Vodafone is one of the leading mobile carriers globally, and every day, millions of users benefit from the company’s services. As one of the leading players in the telecommunications domain, Vodafone has realised billions in revenues over the years.
If you have been considering buying Vodafone shares and are wondering whether it’s a wise move, this guide will help you make an informed decision. I’ve highlighted what you need to know about Vodafone and its share price here. The guide also covers how and where to buy Vodafone shares today.
In this guide
How to Buy Vodafone Shares
Investing in Vodafone shares might sound intimidating, especially to a novice. Fortunately, it’s not; reputable brokers like eToro have streamlined everything. Below’s a condensed version of the steps for buying Vodafone shares.
You need a reputable broker to invest seamlessly and avoid issues like fraud. There are plenty of fraudulent sites waiting to rip you off. You must be cautious when selecting the best platform for your investment needs. Verify that every broker is authorised and regulated by the Financial Conduct Authority (FCA) and other authoritative watchdogs before signing up.
Also, read reviews and testimonials on independent sites, such as Trustpilot. You’ll get unfiltered insights from real users, which will help you gauge every platform’s reputation without getting blinded by flashy marketing gimmicks. I have tested and recommended multiple credible brokers in this guide to make it easier for you to find a solid service provider.
After selecting a suitable service provider, visit its official website and hit the registration button. The brokers recommended here have a simple signup process. All they ask for is basic information like your name, email/phone number, and residential address. All of them will ask you to read the Terms & Conditions and set a strong password; take care of everything required of you.
Use your real personal information because your broker will compare what you share on the registration form with what’s on your documents. Additionally, since money and privy data will be involved in your investing journey, set the strongest password possible. Avoid reusing login credentials used elsewhere and optimise security with 2FA.
The FCA and other regulators require share dealers and brokers to verify the identity and location of their clients. You must complete verification with the required documents, such as a copy of your national ID and a recent bank statement. Some brokers also ask their clients to take a selfie or a liveness test, so don’t be surprised.
Share clear and legible documents; otherwise, your broker might refuse to verify your account or ask you to start from scratch. After submitting what’s required, wait for the green light from your service providers. The brokers recommended here verify accounts within a short time, so you don’t have to wait for too long to start investing.
You now have a fully verified account at your disposal; it’s time to deposit the funds you plan to use to buy Vodafone shares. Please ensure you have a clear investment budget. As a beginner, I recommend you start with a capital of less than 10% of your total income. Invest, observe the outcomes, and scale up when the time is right.
Be careful when choosing the right payment method to use. That’s crucial because different options have different fees and processing times. For instance, on eToro, deposits done via a debit card are credited almost instantly, whereas bank transfers can take 4-7 days.
After depositing money, go to your chosen broker’s investment section and search for Vodafone shares. The latter should be easy since most platforms have an intuitive search function. All you have to do is type in Vodafone’s name or the VOD ticker symbol. You can either invest in real shares or trade Vodafone shares in the UK through CFDs, depending on your goals and preferences.
You can use a market, limit, or stop order. With a market order, you can invest in Vodafone shares instantly at the current price. If you want to buy this asset at a specific price, you can use either a limit or a stop order. Remember to spend a portion of your capital on Vodafone shares. Use the rest to buy other assets for portfolio diversification and risk mitigation purposes.
Best Brokers to Invest in Vodafone Shares in the UK
Many brokers offer Vodafone shares in the UK. Sadly, some of the available service providers are simply unfit, as they have a wide range of shortcomings, from high fees and poor platform performance to subpar support and a bad reputation.
I vetted the investment sites that offer Vodafone shares and selected three that stood out as the best. My top choices have the most outstanding offers when it comes to aspects like security, reliability and trustworthiness.
1. eToro – Best Overall
eToro is my top choice overall for several reasons. For starters, the broker is user-friendly, and you only need a minimum deposit of £100 to get started. Plus, it supports fractional investing, which makes it possible for you to purchase Vodafone shares and other assets for as little as £10.
In addition to Vodafone shares, the platform offers over 7,000 financial products, including global stocks, cryptocurrencies, and CFDs. If you are committed to buying assets alone, you can diversify with stocks from different corners of the globe, from the UK to Europe and the US. You can also invest in digital instruments like Bitcoin, Ethereum, and Solana.
Newbies looking to improve their skills can also utilise eToro’s educational resources, which are plentiful, from courses to guides and tutorials. On top of that, the broker does not charge commissions for Vodafone stock trading, and it is also the best for social and copy trading.
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
- Beginner-friendly, intuitive platform interface
- Over 7,000 financial assets, including Vodafone shares
- The minimum investment amount is £10
- Extensive range of educational tools and materials
- Users can copy top traders and investors with CopyTrader
- £10 monthly fee after 12 months of inactivity
- No phone support for retail investors
2. IG Markets – Best for Seasoned Investors
IG Markets is a pioneer broker that I consider a good choice for seasoned investors. First, this service provider offers multiple user-friendly and modern design platforms. They are equipped with a wealth of high-quality tools, including premier research materials, to ensure you have a worthwhile experience. The options that made a lasting impression on me include the L-2 Dealer, MT4, and ProRealTime.
Like eToro, IG Markets is a social trading broker connecting like-minded investors on a single platform. This helps you learn more about investing in VOD stock and make decisions that can earn you juicy profits. Besides buying Vodafone stock, you can also trade the asset as CFDs.
