How to invest in Google from Australia

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👌Difficulty Low
☢️Commissions Zero
💲Minimum deposit 200$
🪙Instruments: Stocks like Google, crypto, forex, commodities
⚖️Regulated by: Cyprus Securities and Exchange Commission (CySec), United Kingdom's Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
🌐 Official website: www.etoro.com *
* Your capital is at risk.

How to buy

For those who live in Australia, a great way to invest in Google shares is, definitely, this popular broker.

eToro*, one of the main brokers around the world, is registered and licensed, among others, by the United Kingdom's Financial Conduct Authority (FCA).

We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Australia, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.

How to sign up, step by step

The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.

Then check your email inbox: you should have received an email from eToro, click on the button and your account will be verified.

Once on eToro, you just have to click on “Deposit funds”, in the page menu.

There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:

As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.

If you have a choice, we do not recommend bank transfer because it takes longer, and it can be very frustrating to see the price of Google rising while you wait for your transfer to be done.

How to make your first purchase

As soon as eToro has confirmed the receipt of your credit, you just have to search for “Google” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.

*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

About Google

Google is the most used search engine and the most visited website worldwide, performing an average of three billion searches per day. But it is also one of the largest software and electronic services companies in existence for a long time.

Like other Internet companies, Google was born as a university project in 1996 by students Larry Page and Sergey Brin. Two years later, in 1998, the two founded the company Google Inc. and the search engine was launched on September 27.

At that time, it was just a search engine with an infrastructure of 80 servers in a closet. However, its initial success was so great that by the year 2000 it had already displaced the most popular search engine at the time, AltaVista.

Since then, Google has only grown to become the technological giant we know today. From just a search engine and generating revenue from internet advertising, Google evolved to offer a wide variety of services among which we can mention:

  • YouTube
  • Google Chrome
  • Android OS

And we mention these because they are the ones that generate the most revenue for Google, revenue that comes from the advertising model that we all know. But there are also lesser-known projects that also generate revenue to the company, such as Google Drive, Workspace or Cloud.

Future projects of Google

Being a technology company, Google remains in a process of continuous research and development that sustains its success in the market. This is how Google has a laboratory known as Google X in which it works on new technologies.

In this laboratory, Google develops technology that may seem futuristic, such as the Smarty Pants, which are robotic pants controlled by artificial intelligence that will help people with reduced mobility.

Following the futuristic line, we can also mention the Wolverine project. In this case it is a device that would improve the hearing of any person. You will probably think that there is nothing futuristic about this, but the magic lies in the device's ability to focus on a particular speaker in a crowded environment.

These are projects that are ongoing, but to mention something more rational and company-related, there is the Taara project. This project seeks to bring the Internet to everyone using beams of light instead of wires. And according to the company itself, this technology is the only one that has the potential to surpass Google Fiber.

This is the way Google has kept growing over and over and that has allowed it to remain in the group of the big five of technology, along with Facebook, Amazon, Microsoft and Apple.

How to deposit funds on eToro

Among the payment methods that you will find on eToro are: bank transfer, PayPal, credit card, Neteller, and Skrill. Making a deposit with eToro is so simple: go to “Deposit funds”, type the amount and select a payment method from the previous ones.

Consider that for security policies, you need to be the owner of the account or the credit card.

The minimum you can deposit is $ 200 and there is a limited amount if you are not verified. Therefore, if you plan to operate with larger sums, contact Support beforehand to verify your account.

The platform allows deposits or transfers in any currency, but you will have to pay a fee for the conversion to USD. So it is better to use USD directly.

Leverage

Do you know what leverage is? Just in case, we'll put it simply: another good thing about trading is that it lets you invest higher amounts than what you really have. That is, if you have $ 100 and you choose to leverage x2, the amount of your investment will be $ 200.

Why using leverage and how to do it

Assuming that, for example, you are certain that Google price is going up, and that you have $ 1,000 for “going long”, you must know that you can increase your investment and earn higher profits.

There's the possibility of requesting a loan at your bank or other financial company, but you must know that all the process takes time, and when you receive the money, Google might be already at a much higher price, so you wouldn't be able to invest the way you planned.

