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How to Buy Tullow Oil Shares UK – With 0% Commission

Do you want to Buy Tullow Oil Shares but don’t know where to start? Based in the United Kingdom, Tullow Oil is an independent oil and gas exploration and production (E&P) company that was established in 1985. Tullow Oil is listed on the London Stock Exchange and is a FTSE 250 constituent. The company has interests in 44 exploration and production licences spanning 11 countries. With a market cap of £664.30 million, many investors have Tullow Oil shares in their watchlists, but is it a good investment right now? 

With this in mind, let’s cover everything you need to know to buy Tullow Oil shares in the UK right now with 0% commission!

How to Buy Tullow Oil Shares UK – Step by Step Guide

If you’re looking to buy shares right now then we’d recommend the leading copy trading platform eToro. Opening an account and depositing funds is straightforward, and more than 20 million traders benefit from the broker’s market-leading fees. Furthermore, you can even invest in shares with as little as $50 via fractional share trading. 

  1. Open an eToro Account – Head over to eToro’s website and hit the button marked ‘Join Now’. Next, enter a valid email address and select a username and password.
  2. Verify your Account – To verify your eToro account simply upload proof of identity (a copy of your passport or driving license) and proof of address (a copy of a bank statement or utility bill).
  3. Deposit funds – Deposit at least $50 using a credit/debit card, bank transfer, or e-wallets like PayPal or Skrill. 
  4. Buy Tullow Oil Shares – Search for the name or ticker symbol of the company you’d like to invest in and click ‘Trade’. Enter the amount you’d like to invest and then click ‘Open Trade’.

Step 1: Choose a Stock Broker

The first step to stock trading is to open an account with a trusted stock broker. The best brokers act as intermediaries between the financial markets and traders, pairing buyers and sellers together. As such, you must choose a regulated broker that is suited to your trading needs. 

With that in mind, this section focuses on a handful of the best brokers to buy shares in the UK right now. 

1. eToro – Overall Best Broker to Buy Tullow Oil Shares in the UK with 0% Commission

eToroThe best broker to buy shares in general is eToro. Since its initial launch back in 2006, eToro has grown to become one of the leading copy trading platforms. Home to over 20 million traders worldwide, eToro is a top-rated broker that’s fully regulated by top-tier financial authorities including the UK’s Financial Conduct Authority, CySEC, and ASIC. UK-based traders are therefore covered by the FCA should the broker become insolvent. The Financial Services Compensation Scheme compensates up to £85,000. 

Fees and Commissions

In terms of commissions and trading fees, eToro has some of the most competitive fees out there. On eToro you can buy and sell a range of financial products across heaps of markets without paying a penny in commissions. As one of the best CFD brokers, eToro allows investments as little as $50 via fractional share trading. Simply put, fractional shares allow you to buy portions of a whole share as opposed to investing the full amount.  

Buy Tullow Oil Shares on eToro with investments as low as $50

Payments

eToro also does not charge deposit fees or account fees. The minimum first-time deposit for UK investors is just $50, which is perfect for beginner traders who want to trade on a budget. Depositing funds into your eToro account is simple and quick as you can use credit and debit cards, bank transfers, and e-wallets including PayPal and Neteller. 

Copy Trading & Demo Account

Lastly, eToro offers a user-friendly web-based platform and a fully-fledged mobile trading app, allowing you to manage your portfolio wherever you are. You can also practice your stock trading strategies with the eToro demo account. Otherwise referred to as a paper trading account you can practice online trading with $100,000 of virtual funds in a risk-free simulated environment. You can also use copy trading tools like CopyTrader and CopyPortfolios to copy the trades of other experienced traders. 

