What is share trading account

CommSec Share Trading AccountA CommSec Share Trading Account gives you a fast, simple and affordable way to buy and sell Australian shares. You can place orders without a deposit1,

What is share trading account

CommSec Share Trading Account

A CommSec Share Trading Account gives you a fast, simple and affordable way to buy and sell Australian shares. You can place orders without a deposit1, so you can take advantage of investment opportunities when they arise. And you can place them however suits you best  online, on the go via our App or over the phone.

To settle your trades, you can choose an existing cash account, or access our lowest brokerage rates with a Commonwealth Direct Investment Account2, 3.With our seamless cash integration, you can make real-time cash transfers, and login just once via either NetBank or CommSec to manage your cash and trading accounts.

Convenience, flexibility and great value arent all a CommSec Share Trading Account offers. On the CommSec website youll find everything you need to invest with confidence, whatever your level of experience  free real-time quotes, market depth, live announcements and live charting, no conditions attached.

Apply now and you could be trading today.

How it works

Use a CommSec Share Trading Account to invest in a range of ASX-listed securities, including Australian shares, using our award-winning trading platform. View free real-time share and market prices, and settle your trades through the cash account of your choice or a CDIA3 for brokerage from as low as $10.00 per trade2.

  • Get informed with our extensive range of free trading tools, industry research and market news.
  • Place orders up to $5,000 - online, via our App or over the phone - without a deposit1.
  • Settle trades to the cash account of your choice.
  • Stay in touch with your portfolio and monitor its performance 24/7.

Already an experienced trader? You may qualify for premium support and benefits via CommSec One. Click here to find out more.

Brokerage Fees

Trade execution

Brokerage fee amount by transaction value1,2,3,4

Trade online and settle your trade to a CDIA5or CommSec Margin Loan5

$10.00 (Up to and including $1,000)

$19.95 (Over $1,000 up to $10,000 (inclusive))

$29.95 (Over $10,000 up to $25,000 (inclusive))

0.12% (Over $25,000)

Trade online and settle into a bank account of your choice

$29.95 (Up to and including $9,999.99)

0.31% ($10,000 and above)

Trades over thephone and deceased estates6

$59.95 (Up to and including $10,000)

0.52% (Over $10,000 up to $25,000 (inclusive))

0.49% (Over $25,000 up to $1,000,000 (inclusive))

0.11% (Over $1,000,000)

Trades requiring settlement through a third party6

$99.95 (Up to and including $15,000)

0.66% (Over $15,000)

1Different brokerage rates apply to CommSec Pocket trades executed through CommSec Pocket App or CommBank App.

2Alternative brokerage rates may be agreed from time to time and (if agreed to) will be payable under clause 22 of CommSec's Share Trading Terms and Conditions. If you are offered, and agree to a tiered brokerage rate, this may result in brokerage charges that differ from rates expressly disclosed within the CommSec FSG.

3Unless otherwise indicated, where a fee or charge is expressed as a percentage, it refers to a percentage of the transaction value. For GST rounding reasons, the final brokerage fee may result in a slight variance from the stated or expected charge, which may exceed two cents for large trades.

4Brokerage charged (shares, warrants, listed managed investments and derivatives): Brokerage at these rates applies each time you trade a stock, warrant, listed managed investment or derivative.

5To be eligible, you must trade online, be CHESS Participant Sponsored with CommSec and settle your trades through either a Commonwealth Direct Investment Account (CDIA) or a CommSec Margin Loan.

6Includes CommSec Margin Lending and Geared Investments Lending Trades and where the Commonwealth Bank exercises its rights under the loan terms and conditions.

Other fees

Other fees may apply. Please see the CommSec Financial Services Guide

$0. There are no monthly fees associated with a CommSec Share Trading account.

How do I transfer my shares to CommSec?

Important:The shares you wish to transfer (whether held with another broker or the share registry) must have identical registration details (both name and address) to your CommSec Share Trading Account. If registration details differ by even one character, you will need to change these details before completing the form.

Shares held with the share registry
To transfer shares held with the share registry into your CommSec share trading account you will need to submit an Issuer to CHESS transfer request. You can do this online by logging in and navigating to Portfolio > Accounts (select account) > Transfers.

For the transfer to be successful the name and address registered on your issuer holdings must match your CommSec account.

Your request will be completed within 72 hours.

Please note:If your shares are held in another entity, for example yourself in trust for a super fund, you need to complete an Off Market Transfer form.

How do I pay for my shares?

