buy PSON shares. Note that eToro supports transactions via different methods, including bank transfers, e-wallets, and debit cards. So make sure to choose a fast and reliable payment method.
eToro will confirm your deposit and redirect you to the London Stock Exchange, where you will search for Pearson shares using the symbol PSON. To complete your purchase, choose the number of PSON shares you can afford. You should also ensure you have conducted the necessary due diligence and know all the risks of buying the company’s stock.
With eToro, you can also trade PSON shares as CFDs or indices, whereby several stocks are combined in one investment. Keep in mind that your choice should be based on the risks involved and how well you understand a trading method.
Tips on How to Choose the Best Stock Broker to Invest in Pearson Stocks
The best stock broker to buy Pearson stock must align with your investment needs. We recommend the top three brokers to consider and avoid the overwhelming and time-consuming research process. However, if you do not find a suitable broker from our list above, consider researching the stocks market by considering the tips below.
The best broker for buying PSON shares within the UK should be licensed and regulated by the FCA. While there are legit brokers in the UK, there are also fraudulent ones. Therefore, don’t choose blindly without confirming their credibility. FCA-regulated brokers offer the best trading conditions to their clients and guarantee your investment funds’ security.
You should also find a broker you can afford and fits your budget. Consider charges including commission/spreads, minimum deposit requirement, inactivity fees, transaction, and inactivity fees. Furthermore, make sure to confirm the payment methods and ensure they are convenient for you.
The best stock broker to buy shares in Pearson should allow access to the London Stock Exchange, where PSON stock is listed. However, you may want to try other markets to diversify your portfolio and maximise your profit potential. You can also consider a broker with additional asset classes such as cryptos, commodities, forex, and other stocks.
Whether you are a beginner or professional trader, your broker’s platform should be user-friendly. In addition to offering a demo account for testing it, the broker should also provide additional resources for market analysis and strategy development. Moreover, consider a broker with a trading app you can install on your phone and manage your positions on the go.
Generally, trading is challenging and you need to find a broker with reliable and dedicated support service to maximise your potential in the stock market. Make sure to use a broker’s demo account to test how dedicated and reliable its customer service is before making a commitment.
Once you find a stock broker for buying Pearson stock that meets all your requirements listed above, make sure to review other users’ opinions. By doing this, you are assured of making the best choice that supports your investment activities. To analyse user testimonials and ratings, feel free to visit Google Play, the App Store, and Trustpilot.
Pearson Stock Price Today
Pearson stock price has been fluctuating throughout the years based mainly on market conditions. However, the ability for Pearson to remain popular over the decades makes it a good buy. For this reason, you need to stay up to date with the company’s share price to create the best investment strategy.
That being said, we have prepared a live chart below showing today’s Pearson’s share price in the UK and more historical information that can help you track the performance of the stock.
About Pearson
Pearson is a British multinational educational publisher founded in 1844 by Samuel Pearson. The company was originally founded as a construction business but switched to a publishing business in the 1920s.
Today, Pearson operates in over 70 countries and generates 60% of its sales from the US college education system. It provides learning technologies and educational materials to educational institutions, professional bodies, corporations and governments.
Pearson is also the owner of Addison-Wesley, Scott Foreman, Longman, Peachpit, eCollege, and Prentice Hall.
Pearson has a primary listing on the London Stock Exchange and is a member of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange.
The company’s share price has increased significantly in the past six months. In fact, PSON is one of the best blue-chip performers in the FTSE 100 so far this year.
To buy Pearson shares on the London Stock Exchange shares, you need a reliable stock broker in the UK, like the ones we recommend above.
As you consider investing in Pearson shares, exploring the opportunities presented by Carnival shares and Spotify shares could be beneficial to enhance your investment strategy.
FAQs
Yes. Pearson share price has been increasing in the past few months supported by the company’s solid financial health. The company is also on track to meet its full-year profit and sales expectations, despite the current inflationary environment.
Pearson shares keep fluctuating, and it can be a little challenging to know the exact PSON share price. However, you can use our live chart above to help you understand the company’s current share price and decide the best time to buy the stock.
Yes. Pearson shares are available for purchase via the London Stock Exchange. You can purchase Pearson stock using an authorised broker in the UK like those mentioned above.
Yes. Pearson paid a dividend of 6.6p per share on 20th September 2023. The stock has an annual dividend yield of 2.21%.
Conclusion
Pearson’s growing demand for its courses and textbooks makes its shares an excellent investment security. You need a reliable broker to buy PSON stock, which is listed on the London Stock Exchange (LSE). Keep in mind that most brokers allow fractional share purchases, allowing you to invest with any amount you can afford. As a beginner, practice stock investing and test your skill level using a broker’s demo account so you are fully prepared for the live market. You should also invest with money you can afford to lose.
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