How To Buy Provident Financial Shares

How To Buy Provident Financial Shares by Andrew Blumer last updated on February 23, 2020

Decide how you want to trade in Provident Financial. Do you want to to trade in Provident Financial CFDs Shares or Provident Financial Stocks.
Register with an Provident Financial broker that suits your needs. Register with multiple to see which you prefer.
Research Provident Financial financial reports. Use brokerage research tools and resources.
Decide your budget and how many Provident Financial shares you want to buy.
Buy or Sell your Provident Financial shares with your broker by placing an order.

You can buy Provident Financial shares with one of the brokers below depending on the type of trading you wish to conduct. You can buy Provident Financial shares with a broker like eToro or you can trade Provident Financial CFDs with XTB you can begin trading Provident Financial shares right away.

If you are buying shares in UK or Europe eToro offer 0% free commission on stocks. This is a big eToro selling point.

when a client buys Provident Financial stock at 1x leverage with eToro its completely free and they are buying the underlying stock. Also with eToro, clients can buy fractional shares – Min deposit is $200, but $50 is the minimum trade on stocks. eToro are one of the cheapest places to buy stocks.

Broker	eToro	XTB	Plus500	FXPrimus	Trading212	AvaTrade
Rating	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆	★★★★☆
Used By	12,000,000+	250,000+	15,500+	10,000+	14,000,000+	200,000+
Share Dealing	USA stocks : UK shares : CFD trading :	USA stocks : UK shares : CFD trading :	USA stocks : UK shares : CFD trading :	USA stocks : UK shares : CFD trading :	USA stocks : UK shares : CFD trading :	USA stocks : UK shares : CFD trading :

Scroll down to read our indepth article on How To Buy Provident Financial Shares. What you should know, Types of trading Provident Financial Stock and CFD's. Pros and Cons, everything is explained below.

How To Buy Provident Financial Shares Table of Contents

Provident Financial Financial Details
Overview of Provident Financial
Provident Financial Trading Volume and PE
Provident Financial Financial Charts
Provident Financial Information

Provident Financial Location & Contact Information
Provident Financial Executives and Board Members

How To Buy Provident Financial Shares Guide

Buying Provident Financial Stocks and CFDs
Provident Financial CFD Trading vs Traditional Share Dealing
Provident Financial CFD and Stock Market Times
Buying Provident Financial Shares with a Broker
Provident Financial Shares and CFDs and Tax
Should I trade Provident Financial Stocks and Shares or Provident Financial CFDs?
Example Cost of Buying Provident Financial as a CFD Trade and Shares Side by Side

How To Buy Provident Financial Shares Explained
6 Factors to Consider when Choosing Provident Financial Stock Brokers

Are Your Provident Financial Brokers Trusted And Established?
Are The Provident Financial Stock Brokers The Best in the World?
What are the Provident Financial Stock Brokers Commissions and Fees?
What are the Provident Financial Stock Brokers Funding and Withdrawl Methods?
Find Provident Financial Stock Brokers with Round-the-clock support?
Make sure your Provident Financial Stock Broker Offers Comprehensive Trader resources?
Why do Provident Financial Stock Brokers Need To Be Regulated?

How To Buy Provident Financial Stock Frequently Asked Questions

What kind of business is Provident Financial?
How can I buy stock in Provident Financial?
Can I Buy Provident Financial Stock Directly?
How much does it cost to buy an Provident Financial Stock?
What is the minimum required investment for Provident Financial?
What kind of stock is Provident Financial?

Broker Reviews That You Can Buy Provident Financial With
Alternative Brokers That You Can Buy Provident Financial With
Provident Financial Stock Broker vs Broker Comparisons

Provident Financial Financial Details

Financial Details

Provident Financial Stock symbol	PFG
Provident Financial Sector and Industry	Financials Specialty Finance
Provident Financial Exchange	LSE - London Stock Exchange
52 Week High	$636.2
52 Week Low	$348.7
Provident Financial Market Capitalisation	$14,770,440,422.00
Provident Financial Average Volume	1,148,754.00
Provident Financial PE	11.33
Provident Financial EPS	4.72
Stock Currency	USD

Overview of Provident Financial

Provident Financial plc is a financial services group specializing in the provision of personal credit products for consumers in the United Kingdom non standard lending market. The Company's Consumer Credit division provides small and unsecured loans, which they collect in weekly installments. The Company's Credit Cards business is operated through Vanquis Bank.

Provident Financial is an British Financials Specialty Finance company currently traded on the London Stock Exchange (LSE).

Provident Financial trades under the stock symbol PFG on the LSE.

Provident Financial shares are traded in USD.

Provident Financial has a current share price of $465.50 USD dated 31/01/2020.

