How to Buy Nasdaq Shares Australia – Easy Ways To Invest in 2020

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How to Buy Tesla Shares in Australia

Buying Tesla stock in Australia is a lot easier than you may think. All you have to do is to pick your favorite broker, deposit some money and buy the stock (also called TSLA) with one click.

Where To Buy Tesla Shares in Australia

I have registered and deposited on all online brokers that accept Australian traders, so that you don’t have to. Let me show you which broker I think is the best.

Best Online Broker For Tesla Share Trading

Plus500 – Australian Regulated Broker

Plus500 is our top rated broker for Trading CFDs on Shares, Indices, Currencies etc. They have offices in Australia (Sydney).

  • Minimum Deposit is only $100
  • ASIC Regulation
  • No commissions

After trying out all Australian brokers, I really think that Plus500 is the best broker.

Here are other top choices for Tesla shares trading:

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1. Plus500

Plus500 is the best place for Tesla CFDs. The Israeli broker specialises in CFDs of all types. The broker has a subsidiary in Australia that follows local regulatory rules. You can expect high levels of trustworthiness and good quality services as well.

This broker can give you access to popular markets to buy and sell Tesla shares. The broker offers a highly acclaimed online and mobile-based trading platform.

New users can benefit the most thanks to the demo mode. Try the demo without spending any money to see if the platform works for you.

The above are the top recommended brokers for buying Tesla shares from Australia. Investors can consider other options as well. However, make sure the broker you choose is licensed in Australia.

VISIT PLUS500
Plus500 Disclaimer: 80.6% of retail CFD accounts lose money.

2. eToro

eToro is an Israel-based broker that is regulated in Australia through a subsidiary. The broker offers a variety of assets for investors, including stocks.

The broker is highly transparent about the fees and commissions it charges for stock trades. It now offers unified fees for stock spreads on the platform.

You will have access to NASDAQ, the exchange for Tesla, from Mondays to Saturdays via eToro. The broker lists opening and closing times on its website.

eToro’s trading software is highly popular. It’s best known for “social trading.” This is a form of trading where an investor can see what other traders are doing. If you like what you see, you can copy the trade.

VISIT ETORO
eToro Disclaimer: 75% of retail CFD accounts lose money.

Why Should I Buy Tesla Shares

Despite the famous brand name, Tesla shares are quite volatile. The company went public in 2020. Since then, the stocks have plunged to dangerous levels on at least nine occasions. The company lost one-third of its value during the worst three of these. There have been several smaller plunges as well.

Tesla, regardless, seems to recover from these occasional plunges. It’s not unusual to see the stock rise or fall several times during the day. Some investors might be alarmed by such volatility. Tesla has a reputation as one of the most shorted stocks ever. But if you count the overall value of Tesla stock since it became public, it has risen from double digits to triple.

Tesla shares are popular among speculators. They may buy the stock and then immediately sell it, only to re-buy it as even cheaper rates. Tesla shares are certainly not for everyone. If you are looking for steady and reliable automaker stock, Tesla may not be for you. Tesla shares are best suited for traders who want to buy and sell on short notice. Also, Tesla is considered a great stock to hold onto in the long term.

They ran into production trouble in 2020. In spite of that, the demand for the cars has been as stable as ever. The demand will most likely hold up in the coming years. Considering these facts, Tesla is a good stock to buy for speculative or long-term investors.

What To Consider When Buying Tesla Shares

If you found or plan to go and look for a different broker there are some things that you should consider before placing your trust and money in their hands.

  • Tesla Licences: It may seem obvious, but if a place doesn’t have a licence there is most likely a reason the owner couldn’t get one, a licence for a broker isn’t something you “Don’t have the time to get.” – it’s in my personal opinion just as important as SSL transaction encryptions.
  • Tesla’s Reputation: It’s not impossible for a licensed broker to scam you, that’s why it’s important for you to look around, even just Google the broker and read some reviews for a start – make sure they are a generally well received platform.
  • Owners of Tesla: Call me paranoid – but when it comes to investing sums of money potentially in the tens if not hundreds of thousands I want to make sure that the owners of the platforms aren’t the same ones as some old scam website, or maybe just a shady company that you wouldn’t trust if you read up one their past.

