CommSec is an Australian brokerage company that has been operating for 20 years, maintaining its strong place in the industry and always aiming for excellence in everything it does. CommSec is originally an investment company that provides massive opportunities to either invest through 7 streamlined options or to trade on its own.
Is CommSec good?
CommSec is one of Australia’s leading online trading companies, actively promoting the financial development of the industry, educating traders and also helping regional communities through various programs.
Is CommSec expensive?
We find CommSec to be a good value broker, and there are options for starting traders and a low deposit requirement at the outset.
|Strong establishment and well regulated broker||Support not available 24/7|
|Great investment opportunities||Broker might be more suitable for professional traders|
|Unique access to trade Shares and Options||No Forex and CFD trading|
|Ultimate trading technology||No Demo Account|
|Choice between CommSec, CommSecIRESS platforms|
|Rewards and trading promotions|
|Quality customer support|
10 Points Summary
|Country of regulation||Australian ASIC|
|Instruments||Shares, ETFs, Options, Cash, Fixed Income Securities, Equities and International Funds|
|Costs||Trading costs are low|
|Base currencies||Various currencies supported|
|Education||Professional Education with Webinars and advanced research|
Is CommSec secure, or is it a scam?
CommSec is a trading name used by Commonwealth Securities Limited, a wholly-owned subsidiary of Commonwealth Bank of Australia, a market participant of ASX and Chi-X Australia. As a result of being a subsidiary of a well-established financial company and bank, its trading service and all transactions are regulated by the Australian Securities and Investment Commission (ASIC) and are subject to the necessary legislation.
|Regulated international broker||None|
|Part of a trustable and reputable Bank in Australia|
|Strong protective measures|
Is CommSec a controlled broker?
Regulatory oversight and integrity in the financial world always work to your benefit as a regulated business ensures that the broker is continuously audited and maintains clear conditions.
Because CommSec is a regulated broker, it is also part of a very reputable bank within Australia that gives you better understanding and trustworthy market exposure along with favorable trading conditions.
In addition to the security provided in accordance with the regulatory requirements, CommSec also protects customer funds, including its banking controlled service, and harmonizes experience within and outside the industry. In fact, when working with a controlled broker, you can always count on support in the event of any dispute or problems arising in your partnership, which is never the case with unregulated companies.
Trading often runs parallel to the risk of capital loss, given the usual winning loss of the trading process, where the risks increase if you use leverage. In reality, the leverage tool is a powerful feature designed to magnify your potential gains and trade a larger size, but you should learn carefully how to use it smartly.
Leverage is based on several factors, including your level of proficiency, as uniquely determined by each instrument, so that full details can always be reviewed through a trading platform.
Trading across the CommSec setting also allows you to access versatility through leverage ranging from 1:20 to 1:500, which is considered to be high leverage.
In addition to numerous trading instruments, including Bonds, Options, Cash, Fixed Income Securities, Equity, ETFs and Foreign Funds, CommSec also makes it possible to maximize your portfolio through unique offerings.
Beginners may be encouraged to enter various investment schemes, while active traders may register on specified terms and conditions. Professionals who have met specified criteria over a 12-month period are also provided a rewarding successful traders program known as CommSec One, which provides numerous trading incentives and dedicated support.
CommSec provides a very unique way of investing, while there is no traditional account opening, but a personalized solution to your investment, so be sure to learn it well, with the help of our CommSec Analysis.
|Fast account opening||No Demo Account|
|7 investment options|
|Selection of base currency|
|Investment and Wealth Management|
|Beginners Investment Opportunity with 50$|
|Daily Analysis and Exclusive Webinars|
|Reward Program – CommSec One|
Options for Investment
CommSec has formulated its proposal by offering choices between 7 Investment Options so that you can choose an appropriate portfolio to trade under the competitive condition that CommSec offers. It is also important to note that CommSec has built its product with the aid of a client so that all accounts are tailored solutions that you will address with customer support.
Is CommSec good for beginners?
The very beginners are also given simple investment options called CommSec Pocket where you can develop your portfolio over time with just $50.
What are CommSec Share Packs
One of the greatest opportunities at CommSec is real-time exposure to shares and market prices, regardless of the amount you trade, so that you can find a quick and steady method to execute your plan. It means that you can open a CommSec International Securities Trading Account with over 25 leading global share markets, including London and New York Stocks.
How do I open an account?