The highest Provident Financial share price over the last 52 weeks was $636.2 USD and its lowest price over the last 52 weeks was $348.7 USD. That is a 52 week price range of $348.7 - $636.2.

Provident Financial Trading Volume and PE

Provident Financial currently has 276,600,000.00 active shares in circulation traded through the LSE exchange.

Provident Financial market capitalization is $14,770,440,422.00 with an average daily trading volume of 1,148,754.00 shares.

Trading volume is the amount a security that was traded during over a certain duration. When talking about shares volume refers to the number of shares that have been bought and sold during a given day.

Provident Financial has a Price Earning Ratio ( PE ) of 11.33 and earning per share ( EPS ) of 4.72. Generally speaking Provident Financial having a high P/E ratio means that Provident Financial investors forsee increased growth with Provident Financial in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

Provident Financial earnings per share is Disney company profit that's allocated to every Provident Financial common stock. Earnings per share is calculated by taking the difference between Provident Financial's net earnings and dividends paid for preferred stock and then dividing that amount by the average amount of Provident Financial shares outstanding.

Provident Financial Financial Charts

Financial Details

Provident Financial Information

Provident Financial Location & Contact Information

Address	No 1 Godwin Street Bradford, BD1 2SU United Kingdom
Phone Number	44-1274-351-351
Website URL	www.providentfinancial.com

Provident Financial Executives and Board Members

Chief Executive Officer	Malcolm John Le May
Chief Finance Officer	Neeraj Kapur
Chief Financial Officer	Simon George Thomas
Provident Financial Board Member	Patrick J R Snowball
Provident Financial Board Member	Elizabeth G Chambers
Provident Financial Board Member	Malcolm John Le May

How To Buy Provident Financial Shares Guide

Buying Provident Financial Stocks and CFDs

When investing in Provident Financial you have several options as to what type of investment you wish to conduct. You can buy traditional Provident Financial shares with one of our listed brokers or you can trade what is known as CFDs or contracts for difference.

We explain in detail the difference between buying Provident Financial shares with stock brokers and trading Provident Financial with CFDs below.

Provident Financial CFD Trading vs Traditional Share Dealing

CFD trading is quite much like stock trading except when you exchange a CFD you do not actually own any Provident Financial stock.

If you buy Provident Financial shares with a stock broker you actually own a share of Provident Financial. When you trade a contract for difference (CFD) you have an agreement with your CFD broker and are speculating that the Provident Financial price will change up or down.

Lets explain why you would buy Provident Financial as a CFD instead of as a share.

If you went and brought 100 Provident Financial shares at $100 a share with a stock broker you own $1000 of Provident Financial.

The main difference when trading Provident Financial as a CFD and buying Provident Financial as a share is contracts for difference offer increased leverage.

Contracts for difference are traded on margin which means to have $1000 invested in Provident Financial you would not need to invest the full amount as you would with a stock broker. You could invest a fraction of the amount ( known as the CFD margin ) with a CFD to hold a similar position in Provident Financial. Trading an Provident Financial CFD allows investors to hold larger positions than their invested amount. Be aware that although investing in an Provident Financial CFD like this amplifies any potential profit. It always exaggerates your potential losses which may exceed your amount invested.

If you invested in an Provident Financial share with a stock broker you would only lose the amount you invested as you pay the total cost of your position to your broker upfront. There is no leverage.

What CFDs allow you to do is profit from both the rise and fall in the Provident Financial share price. An Provident Financial CFD long would be hoping to profit from a rise in the Provident Financial share price. An Provident Financial CFD short would be aiming to profit from a fall in the Provident Financial stock price. Trading CFDs allows traders to profit from both directions of the Provident Financial price on the financial exchange. Giving traders greater chance to move with the financial markets.

With traditional Provident Financial shares you can only profit from a rise in the Provident Financial stock price.

Provident Financial CFD and Stock Market Times

When trading in traditional Provident Financial shares you are limited to when the stock exchange is open. You can only buy and sell with your broker when the market is open.

With CFD trading you can deal 24/7 around the clock.

Buying Provident Financial Shares with a Broker

Buying shares with a stock broker limits your risk to your initial investment as stock brokers require you to pay for the total amount of your investment. Stock brokers offer no leverage or loans when buying Provident Financial stock. This limits your risk to your initial amount invested in Provident Financial. You can only lose the amount invested with traditional Provident Financial shares. Another benefit of buying Provident Financial shares with a broker is that you may be eligible to receive Provident Financial company dividends if applicable.

If you Invest in Provident Financial via a CFD you have no shareholder privileges as you don't actually own any underlying assets in Provident Financial. If you buy Provident Financial stock with a broker you may receive shareholder perks and benefits. There are certain requirements to be eligible for some of these Provident Financial benefits as in owning a certain amount of stock for a set period.

