Comsec

Company Name: Commonwealth Securities Ltd.
Address and Contact Details: Commonwealth Securities, Locked Bag 22, Australia Square NSW 1215

Phone Numbers: 13 15 19 (within Australia: 8am to 8pm, Sydney time, Mon to Fri)
+61 2 9115 1417 (from outside Australia: 8am to 8pm, Sydney time, Mon to Fri)
Fax: 1300 131 519

Sign Up Offer: It’s free to join CommSec. There is a limited sign up offer of free brokerage worth $600.

Demo Account: Yes

Minimum Deposit: There is no minimum balance requirement. However, the minimum holding in any stock is $500

Awards: Margin Lender of the Year by Money magazine

Be the first to try our cutting-edge new Research Platform

http://youtu.be/dYySe7gyxy0

Company Background

Commonwealth Securities Ltd. started its brokerage business in 1995 and launched and in 1997, they launched their website for share trading. Initially, the company used to deal in Australian equities only, but gradually it expanded its operation range to include more products such as Contracts-For-Difference (CFDs), derivative products, international equities, managed funds, margin lending, Self Managed Super Fund administration and Short-term deposits.

The company has a huge customer base to which it offers a range of financial products. ComSec has also been pioneer into marketing many initial public offerings (IPOs) and raising funds.

CommSec is the first brokerage firm in Australia to launch a website exclusively designed to be accessed on handheld devices. The CommSec iPhone Edition is a very useful and much appreciated iPhone application for the iPhone users in India.

Brokering Features and Fees

CommSec’s website is the primary channel through which customers can do business with the company. It offers an excellent automated online platform. The static information on the website can be refreshed and regularly changing markets can be accessed. The website offers a wide range of features that include cash management, funds management, holdings management, trading and. It also offers features like portfolio management, providing financial news & research and the facilities of chatrooms etc.

CommSec offers a real-time trading platform, called CommSecIRESS, to its CFDs and options traders. This is an excellent and modern web-based solution that requires the Java runtime environment. This platform offers some of the advanced features like streaming of live data from the Securities Exchange of Australia.

CommSec also has a well-equipped call center with and automated voice recognition platform named PhoneTrader to facilitate phone-based trading.

Min stock commission – $19.95 per trade

Max stock commission – $99.95 per trade (for trades requiring settlement through a third party)

Margin asx cfd minimum from – $19.95 for trades to a value of $10,000 in trade premium up to 0.12% of the total trade value for trades of $25,001 & above.

Monthly fee – No monthly fee on Cash accounts & Investment Accounts

CFD holding value based on – Lending ratio

Minimum funds to open account – $4,000 or no entry fees for over 1000

Real Bid/Ask Price – real bids are provided for several currency pairs

Platforms

  1. Colonial First State Investments Ltd.
  2. 2. MLC Limited
  3. OnePath Funds Management Ltd.
  4. OnePath Life Ltd.
  5. Perpetual Investment Management Ltd.
  6. Westpac Financial Services Limited

Features

  • Trading with as low as $19.95
  • Dedicated eLearning & Education Website
  • 24 hour a day online or phone trading
  • Follow option for favorite stocks
  • 4.75% pa earning opportunity on cash
  • Reduced or no entry fees for over 1000 Managed Funds
  • Access floats and new issues

Markets Available

Australian Shares, Indexes, International Shares, Margin Lending and ASX CFDs.

Deposits and Withdrawals

No minimum balance requirement.

Let’s get started...

Broker Rating Markets Available Fees Open an Account
Kawase Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 3.44 /5
(16 votes cast)
Loading...
Shares, Indices, Forex and Oil Spread From 0.1 and 0.2% Commission Visit Website
MaxFx Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 4.66 /5
(90 votes cast)
Loading...
Indices, Forex, Metals, Shares From 0.1 Raw Interbank Spread Visit Website
London Capital Group (LCG) Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 0.43 /5
(127 votes cast)
Loading...
CFDs - Foex, Indices, Stocks, Commodities, Bonds, Interest Rates Variable spreads from 1.2 and small 0.1 commission on Shares Visit Website
Risk warning: Your capital may be at risk. CFD trading is suitable for experienced traders and not beginners.