Buy Tullow Oil Shares with eToro's CopyTrader

Fee Type Charge
Stock Trading 0% Commission
Fractional Share Trading Invest as little as $50
Account fee None
Deposit fee None
Withdrawal fee $5
Inactivity fee $10 after 12 months

Pros

  • Regulated by the UK’s FCA, CySEC, ASIC
  • Buy shares listed on 17 international markets with 0% commission
  • Free Demo Account with $100,000 of paper funds
  • Wide range of convenient payment methods & innovative copy trading tools
  • Invest as little as $50 with fractional share trading

Cons:

  • $10 inactivity fee after 12 months

67% of retail investor accounts lose money when trading CFDs with this provider. 

2. Plus500 – Top-rated CFD broker with 0% Commissions on Shares with Leverage up to 5:1

Launched in 2008, Plus500 is a global CFD broker that’s fully regulated by the UK’s Financial Conduct Authority. In 2013 Plus500 Ltd went public in the AIM section of the LSE (London Stock Exchange), and consequently became a constituent of the FTSE 250 index of leading mid-cap listed companies. 

Fees and Commissions

Most of Plus500’s services come free of charge, this includes zero deposit fees, no commission per side when you open and close positions. The bulk of the fees that you’re most likely to encounter are built into the market spread. While Plus500 continues to grow as a top CFD broker, it currently offers an impressive portfolio of over 2,000 financial instruments. 

Plus500

Payments

Funding your Plus500 trading account is seamless as you can deposit funds using a variety of payment methods from bank transfers and credit cards, to debit cards and e-wallets. E-wallet and debit/credit card payments are processed instantly. 

The minimum deposit is $100 for debit/credit cards and e-wallets and $300 for bank transfers. The minimum withdrawal amount via PayPal is $50 and $100 for bank transfers and debit/credit cards. Withdrawals often take three business days and there are no deposit or withdrawal fees. 

Fee Type  Charge
CFD Commission Fee 0% commission as fees are built into the spreads
Overnight Funding Fee Varies depending on the asset
Currency Conversion Fee 0.7%
Inactivity Fee $10 per month after 3 months 
Guaranteed Stop Order Trades that use this order type are subject to wider spreads
Deposit Fee None
Withdrawal Fee None
Minimum deposit  $100 for debit cards, credit cards, and e-wallets. $300 for bank transfers.

Pros

  • Regulated by the UK’s FCA
  • Commission-free CFD trading with tight spreads
  • 24/7 customer support
  • Demo account with £40,000 of virtual funds
  • Clients’ funds are held in segregated bank accounts

Cons:

  • Lack of fundamental data

72% of retail investor accounts lose money when trading CFDs with this provider.

3. Fineco Bank – Top-Rated Broker with Fixed Commission for UK Shares of £2.95

fineco-bank-logoFineco Bank is an Italian bank, established in 1999. In terms of regulations, it’s authorized by the Bank of Italy and is subject to partial regulations from the UK’s Financial Conduct Authority and the Prudential Regulation Authority. Fineco holds a banking licence, is listed on the Italian stock exchange, and is one of the companies making up the STOXX Europe 600 index. 

Fees and Commissions

Fineco Bank has competitive fees when it comes to buying and selling stocks and ETFs. It also does not charge withdrawal or inactivity fees. But, its forex fees and overnight financing rates are slightly above average. For UK-based traders, there is a fixed commission of £2.95 per trade when you buy and sell stocks listed on UK markets, and £3.95 per trade when you invest in US-listed stocks

Payments

Fineco Bank offers a wide range of account base currencies with zero deposit fees. However, the payment options are rather limited as credit and debit cards and electronic wallets are not supported. This means that the only payment method you can use to deposit funds is a bank transfer.

Fineco also offers its proprietary mobile trading app that’s available for Android and Apple devices. 

Fee Type Charge
UK-listed stocks & ETFs £2.95 per trade
US-listed stocks & ETFs £3.95 per trade
Account fee None
Deposit fee None
Withdrawal fee None
Inactivity fee None
GBP Margin Rate 8.0%

Pros

  • Partially regulated by the UK’s FCA
  • Listed on the Italian stock exchange – Borsa Italiana
  • User-friendly mobile trading app
  • Low non-trading fees
  • Invest in UK-stocks and ETFs with fixed commission of £2.95 per trade

Cons:

  • No demo account

65.11% of retail investor accounts lose money due to CFD trading with FinecoBank.