If you own shares in Provident Financial you may be eligible to voting rights at Provident Financial shareholder general meetings.

Provident Financial Shares and CFDs and Tax

You should confirm with your local tax office but CFDs are free from stamp duty. When trading CFDs losses can be offset against profits when submitting your tax return.

Investment in Provident Financial Stocks and shares are only exempt from tax if the Provident Financial shares were brought through an ISA ( Individual Savings Accounts ) or SIPP ( Self Invested Personal Pensions ).

Should I trade Provident Financial Stocks and Shares or Provident Financial CFDs?

There are pros and cons to trading in both Provident Financial Stocks and CFDs. Which is better depends on each investor and a few factors.

Investing in Provident Financial stocks and shares is better suited for long term investments. Historically Provident Financial shares provide better returns over the long term, usually a 10 year period.

Provident Financial CFD trading is more suited to intra day and mid term traders. Wth intra day trading on an Provident Financial share investors aim to profit on the fluctuating highs and lows of the Provident Financial price throughout the day. Day trading as you can imagine focuses on profiting from the daily Provident Financial stock price change.

CFD traders monitor live price movements by using real-time charts in an attempt to profit from live price movements.

Both types of trading have different benefits and risks. Make sure you have a good understanding of what you are doing before you invest.

With CFD trading as you can short or long an Provident Financial stock you can hedge a trade against another trade.

A hedge is an investment that protects the money you have invested from risk. Traders hedge to minimize or offset a loss in value of an Provident Financial share price for example to a known amount.

Example Cost of Buying Provident Financial as a CFD Trade and Shares Side by Side

*All values below are estimates and are for illustrative purposes only. Please visit a broker for correct prices.

CFD and Share deals differ from broker to broker so check you are aware of the actual costs with your brokers.

	Provident Financial CFD trade example	Provident Financial Share deal example
Market price	$465.50	$465.50
Broker Deal	Invest $93.1 at 1:5 Margin (20%)	Buy at $465.50 a share
Deal size	100 shares	100 shares
Initial outlay	$9310 (Margin = exposure x 20% margin factor)	$46550 (100 shares at $465.50)
Stamp duty	No	£20
Close price	Sell at $558.6	Sell at $558.6
Estimated Profit	(93.1 point increase x 100 shares = $9310) *Not including commission fees and taxes	($55860 - $46550 = $9310) *Not including commission fees and taxes
	Trade Provident Financial CFDs now with XTB	Trade Provident Financial Shares now with Etoro

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Provident Financial shares and CFDs.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.
Available funding methods for the below brokers that offer Provident Financial shares and CFDs.
What you are able to trade with each brokerage.
Trading Platforms offered by these brokers.
Spread type (if applicable) for each brokerage.
Customer support levels offered.
We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.

How To Buy Provident Financial Shares Explained

Trading the financial markets with Provident Financial stock can be demanding, even for experienced traders.

An important factor for traders to consider when looking to trade Provident Financial stock is the trading platform that a Provident Financial broker can offer.

Choose a Provident Financial broker that is considered an industry-leader with a well tested and well known market platform.

To gain access to the financial markets, you'll need a Provident Financial broker that you can rely on.

6 Factors to Consider when Choosing Provident Financial Stock Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Provident Financial Brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The best rated Provident Financial broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another best rated broker is XTB.

XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	XTB	Plus500	FXPrimus	Trading212	AvaTrade
Year Established	2006	2002	2008	2009	2006	2006
Head Office	Cyprus, UK	Poland	Israel	Cyprus	UK	The British Virgin Islands
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14	Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)	Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)	Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
Used By	12,000,000+	250,000+	15,500+	10,000+	14,000,000+	200,000+
Negative balance protection	No	Yes	Yes	No	Yes	No
Guaranteed Stop Loss	No	Yes	No	No	Yes	No
Learn More	Visit eToro	Visit XTB	Visit Plus500	Visit FXPrimus	Visit Trading 212	Visit AvaTrade
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	76.4% of retail CFD accounts lose money	Losses can exceed deposits	Losses can exceed deposits	Losses can exceed deposits

Are The Provident Financial Stock Brokers The Best in the World?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking to invest in Provident Financial is XTB. XTB Segregates clients funds and offers over 1,500 instruments.

Broker	eToro	XTB	Plus500	FXPrimus	Trading212	AvaTrade
Instruments Available	100	1,500	2,000	100	2100	250
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	BE, US, CA ,CN, SG, ID, PH	AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC.	US	BE, BR, KP, NZ, TR, US, CA, SG
Forex pairs offered	50	50	100	45	177	80
Forex pairs offered	50	50	100	45	177	80
Major forex pairs	Yes	Yes	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	No	Yes	Yes
Commodities Offered	0	21	17	0	14	16
Metals	Yes	Yes	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	No	Yes	Yes
Stocks Offered	957	1696	1816	60	1731	99
UK Shares	Yes	Yes	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	No	Yes	Yes
Japanese Shares	Yes	Yes	Yes	No	Yes	Yes

What are the Provident Financial Stock Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Provident Financial broker eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.

