In case you are wondering how to buy Tesla shares in Australia, refer to this guide.
If you want to get started with Tesla shares, you basically have two options: buy the actual share or trade it through CFDs. We will focus in Tesla shares trading in this article.
Best Platforms For Tesla Share Trading
HFTrading – Australian Investment Firm
HFTrading is our top rated platform for trading Shares, Indices, Currencies etc. through CFDs. You can find 300+ assets on HFTrading, including Tesla shares (CFDs).
- Minimum Deposit is only $50
- ASIC/FMA Regulation
- 0% commission
Investing in 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.
Please note that some brokers let you buy real shares, while others only offer shares through CFDs. For example HFtrading only offers CFDs.
Where To Buy Tesla Shares in Australia (through CFDs)
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.
Here are other top choices for Tesla shares trading:
HFTrading is a regulated investment firm that has its home base in New Zealand, with another registered office located in Australia. They offer a variety of assets for investors, including Tesla (available through CFDs).
HFtrading is highly transparent about the fees and commissions it charges for share trades. It now offers low fees for stock spreads on the platform.
You will have access to NASDAQ, the exchange for Tesla, from Mondays to Saturdays via HFTrading. HFtrading lists opening and closing times on its website.
The trading software is becoming more and popular due to it’s simplicity and number of assets.
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.
I also like Easy Markets. You can read my honest review here.
Easy Markets was founded in 2001, with the premise of providing people more affordable trading opportunities. Though they began with Forex, they quickly expanded to offer global indices, energy, and metals. These days, Easy Markets is one of the more highly regarded platforms around.
EasyMarkets makes it really easy to buy Tesla shares.
Is Easy Markets Legitimate?
Yes, Easy Markets is a legitimate enterprise. They are licensed and regulated by Cyprus Securities & Exchange Commission as well as ASIC in Australia. This is a really safe way to buy TSLA shares.
Easy Markets Accounts
There are three accounts that you can sign up for – Standard, Premium and VIP. Here are the features that you can expect with each option.
- Minimum Deposit: 100 USD
- Maximum Leverage: 1:400
- Fixed Spreads: EUR/USD 1.9 pips, GBP/USD 2.3 pips
- Minimum Transaction Size: 0.01 lot
- Minimum Deposit: 2000 USD
- Maximum Leverage: 1:400
- Fixed Spreads: EUR/USD 1.4 pips, GBP/USD 1.8 pips
- Minimum Transaction Size: 0.01 lot
- Minimum Deposit: 10,000 USD
- Maximum Leverage: 1:400
- Fixed Spreads: EUR/USD 0.9 pips, GBP/USD 1.3 pips
- Minimum Transaction Size: 0.01 lot
There are two main platforms with Easy Markets, the Easy Markets proprietary web and app platform and the MetaTrader 4 platform. Both lets you buy your favorite shares like Tesla.
Now, the Easy Markets platform is good, but more simplistic. As such, it works well for newer traders who prefer a clean and concise layout. The app, naturally, makes it easier to trade on the go.
MetaTrader 4 is one of the best known trading platforms in the world. As such, if you are a more experienced trader, you will benefit from the more complex features present on this platform.
Easy Market Trading Markets
With Easy Markets, you have the opportunity to trade in the following markets:
- Precious Metals
- Shares (including Tesla)
Easy Markets Trading Tools
Easy Markets have some unique trading tools that make the process simpler for you, while simultaneously lowering your risk.
This tool lets you to secure your trades against loss for 1,3, or 6 hours for a small fee. If the trade happens to go against you, you will be able to undo your loss and recover your money.
This gives you the opportunity to freeze the rate. Thus, for a short period of time, you will be able to buy or sell at the frozen rate, even as the real-time rate is moving.
If you aren’t happy with the current rate, you can set a Pending Order to buy and sell at a predefined rate when the market hits that level.
Easy Markets Trading Conditions
These features ensure protection and risk management:
Negative Balance Protection
This feature ensures that you are protected in case the markets move against you. Even under these conditions, your account will not achieve negative balance.
Guaranteed Stop Loss
This prevents you from losing too much money on any one trade. Since it is guaranteed, you can be certain that your order will always be met.
Your trade will only be ever placed with the price that you have decided on.
Easy Markets is a great option for both new and experienced traders. It offers up plenty of trading opportunities to keep everyone happy. Just as importantly, there are numerous protective features in place to minimize risk considerably.
Why Should I Buy Tesla Shares
Despite the famous brand name, Tesla shares are quite volatile. The company went public in 2010. 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 2018. 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.
- 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.