With leverage, you can get that amount of money just by moving a finger. It's like a loan, but much better: from eToro itself. You will be able to invest much more money than you actually have on the eToro Wallet. As in the image below, you will see the different options you have:

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With other assets, the ability to leverage is greater. This is because cryptocurrencies usually represent medium-long term investments, and leverage is used mainly for day trading or short-term operations. Let's talk a bit more about how leverage works:

  • If you decide to invest $ 1,000 and you use leverage x2, you will be starting with $ 2,000 (remember that$ 1,000 are a “loan” from eToro). 
  • Then, turns out that Google price does rises, as you thought, and now the cost of your investment is $ 2,400 (20% more), so you decide to sell back. 
  • The $ 1k of leverage will be deducted, and you will have $ 1,400 left; which means the net profit is $ 400, since the other $1,000 was yours from the beginning.

With $ 1000 you get $ 400, in other words, 40% more. That's not bad at all, right?

It may sound too good to be true. The thing is, you can also lose. If everything goes according to plan and the price goes up, you will earn profits in little time; but in the opposite case, you will also lose more really fast.

Supposing that the price didn't increase by 20%, but it went down also by 20%, you won't lose $ 20 but double, $ 40. That is why to operate with leverage it is fundamental to take into account Take Profit and Stop Loss.

Take Profit is an automatic order of selling once the asset achieves a certain price: you buy Google shares at $ 100 and you ask eToro to close your operation as soon as the price reaches $ 120. It is very helpful to avoid being blinded by enthusiasm: we would all take a 20% profit when making the investment, but when you reach that 20% it is easy to ask yourself “what if this keeps going up and it is a mistake to exit?”. It's like you made sure now of not acting recklessly in the future.

Stop Loss is even more necessary, especially when trading with leverage, since a small loss could be tragic for your wallet. Take into account that eToro will recommend a limit for Stop Loss, but you should place it closer to current price than that.

Financial assets you can operate with in eToro

We already know about stocks, there are more financial instruments you can trade with in eToro.

Index Funds

This is the best option for people who can invest in the long term, mostly for those who are starting to trade, because it is less expensive, diversified, and the risk is lower.

Perhaps you have a different idea, but very few investors can beat their benchmark return (yes, you have probably heard of investors who achieve huge profits).

But putting aside some unusual cases (like Warren Buffett's), not everything is as good as it sounds: if you hear of someone who has beaten the index, they have probably done so for a short time, or charges so many commissions that it ends up being better for you to index (whit minimal commissions). Besides, if something happened once, it doesn't necessarily represent a regular behavior.

Index funds offer these two advantages: although in the long term, they usually beat active managers, and the rates are so much lower.

Commodity market

The main advantage of investing in commodities is that prices are more stable than those of other assets. Actually, their stability is what makes people often invest in raw materials, to take refuge from market volatility or inflation. Even so, the cost of raw materials depends on supply and demand, so if faced with the fear of inflation, demand rises a lot, so will the price.

Consider that the only intended income from the investment in raw materials will come from their further sale because these kinds of assets do not pay dividends.

Raw materials are commonly categorized into two kinds: first, we have hard raw materials, which are precious metals (gold, silver, copper, and platinum), industrial metals, and oil; in second place are soft raw materials, which are agricultural products such as sugar, cocoa, soybeans, among others.

Foreign exchange market

Currency trading or Forex consists, as the name says, in the exchange of currencies. It's the conversion of one currency to another to make a profit through the operation.

If you decide to trade the EUR/USD pair, you purchase euros at their price in dollars, with the expectation that the euro will increase compared to the dollar. Then, if you purchased each euro at 1.15 USD and you sell them back when they are worth 1.20 USD, that margin will be yours.

Perhaps you already deducted this, but operating with foreign exchange usually implies investing a lot, because prices rarely increase that much, or using a lot of leverage, which is a bit like skating on thin ice. In case you are just starting to trade, it is not a good idea to begin with Forex, because it's not the safest option.

eToro allows exchanging the most usual currency pairs. However, remember that in this market sales are always made through contract for differences, thus you will not be the owner of the underlying asset.