I guess what I’m saying is that a quick Google search about the company that runs the given platform and potentially their parent company may reveal information that could sway you to either avail of or do a one-eighty and abandon a broker.

Advantages of Buying Tesla Shares

So I have given you the reason why you should buy Tesla shares, and I’ve listed some platforms, but ultimately you want to know if it’s a good idea? I mean investing in planting trees is a great idea but you are one-hundred percent guaranteed not to make any money of it.

Looking at the Tesla share value it’s clear that they are currently rising up from a sudden drop. Do keep in mind this is just my opinion and I’m not an expert trader.

As with all things I invite you to do your own research, but from the look of it this may be a good time to buy shares.

This is because compared to the last five years there has been a trend which (if continued) will result in the value rising a bit more before plateauing soon.

It’s importance to consider the situation of the business as a while – depending on if you think the Tesla electric cars are going to become the next big thing or if you think they’re just a short-lived gimmick you need to decide whether or not to but the shares.

Personally with the reputation I see Tesla cars having and the nature of the modern-day person, I feel that Tesla cars will remain and will only continue to expand in scale and as a result, also in value – and I feel that if you are someone who thinks in a similar way then you too should consider buying Tesla shares.

Because as with all things – the more mainstream the product or company becomes, the higher the price will go – even if now the price seems to be at its highest it’s important to look at the big picture, will the next “Tesla explosion” be worth twice as much as the top price now? Or will it only be worth half of that?

In other words – research is key, as with all trading.

Ways to Buy Tesla Shares in Australia

Since Tesla is an American company, Australians have to buy its shares as international investors. Those who want to add Tesla to their investment portfolio should connect to a CFD broker that offers these shares. Buying shares is one of the best investment ideas for Australian traders.

Aussies can purchase Tesla shares from just about any reputable financial broker that offers stocks and share assets to customers. Consider going through local investment banks as well.

Investors can buy Tesla shares outright, as assets, or through a CFD. When you own a share, you can list it as an asset to your portfolio. However, purchasing Tesla shares as assets is fairly expensive. You can still profit from the speculating on Tesla shares through a CFD.

A CFD allows you to profit by speculating on the buy and sell ratio of Tesla stock. You only have to pay for these on a leveraged ratio, not the full price. You may not own the assets, but you can profit from the price movement. Certain investors would prefer this option considering the volatility of Tesla stock. Investors don’t have to consider the actual value with CFDs.

When buying, keep the following tips in mind:

  • Make sure you are purchasing the right (TSLA) stock
  • The broker you choose must be licensed in Australia to offer financial assets
  • Create a brokerage account to hold Tesla stock on short Use a retirement account for the long term.
  • Add Tesla stocks only to a diverse portfolio to limit your exposure to its volatility. Never invest all your money in any single stock.

What is Tesla – A Few Details About The Company

Tesla is one of the most innovative car companies in the world. Unlike established car brands like General Motors or BMW, Tesla focuses on building electric cars. Tesla vehicles run on batteries rather than fossil fuel. These vehicles are therefore considered to be highly environmentally-friendly compared to conventional vehicles.

Tesla, until very recently, manufactured its cars in California, which is also the company’s biggest market. The company has undergone some structural changes in recent months. Its famous co-founder, Elon Musk, stepped down as chairman and resumed duties as CEO. The company is also shifting production from a largely automated factory to a more efficient facility in Shanghai.

The brand has a devoted following among eco-conscious drivers who want to wean themselves off fossil fuel reliance.

  • Size: Despite its number of fans, Tesla is still a small company.
  • Production: It doesn’t match large car brands like General Motors in terms of production numbers.
  • Value: Tesla stock is highly valued thanks to the high-tech vehicles it produces.

Tesla vehicles are not just eco-friendly, these cars have impressive futuristic automation features.

Tesla vehicles come with an “auto pilot” feature, which is a form of partially automated driver assist. Vehicles are also equipped with state-of-the-art gimmicks like door handles that are completely flat.

Tech enthusiasts have high hopes that the electric car company would provide more automation features. Tesla is already in the process of adding more high-tech features to its cars. Currently, the brand’s vehicles have higher end price tags. However, Tesla hopes to build a more affordable model in the immediate future.

Is Now a Good Time To Buy?