Another highly rated broker to invest in Provident Financial, XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.

Broker	eToro	XTB	Plus500	FXPrimus	Trading212	AvaTrade
Min Deposit	200	0	100	100	1	250
Withdrawl Fees	Yes	varies	No	Varies	Varies	No
Inactivity Fees	Yes	No	Yes	No	No	No
Deposit Fees	No	No	No	Varies	No	No
CFD Commission Fees	No	Yes	No	No	No	No

What are the Provident Financial Stock Brokers Funding and Withdrawl Methods?

When investing with Provident Financial stocks and CFDs, having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	eToro	XTB	Plus500	FXPrimus	Trading212	AvaTrade
Bank transfer	Yes	Yes	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	No	Yes	Yes
Skrill	Yes	Yes	Yes	No	No	No
Payoneer	Yes	Yes	No	Yes	No	Yes
Neteller	Yes	Yes	No	Yes	No	Yes

Find Provident Financial Stock Brokers with Round-the-clock support?

Customer service is very important when investing in Provident Financial stocks and CFDs.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Your Provident Financial broker should offer customer support can include Phone answering services, Live chat support and Email customer service support.

eToro support a wide range of languages including English, German, Spanish, French, and Italian

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	eToro	XTB	Plus500	FXPrimus	Trading212	AvaTrade
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese	English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian	English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文	English, Italian, German, French, Greek, and Hebrew
Learn More	Visit eToro	Visit XTB	Visit Plus500	Visit FXPrimus	Visit Trading 212	Visit AvaTrade
Risk Warning	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	76.4% of retail CFD accounts lose money	Losses can exceed deposits	Losses can exceed deposits	Losses can exceed deposits

Make sure your Provident Financial Stock Broker Offers Comprehensive Trader resources?

Ensure that the broker you decide upon to tradae Provident Financial stocks or CFDs provides free tools such as evaluation, schooling and risk-management tools.

Having a wealth of knowledge from great analysts brokers like eToro and XTB offer lots of resources to bring the latest news and insights to traders. Click through to the brokers to learn more.

Why do Provident Financial Stock Brokers Need To Be Regulated?

A regulated broker when trading Provident Financial stocks and CFDs lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Provident Financial brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

How To Buy Provident Financial Shares Frequently Asked Questions

What kind of business is Provident Financial?

Provident Financial is an British Financials Specialty Finance company currently traded on the London Stock Exchange (LSE).

Provident Financial trades under the stock symbol PFG on the LSE. Provident Financial shares are traded in USD.

How can I buy stock in Provident Financial?

Decide how much you are happy to invest in Provident Financial stock.
Decide if you would like to trade with a stock broker of trade via CFD trading.
Open a stock brokerage or CFD trading account with a broker like XTB or Plus500.
Verify your trading account with proof of identity.
Fund your trading account and Buy or Sell your Provident Financial shares with your broker by placing an order.

Can I Buy Provident Financial Stock Directly?

You cannot buy Provident Financial directly with Provident Financial, but Provident Financial stock can be purchased through just about any brokerage firm, including online brokerage services. You can buy Provident Financial Stock with a stock broker like XTB or you can trade Provident Financial stock via CFD share trading with a broker like Etoro.

How much does it cost to buy an Provident Financial Stock?

Shares of Provident Financial trade for around $465.50. Provident Financial stock has had a 52 week low of $348.7, and a 52 high of $636.2. Provident Financial stock prices can fluctuate so potential investors should check the current stock price with a stock or CFD broker before investing. You can buy Provident Financial Stock with a stock broker like XTB or you can trade Provident Financial stock via CFD share trading with a broker like Etoro.

What is the minimum required investment for Provident Financial?

The minimum investment to buy Provident Financial would depend on the current price of Provident Financial stock and the costs associated with the stock or CFD broker your decide to trade with. The price of an Provident Financial share should be around $465.50 a share. Your other costs would be the minimum deposit required by your brokerage and any commission fees you have to pay for buying and selling your Provident Financial share. You can buy Provident Financial Stock with a stock broker like XTB or you can trade Provident Financial stock via CFD share trading with a broker like Etoro both brokers should not require a minimum deposit to trade. You can start trading straight away.

What kind of stock is Provident Financial?

Provident Financial stock have the stock ticker PFG and are known as ordinary shares on the London Stock Exchange (LSE).You can buy Provident Financial Stock with a stock broker like XTB or you can trade Provident Financial stock via CFD share trading with a broker like Etoro.