Compare CommSec Trading Accounts

Commsec Share Trading
Commsec Share Trading

With two decades of experience, CommSec provides Australians with real solutions to making your own investments online.

CommSec is an Australian online investment broker, offering you access to a number of markets and accounts, from the one convenient account login. There are no charges for joining CommSec, and you will not have to pay any ongoing monthly fees if you choose to open any of their accounts.

Brokerage fees are competitive across CommSec accounts and it’s most definitely true that you get what you pay for when trading with the biggest broker in Australia.

Who is CommSec?

For over 20 years CommSec has been building a reputation as one of Australia's leading online brokerage and trading service providers. Now with a customer base of over 1.5 million Australians, they offer a multitude of trading solutions that includes not only domestic share trading options, but also the ability to grow your wealth through access to international shares and contracts for difference (CFD).

Operating entirely online, CommSec not only provide you with a number of investment and trading account options, but they offer a single login across them all. This means that you no longer have to flick between multiple windows or open a number of cash settlement accounts in order to trade multiple markets.

What types of accounts are available through CommSec?

Compare CommSec trading accounts via our two main review pages below:

CommSec also gives investors the option to choose between an individual, joint, SMSF, trust or company account. By choosing the right account for your circumstance you can ensure that you are getting access to the specific account type to meet your individual trading needs.

What markets can I trade through CommSec?

Depending on which CommSec trading account you choose, you will be able to trade a number of different markets. CommSec clients are able to find trading opportunities in:

  • Australian shares. Historically, the Australian stock market has provided better, long term returns compared to other investments.
  • Managed funds. These are great tool to diversify your portfolio. As an investor you buy individual units, rather than shares.
  • CFDs. This is a flexible leveraged product where you're exposed to price movements.
  • International shares. With Commsec you can access 25 international markets, including the New York Stock Exchange and London Stock Exchange.
  • Exchange traded funds. These are funds that trade on the stock exchange, similar to ordinary shares. Each ETF represents a basket of securities.
  • Interest rate securities. These are debt investments that pay a fixed or variable rate of return. You're lending money to an issuer where they pay you back with interest.
  • Warrants. This is a type of derivative to borrow money to invest in stocks.

Awards that CommSec has earned

  • Money Magazine Best of the Best Award – Since 2008 CommSec has been awarded the Best of the Best award each year by Money Magazine for the Best Feature-Packed Online Broker.

Does CommSec provide any trade support and help?

As the trading arm of the Commonwealth Bank of Australia, CommSec are known for providing excellent trade support and help. The company's consistent focus on customer support is second-to-none as you can see by the options that clients have to choose between:

  • Frequently Asked Questions (FAQs). The CommSec FAQ page is highly in depth and allows you to search their database with a question that may have already been answered.
  • Phone support. CommSec have two English speaking numbers, one for clients within Australia and another for clients overseas. They also have a Cantonese/Mandarin number for use within Australia.
  • Email support. The support email address allows clients to articulate their problems via text in a longer format and questions are usually answered within one business day.
  • Questionnaire form. Unfortunately this form doesn't lead to a live chat session. The questionnaire form on their support page feels a little bit redundant, especially because attaching any supporting screenshots or documentation will open up an email window anyway.
  • Twitter support. CommSec have now opened a dedicated @CommSecSupport Twitter handle and goes some way to supplementing the broker's lack of live chat feature.

How do I open a CommSec trading account?

You can open either a CommSec share trading, or CFD trading account by simply clicking the open account button on the CommSec website. There are however, a few other eligibility requirements that you should know about before proceeding to the application. These include:

  • Minimum age. You must be at least 18 years of age if you want to join CommSec and take advantage of their online trading platform.
  • Residency requirements. CommSec products and membership are only available to Australian residents who can provide an Australian residential and postal address.
  • Depository requirements. There is no minimum deposit required for opening a CommSec account. If you are an existing NetBank or CommSec customer you can link your accounts and make your transfers to begin trading almost immediately.

If you are eligible to join CommSec gather the following documentation in order to make filling in the paperwork easier:

  • Tax file number. Providing CommSec with your tax file number (TFN) or exemption codes is optional.
  • Identification. CommSec will ask for your personal details including your date of birth and current mobile number.

Once you are given the details of your CommSec online trading account you can begin to make trades as soon as you transfer funds into your cash settlement account. If you're unsure where to start, check out our detailed share trading or CFD trading guides.

Trading accounts similar to CommSec

Updated December 14th, 2018
Name Product Monthly fee Standard brokerage fee for ASX shares Margin trading - Online IPOs / Floats International shares
$0
$8 or 0.1%
Yes
Yes
Yes
Low brokerage fees on Australian and international shares. Earn 25 Qantas Points when you trade Australian shares, 50 Qantas Points when you trade international shares (T&C's apply).
$0
$9.50
No
No
No
Trade ASX-listed shares for a flat fee of $9.50, regardless of the trade size. New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
$0
$6.99 or 0.1%
Yes
No
Yes
Access over 19,000 Australian and global shares.
$0
$15 for trades up to $10,000
Yes
Yes
No
Enjoy tiered brokerage fees, Bell Potter research and eligible market-to-limit orders placed onto the ASX in under a second. For a limited time, get a custom deal based on your trading preferences when you switch to Bell Direct.

Compare up to 4 providers

Updated December 14th, 2018
Name Product Minimum Opening Deposit Major Trading Instruments Commission (ASX 200 Shares) Platforms
$0
Indices, FX, Shares, Commodities, Cryptocurrency, ETPs
0.08% with $7 minimum
MetaTrader 4
ProReal Time
Trade from over 15,000 markets with Australia's leading service for CFD trading and forex. Introductory offer: receive a reduced commission for the first two weeks.
AUD$3,000
Indices, FX, Shares, Commodities, ETFs
0.10% with $6 minimum
SaxoTraderGo
SaxoTrader
More than 9,000 CFDs including single stocks, stock indices and commodities
AU$500
Indices, FX, Shares, Commodities, ETFs
0.08% with $5 minimum
MetaTrader 4
At Pro
Advantage Web
Trade CFDs on indices, FX, global & Australian shares and commodities, plus access other markets such as metals, bonds and interest rates.
$0
Indices, FX, Shares, Commodities
0.07% with $5 minimum
MetaTrader 4
CloudTrade
Welcome bonus of up to $500 after your first month. T&C's apply.
Trade CFDs on local and international shares, forex and commodities.
US$200
Indices, FX, Commodities, Cryptocurrency
No commission
MetaTrader 4
MetaTrader 5
cTrader
Trade stock indices on the global market, via Pepperstone's MetaTrader 4 and cTrader client terminals.

Compare up to 4 providers

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2 Responses

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    HowFebruary 10, 2017

    How can l get debit card?

    • finder Customer Care
      LouFebruary 10, 2017Staff

      Hi there,

      Thanks for your question.

      If you are interested to get a debit card, you can check and compare your options here.

      You can click the name of the card on our comparison table so you can check the card features and the eligibility criteria to apply.

      To read the terms and conditions of the card and to submit your application, you can click the ‘go to site’ button.

      Cheers,
      Anndy

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