The best time to buy Tesla shares was yesterday. The second best time is today.

Well, we’ve gone over the basics of the Tesla share situation – it’s up to you to go out and see if you too feel it’s a good time to buy Tesla shares.

Tesla will go up and down for a few years. I am quite sure that in the long run Tesla will outperform other car manufacturers.

While the fact that Tesla is an American company makes is a tiny bit harder to buy shares from Australia, the existence of multi-national traders such as Etoro, Fortrade and Easymarkets make today easier than ever to invest in foreign companies and buy shares.

Disclaimer: Please keep in mind that I am not a financial advisor. Do your own research and don’t invest more than you can afford losing.
All brokers listed above offer CFD trading only. This means that you do not own the shares. You can make a prediction of where the prices will go in the future. Some brokers offer leveraged trading only. CFD trading is risky. Good luck with your trades.

How to buy international shares in Australia

Invest in overseas stocks by following this simple guide.

Last updated: 29 January 2020

Share

Thinking of investing in global shares? It’s easier and cheaper than you may think and there are plenty of options to get started. Investing in the global share market is a lot like investing in the Australian market, however you’ll need to find the right stock broker or online trading platform.

This guide will explain what to look for in an international share trading account, how to open one and what to do with the account once you’ve opened it. Read on to learn more, or start with the basics of share trading if it’s new to you. If you already know how to buy international shares, you can simply compare brokers and open an account.

Buy international shares in 4 steps

  1. Compare brokers with access to global stocks
  2. Open your account by providing ID
  3. Fund your account by transferring money from your bank account
  4. Search and select the shares you want to invest in and start trading

Share Trading Account Offer

IG Share Trading Offer

Share Trading Account Offer

Special offer: Earn up to 10,000 Qantas Points on a new IG Share Trading account.
Competitive broker fees on Australian and international shares

  • Monthly fee: $0.00
  • Brokerage fee – standard trade: $8.00
  • International: Yes
  • Support – After hours: Yes

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Trade international shares with one of these brokers

How to invest in international shares

There are four main ways that you can access global shares from Australia. You can invest directly in shares listed overseas – such as Facebook and Apple – by using a broker with an international share trading platform, you can buy units in a global-themed exchange traded fund (ETF) or managed fund or you can invest in contracts for difference (CFDs) that track global shares.

Step 1: Compare options and choose a broker

There are many different account options to choose from, and it’s worth comparing them like you would any other financial product. Consider:

Brokerage fees

How much commission does the account charge for the execution of a trade? There may be flat rates, percentage rates or even no brokerage fees at all.

Access to markets

Which international markets does the account let you trade on? The big ones are the US markets like the NYSE and NASDAQ, which most providers will allow you to you access, but not every account will let you trade everywhere in Europe and Asia.

Speed

How long does it take for a transaction to be executed? Timeliness can be important when trading internationally.

The buffer

How big is the buffer? Most international share trade orders will have a ‘buffer’ applied to them by the share trading platform provider. The buffer is a percentage of the order value, which is added onto the cost of the order to protect the provider from currency fluctuations while the trade clears, ensuring that they don’t lose money on routine trades.

Exchange rates

How much of a cut does your provider take? When converting currencies, the provider may take a cut in the form of a percentage fee on currency converted. With big trades this can be a significant amount.

Signup fees

Does the provider charge any fees for opening an account with them? The benefits they offer may not always be worth it.

Research tools

What investment research tools are available? Are you seeing real time market information or is there a delay? Are the research tools free to use or do they cost extra? It’s a lot easier to buy low and sell high when you’ve done your research, rather than relying on luck alone.

Customer service and access

Does your provider have a share trading mobile app, or desktop access only? Can you contact the provider outside of business hours? What are your options for getting in touch with them? Are they known for being helpful or not so much? When you open an international share trading account you’re using a service and you should expect a certain level of customer assistance.

Limits

Do you have to spend more than you want, or not as much as you want? One of the main restrictions to look out for when choosing an account is the presence of limits, which may be minimums or maximums that apply. You may not be able to make trades above or below a certain dollar value.

