Woodbois (LON: WBI) produces, processes, manufactures and sells sustainable softwood and hardwood products. They grow and mill timber in West Africa and sell it globally.
Read on for more details about buying shares in Woodbois.
On website
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk
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.
On 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.
On website
When you invest, your capital is at risk.
Lightyear
Highlights
- Invest in over 3,000 international ETFs and stocks in the EU, UK, US, and more.
- Simple and easy-to-understand pricing. Per order, Lightyear will charge 0.1% (up to $1 max) on US shares, £1 on UK shares, and €1 on EU shares.
- Earn interest* on uninvested cash, USD (4.50%), EUR (3.25%), GBP (4.5%), and HUF (8.25%) p.a. gross.
- No account-keeping fees.
*The interest rates are true as of 11.01.2023
* Finty will be paid a referral fee, including financial promotion if you open an account and deposit funds through some of the links on this page.
Pros
Cons
On website
Saxo Markets
Highlights
- It only takes five minutes to open your account online.
- Get ultra-competitive spreads and commissions across all asset classes.
- Get news, commentary and actionable trade ideas from their team of expert analysts.
On website
80.9% of retail investor accounts lose money when trading CFDs
Pepperstone
Highlights
- Trade gold, silver, oil, and more.
- Enjoy industry-leading low spreads from 0.0 pips.
- Regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB.
On 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.
Compare share dealing platforms on Finty. Make a more informed decision about where to trade.
Step 1: Sign up with a broker
Woodbois is listed on the London Stock Exchange, which your broker must have access to in order to buy their shares. Many brokers have access to other markets in addition to London.
Here are some things to consider before deciding on a broker.
- What commission do they charge on trades? This can make a difference to the profitability of smaller trades.
- What markets and tradable assets are available? This matters if you would like to invest in overseas stocks, forex, commodities, and so on.
- Is it possible to invest with fractional shares? If so, it’s more feasible to invest and diversify into more expensive shares.
- What is their currency conversion fee? It’s worth finding out if you want to buy international shares.
Step 2: Fund your trading account
To buy shares in Woodbois you'll need to have cleared funds.
Bank transfers and debit cards are the most widely accepted ways to deposit funds. Your broker may also accept credit cards, but, because of the potential for fraud, this is less common.
Step 3: Decide how much to allocate
Things can go wrong in the stock market, which is why you should never invest more than you can afford to lose.
By investing in shares periodically, you are less exposed to the highs and lows of the market. With good timing, you can buy the dips and pound cost average down.
Step 4: Choose whether to invest in shares or an ETF
An ETF (Exchange Traded Fund) is a type of managed diversified investment. They are made up of shares in a number of companies often in a specific sector or industry. An ETF’s name indicates its focus.
Step 5: Set up your order
A market order is the easiest way to buy or sell shares at the market price. What you actually pay per share versus what you get quoted may vary slightly depending on the market.
With most brokers it is possible to configure trigger orders that are executed automatically when the share hits a certain price. Many investors use these orders to protect their profits by selling out of a position when the market turns, taking profit.
News stories about Woodbois, its competitors, and the sustainable timber industry could all impact the price of Woodbois shares.
If you want to learn more about what is happening in the sustainable timber industry, monitor Weyerhaeuser (NYSE: WY), Rayonier (NYSE: RYN), and Plum Creek Timber (NYSE: PCL).
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.
