How to buy Vodafone (VOD) shares

By   |   Verified by Andrew Boyd   |   Updated 31st August 2022

  • Find out how to buy Vodafone shares and invest in the communications sector.
  • Details about finding a broker to use.
  • Understand different types of orders work before buying any shares.

Vodafone (LON: VOD) is a telecommunications and IT services corporation established in the United Kingdom. Their services are available in Europe, Oceania, Africa, and Asia.

Vodafone offers broadband and internet television in addition to mobile phone services. Millions of people who previously had no access to banking services have had their lives transformed by their M-Pesa mobile money transfer system.

Read on for our complete step-by-step guide to investing in Vodafone shares.

Unsure about what share dealer to use?

Where to buy Vodafone shares

eToro

On eToro's website

68% of retail CFD accounts lose money

eToro

Highlights

  • Trade and invest in top financial instruments, including a wide selection of stocks.
  • eToro is regulated by CySec, FCA and ASIC
  • Your funds are protected by industry-leading security protocols.
Freetrade

On Freetrade's website

Freetrade

Highlights

  • With fractional shares, you can start investing from only £2.
  • Choose from thousands of stocks from the London Stock Exchange, NYSE and NASDAQ.
  • Access to a wide range of ETFs and Investment trusts.
Hargreaves Lansdown

On Hargreaves Lansdown's website

Hargreaves Lansdown

Highlights

  • Offers easy-to-use trading platforms.
  • Invest across 20 international exchanges in shares, funds, bonds and investment trusts.
  • Dealing charges depend on how many trades you make each month.
Fineco

On Fineco's website

Fineco

Highlights

  • Open an account and get £500 in trading commissions to use within 3 months.
  • Access 26 global markets and trade 20,000+ financial instruments worldwide.
  • Low fees and spreads, 0 commission and no markup on FTSE100, US and EU Shares CFDs, and no additional charges on stock prices, market spread only.
  • Trade anywhere and hold GBP, EUR, USD and 20+ currencies in a single account.

Compare stock dealing platforms on Finty. Research fees, commissions, tradable assets, markets, etc.

First time buying?

How to buy Vodafone shares

Step 1: Sign up with a broker

Vodafone is listed on the London Stock Exchange. You'll need a broker with access to this exchange if you are to buy shares in the company.

Be sure to choose a platform with a seamless user experience so you can spend less time figuring out what to do and more time achieving your investment goals.

Other things to consider when comparing your options include what stockmarkets and instruments can be traded, for example, US shares, commodities, crypto, etc. Pay attention to the brokerage and foreign exchange fees, too, since these vary between brokers.

Step 2: Fund your account

You’ll need to have cleared funds available in your account before you can buy shares. Fund your account with a bank transfer or debit card. It may be possible to use a credit card, but this varies considerably between brokers. Be careful if investing with borrowed money.

Step 3: Decide how much to invest

Investing is not without risk and there is a chance you could lose some or all of your money. You can invest smaller amounts over time to distribute risk. A broker with fractional shares may be more suitable if operating with a limited budget.

Step 4: Invest in shares or an ETF?

ETFs can help diversify your portfolio because they hold shares in several companies instead of shares of a single company.

ETFs with shares of Vodafone include Defiance Next Gen Connectivity ETF (FIVG), Pacer Global Cash Cows Dividend ETF (GCOW), and InfraCap Equity Income Fund ETF (ICAP).

Step 5: Create an order

A market order is the most basic type of order, meaning your broker will buy shares in Vodafone at the next available price.

If you have a target price in mind, most brokers will let you configure an order to automatically buy or sell once a price target has been hit. Alternatively, you may be able to set up a recurring order to buy shares periodically.

After you buy

What moves Vodafone's share price

Keep an eye on the direction the Vodafone board is taking the company. Read up about the markets they are entering and any new products they are developing or launching. Press releases and financial reports are excellent sources of information too.

Take an interest in what their chief competitors are doing. These include Orange (EPA: ORA), Telefonica (BME: TEF), Telstra (ASX: TLS), and Deutsche Telekom (ETR:DTE).

Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.