What is social trading?

The first platform that conceived trading as a social activity was eToro, and the idea became successful really quick. Other brokers have also adopted this concept, but eToro is still the leader.

But it wasn't just about creating yet another social network to talk about investment. The real innovation was in the possibility for users to replicate the moves of advanced investors, who were in turn paid for their ideas.

It sounds complex but it isn't: when you enter eToro you will find in the menu on the left the options “Copy People” and “Invest in CopyPortfolios”.

CopyPortfolios

“CopyPortfolios” are types of ETF or thematic index funds, a portfolio that bundles a number of assets in a certain sector. For example, if you think that the gaming industry is going to succeed shortly but you don't have enough information (or time) to choose stocks, you just have to invest in the CopyPortfolio “InTheGame”, which includes Google, Microsoft, NVIDIA, Nintendo, Logitech, AMD, Intel, Unity…

CopyPortfolio has generated a 100% profit in the last year, and it is as simple as clicking on “Invest”, enter the amount, place the stop-loss and wait.

Copy People

But you can also copy other users of the platform who are successful investors. It is really easy: you can find them with “Copy People” and just replicate their strategies.

In the profile of each user, you will be able to see their risk profile (how much risk do they take when trading), their performance history, and the kind of instruments they trade..

And although replicating other user's investments is very interesting, you should also make the most out of the platform's community, read what other users think, and learn from their experience. It is a great source of information and knowledge, especially if you want to turn investing into a lifestyle.

eToro Interface

As we have mentioned among the positive aspects of eToro, the best thing about this online broker is its extraordinary simplicity: anyone can invest without having to read endless explanations.

If you have used before any of the most popular social networks today, you can perfectly manage eToro's interface.

Now we will walk you through the sign-up process and the sections of the page that you should know.

When you open your account, you will have to enter all the information that eToro asks for: first and last name, address…

Also, you will see that they ask you some questions about your experience as an investor.

However, it is not like you are answering a test. They only intend to know how much knowledge you have and what type of financial instruments they can suggest. For example, if you have never invested before, they will not recommend that you invest in futures.

Let's see what the different sections of the platform are.

In the “Set Price Alerts” tab, you have, as its name indicates, the option to set alerts on the price of certain assets. You only need to click on the three points at the end of the line and you will be able to program a price alert. It is a very useful tool for when you are after an asset which price is decreasing, but perhaps you think that it will decrease even more.

“News Feed” is for social purposes and interaction. This is the section where users can share opinions and information.

“Discover” includes the tabs “Instruments”, “People” and “CopyPortfolios”. And we already mentioned the kinds of assets on eToro:

  • Cryptocurrencies
  • Exchange-Traded Funds
  • Shares
  • Raw materials
  • Forex trading
  • Index funds

In the tab “People” are all the profiles and historical performances of other investors, and you can replicate their strategies with just one click. This is where the “social trading” term is best applied.

In this section, you can search for those users that you find more interesting. You can search by risk level, trading market, profits or country, among other filters. When you select an investor and indicate how much money you want to invest, eToro will automatically replicate their movements, in proportion. If you invest $ 1000 and the user puts 20% of their funds in an asset, eToro will also invest 20% of your money in the same asset, in this case, $ 200.

You will also find the CopyPortfolios divided into three main kinds: “Top Trader”, “Market” and “Partner”.

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Sometimes you might prefer copying to CopyPortfolios than to individuals, since the former offer more diversity. The portfolios are identified so you can recognize them easily: one about gaming, another about large drone companies, another about pharmacy … Do you suspect that a certain sector will prosper anytime soon? Then you will surely find a CopyPortfolio about it.

Common questions

How much is the minimum investment I have to invest in Google?
The minimum deposit is 200USD.

When will I be able to take out my funds?
Whenever you want. You just have to end your Google trade, go to “Withdraw Funds” section and you will the money very soon.

What payment methods are accepted?
You can use: Credit Card, Bank Transfer, PayPal, Rapid Transfer, Neteller, Skrill and Klarna / Sofort Banking.

* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.