I also recommend IG Markets to seasoned investors due to the broker’s broad variety of assets. In addition to Vodafone shares, you can invest in 11,000+ stocks, 2,000+ UK-eligible ETFs, and 35+ cryptocurrencies. IG Markets allows you to choose your preferred accounts from a range of options, including share dealing, stocks & shares ISA, and SIPPs.
✔ Leading broker with low fees
- Quality selection of learning materials on its IG Academy platform for skills development
- Advanced trading resources, including MT4, ProRealTime, and L-2 Dealer
- Unique account options like ISAs and SIPPs
- Caters to retail, professional, and institutional traders
- No minimum deposit requirement
- Higher crypto trading fees than most of its peers
- High spreads on tradable assets, especially FX pairs
3. Pepperstone – Best for CFDs
If you are keen on budgeting and are sceptical about investing vast amounts in Vodafone shares, Pepperstone is the right broker for you. It charges low commissions and spreads. Additionally, the broker has no strict minimum deposit requirement, unlike many of its peers.
Transactions are free on Pepperstone, and you get to experience using the best platforms, including cTrader, MT4, TradingView and MT5. These platforms are known to be fast in executing orders and support traders with adequate research and skills development resources. Pepperstone also has a social trading platform to maximise your experience.
I also consider Pepperstone the best broker for UK residents interested in CFDs on Vodafone shares, due to its extensive range of financial instruments. While trading Vodafone shares, you can diversify with over 2,700 CFDs on everything from forex and shares to commodities and indices. You can also bet on the price movements of the available assets through spread betting.
✔ No dealing desk intervention
- No set minimal funding requirement
- Low spreads from 0.0 pips
- Simple, clutter-free user interface
- Zero inactivity fees
- Hosts MT4, MT5, TradingView, and cTrader
- Only CFD trading and spread betting are allowed
- Doesn’t offer guaranteed stop
Vodafone Shares Price Today
The last time the Vodafone share price hit its highest was in 2000. Since then, the company’s share price has been fluctuating, making it challenging to know the current price or predict how it will be in the future. However, Vodafone’s ability to remain popular over the decades makes it a good buy. For this reason, you need to stay abreast of Vodafone’s share price to create the best investment strategy.
That being said, we have created a live chart below showing today’s Vodafone share price and more historical information that can be useful in your investment strategy.
About Vodafone Group plc
Vodafone is a British multinational telecommunications company founded in 1984 by Gerry Whent and Ernest Harrison. It’s headquartered in the UK, with other branches spread across various regions globally, including Europe, Asia, Africa, and Oceania. The company provides telecommunications and IT services to corporate clients in over 150 countries worldwide.
Currently, Vodafone operates under the leadership of Margherita Della Valle, who took over as the CEO in 2023. Since it hit its highest share price of around £54.46 GBp in 2000, Vodafone is dedicated to increasing its share value even more. For this reason, it has made different acquisitions and partnered with various telecommunications firms to realise its objectives.
Note that Vodafone stock is listed on the London Stock Exchange, and you can identify it by searching for the symbol VOD. The company is also a constituent of the FTSE index and has a secondary listing on the NASDAQ exchange. With the world moving towards technological advancement, Vodafone has a promising future and can be a lucrative investment in the long run.
Is Vodafone a Good Stock to Buy?
When evaluating whether a stock is a good buy, I consider several factors, including the company’s net income trend, profitability, and valuation ratios. I also factor in the brand’s competitive advantage, management quality, and stock price trend.
Having said that, if you’re asking yourself, “Are Vodafone shares a good buy?” then the answer is a resounding YES. As a seasoned investor who’s kept an eye on this asset, my opinion is that it has clear upside potential. Vodafone shares are currently incredibly cheap, but analysts expect the price to experience a moderate appreciation.
FAQs
Yes. Vodafone shares are open to the public for purchase. You need an online stock broker that allows you to access the London Stock Exchange, where they are listed. Examples of such brokers are the ones we recommend in our mini-reviews above.
Absolutely. The Vodafone company has existed for decades, and it is one of the largest multinational telecommunications companies globally. The company’s revenue and the share price have been fluctuating throughout the years, and its recent moves to keep maintaining its global presence show that it has potential for growth in the future.
Vodafone hit £54.46 GBP in 2000, which is the asset’s highest end-of-day price to date.
Vodafone stocks are listed on the London Stocks Exchange using the ticker symbol VOD. You can purchase the company’s stock through online brokers with access to this exchange. With online brokers, you can also buy Vodafone shares as derivatives.
Vodafone is a British telecommunications company based in the UK. It was founded in 1982 by Gerry Whent and Ernest Harrison. Currently, Vodafone operates under the leadership of Nick Read, who took over as the CEO in 2018.
Vodafone was founded in the United Kingdom in 1982. It also has other subsidiaries across the globe, including Germany, Ghana, Australia, Ireland, Egypt, etc.
Expert Opinion
As an expert who has closely monitored Vodafone’s transformation over the years, I believe the company has great potential. Its global presence continues to expand, and the brand has now become one of the leading brands in the telecommunications sector. Vodafone’s position in many regions continues to grow and strengthen, including emerging markets in Africa.
To summarise, I strongly recommend you buy shares in Vodafone using the brokers recommended here. That is especially if you are interested in shares that pay dividends or are looking to invest in undervalued stocks with great potential.
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25,000 hours of testing 70+ brokers. Our recommended broker is Pepperstone.
Our recommended broker is Pepperstone.
