How to Buy Microsoft Shares in Australia | Trade MSFT

Summary: Microsoft is a renowned tech company known for its state-of-the-art software and hardware innovations, which rank it among the elite group of global economic powerhouses whose market cap reaches trillions. In this guide, you will learn how to buy Microsoft shares in Australia through a stock CFD trading trading platform suh as Plus500.

About Microsoft

Microsoft (NASDAQ: MSFT) is a U.S.-based, multinational technology company best known for its Windows operating system, Xbox consoles, and a number of other products, such as the Surface line of touchscreen tablets, laptops, and whiteboards. The company also has a strong presence in cloud computing thanks to its cloud platform Azure, and it’s recently been making strides in the artificial intelligence (AI) domain.

How to buy/sell or trade Microsoft stock CFDs in Australia: Step-by-step

Microsoft is a publicly-traded company listed on the NASDAQ under the ticker symbol MSFT. Moreover, it is a component of some of the largest indexes, such as NASDAQ-100, Dow Jones Industrial Average, S&P 100, and S&P 500, which feature some of the most prominent companies on the stock exchange.

To buy/sell or trade Microsoft stock CFDs, Australian residents can take the following steps:

Step 1: Choose a broker 

To start trading Microsoft stock CFDs, your first step is to find a regulated brokerage. 

Our recommended broker for Australian investors is:

Plus500

• Free demo accounts;
• Multi-asset Contracts for Differences (CFDs) on over 2,000 financial instruments, including stocks, Forex, cryptocurrencies, ETFs, and commodities;
• Mobile app for convenient on-the-go investing;
• Convenient deposit options including PayPal, Visa, and Mastercard;
• Free withdrawals.

To explore other trading platforms, you should:

• Compare fees: Compare commission and account maintenance fees to ensure they fit your budget;
• Look for a user-friendly platform: Ensure the platform is user-friendly and able to accommodate your investment needs, especially if you are new to investing;
• Demand security and regulatory compliance: Look for robust cybersecurity measures and check if the broker is licensed by reputable financial institutions to ensure your funds and personal information are safe;
• Test the customer support: Check the responsiveness and availability of customer support by reading user reviews or contacting the team yourself;
• Assess the number of available assets: Verify that the platform can give you access to the specific financial products you want to invest in;
• Check out additional features: Check out whether the platform comes with additional features like research tools, chart patterns, and educational materials for new investors.

Step 2: Open and fund your brokerage account

Once you’ve selected a broker, the next step is to create an account. To do that, you’ll need to provide the platform with your personal and banking details, link your preferred payment method, and initiate an initial deposit. The details of the process will vary from broker to broker, and they will have varying minimum deposit requirements. For instance, Plus500 requires a minimum deposit of $100.

Depending on your broker of choice, you can fund your account using various methods, including:

• Bank account transfers;
• Wire transfers;
• Third-party payment systems like PayPal;
• Transfers from other accounts.

Step 3: Place your order

Once you have funded your account, you can start investing. If you have chosen Plus500, you can:

• Log in on the broker’s platform;
• Find Microsoft stock CFDs by looking up the company’s name or ticker symbol;
• Specify the number of CFDs you want to buy/sell;
• Choose the order type, i.e., limit, stop-loss, etc.;
• Double-check all details to ensure accuracy of information;
• Click or tap on the Buy or Sell button.

Microsoft stock price today

Pros and cons of investing in Microsoft

How to buy/sell or trade Microsoft stock CFDs in Australia safely

Investing inherently carries risk, and there are no assured gains. To mitigate these risks and increase your chances of profiting, consider acquainting yourself with common investing mistakes and ensure you:

• Do your own research: Before investing, conduct thorough research not only on Microsoft but also on the broader market as well as the company’s management team;
• Come up with a clear investment strategy: Avoid investing aimlessly and come up with a well-defined investment strategy;
• Diversify: Mitigate risk by diversifying your portfolio across various financial instruments;
• Resist hype: Make sure that your trading decisions are not influenced by hype;
• Monitor your investment: When you invest in a company, it is important to monitor your investment’s performance to be able to adapt your strategy as needed;
• Avoid overtrading: Trading frequently can incur additional costs as transaction fees and short-term price fluctuations can take a toll on your funds. 

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy/sell or trade Microsoft shares in Australia

Can I purchase Microsoft stock directly from the company?

No, Microsoft typically does not offer its stock directly to retail investors. 

How to invest in Microsoft in Australia?

To invest in Microsoft in Australia, investors can register an account with an online brokerage such as Plus500.

Do you need to pay taxes on CFDs in Australia?

Yes, Australian residents must pay taxes on CFDs.