CommSec Broker Reviews and Full Information

What is CommSec?

CommSec which is which is also known under the name Commonwealth Securities limited, has been in the online trade business for more than 20 years. Established by the company in the year 1998 CommSec was able to raise the level of competition and has provided a tough challenge to other brokers located in Australia. It is an affiliate that is part of the Commonwealth Bank of Australia and fully regulated by Australia's Securities and Investments Commission's regulations and rules. They are also members of both the Australian Stock Exchange and Chi-X Australia as well as the subsidiary.

They have been localized to Australia and are not able to accommodate International clients. However, there are certain conditions and terms that they can accept clients from abroad.

If you're in Australia and searching for an agent, CommSec can be a excellent choice due to the high quality of their service and the range of features offered.

 

Pros

Cons

Excellent customer support service.

There are no International clients.

Regulations provided by ASIC.

The well-known MetaTrader platform is not available.

Proprietary platform offers a variety of options.

CFD or Forex trading are not are supported.


 

 

10 Points Summary

Headquarters

Australia

Regulation

ASIC

Platforms

CommSec, CommSecIRESS

Instruments

ETFs International funds, Equities, Fixed Income Securities and Equities.

EUR/USD Spread

Commission is based

Demo Account

No

Minimum deposit

$10

Base currencies

Multiple currencies supported.

Education

Provided.

Customer Support

24/5

How Safe Are You by CommSec?

Security is essential in the world of trade and should not be ignored. If a broker is not able to meet your needs by the level of protection they provide then you should consider a different broker. There are a few things that can't be overlooked since perfection is difficult to attain, but never the guaranteeing the protection services the broker provides.

CommSec is overseen through the Australian Securities and Investments Commission and is a part to Commonwealth Bank Australia. These associations will eliminate any doubt that anyone might be unsure about the legitimacy of the renowned broker.

 

Pros

Cons

Regulations provided by ASIC

None

An association with a reliable bank in Australia.

 

 

 


 

Awards:

The awards symbolize the dedication commitment, dedication, and high the quality of work provided to the staff. They're a symbol of gratitude for the long hours of hard work done by our team. So so far, CommSec has won the following prizes:

Innovation Excellence 2020.

Best Featured Margin Loan 2019

 


 

Is CommSec an enigma or a trusted source?

It is suggested to conduct thorough and proper study prior to selecting an internet-based broker.

What is the reason? The reason is usually due to lack of understanding that many novice and prospective traders fall prey to the lure of scam brokers that are available on the internet. To safeguard yourself and your precious money you're planning to invest, select a trustworthy online broker with an established reputation in the marketplace.

CommSec has been operating in the world of online trading for over two decades and built an enviable reputation. ASIC is a regulator. This is why CommSec is a good option.

 

Account:

CommSec provides four accounts: Share Trading, Margin Lending, Options Trading, and International Share Trading.

SHARE TRADE Share trading account holders are able to place orders prior to any deposit of money. This unique feature allows customers to take advantage of any investment opportunity that pops up. This way it is possible for a person to not lose out on opportunities because he does not have any funds into his account. Options for investing include Australian shares, partially paid securities such as warrants, exchange-traded funds as well as MINIs.

MARGIN Loaning The account gives loans that take the form investment funds. It is required to transfer shares or cash you hold as a security. After the transfer has been completed the system evaluates the amount that could be given. Users have access to all trading tools and can be comfortable. The options for investing are the same as those of the shares trading accounts.

Option Trading with your Options Trading Account, you are able to trade options instead of shares. This creates many options for investing in your portfolio. It can also be connected with other CommSec accounts. In the end it is basically a an investment opportunity that is more lucrative.

Internation Share Trading This kind of account, the investment opportunities aren't limited to a specific kind. It lets the user benefit from various investment opportunities around the world. The types of products you can trade using this account include ETFs and ETOs.

But, the most significant issue is that CommSec doesn't offer Demo Accounts. Demo accounts are an excellent opportunity for prospective or novice traders to gain an idea of how this functions. CommSec is not able to offer this convenience to traders who are new.

The Islamic Account is also not provided by CommSec.


 

 

 

Pros

Cons

Different ways to invest.

Demo Account is not available.

The process of opening accounts is quick.

No Islamic Account available.

A variety of account options to pick from.

 


 

Trading Instruments

CommSec offers a range of trading instruments, including

Australian Shares

Warrants

Fixed Income Security

International money

Exchange Traded Funds (ETFs)

 

Pros

Cons

A wide range of trading instruments.

None

Options for investing globally.

 

 

 



 

 

 

Trading Platforms:

CommSec has created its own web-based trading platform which is known under that same title "CommSec". The user interface of the web-based trading platform is simple and straightforward. Additionally, the platform is loaded with features that are powerful and scientific like trading limits, a forum for community members that is available with stock screeners, numerous others. The best part is that the platform is designed with the factor of compatibility in mind. It is therefore compatible with the most popular web browsers like firefox, chrome and internet explorer.

