CommSec Share Trading Guide for Account Types and Fees

Understanding CommSec Account Types and Trading Fees

CommSec provides a comprehensive range of accounts designed to meet the diverse needs of both casual and professional investors. Available account types include standard cash accounts, margin accounts, retirement accounts, custodial accounts, and international trading accounts. Each account type is structured to support specific trading goals and investment strategies. Cash accounts are suitable for everyday share trading without leverage, while margin accounts enable borrowing to enhance buying power, with interest applied to borrowed funds. Retirement accounts such as Self-Managed Super Funds (SMSF) facilitate tax-efficient long-term investment. CommSec supports multiple platforms for trading, including web-based access, mobile applications on iOS and Android, and advanced desktop trading terminals. Regulatory oversight is provided by the Australia Securities & Investment Commission (ASIC), License No. 000238814, under Commonwealth Securities Limited, ensuring that client funds are held securely and trading practices adhere to strict legal standards.

What Are the Differences Between CommSec Accounts?

CommSec accounts differ primarily in their purpose, access to leverage, and eligibility for various investment products. Below is a detailed summary of account types, minimum deposits, and leverage availability:

CommSec Share Trading Fees and Commission Structure

CommSec maintains a clear and competitive fee schedule for its accounts. Online trading of Australian shares is subject to a fixed minimum commission, while options and international trades incur additional fees. Margin accounts incur interest on borrowed funds, which is tiered based on the amount borrowed. The table below summarizes typical fees:

Frequently Asked Questions about CommSec Share Trading

Q1: Is there a minimum deposit to open a CommSec account?

A1: Most accounts, including cash, retirement, custodial, and international accounts, have no minimum deposit. Margin accounts require a minimum of $2,000 to enable leveraged trading.

Q2: Are commissions charged on Australian share trades?

A2: Yes, online trades start from $10 AUD per trade. Options and international trades involve additional fees.

Q3: Is CommSec regulated and safe for trading?

A3: Absolutely. CommSec is fully regulated by the Australia Securities & Investment Commission (ASIC), License No. 000238814 under Commonwealth Securities Limited. This ensures client funds are secure and trading practices comply with regulatory standards.