Here we present CommSec Review among others to support your choice of a broker to trade with. Always make sure to verify all the necessary data and check if a broker is legit or a scam.

What is CommSec?

CommSec is an Australian brokerage firm that operates over 20 years confirming its successful position among the industry and always striving to professionalism in everything they do. Originally, CommSec is an investment firm that offers vast opportunities to either invest through 7 simplified options or trade yourself.

Eventually, CommSec is one of the leading online trading providers within Australia, which actively maintaining the financial growth of the industry, educating traders and even supporting regional communities through various programs.

CommSec website

CommSec gives real-time access to shares and market prices, regardless of the amount you trade so that you may find a fast and steady process to deploy your strategy. It means you may open a CommSec International Securities Trading Account with exposure to over 25 leading global share markets including London and New York Stocks. Also, CommSec developed an interesting pricing strategy considered as low brokerage rates that starts from 10$ per trade for trades under 1,000$ giving you a better value for money.

In addition to its powerful and diversified trading opportunity CommSec also offers research materials you can trust, including Goldman Sachs stock and Morningstar ratings together with the latest tools like CommSecIRESS.

CommSec trading offer

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is CommSec safe or 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 the ASX and Chi-X Australia. In a result, being a subsidiary of a strong established financial company and a bank, its trading service and all settlements are respectively authorized by the Australian Securities and Investment Commission (ASIC) and oblige to necessary laws.

As we timely say, the regulatory overseeing and reputation within the finance world always act in your favor as a regulated company means the broker is constantly audited and maintaining transparent conditions. Ever since CommSec is also a part of a very reputable Bank within Australia that gives you better understanding and a trustable exposure to the market along with competitive trading conditions.

CommSec license

Apart from the provided security as per regulation requirements, CommSec also protects client funds, also by its Banking regulated service, and harmonizes experience within and beyond the market. In addition, treading with a regulated broker you may always count on the support in case there are any misunderstanding or questions appearing throughout your cooperation, which is never a case of unregulated firms.

CommSec Fees

CommSec Review important point is its fees, so the broker developed quite comprehensive conditions that may suit traders of any size, portfolio or need. Apart from a numerous trading instrument including Shares, Options, Cash, Fixed Income Securities, Equities, ETFs and International Funds, CommSec also allows to enhance you portfolio by unique offerings. The beginners may be advised to join various investment programs, while active traders may sign for specified conditions. Professionals are also offered by the rewarding active traders’ program known as CommSec One that gives trading benefits and dedicated support.

As for the Trading account itself, CommSec allows opening of account based on an existing bank account or open a Cash account using CommSec Share Trading account for the seamless settle of trades. 

CommSec products

 

CommSec spread

CommSec trading fees are actually based on a commission basis, that are depending on the instrument you trade, as well as getting lower as long as your trading size increases. Also additional benefits and better conditions applicable either through CommSec One program or other tailored conditions according to one’s own investor need.

However, due to its trading professional environment, there are additional fees that may occur, depending on the services you may use require, so you better check Fees through the official website by the link.

See, some of the CommSec Fee examples below, also well you may compare fees to another popular broker USGFX.

 CommSec Trading Platform

So in order to initiate trading with CommSec, as a powerful Shares trading, you firstly need to set up a trading account that is either connecting CommSec to your existing bank account or setting a new one. Then you may place orders through your CommSec Account online by navigating through an online account to Trading-> Shares Place Order.

Also, you may use CommSec mobile app that also gives you full capacity of control over your orders or an account. In addition, CommSec offers you placement through access via phone or internet so the broker will place the order on your behalf, which may also incur additional charges.

CommSec platform

 

The selling process goes similar way, but also is determined either you Chess sponsored with CommSec or held share registry, since in other way brokers may need you shareholder reference number SRN to proceed with orders. However, all the processes may be completed with full support of CommSec so the procedures are seamless and essential at a time you need it.

In addition, for live-stream quotes and data CommSecIRESS serves your need as response instantly to market movements. Even though CommSecIRESS is a paying service, in case you execute 8 or more trades you will get complimentary access to it. IRESS, in general, is a quite comprehensive platform, a quite known software famous for its powerful and sophisticated charting and analysis features.

CommSec Leverage levels

Trading throughout CommSec environment allows you also to access flexibility through leverage ranging from 1:20 and up to 1:500, which is considered high leverage. Leverage tool indeed is a powerful feature, which is designed to magnify your potential gains and trade a bigger size, yet you should learn carefully how to use it smartly. Leverage depending on several factors, including your proficiency level, as well as defined by each instrument individually so the full details may be always checked through a trading platform.

What Deposit and Withdrawal available at CommSec?

Since CommSec offers professional trading of Shares your account is automatically connected to your nominated settlement bank account, so all the transactions are connected to it directly. Practically, it means that once you settle an order the amount on which you bought Shares will be automatically debit from the bank account, and the same goes on with the sale of Shares as well.

CommSec money transactions

CommSec minimum deposit

Since the CommSec Share Account connected to the initial bank account, there is no specification on how much money should be there. However, the initial purchase of any particular shareholding must be at least $500 worth of shares, known as a ‘minimum marketable parcel of shares’. 

Conclusion on CommSec

Overall, CommSec Review concludes us a company with a strong background based on the efficiency and reliability of Commonwealth Bank. The trading environment is also a comprehensive feature mainly suitable for active and professional traders due to its sophisticated technology and access to professional instruments, mainly offering trading of Shares. However, beginning traders are welcomed also, as the broker provides leading educational materials, as well as offers investment programs suitable for the investor of any size or need. Therefore, CommSec receives our good word as a trustable partner, as well as the one who would give you what you might be looking for.

And of course, we would be glad to know your personal opinion about CommSec, share your experience in the comment area below or ask us for some additional information.

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