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How to buy Vodafone shares

Like most of us, you have probably imagined buying shares of a company that skyrockets in a couple of years in value, making you enough money to travel and chill for the rest of your life. Maybe even Vodafone was among your top picks for buying its shares, or it will be. In reality, investing is a bit more complex than waiting for the birds flying into your mouth ready roasted, but hey, you have to start somewhere right?

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

While we do not specifically advise to buy Vodafone shares, this article explains in layman's terms how you can buy shares in companies in general, taking Vodafone as an example. Whether your first share to buy should be Vodafone 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 Vodafone shares
Overview of Vodafone

Vodafone is a UK Communication Services company, traded on the NASDAQ under the VOD ticker. It's valued at $37.3 billion and it is famous as a British multinational telecommunications conglomerate. If you'd like to buy its stocks you need to find a broker that gives you access to the NASDAQ because that's the main exchange it's traded on (hang tight, we'll get into this in a bit). Vodafone's market cap was around $37.3 billion at the time of writing, which is March 2019.

All of this doesn't mean that Vodafone 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 Vodafone shares
Steps of buying Vodafone shares

Okay so for your own reasons you have decided you'd like to buy Vodafone. That's a good start. Let's see what lies ahead of you before you can officially state that you are a shareholder of Vodafone! The process is rather similar for any company shares and again, we only take Vodafone 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 Vodafone, simply because they don't have access to the NASDAQ. 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 Vodafone 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:

Find my broker

When recommending a broker, we take into account different factors, like the broker's fees, trading platform, accessible markets to trade, and how easy it is to open an account. Safety is also highly important, but since we recommend only safe brokers, you do not have to worry about it.

Step 2: open your brokerage account

After finding your online broker, you need to open an account. This is much like a regular bank account and opening one is usually a fully online process. At some brokers it's as quick as opening a new Gmail account, at some brokers it takes a couple of days until they do some background check on you. Instead of storing money on it you will store your shares on this though, so you definitely need this to buy Vodafone shares and to store them.

Step 3: deposit money to your account

You will pay cash to buy those Vodafone 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.
The most common way you can deposit your money is bank transfer and using credit/debit card. At some brokers, you can deposit to your investment account even from different electronic wallets like Paypal, e.g. at eToro.

Step 4: buy the Vodafone 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 Vodafone 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).

A couple of hints around this: when placing an order, you can choose from different order types. The market order buys at the actual market price, while the limit order allows you to specify the exact price at which you want to buy the share.

Step 5: review your Vodafone position regularly

You are not finished after you purchased your Vodafone stock. Now it is key to monitor your investments. This basically means following your investment strategy. If you bought the Vodafone 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.

If you plan to sell it shortly after you see some increase in the price, you might use different position management tools. E.g. you can set the target price at which you want to sell the share with a profit, or use the stop-loss to set a price at which you want to sell the share to avoid further losses.

Now that you have mastered the 5 steps of buying shares, take a moment to look at the top 5 brokers we have selected for you.

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

Robinhood Robinhood is a US-based zero-commission broker. It is overseen by FINRA, a top-tier regulator. Visit broker
Webull Webull is a discount US stockbroker regulated by the top-tier SEC and FINRA. Visit broker
eToro eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. Visit broker
Your capital is at risk
Fidelity Fidelity is a US stockbroker. It is regulated by top-tier authorities the SEC and FINRA. Visit broker
DEGIRO DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected. Visit broker

How to buy Vodafone shares
Fees for investing in Vodafone stocks

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

Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade or $0.005/share.

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

Vodafone stock fees
Robinhood Webull eToro Fidelity DEGIRO
US stock Stock and ETF trading is free $0 per trade Free stock and ETF trading Free stock and ETF trading $0.004 per share + €0.5
US stock fees class Low Low Low Low Low

How to buy Vodafone shares
How to reduce risks

Investments always come with some risks, investing in Vodafone 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

Risk: unfortunately, there are tons of scam "brokers" that are trying to steal your money. When you are faced with binary option ads and automated investment algorithms that generate outstanding returns, start to get highly suspicious. In these cases, the best thing to do is to immediately turn these ads down.

How to manage it: when buying shares online, go with our broker selection. We have an active account with the brokers we selected and we test them regularly.

Diversify your portfolio

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

How to manage it: buy other shares as well, not only Vodafone 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 Vodafone shares
Bottom line

How to purchase Vodafone 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

It may look tricky for the first time but all you need to do is progress step-by-step.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology