Buy Tesco Stocks: How to Invest in TSCO Shares

Tesco PLC is a multinational supermarket chain with its headquarters in Welwyn Garden City. The company is behind thousands of stores both domestically and internationally, and it still holds the largest market share in the UK. Tesco has since expanded into other revenue streams – such as insurance, clothes, mobile telecommunications, and home deliveries – subsequently allowing the firm to diversify out of its core grocery offering.

It is important to note that Tesco has had a somewhat turbulent time in the financial markets since 2014. This was in response to the infamous accounting scandal that saw national regulators enforce monetary penalties on the chain. With that said, Tesco shares have been in an upward trajectory since 2016, so you still have a chance to buy stocks on the cheap.

As such, if you’re wondering how to buy Tesco stocks today, be sure to read our in-depth guide which will give you a step-by-step overview of how to purchase shares in the company, the best stock brokers to do so and a full breakdown of whether or not Tesco stocks represent good value.

Best U.S. Platform to Buy Tesco Stocks

We’ve scoured the web to find the best stock broker in the U.S. for investing in Tesco and found Stash Invest to offer the best platform, lowest fees and most appealing bonus. Click the table below and get started with $5 only today.

Best Platform to Buy Tesco Shares outside the U.S.

Based in a country other than the US? If so, we would suggest checking out the merits of Webull. The US-based stock exchange platform hosts thousands of shares – including that of Tesco. You won’t be accustomed to any fees or commissions – other than the spread.

How to Buy Tesco Stocks in the U.S. 

How to Buy Tesco Stocks outside the U.S.

If you're based outside of the US and you want to buy Tesco stocks today, it might be worth using Webull. Not only is the broker regulated by the US SEC (FCA), but its parent company is listed on the London Stock Exchange. As such, Webull has one of the best reputations in the online stock trading space.

With that said, we've outlined the step-by-step process you will need to take with Webull if you want to buy Tesco stocks.

Step 1: Open an Account With Webull

To get the ball rolling, you will need to head over to the Webull website and open an account. The broker will ask you a range of questions pertaining to your personal and financial standing. For example, you'll need to enter your first and last name, home address, date of birth, and contact details. Make sure the information is correct, as you'll be asked to verify it in the form of documentation.

To complete the verification process - which is a requirement with all regulated brokers, you will need to upload a copy of your government-issued ID. This needs to be a passport or driver's license. Depending on where you live, Webull might also ask for a proof of address. If they do, you'll need to upload a recent copy of a bank statement or utility bill.

Step 2: Fund your Webull Account

Once you've opened your Webull account and verified your identity, you will then need to deposit some funds. The broker offers heaps of payment methods to choose from. This includes a debit/credit card, bank transfer, or an e-wallet PayPal.

Take note, the minimum deposit amount at Webull is $/€/£100. Apart from a bank account transfer - which can take 3-5 working days to arrive, deposits at Webull are usually instant.

Step 3: Buy Tesco Stocks at Webull

To get Tesco shares, enter 'TESCO' into the search box, and decide whether you want to go long (buy) or short (sell). You then need to enter the amount of shares that you wish to trade.

Finally, you then need to decide whether you want to place a limit or market order. If opting for the former, this means that you need to enter the price that you want the trade executed at. If you want to take the next available price, go with a market order.

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Should you Invest in Tesco?

Whether or not you decide to invest in Tesco will be determined by your long-term investment goals. On the one hand, the company still dominates the UK groceries space and thus - continues to retain its spot as the number one supermarket in terms of market share.

This is largely due to its re-transformation program that has sought to reduce its reliance on mega-stores, and instead, focus on more profitable Tesco Express store. Not only do such stores allow Tesco to keep operating costs to a minimum, but it can typically charge more on core products. This has the desired effect of increasing those already-thin profit margins.

Crucially, it appears that the infamous accounting scandal that broke in 2014 is finally becoming a distant memory. Although the stock price of Tesco is yet to recover to its previous all-time high, shares have been on an upward trajectory since 2016 nonetheless. This is great news for investors that kept faith in the supermarket giant.

Pros of Investing in Tesco Stocks

Cons of Investing in Tesco

Conclusion

In summary, if you've read our guide from start to finish, you should now have a firm understanding of whether or not Tesco stocks are right for your long-term investment goals. On the one hand, it appears that the re-transformation program being implemented by Tesco management is fully beginning to show signs of success. In fact, not only is Tesco still the largest UK supermarket for market share, but its share price has been on an upward trajectory since late 2016.

On the flip side, Tesco stocks are still worth significantly less than they were before the accounting scandal broke in 2014. Although it is concerning that the company has not been able to recover its prior all-time highs, this also means that you have the potential to buy Tesco shares at a discount. In this respect, we've shown you how you can buy Tesco stocks at the click of a button.

If you're in the US, the easiest way to do this is via the regulated platform Stash Invest. Alternatively, if you're based outside of the US, then it might be worth considering the merits of SEC-regulated broker Webull. Either way, just make sure that you perform independent research on Tesco prior to buying any stocks - and never make a purchase on the back of somebody else's advice.

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