4. Capital.com – Best CFD Broker to Invest in Stock CFDs with 0% Commission

Capital.comFounded in 2016, Capital.com is a popular forex and CFD broker that’s regulated by top financial authorities including the UK’s FCA and CySEC. Capital.com’s CFD trading platform offers traders one of the best online platforms for buying and selling contracts for differences. Users can speculate on the price movements of over 2,000 shares and pinpoint unique trading opportunities with 75 technical indicators.  

Fees and Commissions

As we have already mentioned, Capital.com facilitates stock CFD trading on a commission-free basis. Moreover, you can use leverage up to 5:1 meaning that you can invest as little as $100 to gain control over a position of $500. In terms of non-trading fees, Capital.com does not charge a fee for deposits, withdrawals, or inactivity. 

Buy Tullow Oil Shares on Capital.com

Capital.com’s best selling point is that all tradable assets can be traded on a zero commission basis. Furthermore, this is ideal for day traders as you can choose from long and short positions based on market speculation. 

Payments

With a minimum deposit of just $20, you can fund your account using credit/debit cards, bank wire transfers, and e-wallets including Apple Pay and Trustly. It usually takes up to one business day for funds to be withdrawn, whereas deposits using a debit card or e-wallets are processed instantly. 

Capital.com mobile app

The Capital.com CFD trading app is compatible with Apple and Android mobile devices that features a user-friendly interface. The onboarding process takes less than five minutes and gives you access to the same features as the web-based platform. In summary, this is one of the best trading apps for investors looking to buy and sell stock CFDs from their smartphones. 

Capital.com homepage

Fee Type Charge
Stock CFD Trading 0% Commission
Share CFD Leverage Trade with leverage up to 5:1
Account fee None
Deposit fee None
Withdrawal fee None
Inactivity fee None

Pros

  • Authorized and regulated by CySEC, and the FCA 
  • Speculate on over 2,000 shares
  • Useful demo account to practice trading
  • Several supported payment methods including Apple Pay
  • Discover trading opportunities with 75+ technical indicators

Cons:

  • Products and Markets Limited to CFDs and Forex

75.26% of retail investor accounts lose money when trading CFDs with this provider.

Broker Price Comparison

Let’s take a look at how each of these top-rated brokers do when pinned against each other in a convenient comparison table.

Broker Commission  Account Fee Deposit Fee
eToro 0% None None
Capital.com 0% None  None
Plus500 0% None None
Fineco Bank £2.95 for UK-listed stocks None None

Step 2: Research Tullow Oil Shares

Should I buy Tullow Oil shares? To answer this question you need to do your homework. And by homework, we mean past performance, fundamental and technical research to see whether the company has strong earnings per share, P/E ratios, and is likely to sustain its market uptrend. 

With this in mind, let’s cover the ins and outs of this UK-based oil and gas company to determine whether its shares are a good buy or not. 

What is Tullow Oil?

Listed on the London Stock Exchange (LSE: TLW), Tullow Oil is an oil and gas explorer and producer that operates in South America and Africa. 

Buy Tullow Oil Shares

Tullow Oil has 44 licenses that span across 11 countries in Africa and South America. The company’s production assets are in West Africa, with offshore production from Ghana, and Cote d’Ivoire. Tullow has conducted material discoveries in East Africa and has progressed its project in Kenya towards development. 

This well-established oil explorer and producer is now focused on producing low-cost oil and gas in an environmentally friendly manner. The company’s key activities include creating material value for host countries, generating local business opportunities, and maintaining investor confidence and interest. Tullow Oil shares are listed on the London, Irish, and Ghana Stock Exchanges. 

