CommSec Review

Commonwealth Securities Limited (CommSec) is a subsidiary of Australian Commonwealth Bank, as well as a member of ASX Group and Chi-X Australia. The office is registered in Sydney, regulated by the Australian Securities and Investments Commission (ASIC).

Trading conditions

• Deposit currency: AUD, USD;
• Min. deposit: $ 10;
• Standard brokerage fee for ASX shares From $ 10;
• Website languages: English;
• Guaranteed stop loss;

Broker available market access: NASDAQ, Nyse, AMEX, Asx.

• CommSec Stock Trading
This type of account is intended for the purchase and sale of Australian shares. Feature – you do not need to make a deposit (but you must be a registered trader). Clients can use a cash account or access brokerage rates using the Commonwealth2 Direct Investment Account.

• Margin Lending CommSec
Marginal lending was created by CommSec in 1999, and allows you to trade and invest from $ 10. CommSec Margin Credits are available for trading Australian fund-managed stocks, stock options …

• CommSec Trading Options
There are several levels of options trading based on your previous trading experience. To reach a higher level, you will need to fill out a special request form. Levels are not unlocked, depending on the volume of trade or profits that you have received, but depending on your knowledge, experience and risk that you are ready to take.

• CommSec CFDs
CommSecCFD account opens the door to trade 7,000 different CFDs:
– Australian and international promotions;
– global indices;
– goods;
– foreign currency;

There is also a guaranteed stop loss feature that you can use, and it starts at just 0.3%.

Trading platform

CommSec uses a dynamic trading platform called CommSecIRESS. Which provides streaming data in real time.

• The best advantages of trading on your platform:
• Real-time data and quotes;
• Improved graphics;
• Quick and easy order placement;
• Extensive Market Overview;
• Customizable desktop;
• Flexible access for FREE to regular traders;

Unlike many other trading platforms, this one is not completely free. The cost of trading on it can reach $ 82.50 or even more, depending on the services you use.

The same broker provides a demo account that lasts 14 days and has virtual money in the amount of $ 20,000.

How to open an account to trade CommSec shares?

To open a CommSec trading account, simply click the “Open Account” button on the CommSec website, then begin

he following four-step process.

Residence and identity check:

• Personal data;
• Register interest;
• Download trading platform and mobile application;

To complete the account opening process, provide the following details:

• Age (you must be at least 18 years old);
• Name;
• Address and contact details;
• Valid Email Address;
• Telephone number;
• Tax return number;

Education

The educational center of the broker is completely free, and all is available to customers.

All of our free educational resources are in one convenient place. Best if you are just browsing.

• Insights

Ideas from industry experts in the form of educational articles. This is the best kind of education if the client wants to master investment knowledge.

• Learn the basics

Get familiar with the basic concepts of investing and the stock market. Best if you are new.

• Webinars

A comprehensive set of webinars with cutting-edge ideas from industry leaders and the CommSec expert team.

Support

CommSec customers are provided with a fairly high level of customer support. The only downside with a broker is that when it comes to customer service, CommSec cannot be contacted via live chat options. The active form on his website is not really active. And it may take 1-2 days to respond by email. This is inconvenient for customers who have short questions that a chat representative can easily answer.