As far as the trading account itself is concerned, CommSec allows the opening of an account on the basis of an existing bank account or the opening of a cash account using CommSec Share Trading to easily settle transactions.
So the choices are as follows:
- First, go to the CommSec Sign In page – ‘Join Now.’ You can also sign up with an existing Facebook or Google account.
- Enter your personal data (name, email address, phone number, etc.)
- As for the Trading Account itself, CommSec allows an account to be opened on the basis of an existing bank account or a cash account to be opened using the CommSec Share Trading Account.
- Full questioner about your company experience and expectations
- Once your customer service account has been enabled and accepted, you can start trading.
CommSec Review Important point is its rates, so the broker has established very detailed terms that may fit traders of any scale, portfolio or need.
|Low and average trading fees||A bit complicated fee structure for beginners|
|Fees vary as per share traded and are charged separately for phone or online trading|
|0$ withdrawal fee|
What is the investment fee?
CommSec has built an interesting pricing strategy that is known for low brokerage rates starting from $10 per trade for less than $1,000-trades, giving you a better value for money.
CommSec trading fees are actually based on a commission basis, which depends on the instrument you trade, as well as getting lower as long as the trading size increases. Additional benefits and improved conditions are also available either through the CommSec One plan or other personalized requirements as provided by one’s own investor.
As a result, fees will vary depending on the share or asset you sell, where transactions are also split either if you exchange them over the phone or are paid by packets, as well as $66 per box for 6 Australian stocks – see more examples in the snapshot below.
Furthermore, due to the skilled trading environment, there are additional fees that may occur depending on the services that you may need to use.
See some of the CommSec Fee examples below – you can also compare fees to another common broker – USGFX.
What Deposit and Withdrawal available at CommSec?
|No particular deposit minimum, all costs are charged to your card directly upon the trade|
|No deposit fee|
|Withdrawals free of charge|
Options for Deposit
Because CommSec provides qualified trading of shares, your account is automatically linked to your designated settlement bank account, so that all transactions are directly linked to it. Practically, this means that once you settle an order, the money you bought from shares will be debited directly from the bank account, and the same applies to the sale of shares as well.
What’s the minimum trade on CommSec?
Since the CommSec Share Account is related to the initial bank account, there is no restriction as to how much money there should be. However, the initial acquisition of any given shareholding must be at least $500 worth of shares, regarded as a minimum marketable shareholding.
Nevertheless, if you sign up for CommSec Pocket beginners, you can start with a $50 package.
CommSec maintains its own powerful trading program with the same name, amalgamated with front-end technology and powerful features, all packed with the highest level of security. All trades go directly from the app while trading charges are taken directly from your bank account and your linked wallet.
In addition, for live-stream quotes and info, CommSecIRESS serves your needs as an immediate response to market movements. Even if CommSecireSS is a paid service, you will have access to it free of charge if you do 8 or more trades. In general, IRESS is a fairly comprehensive tool, a well-known program known for its powerful and sophisticated charting and analysis functionality.
|Proprietary Web trading platform||None|
|User-friendly design and login|
|Rewarded investment software|
|Powerful technology and direct connection to banks|
How to place your order?
Therefore, in order to start trading with CommSec, as strong share trading, you first need to set up a trading account, either linking CommSec to a current bank account or setting up a new one.
You can then place orders online through your CommSec account by going to Trading- > Shares Place Order.
You can also use the CommSec mobile app, which also gives you full control over your orders or an account. In addition, CommSec gives you a placement via telephone or internet access so that the broker can place an order on your behalf, which may also incur additional charges.
The sales process is equally streamlined, even though it is often difficult or impossible with other brokers.
Selling is also decided either by you Chess approved by CommSec or keeping a share registry, since brokers may need your shareholder reference number SRN to continue with orders. Nevertheless, all processes can be done with full support from CommSec, so that the procedures are streamlined and available at a time when you need them.
Overall, CommSec Review concludes a firm with a strong background based on the efficiency and reliability of the Commonwealth Bank. The trading environment is also a comprehensive feature, particularly suited for active and experienced traders, due to its advanced technology and access to qualified instruments, primarily offering trading shares.
Beginning traders are also accepted, however, as the broker supplies leading educational materials as well as providing investment programs suitable for investors of any size or need. As a result, CommSec receives our good word as a trustworthy partner, as well as the one who would give you what you might be looking for in terms of Shares trading.