Tullow Oil Share Price

The current market price of Tullow Oil shares is 44.28 GBP giving it a market cap of £654.04M. On May 18th, 2018 Tullow Oil stock was trading at a peak of 276.00 GBX, and then on March 13th, 2020, TLW’s share price hit a low of 10.92 GBX. This represents a drop of -96.0435% in the space of two years. Is this penny share a good investment right now?

Buy Tullow Oil Shares eToro ProCharts TLW Chart

67% of retail investor accounts lose money when trading CFDs with this provider. 

Despite the turmoil caused by the coronavirus pandemic, Tullow Oil shares have performed well recently. From 2019 to 2020 the company’s sales revenue has dropped by -17.64%, and its bopd production has fallen by -13.6%. Tullow ended last year with a mean production rate of 74,900 bopd and a free cash flow of c. $430 million. 

Against the Covid-19 backdrop and its influence on the price of oil, market volatility, and consumer confidence, Tullow Oil has managed to cushion the impact of the global pandemic by ending 2020 with a positive free cash flow. 

Tullow Oil Shares Dividends

Tullow Oil’s most recent dividend payout was in August 2019. 

Dividend amount £0.019
Dividend type Cash dividend
Ex-dividend 29 August 2019

Tullow Oil’s total dividend yield, which is its annual dividend payments divided by its market cap, was 8.78% in 2019, which gave it a 0.0562 GBP dividend per share. Since then it has suspended its dividend payouts for the foreseeable future.

Are Tullow Oil Shares a Good Buy?

Oil prices are looking strong, and Tullow Oil is one of the oil stocks gaining on its success. On January 4th, 2021 Tullow Oil shares were priced at 28.79 GBX, this indicates a YTD increase of 53.35%. However, over the past five years, the company’s shares are still down by 77.81%. 

What is YTD? Year to date (YTD) represents the period of time between the first day of the current fiscal year up to the current date. YTD data and statistics are key when examining market trends over time. 

 

Tullow Oil price chart Google - Buy Tullow Oil Shares

67% of retail investor accounts lose money when trading CFDs with this provider. 

Does this mean Tullow Oil plc is a potential post-pandemic recovery oil stock? In the final quarter of 2019, the oil and gas producer shook the market as it reduced its guidance for the next three years. On July 14th, 2021 Tullow lowered its guidance even further to a range of 55,000 and 61,000 bopd (barrels of oil per day). 

After that, the Tullow Oil market price dropped again and it’s taken investors up and down since. Nevertheless, we still have the robust YTD gains to consider, and at first glance, you may be wondering why this oil stock is appealing to investors in the first place. 

Positive uptrends

The recent July update also indicates a positive cash flow trend. Tullow Oil is predicting a free cash flow of $600 million for this fiscal year. This forecast is based on an average resistance level of $60 per barrel for 2021. The markets are seeing prices higher than that, with the current price of Brent crude oil $69.79 up by 0.98% from the previous close of $69.03. According to Tullow, if the price of oil can maintain a level above 70 USD per barrel it could increase its operating cash flow by $50 million. 

This is why investors are adding Tullow Oil shares to their watchlists right now. On the flip side, the company has a net year-end debt of £1.65 billion. To put that into context, when compared to its market capitalisation, the company’s debt equates to 25,129.36% of its entire value. 

Step 3: Open an Account & Buy Tullow Oil Shares

If you want to buy Tullow Oil shares in the UK, you must register with one of the best share dealing accounts. We’ve found that eToro offers the best trading platform for buying shares listed on UK exchanges. Furthermore, you can buy portions of Tullow Oil shares with a minimum investment of just $50 as eToro supports fractional share trading. 

As such, let’s go through the required steps to start buying shares with the leading broker eToro on a commission-free basis. 

Step 1: Create an eToro Account

etoro open account

67% of retail investor accounts lose money when trading CFDs with this provider.

