Does CommSec have fees?

Different brokerage rates apply to CommSec Pocket trades executed through CommSec Pocket App or CommBank App.

CommSec Pocket.

Trade execution Brokerage fee amount by transaction value1,2
Trade through Pocket App or CommBank App $2.00 (up to and including $1,000) 0.20% (Over $1,000)
Late settlement fee $10.00

Is CommSec trading free?

CommSec means value

It’s free to join, there are no ongoing fees and you can start trading with as little as $500.

Does CommSec have an inactivity fee?

Ongoing account fees.

You pay nothing when you first open a CommSec share trading account. There are also no monthly account-keeping or inactivity fees for your Australian account. However, there is an annual $25 fee for international accounts if you don’t conduct at least 1 trade during the year.

Is CommSec worth using?

Yes, Commsec or Commonwealth Securities is safe, and are Australia’s largest full service for fee online brokerage platform. They are backed by the Commonwealth Bank which is one of Australia’s largest publicly listed companies (on the ASX), and are trusted by over 55% of Australian investors.

Does CDIA account have fees?

Rates & fees

No fee applied for CDIA accounts linked to CommSec Trading Account, or SMSF option. For more information on fees and charges that may apply, please read the Transaction, Savings and Investment Terms and Conditions.

Is CommSec good for beginners?

Commonwealth Securities (CommSec) has been one of the prominent names when it comes to selecting a stockbroker for beginners as well as pros. CommSec provides a CDIA investor account, which is the simplest and cheapest way to trade with CommSec.

What is the cheapest trading platform in Australia?

Pearler is rated as Australia’s best share trading platform for beginners because it’s easy to use and you can start investing from just a few cents. You can also choose to invest in individual shares and ETFs or simply deposit funds into an investment portfolio offered by Pearler.

How long can you hold shares in CommSec?

Valid up until market close of the specified date or the default of 20 trading days (whichever is the earlier).

How do I get my money out of CommSec?

Access your cash from any CBA branch, ATM, or via phone and internet banking. Settle your trades automatically through your CDIA. Earn tiered interest on funds in your account. Use the optional Debit MasterCard to access your cash globally.

How do I avoid monthly fees?

Thankfully, there are ways to avoid these costs.

  1. Sign up for direct deposit. …
  2. Find a bank that doesn’t charge monthly fees. …
  3. Meet the minimum balance requirement. …
  4. Have two or more accounts with the bank. …
  5. Download a good financial app. …
  6. Meet the minimum debit card usage. …
  7. Ask for fee forgiveness.

What is better than CommSec?

CommSec alternatives for beginners

  • Passively invest in ETFs. Spaceship Voyager.
  • For investors who HODL. Pearler.
  • Invest your spare change. Raiz.
  • Cheap ASX share and ETF trades. Superhero.
  • Like Robinhood for Australia. Stake.
  • Copy experienced traders. eToro.
  • Trade the ASX and US markets. …
  • One of Australia’s most established brokers.

Do you get dividends from CommSec?

Our Dividend Direction Service allows you to have your dividends paid directly to your settlement account, rather than waiting for a cheque in the mail. If you opt in to the service, it will apply to any existing securities on your CommSec Share Trading Account, as well as any new holdings you buy.

What is the minimum buy on CommSec?


Your initial purchase of any particular shareholding must be at least $500 worth of shares, known as a ‘minimum marketable parcel of shares’. CommSec may then allow you to purchase smaller amounts of shares to top up existing shareholdings.

Can CommSec sell my shares?

If you already have a CommSec Share Trading Account in the same name as the shares, you can go ahead and transfer the shares to your CommSec account, then place an order to sell them. Was this helpful?

Who is the best stock broker in Australia?

Here are Australia’s best online trading platforms for share trading in 2022.

  • CMC Markets – 5 Stars – Best Overall.
  • IG – 5 Stars – Best Trading Platform.
  • CommSec – 4.5 Stars – Best Bank for Share Trading.
  • Interactive Brokers – 4.5 Stars – Best for Professionals.
  • Westpac – 4 Stars – Best Research.

What happens when you sell on CommSec?

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Is there a fee for trading?

Trading fees apply when you want to buy or sell shares of a specific investment. Also called a commission, this fee is paid to the broker in exchange for helping to facilitate the trade through the platform. Traditional brokerage firms can also charge these fees.

What is the minimum trade for CommSec?

Your initial purchase of any particular shareholding must be at least $500 worth of shares, known as a ‘minimum marketable parcel of shares’. CommSec may then allow you to purchase smaller amounts of shares to top up existing shareholdings.

Is there a fee for trading a stock?

Common investment and brokerage fees

Trade commission: Also called a stock trading fee, this is a brokerage fee that is charged when you buy or sell stocks. You may also pay commissions or fees for buying and selling other investments, such as options or exchange-traded funds.

Is it free to trade stocks?

Investors can now trade stocks for free through most brokers. But how do brokerages make money if they’re waiving commissions? A deep dive into the commission-free trading movement reveals various business activities that build profits, sometimes to the disadvantage of clients.

How can I avoid trading fees?

How to Reduce Trading Fees

  1. Stock Trading Fees Explained.
  2. Use a Zero Fee Broker.
  3. Use a Per-share Price Structure.
  4. Use a Fixed Price Broker.
  5. Use a Direct Access Broker With ECN Routing.
  6. Shop Around for Low Trading Fees.
  7. Avoid Over Trading.
  8. Account for Trading Fees in Evaluating Trades.

What is the cheapest way to trade?

The most inexpensive way to purchase company shares is through a discount broker. A discount broker provides little financial advice, while the more expensive full-service broker provides comprehensive services like advice on stock selections and financial planning.