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 trade Pfizer shares in Australia through an online CFD trading platform Plus500.
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
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 and the leverage;
- 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
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs
Can I trade Pfizer shares in Australia?
Yes, you can trade Pfizer shares in Australia through regulated platforms that offer CFD trading services. Keep in mind that CFD trading carries risk, and losses are possible if the market moves against you.
What are CFDs?
CFDs, or Contracts for Difference, are derivative instruments that let you speculate on asset price movements without owning them, whereby profit or loss is determined by the difference between the entry and exit prices of the position.
Do I need to own physical Pfizer shares to trade them as CFDs?
No, you don’t need to own physical Pfizer shares to trade them as CFDs. Instead, CFDs allow you to speculate on Pfizer’s stock price movements without owning the actual shares, though trading still involves the risk of losses.
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