Head over to eToro’s website and click on ‘Join Now’. Enter your name, phone number, and email address, and choose a username and password for your new brokerage account. 

Step 2: Verify your Account

Since eToro is fully regulated by the UK’s FCA, ASIC, and CySEC, all new traders must verify their identity by undergoing the standard KYC process. The verification process is seamless and fully digital. Tap on the button marked ‘Complete Profile’ from the dashboard and upload proof of identity and address. 

Step 3: Deposit Funds

The minimum deposit is just $50 for UK-based traders and you will not pay a penny in deposit fees. When it comes to payment methods eToro supports a range of options from credit cards and debit cards, to e-wallets and bank transfers. 

Step 4: Search for and invest in the shares you want – Buy Tullow Oil Shares

After your account has been successfully verified and funded, you can go ahead and start investing. For example, simply type the name of the company or the ticker symbol of the stock you want to buy and click on ‘Trade’. 

Buy Tullow Oil Shares

An order window will appear allowing you to specify your investment amount and whether you want to use leverage to avoid taking ownership of the underlying asset. Once you’re happy with your choices just click on the button marked ‘Open Trade’ to open your position and buy shares with 0% commission. 

Buy Tullow Oil Shares on eToro

67% of retail investor accounts lose money when trading CFDs with this provider. 

Tullow Oil Shares Buy or Sell?

On July 14th 2021, issued an update to its guidance ahead of the Group’s 2021 YTD results, which are set for publication in mid-September 2021. The company’s CEO, Rahul Dhir said “I am pleased to report that Tullow has made excellent operational and financial progress in the first half of 2021. Our producing fields in West Africa are performing well and we have successfully started our drilling programme in Ghana. This strong operational performance, combined with continued capital discipline, improved market conditions and asset sales in Gabon and Equatorial Guinea, supported our transformational debt refinancing. Tullow now has a strong financial footing and we are making very good progress in delivering on our highly cash generative business plan and continuing to reduce our debt.”

Oil and Gas production - Buy Tullow Oil Shares

As part of a big refinancing package, Tullow Oil issued bonds worth $1.8 billion in May. While this is an important milestone towards dealing with the Group’s immense debt, there are other challenges it has to overcome. Many analysts and investors are concerned about the growing demand for renewable energy and a move to zero carbon emissions by the end of the decade. They’re concerned about the impact this will have on the oil industry and oil stocks like Tullow Oil. 

In summary, given the company’s huge debt and the global appeal for zero carbon emissions, many investors are keeping a close eye on Tullow Oil shares to see what the Half Year Results will bring on September 15th. 

eToro – Buy Tullow Oil Shares with 0% Commission

Many expert investors prefer to diversify their portfolios with a combination of stocks with strong fundamentals and a few more volatile assets such as meme stocks and cryptocurrencies. This way you don’t put all your eggs into one basket. But if you’ve decided to invest in Tullow Oil shares you can invest in fractional shares with as little as $50 on eToro right now!

You can also use eToro’s copy trading features to copy the trading strategies of other expert investors from the comfort of your own home. With an investment of just $50 you can build a diversified portfolio of stocks listed on 17 international exchanges. And the best part is you won’t have to pay a penny in trading commissions. 

eToro

67% of retail investor accounts lose money when trading CFDs with this provider.  


Frequently Asked Questions about Tullow Oil shares

Should I buy Tullow Oil shares?

Does Tullow Oil pay a dividend?

What is the Tullow Oil share price forecast for 2025?

Why is Tullow Oil share price falling?

What is Tullow Oil worth?

About Dassos Troullides PRO INVESTOR

Dassos Troullides is an experienced finance writer who specializes in CFD, stock, forex, and crypto trading. He uses his experience and time spent in the forex industry to simplify complex financial topics for easy, informative reading. Dassos also writes for EconomyWatch.com, TradingPlatforms.com, LearnBonds.com, InsideBitcoins.com and ForexCrunch.com

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