Summary: Pfizer is a leader in the pharmaceutical and biotechnological industries and one of the companies that brought us the COVID-19 vaccine. In this guide, you will learn how to buy Pfizer shares in Australia through an online CFD trading platform Plus500.
Recommended Multi-asset Broker for Online CFD Trading
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Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
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Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
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Low cost investing - No commissions and tight spreads.
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Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
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Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
About Pfizer
Pfizer (NYSE: PFE) is a U.S.-based multinational pharmaceutical and biotechnology company now globally known for its COVID-19 vaccine. However, the company has been around for more than a century and has a solid portfolio of pharmaceutical products used in immunology, oncology, and other fields.
How to trade Pfizer shares in Australia: Step-by-step
Pfizer has been a public company since 1942, and it is listed on the New York Stock Exchange under the ticker symbol PFE. The company is also a part of the S&P 100 index.
To buy/sell, and trade Pfizer stock CFDs, Australian investors can take the following steps:
Step 1: Select a Broker
To start trading, your first step is to find a reputable and 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.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
Note
As your investment goals change and you start demanding a different strategy, you might wish to explore other brokerages. To find one that aligns with your investment strategies, you should:
- Compare fees: Start by assessing commission rates and account maintenance fees to ensure they are in line with your goals and capabilities. However, keep in mind that while low fees are important, they should not be the only factor you base your decision on;
- Seek a user-friendly platform: Verify that the trading platform is user-friendly and suitable for your investment needs, especially if you are new to trading;
- Prioritize security: Give preference to platforms that implement robust cybersecurity measures and hold licenses issued by respected financial institutions, such as the Australian Securities & Investments Commission (ASIC);
- Evaluate customer support: Assess the responsiveness and accessibility of the broker’s customer support;
- Check asset availability: Ensure the platform can give you access to the specific financial instruments you intend to trade;.
- Explore additional features: See whether the platform features supplementary tools, chart patterns, and educational resources.
Step 2: Register and fund your account
Once you’ve found a broker, you can set up an account. During the registration process, you’ll need to furnish the platform with your personal and banking information, link your preferred payment method, and initiate an initial deposit.
The specifics of the registration procedure will vary depending on the particular broker you’ve chosen, and you may also need to meet a minimum deposit. For example, when you register with Plus500, a minimum deposit of $100 is mandatory.
Depending on your chosen broker, you will have the flexibility to fund your account using various methods, including:
- Bank account transfers;
- Wire transfers;
- Third-party payment systems such as PayPal;
- Transfers from other accounts.
Note
Step 3: Place your order
Finally, you can start investing in Pfizer. If you have registered an account with Plus500, simply:
- Log in on the broker’s platform;
- Find Pfizer stock CFDs;
- Specify the number of CFDs you want to buy/sell;
- Choose the order type, i.e., limit, stop-loss, etc.;
- Double-check all the details;
- Click or tap on the Buy or Sell button.
Pfizer stock price today
Pros and cons of investing in Pfizer
Pros
- Stable, blue-chip stock: Pfizer boasts a long history of steady profits;
- Dividends: The company is known for high-yield dividends;
- Global Presence: Pfizer enjoys a formidable presence in the global market, especially after its contributions to the COVID-19 vaccine.
Cons
- The COVID-19 pandemic is over: Pfizer generated a lot of revenue thanks to its COVID-19 vaccine, which is now not in high demand;
- Patent expirations: Pharma companies do not enjoy exclusive rights to certain drugs for an unlimited time, and eventually, the competition will start producing the same products;
- Regulatory dependence: Pharma companies must adhere to strict regulations. Failing to do so can result in quick and dramatic losses.
How to trade Pfizer shares in Australia safely
Investing always entails a degree of risk. To minimize these risks and increase your chances of a profitable outcome, familiarize yourself with common investing mistakes and adhere to the following principles:
- Do your own research: Before making any investments, conduct comprehensive research into Pfizer and the industries it operates in;
- Establish a clear investment strategy: Come up with a well-defined investment strategy and refrain from making uninformed or impulsive investment decisions;
- Embrace diversification: Avoiding staking everything on one asset by diversifying your investments across various asset classes;
- Avoid succumbing to hype: Ensure that your trading choices are not swayed by hype and fads. Instead, base your decisions on thorough fundamental analysis;
- Regularly monitor your investments: Keep an eye on the performance of your investments and adjust your strategy as necessary.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about investing in Pfizer
How to invest in Pfizer in Australia?
Australian investors can invest in Pfizer by registering at an online brokerage such as Plus500.
Is Pfizer a dividend-paying stock?
Yes, Pfizer is a dividend stock. In fact, it has one of the highest dividend yields in the industry.
Where are Pfizer shares traded?
Pfizer’s common stock is traded on the New York Stock Exchange.
Recommended Multi-asset Broker for Online CFD Trading
-
Reliable & Regulated by CySEC (#250/14) - Plus500 Ltd is a FTSE 250 company listed on the London Stock Exchange
-
Wide range of instruments - CFDs on stocks, crypto, forex, commodities, ETFs, and more
-
Low cost investing - No commissions and tight spreads.
-
Transparent pricing on overnight funding, currency conversion fees, guaranteed stop orders, and inactivity fees.
-
Advanced platform - Top notch analytical tools, real-time quotes, fast order execution, secure withdrawals