Once your buy order is partially or fully executed with CommSec, settlement will take place two (2) business days after its execution (T+2)4.

  • We will automatically direct debit from your nominated bank account on T+2. To view the bank account you nominated on your application form, select Portfolio > Profile after you have logged into your CommSec account.
  • To view or change the bank account you nominated on your application form, select the View or Edit Account Details from the link at the top of the page.

When you have bought and sold shares on the same day and next the next trading day, your payment may be partially or wholly offset. For more information refer to the New Client Guide.

What is CHESS?

CHESS (Clearing House Electronic Sub-register System) is the system used by the ASX to record shareholdings and manage the settlement of share transactions.
If you are CHESS sponsored by CommSec you can automatically keep track of your portfolio and its market value online, its easy to buy and sell shares (because all the required information is available, so you don't have to ask the companys share registry to provide it) and you can even place a buy order without a deposit if you have sufficient holdings sponsored by us.
For your holdings to be registered in the CHESS Settlement Facility, you need to be sponsored by a Settlement Participant of the ASX Group, such as CommSec. Broker sponsored holdings are allocated a Holder Identification Number (HIN).
To become CHESS sponsored with CommSec, download the form from Support > Forms & Brochures > Broker to Broker CHESS sponsorship form.

What is the minimum amount of shares I can buy?

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 share holdings. For example, if you hold $500 worth of shares in XYZ you may be able to purchase a smaller amount of XYZ to increase your existing holding.

What's a Commonwealth Direct Investment Account (CDIA)?

The CDIA is a Commonwealth Bank cash account specifically designed for CommSec share traders, allowing you to trade, save and transact, when and where it suits you. For more information about the CDIA, click here.

How do I decide what to buy?

Knowing where to start can be quite a challenge but there are ways to narrow down the possibilities.

Once youve defined your investment goals, think about companies you know and have a relationship with  whether its a company you work for, shop at, travel with or something else. Do those companies meet your investment criteria? You can use CommSecs research tools and CommSec Learn to obtain more information to get more ideas.

How much does it cost to trade?

You can trade with CommSec with brokerage from as low as $10.002. Brokerage is charged when your order results in a trade.

What is the CommSec App and how do I get it?

The CommSec app is a mobile application that you can use to view your portfolio and place trades, wherever you are. You can download it to your iPad, iPhone or Android device (excluding Android tablets) from the iTunes App Store or from Google Play. For more information, click here.

How do I know when my buy/sell order has been completed?

Whenever an order you have placed results in a trade, you will receive a Confirmation Contract Note by email, post or both, depending on the preference you have selected. Confirmation Contract Notes are generated on the day of the trade. You can access up-to-date information on the status of your orders on the CommSec website at any time.

Do I need to deposit cash before I place a buy trade?

No, your CommSec Trading Account allows you to place orders of up to $5,000 without deposit1. That limit applies to leading stock, and you can also buy up $1,000 of non-leading stock within that amount. If you have cash in your linked Commonwealth Direct Investment Account (CDIA) or have shares in your CommSec Trading Account, you may be able to increase this amount. The funds will be direct debited from your linked cash account in full on the settlement date, which is two (2) trading days after your trade has taken place (T+2)3.

Can I sell shares through CommSec without opening a trading account?

We used to offer a One-Off Trade option, but unfortunately we have now stopped this service. If you want to sell a share holding through CommSec, you'll need to open a CommSec Share Trading Account in the same name that the shares are registered under.

Here's how to find out what name your shares are registered under:

  1. Look for your latest dividend or holding statement for each share holding you want to sell
  2. Log onto the share registry website and view your details online (website details should be detailed on the statement)
  3. Click here to Open a CommSec Share Trading Account online.
  4. Once your CommSec Share Trading Account is open, you'll need to transfer your shares from the share registry to your CommSec trading account before you can sell them. Here's How to transfer shares from the share registry.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.

Share Trading Terms and Conditions

For a complete outline of what your obligations are when you buy or sell shares through CommSec please review the Share Trading Terms and Conditions document.Download the Share Trading Terms and ConditionsCommSec Document Download Acceptance

Before you obtain any products or services from CommSec, you must view the most recentFinancial Services Guide (FSG).

By clicking YES below I am agreeing to be given the FSG and PDS electronically by downloading these documents from this website.

Note: If you would like to receive the CommSec Financial services Guide (FSG) and relevant Product Disclosure Statement (PDS) by mail please contact us on 13 15 19.Yes No

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