How to buy Wise (WISE.LON) shares in the UK

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change. The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice.

Investments in a currency other than GBP are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in GBP terms. You could lose money in GBP even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

New to investing? If you’re interested in buying shares in Wise, read on.

Listed on the London Stock Exchange, Wise PLC is a financial technology company and money transfer specialist headquartered in London.

Below, you’ll find our essential guide on how to buy shares in Wise in the UK. This includes a run-through of how to do it through online investment platforms, plus info on trading fees and the latest Wise (WISE.LON) share prices.

Can I buy Wise shares in the UK?

Yes, you can buy shares in companies all over the world as a UK investor, either through a broker or online investment platform.

This includes Wise, as well as FTSE 100 companies and those included in overseas stock market indices like the US-based S&P 500.

Trading shares is actually pretty straightforward to do too. All you need to do is sign up with an online investment platform, such as:

• eToro
• Hargreaves Lansdown
• Trading 212
• IG Trading
• Interactive Brokers.

Alternatively, you could use a broker service for buying and selling shares in stock markets all over the world.

How to buy Wise shares

One of the easiest ways to trade in Wise shares (to buy or sell) is using an online investment platform.

Here’s how to get started, in just a few steps:

1. Find an investment platform

The first step is to find an online investment platform which offers trading in UK companies listed on the London Stock Exchange.

Some options to check out include eToro, IG Trading, Trading 212, Hargreaves Lansdown and Interactive Brokers - although there are likely to be many others.

When comparing options, key things to pay attention to are fees and charges, as well as how user-friendly the platform is.

One useful feature for new investors is a demo trading account, where you can ‘test out’ investments and get a feel for how it all works before actually committing any funds.

2. Sign up for an account

You should be able to apply for an account in just a few minutes. You’ll be asked to provide personal details and verify your identity. Remember, always check that the company is listed on the FCA register to ensure that they are a legitimate company before you sign up.

3. Add money to your account

In order to purchase shares, you’ll firstly need to transfer funds from your bank account over to your chosen investment platform. Simply follow the platform’s processes to do this.

4. Search the platform for Wise stock

You can search using either the company name or its stock ticker symbol. For Wise PLC, this is WISE. You might also find it listed as LSE : WISE or LON : WISE. You can check the latest WISE share prices and start to place your order.

5. Choose the number of shares or the amount of investment

There are two ways you can place an order for shares. The first is to choose the number of shares you want to buy (i.e. 50 shares), while the second is to enter the maximum amount you want to invest.

6. Confirm the order

Check the details of the order carefully and submit. Your shares will be purchased immediately, as long as you submit the order within market hours.

How to invest in Wise via a fund

As well as buying shares directly, you might also be able to invest in Wise via a fund.

Global funds, investment trusts and exchange traded funds (ETFs) all offer ready-made portfolios, consisting of shares in multiple different companies. However, you’ll need to do some research to find out if Wise PLC shares are included in any of these.

Wise (WISE.LON) share price

The current Wise PLC (WISE.LON) share price at the publish date of this article (5th September 2024) is: £6.79 GBP.¹

Remember though that share prices fluctuate, and they can go up or down. So the share price for Wise listed above is accurate at the time of writing, but it’s likely to be different at the time you’re buying your shares.

The good news though is that you can check the latest Wise share prices at any time using the handy Wise stock ticker tool.

Check latest Wise share price

Does Wise stock pay out dividends?

Dividends are payments made by a company to its shareholders, based on annual overall profits. The aim is to reward shareholders for their investment.

It’s most common for dividends to be paid as cash payments, but it’s also possible to receive dividends in the form of additional shares in the same company.

Wise stock does not currently pay dividends to shareholders.²

What does it cost to buy and sell Wise shares?

There will usually be some fees involved when you buy shares in the UK.

The most common are trading fees, which are charged every time you buy or sell shares.

Some platforms also have an annual account or platform fee, while others are free to join.

And if you buy stock in companies based overseas, there may also be foreign exchange fees to factor in (for converting your GBP to USD for example).

Take a look at the table below for an idea of what popular UK investment platforms charge for trading:

Platform	UK trade (commission) fees
eToro	£03
IG Trading	£34
Hargreaves Lansdown	£11.955
Trading 212	£06
Interactive Brokers	From 0.05% of trade value7

Note: All above investment platform fees were correct as of 5th September 2024.

Interested in investing in a fund instead of buying shares? The fees for buying a fund, trust or ETF will be different to the above. You’ll need to check the individual platform for details of these.

Avoid hidden currency conversion mark-ups

In this article, we’ve covered everything you need to know about how to buy shares in Wise here in the UK. This includes the latest Wise share prices, info on fees and steps to buy your first shares.

Trade in different currencies and you could be hit with extra cost for cross border money transfer.

You may wish to hold your money in a Wise account until you decide to invest it in your chosen platform. Open a Wise account and you can convert currency at mid-market exchange rates, for low, transparent fees*.

You can also use your Wise account to conveniently manage your money in up to 40+ currencies, sending payments worldwide a the mid-market rate for low fees*.

There’s even an extra feature, Wise Interest. With a Wise account you can earn returns on GBP, USD and EUR by opening a Wise account and investing in a fund that holds government-guaranteed assets. Capital at risk.

Open your Wise account

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change. The content of this article is provided for informational purposes only and is not intended to be, nor does it constitute, any form of personal advice.

Investments in a currency other than GBP are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in GBP terms. You could lose money in GBP even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

---

Sources used:

1. Wise - current WISE PLC stock price (WISE.LON)
2. Stockopedia - Wise dividend history
3. eToro - eToro fees and charges
4. IG - IG charges and fees
5. Hargreaves Lansdown - Hargreaves Lansdown charges and interest rates
6. Trading 212 - Trading 212 fees and charges
7. Interactive Brokers - Interactive Brokers fees and charges

Sources last checked on date: 05-Sep-2024