Are you looking to trade while traveling and don't have a laptop? You're in luck, CommSec is the perfect solution for you. The proprietary platform used by CommSec is also accessible as a mobile app which means you can access it be anywhere, any time you'd like.


 

Pros

Cons

Simple user interface.

None.

Mobile trading is now available.

 



 

 

 

Trading Fees:

CommSec has a complex fee structure that can be confusing at times. The brokerage company is charged a flat fee of $10 for trades (Australian Shares, ETFs as well as warrants ) up to $10,000. On estates of deceased persons the fee is %59.95 is payable in excess of $10,000.

A fee of $25 per year is assessed on accounts that are inactive.

For more information, visit the website for more information and an idea of the various costs for various things.


 

Pros

Cons

There is no fee for withdrawals.

A fee for inactivity on the account is imposed.

A deposit fee is not due.

It is a bit complicated.

 

 

 

 



 

 

 

Deposit & Withdrawal Options:

CommSec has a few withdrawal and deposit options for traders and investors.

You can connect one account from the Australian account with a bank with your CommSec account by filling out an application. When you make an order with the bank, it will take the payment out of your bank account.

Bpay is also a method to transfer funds.

Education:

CommSec offers a variety of educational materials on their website for prospective traders as well as novices. It's not easy to master by yourself, but make sure you take benefit of any educational resources that are available to you.

CommSec offers a variety of webinars, insight and a step-by-step guide that help investors learn the fundamentals.

 

Customer Support:

The quality of customer service offered by a business is a sign of whether it truly cares about its customers or not. It is crucial to select an agency that is able to help customers with any difficulties they might encounter.

CommSec has an excellent customer Support Service. The staff is on hand all week long to assist novice and experienced investors with their issues. They is available through live chat or email or by phone. Responses are always fast.

One disadvantage CommSec might have is the fact that it is unable to provide its services to customers who are not from the US.

 

Pros

Cons

24/5 service.

None.

Response time is fast.

 

The team can be reached in various ways.

 



 

 

 

Conclusion:

CommSec was in business for over 20 years. They offer excellent customer service services, as well as a range of options for investing that permit the company to invest internationally.

It's own sophisticated web platform that offers appealing technical features and a user-friendly interface. Furthermore, a mobile app was developed by CommSec to make it easier for its investors.

Frequently Asked Questions (FAQs)

Is Commsec controlled?

Absolutely, CommSec is overseen through the Australian Securities and Investments Commission.

Do you have a demo account that is provided through CommSec?

It's not true, CommSec doesn't offer demo accounts for its traders.

Do you have a choice to use HTML0 for CFD or Forex trade?

There is no, CommSec does not offer CFD as well as Forex trading on their market instruments.

Is it possible to join CommSec in the event that I am outside from Australia?

It's not true, Commsec is limited to only Australian citizens.

Does there have to be a fees for withdrawal?

There is no charge for withdrawals. without charge.

Summary
Properties Values
Name
CommSec
Minimum Diposit
$ $50
Leverage
1:500
Regulation
ASIC (Australia),,,
Headquarters
Sydney, Australia
Established
1995
Address
201 Sussex Street, Sydney NSW 2000
Platform
MT4,MT5,MT4 Android,MT4 iOS,,
Payment Method
Visa,Mastercard,Skrill,Neteller,Perfect Money,Webmoney,,
Overview
Properties Values
Spreads
0.1-5
Min Position size
0.01
Broker Type
MM ( Market Maker),STP (Straight Through Processing),,,,,,
Account Type
Standard,,
Brokers by Country
Australian Forex Brokers,,
Techniques
Scalping Forex Brokers,Mobile Trading Brokers,,
Instruments
Forex Trading Brokers,,
Account currency
USD,EUR,GBP,CAD,XAU,,USD,
Tools
Economic Calendar,Charting Software,Pip Calculator,Profit Calculator,,
Website Languages
en,,
Support languages
en,,
Bonus
No
Reviews Rating
3.5
Withdrawal Fee
No
Trading Signals
Yes
Free Education
Yes
Daily News
No
Demo account
Yes
Swapsr
Yes
Pors
1. There are Great investment opportunities and unique access to trade Shares and Options on the choice between CommSec, CommSecIRESS platforms with Quality customer support.
Cors
2.  Broker might be more suitable for professional traders, there is No Forex and CFD trading and No Demo Account.
Display Analysis
Yes
Serving country
AU,,
Not Serving country
,
Contests
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
No
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
No
Free Phone
+00 61 2 9115 1417
Customer Support
24/5
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