How to Buy Deliveroo Shares

Our view:  The next generation of online trading platform apps means you can get setup & buy shares in as little as 10 minutes!

  1. Select a share trading platform – See below 3 top platform picks
  2. Open your share trading account – To do this you will need your bank details and national insurance number
  3. Fund your account – You will need to fund your a/c with a debit or credit card or bank transfer
  4. Search for the share using the stock code – Type in the stock code DROO into the search box
  5. Check out the latest info and price for the share you want to buy – Some platforms offer free research and analysis
  6. Buy DROO shares – Nice and easy!

5 Top picks for buying shares after the Deliveroo IPO

eToroHow to Buy Deliveroo Shares Fair Investment

Capital is at risk. 

eToro has more than 20 million clients and allows you to buy shares with no dealing fees or commissions.

  • 0% commission when you buy Deliveroo shares
  • Free account
  • Inactivity fee after 12 months
  • Editors choice: Great for new traders!

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IG

Capital is at risk. How to Buy Deliveroo Shares Fair Investment

  • Buy & sell UK shares from £3 per trade (frequent trader)
  • Free account
  • Trade & Invest in 16,000+ international shares

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Hargreaves  LansdownHow to Buy Deliveroo Shares Fair Investment

Capital is at risk.

  • Buy & sell Shares from £5.95 to £11.95
  • No account fee charge if you trade only shares
  • No 1 investment platform in UK for private investors

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Interactive Investor

Capital is at risk.How to Buy Deliveroo Shares Fair Investment

  • Buy & Sell Shares from £7.99
  • Account fee of £9.99 pm (Covers you for mutiple accounts)
  • 1 free trade pm
  • Over 40,000 UK & global shares to choose from

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AJ Bell

Capital is at risk.How to Buy Deliveroo Shares Fair Investment

  • Buy & sell shares from £4.95 to £9.95
  • Account fee – maximum of £3.50 pm (Based on value of shares held)
  • No inactivity fees
  • Open account in 10 minutes & fund instantly with debit card – it’s easy!

Go To Site »

About Deliveroo

Deliveroo which is legally incorporated as Roofoods Ltd was founded in 2013 by William Shu in England and operates in 13 countries including the UK, France, Australia and the UAE.

The business operates through an online app allowing users to order their favourite meals from restaurants in their location. Users can track the progress of their orders once  an order is placed with a restaurant.

The company today has over 115,000 restaurants on their app, and also works with supermarkets delivering food to over 6 million customers.

Why use a trading platform to buy shares?

You don’t have to buy and sell UK shares using a share platform to manage your investments.

You could go down the old school route using a stockbroker directly to buy and sell investments.

This can involve lots of paperwork and waiting for the postman to send you paper statements which for some people may be perfectly adequate.

Your preference may be to deal with a real person to make things happen – whilst this can work it can be slow and cumbersome and potentially more expensive.

The good news is that with advances in technology,  investors now have significant choice when buying UK and international shares.

Benefits of using a trading platform include:

  • Lower trading costs
  • Easy access to the UK and international stockmarkets
  • 24/7 access to your investments
  • You can hold all your tax efficient investments such as ISAs and SIPPs in one place:  including lifetime ISAs, right to buy ISAs and  junior ISAs
  • Plus any other fund holdings or shares that you’re trading outside of a tax-free environment, from a general trading account


How do you pick a trading platform?

Trading platform services offered vary widely, and so do the costs.

5 things to consider:

1. Do you just want to trade shares?

Not all investment platforms allow you to trade all shares on all markets.

If your focus is on UK shares then there is an extensive choice of options.

If you want to invest further afield then you need to ensure the platform you choose is right for you.

2. Do you want to do a lot of trading?

Active investors will want to look for a platform that offers the lowest fees for volume trades.

If you are going to trade shares regularly most trading platforms will offer lower trading prices based on volume.

3. What types of trading account are offered?

Some trading platforms offer as well as general trading accounts, ISA accounts and Self Invested Personal Pension Accounts which offer tax free trading benefits (no tax on dividends or capital gains tax on realised profit).

Trader accounts which offer ISA and SIPP accounts include IG  and  Interactive Investor.

If you also interested in investing or trading in funds then this again may determine who you go with.

If you are interested in ETFs, Investment Trusts, Open Ended Investment Companies (OEICs) or Unit Trusts then you will need to check with the platform provider what is available. e.g. Some platforms only offer a limited number of collectives such as OEICs.

Charging structured for funds held on the platform will vary. Over time the impact of such charges can be significant. Check the platform charging structure carefully.

 5. How easy is this trading platform to use &  what kind of features does it offer?

How easy is the platform to use to buy and sell UK shares?

Platform functionality is becoming the key battleground in persuading traders which platform to select.

Some platforms such as eToro offer customers the option of copying trades of successful traders. This can be an attractive option for new traders where you don’t have to decide when to buy or sell. For more info on what is copy trading and how does it work click here.

Mobile app features are also key in offering traders alerts and buy/sell signals whilst on the move.

These are often the criteria that count most highly with users, so do some research and read the reviews.

Many investors are prepared to pay a bit more in fees  for a platform that offers really useful apps and services.

 

IMPORTANT:

No news, feature article or comment should be seen as a personal recommendation to invest. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular plan. If you are at all unsure of the suitability of a particular product, both in respect of its objectives and its risk profile, you should seek independent financial advice.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-75% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

Tax treatment of ISAs depends on your individual circumstances and is based on current law which may be subject to change in the future. ISA transfer charges may apply, please check with your provider.

Written by Editorial Team ,
15th March 2021