Step 2: Open your account

Once you’ve decided on an online broker, you can open your share trading account. If you already have a bank account with that provider then you can usually sign in via their online banking portal. If not, you will have to open a new account. To open an international share trading account you’ll generally need to meet the following eligibility criteria:

  • Be 18 or over
  • Have an Australian residential address
  • Have a mobile number

As part of the application process you will typically need to provide:

  • Personal photographic identification (for example your drivers license, passport and/or proof of age card)
  • An Australian business number (ABN) and/or tax file number (TFN) if applicable

When opening the account you’ll be asked to choose whether you’ll be trading as an individual, with a joint account (for example, with your partner), as a company or organisation or on behalf of a trust (for example a SMSF). Because share trading has income and tax implications you must provide details of your income and occupation. Along with your personal information, you may be required to disclose the source of your income and the origin of your financial position.

After you’ve provided your personal details, you’re up to the account set-up stage. This involves providing the details of your linked bank account, setting up financing options if applicable and choosing from the various options that may be available. Once you’ve confirmed everything and double checked your details, you’re ready to load your cash management account and start trading.

Already have a share trading account?

Usually providers will require that you open one account for local shares and a separate account for international shares. If you already have a local account, you can open an international one in just a few quick steps. For example, with CommSec, login to your account, click on Portfolio > Offers and Apply > Applications > Add a new international account > Apply Now. Then simply choose the account you wish to link the international trading account to and submit your application.

Step 3: Fund your account and start trading

If you want to start trading right away, you’ll need to make sure you have enough funds in your linked international account to execute the trades, plus any broker fees that will apply. Remember that when you transfer funds into your linked foreign currency account you’ll usually have to pay a foreign currency conversion fee, so it’s best not to be transferring funds in and out of the account on a regular basis. It can take a few days for your funds to be loaded into the cash account, so keep this in mind when you decide you’d like to make a trade.

Once you’ve set everything up, you can trade online through your new international share trading account. Expect to see a dashboard with features such as current share prices and changes over time and options to buy, sell or research. With the big banks and other trading accounts geared towards beginners, you may find tutorials and introductory material to help acquaint you with the available features.

What’s the difference between Australian and international share trading?

When trading shares, you can choose to do it domestically or internationally.

Domestic

Trade shares listed on Australian stock exchanges. Trade within certain business hours and access only Australian investment options, which make up about 2% of the global market.

Australian stock exchanges include the Australian Stock Exchange (ASX), National Stock Exchange (NSX) and Chi-X.

International

Trade shares from global markets around the world 24 hours a day, subject to local market hours, including big global brands and household names. Gain access to more options, but also experience more risks and challenges.

International stock exchanges include the New York Stock Exchange (NYSE), London Stock Exchange (LSE), the National Association of Securities Dealers Automated Quotations System (NASDAQ) and many others.

Compared to domestic trading, there are both advantages and disadvantages to trading shares internationally.

Advantages of international share trading:

  • Gain access to a wider variety of investment options.
  • An internationally diversified portfolio can help protect you from the downturns of the Australian market.
  • You can trade 24 hours a day rather than only within set business hours.
  • More buyers: The actual value of your shares depends on how much you can sell them for. When trading internationally, there may be a larger number of different interested buyers and you might find it’s easier finding a buyer.

Disadvantages of international share trading:

  • Exchange rates can fluctuate and can significantly hurt (or help) your return on investment.
  • Foreign policy can affect your returns. It’s possible that changes to another country’s foreign policies, local instability or other issues can impact the value of your investment in ways beyond your control. This is a largely uncontrollable risk.
  • Taxation and related issues may be more complicated when trading international shares.

Some extra tips:

Making big trades? Look for lower exchange rates, research tools that allow you to make more reliable investments and flat broker fees rather than percentage rates. Where applicable, it may be worth accepting higher flat fees in exchange for lower percentage rates. Avoid low maximum limits which might constrain your trading.

Making a lot of small trades? You may want to avoid flat fees that take a big chunk out of the potential profits of each trade and stick to percentage rates that will cost you less. Low maximums are less of an issue, but high minimums might be a problem.

How will you diversify your portfolio? Not all accounts will give you the same options. Plan what kind of trades you want to make and consider whether a given account will let you trade CFDs, whether you can trade ETOs and/or ETFs and if you are able to do forex trading through the same platform.

Andrew Munro

Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder’s comprehensive range of guides to help people understand cryptocurrency.

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